Company Valuation: Ross Stores, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 34,538 40,701 47,228 49,674 61,018 74,008 - -
Change - 17.84% 16.03% 5.18% 22.84% 21.29% - -
Enterprise Value (EV) 1 32,068 38,606 44,816 47,158 57,941 70,217 69,515 68,820
Change - 20.39% 16.09% 5.23% 22.87% 21.19% -1% -1%
P/E 20.1x 27x 25.2x 23.8x 28.5x 26.9x 26x 23.9x
PBR 8.47x 9.45x 9.72x 9.05x 9.89x 9.99x 8.18x 7.38x
PEG - -2.7x 0.9x 1.7x 6.21x 0.9x 7.86x 2.74x
Capitalization / Revenue 1.83x 2.18x 2.32x 2.35x 2.68x 2.88x 2.7x 2.53x
EV / Revenue 1.7x 2.06x 2.2x 2.23x 2.55x 2.73x 2.53x 2.36x
EV / EBITDA 11.9x 16.2x 16.4x 15.6x 18x 17.6x 16.6x 15.2x
EV / EBIT 13.7x 19.4x 19.4x 18.2x 21.4x 20.4x 19.3x 17.7x
EV / FCF 27.2x 37.3x 25.6x 28.8x 26.2x 28x 26.4x 28.4x
FCF Yield 3.68% 2.68% 3.91% 3.47% 3.81% 3.57% 3.79% 3.53%
Dividend per Share 2 1.14 1.24 1.34 1.47 1.62 1.785 1.928 2.158
Rate of return 1.17% 1.05% 0.96% 0.98% 0.86% 0.77% 0.83% 0.93%
EPS 2 4.87 4.38 5.56 6.32 6.61 8.626 8.912 9.689
Distribution rate 23.4% 28.3% 24.1% 23.3% 24.5% 20.7% 21.6% 22.3%
Net sales 1 18,916 18,696 20,377 21,129 22,751 25,679 27,431 29,212
EBITDA 1 2,694 2,385 2,727 3,032 3,217 3,992 4,196 4,525
EBIT 1 2,333 1,990 2,308 2,586 2,707 3,443 3,606 3,893
Net income 1 1,723 1,512 1,875 2,091 2,145 2,727 2,799 3,005
Net Debt 1 -2,470 -2,095 -2,412 -2,516 -3,077 -3,791 -4,493 -5,187
Reference price 2 97.75 118.19 140.28 150.56 188.65 231.67 231.67 231.67
Nbr of stocks (in thousands) 353,330 344,371 336,666 329,929 323,445 319,453 - -
Announcement Date 1/3/22 28/2/23 5/3/24 4/3/25 3/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.86x2.73x17.59x0.77% 74.01B
26.07x4.01x14.18x3.41% 206B
40.7x5x20.72x0.92% 134B
46.42x2.63x10.1x1.39% 34.86B
21.99x1.48x8.38x4.25% 28.81B
15.46x3.01x11.55x1.52% 24.45B
18.76x2.6x11.66x1.9% 23.5B
22.51x1.34x11.38x-.--% 16.24B
14.66x1.75x7.43x4.42% 10.4B
6.73x0.43x3.94x3.09% 7.84B
Average 24.02x 2.50x 11.69x 2.17% 55.98B
Weighted average by Cap. 29.38x 3.59x 15.07x 2.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Ross Stores, Inc.