Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands.
Reasonable growth potential and fair value.
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.
7 Day Return
DE Multiline Retail
1 Year Return
DE Multiline Retail
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.
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
Is Macy's undervalued compared to its fair value and its price relative to the market?
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).
How is Macy's forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
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%).
How has Macy's performed over the past 5 years?
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.
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 ($10.1B).
Debt to Equity History and Analysis
Debt Level: FDO's debt to equity ratio (194.7%) is considered high.
Reducing Debt: FDO's debt to equity ratio has increased from 140.4% to 194.7% over the past 5 years.
Debt Coverage: FDO's debt is well covered by operating cash flow (28.2%).
Interest Coverage: FDO is unprofitable, therefore interest payments are not well covered by earnings.
What is Macy's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FDO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FDO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FDO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FDO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FDO is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FDO's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Gennette (59yo)
Mr. Jeffrey Gennette, also known as Jeff, has been the Chairman since January 2018 and Chief Executive Officer March 2017 of Macy's, Inc. (formerly Macy's Inc. (formerly known as Federated Department Store ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($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.
|Chairman & CEO||3.33yrs||US$10.31m||0.057% $1.0m|
|Executive VP & COO||0.50yr||US$3.36m||0.019% $346.9k|
|Chief Legal Officer||3.83yrs||US$2.21m||0.0086% $156.7k|
|Executive VP and Chief Transformation & Human Resources Officer||2.75yrs||US$2.25m||no data|
|Senior VP||0.083yr||no data||0.00062% $11.3k|
|Interim Principal Accounting Officer||0.083yr||no data||0.00033% $6.0k|
|Chief Technology Officer||2.08yrs||no data||no data|
|Head of Investor Relations||1.25yrs||no data||no data|
|Senior Vice President of Corporate Communications||3.5yrs||no data||no data|
|Senior Vice President of Diversity Strategies & Legal Affairs||no data||no data||no data|
|Senior Vice President of Tax||no data||no data||no data|
Experienced Management: FDO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Chairman & CEO||3.33yrs||US$10.31m||0.057% $1.0m|
|Chairman & CEO of Bloomingdale’s||6.42yrs||no data||no data|
|Independent Director||4.67yrs||US$259.78k||0.0032% $58.9k|
|Independent Director||14.42yrs||US$274.57k||0.0015% $27.4k|
|Independent Director||23.17yrs||US$257.05k||no data|
|Lead Independent Director||no data||US$328.24k||0.014% $264.2k|
|Independent Director||5.33yrs||US$276.63k||0.0032% $58.0k|
|Independent Director||1.75yrs||US$251.14k||no data|
|Independent Director||8.33yrs||US$271.73k||0.00027% $4.9k|
|Independent Director||12.5yrs||US$259.52k||0.0035% $63.8k|
|Independent Director||4.25yrs||US$255.36k||0.0036% $66.0k|
|Independent Director||5.5yrs||US$259.33k||no data|
Experienced Board: FDO's board of directors are considered experienced (5.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Macy's, Inc.'s company bio, employee growth, exchange listings and data sources
- 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
- Macy's, Inc.
- 151 West 34th Street
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|M *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Feb 1992|
|FDO||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 1992|
|M||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 1992|
|MACY||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Feb 1992|
|0JXD||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Feb 1992|
|MACY34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 1 COM USD0.01||BR||BRL||Apr 2016|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/15 21:34|
|End of Day Share Price||2020/07/15 00:00|
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.