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Saturday, November 25, 2017

TJX Companies Inc Valuation – December 2016 $TJX



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Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Stocks for Using A Benjamin Graham Value Investing Strategy – December 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how TJX Companies Inc (TJX) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores. The HomeGoods chain is an off-price retailer of home fashions in the United States with approximately 526 stores. The TJX Canada segment operates the Winners, HomeSense and Marshalls chains in Canada. Winners is the off-price apparel and home fashions retailer in Canada. HomeSense offers home fashions off-price concept in Canada. The TJX International segment operates the T.K. Maxx and HomeSense chains in Europe. With approximately 456 stores, T.K. Maxx operates in the United Kingdom, Ireland, Germany, Poland, Austria and the Netherlands.

TJX Chart

TJX data by YCharts


To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Recent valuations of the components of the Dow Jones Industrial Average are available for free members, including this one of Microsoft Corporation.  In addition, here is a post detailing what can be found within each individual company’s valuation.


Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 10/1/2016
Total Current Assets $7,942,334,000
Total Current Liabilities $4,894,514,000
Long-Term Debt $2,226,913,000
Total Assets $12,866,836,000
Intangible Assets $343,826,000
Total Liabilities $8,537,025,000
Shares Outstanding (Diluted Average) 661,721,000

Earnings Per Share History

Next Fiscal Year Estimate $3.40
Jan2016 $3.33
Jan2015 $3.15
Jan2014 $2.94
Jan2013 $2.55
Jan2012 $1.93
Jan2011 $1.65
Jan2010 $1.42
Jan2009 $1.00
Jan2008 $0.83
Jan2007 $0.78
Jan2006 $0.71
Jan2005 $0.61
Jan2004 $0.58
Jan2003 $0.49
Jan2002 $0.46
Jan2001 $0.47
Jan2000 $0.41
Jan1999 $0.32
Jan1998 $0.22
Jan1997 $0.26

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $3.21
Jan2016 $3.01
Jan2015 $2.71
Jan2014 $2.36
Jan2013 $1.95
Jan2012 $1.56
Jan2011 $1.29
Jan2010 $1.06
Jan2009 $0.84
Jan2008 $0.74
Jan2007 $0.68
Jan2006 $0.61
Jan2005 $0.55
Jan2004 $0.50
Jan2003 $0.45
Jan2002 $0.42
Jan2001 $0.38

Recommended Reading:

Other ModernGraham posts about the company

5 Undervalued Companies with a Low Beta – July 2016
5 Undervalued Companies with a Low Beta – May 2016
5 Undervalued Companies with a Low Beta – February 2016
26 Best Stocks For Value Investors This Week – 2/6/16
TJX Companies Inc Valuation – February 2016 Update $TJX

Other ModernGraham posts about related companies

Aaron’s Inc Valuation – November 2016 $AAN
Tractor Supply Company Valuation – August 2016 $TSCO
Fossil Group Inc Valuation – August 2016 $FOSL
Target Corp Valuation – August 2016 $TGT
TJX Companies Inc Valuation – August 2016 $TJX
Dollar General Corp Valuation – August 2016 $DG
Coach Inc Valuation – August 2016 $COH
Tiffany & Co Valuation – August 2016 $TIF
Best Buy Co Valuation – July 2016 $BBY
GameStop Corp Valuation – July 2016 $GME

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

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