Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

This company has been moved to the archive! The financial data has not been updated since September 30, 2022.

Enterprise Value to FCFF (EV/FCFF)

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Free Cash Flow to The Firm (FCFF)

Bed Bath & Beyond Inc., FCFF calculation

US$ in thousands

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12 months ended: Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Net earnings (loss) (559,623) (150,773) (613,816) (137,224) 424,858 685,108
Net noncash charges 501,228 572,216 775,781 772,239 558,899 385,188
(Increase) decrease in assets 335,014 (320,706) 501,792 462,609 (102,971) (90,217)
Increase (decrease) in liabilities (258,765) 167,371 (72,816) (179,346) (21,097) 61,709
Net cash provided by operating activities 17,854 268,108 590,941 918,278 859,689 1,041,788
Interest payments, net of tax1 52,140 33,847 65,163 71,323 49,650 81,400
Capital expenditures (354,185) (183,077) (277,401) (325,366) (375,793) (373,574)
Financing lease assets obtained in exchange for new financing lease liabilities (38,974)
Free cash flow to the firm (FCFF) (323,165) 118,878 378,703 664,235 533,546 749,614

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Bed Bath & Beyond Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Bed Bath & Beyond Inc. FCFF decreased from 2020 to 2021 and from 2021 to 2022.

Interest Paid, Net of Tax

Bed Bath & Beyond Inc., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel
12 months ended: Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Effective Income Tax Rate (EITR)
EITR1 21.00% 55.17% 19.75% 12.38% 38.93% 0.00%
Interest Paid, Net of Tax
Interest payments, before tax 66,000 75,500 81,200 81,400 81,300 81,400
Less: Interest payments, tax2 13,860 41,653 16,037 10,077 31,650
Interest payments, net of tax 52,140 33,847 65,163 71,323 49,650 81,400

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

1 See details »

2 2022 Calculation
Interest payments, tax = Interest payments × EITR
= 66,000 × 21.00% = 13,860


Enterprise Value to FCFF Ratio, Current

Bed Bath & Beyond Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 1,267,630
Free cash flow to the firm (FCFF) (323,165)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Amazon.com Inc. 56.01
Home Depot Inc. 23.52
Lowe’s Cos. Inc. 26.12
TJX Cos. Inc. 29.66
EV/FCFF, Sector
Consumer Discretionary Distribution & Retail 194.02
EV/FCFF, Industry
Consumer Discretionary 78.49

Based on: 10-K (reporting date: 2022-02-26).

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

Bed Bath & Beyond Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 2,082,901 2,720,393 1,040,356 2,704,176 3,227,847 6,721,625
Free cash flow to the firm (FCFF)2 (323,165) 118,878 378,703 664,235 533,546 749,614
Valuation Ratio
EV/FCFF3 22.88 2.75 4.07 6.05 8.97
Benchmarks
EV/FCFF, Competitors4
Amazon.com Inc. 78.83 74.39
Home Depot Inc. 25.12 20.22 19.11 21.30
Lowe’s Cos. Inc. 19.56 14.88 20.95 18.88
TJX Cos. Inc. 33.03 18.30 19.08 21.16
EV/FCFF, Sector
Consumer Discretionary Distribution & Retail 111.04 130.00 51.35 42.44
EV/FCFF, Industry
Consumer Discretionary 50.20 59.78 45.72 30.57

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

1 See details »

2 See details »

3 2022 Calculation
EV/FCFF = EV ÷ FCFF
= 2,082,901 ÷ -323,165 =

4 Click competitor name to see calculations.