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Macy s, Inc. (the Company , we , us or our ) is a premier omnichannel retail organization that operates 665 stores, websites and mobile applications under three iconic brands: Macy's, Bloomingdale's and Bluemercury. The Company sells a wide range of merchandise, including apparel and accessories, cosmetics, home furnishings and other consumer goods and operates across a broad spectrum that span…
$21.76
$0.69 (-3.07%)
Price from 5 days ago
Operating margin is thin at 4.55%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.7% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $4.32B represents 4.1x FCF, leverage limits flexibility.
9.4x earnings, 5.7x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$22.62B
▼ -1.7% YoY
Net Income (TTM)
$642M
▲ +10.3% YoY
Op. Margin
4.55%
▲ +0.6pp YoY
ROIC
7.82%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.06B
▲ +39.1% YoY
Op. Cash Flow (TTM)
$1.43B
▲ +11.9% YoY
Net Debt
$4.32B
Cash & Equiv.
$1.25B
5Y CAGR: +5.5%
5Y CAGR: +27.7%
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