Intrinsic value of Nordstrom - JWN

Previous Close

$40.86

  Intrinsic Value

$35.40

stock screener

  Rating & Target

hold

-13%

Previous close

$40.86

 
Intrinsic value

$35.40

 
Up/down potential

-13%

 
Rating

hold

We calculate the intrinsic value of JWN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.22
  3.90
  4.01
  4.11
  4.20
  4.28
  4.35
  4.42
  4.47
  4.53
  4.57
  4.62
  4.65
  4.69
  4.72
  4.75
  4.77
  4.80
  4.82
  4.83
  4.85
  4.87
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.94
  4.94
  4.95
Revenue, $m
  14,757
  15,333
  15,947
  16,603
  17,300
  18,040
  18,825
  19,656
  20,535
  21,465
  22,446
  23,483
  24,576
  25,728
  26,943
  28,222
  29,569
  30,987
  32,480
  34,050
  35,702
  37,439
  39,266
  41,187
  43,206
  45,329
  47,559
  49,904
  52,367
  54,955
  57,674
Variable operating expenses, $m
 
  14,166
  14,733
  15,338
  15,981
  16,663
  17,387
  18,154
  18,965
  19,823
  20,728
  21,660
  22,668
  23,731
  24,852
  26,032
  27,274
  28,582
  29,959
  31,407
  32,931
  34,534
  36,219
  37,991
  39,853
  41,811
  43,868
  46,030
  48,302
  50,690
  53,198
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  13,952
  14,166
  14,733
  15,338
  15,981
  16,663
  17,387
  18,154
  18,965
  19,823
  20,728
  21,660
  22,668
  23,731
  24,852
  26,032
  27,274
  28,582
  29,959
  31,407
  32,931
  34,534
  36,219
  37,991
  39,853
  41,811
  43,868
  46,030
  48,302
  50,690
  53,198
Operating income, $m
  805
  1,166
  1,214
  1,265
  1,319
  1,376
  1,437
  1,502
  1,570
  1,642
  1,718
  1,823
  1,907
  1,997
  2,091
  2,190
  2,295
  2,405
  2,521
  2,643
  2,771
  2,906
  3,048
  3,197
  3,353
  3,518
  3,691
  3,873
  4,064
  4,265
  4,476
EBITDA, $m
  1,450
  1,810
  1,883
  1,960
  2,043
  2,130
  2,223
  2,321
  2,425
  2,535
  2,651
  2,773
  2,902
  3,038
  3,181
  3,332
  3,492
  3,659
  3,835
  4,021
  4,216
  4,421
  4,637
  4,863
  5,102
  5,352
  5,616
  5,893
  6,184
  6,489
  6,810
Interest expense (income), $m
  134
  133
  105
  118
  131
  145
  160
  175
  192
  210
  228
  248
  269
  291
  314
  338
  364
  391
  419
  449
  481
  514
  549
  585
  624
  664
  707
  752
  799
  848
  900
Earnings before tax, $m
  684
  1,034
  1,109
  1,147
  1,188
  1,232
  1,278
  1,326
  1,378
  1,433
  1,490
  1,575
  1,639
  1,706
  1,777
  1,852
  1,931
  2,014
  2,102
  2,194
  2,290
  2,392
  2,499
  2,611
  2,730
  2,854
  2,984
  3,122
  3,266
  3,417
  3,576
Tax expense, $m
  330
  279
  299
  310
  321
  333
  345
  358
  372
  387
  402
  425
  442
  461
  480
  500
  521
  544
  567
  592
  618
  646
  675
  705
  737
  771
  806
  843
  882
  923
  966
Net income, $m
  354
  755
  809
  837
  867
  899
  933
  968
  1,006
  1,046
  1,088
  1,149
  1,196
  1,246
  1,297
  1,352
  1,410
  1,470
  1,534
  1,601
  1,672
  1,746
  1,824
  1,906
  1,993
  2,083
  2,179
  2,279
  2,384
  2,495
  2,611

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,007
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,858
  7,118
  7,404
  7,708
  8,031
  8,375
  8,739
  9,125
  9,533
  9,965
  10,421
  10,902
  11,409
  11,944
  12,508
  13,102
  13,728
  14,386
  15,079
  15,808
  16,575
  17,381
  18,230
  19,121
  20,059
  21,044
  22,080
  23,168
  24,311
  25,513
  26,775
Adjusted assets (=assets-cash), $m
  6,851
  7,118
  7,404
  7,708
  8,031
  8,375
  8,739
  9,125
  9,533
  9,965
  10,421
  10,902
  11,409
  11,944
  12,508
  13,102
  13,728
  14,386
  15,079
  15,808
  16,575
  17,381
  18,230
  19,121
  20,059
  21,044
  22,080
  23,168
  24,311
  25,513
  26,775
Revenue / Adjusted assets
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
  2.154
Average production assets, $m
  3,816
  3,971
  4,130
  4,300
  4,481
  4,672
  4,876
  5,091
  5,319
  5,559
  5,814
  6,082
  6,365
  6,664
  6,978
  7,309
  7,658
  8,026
  8,412
  8,819
  9,247
  9,697
  10,170
  10,667
  11,190
  11,740
  12,318
  12,925
  13,563
  14,233
  14,938
Working capital, $m
  213
  -813
  -845
  -880
  -917
  -956
  -998
  -1,042
  -1,088
  -1,138
  -1,190
  -1,245
  -1,303
  -1,364
  -1,428
  -1,496
  -1,567
  -1,642
  -1,721
  -1,805
  -1,892
  -1,984
  -2,081
  -2,183
  -2,290
  -2,402
  -2,521
  -2,645
  -2,775
  -2,913
  -3,057
Total debt, $m
  2,774
  2,192
  2,449
  2,723
  3,014
  3,324
  3,651
  3,999
  4,366
  4,755
  5,165
  5,598
  6,054
  6,536
  7,043
  7,578
  8,141
  8,733
  9,357
  10,013
  10,703
  11,429
  12,193
  12,995
  13,839
  14,726
  15,658
  16,637
  17,666
  18,748
  19,884
Total liabilities, $m
  6,988
  6,406
  6,663
  6,937
  7,228
  7,538
  7,865
  8,213
  8,580
  8,969
  9,379
  9,812
  10,268
  10,750
  11,257
  11,792
  12,355
  12,947
  13,571
  14,227
  14,917
  15,643
  16,407
  17,209
  18,053
  18,940
  19,872
  20,851
  21,880
  22,962
  24,098
Total equity, $m
  870
  712
  740
  771
  803
  838
  874
  913
  953
  997
  1,042
  1,090
  1,141
  1,194
  1,251
  1,310
  1,373
  1,439
  1,508
  1,581
  1,657
  1,738
  1,823
  1,912
  2,006
  2,104
  2,208
  2,317
  2,431
  2,551
  2,678
Total liabilities and equity, $m
  7,858
  7,118
  7,403
  7,708
  8,031
  8,376
  8,739
  9,126
  9,533
  9,966
  10,421
  10,902
  11,409
  11,944
  12,508
  13,102
  13,728
  14,386
  15,079
  15,808
  16,574
  17,381
  18,230
  19,121
  20,059
  21,044
  22,080
  23,168
  24,311
  25,513
  26,776
Debt-to-equity ratio
  3.189
  3.080
  3.310
  3.530
  3.750
  3.970
  4.180
  4.380
  4.580
  4.770
  4.960
  5.130
  5.310
  5.470
  5.630
  5.780
  5.930
  6.070
  6.210
  6.330
  6.460
  6.580
  6.690
  6.800
  6.900
  7.000
  7.090
  7.180
  7.270
  7.350
  7.430
Adjusted equity ratio
  -0.020
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  354
  755
  809
  837
  867
  899
  933
  968
  1,006
  1,046
  1,088
  1,149
  1,196
  1,246
  1,297
  1,352
  1,410
  1,470
  1,534
  1,601
  1,672
  1,746
  1,824
  1,906
  1,993
  2,083
  2,179
  2,279
  2,384
  2,495
  2,611
Depreciation, amort., depletion, $m
  645
  644
  669
  696
  724
  754
  786
  819
  855
  892
  932
  950
  995
  1,041
  1,090
  1,142
  1,197
  1,254
  1,314
  1,378
  1,445
  1,515
  1,589
  1,667
  1,749
  1,834
  1,925
  2,020
  2,119
  2,224
  2,334
Funds from operations, $m
  2,105
  1,399
  1,479
  1,533
  1,591
  1,653
  1,718
  1,788
  1,861
  1,938
  2,020
  2,100
  2,191
  2,287
  2,388
  2,494
  2,606
  2,724
  2,849
  2,979
  3,117
  3,261
  3,413
  3,573
  3,741
  3,918
  4,103
  4,298
  4,503
  4,719
  4,945
Change in working capital, $m
  457
  -31
  -33
  -35
  -37
  -39
  -42
  -44
  -47
  -49
  -52
  -55
  -58
  -61
  -64
  -68
  -71
  -75
  -79
  -83
  -88
  -92
  -97
  -102
  -107
  -112
  -118
  -124
  -131
  -137
  -144
Cash from operations, $m
  1,648
  1,429
  1,511
  1,568
  1,628
  1,692
  1,760
  1,832
  1,907
  1,987
  2,072
  2,155
  2,249
  2,348
  2,452
  2,562
  2,678
  2,800
  2,928
  3,063
  3,204
  3,353
  3,510
  3,675
  3,848
  4,030
  4,221
  4,423
  4,634
  4,856
  5,089
Maintenance CAPEX, $m
  0
  -596
  -620
  -645
  -672
  -700
  -730
  -762
  -795
  -831
  -869
  -908
  -950
  -995
  -1,041
  -1,090
  -1,142
  -1,197
  -1,254
  -1,314
  -1,378
  -1,445
  -1,515
  -1,589
  -1,667
  -1,749
  -1,834
  -1,925
  -2,020
  -2,119
  -2,224
New CAPEX, $m
  -846
  -155
  -159
  -170
  -181
  -192
  -203
  -215
  -228
  -241
  -254
  -268
  -283
  -298
  -315
  -331
  -349
  -367
  -387
  -407
  -428
  -450
  -473
  -497
  -523
  -550
  -578
  -607
  -638
  -670
  -704
Cash from investing activities, $m
  -791
  -751
  -779
  -815
  -853
  -892
  -933
  -977
  -1,023
  -1,072
  -1,123
  -1,176
  -1,233
  -1,293
  -1,356
  -1,421
  -1,491
  -1,564
  -1,641
  -1,721
  -1,806
  -1,895
  -1,988
  -2,086
  -2,190
  -2,299
  -2,412
  -2,532
  -2,658
  -2,789
  -2,928
Free cash flow, $m
  857
  678
  731
  753
  776
  800
  827
  855
  884
  916
  949
  978
  1,015
  1,055
  1,096
  1,140
  1,187
  1,236
  1,287
  1,341
  1,398
  1,459
  1,522
  1,588
  1,658
  1,732
  1,809
  1,891
  1,976
  2,066
  2,161
Issuance/(repayment) of debt, $m
  -6
  -571
  257
  274
  291
  309
  328
  347
  367
  388
  410
  433
  457
  482
  507
  535
  563
  593
  624
  656
  690
  726
  763
  803
  844
  887
  932
  979
  1,029
  1,081
  1,136
Issuance/(repurchase) of shares, $m
  -194
  83
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -189
  -488
  257
  274
  291
  309
  328
  347
  367
  388
  410
  433
  457
  482
  507
  535
  563
  593
  624
  656
  690
  726
  763
  803
  844
  887
  932
  979
  1,029
  1,081
  1,136
Total cash flow (excl. dividends), $m
  668
  191
  988
  1,027
  1,067
  1,110
  1,155
  1,202
  1,252
  1,304
  1,359
  1,411
  1,472
  1,536
  1,604
  1,675
  1,750
  1,828
  1,911
  1,998
  2,089
  2,185
  2,285
  2,391
  2,502
  2,619
  2,741
  2,870
  3,005
  3,148
  3,297
Retained Cash Flow (-), $m
  1
  -838
  -29
  -30
  -32
  -34
  -36
  -39
  -41
  -43
  -46
  -48
  -51
  -54
  -56
  -59
  -63
  -66
  -69
  -73
  -77
  -81
  -85
  -89
  -94
  -99
  -104
  -109
  -114
  -120
  -126
Prev. year cash balance distribution, $m
 
  996
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  349
  960
  996
  1,035
  1,075
  1,118
  1,163
  1,211
  1,261
  1,314
  1,363
  1,421
  1,483
  1,548
  1,616
  1,687
  1,762
  1,841
  1,925
  2,012
  2,104
  2,200
  2,302
  2,408
  2,520
  2,638
  2,761
  2,891
  3,027
  3,171
Discount rate, %
 
  4.90
  5.15
  5.40
  5.67
  5.96
  6.25
  6.57
  6.89
  7.24
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.19
  10.70
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
PV of cash for distribution, $m
 
  332
  868
  851
  830
  805
  777
  745
  710
  672
  631
  586
  541
  495
  449
  403
  357
  313
  271
  231
  195
  162
  132
  106
  83
  64
  49
  36
  26
  19
  13
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Nordstrom, Inc. is a fashion specialty retailer in the United States. The Company's segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards. As of March 20, 2017, the Retail segment included its 117 Nordstrom-branded full-line stores in the United States and Nordstrom.com, 216 off-price Nordstrom Rack stores, five Canada full-line stores, Nordstromrack.com/HauteLook, seven Trunk Club clubhouses and TrunkClub.com, two Jeffrey boutiques and two clearance stores that operate under the name Last Chance. The Company, through Credit segment, allows its customers to access a range of payment products and services, including a Nordstrom-branded private label card, approximately two Nordstrom-branded Visa credit cards and a debit card for Nordstrom purchases.

FINANCIAL RATIOS  of  Nordstrom (JWN)

Valuation Ratios
P/E Ratio 19.6
Price to Sales 0.5
Price to Book 8
Price to Tangible Book
Price to Cash Flow 4.2
Price to Free Cash Flow 8.7
Growth Rates
Sales Growth Rate 2.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -21.8%
Cap. Spend. - 3 Yr. Gr. Rate 1%
Financial Strength
Quick Ratio 92
Current Ratio 0
LT Debt to Equity 317.6%
Total Debt to Equity 318.9%
Interest Coverage 6
Management Effectiveness
Return On Assets 5.4%
Ret/ On Assets - 3 Yr. Avg. 7.5%
Return On Total Capital 9.7%
Ret/ On T. Cap. - 3 Yr. Avg. 12%
Return On Equity 40.7%
Return On Equity - 3 Yr. Avg. 36.3%
Asset Turnover 1.9
Profitability Ratios
Gross Margin 36%
Gross Margin - 3 Yr. Avg. 36.8%
EBITDA Margin 9.9%
EBITDA Margin - 3 Yr. Avg. 11.8%
Operating Margin 5.5%
Oper. Margin - 3 Yr. Avg. 7.6%
Pre-Tax Margin 4.6%
Pre-Tax Margin - 3 Yr. Avg. 6.7%
Net Profit Margin 2.4%
Net Profit Margin - 3 Yr. Avg. 4%
Effective Tax Rate 48.2%
Eff/ Tax Rate - 3 Yr. Avg. 42%
Payout Ratio 72.3%

JWN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the JWN stock intrinsic value calculation we used $14757 million for the last fiscal year's total revenue generated by Nordstrom. The default revenue input number comes from 2017 income statement of Nordstrom. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our JWN stock valuation model: a) initial revenue growth rate of 3.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.9%, whose default value for JWN is calculated based on our internal credit rating of Nordstrom, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Nordstrom.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of JWN stock the variable cost ratio is equal to 92.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for JWN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.8% for Nordstrom.

Corporate tax rate of 27% is the nominal tax rate for Nordstrom. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the JWN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for JWN are equal to 25.9%.

Life of production assets of 6.4 years is the average useful life of capital assets used in Nordstrom operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for JWN is equal to -5.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $870 million for Nordstrom - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 166.311 million for Nordstrom is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Nordstrom at the current share price and the inputted number of shares is $6.8 billion.

RELATED COMPANIES Price Int.Val. Rating
JCP J.C. Penney 3.29 1.09  str.sell
KSS Kohl's 43.72 48.03  hold
M Macy's 20.35 44.37  str.buy
TJX TJX 71.02 89.60  buy
ROST Ross Stores 72.25 72.61  hold
GPS Gap 29.40 42.66  str.buy
AEO American Eagle 14.93 20.12  buy
URBN Urban Outfitte 27.90 31.37  buy
SMRT Stein Mart 1.14 4.82  str.buy
SSI Stage Stores 1.77 49.44  str.buy

COMPANY NEWS

▶ NYSE Favorite Dividend Stocks   [Nov-18-17 08:02AM  Simply Wall St.]
▶ How Nordstroms Margins Fared in Fiscal 3Q17   [07:31AM  Market Realist]
▶ Should Walmart Fashion Another Acquisition?   [01:25PM  TheStreet.com]
▶ Why Nordstroms Earnings Fell in Fiscal 3Q17   [10:35AM  Market Realist]
▶ How Macys Margins Looked in Fiscal 3Q17   [07:31AM  Market Realist]
▶ Nordstrom Board of Directors Approves Quarterly Dividend   [Nov-15-17 04:30PM  Business Wire]
▶ Best Places to Shop on Black Friday   [02:37PM  24/7 Wall St.]
▶ What Hurt Macys Sales in Fiscal 3Q17?   [10:32AM  Market Realist]
▶ What Drove Macys Fiscal 3Q17 Earnings?   [09:02AM  Market Realist]
▶ Apparently, Sales Drop When Fashion Is 'The Wrong Fashion'   [Nov-14-17 02:46PM  TheStreet.com]
▶ [$$] TJX Breaks Eight-Year Sales Growth Streak   [01:02PM  The Wall Street Journal]
▶ M & JCP becoming 'relics' of retail past   [Nov-13-17 07:33PM  CNBC Videos]
▶ How Gold Reacts When Trump Tweets   [02:00PM  TheStreet.com]
▶ No One Is Safe From a Trump Twitter Storm (or Rant)   [Nov-11-17 11:20AM  TheStreet.com]
▶ Nordstrom blames disappointing Rack sales on inventory overload   [Nov-10-17 06:15PM  American City Business Journals]
▶ J.C. Penney Stock Surges After Crushing Q3 Forecasts   [04:01PM  Investor's Business Daily]
▶ Nordstrom estimates $26 million in lost sales due to hurricanes   [05:35PM  American City Business Journals]
▶ Why Nordstrom, Inc. Stock Rose Today   [04:12PM  Motley Fool]
▶ Nordstrom beats 3Q profit forecasts   [04:11PM  Associated Press]
▶ Nordstrom, Inc. to Host Earnings Call   [12:50PM  ACCESSWIRE]
▶ Why Nordstrom, Inc. Stock Lost 16% in October   [Nov-08-17 08:24PM  Motley Fool]
▶ Final Trade: QRVO, C & more   [05:30PM  CNBC Videos]
▶ Trading the Retail Wreck: 4 plays   [05:00PM  CNBC Videos]
▶ The 20 Best Workplaces in Retail   [07:00AM  Fortune]
▶ Why Nordstroms Fiscal 3Q17 Margins Could Decline   [Nov-06-17 10:32AM  Market Realist]
Financial statements of JWN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.