THE TJX COMPANIES |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 107.1 USD | -0.22% |
|
+1.14% | +14.15% |
| Jun. 07 | Off-price retailer TJX partners with Mexico's Grupo Axo | RE |
| Jun. 07 | TJX Companies Enters Joint Venture With Mexico's Grupo Axo to Operate 200 Mexico Stores | MT |
Valuation
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 72,480 | 80,118 | 83,275 | 93,041 | 111,130 | 121,016 | - | - |
| Enterprise Value (EV) 1 | 71,500 | 75,731 | 80,403 | 93,041 | 108,392 | 118,521 | 118,368 | 117,885 |
| P/E ratio | 22.6 x | 953 x | 25.9 x | 27.1 x | 25.3 x | 25.8 x | 23.4 x | 20.5 x |
| Yield | 1.53% | 0.39% | 1.49% | - | 1.36% | 1.37% | 1.47% | 1.61% |
| Capitalization / Revenue | 1.74 x | 2.49 x | 1.72 x | 1.86 x | 2.05 x | 2.16 x | 2.04 x | 1.92 x |
| EV / Revenue | 1.71 x | 2.36 x | 1.66 x | 1.86 x | 2 x | 2.11 x | 2 x | 1.87 x |
| EV / EBITDA | 13.5 x | 52.1 x | 14.3 x | 16.2 x | 16 x | 16.4 x | 15.1 x | 13.7 x |
| EV / FCF | 25.1 x | 19 x | 39.9 x | - | 25 x | 30.5 x | 26.1 x | 25.3 x |
| FCF Yield | 3.98% | 5.27% | 2.5% | - | 4% | 3.28% | 3.83% | 3.95% |
| Price to Book | 12.4 x | 13.9 x | 14.1 x | - | 15.1 x | 14.5 x | 12.4 x | 11.1 x |
| Nbr of stocks (in thousands) | 1,203,184 | 1,200,631 | 1,192,878 | 1,155,504 | 1,139,677 | 1,130,149 | - | - |
| Reference price 2 | 60.24 | 66.73 | 69.81 | 80.52 | 97.51 | 107.1 | 107.1 | 107.1 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 41,717 | 32,137 | 48,550 | 49,936 | 54,217 | 56,049 | 59,234 | 63,057 |
| EBITDA 1 | 5,284 | 1,453 | 5,623 | 5,747 | 6,761 | 7,205 | 7,840 | 8,590 |
| EBIT 1 | 4,416 | 582.2 | 4,755 | 4,860 | 5,797 | 6,150 | 6,733 | 7,452 |
| Operating Margin | 10.59% | 1.81% | 9.79% | 9.73% | 10.69% | 10.97% | 11.37% | 11.82% |
| Earnings before Tax (EBT) 1 | 4,406 | 89.26 | 4,398 | 4,636 | 5,967 | 6,330 | 6,887 | 7,629 |
| Net income 1 | 3,272 | 90.47 | 3,283 | 3,498 | 4,474 | 4,726 | 5,133 | 5,687 |
| Net margin | 7.84% | 0.28% | 6.76% | 7% | 8.25% | 8.43% | 8.67% | 9.02% |
| EPS 2 | 2.670 | 0.0700 | 2.700 | 2.970 | 3.860 | 4.154 | 4.578 | 5.211 |
| Free Cash Flow 1 | 2,844 | 3,994 | 2,013 | - | 4,335 | 3,888 | 4,534 | 4,654 |
| FCF margin | 6.82% | 12.43% | 4.15% | - | 8% | 6.94% | 7.66% | 7.38% |
| FCF Conversion (EBITDA) | 53.82% | 274.87% | 35.79% | - | 64.12% | 53.97% | 57.84% | 54.18% |
| FCF Conversion (Net income) | 86.9% | 4,414.61% | 61.31% | - | 96.89% | 82.28% | 88.34% | 81.83% |
| Dividend per Share 2 | 0.9200 | 0.2600 | 1.040 | - | 1.330 | 1.467 | 1.570 | 1.725 |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,854 | 11,406 | 11,843 | 12,166 | 14,520 | 11,783 | 12,758 | 13,265 | 16,411 | 12,479 | 13,316 | 13,854 | 16,378 | 13,215 | 14,127 |
| EBITDA 1 | 1,484 | 1,308 | 1,315 | 1,577 | 1,547 | 1,403 | 1,600 | 1,793 | 2,041 | 1,604 | 1,613 | 1,899 | 2,011 | 1,717 | 1,792 |
| EBIT 1 | 1,264 | 1,089 | 1,097 | 1,359 | 1,316 | 1,171 | 1,289 | 1,548 | 1,789 | 1,340 | 1,370 | 1,655 | 1,749 | 1,452 | 1,529 |
| Operating Margin | 9.12% | 9.54% | 9.26% | 11.17% | 9.06% | 9.94% | 10.1% | 11.67% | 10.9% | 10.74% | 10.28% | 11.94% | 10.68% | 10.99% | 10.82% |
| Earnings before Tax (EBT) 1 | 1,243 | 852.3 | 1,086 | 1,359 | 1,339 | 1,208 | 1,327 | 1,589 | 1,843 | 1,390 | 1,415 | 1,691 | 1,794 | 1,494 | 1,551 |
| Net income 1 | 940.2 | 587.5 | 809.3 | 1,063 | 1,038 | 891 | 989 | 1,191 | 1,403 | 1,070 | 1,044 | 1,253 | 1,331 | 1,110 | 1,158 |
| Net margin | 6.79% | 5.15% | 6.83% | 8.74% | 7.15% | 7.56% | 7.75% | 8.98% | 8.55% | 8.57% | 7.84% | 9.04% | 8.12% | 8.4% | 8.2% |
| EPS 2 | 0.7800 | 0.4900 | 0.6900 | 0.9100 | 0.8900 | 0.7600 | 0.8500 | 1.030 | 1.220 | 0.9300 | 0.9213 | 1.102 | 1.195 | 0.9933 | 1.038 |
| Dividend per Share 2 | 0.2600 | 0.2950 | 0.2950 | 0.2950 | - | 0.3325 | 0.3325 | 0.3325 | 0.3325 | - | 0.3742 | 0.3742 | 0.3742 | 0.3916 | 0.4009 |
| Announcement Date | 2/23/22 | 5/18/22 | 8/17/22 | 11/16/22 | 2/22/23 | 5/17/23 | 8/16/23 | 11/15/23 | 2/28/24 | 5/22/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 980 | 4,387 | 2,872 | - | 2,738 | 2,495 | 2,648 | 3,131 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,844 | 3,994 | 2,013 | - | 4,335 | 3,888 | 4,534 | 4,654 |
| ROE (net income / shareholders' equity) | 59.5% | 5.36% | 55.5% | - | 65.5% | 60.5% | 58.9% | 59.4% |
| ROA (Net income/ Total Assets) | 17% | 1.15% | 11.1% | - | 15.4% | 15.5% | 16.3% | 17% |
| Assets 1 | 19,236 | 7,872 | 29,638 | - | 29,048 | 30,425 | 31,472 | 33,359 |
| Book Value Per Share 2 | 4.850 | 4.800 | 4.940 | - | 6.440 | 7.390 | 8.660 | 9.610 |
| Cash Flow per Share 2 | 3.320 | 3.760 | 2.520 | - | 5.230 | 4.880 | 5.630 | 5.970 |
| Capex 1 | 1,223 | 568 | 1,045 | - | 1,722 | 1,916 | 1,912 | 1,932 |
| Capex / Sales | 2.93% | 1.77% | 2.15% | - | 3.18% | 3.42% | 3.23% | 3.06% |
| Announcement Date | 2/26/20 | 2/24/21 | 2/23/22 | 2/22/23 | 2/28/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
25
Last Close Price
107.1
USD
Average target price
113.1
USD
Spread / Average Target
+5.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.15% | 121B | |
| -22.82% | 23.57B | |
| +7.80% | 2.48B |
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- Financials The TJX Companies
