Big Lots
Market Cap
US$1.5b
Last Updated
2020/06/03 02:11 UTC
Data Sources
Company Financials +
Executive Summary
Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -19.1% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Solid track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has Big Lots's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BIG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.3%
BIG
4.4%
US Multiline Retail
1.7%
US Market
1 Year Return
35.8%
BIG
17.2%
US Multiline Retail
8.5%
US Market
Return vs Industry: BIG exceeded the US Multiline Retail industry which returned 17.2% over the past year.
Return vs Market: BIG exceeded the US Market which returned 8.5% over the past year.
Shareholder returns
| BIG | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | 4.4% | 1.7% |
| 30 Day | 49.6% | 12.2% | 9.5% |
| 90 Day | 124.9% | 13.5% | 0.1% |
| 1 Year | 44.3%35.8% | 19.7%17.2% | 11.0%8.5% |
| 3 Year | -15.3%-24.1% | 80.7%69.2% | 32.2%23.5% |
| 5 Year | -7.3%-20.0% | 37.1%19.5% | 58.6%40.8% |
Price Volatility Vs. Market
How volatile is Big Lots's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
How Does Big Lots's (NYSE:BIG) P/E Compare To Its Industry, After The Share Price Drop?2 months ago | Simply Wall St
Big Lots, Inc. (NYSE:BIG) Passed Our Checks, And It's About To Pay A US$0.30 Dividend3 months ago | Simply Wall St
Big Lots, Inc. Just Reported Earnings, And Analysts Cut Their Target PriceValuation
Is Big Lots undervalued compared to its fair value and its price relative to the market?
5.28x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BIG ($37.36) is trading above our estimate of fair value ($25.96)
Significantly Below Fair Value: BIG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BIG is good value based on its PE Ratio (5.3x) compared to the Multiline Retail industry average (24.7x).
PE vs Market: BIG is good value based on its PE Ratio (5.3x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: BIG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BIG is overvalued based on its PB Ratio (1.7x) compared to the US Multiline Retail industry average (0.7x).
Next Steps
Future Growth
How is Big Lots forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-19.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BIG's earnings are forecast to decline over the next 3 years (-19.1% per year).
Earnings vs Market: BIG's earnings are forecast to decline over the next 3 years (-19.1% per year).
High Growth Earnings: BIG's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BIG's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: BIG's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BIG's Return on Equity is forecast to be low in 3 years time (13.5%).
Next Steps
Past Performance
How has Big Lots performed over the past 5 years?
9.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BIG has a large one-off gain of $195.9M impacting its May 2 2020 financial results.
Growing Profit Margin: BIG's current net profit margins (5.1%) are higher than last year (2.7%).
Past Earnings Growth Analysis
Earnings Trend: BIG's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: BIG's earnings growth over the past year (95.4%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: BIG earnings growth over the past year (95.4%) exceeded the Multiline Retail industry -6.6%.
Return on Equity
High ROE: BIG's Return on Equity (31.3%) is considered high.
Next Steps
Financial Health
How is Big Lots's financial position?
Financial Position Analysis
Short Term Liabilities: BIG's short term assets ($1.2B) exceed its short term liabilities ($804.9M).
Long Term Liabilities: BIG's short term assets ($1.2B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: BIG's debt to equity ratio (49.4%) is considered high.
Reducing Debt: BIG's debt to equity ratio has increased from 5.6% to 49.4% over the past 5 years.
Debt Coverage: BIG's debt is well covered by operating cash flow (97.9%).
Interest Coverage: BIG's interest payments on its debt are well covered by EBIT (11.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Big Lots's current dividend yield, its reliability and sustainability?
3.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BIG's dividend (3.21%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: BIG's dividend (3.21%) is low compared to the top 25% of dividend payers in the US market (4.48%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BIG has been paying a dividend for less than 10 years.
Growing Dividend: BIG's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17%), BIG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BIG's dividends in 3 years are forecast to be well covered by earnings (29.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Bruce Thorn (52yo)
1.75yrs
Tenure
US$6,547,830
Compensation
Mr. Bruce K. Thorn has been Chief Executive Officer, President and Director of Big Lots, Inc. since September, 2018. He had been President of Tailored Brands, Inc. since March 22, 2017 until 2018 and its C ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD6.55M) is above average for companies of similar size in the US market ($USD4.77M).
Compensation vs Earnings: Insufficient data to compare Bruce's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.75yrs | US$6.55m | 0.084% $1.2m | |
| Executive VP | 0.83yr | US$1.82m | no data | |
| Executive VP and Chief Merchandising & Operating Officer | 4.83yrs | US$3.09m | 0.25% $3.6m | |
| Executive VP | 5.08yrs | US$1.86m | 0.063% $927.0k | |
| Executive Vice President of Human Resources | 4.83yrs | US$2.03m | 0.17% $2.4m | |
| Senior VP & Chief Technology Officer | 0.42yr | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Customer Officer | 2.33yrs | no data | 0.035% $519.0k | |
| Senior Vice President of Store Operations | 6.42yrs | no data | 0.080% $1.2m | |
| Executive Vice President of Business Strategy | 0.67yr | no data | 0.11% $1.6m |
2.3yrs
Average Tenure
53yo
Average Age
Experienced Management: BIG's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.75yrs | US$6.55m | 0.084% $1.2m | |
| Independent Director | 1.92yrs | US$273.74k | 0.0075% $110.4k | |
| Independent Director | 0.17yr | no data | no data | |
| Independent Director | 5.08yrs | US$291.99k | 0.031% $454.9k | |
| Independent Director | 5.08yrs | US$281.24k | 0.026% $385.7k | |
| Independent Director | 5.08yrs | US$277.99k | 0.026% $385.7k | |
| Independent Director | 13.83yrs | US$273.99k | 0.027% $397.5k | |
| Independent Non-Executive Chairman | no data | US$399.97k | 0.055% $809.0k | |
| Independent Director | 5.08yrs | US$279.59k | 0.026% $385.7k | |
| Independent Director | 1.92yrs | US$283.74k | 0.0075% $110.4k |
5.1yrs
Average Tenure
58.5yo
Average Age
Experienced Board: BIG's board of directors are considered experienced (5.1 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
Big Lots, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Big Lots, Inc.
- Ticker: BIG
- Exchange: NYSE
- Founded: 1967
- Industry: General Merchandise Stores
- Sector: Retail
- Market Cap: US$1.466b
- Shares outstanding: 39.23m
- Website: https://www.biglots.com
Number of Employees
Location
- Big Lots, Inc.
- 4900 East Dublin Granville Road
- Columbus
- Ohio
- 43081
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BIG | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jun 1985 |
| 4B3 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 1985 |
| 0HN5 | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jun 1985 |
Biography
Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments. It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, chemical, and pet departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and electronics, toys, and accessories category consisting of electronics, toys, jewelry, and hosiery departments. As of February 1, 2020, it operated 1,404 stores in 47 states and an e-commerce platform. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 02:11 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2020/05/02 |
| Annual Earnings | 2020/02/01 |
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.