Financials Lowe's Companies, Inc. Berne S.E.

Equities

LWE

US5486611073

Home Improvement Products & Services Retailers

Delayed Berne S.E. Other stock markets 17:00:02 15/01/2024 GMT			5-day change	1st Jan Change
187.8 ^CHF	+1.77%		-.--%	+1.77%

05-31	Lowe's Raises Quarterly Dividend by 5% to $1.15 a Share, Payable Aug. 7 to Shareholders of Record as of July 24	MT
05-31	Lowe's Increases Dividend 5% to $1.15 a Share	DJ

Valuation

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	89,095	122,116	161,100	133,978	126,231	126,099	-	-
Enterprise Value (EV) ¹	107,525	138,700	184,423	166,206	160,924	159,298	160,543	159,473
P/E ratio	21.2 x	21.5 x	19.9 x	21.8 x	16.6 x	18.1 x	16.5 x	15.1 x
Yield	1.83%	1.38%	1.25%	1.78%	1.98%	2.06%	2.15%	2.31%
Capitalization / Revenue	1.23 x	1.36 x	1.67 x	1.38 x	1.46 x	1.49 x	1.44 x	1.4 x
EV / Revenue	1.49 x	1.55 x	1.92 x	1.71 x	1.86 x	1.89 x	1.84 x	1.77 x
EV / EBITDA	13.5 x	12.3 x	13.2 x	11.3 x	12.1 x	12.7 x	12.2 x	11.5 x
EV / FCF	38.2 x	15 x	22.3 x	24.6 x	26.1 x	20.6 x	20.9 x	19.3 x
FCF Yield	2.62%	6.67%	4.48%	4.07%	3.84%	4.85%	4.79%	5.19%
Price to Book	45 x	84.8 x	-33.3 x	-9.34 x	-8.37 x	-9.54 x	-8.95 x	-8.59 x
Nbr of stocks (in thousands)	766,475	732,723	673,747	604,703	575,113	569,835	-	-
Reference price ²	116.2	166.7	239.1	221.6	219.5	221.3	221.3	221.3
Announcement Date	26/02/20	24/02/21	23/02/22	01/03/23	27/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	72,148	89,597	96,250	97,059	86,377	84,461	87,316	90,231
EBITDA ¹	7,989	11,286	13,975	14,681	13,274	12,505	13,187	13,846
EBIT ¹	6,579	9,692	12,093	12,700	11,557	10,605	11,283	11,920
Operating Margin	9.12%	10.82%	12.56%	13.08%	13.38%	12.56%	12.92%	13.21%
Earnings before Tax (EBT) ¹	5,623	7,739	11,208	9,036	10,175	9,214	9,872	10,509
Net income ¹	4,281	5,835	8,442	6,437	7,726	6,944	7,440	7,955
Net margin	5.93%	6.51%	8.77%	6.63%	8.94%	8.22%	8.52%	8.82%
EPS ²	5.490	7.750	12.04	10.17	13.20	12.21	13.42	14.62
Free Cash Flow ¹	2,812	9,258	8,260	6,760	6,176	7,731	7,683	8,274
FCF margin	3.9%	10.33%	8.58%	6.96%	7.15%	9.15%	8.8%	9.17%
FCF Conversion (EBITDA)	35.2%	82.03%	59.11%	46.05%	46.53%	61.82%	58.26%	59.76%
FCF Conversion (Net income)	65.69%	158.66%	97.84%	105.02%	79.94%	111.34%	103.26%	104.01%
Dividend per Share ²	2.130	2.300	3.000	3.950	4.350	4.561	4.760	5.102
Announcement Date	26/02/20	24/02/21	23/02/22	01/03/23	27/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Net sales ¹	22,918	21,339	23,659	27,476	23,479	22,445	22,347	24,956	20,471	18,602	21,364	24,002	20,444	18,736	22,101
EBITDA ¹	3,214	2,343	3,805	4,733	3,484	2,617	3,703	4,362	3,130	2,129	3,081	3,877	3,226	2,358	3,241
EBIT ¹	2,789	1,849	3,302	4,229	2,982	2,145	3,288	3,886	2,696	1,687	2,653	3,443	2,756	1,815	2,841
Operating Margin	12.17%	8.66%	13.96%	15.39%	12.7%	9.56%	14.71%	15.57%	13.17%	9.07%	12.42%	14.34%	13.48%	9.68%	12.85%
Earnings before Tax (EBT) ¹	2,566	1,614	3,059	3,965	629	1,382	2,939	3,545	2,351	1,339	2,301	3,113	2,402	1,459	2,498
Net income ¹	1,896	1,206	2,333	2,992	154	957	2,260	2,673	1,773	1,020	1,755	2,315	1,798	1,100	1,869
Net margin	8.27%	5.65%	9.86%	10.89%	0.66%	4.26%	10.11%	10.71%	8.66%	5.48%	8.21%	9.64%	8.79%	5.87%	8.46%
EPS ²	2.730	1.780	3.510	4.670	0.2500	1.580	3.770	4.560	3.060	1.770	3.060	4.071	3.162	1.954	3.320
Dividend per Share ²	0.8000	0.8000	0.8000	1.050	1.050	1.050	1.050	1.100	1.100	1.100	1.100	1.110	1.142	1.142	1.137
Announcement Date	17/11/21	23/02/22	18/05/22	17/08/22	16/11/22	01/03/23	23/05/23	22/08/23	21/11/23	27/02/24	21/05/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	18,430	16,584	23,323	32,228	34,693	33,199	34,444	33,374
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.307 x	1.469 x	1.669 x	2.195 x	2.614 x	2.655 x	2.612 x	2.41 x
Free Cash Flow ¹	2,812	9,258	8,260	6,760	6,176	7,731	7,683	8,274
ROE (net income / shareholders' equity)	159%	342%	-	-	-	-	-	-
ROA (Net income/ Total Assets)	12%	15.4%	18.5%	19.8%	18.1%	16.3%	17.4%	17.4%
Assets ¹	35,542	37,890	45,688	32,565	42,751	42,560	42,872	45,720
Book Value Per Share ²	2.580	1.970	-7.190	-23.70	-26.20	-23.20	-24.70	-25.80
Cash Flow per Share ²	5.520	14.70	14.50	13.60	13.90	15.40	19.20	21.00
Capex ¹	1,484	1,791	1,853	1,829	1,964	1,970	1,962	1,975
Capex / Sales	2.06%	2%	1.93%	1.88%	2.27%	2.33%	2.25%	2.19%
Announcement Date	26/02/20	24/02/21	23/02/22	01/03/23	27/02/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Lowe's Companies, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

221.3 USD

Average target price

251.5 USD

Spread / Average Target

+13.66%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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