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 75,429 - -
Change - 17.84% 16.03% 5.18% 22.84% 23.62% - -
Enterprise Value (EV) 1 32,068 38,606 44,816 47,158 57,941 71,638 70,936 70,242
Change - 20.39% 16.09% 5.23% 22.87% 23.64% -0.98% -0.98%
P/E 20.1x 27x 25.2x 23.8x 28.5x 27.4x 26.5x 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 0.9x 7.97x 2.8x
Capitalization / Revenue 1.83x 2.18x 2.32x 2.35x 2.68x 2.94x 2.75x 2.58x
EV / Revenue 1.7x 2.06x 2.2x 2.23x 2.55x 2.79x 2.59x 2.4x
EV / EBITDA 11.9x 16.2x 16.4x 15.6x 18x 17.9x 16.9x 15.5x
EV / EBIT 13.7x 19.4x 19.4x 18.2x 21.4x 20.8x 19.7x 18x
EV / FCF 27.2x 37.3x 25.6x 28.8x 26.2x 28.6x 26.9x 28.9x
FCF Yield 3.68% 2.68% 3.91% 3.47% 3.81% 3.5% 3.72% 3.46%
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 8.626 8.913 9.69
Distribution rate 23.4% 28.3% 24.1% 23.3% 24.5% 20.7% 21.6% 22.3%
Net sales 1 18,916 18,696 20,377 21,129 22,751 25,679 27,431 29,212
EBITDA 1 2,694 2,385 2,727 3,032 3,217 3,992 4,196 4,525
EBIT 1 2,333 1,990 2,308 2,586 2,707 3,443 3,606 3,893
Net income 1 1,723 1,512 1,875 2,091 2,145 2,727 2,799 3,005
Net Debt 1 -2,470 -2,095 -2,412 -2,516 -3,077 -3,791 -4,493 -5,187
Reference price 2 97.75 118.19 140.28 150.56 188.65 236.12 236.12 236.12
Nbr of stocks (in thousands) 353,330 344,371 336,666 329,929 323,445 319,453 - -
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.($)
27.29x2.78x17.89x0.76% 75.2B
24.43x3.71x13.22x3.65% 187B
40.7x4.99x20.67x0.92% 131B
44.05x2.48x9.47x1.5% 31.47B
20.75x1.41x8x4.52% 26.13B
14.17x2.77x10.64x1.66% 22.36B
17.62x2.47x11.1x2.12% 21.73B
22.19x1.32x11.27x-.--% 16.01B
15.71x1.99x8.29x4.37% 11.88B
6.25x0.41x3.74x3.18% 7.62B
Average 23.32x 2.43x 11.43x 2.27% 53.08B
Weighted average by Cap. 28.60x 3.46x 14.74x 2.23%

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

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