TJX Companies Inc

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TJX : NYSE : Services
$69.96 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 4265700.0
06/27/17 - 4:00 PM ET

Financial Analysis


TJX COMPANIES 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. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. TJX COMPANIES INC has weak liquidity. Currently, the Quick Ratio is 0.75 which 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.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)7784.027542.36
EBITDA ($mil)1014.83992.18
EBIT ($mil)842.35835.16
Net Income ($mil)536.28508.35


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)3126.592347.86
Total Assets ($mil)12763.4811704.72
Total Debt ($mil)2228.351615.48
Equity ($mil)4553.524534.97


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin31.1730.86
EBITDA Margin13.0313.15
Operating Margin10.8211.07
Sales Turnover2.622.7
Return on Assets18.2219.74
Return on Equity51.0850.96
Debt Q1 FY17 Q1 FY16
Current Ratio1.641.6
Debt/Capital0.330.26
Interest Expense17.2517.0
Interest Coverage48.8249.13


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)643.28661.08
Div / share0.260.21
EPS0.820.76
Book value / share7.086.86
Institutional Own % n/a n/a
Avg Daily Volume4126413.03802452.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.78 for the Specialty Retail industry and a discount compared to the S&P 500 average of 25.75. To use another comparison, its price-to-book ratio of 9.71 indicates a significant premium versus the S&P 500 average of 3.09 and a significant discount versus the industry average of 21.49. 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, TJX COMPANIES 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
TJX 19.53 Peers 21.78   TJX 12.20 Peers 13.51

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

TJX is trading at a discount to its peers.

 

Average. 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.

TJX is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
TJX 16.42 Peers 18.60   TJX 1.57 Peers 1.65

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

TJX is trading at a valuation on par with its peers.

 

Average. 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.

TJX trades at a valuation on par to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
TJX 9.71 Peers 21.49   TJX 3.22 Peers 12.00

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.

TJX 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, TJX 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
TJX 1.32 Peers 1.45   TJX 5.70 Peers 5.75

Average. 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.

TJX is trading at a valuation on par with its industry on this measurement.

 

Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

TJX is keeping pace with its peers on the basis of sales growth.

 

 

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