Intrinsic value of Kohl's - KSS

Previous Close

$37.89

  Intrinsic Value

$46.86

stock screener

  Rating & Target

buy

+24%

  Value-price divergence*

-31%

Previous close

$37.89

 
Intrinsic value

$46.86

 
Up/down potential

+24%

 
Rating

buy

 
Value-price divergence*

-31%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of KSS 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 6.5

 

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, %
  -2.70
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  18,686
  19,060
  19,498
  19,999
  20,562
  21,185
  21,869
  22,614
  23,420
  24,289
  25,221
  26,218
  27,282
  28,415
  29,619
  30,897
  32,251
  33,684
  35,200
  36,801
  38,492
  40,276
  42,158
  44,141
  46,231
  48,432
  50,749
  53,188
  55,755
  58,455
  61,295
Variable operating expenses, $m
 
  11,665
  11,933
  12,240
  12,584
  12,965
  13,384
  13,840
  14,333
  14,865
  15,435
  16,045
  16,697
  17,390
  18,127
  18,909
  19,737
  20,615
  21,542
  22,522
  23,557
  24,649
  25,801
  27,014
  28,293
  29,640
  31,059
  32,551
  34,122
  35,775
  37,513
Fixed operating expenses, $m
 
  6,376
  6,535
  6,698
  6,866
  7,037
  7,213
  7,394
  7,578
  7,768
  7,962
  8,161
  8,365
  8,574
  8,789
  9,008
  9,234
  9,464
  9,701
  9,944
  10,192
  10,447
  10,708
  10,976
  11,250
  11,532
  11,820
  12,115
  12,418
  12,729
  13,047
Total operating expenses, $m
  17,503
  18,041
  18,468
  18,938
  19,450
  20,002
  20,597
  21,234
  21,911
  22,633
  23,397
  24,206
  25,062
  25,964
  26,916
  27,917
  28,971
  30,079
  31,243
  32,466
  33,749
  35,096
  36,509
  37,990
  39,543
  41,172
  42,879
  44,666
  46,540
  48,504
  50,560
Operating income, $m
  1,183
  1,020
  1,030
  1,061
  1,112
  1,182
  1,272
  1,381
  1,509
  1,656
  1,824
  2,011
  2,220
  2,451
  2,704
  2,980
  3,280
  3,605
  3,956
  4,335
  4,743
  5,180
  5,649
  6,151
  6,687
  7,260
  7,871
  8,522
  9,215
  9,952
  10,736
EBITDA, $m
  2,121
  1,856
  1,886
  1,939
  2,015
  2,113
  2,232
  2,373
  2,537
  2,722
  2,931
  3,162
  3,418
  3,698
  4,004
  4,336
  4,695
  5,084
  5,502
  5,951
  6,433
  6,948
  7,500
  8,089
  8,717
  9,386
  10,099
  10,857
  11,662
  12,518
  13,427
Interest expense (income), $m
  299
  287
  297
  309
  324
  340
  357
  377
  398
  420
  445
  471
  500
  530
  562
  596
  632
  670
  711
  754
  799
  847
  897
  951
  1,007
  1,066
  1,128
  1,194
  1,263
  1,335
  1,412
Earnings before tax, $m
  875
  733
  733
  752
  789
  843
  915
  1,004
  1,111
  1,236
  1,379
  1,540
  1,721
  1,921
  2,142
  2,384
  2,648
  2,935
  3,246
  3,582
  3,944
  4,333
  4,752
  5,200
  5,681
  6,194
  6,743
  7,328
  7,952
  8,617
  9,324
Tax expense, $m
  319
  198
  198
  203
  213
  228
  247
  271
  300
  334
  372
  416
  465
  519
  578
  644
  715
  792
  876
  967
  1,065
  1,170
  1,283
  1,404
  1,534
  1,672
  1,821
  1,979
  2,147
  2,326
  2,517
Net income, $m
  556
  535
  535
  549
  576
  615
  668
  733
  811
  902
  1,006
  1,124
  1,256
  1,402
  1,563
  1,740
  1,933
  2,142
  2,369
  2,615
  2,879
  3,163
  3,469
  3,796
  4,147
  4,522
  4,922
  5,349
  5,805
  6,290
  6,806

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,074
  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
  13,574
  12,749
  13,042
  13,377
  13,754
  14,171
  14,628
  15,126
  15,666
  16,247
  16,870
  17,537
  18,249
  19,007
  19,812
  20,667
  21,572
  22,531
  23,545
  24,616
  25,747
  26,941
  28,199
  29,526
  30,924
  32,396
  33,946
  35,577
  37,294
  39,100
  41,000
Adjusted assets (=assets-cash), $m
  12,500
  12,749
  13,042
  13,377
  13,754
  14,171
  14,628
  15,126
  15,666
  16,247
  16,870
  17,537
  18,249
  19,007
  19,812
  20,667
  21,572
  22,531
  23,545
  24,616
  25,747
  26,941
  28,199
  29,526
  30,924
  32,396
  33,946
  35,577
  37,294
  39,100
  41,000
Revenue / Adjusted assets
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
  1.495
Average production assets, $m
  8,206
  8,367
  8,560
  8,780
  9,027
  9,300
  9,601
  9,928
  10,281
  10,663
  11,072
  11,510
  11,977
  12,474
  13,003
  13,564
  14,158
  14,787
  15,453
  16,156
  16,898
  17,681
  18,507
  19,378
  20,295
  21,262
  22,279
  23,350
  24,476
  25,662
  26,909
Working capital, $m
  2,273
  1,353
  1,384
  1,420
  1,460
  1,504
  1,553
  1,606
  1,663
  1,724
  1,791
  1,861
  1,937
  2,017
  2,103
  2,194
  2,290
  2,392
  2,499
  2,613
  2,733
  2,860
  2,993
  3,134
  3,282
  3,439
  3,603
  3,776
  3,959
  4,150
  4,352
Total debt, $m
  4,611
  4,641
  4,835
  5,056
  5,305
  5,581
  5,883
  6,213
  6,569
  6,953
  7,365
  7,806
  8,277
  8,777
  9,310
  9,875
  10,473
  11,107
  11,777
  12,485
  13,233
  14,022
  14,854
  15,731
  16,655
  17,628
  18,652
  19,731
  20,866
  22,059
  23,315
Total liabilities, $m
  8,397
  8,427
  8,621
  8,842
  9,091
  9,367
  9,669
  9,999
  10,355
  10,739
  11,151
  11,592
  12,063
  12,563
  13,096
  13,661
  14,259
  14,893
  15,563
  16,271
  17,019
  17,808
  18,640
  19,517
  20,441
  21,414
  22,438
  23,517
  24,652
  25,845
  27,101
Total equity, $m
  5,177
  4,322
  4,421
  4,535
  4,663
  4,804
  4,959
  5,128
  5,311
  5,508
  5,719
  5,945
  6,186
  6,443
  6,716
  7,006
  7,313
  7,638
  7,982
  8,345
  8,728
  9,133
  9,560
  10,009
  10,483
  10,982
  11,508
  12,061
  12,643
  13,255
  13,899
Total liabilities and equity, $m
  13,574
  12,749
  13,042
  13,377
  13,754
  14,171
  14,628
  15,127
  15,666
  16,247
  16,870
  17,537
  18,249
  19,006
  19,812
  20,667
  21,572
  22,531
  23,545
  24,616
  25,747
  26,941
  28,200
  29,526
  30,924
  32,396
  33,946
  35,578
  37,295
  39,100
  41,000
Debt-to-equity ratio
  0.891
  1.070
  1.090
  1.120
  1.140
  1.160
  1.190
  1.210
  1.240
  1.260
  1.290
  1.310
  1.340
  1.360
  1.390
  1.410
  1.430
  1.450
  1.480
  1.500
  1.520
  1.540
  1.550
  1.570
  1.590
  1.610
  1.620
  1.640
  1.650
  1.660
  1.680
Adjusted equity ratio
  0.328
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339
  0.339

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  556
  535
  535
  549
  576
  615
  668
  733
  811
  902
  1,006
  1,124
  1,256
  1,402
  1,563
  1,740
  1,933
  2,142
  2,369
  2,615
  2,879
  3,163
  3,469
  3,796
  4,147
  4,522
  4,922
  5,349
  5,805
  6,290
  6,806
Depreciation, amort., depletion, $m
  938
  837
  856
  878
  903
  930
  960
  993
  1,028
  1,066
  1,107
  1,151
  1,198
  1,247
  1,300
  1,356
  1,416
  1,479
  1,545
  1,616
  1,690
  1,768
  1,851
  1,938
  2,030
  2,126
  2,228
  2,335
  2,448
  2,566
  2,691
Funds from operations, $m
  2,666
  1,372
  1,391
  1,427
  1,478
  1,545
  1,628
  1,726
  1,839
  1,968
  2,114
  2,275
  2,454
  2,650
  2,864
  3,096
  3,349
  3,621
  3,915
  4,230
  4,569
  4,931
  5,319
  5,734
  6,176
  6,648
  7,150
  7,684
  8,253
  8,856
  9,497
Change in working capital, $m
  518
  27
  31
  36
  40
  44
  49
  53
  57
  62
  66
  71
  76
  80
  85
  91
  96
  102
  108
  114
  120
  127
  134
  141
  148
  156
  165
  173
  182
  192
  202
Cash from operations, $m
  2,148
  1,345
  1,360
  1,391
  1,438
  1,501
  1,579
  1,673
  1,782
  1,907
  2,047
  2,204
  2,378
  2,569
  2,778
  3,006
  3,252
  3,519
  3,807
  4,116
  4,449
  4,805
  5,186
  5,593
  6,028
  6,492
  6,986
  7,511
  8,070
  8,665
  9,296
Maintenance CAPEX, $m
  0
  -821
  -837
  -856
  -878
  -903
  -930
  -960
  -993
  -1,028
  -1,066
  -1,107
  -1,151
  -1,198
  -1,247
  -1,300
  -1,356
  -1,416
  -1,479
  -1,545
  -1,616
  -1,690
  -1,768
  -1,851
  -1,938
  -2,030
  -2,126
  -2,228
  -2,335
  -2,448
  -2,566
New CAPEX, $m
  -768
  -162
  -192
  -220
  -247
  -274
  -300
  -327
  -354
  -381
  -409
  -438
  -467
  -497
  -529
  -561
  -594
  -629
  -665
  -703
  -742
  -783
  -826
  -871
  -917
  -966
  -1,017
  -1,071
  -1,127
  -1,185
  -1,247
Cash from investing activities, $m
  -756
  -983
  -1,029
  -1,076
  -1,125
  -1,177
  -1,230
  -1,287
  -1,347
  -1,409
  -1,475
  -1,545
  -1,618
  -1,695
  -1,776
  -1,861
  -1,950
  -2,045
  -2,144
  -2,248
  -2,358
  -2,473
  -2,594
  -2,722
  -2,855
  -2,996
  -3,143
  -3,299
  -3,462
  -3,633
  -3,813
Free cash flow, $m
  1,392
  363
  331
  315
  313
  325
  349
  386
  435
  497
  572
  659
  760
  874
  1,002
  1,145
  1,302
  1,474
  1,663
  1,868
  2,091
  2,332
  2,592
  2,872
  3,173
  3,496
  3,842
  4,213
  4,609
  5,032
  5,483
Issuance/(repayment) of debt, $m
  -116
  161
  194
  222
  249
  276
  302
  329
  356
  384
  412
  441
  470
  501
  532
  565
  599
  634
  670
  708
  748
  789
  832
  877
  924
  973
  1,025
  1,078
  1,135
  1,194
  1,256
Issuance/(repurchase) of shares, $m
  -539
  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 from financing (excl. dividends), $m  
  -667
  161
  194
  222
  249
  276
  302
  329
  356
  384
  412
  441
  470
  501
  532
  565
  599
  634
  670
  708
  748
  789
  832
  877
  924
  973
  1,025
  1,078
  1,135
  1,194
  1,256
Total cash flow (excl. dividends), $m
  725
  524
  525
  537
  562
  600
  651
  715
  792
  881
  984
  1,100
  1,231
  1,375
  1,535
  1,710
  1,900
  2,108
  2,333
  2,576
  2,838
  3,121
  3,424
  3,749
  4,097
  4,469
  4,867
  5,291
  5,743
  6,225
  6,738
Retained Cash Flow (-), $m
  314
  -88
  -99
  -114
  -128
  -141
  -155
  -169
  -183
  -197
  -211
  -226
  -241
  -257
  -273
  -290
  -307
  -325
  -344
  -363
  -383
  -405
  -427
  -450
  -474
  -499
  -525
  -553
  -582
  -612
  -644
Prev. year cash balance distribution, $m
 
  943
  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
 
  1,379
  425
  423
  435
  459
  496
  546
  609
  684
  773
  874
  989
  1,118
  1,262
  1,420
  1,593
  1,783
  1,989
  2,213
  2,455
  2,716
  2,997
  3,299
  3,623
  3,970
  4,341
  4,738
  5,161
  5,613
  6,094
Discount rate, %
 
  5.40
  5.67
  5.95
  6.25
  6.56
  6.89
  7.24
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.18
  10.69
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.04
  15.80
  16.59
  17.42
  18.29
  19.20
  20.16
  21.17
  22.23
PV of cash for distribution, $m
 
  1,308
  381
  356
  341
  334
  333
  335
  339
  343
  346
  346
  343
  336
  325
  309
  290
  268
  244
  217
  190
  163
  137
  113
  91
  72
  55
  41
  30
  21
  15
Current shareholders' claim on cash, %
  100
  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
  100.0

Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online through Website Kohls.com. As of January 30, 2016, it operated 1,164 department stores in 49 states. Kohl’s Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.

FINANCIAL RATIOS  of  Kohl's (KSS)

Valuation Ratios
P/E Ratio 11.9
Price to Sales 0.4
Price to Book 1.3
Price to Tangible Book
Price to Cash Flow 3.1
Price to Free Cash Flow 4.8
Growth Rates
Sales Growth Rate -2.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 11.3%
Cap. Spend. - 3 Yr. Gr. Rate 3.6%
Financial Strength
Quick Ratio 8
Current Ratio 0.1
LT Debt to Equity 86.5%
Total Debt to Equity 89.1%
Interest Coverage 4
Management Effectiveness
Return On Assets 5.5%
Ret/ On Assets - 3 Yr. Avg. 6.4%
Return On Total Capital 5.6%
Ret/ On T. Cap. - 3 Yr. Avg. 6.7%
Return On Equity 10.4%
Return On Equity - 3 Yr. Avg. 12.2%
Asset Turnover 1.4
Profitability Ratios
Gross Margin 36.1%
Gross Margin - 3 Yr. Avg. 36.2%
EBITDA Margin 11.3%
EBITDA Margin - 3 Yr. Avg. 12.3%
Operating Margin 6.3%
Oper. Margin - 3 Yr. Avg. 7.5%
Pre-Tax Margin 4.7%
Pre-Tax Margin - 3 Yr. Avg. 5.8%
Net Profit Margin 3%
Net Profit Margin - 3 Yr. Avg. 3.7%
Effective Tax Rate 36.5%
Eff/ Tax Rate - 3 Yr. Avg. 36.2%
Payout Ratio 64.4%

KSS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KSS stock intrinsic value calculation we used $18686 million for the last fiscal year's total revenue generated by Kohl's. The default revenue input number comes from 2017 income statement of Kohl's. 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 KSS stock valuation model: a) initial revenue growth rate of 2% 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 5.4%, whose default value for KSS is calculated based on our internal credit rating of Kohl's, 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 Kohl's.
    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 KSS stock the variable cost ratio is equal to 61.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $6220 million in the base year in the intrinsic value calculation for KSS 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 6.4% for Kohl's.

Corporate tax rate of 27% is the nominal tax rate for Kohl's. 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 KSS 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 KSS are equal to 43.9%.

Life of production assets of 10 years is the average useful life of capital assets used in Kohl's 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 KSS is equal to 7.1%. 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 - $5177 million for Kohl's - 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 171.748 million for Kohl's 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 Kohl's at the current share price and the inputted number of shares is $6.5 billion.

RELATED COMPANIES Price Int.Val. Rating
JCP J.C. Penney 3.60 1.15  str.sell
JWN Nordstrom 44.58 68.92  buy
M Macy's 20.14 44.67  str.buy
TGT Target 56.31 69.49  buy
TJX TJX 71.59 74.85  hold
DDS Dillard's 55.93 91.06  str.buy
SMRT Stein Mart 1.25 5.17  str.buy

COMPANY NEWS

▶ Same-store sales decline slows for Kohl's   [08:20AM  American City Business Journals]
▶ Under Armour: Buy This Stock?   [Aug-11-17 02:05PM  Barrons.com]
▶ Company News For August 11, 2017   [09:58AM  Zacks]
▶ Kohl's beats 2Q profit forecasts   [Aug-10-17 11:58PM  Associated Press]
▶ Macy's tops Street 2Q forecasts   [11:51PM  Associated Press]
▶ [$$] Macys, Kohls Take Hits In Trading   [08:14PM  The Wall Street Journal]
▶ Macy's tops Street 2Q forecasts   [06:51PM  Associated Press]
▶ Why Department Store Stocks Tumbled Today   [03:36PM  Motley Fool]
▶ Macy's & Kohl's: No Rest For the Wrecked   [10:24AM  Barrons.com]
▶ Kohl's Shares Are Ripping Higher   [08:21AM  TheStreet.com]
▶ Executive Edge: Retail earnings on deck   [06:41AM  CNBC Videos]
▶ Macy's or Kohl's? Jim Cramer Picks One Ahead of Earnings   [Aug-09-17 04:14PM  TheStreet.com]
▶ [$$] Macy's and Kohl's bonds gain ahead of US retail earnings   [Aug-06-17 12:09PM  Financial Times]
▶ Millenials could hold the key to saving brick and mortar   [Aug-03-17 01:28PM  Yahoo Finance Video]
▶ 1 Important Thing Kohl's Is Doing Right   [07:31AM  Motley Fool]
▶ Heavy options activity in one chip name & a retailer   [Aug-01-17 01:35PM  CNBC Videos]
▶ 3 Dividend Stocks for Retirement   [09:33PM  Motley Fool]
▶ 3 Value Stocks for Daring Investors   [07:15PM  Motley Fool]
▶ Dillard's Stock Is Soaring: Stay Far Away   [07:10AM  Motley Fool]
▶ 3 Reasons Not to Buy Under Armour Inc (UAA) Stock   [Jul-30-17 04:25PM  InvestorPlace]
▶ [$$] Bears Take Aim at Retailers   [Jul-27-17 08:16PM  The Wall Street Journal]
▶ Why Under Armour Inc (UAA) Stock Is STILL Not Worth a Shot   [Jul-25-17 10:25AM  InvestorPlace]
▶ ETFs with exposure to Kohls Corp. : July 24, 2017   [Jul-24-17 04:56PM  Capital Cube]
▶ Department Stores on the Street: What the Analysts Recommend   [Jul-19-17 10:38AM  Market Realist]
▶ Kohl's CEO Says Physical Stores Are Important   [Jul-18-17 03:37PM  Bloomberg Video]
▶ Kohl's fights department store doldrums   [02:42PM  CNBC Videos]
▶ Nasdaq Rises for Seventh Consecutive Session   [12:46AM  The Wall Street Journal]
▶ Nasdaq Rises for Seventh Consecutive Session   [Jul-17-17 06:26PM  The Wall Street Journal]
Stock chart of KSS Financial statements of KSS
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.