Macy's, Inc. (M) Discounted Future Market Cap - Discounting Cash Flows
M
Macy's, Inc.
M (NYSE)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Discounted Future Market Cap

This model estimates the intrinsic value of a common share by projecting the Future Market Capitalization using the estimated PE Ratio and then discounting it to the Present using an Annual Required Rate of Return.

Interactive Assumptions

Discount Rate

Discount Rate

Discount Rate = Cost of Equity = Risk Free Rate + Beta * Market Premium

The cost of equity is the theoretical rate of return that an equity investment should generate. It is calculated using the CAPM formula.

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↳ Beta

Beta

Beta is a value that measures the price fluctuations (volatility) of a stock with respect to fluctuations in the overall stock market.

↳ Risk Free Rate

Risk-Free Rate

The risk-free rate represents the interest an investor would expect from an absolutely risk-free investment over a specified period of time. By default, it is equal to the current yield of the U.S. 10 Year Treasury Bond.

↳ Market Premium

Market Premium

Market risk premium represents the excess returns over the risk-free rate that investors expect for taking on the incremental risks connected to the equities market.

Pe Ratio

Price to Earnings (PE) Ratio

Estimated Price to Earnings (PE) Ratio at the end of the projection period.

Future Market Cap = PE Ratio * Projected Net Income

Revenue Growth Rate

Revenue Growth Rate

The annual revenue growth rate is applied to projected revenue starting from the second projection year onward.

Net Income Margin

Net Income Margin

Net Income expressed as a percentage of Revenue.

Historical Years

Historical Years

The number of historical years used to calculate averages for historical data.

Projection Years

Projection Years

The number of years for projecting the analysis into the future.

Results

Present Value 3.24 USD
Estimated net income 254.5 Mil. USD
Estimated market capitalization 1.59 Bil. USD
Market capitalization discounted to present 898.8 Mil. USD
Shares Outstanding 277.6 Mil.
Earnings Per Share (EPS) 2.01 USD
Market Price 12.54 USD
Price to Earnings (PE) Ratio 6.24

Historical and forecasted data

Monetary values are in USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Revenue 23,006 22,799 22,459 22,459 22,459 22,459 22,459
Revenue Growth Rate -3.6% -0.9% -2.38% 0% 0% 0% 0%
Net Income 582 558 254.5 254.5 254.5 254.5 254.5

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 24,452 22,799 23,006 23,866 25,449 25,399 18,097 25,331 25,739 25,641 26,564 27,079
Cost of Revenue 14,715 13,588 13,740 14,224 15,347 14,956 12,286 15,171 15,215 15,181 15,666 16,496
Gross Profit 9,736 9,211 9,266 9,642 10,102 10,443 5,811 10,160 10,524 10,460 10,898 10,583
Gross Margin 39.63% 40.4% 40.28% 40.4% 39.7% 41.12% 32.11% 40.11% 40.89% 40.79% 41.03% 39.08%
Operating Income 875.9 879 909 301 1,689 2,350 -4,475 970 1,738 1,864 1,371 2,039
Operating Margin 2.8% 3.85% 3.95% 1.26% 6.64% 9.25% -24.73% 3.83% 6.75% 7.27% 5.16% 7.53%
Net Income 432.2 558 582 45 1,146 1,430 -3,944 564 1,108 1,566 627 1,072
Net Margin 1.13% 2.45% 2.53% 0.189% 4.5% 5.63% -21.79% 2.23% 4.3% 6.11% 2.36% 3.96%

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 24,452 22,799 23,006 23,866 25,449 25,399 18,097 25,331 25,739 25,641 26,564 27,079
Revenue Growth Rate -0.815% -0.9% -3.6% -6.22% 0.197% 40.35% -28.56% -1.58% 0.382% -3.48% -1.9% -3.65%
Net Income 432.2 558 582 45 1,146 1,430 -3,944 564 1,108 1,566 627 1,072
Net Margin 1.13% 2.45% 2.53% 0.189% 4.5% 5.63% -21.79% 2.23% 4.3% 6.11% 2.36% 3.96%
Net Income Growth Rate 12.5% -4.12% 1,193% -96.07% -19.86% -136.3% -799.3% -49.1% -29.25% 149.8% -41.51% -29.75%
Stockholders Equity 4,587 4,451 4,552 4,137 4,082 3,621 2,553 6,377 6,436 5,673 4,323 4,250
Equity Growth Rate 2.57% -2.22% 10.03% 1.35% 12.73% 41.83% -59.97% -0.917% 13.45% 31.23% 1.72% -20.97%
Return on Invested Capital (ROIC) 5.17% 6.21% 6.56% 2.92% 11.76% 17.21% -34.53% 5.1% 10.5% 14.88% 6.81% 9.46%
After-tax Operating Income 662.8 668.2 693.4 315 1,310 1,801 -3,685 751.5 1,344 1,912 879.4 1,300
Income Tax Rate 20.11% 23.98% 23.72% -4.65% 22.41% 23.37% 17.66% 22.53% 22.68% -2.57% 35.85% 36.23%
Invested Capital 11,948 10,770 10,572 10,782 11,143 10,462 10,670 14,737 12,800 12,851 12,907 13,739
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