Company Valuation: Target Corporation

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 105,613 79,238 64,208 63,192 47,757 74,705 - -
Change - -24.97% -18.97% -1.58% -24.42% 56.42% - -
Enterprise Value (EV) 1 113,422 93,148 76,441 74,370 58,725 85,742 85,166 84,446
Change - -17.88% -17.94% -2.71% -21.04% 46% -0.67% -0.85%
P/E 15.6x 28.8x 15.6x 15.6x 13x 15.9x 17.4x 16.5x
PBR 8.1x 7.06x 4.78x 4.28x 2.95x 4.05x 3.66x 3.3x
PEG - -0.5x 0.3x -17.43x -1.58x 0.6x -1.97x 3.1x
Capitalization / Revenue 1x 0.73x 0.6x 0.59x 0.46x 0.68x 0.66x 0.64x
EV / Revenue 1.07x 0.85x 0.71x 0.7x 0.56x 0.78x 0.75x 0.72x
EV / EBITDA 9.48x 14.1x 8.89x 8.59x 7.43x 9.02x 9.25x 8.7x
EV / EBIT 12.2x 23.9x 13.4x 13.4x 12.3x 13.3x 14.3x 13.4x
EV / FCF 22.3x -61.7x 20x 16.6x 20.7x 27.4x 29.9x 25.6x
FCF Yield 4.48% -1.62% 4.99% 6.02% 4.83% 3.65% 3.35% 3.91%
Dividend per Share 2 3.38 4.14 4.38 4.46 4.54 4.567 4.498 4.871
Rate of return 1.53% 2.41% 3.15% 3.23% 4.3% 2.78% 2.74% 2.96%
EPS 2 14.1 5.98 8.94 8.86 8.13 10.36 9.446 9.949
Distribution rate 24% 69.2% 49% 50.3% 55.8% 44.1% 47.6% 49%
Net sales 1 106,005 109,120 107,412 106,566 104,780 110,197 113,674 117,012
EBITDA 1 11,970 6,596 8,600 8,653 7,909 9,503 9,207 9,701
EBIT 1 9,328 3,896 5,707 5,566 4,775 6,470 5,954 6,295
Net income 1 6,946 2,780 4,138 4,091 3,705 4,715 4,299 4,448
Net Debt 1 7,809 13,910 12,233 11,178 10,968 11,038 10,461 9,741
Reference price 2 220.43 172.14 139.08 137.91 105.47 164.44 164.44 164.44
Nbr of stocks (in thousands) 479,124 460,310 461,662 458,212 452,806 454,297 - -
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.($)
44.5x1.31x27.53x0.57% 406B
15.87x0.78x9.02x2.78% 74.7B
15.53x0.82x8.17x3.19% 48.21B
34.21x6.47x20.23x0.27% 34.53B
16.9x0.73x9.05x1.79% 29.39B
20.31x1.03x11.1x1.12% 14.88B
15.81x1.54x7.45x1.57% 6.21B
16.2x0.52x7.77x4.37% 4.69B
16.56x1.45x10.16x-.--% 4.55B
Average 21.76x 1.63x 12.28x 1.74% 69.25B
Weighted average by Cap. 35.67x 1.45x 21.67x 1.12%

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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