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

Equities

LOW *

US5486611073

Home Improvement Products & Services Retailers

End-of-day quote Mexican S.E. Other stock markets 23:00:00 23/06/2024 BST			5-day change	1st Jan Change
4,080 ^MXN	-1.54%		-2.74%	+8.54%

03:43pm	Monetary policy is getting even more confusing
03:00pm	Transcript : Lowe's Companies, Inc. Presents at Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference, Jun-26-2024 09:00 AM

Valuation

Fiscal Period: February	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	89,095	122,116	161,100	133,978	126,231	123,797	-	-
Enterprise Value (EV) ¹	107,525	138,700	184,423	166,206	160,924	157,084	158,355	157,233
P/E ratio	21.2 x	21.5 x	19.9 x	21.8 x	16.6 x	17.8 x	16.3 x	14.9 x
Yield	1.83%	1.38%	1.25%	1.78%	1.98%	2.1%	2.2%	2.35%
Capitalization / Revenue	1.23 x	1.36 x	1.67 x	1.38 x	1.46 x	1.47 x	1.42 x	1.37 x
EV / Revenue	1.49 x	1.55 x	1.92 x	1.71 x	1.86 x	1.86 x	1.81 x	1.74 x
EV / EBITDA	13.5 x	12.3 x	13.2 x	11.3 x	12.1 x	12.6 x	12 x	11.4 x
EV / FCF	38.2 x	15 x	22.3 x	24.6 x	26.1 x	19.9 x	20.6 x	19.1 x
FCF Yield	2.62%	6.67%	4.48%	4.07%	3.84%	5.02%	4.84%	5.23%
Price to Book	45 x	84.8 x	-33.3 x	-9.34 x	-8.37 x	-9.41 x	-8.95 x	-8.44 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	217.2	217.2	217.2
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	84,495	87,342	90,257
EBITDA ¹	7,989	11,286	13,975	14,681	13,274	12,475	13,165	13,804
EBIT ¹	6,579	9,692	12,093	12,700	11,557	10,605	11,285	11,913
Operating Margin	9.12%	10.82%	12.56%	13.08%	13.38%	12.55%	12.92%	13.2%
Earnings before Tax (EBT) ¹	5,623	7,739	11,208	9,036	10,175	9,218	9,870	10,511
Net income ¹	4,281	5,835	8,442	6,437	7,726	6,950	7,396	7,871
Net margin	5.93%	6.51%	8.77%	6.63%	8.94%	8.23%	8.47%	8.72%
EPS ²	5.490	7.750	12.04	10.17	13.20	12.21	13.36	14.53
Free Cash Flow ¹	2,812	9,258	8,260	6,760	6,176	7,878	7,670	8,218
FCF margin	3.9%	10.33%	8.58%	6.96%	7.15%	9.32%	8.78%	9.1%
FCF Conversion (EBITDA)	35.2%	82.03%	59.11%	46.05%	46.53%	63.15%	58.26%	59.53%
FCF Conversion (Net income)	65.69%	158.66%	97.84%	105.02%	79.94%	113.36%	103.71%	104.41%
Dividend per Share ²	2.130	2.300	3.000	3.950	4.350	4.561	4.773	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 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	2026 Q2
Net sales ¹	21,339	23,659	27,476	23,479	22,445	22,347	24,956	20,471	18,602	21,364	24,037	20,385	18,691	22,189	24,900
EBITDA ¹	2,343	3,805	4,733	3,484	2,617	3,703	4,362	3,130	2,129	3,081	3,861	3,225	2,324	3,265	4,098
EBIT ¹	1,849	3,302	4,229	2,982	2,145	3,288	3,886	2,696	1,687	2,653	3,404	2,747	1,820	2,853	3,622
Operating Margin	8.66%	13.96%	15.39%	12.7%	9.56%	14.71%	15.57%	13.17%	9.07%	12.42%	14.16%	13.47%	9.74%	12.86%	14.55%
Earnings before Tax (EBT) ¹	1,614	3,059	3,965	629	1,382	2,939	3,545	2,351	1,339	2,301	3,069	2,412	1,476	2,522	3,256
Net income ¹	1,206	2,333	2,992	154	957	2,260	2,673	1,773	1,020	1,755	2,294	1,802	1,108	1,885	2,435
Net margin	5.65%	9.86%	10.89%	0.66%	4.26%	10.11%	10.71%	8.66%	5.48%	8.21%	9.55%	8.84%	5.93%	8.5%	9.78%
EPS ²	1.780	3.510	4.670	0.2500	1.580	3.770	4.560	3.060	1.770	3.060	4.024	3.128	1.958	3.341	4.406
Dividend per Share ²	0.8000	0.8000	1.050	1.050	1.050	1.050	1.100	1.100	1.100	1.100	1.131	1.154	1.154	1.137	1.125
Announcement Date	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	33,288	34,559	33,436
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.307 x	1.469 x	1.669 x	2.195 x	2.614 x	2.668 x	2.625 x	2.422 x
Free Cash Flow ¹	2,812	9,258	8,260	6,760	6,176	7,878	7,670	8,218
ROE (net income / shareholders' equity)	159%	342%	-	-	-	-	-	-
ROA (Net income/ Total Assets)	12%	15.4%	18.5%	19.8%	18.1%	16.4%	17.5%	17.4%
Assets ¹	35,542	37,890	45,688	32,565	42,751	42,325	42,328	45,234
Book Value Per Share ²	2.580	1.970	-7.190	-23.70	-26.20	-23.10	-24.30	-25.80
Cash Flow per Share ²	5.520	14.70	14.50	13.60	13.90	16.50	19.30	21.00
Capex ¹	1,484	1,791	1,853	1,829	1,964	1,972	1,967	2,004
Capex / Sales	2.06%	2%	1.93%	1.88%	2.27%	2.33%	2.25%	2.22%
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

217.2 USD

Average target price

251.1 USD

Spread / Average Target

+15.60%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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