Macy's, Inc. (M) Two-Stage Dividend Discount Model - Discounting Cash Flows
Macy's, Inc.
M (NYSE)

Estimated Value

USD

Market Price USD

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

Two-Stage Dividend Discount Model

Used to estimate the value of companies based on two stages of growth. An initial period of high growth, calculated using [Sum of Discounted Dividends], followed by a period of stable growth, calculated using [Discounted Terminal Value].

Read more: GitHub Documentation

Interactive Assumptions

Results

Sum of discounted dividends 0.391 USD
Discounted terminal value 1.34 USD
Terminal value 2.35 USD
Dividend in stable phase 0.179 USD
EPS in stable phase 0.259 USD
Average historical Dividend Growth Rate 4.75%
Average historical Payout Ratio 48.3%
Average historical Return on Equity 13.86%

Historical and Projected Dividends

In USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Earnings Per Share 2.1 2.01 0.206 0.216 0.226 0.237 0.248
Dividend per Share 0.695 0.712 0.099 0.104 0.109 0.114 0.12
Dividend Growth Rate 4.98% 2.45% -85.68% 4.75% 4.75% 4.75% 4.75%
Discounted Dividend 0.695 0.712 0.089 0.083 0.078 0.073 0.068

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 432.2 558 582 45 1,146 1,430 -3,944 564 1,108 1,566 627 1,072
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
Return on Equity 13.86% 12.26% 14.07% 1.1% 31.65% 56.01% -61.85% 8.76% 19.53% 36.22% 14.75% 19.93%
Common Dividends 297 197.7 195.4 181.5 173.1 92.04 117.6 467.6 464.6 461.2 459.7 456.5
Payout Ratio 48.3% 35.42% 33.1% 174.2% 14.72% 6.44% -2.98% 82.97% 41.94% 29.43% 73.4% 42.64%
Shares Outstanding 298.7 277.6 281.2 274.2 274.7 306.8 311.1 309.7 307.7 305.4 308.5 328.4
Reference Market Price 22.75 12.33 16.93 20.12 20.65 26.18 11.25 17 29.78 25.19 35.81 34.98
EPS 1.51 2.01 2.1 0.38 4.28 4.66 -12.68 1.82 3.6 5.13 2.03 3.26
Dividend per Share 0.981 0.712 0.695 0.662 0.63 0.3 0.378 1.51 1.51 1.51 1.49 1.39
Dividend Growth Rate 5.81% 2.45% 4.98% 5.08% 110% -20.63% -74.97% 0% 0% 1.34% 7.19% 16.81%
Dividend Yield 4.44% 5.78% 4.11% 3.29% 3.05% 1.15% 3.36% 8.88% 5.07% 5.99% 4.16% 3.97%
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Discounting Cash Flows

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