Overview Dividends

(M) Macy’s - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US55616P1049

Apparel, Accessories, Cosmetics, Home Goods

M EPS (Earnings per Share)

EPS Growth (3Y CAGR): -17.15%
EPS Trend (3Y Correlation): -30.6%

M Revenue

Revenue Growth (3Y CAGR): -3.20%
Revenue Trend (3Y Correlation): -22.2%

Description: M Macy’s August 03, 2025

Macys, Inc. is a leading omni-channel retail organization operating in the United States and internationally through license agreements. The company operates under three main brands: Macys, Bloomingdales, and Bluemercury, offering a diverse range of products including apparel, accessories, cosmetics, and home furnishings.

From a financial perspective, Macys has a market capitalization of approximately $3.45 billion, indicating a mid-cap status. The companys price-to-earnings ratio is around 6.41, suggesting a relatively low valuation compared to its earnings. The forward P/E ratio is slightly higher at 8.38, indicating potential growth expectations. Additionally, Macys return on equity stands at 12.79%, demonstrating a decent level of profitability.

To further analyze Macys performance, key performance indicators (KPIs) such as same-store sales growth, gross margin, and operating margin can be considered. Same-store sales growth is a crucial metric for retailers, as it indicates the companys ability to drive sales growth from existing stores. Macys has been working to improve its e-commerce capabilities and enhance the overall customer experience, which could positively impact same-store sales. Gross margin and operating margin are also important KPIs, as they reflect the companys ability to maintain profitability amidst changing market conditions.

Other relevant KPIs for Macys include inventory turnover, which measures the companys ability to manage its inventory levels, and debt-to-equity ratio, which assesses the companys leverage and financial flexibility. By examining these KPIs, investors can gain a more comprehensive understanding of Macys financial health and operational efficiency.

M Stock Overview

Market Cap in USD	4,640m
Sub-Industry	Broadline Retail
IPO / Inception	1992-02-05

M Stock Ratings

Growth Rating	4.79%
Fundamental	56.3%
Dividend Rating	85.3%
Return 12m vs S&P 500	8.63%
Analyst Rating	3.15 of 5

M Dividends

Dividend Yield 12m	3.86%
Yield on Cost 5y	12.59%
Annual Growth 5y	16.49%
Payout Consistency	92.2%
Payout Ratio	31.2%

M Growth Ratios

Growth Correlation 3m	90.4%
Growth Correlation 12m	-6.7%
Growth Correlation 5y	-17.8%
CAGR 5y	0.45%
CAGR/Max DD 3y (Calmar Ratio)	0.01
CAGR/Mean DD 3y (Pain Ratio)	0.02
Sharpe Ratio 12m	-0.72
Alpha	-4.01
Beta	1.803
Volatility	46.49%
Current Volume	6495.7k
Average Volume 20d	7652.5k
Stop Loss	17.9 (-4%)
Signal	0.43

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (495.0m TTM) > 0 and > 6% of Revenue (6% = 1.36b TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 3.21pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 7.07% (prev 7.83%; Δ -0.75pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 1.40b > Net Income 495.0m (YES >=105%, WARN >=100%)

Net Debt (4.65b) to EBITDA (1.65b) ratio: 2.82 <= 3.0 (WARN <= 3.5)

Current Ratio 1.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (278.3m) change vs 12m ago -1.17% (target <= -2.0% for YES)

Gross Margin 40.31% (prev 41.02%; Δ -0.71pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 144.7% (prev 148.5%; Δ -3.81pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 7.23 (EBITDA TTM 1.65b / Interest Expense TTM 105.0m) >= 6 (WARN >= 3)

Altman Z'' 2.94

(A) 0.10 = (Total Current Assets 5.83b - Total Current Liabilities 4.22b) / Total Assets 15.55b

(B) 0.42 = Retained Earnings (Balance) 6.52b / Total Assets 15.55b

(D) 0.55 = Book Value of Equity 6.08b / Total Liabilities 11.10b

Total Rating: 2.94 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 56.27

1. Piotroski 5.50pt = 0.50

2. FCF Yield 8.65% = 4.33

3. FCF Margin 3.54% = 0.89

4. Debt/Equity 1.23 = 1.79

5. Debt/Ebitda 2.82 = -1.51

6. ROIC - WACC (= 2.03)% = 2.53

7. RoE 11.25% = 0.94

8. Rev. Trend -22.20% = -1.66

9. EPS Trend -30.63% = -1.53

What is the price of M shares?

As of October 24, 2025, the stock is trading at USD 18.64 with a total of 6,495,700 shares traded.
Over the past week, the price has changed by +3.79%, over one month by +8.81%, over three months by +47.44% and over the past year by +27.79%.

Is Macy’s a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Macy’s is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 56.27 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of M is around 17.80 USD . This means that M is currently overvalued and has a potential downside of -4.51%.

Is M a buy, sell or hold?

Macy’s has received a consensus analysts rating of 3.15. Therefor, it is recommend to hold M.

Strong Buy: 2
Buy: 0
Hold: 10
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the M price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	16	-14.4%
Analysts Target Price	16	-14.4%
ValueRay Target Price	19.4	4.1%

M Fundamental Data Overview October 11, 2025

Market Cap USD = 4.64b (4.64b USD * 1.0 USD.USD)
P/E Trailing = 9.8182
P/E Forward = 10.4058
P/S = 0.2044
P/B = 1.0973
P/EG = 2.0806
Beta = 1.803
Revenue TTM = 22.70b USD
EBIT TTM = 759.0m USD
EBITDA TTM = 1.65b USD
Long Term Debt = 2.43b USD (from longTermDebt, last quarter)
Short Term Debt = 194.0m USD (from shortTermDebt, last quarter)
Debt = 5.48b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.65b USD (from netDebt column, last quarter)
Enterprise Value = 9.29b USD (4.64b + Debt 5.48b - CCE 829.0m)
Interest Coverage Ratio = 7.23 (Ebit TTM 759.0m / Interest Expense TTM 105.0m)
FCF Yield = 8.65% (FCF TTM 804.0m / Enterprise Value 9.29b)
FCF Margin = 3.54% (FCF TTM 804.0m / Revenue TTM 22.70b)
Net Margin = 2.18% (Net Income TTM 495.0m / Revenue TTM 22.70b)
Gross Margin = 40.31% ((Revenue TTM 22.70b - Cost of Revenue TTM 13.55b) / Revenue TTM)
Gross Margin QoQ = 41.99% (prev 41.69%)
Tobins Q-Ratio = 0.60 (Enterprise Value 9.29b / Total Assets 15.55b)
Interest Expense / Debt = 0.46% (Interest Expense 25.0m / Debt 5.48b)
Taxrate = 24.35% (28.0m / 115.0m)
NOPAT = 574.2m (EBIT 759.0m * (1 - 24.35%))
Current Ratio = 1.38 (Total Current Assets 5.83b / Total Current Liabilities 4.22b)
Debt / Equity = 1.23 (Debt 5.48b / totalStockholderEquity, last quarter 4.45b)
Debt / EBITDA = 2.82 (Net Debt 4.65b / EBITDA 1.65b)
Debt / FCF = 5.79 (Net Debt 4.65b / FCF TTM 804.0m)
Total Stockholder Equity = 4.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.18% (Net Income 495.0m / Total Assets 15.55b)
RoE = 11.25% (Net Income TTM 495.0m / Total Stockholder Equity 4.40b)
RoCE = 11.11% (EBIT 759.0m / Capital Employed (Equity 4.40b + L.T.Debt 2.43b))
RoIC = 8.02% (NOPAT 574.2m / Invested Capital 7.16b)
WACC = 5.99% (E(4.64b)/V(10.12b) * Re(12.66%) + D(5.48b)/V(10.12b) * Rd(0.46%) * (1-Tc(0.24)))
Discount Rate = 12.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.13%
[DCF Debug] Terminal Value 63.14% ; FCFE base≈606.4m ; Y1≈603.0m ; Y5≈632.7m
Fair Price DCF = 21.92 (DCF Value 5.89b / Shares Outstanding 268.5m; 5y FCF grow -1.25% → 3.0% )
EPS Correlation: -30.63 | EPS CAGR: -17.15% | SUE: 0.80 | # QB: 0
Revenue Correlation: -22.20 | Revenue CAGR: -3.20% | SUE: 1.23 | # QB: 3

Additional Sources for M Stock

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