| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
M Stock Overview
Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands.
Macy's Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$22.94 |
| 52 Week High | US$37.95 |
| 52 Week Low | US$12.00 |
| Beta | 2.06 |
| 1 Month Change | -7.76% |
| 3 Month Change | -13.73% |
| 1 Year Change | 78.11% |
| 3 Year Change | -10.07% |
| 5 Year Change | -21.20% |
| Change since IPO | 165.97% |
Recent News & Updates
Here's What To Make Of Macy's' (NYSE:M) Decelerating Rates Of Return
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Is Macy's (NYSE:M) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Macy's: Why I See 70% Upside Potential
My target price for Macy's is $46.9 based on my estimates and a reasonable valuation multiple. The important fourth quarter will give free cash flow a boost. Macy's still trades below its average valuation of the past 10 years.
Shareholder Returns
| M | US Multiline Retail | US Market | |
|---|---|---|---|
| 7D | -11.9% | -3.6% | -4.0% |
| 1Y | 78.1% | 7.9% | 6.6% |
Return vs Industry: M exceeded the US Multiline Retail industry which returned 7.9% over the past year.
Return vs Market: M exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| M volatility | |
|---|---|
| M Average Weekly Movement | 9.6% |
| Multiline Retail Industry Average Movement | 7.9% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: M is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: M's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1830 | 75,711 | Jeff Gennette | https://www.macysinc.com |
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 January 30, 2021, the company operated 727 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam.
Macy's Fundamentals Summary
| M fundamental statistics | |
|---|---|
| Market Cap | US$6.87b |
| Earnings (TTM) | US$847.00m |
| Revenue (TTM) | US$23.40b |
8.1x
P/E Ratio0.3x
P/S RatioIs M overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| M income statement (TTM) | |
|---|---|
| Revenue | US$23.40b |
| Cost of Revenue | US$14.25b |
| Gross Profit | US$9.15b |
| Expenses | US$8.31b |
| Earnings | US$847.00m |
Last Reported Earnings
Oct 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.83 |
| Gross Margin | 39.11% |
| Net Profit Margin | 3.62% |
| Debt/Equity Ratio | 114.2% |
How did M perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield6%
Payout RatioValuation
Is Macy's undervalued compared to its fair value and its price relative to the market?
31.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: M ($22.94) is trading below our estimate of fair value ($33.68)
Significantly Below Fair Value: M is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: M is good value based on its PE Ratio (8.1x) compared to the US Multiline Retail industry average (15.7x).
PE vs Market: M is good value based on its PE Ratio (8.1x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: M's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: M is good value based on its PB Ratio (2.3x) compared to the US Multiline Retail industry average (2.9x).
Future Growth
How is Macy's forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-8.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: M's earnings are forecast to decline over the next 3 years (-8.9% per year).
Earnings vs Market: M's earnings are forecast to decline over the next 3 years (-8.9% per year).
High Growth Earnings: M's earnings are forecast to decline over the next 3 years.
Revenue vs Market: M's revenue (1% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: M's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: M's Return on Equity is forecast to be low in 3 years time (18.2%).
Past Performance
How has Macy's performed over the past 5 years?
-40.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M has high quality earnings.
Growing Profit Margin: M became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: M's earnings have declined by 40.8% per year over the past 5 years.
Accelerating Growth: M has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: M has become profitable in the last year, making it difficult to compare its past year earnings growth to the Multiline Retail industry (-4%).
Return on Equity
High ROE: Whilst M's Return on Equity (28.16%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Macy's's financial position?
Financial Position Analysis
Short Term Liabilities: M's short term assets ($7.6B) exceed its short term liabilities ($6.7B).
Long Term Liabilities: M's short term assets ($7.6B) do not cover its long term liabilities ($8.6B).
Debt to Equity History and Analysis
Debt Level: M's net debt to equity ratio (103.7%) is considered high.
Reducing Debt: M's debt to equity ratio has reduced from 196% to 114.2% over the past 5 years.
Debt Coverage: M's debt is well covered by operating cash flow (36.3%).
Interest Coverage: M's interest payments on its debt are well covered by EBIT (5.5x coverage).
Balance Sheet
Dividend
What is Macy's current dividend yield, its reliability and sustainability?
2.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: M's dividend (2.62%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: M's dividend (2.62%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: M's dividend payments have been volatile in the past 10 years.
Growing Dividend: M's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (5.5%), M's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: M's dividends in 3 years are forecast to be well covered by earnings (22.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Jeff Gennette (60 yo)
4.83yrs
Tenure
US$11,083,293
Compensation
Mr. Jeffrey Gennette, also known as Jeff, has been the Chairman since January 2018 and Chief Executive Officer since March 2017 of Macy's, Inc. (formerly known as Federated Department Stores, Inc.) and ser...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD11.08M) is above average for companies of similar size in the US market ($USD6.45M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: M's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: M's board of directors are considered experienced (6.9 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 employee growth, exchange listings and data sources
Key Information
- Name: Macy's, Inc.
- Ticker: M
- Exchange: NYSE
- Founded: 1830
- Industry: Department Stores
- Sector: Retail
- Implied Market Cap: US$6.865b
- Shares outstanding: 299.27m
- Website: https://www.macysinc.com
Number of Employees
Location
- Macy's, Inc.
- 151 West 34th Street
- New York
- New York
- 10001
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:37 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/10/30 |
| Annual Earnings | 2021/01/30 |
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.