M : NYSE : Services
$23.44 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 7279400.0
05/26/17 - 4:00 PM ET

Financial Analysis


MACY'S INC's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the industry, the revenue growth did not. MACY'S INC has very weak liquidity. Currently, the Quick Ratio is 0.28 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.56% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)5338.05771.0
EBITDA ($mil)463.0549.0
EBIT ($mil)220.0289.0
Net Income ($mil)71.0116.0


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)1201.0734.0
Total Assets ($mil)19641.020198.0
Total Debt ($mil)6725.07632.0
Equity ($mil)4302.04154.0


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin38.0739.07
EBITDA Margin8.679.51
Operating Margin4.125.01
Sales Turnover1.291.32
Return on Assets2.924.92
Return on Equity13.3423.95
Debt Q1 FY17 Q1 FY16
Current Ratio1.351.38
Debt/Capital0.610.65
Interest Expense0.099.0
Interest Coverage0.02.92


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)304.5308.4
Div / share0.380.36
EPS0.230.37
Book value / share14.1313.47
Institutional Own % n/a n/a
Avg Daily Volume7336853.08567464.0

Valuation


HOLD. This stock's P/E ratio indicates a discount compared to an average of 15.99 for the Multiline Retail industry and a significant discount compared to the S&P 500 average of 25.54. To use another comparison, its price-to-book ratio of 1.65 indicates a discount versus the S&P 500 average of 3.06 and a significant discount versus the industry average of 3.38. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, MACY'S INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
M 12.63 Peers 15.99   M 3.50 Peers 8.05

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

M is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

M is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
M 8.27 Peers 14.67   M 0.18 Peers 11.87

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

M is trading at a significant discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

M trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
M 1.65 Peers 3.38   M -40.33 Peers 12.38

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

M is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, M is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
M 0.28 Peers 0.65   M -4.79 Peers 3.42

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

M is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

M significantly trails its peers on the basis of sales growth

 

 

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