NYSE:BIG

Stock Analysis Report

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Executive Summary

Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BIG's weekly volatility has decreased from 14% to 8% over the past year.


Market Performance


7 Day Return

-6.6%

BIG

-3.0%

US Multiline Retail

1.4%

US Market


1 Year Return

82.2%

BIG

42.3%

US Multiline Retail

22.6%

US Market

Return vs Industry: BIG exceeded the US Multiline Retail industry which returned 40.9% over the past year.

Return vs Market: BIG exceeded the US Market which returned 22.8% over the past year.


Shareholder returns

BIGIndustryMarket
7 Day-6.6%-3.0%1.4%
30 Day10.4%6.1%4.9%
90 Day-2.1%12.9%14.6%
1 Year91.4%82.2%44.4%42.3%25.4%22.6%
3 Year-11.4%-21.6%73.9%64.2%46.8%37.0%
5 Year53.3%30.7%124.8%99.8%132.0%106.1%

Long-Term 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

Valuation

Is Big Lots undervalued compared to its fair value and its price relative to the market?

18.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BIG ($48.74) is trading below our estimate of fair value ($60.01)

Significantly Below Fair Value: BIG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BIG is good value based on its PE Ratio (3x) compared to the US Multiline Retail industry average (24.7x).

PE vs Market: BIG is good value based on its PE Ratio (3x) compared to the US market (21.1x).


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 good value based on its PB Ratio (1.4x) compared to the US Multiline Retail industry average (2.8x).


Next Steps

Future Growth

How is Big Lots forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-57.8%

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 (-57.8% per year).

Earnings vs Market: BIG's earnings are forecast to decline over the next 3 years (-57.8% 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 (-3% per year).

High Growth Revenue: BIG's revenue is forecast to decline over the next 3 years (-3% 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 (17.4%).


Next Steps

Past Performance

How has Big Lots performed over the past 5 years?

27.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIG has a high level of non-cash earnings.

Growing Profit Margin: BIG's current net profit margins (10.3%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: BIG's earnings have grown significantly by 27.9% per year over the past 5 years.

Accelerating Growth: BIG's earnings growth over the past year (144.8%) exceeds its 5-year average (27.9% per year).

Earnings vs Industry: BIG earnings growth over the past year (144.8%) exceeded the Multiline Retail industry 35.8%.


Return on Equity

High ROE: BIG's Return on Equity (49.7%) is considered outstanding.


Next Steps

Financial Health

How is Big Lots's financial position?


Financial Position Analysis

Short Term Liabilities: BIG's short term assets ($1.7B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: BIG's short term assets ($1.7B) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: BIG's debt to equity ratio (4.3%) is considered satisfactory.

Reducing Debt: BIG's debt to equity ratio has reduced from 51.5% to 4.3% over the past 5 years.

Debt Coverage: BIG's debt is well covered by operating cash flow (977.1%).

Interest Coverage: BIG's interest payments on its debt are well covered by EBIT (29.9x coverage).


Balance Sheet


Next Steps

Dividend

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

2.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BIG's dividend (2.46%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: BIG's dividend (2.46%) is low compared to the top 25% of dividend payers in the US market (3.86%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.5%), BIG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BIG's dividends in 3 years are forecast to be well covered by earnings (21.1% payout ratio).


Next Steps

Management

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

1.3yrs

Average management tenure


CEO

Bruce Thorn (53 yo)

2.33yrs

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 ($USD6.55M) is above average for companies of similar size in the US market ($USD3.86M).

Compensation vs Earnings: Insufficient data to compare Bruce's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Bruce Thorn
CEO, President & Director2.33yrsUS$6.55m0.58%
$ 10.6m
Jonathan Ramsden
Executive VP1.42yrsUS$1.82m0.16%
$ 2.9m
Ronald Robins
Executive VP5.67yrsUS$1.86m0.15%
$ 2.7m
Michael Schlonsky
Executive Vice President of Human Resources5.42yrsUS$2.03m0.21%
$ 3.9m
Stewart Wenerstrom
Senior VP & Chief Technology Officer1yrno datano data
Andrew Regrut
Vice President of Investor Relationsno datano datano data
Joice Wirkus
Senior Vice President of Marketing1yrno datano data
Nicholas Padovano
Senior Vice President of Store Operations7yrsno data0.084%
$ 1.5m
Andrej Mueller
Executive VP of Business Strategy & Chief Customer Officer1.25yrsno data0.11%
$ 2.0m
Eddie Burt
Senior Vice President of Supply Chain1yrno datano data
Jack Pestello
Executive VP & Chief Merchandising Officer0.50yrno datano data

1.3yrs

Average Tenure

53yo

Average Age

Experienced Management: BIG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bruce Thorn
CEO, President & Director2.33yrsUS$6.55m0.58%
$ 10.6m
Christopher McCormick
Independent Director2.5yrsUS$273.74k0.034%
$ 617.9k
Andrew Clarke
Independent Director0.75yrno data0.011%
$ 204.4k
Marla Gottschalk
Independent Director5.67yrsUS$291.99k0.059%
$ 1.1m
Cynthia Jamison
Independent Director5.67yrsUS$281.24k0.043%
$ 772.7k
Nancy Reardon
Independent Director5.67yrsUS$277.99k0.043%
$ 772.7k
James Chambers
Independent Non-Executive Chairmanno dataUS$399.97k0.095%
$ 1.7m
Thomas Kingsbury
Independent Director0.58yrno data0.011%
$ 204.4k
Wendy Schoppert
Independent Director5.67yrsUS$279.59k0.023%
$ 419.1k
Sebastian DiGrande
Independent Director2.5yrsUS$283.74k0.034%
$ 617.9k

2.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BIG's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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$1.809b
  • Shares outstanding: 37.11m
  • Website: https://www.biglots.com

Number of Employees


Location

  • Big Lots, Inc.
  • 4900 East Dublin Granville Road
  • Columbus
  • Ohio
  • 43081
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BIGNYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 1985
4B3DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1985
0HN5LSE (London Stock Exchange)YesCommon SharesGBUSDJun 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 upholster...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 00:36
End of Day Share Price2021/01/21 00:00
Earnings2020/10/31
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.