TJX Companies
Market Cap
US$68.9b
Last Updated
2020/08/12 00:43 UTC
Data Sources
Company Financials +
Executive Summary
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has TJX Companies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TJX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.4%
TJX
4.9%
US Specialty Retail
1.2%
US Market
1 Year Return
11.8%
TJX
15.8%
US Specialty Retail
16.8%
US Market
Return vs Industry: TJX underperformed the US Specialty Retail industry which returned 14.2% over the past year.
Return vs Market: TJX underperformed the US Market which returned 16.4% over the past year.
Shareholder returns
| TJX | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.4% | 4.9% | 1.2% |
| 30 Day | 14.2% | 14.4% | 4.9% |
| 90 Day | 28.5% | 31.8% | 20.0% |
| 1 Year | 12.7%11.8% | 17.1%15.8% | 19.3%16.8% |
| 3 Year | 67.4%60.7% | 68.8%61.5% | 43.7%34.4% |
| 5 Year | 64.6%53.6% | 33.7%23.4% | 75.5%56.6% |
Price Volatility Vs. Market
How volatile is TJX Companies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall St
How Does TJX Companies's (NYSE:TJX) P/E Compare To Its Industry, After The Share Price Drop?4 months ago | Simply Wall St
Here's Why We Think TJX Companies (NYSE:TJX) Is Well Worth Watching5 months ago | Simply Wall St
A Look At The Fair Value Of The TJX Companies, Inc. (NYSE:TJX)Valuation
Is TJX Companies undervalued compared to its fair value and its price relative to the market?
41.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TJX ($56.52) is trading above our estimate of fair value ($42.98)
Significantly Below Fair Value: TJX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TJX is poor value based on its PE Ratio (40.4x) compared to the US Specialty Retail industry average (19x).
PE vs Market: TJX is poor value based on its PE Ratio (40.4x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TJX is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: TJX is overvalued based on its PB Ratio (14.3x) compared to the US Specialty Retail industry average (1.4x).
Next Steps
Future Growth
How is TJX Companies forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
35.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TJX's forecast earnings growth (36.9% per year) is above the savings rate (2.2%).
Earnings vs Market: TJX's earnings (36.9% per year) are forecast to grow faster than the US market (23.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TJX's revenue (11.1% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: TJX's revenue (11.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TJX's Return on Equity is forecast to be very high in 3 years time (49.8%).
Next Steps
Past Performance
How has TJX Companies performed over the past 5 years?
6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TJX has a high level of non-cash earnings.
Growing Profit Margin: TJX's current net profit margins (4.6%) are lower than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: TJX's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: TJX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TJX had negative earnings growth (-44.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (-23.3%).
Return on Equity
High ROE: Whilst TJX's Return on Equity (35.54%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is TJX Companies's financial position?
Financial Position Analysis
Short Term Liabilities: TJX's short term assets ($10.3B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: TJX's short term assets ($10.3B) do not cover its long term liabilities ($16.0B).
Debt to Equity History and Analysis
Debt Level: TJX's debt to equity ratio (151.8%) is considered high.
Reducing Debt: TJX's debt to equity ratio has increased from 36.3% to 151.8% over the past 5 years.
Debt Coverage: TJX's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: TJX's interest payments on its debt are well covered by EBIT (66.2x coverage).
Balance Sheet
Next Steps
Dividend
What is TJX Companies's current dividend yield, its reliability and sustainability?
1.53%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TJX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TJX'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 TJX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TJX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TJX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TJX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Ernie Herrman (59 yo)
4.58yrs
Tenure
US$19,083,676
Compensation
Mr. Ernie L. Herrman has been the President of The TJX Companies, Inc. since January 2011 and has been its Chief Executive Officer since January 31, 2016 and Director since October 7, 2015. Mr. Herrman ser ...
CEO Compensation Analysis
Compensation vs Market: Ernie's total compensation ($USD19.08M) is above average for companies of similar size in the US market ($USD11.30M).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.17yrs | US$10.50m | 0.029% $ 20.0m | |
| CEO, President & Director | 4.58yrs | US$19.08m | 0.049% $ 33.6m | |
| Senior EVP & CFO | 8.58yrs | US$6.67m | 0.0072% $ 4.9m | |
| Senior EVP & Group President | 8.58yrs | US$7.60m | 0.0076% $ 5.2m | |
| Senior EVP & Group President | 5.92yrs | US$5.60m | 0.012% $ 8.3m | |
| Founder & Executive Advisor | no data | US$439.50k | no data | |
| Executive VP | no data | no data | no data | |
| Senior Vice President of Global Communications | no data | no data | no data | |
| Senior EVP & Group President | 2.5yrs | no data | 0.012% $ 8.2m | |
| Senior Vice President of Treasury | no data | no data | no data | |
| Senior VP & Treasurer | no data | no data | no data |
5.9yrs
Average Tenure
63yo
Average Age
Experienced Management: TJX's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.17yrs | US$10.50m | 0.029% $ 20.0m | |
| CEO, President & Director | 4.58yrs | US$19.08m | 0.049% $ 33.6m | |
| Independent Director | 13.17yrs | US$299.00k | 0.0014% $ 964.5k | |
| Independent Director | 3.75yrs | US$268.00k | 0.00017% $ 117.1k | |
| Independent Director | 24.58yrs | US$278.80k | 0.011% $ 7.4m | |
| Independent Director | 25.58yrs | US$278.00k | 0.0034% $ 2.4m | |
| Lead Independent Director | 1.58yrs | US$322.41k | 0.00080% $ 551.1k | |
| Independent Director | 14.83yrs | US$283.00k | 0.0025% $ 1.7m | |
| Independent Director | 1.92yrs | US$275.00k | 0.00051% $ 351.3k | |
| Independent Director | 13.17yrs | US$286.00k | 0.0018% $ 1.2m | |
| Independent Director | 8.58yrs | US$266.00k | 0.0023% $ 1.6m |
8.6yrs
Average Tenure
67yo
Average Age
Experienced Board: TJX's board of directors are considered experienced (8.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TJX insiders have sold more shares than they have bought 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
The TJX Companies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: The TJX Companies, Inc.
- Ticker: TJX
- Exchange: NYSE
- Founded:
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: US$68.890b
- Shares outstanding: 1.20b
- Website: https://www.tjx.com
Number of Employees
Location
- The TJX Companies, Inc.
- 770 Cochituate Road
- Framingham
- Massachusetts
- 1701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TJX | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1968 |
| TJX | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1968 |
| TJX * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1968 |
| 0LCE | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1968 |
| TJX | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | Jan 1968 |
| TJXC | WBAG (Wiener Boerse AG) | Yes | Common Shares | AT | EUR | Jan 1968 |
| TJXC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REP 1 COM USD1 | BR | BRL | May 2019 |
Biography
The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX Internationa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/12 00:43 |
| End of Day Share Price | 2020/08/11 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.