MACY'S INC (M) Fundamental Analysis & Valuation

NYSE:M • US55616P1049

Current stock price

17.72 USD
+0.8 (+4.73%)
At close:
17.6048 USD
-0.12 (-0.65%)
After Hours:

This M fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. M Profitability Analysis

1.1 Basic Checks

  • M had positive earnings in the past year.
  • In the past year M had a positive cash flow from operations.
  • Of the past 5 years M 4 years were profitable.
  • Each year in the past 5 years M had a positive operating cash flow.
M Yearly Net Income VS EBIT VS OCF VS FCFM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • M has a Return On Assets (2.80%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 11.04%, M is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • M has a Return On Invested Capital (6.20%) which is in line with its industry peers.
  • M had an Average Return On Invested Capital over the past 3 years of 8.23%. This is in line with the industry average of 9.15%.
Industry RankSector Rank
ROA 2.8%
ROE 11.04%
ROIC 6.2%
ROA(3y)3.54%
ROA(5y)-0.71%
ROE(3y)13.99%
ROE(5y)-14.6%
ROIC(3y)8.23%
ROIC(5y)N/A
M Yearly ROA, ROE, ROICM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100 -150

1.3 Margins

  • M has a Profit Margin (2.10%) which is in line with its industry peers.
  • M's Profit Margin has improved in the last couple of years.
  • The Operating Margin of M (4.00%) is comparable to the rest of the industry.
  • M's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 40.38%, M is doing worse than 63.33% of the companies in the same industry.
  • In the last couple of years the Gross Margin of M has remained more or less at the same level.
Industry RankSector Rank
OM 4%
PM (TTM) 2.1%
GM 40.38%
OM growth 3Y-23.39%
OM growth 5Y-2.37%
PM growth 3Y-23.51%
PM growth 5Y2.59%
GM growth 3Y-0.48%
GM growth 5Y0.08%
M Yearly Profit, Operating, Gross MarginsM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. M Health Analysis

2.1 Basic Checks

  • M has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • M has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for M has been reduced compared to 5 years ago.
  • The debt/assets ratio for M has been reduced compared to a year ago.
M Yearly Shares OutstandingM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
M Yearly Total Debt VS Total AssetsM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 2.35 indicates that M is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • M has a Altman-Z score (2.35) which is in line with its industry peers.
  • The Debt to FCF ratio of M is 3.05, which is a good value as it means it would take M, 3.05 years of fcf income to pay off all of its debts.
  • M's Debt to FCF ratio of 3.05 is fine compared to the rest of the industry. M outperforms 76.67% of its industry peers.
  • M has a Debt/Equity ratio of 0.56. This is a neutral value indicating M is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.56, M perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 3.05
Altman-Z 2.35
ROIC/WACC0.73
WACC8.44%
M Yearly LT Debt VS Equity VS FCFM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • M has a Current Ratio of 1.25. This is a normal value and indicates that M is financially healthy and should not expect problems in meeting its short term obligations.
  • M has a worse Current ratio (1.25) than 66.67% of its industry peers.
  • M has a Quick Ratio of 1.25. This is a bad value and indicates that M is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.18, M is doing worse than 90.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.25
Quick Ratio 0.18
M Yearly Current Assets VS Current LiabilitesM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. M Growth Analysis

3.1 Past

  • The earnings per share for M have decreased strongly by -25.23% in the last year.
  • M shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.93% yearly.
  • The Revenue has decreased by -2.83% in the past year.
  • Measured over the past years, M shows a decrease in Revenue. The Revenue has been decreasing by -1.91% on average per year.
EPS 1Y (TTM)-25.23%
EPS 3Y-21.03%
EPS 5Y-1.93%
EPS Q2Q%125%
Revenue 1Y (TTM)-2.83%
Revenue growth 3Y-3.11%
Revenue growth 5Y-1.91%
Sales Q2Q%-0.61%

3.2 Future

  • M is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.62% yearly.
  • Based on estimates for the next years, M will show a decrease in Revenue. The Revenue will decrease by -2.90% on average per year.
EPS Next Y-16.11%
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%
EPS Next 5Y0.62%
Revenue Next Year-3.74%
Revenue Next 2Y-2.96%
Revenue Next 3Y-2.9%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
M Yearly Revenue VS EstimatesM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B 25B
M Yearly EPS VS EstimatesM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 2 -2 4

More info and screens

Find the best growth stocksShow best growing peers

7

4. M Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 7.20, the valuation of M can be described as very cheap.
  • Based on the Price/Earnings ratio, M is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.79. M is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 7.85, the valuation of M can be described as very cheap.
  • M's Price/Forward Earnings ratio is rather cheap when compared to the industry. M is cheaper than 86.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.80. M is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 7.2
Fwd PE 7.85
M Price Earnings VS Forward Price EarningsM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 96.67% of the companies in the same industry are more expensive than M, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, M is valued cheaper than 90.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.91
EV/EBITDA 3.59
M Per share dataM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • A cheap valuation may be justified as M's earnings are expected to decrease with -4.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. M Dividend Analysis

5.1 Amount

  • M has a Yearly Dividend Yield of 3.59%. Purely for dividend investing, there may be better candidates out there.
  • In the last 3 months the price of M has falen by -25.64%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.64, M pays a better dividend. On top of this M pays more dividend than 93.33% of the companies listed in the same industry.
  • M's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 3.59%

5.2 History

  • The dividend of M decreases each year by -14.37%.
  • M has paid a dividend for at least 10 years, which is a reliable track record.
  • M has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-14.37%
Div Incr Years3
Div Non Decr Years3
M Yearly Dividends per shareM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • M pays out 41.21% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP41.21%
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%
M Yearly Income VS Free CF VS DividendM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B
M Dividend Payout.M Dividend Payout, showing the Payout Ratio.M Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

M Fundamentals: All Metrics, Ratios and Statistics

MACY'S INC

NYSE:M (3/18/2026, 8:20:59 PM)

After market: 17.6048 -0.12 (-0.65%)

17.72

+0.8 (+4.73%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)12-03
Earnings (Next)05-26
Inst Owners92.13%
Inst Owner Change-2.05%
Ins Owners0.05%
Ins Owner Change-1.29%
Market Cap4.71B
Revenue(TTM)22.71B
Net Income(TTM)478.00M
Analysts54.74
Price Target22.08 (24.6%)
Short Float %9.05%
Short Ratio3.35
Dividend
Industry RankSector Rank
Dividend Yield 3.59%
Yearly Dividend0.7
Dividend Growth(5Y)-14.37%
DP41.21%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)141.17%
Min EPS beat(2)119.65%
Max EPS beat(2)162.7%
EPS beat(4)4
Avg EPS beat(4)76.51%
Min EPS beat(4)8.59%
Max EPS beat(4)162.7%
EPS beat(8)8
Avg EPS beat(8)72.07%
EPS beat(12)12
Avg EPS beat(12)450.85%
EPS beat(16)16
Avg EPS beat(16)352.8%
Revenue beat(2)0
Avg Revenue beat(2)-0.48%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-1.02%
Min Revenue beat(4)-3.2%
Max Revenue beat(4)0.11%
Revenue beat(8)1
Avg Revenue beat(8)-2.1%
Revenue beat(12)2
Avg Revenue beat(12)-1.69%
Revenue beat(16)6
Avg Revenue beat(16)-0.46%
PT rev (1m)-0.51%
PT rev (3m)0%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)2.14%
EPS NY rev (1m)0%
EPS NY rev (3m)12.14%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.33%
Valuation
Industry RankSector Rank
PE 7.2
Fwd PE 7.85
P/S 0.21
P/FCF 5.91
P/OCF 3.03
P/B 1.09
P/tB 1.53
EV/EBITDA 3.59
EPS(TTM)2.46
EY13.88%
EPS(NY)2.26
Fwd EY12.75%
FCF(TTM)3
FCFY16.92%
OCF(TTM)5.85
OCFY33.01%
SpS85.42
BVpS16.28
TBVpS11.58
PEG (NY)N/A
PEG (5Y)N/A
Graham Number30.02
Profitability
Industry RankSector Rank
ROA 2.8%
ROE 11.04%
ROCE 8.12%
ROIC 6.2%
ROICexc 6.46%
ROICexgc 7.31%
OM 4%
PM (TTM) 2.1%
GM 40.38%
FCFM 3.51%
ROA(3y)3.54%
ROA(5y)-0.71%
ROE(3y)13.99%
ROE(5y)-14.6%
ROIC(3y)8.23%
ROIC(5y)N/A
ROICexc(3y)9.01%
ROICexc(5y)N/A
ROICexgc(3y)11.04%
ROICexgc(5y)N/A
ROCE(3y)10.79%
ROCE(5y)N/A
ROICexgc growth 3Y-25.28%
ROICexgc growth 5Y-1.61%
ROICexc growth 3Y-26.03%
ROICexc growth 5Y2.34%
OM growth 3Y-23.39%
OM growth 5Y-2.37%
PM growth 3Y-23.51%
PM growth 5Y2.59%
GM growth 3Y-0.48%
GM growth 5Y0.08%
F-Score6
Asset Turnover1.33
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 3.05
Debt/EBITDA 1.35
Cap/Depr 84.6%
Cap/Sales 3.34%
Interest Coverage 4.68
Cash Conversion 86.2%
Profit Quality 166.74%
Current Ratio 1.25
Quick Ratio 0.18
Altman-Z 2.35
F-Score6
WACC8.44%
ROIC/WACC0.73
Cap/Depr(3y)120.64%
Cap/Depr(5y)95.76%
Cap/Sales(3y)4.36%
Cap/Sales(5y)3.6%
Profit Quality(3y)263.1%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.23%
EPS 3Y-21.03%
EPS 5Y-1.93%
EPS Q2Q%125%
EPS Next Y-16.11%
EPS Next 2Y-7.5%
EPS Next 3Y-4.16%
EPS Next 5Y0.62%
Revenue 1Y (TTM)-2.83%
Revenue growth 3Y-3.11%
Revenue growth 5Y-1.91%
Sales Q2Q%-0.61%
Revenue Next Year-3.74%
Revenue Next 2Y-2.96%
Revenue Next 3Y-2.9%
Revenue Next 5YN/A
EBIT growth 1Y-18.64%
EBIT growth 3Y-25.78%
EBIT growth 5Y-4.23%
EBIT Next Year78.51%
EBIT Next 3Y20.64%
EBIT Next 5Y12.87%
FCF growth 1Y255.8%
FCF growth 3Y-42.79%
FCF growth 5Y-2.57%
OCF growth 1Y21.01%
OCF growth 3Y-22.18%
OCF growth 5Y-4.49%

MACY'S INC / M Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MACY'S INC (M) stock?

ChartMill assigns a fundamental rating of 4 / 10 to M.


What is the valuation status of MACY'S INC (M) stock?

ChartMill assigns a valuation rating of 7 / 10 to MACY'S INC (M). This can be considered as Undervalued.


What is the profitability of M stock?

MACY'S INC (M) has a profitability rating of 4 / 10.


Can you provide the financial health for M stock?

The financial health rating of MACY'S INC (M) is 4 / 10.


What is the expected EPS growth for MACY'S INC (M) stock?

The Earnings per Share (EPS) of MACY'S INC (M) is expected to decline by -16.11% in the next year.