Company Valuation: Ross Stores, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 34,538 40,701 47,228 49,674 61,018 75,791 - -
Change - 17.84% 16.03% 5.18% 22.84% 24.21% - -
Enterprise Value (EV) 1 32,068 38,606 44,816 47,158 57,941 72,000 71,298 70,603
Change - 20.39% 16.09% 5.23% 22.87% 24.26% -0.97% -0.97%
P/E 20.1x 27x 25.2x 23.8x 28.5x 27.7x 26.6x 24.4x
PBR 8.47x 9.45x 9.72x 9.05x 9.89x 10.2x 8.34x 7.52x
PEG - -2.7x 0.9x 1.7x 6.21x 1x 6.37x 2.65x
Capitalization / Revenue 1.83x 2.18x 2.32x 2.35x 2.68x 2.95x 2.77x 2.59x
EV / Revenue 1.7x 2.06x 2.2x 2.23x 2.55x 2.81x 2.6x 2.42x
EV / EBITDA 11.9x 16.2x 16.4x 15.6x 18x 18.1x 17x 15.6x
EV / EBIT 13.7x 19.4x 19.4x 18.2x 21.4x 21x 19.8x 18.1x
EV / FCF 27.2x 37.3x 25.6x 28.8x 26.2x 28.7x 27x 29.1x
FCF Yield 3.68% 2.68% 3.91% 3.47% 3.81% 3.48% 3.7% 3.44%
Dividend per Share 2 1.14 1.24 1.34 1.47 1.62 1.785 1.928 2.158
Rate of return 1.17% 1.05% 0.96% 0.98% 0.86% 0.76% 0.82% 0.91%
EPS 2 4.87 4.38 5.56 6.32 6.61 8.517 8.873 9.689
Distribution rate 23.4% 28.3% 24.1% 23.3% 24.5% 21% 21.7% 22.3%
Net sales 1 18,916 18,696 20,377 21,129 22,751 25,651 27,398 29,212
EBITDA 1 2,694 2,385 2,727 3,032 3,217 3,984 4,186 4,525
EBIT 1 2,333 1,990 2,308 2,586 2,707 3,436 3,599 3,893
Net income 1 1,723 1,512 1,875 2,091 2,145 2,727 2,800 3,005
Net Debt 1 -2,470 -2,095 -2,412 -2,516 -3,077 -3,791 -4,493 -5,187
Reference price 2 97.75 118.19 140.28 150.56 188.65 236.27 236.27 236.27
Nbr of stocks (in thousands) 353,330 344,371 336,666 329,929 323,445 320,781 - -
Announcement Date 3/1/22 2/28/23 3/5/24 3/4/25 3/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.76x4.13x14.6x3.33% 211B
43.14x5.33x22.05x0.87% 139B
27.74x2.81x18.07x0.76% 75.79B
47.85x2.69x10.35x1.34% 36.11B
23.09x1.53x8.67x4.09% 29.97B
16.42x3.19x12.22x1.43% 25.97B
19.34x2.67x11.98x1.85% 24.29B
27.05x1.61x13.53x-.--% 19.76B
14.93x1.78x7.54x4.34% 10.67B
Average 27.37x 2.86x 13.22x 2% 63.65B
Weighted average by Cap. 31.00x 3.78x 15.90x 2.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield