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Kohl's

BST:KHP
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KHP
BST
$10B
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Kohl’s Corporation operates as an omni-channel retailer in the United States. The last earnings update was 18 days ago. More info.


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KHP Share Price and Events
7 Day Returns
0%
BST:KHP
-4.7%
Europe Multiline Retail
-3.8%
DE Market
1 Year Returns
65.7%
BST:KHP
-11.1%
Europe Multiline Retail
-18.5%
DE Market
KHP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kohl's (KHP) 0% 0% -0.9% 65.7% - -
Europe Multiline Retail -4.7% -13.1% -13.1% -11.1% -36.3% -38.3%
DE Market -3.8% -6.7% -10.2% -18.5% -2% 7.9%
1 Year Return vs Industry and Market
  • KHP outperformed the Multiline Retail industry which returned -11.1% over the past year.
  • KHP outperformed the Market in Germany which returned -18.5% over the past year.
Price Volatility
KHP
Industry
5yr Volatility vs Market

KHP Value

 Is Kohl's undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kohl's to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kohl's.

BST:KHP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:KHP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Multiline Retail Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.351 (1 + (1- 21%) (38%))
0.456
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.8 * 9.46%)
8.11%

Discounted Cash Flow Calculation for BST:KHP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kohl's is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:KHP DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 1,405.00 1,253.00 1,314.00 1,318.20 1,322.42
Source Analyst x7 Analyst x5 Analyst x2 Est @ 0.32% Est @ 0.32%
Present Value
Discounted (@ 8.11%)
1,299.62 1,072.09 1,039.96 965.04 895.51
Present value of next 5 years cash flows $5,272.22
BST:KHP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $1,322.42 × (1 + 0.54%) ÷ (8.11% – 0.54%)
$17,572.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $17,572.20 ÷ (1 + 8.11%)5
$11,899.51
BST:KHP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $5,272.22 + $11,899.51
$17,171.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $17,171.73 / 165.13
$115.86
BST:KHP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:KHP represents 1.11412x of NYSE:KSS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.11412x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 103.99 x 1.11412
€115.86
Value per share (EUR) From above. €115.86
Current discount Discount to share price of €69.61
= -1 x (€69.61 - €115.86) / €115.86
39.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kohl's is available for.
Intrinsic value
40%
Share price is €69.61 vs Future cash flow value of €115.86
Current Discount Checks
For Kohl's to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kohl's's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kohl's's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kohl's's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kohl's's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:KHP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-03) in USD $6.05
NYSE:KSS Share Price ** NYSE (2018-09-10) in USD $62.48
Europe Multiline Retail Industry PE Ratio Median Figure of 7 Publicly-Listed Multiline Retail Companies 15.38x
Germany Market PE Ratio Median Figure of 413 Publicly-Listed Companies 16.97x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kohl's.

BST:KHP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KSS Share Price ÷ EPS (both in USD)

= 62.48 ÷ 6.05

10.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kohl's is good value based on earnings compared to the Europe Multiline Retail industry average.
  • Kohl's is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kohl's's expected growth come at a high price?
Raw Data
BST:KHP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
-1.1%per year
Europe Multiline Retail Industry PEG Ratio Median Figure of 6 Publicly-Listed Multiline Retail Companies 1.34x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BST:KHP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.32x ÷ -1.1%

-9.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kohl's earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kohl's's assets?
Raw Data
BST:KHP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-03) in USD $33.25
NYSE:KSS Share Price * NYSE (2018-09-10) in USD $62.48
Europe Multiline Retail Industry PB Ratio Median Figure of 10 Publicly-Listed Multiline Retail Companies 1.51x
Germany Market PB Ratio Median Figure of 556 Publicly-Listed Companies 1.76x
BST:KHP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KSS Share Price ÷ Book Value per Share (both in USD)

= 62.48 ÷ 33.25

1.88x

* Primary Listing of Kohl's.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kohl's is overvalued based on assets compared to the Europe Multiline Retail industry average.
X
Value checks
We assess Kohl's's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Multiline Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Multiline Retail industry average (and greater than 0)? (1 check)
  5. Kohl's has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KHP Future Performance

 How is Kohl's expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kohl's expected to grow at an attractive rate?
  • Kohl's's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Kohl's's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Kohl's's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:KHP Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:KHP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts -1.1%
BST:KHP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 0.5%
Europe Multiline Retail Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
Europe Multiline Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:KHP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:KHP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-01-31 19,437 2,010 908 6
2020-01-31 19,469 1,971 904 11
2019-01-31 19,253 2,033 882 12
BST:KHP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-03 19,474 2,245 997
2018-08-04 19,413 2,362 953
2018-05-05 19,238 2,032 868
2018-02-03 19,095 1,691 859
2017-10-28 18,997 1,738 644
2017-07-29 18,992 1,683 673
2017-04-29 18,779 2,059 605
2017-01-28 18,686 2,153 556
2016-10-29 18,868 2,351 599
2016-07-30 18,968 1,967 573
2016-04-30 19,053 1,512 563
2016-01-30 19,204 1,484 673

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kohl's's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kohl's's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:KHP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Kohl's Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:KHP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-01-31 5.92 6.04 5.80 2.00
2020-01-31 5.75 5.90 5.67 5.00
2019-01-31 5.42 5.47 5.38 2.00
BST:KHP Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-03 6.05
2018-08-04 5.78
2018-05-05 5.24
2018-02-03 5.14
2017-10-28 3.81
2017-07-29 3.92
2017-04-29 3.46
2017-01-28 3.12
2016-10-29 3.31
2016-07-30 3.10
2016-04-30 2.98
2016-01-30 3.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kohl's is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kohl's's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kohl's has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KHP Past Performance

  How has Kohl's performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kohl's's growth in the last year to its industry (Multiline Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kohl's's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Kohl's's 1-year earnings growth exceeds its 5-year average (51.7% vs -2%)
  • Kohl's's earnings growth has exceeded the Europe Multiline Retail industry average in the past year (51.7% vs 0.1%).
Earnings and Revenue History
Kohl's's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kohl's Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:KHP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-03 19,474.00 997.00 4,645.00
2018-08-04 19,413.00 953.00 4,610.00
2018-05-05 19,238.00 868.00 4,557.00
2018-02-03 19,095.00 859.00 4,512.00
2017-10-28 18,997.00 644.00 4,890.00
2017-07-29 18,992.00 673.00 4,875.00
2017-04-29 18,779.00 605.00 4,641.00
2017-01-28 18,686.00 556.00 4,435.00
2016-10-29 18,868.00 599.00 4,406.00
2016-07-30 18,968.00 573.00 4,425.00
2016-04-30 19,053.00 563.00 4,444.00
2016-01-30 19,204.00 673.00 4,452.00
2015-10-31 19,154.00 746.00 4,392.00
2015-08-01 19,101.00 767.00 4,390.00
2015-05-02 19,076.00 869.00 4,366.00
2015-01-31 19,023.00 867.00 4,350.00
2014-11-01 18,785.00 832.00 4,320.00
2014-08-02 18,855.00 868.00 4,297.00
2014-05-03 18,902.00 867.00 4,316.00
2014-02-01 19,031.00 889.00 4,313.00
2013-11-02 19,274.00 932.00 4,283.00
2013-08-03 19,320.00 970.00 4,287.00
2013-05-04 19,235.00 979.00 4,262.00
2013-02-02 19,279.00 986.00 4,267.00
2012-10-27 18,955.00 1,065.00 4,232.00
2012-07-28 18,841.00 1,061.00 4,225.00
2012-04-28 18,885.00 1,120.00 4,241.00
2012-01-28 18,804.00 1,167.00 4,243.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kohl's has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kohl's used its assets less efficiently than the Europe Multiline Retail industry average last year based on Return on Assets.
  • Kohl's's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kohl's's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Multiline Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kohl's has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KHP Health

 How is Kohl's's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kohl's's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kohl's is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kohl's's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kohl's's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kohl's Company Filings, last reported 1 month ago.

BST:KHP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-03 5,453.00 3,921.00 1,047.00
2018-08-04 5,487.00 3,932.00 1,066.00
2018-05-05 5,356.00 3,987.00 822.00
2018-02-03 5,426.00 4,514.00 1,308.00
2017-10-28 5,029.00 4,549.00 736.00
2017-07-29 5,028.00 4,566.00 552.00
2017-04-29 4,994.00 4,586.00 625.00
2017-01-28 5,177.00 4,611.00 1,074.00
2016-10-29 5,107.00 4,624.00 597.00
2016-07-30 5,215.00 4,629.00 700.00
2016-04-30 5,297.00 4,690.00 423.00
2016-01-30 5,491.00 4,708.00 707.00
2015-10-31 5,474.00 5,135.00 501.00
2015-08-01 5,677.00 5,046.00 934.00
2015-05-02 6,017.00 4,746.00 1,195.00
2015-01-31 5,991.00 4,748.00 1,407.00
2014-11-01 5,805.00 4,788.00 631.00
2014-08-02 5,809.00 4,793.00 746.00
2014-05-03 5,857.00 4,823.00 717.00
2014-02-01 5,978.00 4,861.00 971.00
2013-11-02 5,924.00 4,883.00 598.00
2013-08-03 6,053.00 4,587.00 592.00
2013-05-04 6,021.00 4,537.00 518.00
2013-02-02 6,048.00 4,553.00 537.00
2012-10-27 6,106.00 4,578.00 550.00
2012-07-28 6,188.00 4,232.00 600.00
2012-04-28 6,300.00 4,247.00 1,029.00
2012-01-28 6,508.00 4,244.00 1,205.00
  • Kohl's's level of debt (71.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (82.4% vs 71.9% today).
  • Debt is well covered by operating cash flow (57.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Kohl's's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kohl's has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KHP Dividends

 What is Kohl's's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.91%
Current annual income from Kohl's dividends. Estimated to be 4.21% next year.
If you bought €2,000 of Kohl's shares you are expected to receive €78 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kohl's's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Kohl's's dividend is below the markets top 25% of dividend payers in Germany (3.99%).
Upcoming dividend payment

Purchase Kohl's on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:KHP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Europe Multiline Retail Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:KHP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-01-31 2.94 4.00
2020-01-31 2.67 10.00
2019-01-31 2.46 10.00
BST:KHP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-08-21 2.440 3.276
2018-03-01 2.440 3.607
2017-08-10 2.200 4.555
2017-06-02 2.200 5.674
2017-05-11 2.200 5.812
2016-11-10 2.000 4.621
2016-05-12 2.000 4.925
2016-03-18 2.000 4.528
2016-02-25 2.000 4.180
2015-12-04 1.800 3.872
2015-11-12 1.800 3.882
2015-05-18 1.800 3.305
2015-02-26 1.800 2.421
2014-11-13 1.560 2.554
2014-08-14 1.560 2.666
2014-05-15 1.560 2.936
2014-02-27 1.560 2.823
2013-11-14 1.400 2.614
2013-08-15 1.400 2.636
2013-05-16 1.400 2.687
2013-02-28 1.400 2.950
2012-11-08 1.280 2.814
2012-08-09 1.280 2.453
2012-05-10 1.280 2.725
2012-02-23 1.280 2.569
2011-11-10 1.000 2.007
2011-08-11 1.000 2.051
2011-05-12 1.000 1.909
2011-02-24 1.000 1.871

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Kohl's has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Kohl's only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Kohl's's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Kohl's's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kohl's afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kohl's has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KHP Management

 What is the CEO of Kohl's's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michelle Gass
COMPENSATION $12,583,570
AGE 50
TENURE AS CEO 0.6 years
CEO Bio

Ms. Michelle D. Gass serves as Chief Executive Officer and Director of Kohl's Corporation since May 16, 2018. Ms. Gass was the Chief Merchandising & Customer Officer at Kohl's Corporation since June 2015 until May 2, 2018. She serves as the Chief Merchandising & Customer Officer at Kohl's Department Stores, Inc. She serves as a Director of Froedtert Health Inc. Ms. Gass served as the Chief Customer Officer at Kohl's Department Stores, Inc. since June 17, 2013. She served as Chief Customer Officer at Kohl's Corporation since June 17, 2013 until June 2015. Ms. Gass spent more than 16 years with Starbucks Corporation in a variety of senior leadership roles. Ms. Glass served as an Interim President of Global Consumer Products and Foodservice at Starbucks Coffee International, Inc. Ms. Glass served as a Member of Senior Leadership Team at Starbucks Corporation and served as its the President of EMEA Region from September 2011 to May 2013. She served as the President of Seattle's Best Coffee LLC at Starbucks Corp. from September 2009 to July, 2011. Ms. Glass served as an Executive Vice President of Marketing and Category for Starbucks Corporation since December 2008. She served as Senior Vice President of Product Marketing and Category at Starbucks Corporation since August 2008. She was responsible for the strategic and operating plans of Starbucks Category portfolio which includes Coffee, Beverage, Food and Merchandise. She also oversaw the day-to-day activities of the Research and Development team. In early 2008, she served in a special assignment leading the Global Strategy function in the Office of the CEO. Ms. Glass served as Chief Merchant of Global Product, Office of the Chief Executive Officer and Senior Vice President of Starbucks Corporation and served as Senior Vice President of Category Management since May 2004 and Senior Vice President of Global Strategy from January 2008 to July 2008. Ms. Glass joined Starbucks in 1996 as Category Manager, Blended Beverages. She held several roles in the Marketing organization and was credited with evolving the Frappuccino (R) blended beverage line from a two-flavor product offering to a full product and brand platform that represents significant sales across all business channels. Ms. Glass served as Vice President of Beverage Category at Starbucks Corp., since January 2001 and Vice President of Category, adding Coffee, Food, Merchandise and Research and Development, portfolio since November 2003. She served for the Procter & Gamble Company for six years from 1990 to 1996 in Marketing and Product Development roles across such brands as Crest toothpaste and the pharmaceutical business. Ms. Glass served as an Independent Director of Cigna Corporation from April 2014 to February 21, 2017. She served as an Independent Director of ANN INC (known as AnnTaylor Stores Corp) from November 2008 to May 22, 2013. She holds Master in Business Administration from University of Washington and Bachelor of Science in Chemical Engineering from Worcester Polytechnic Institute.

CEO Compensation
  • Michelle's compensation has increased by more than 20% in the past year.
  • Michelle's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kohl's management team in years:

1.5
Average Tenure
50.5
Average Age
  • The average tenure for the Kohl's management team is less than 2 years, this suggests a new team.
Management Team

Michelle Gass

TITLE
CEO & Director
COMPENSATION
$13M
AGE
50
TENURE
0.6 yrs

Sona Chawla

TITLE
COO & President
COMPENSATION
$9M
AGE
51
TENURE
0.6 yrs

Bruce Besanko

TITLE
Chief Financial Officer
COMPENSATION
$9M
AGE
59
TENURE
1.4 yrs

Ratnakar Lavu

TITLE
Senior Executive VP & Chief Technology Officer

Jason Kelroy

TITLE
Executive VP
TENURE
3.3 yrs

Arthur Lewis

TITLE
Executive Vice President of Development

Greg Revelle

TITLE
Chief Marketing Officer
AGE
40
TENURE
1.7 yrs

Marc Chini

TITLE
Senior EVP & Chief People Officer
TENURE
0.9 yrs

Jeff Manby

TITLE
Executive Vice President and General Merchandise Manager of Men's & Children's
TENURE
11.3 yrs

Jon Grosso

TITLE
Executive Vice President and Director of Store Operations
TENURE
11.3 yrs
Board of Directors Tenure

Average tenure and age of the Kohl's board of directors in years:

8.3
Average Tenure
58.5
Average Age
  • The tenure for the Kohl's board of directors is about average.
Board of Directors

Frank Sica

TITLE
Chairman of the Board
COMPENSATION
$260K
AGE
67
TENURE
0.6 yrs

Michelle Gass

TITLE
CEO & Director
COMPENSATION
$13M
AGE
50
TENURE
0.6 yrs

Stephanie Streeter

TITLE
Independent Director
COMPENSATION
$250K
AGE
60
TENURE
11.4 yrs

Peter Boneparth

TITLE
Independent Director
COMPENSATION
$240K
AGE
58
TENURE
10.6 yrs

Steven Burd

TITLE
Independent Director
COMPENSATION
$240K
AGE
68
TENURE
17.9 yrs

Steve Watson

TITLE
Director
COMPENSATION
$285K
AGE
73
TENURE
12.8 yrs

Nina Vaca

TITLE
Independent Director
COMPENSATION
$230K
AGE
47
TENURE
8.8 yrs

John Schlifske

TITLE
Independent Director
COMPENSATION
$230K
AGE
59
TENURE
7.9 yrs

Jonas Prising

TITLE
Independent Director
COMPENSATION
$225K
AGE
53
TENURE
3.3 yrs

Adrianne Shapira

TITLE
Independent Director
COMPENSATION
$230K
AGE
48
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Jun 18 Sell Richard Schepp Individual 12. Jun 18 12. Jun 18 -15,000 €66.61 €-999,128
12. Jun 18 Sell Steven Burd Individual 08. Jun 18 08. Jun 18 -4,945 €65.19 €-322,377
08. Jun 18 Sell Stephen Watson Individual 06. Jun 18 06. Jun 18 -2,860 €63.96 €-182,914
09. Apr 18 Sell Stephen Watson Individual 05. Apr 18 05. Apr 18 -4,587 €54.27 €-248,956
28. Mar 18 Sell Kevin Mansell Individual 27. Mar 18 27. Mar 18 -69,000 €51.62 €-3,561,063
23. Mar 18 Sell Kevin Mansell Individual 21. Mar 18 22. Mar 18 -151,194 €52.14 €-7,881,371
07. Mar 18 Sell Peter Boneparth Individual 06. Mar 18 06. Mar 18 -7,500 €53.32 €-399,909
X
Management checks
We assess Kohl's's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kohl's has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KHP News

External News
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Simply Wall St News

KHP Company Info

Map
Description

Kohl’s Corporation operates as an omni-channel retailer in the United States. Its stores and Website offer apparel, footwear, accessories, beauty, and home products. As of February 3, 2018, it operated 1,158 department stores; a Website Kohls.com; and 12 FILA outlets, and 4 Off-Aisle clearance centers. Kohl's Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

Details
Name: Kohl's Corporation
KHP
Exchange: BST
Founded: 1962
$9,052,384,192
165,129,371
Website: http://www.Kohls.com
Address: Kohl's Corporation
N56 W17000 Ridgewood Drive,
Menomonee Falls,
Wisconsin, 53051,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KSS Common Stock New York Stock Exchange US USD 19. May 1992
DB KHP Common Stock Deutsche Boerse AG DE EUR 19. May 1992
BST KHP Common Stock Boerse-Stuttgart DE EUR 19. May 1992
LSE 0JRL Common Stock London Stock Exchange GB USD 19. May 1992
BMV KSS * Common Stock Bolsa Mexicana de Valores MX MXN 19. May 1992
Number of employees
Current staff
Staff numbers
85,000
Kohl's employees.
Industry
Department Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/08 22:15
End of day share price update: 2018/09/10 00:00
Last estimates confirmation: 2018/12/04
Last earnings filing: 2018/11/20
Last earnings reported: 2018/11/03
Last annual earnings reported: 2018/02/03


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.