M - NYSE
Macy's, Inc.
$21.80
+0.55%Macy's, Inc., an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of January 29, 2022, it operated 725 department stores in the District of Columbia, Puerto Rico, and Guam under the Macy's, Macy's Backstage, Market by Macy's, Bloomingdale's, Bloomingdale's The Outlet, Bloomies, and bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company also operates as a beauty products and spa retailer. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.
At a Glance
Live SnapshotMacy's, Inc. Fair Value Envelope
Owner Earnings Valuation Tool
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Historical Financial Data
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DCF Valuation Summary
Calculation flow from present value to intrinsic value per share
Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.0B | $2.8B | $3.8B | $5.4B | $7.4B | $10.3B | $14.4B | $20.0B | $27.8B | $38.7B |
| Maintenance CapEx | -$103.8M | -$144.3M | -$200.7M | -$279.1M | -$388.2M | -$539.9M | -$750.9M | -$1.0B | -$1.5B | -$2.0B |
| Owner Earnings | $1.9B | $2.6B | $3.6B | $5.1B | $7.1B | $9.8B | $13.6B | $19.0B | $26.4B | $36.7B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $1.7B | $2.2B | $2.9B | $3.7B | $4.8B | $6.2B | $8.0B | $10.3B | $13.2B | $17.0B |
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