Tjx Companies Stock Fair Value Calculator – TJX COMPANIES Reports Q2 FY2024 Earnings with USD 12758.0 Million Revenue, Up 7.7% YOY
August 18, 2023
🌥️Earnings Overview
The TJX ($NYSE:TJX) Companies recently released their financial results for the second quarter of FY2024, which ended July 31 2023. This quarter saw the company report total revenue of USD 12758.0 million, a 7.7% increase from the same period in the previous fiscal year. TJX’s net income also rose 22.2% to USD 989.0 million.
Analysis – Tjx Companies Stock Fair Value Calculator
GoodWhale has conducted an analysis of TJX COMPANIES‘s fundamentals and our proprietary Valuation Line has concluded that its intrinsic value is around $79.5. Currently, TJX COMPANIES stock is traded at $89.3, which is a fair price but is still overvalued by 12.3%. Our analysis indicates that the stock may be overpriced at its current level and that there is room to potentially increase the intrinsic value of the company’s shares. We suggest that investors should carefully evaluate their investment strategy and decide whether or not they are willing to take on the potential risk associated with such a purchase. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tjx Companies. More…
| Total Revenues | Net Income | Net Margin |
| 51.23k | 3.98k | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tjx Companies. More…
| Operations | Investing | Financing |
| 6.16k | -1.59k | -3.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tjx Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.92k | 22.31k | 5.59 |
Key Ratios Snapshot
Some of the financial key ratios for Tjx Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.9% | 67.1% | 10.1% |
| FCF Margin | ROE | ROA |
| 8.9% | 50.6% | 11.2% |
Peers
In the retail industry, there is intense competition between TJX Companies Inc and its competitors Ross Stores Inc, Destination Maternity Corp, and United Arrows Ltd. This is due to the fact that each company is vying for the same consumers. In order to attract and retain customers, each company must offer competitive prices, a wide variety of merchandise, and excellent customer service.
– Ross Stores Inc ($NASDAQ:ROST)
Ross Stores is an American chain of off-price department stores headquartered in Dublin, California, founded in 1957 by Morris Ross. The company operates 1,378 Ross Dress for Less locations and 122 dd’s Discounts locations in 37 states, the District of Columbia and Guam. Ross Stores Inc has a market cap of 29.23B as of 2022, a Return on Equity of 30.69%. Ross Stores is an American chain of off-price department stores headquartered in Dublin, California, founded in 1957 by Morris Ross. The company operates 1,378 Ross Dress for Less locations and 122 dd’s Discounts locations in 37 states, the District of Columbia and Guam. Ross Dress for Less offers first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family at every day savings of 20% to 60% off department and specialty store regular prices. dd’s Discounts is designed to offer brand-name apparel, accessories, footwear and home fashions for the entire family at 20% to 70% off moderate department and discount store prices every day.
– Destination Maternity Corp ($OTCPK:DESTQ)
Destination Maternity Corporation is an international retailer of maternity apparel, selling its products under the Destination Maternity®, Motherhood Maternity®, A Pea in the Pod® and Destination Baby® brands. The Company also operates ecommerce websites, destinationmaternity.com in the United States, motherhood.com and apeainthepod.com. As of October 28, 2017, Destination Maternity operated 1,944 retail locations, including 512 stores in the United States, Puerto Rico and Canada, and 1,432 leased department locations. The Company’s retail locations are located in the United States, Puerto Rico, Canada and the United Kingdom.
– United Arrows Ltd ($TSE:7606)
United Arrows Ltd is a Japanese fashion retailer. The company was founded in 1989 and is headquartered in Tokyo, Japan. United Arrows Ltd has a market cap of 58.64B as of 2022, a Return on Equity of 9.39%. The company operates over 800 stores across Japan and also has a presence in Hong Kong, China, and Taiwan. United Arrows Ltd offers a wide range of products including men’s and women’s clothing, accessories, and beauty products. The company has a strong focus on quality and design, and its products are popular among Japanese consumers.
Summary
Investors should be encouraged by the TJX Companies‘ second quarter FY2024 earnings report, released July 31 2023, which showed an impressive 7.7% increase in total revenue to USD 12758.0 million and a 22.2% increase in net income to USD 989.0 million. The stock price reacted positively to the news, rising on the day of the announcement. With such robust performance in these areas, TJX Companies appears well-positioned to continue growing in the future and should be considered a lucrative investment opportunity.
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