Macy's sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods through its department stores and direct-to-consumer. The company was founded in 1830 and is based in Cincinnati, Ohio.
M Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Macy's Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Macy's Inc ranked in the 64th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 113%. In terms of the factors that were most noteworthy in this DCF analysis for M, they are:
The compound growth rate in the free cash flow of Macy's Inc over the past 5.56 years is -0.17%; that's higher than only 16.03% of free cash flow generating stocks in the Consumer Cyclical sector.
21% of the company's capital comes from equity, which is greater than only 9.12% of stocks in our cash flow based forecasting set.
Macy's Inc's weighted average cost of capital (WACC) is 5%; for context, that number is higher than merely 0.61% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Macy's Inc? See CLUB, HOG, WHR, BSET, and ETH.
Macy's, Inc. (M) Q1 2020 Earnings Conference Call July 1, 2020 8:00 A.M. ET Company Participants Mike McGuire - Head of Investor Relations Jeff Gennette - Chairman and Chief Executive Officer Felicia Williams - Interim Chief Financial Officer Conference Call Participants Matthew Boss - JPMorgan Oliver Chen - Cowen and...
MAcy's (M) reports revenue fell 45.2% Y/Y in Q2 to $3.02B to miss the expectation of analysts. Gross margin fell to 17.1% of sales vs. 21.8% consensus. CEO update: "Q1 of 2020 was challenging for the country, the industry and Macy's, Inc. While our stores are re-opened, we expect that the...
With me on the call today are Jeff Gennette, our Chairman and CEO; and Felicia Williams, our Interim CFO. Jeff and Felicia have several prepared remarks to share after which we'll host a question-and-answer session.
(Bloomberg) -- New York City postponed a planned reopening of restaurant dining rooms, California ordered many indoor businesses to shut and Pennsylvania required residents to wear masks as U.S. state and local leaders grapple with a surge in coronavirus infections. Texas and Arizona reported record new cases. An early trial of an experimental vaccine from Pfizer Inc. and BioNtech SE showed promise, winning praise from Wall Street analysts and showing the industry remains on track for having a potential shot by January.Europe’s two largest economies reported more evidence of the damage wrought by the pandemic. Unemployment in Germany surged in June, accompanied by warnings of a slower-than-expected recovery. In the U.K., house prices posted their first annual decline since 2012, while t...