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 73,695 - -
Change - 17.84% 16.03% 5.18% 22.84% 20.78% - -
Enterprise Value (EV) 1 32,068 38,606 44,816 47,158 57,941 69,904 69,202 68,507
Change - 20.39% 16.09% 5.23% 22.87% 20.65% -1% -1%
P/E 20.1x 27x 25.2x 23.8x 28.5x 26.7x 25.9x 23.8x
PBR 8.47x 9.45x 9.72x 9.05x 9.89x 9.95x 8.15x 7.35x
PEG - -2.7x 0.9x 1.7x 6.21x 0.9x 7.83x 2.73x
Capitalization / Revenue 1.83x 2.18x 2.32x 2.35x 2.68x 2.87x 2.69x 2.52x
EV / Revenue 1.7x 2.06x 2.2x 2.23x 2.55x 2.72x 2.52x 2.35x
EV / EBITDA 11.9x 16.2x 16.4x 15.6x 18x 17.5x 16.5x 15.1x
EV / EBIT 13.7x 19.4x 19.4x 18.2x 21.4x 20.3x 19.2x 17.6x
EV / FCF 27.2x 37.3x 25.6x 28.8x 26.2x 27.9x 26.2x 28.2x
FCF Yield 3.68% 2.68% 3.91% 3.47% 3.81% 3.59% 3.81% 3.54%
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% 0.84% 0.94%
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 97.75 118.19 140.28 150.56 188.65 230.69 230.69 230.69
Nbr of stocks (in thousands) 3,53,330 3,44,371 3,36,666 3,29,929 3,23,445 3,19,453 - -
Announcement Date 01/03/22 28/02/23 05/03/24 04/03/25 03/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.74x2.72x17.51x0.77% 7.37TCr
26.36x4.06x14.35x3.38% 21TCr
41.36x5.09x21.07x0.9% 14TCr
46.54x2.64x10.12x1.38% 3.49TCr
22.39x1.5x8.5x4.17% 2.93TCr
15.4x3x11.5x1.53% 2.44TCr
18.95x2.62x11.74x1.89% 2.37TCr
23.1x1.37x11.66x-.--% 1.67TCr
15.02x1.79x7.58x4.31% 1.07TCr
6.76x0.43x3.96x3.07% 787.9Cr
Average 24.26x 2.52x 11.80x 2.14% 5.65TCr
Weighted average by Cap. 29.69x 3.63x 15.23x 2.13%

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.