Stock Analysis on Net

Target Corp. (NYSE:TGT)

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Target Corp., FCFE calculation

US$ in millions

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12 months ended: Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Net earnings 4,091 4,138 2,780 6,946 4,368 3,281
Net noncash charges 3,131 3,444 3,674 3,124 3,099 2,956
Changes in operating accounts 145 1,039 (2,436) (1,445) 3,058 862
Cash provided by operating activities 7,367 8,621 4,018 8,625 10,525 7,099
Expenditures for property and equipment (2,891) (4,806) (5,528) (3,544) (2,649) (3,027)
Proceeds from disposal of property and equipment 3 24 8 27 42 63
Additions to long-term debt 741 2,625 1,972 2,480 1,739
Reductions of long-term debt (1,139) (147) (163) (1,147) (2,415) (2,069)
Free cash flow to equity (FCFE) 4,081 3,692 960 5,933 7,983 3,805

Based on: 10-K (reporting date: 2025-02-01), 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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Target Corp. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Target Corp. FCFE increased from 2023 to 2024 and from 2024 to 2025.

Price to FCFE Ratio, Current

Target Corp., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 455,576,464
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 4,081
FCFE per share 8.96
Current share price (P) 103.65
Valuation Ratio
P/FCFE 11.57
Benchmarks
P/FCFE, Competitors1
Costco Wholesale Corp. 69.66
Walmart Inc. 57.67
P/FCFE, Sector
Consumer Staples Distribution & Retail 43.53
P/FCFE, Industry
Consumer Staples 35.25

Based on: 10-K (reporting date: 2025-02-01).

1 Click competitor name to see calculations.

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


Price to FCFE Ratio, Historical

Target Corp., historical P/FCFE calculation, comparison to benchmarks

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Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
No. shares of common stock outstanding1 455,576,464 461,690,206 460,363,991 462,418,075 498,616,180 500,961,951
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 4,081 3,692 960 5,933 7,983 3,805
FCFE per share3 8.96 8.00 2.09 12.83 16.01 7.60
Share price1, 4 107.28 166.67 163.51 216.00 178.58 105.58
Valuation Ratio
P/FCFE5 11.98 20.84 78.41 16.84 11.15 13.90
Benchmarks
P/FCFE, Competitors6
Costco Wholesale Corp. 68.03 39.36 82.66 37.82 23.41
Walmart Inc. 57.81 29.40 25.97 122.02 18.26 23.39
P/FCFE, Sector
Consumer Staples Distribution & Retail 36.91 32.19 60.47 19.63 21.92
P/FCFE, Industry
Consumer Staples 32.13 24.26 25.33 24.84 18.28

Based on: 10-K (reporting date: 2025-02-01), 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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2025 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 4,081,000,000 ÷ 455,576,464 = 8.96

4 Closing price as at the filing date of Target Corp. Annual Report.

5 2025 Calculation
P/FCFE = Share price ÷ FCFE per share
= 107.28 ÷ 8.96 = 11.98

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Target Corp. P/FCFE ratio decreased from 2023 to 2024 and from 2024 to 2025.