DB:FDO

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Executive Summary

Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands.


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has Macy's's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FDO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.4%

FDO

3.6%

DE Multiline Retail

2.2%

DE Market


1 Year Return

-67.8%

FDO

-8.3%

DE Multiline Retail

5.6%

DE Market

Return vs Industry: FDO underperformed the German Multiline Retail industry which returned -11.3% over the past year.

Return vs Market: FDO underperformed the German Market which returned 3.4% over the past year.


Shareholder returns

FDOIndustryMarket
7 Day6.4%3.6%2.2%
30 Day-3.4%3.6%7.3%
90 Day15.5%24.9%22.1%
1 Year-64.9%-67.8%-5.9%-8.3%7.9%5.6%
3 Year-62.3%-69.0%0.8%-11.4%4.5%-3.8%
5 Year-87.6%-90.7%-31.7%-45.6%12.5%-2.7%

Price Volatility Vs. Market

How volatile is Macy's's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Macy's undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FDO (€6.13) is trading below our estimate of fair value (€13.73)

Significantly Below Fair Value: FDO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FDO is unprofitable, so we can't compare its PE Ratio to the XE Multiline Retail industry average.

PE vs Market: FDO is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FDO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FDO is good value based on its PB Ratio (0.8x) compared to the XE Multiline Retail industry average (3.1x).


Next Steps

Future Growth

How is Macy's forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

98.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: FDO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FDO's is expected to become profitable in the next 3 years.

Revenue vs Market: FDO's revenue (6.9% per year) is forecast to grow faster than the German market (6% per year).

High Growth Revenue: FDO's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FDO's Return on Equity is forecast to be low in 3 years time (10%).


Next Steps

Past Performance

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

-19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDO is currently unprofitable.

Growing Profit Margin: FDO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FDO is unprofitable, and losses have increased over the past 5 years at a rate of 19.6% per year.

Accelerating Growth: Unable to compare FDO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FDO is unprofitable, making it difficult to compare its past year earnings growth to the Multiline Retail industry (7.6%).


Return on Equity

High ROE: FDO has a negative Return on Equity (-116.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is Macy's's financial position?


Financial Position Analysis

Short Term Liabilities: FDO's short term assets ($7.1B) exceed its short term liabilities ($5.8B).

Long Term Liabilities: FDO's short term assets ($7.1B) do not cover its long term liabilities ($10.1B).


Debt to Equity History and Analysis

Debt Level: FDO's debt to equity ratio (194.7%) is considered high.

Reducing Debt: FDO's debt to equity ratio has increased from 140.4% to 194.7% over the past 5 years.

Debt Coverage: FDO's debt is well covered by operating cash flow (28.2%).

Interest Coverage: FDO is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

4.98%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FDO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FDO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FDO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FDO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FDO is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FDO's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Jeff Gennette (59yo)

3.33yrs

Tenure

US$10,308,820

Compensation

Mr. Jeffrey Gennette, also known as Jeff, has been the Chairman since January 2018 and Chief Executive Officer March 2017 of Macy's, Inc. (formerly Macy's Inc. (formerly known as Federated Department Store ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD10.31M) is above average for companies of similar size in the German market ($USD1.47M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Gennette
Chairman & CEO3.33yrsUS$10.31m0.057% $1.0m
John Harper
Executive VP & COO0.50yrUS$3.36m0.019% $346.9k
Elisa Garcia C.
Chief Legal Officer3.83yrsUS$2.21m0.0086% $156.7k
Danielle Kirgan
Executive VP and Chief Transformation & Human Resources Officer2.75yrsUS$2.25mno data
Paula Price
0.17yrUS$3.03m0.00066% $12.1k
Felicia Williams
Senior VP0.083yrno data0.00062% $11.3k
Paul Griscom
Interim Principal Accounting Officer0.083yrno data0.00033% $6.0k
Naveen Krishna
Chief Technology Officer2.08yrsno datano data
Michael McGuire
Head of Investor Relations1.25yrsno datano data
Cheryl Heinonen
Senior Vice President of Corporate Communications3.5yrsno datano data
William Hawthorne
Senior Vice President of Diversity Strategies & Legal Affairsno datano datano data
Bradley Mays
Senior Vice President of Taxno datano datano data

1.7yrs

Average Tenure

59yo

Average Age

Experienced Management: FDO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Gennette
Chairman & CEO3.33yrsUS$10.31m0.057% $1.0m
Antony Spring
Chairman & CEO of Bloomingdale’s6.42yrsno datano data
Francis Blake
Independent Director4.67yrsUS$259.78k0.0032% $58.9k
Joyce Roché
Independent Director14.42yrsUS$274.57k0.0015% $27.4k
Sara Levinson
Independent Director23.17yrsUS$257.05kno data
Marna Whittington
Lead Independent Directorno dataUS$328.24k0.014% $264.2k
John Bryant
Independent Director5.33yrsUS$276.63k0.0032% $58.0k
David Abney
Independent Director1.75yrsUS$251.14kno data
Paul Varga
Independent Director8.33yrsUS$271.73k0.00027% $4.9k
Deirdre Connelly
Independent Director12.5yrsUS$259.52k0.0035% $63.8k
William Lenehan
Independent Director4.25yrsUS$255.36k0.0036% $66.0k
Leslie Hale
Independent Director5.5yrsUS$259.33kno data

5.5yrs

Average Tenure

59yo

Average Age

Experienced Board: FDO's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Macy's, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Macy's, Inc.
  • Ticker: FDO
  • Exchange: DB
  • Founded: 1830
  • Industry: Department Stores
  • Sector: Retail
  • Market Cap: US$2.088b
  • Listing Market Cap: US$1.829b
  • Shares outstanding: 310.24m
  • Website: https://www.macysinc.com

Number of Employees


Location

  • Macy's, Inc.
  • 151 West 34th Street
  • New York
  • New York
  • 10001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
M *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1992
FDODB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1992
MNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1992
MACYWBAG (Wiener Boerse AG)YesCommon StockATEURFeb 1992
0JXDLSE (London Stock Exchange)YesCommon StockGBUSDFeb 1992
MACY34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM USD0.01BRBRLApr 2016

Biography

Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of February 1, 2020, the company operated 775 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 21:34
End of Day Share Price2020/07/15 00:00
Earnings2020/05/02
Annual Earnings2020/02/01


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.