Stock Analysis on Net

Target Corp. (NYSE:TGT)

$24.99

Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel

Free Cash Flow to The Firm (FCFF)

Target Corp., FCFF calculation

US$ in millions

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12 months ended: Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019
Net earnings
Net noncash charges
Changes in operating accounts
Cash provided by operating activities
Interest paid, net of capitalized interest, net of tax1
Expenditures for property and equipment
Proceeds from disposal of property and equipment
Leased assets obtained in exchange for new finance lease liabilities
Free cash flow to the firm (FCFF)

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Target Corp. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Target Corp. FCFF decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.

Interest Paid, Net of Tax

Target Corp., interest paid, net of tax calculation

US$ in millions

Microsoft Excel
12 months ended: Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Interest paid, net of capitalized interest, before tax
Less: Interest paid, net of capitalized interest, tax2
Interest paid, net of capitalized interest, net of tax

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

1 See details »

2 2024 Calculation
Interest paid, net of capitalized interest, tax = Interest paid, net of capitalized interest × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Target Corp., current EV/FCFF calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Costco Wholesale Corp.
Walmart Inc.
EV/FCFF, Sector
Consumer Staples Distribution & Retail
EV/FCFF, Industry
Consumer Staples

Based on: 10-K (reporting date: 2024-02-03).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.


Enterprise Value to FCFF Ratio, Historical

Target Corp., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019
Selected Financial Data (US$ in millions)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Costco Wholesale Corp.
Walmart Inc.
EV/FCFF, Sector
Consumer Staples Distribution & Retail
EV/FCFF, Industry
Consumer Staples

Based on: 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02).

1 See details »

2 See details »

3 2024 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.