Back to M Overview
NYQ · Valuation Lab
M
Macy's, Inc.
Last$25.51
Market cap6.7B
EV/EBITDA7.5x
Intrinsic value
$33.52
MoS +23.9% · Undervalued
Assuming 3.3% FCF margin and 2.1% Y1–5 growth.
Upside to price
EV (DCF)12.6B
Terminal share57%
Expected IV$40.87
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 57% of EV
PV of stage FCFs5.5B
PV of terminal value7.2B
Enterprise value12.6B
Net cash / (debt)-3.8B
Equity value8.8B
Intrinsic value / share$33.52
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 23.2B | 765.5M | 706.3M | 92.3% |
| Y2 | 23.7B | 781.6M | 665.4M | 85.1% |
| Y3 | 24.2B | 798M | 626.8M | 78.6% |
| Y4 | 24.7B | 814.8M | 590.5M | 72.5% |
| Y5 | 25.2B | 831.9M | 556.3M | 66.9% |
| Y6 | 25.7B | 848.5M | 523.5M | 61.7% |
| Y7 | 26.2B | 865.5M | 492.7M | 56.9% |
| Y8 | 26.8B | 882.8M | 463.7M | 52.5% |
| Y9 | 27.3B | 900.4M | 436.4M | 48.5% |
| Y10 | 27.8B | 918.4M | 410.7M | 44.7% |
| Terminal | — | — | 7.2B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.