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Microsoft Excel LibreOffice Calc

TJX Cos. Inc. (TJX)

Enterprise Value to FCFF (EV/FCFF)

Intermediate level

Free Cash Flow to The Firm (FCFF)

TJX Cos. Inc., FCFF calculation

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Net income
Net noncash charges
Changes in assets and liabilities
Net cash provided by operating activities
Cash paid for interest on debt, net of tax1
Capitalized interest, net of tax2
Property additions
Build-to-suit lease obligation
Free cash flow to the firm (FCFF)

Based on: 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1, 2 See details »

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the TJX Cos. Inc.’s suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. TJX Cos. Inc.’s FCFF decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Interest Paid, Net of Tax

TJX Cos. Inc., interest paid, net of tax calculation

US$ in thousands

Microsoft Excel LibreOffice Calc
12 months ended Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash paid for interest on debt, before tax
Less: Cash paid for interest on debt, tax2
Cash paid for interest on debt, net of tax
Interest Costs Capitalized, Net of Tax
Capitalized interest, before tax
Less: Capitalized interest, tax3
Capitalized interest, net of tax

Based on: 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 See details »

2 2019 Calculation
Cash paid for interest on debt, tax = Cash paid for interest on debt × EITR
= × =

3 2019 Calculation
Capitalized interest, tax = Capitalized interest × EITR
= × =

Enterprise Value to FCFF Ratio, Current

TJX Cos. Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Selected Financial Data (US$ in thousands)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
EV/FCFF, Sector
General Retailers
EV/FCFF, Industry
Consumer Services

Based on: 10-K (filing date: 2019-04-03).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.

Enterprise Value to FCFF Ratio, Historical

TJX Cos. Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Feb 2, 2019 Feb 3, 2018 Jan 28, 2017 Jan 30, 2016 Jan 31, 2015 Feb 1, 2014
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Amazon.com Inc.
Costco Wholesale Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Walmart Inc.
EV/FCFF, Sector
General Retailers
EV/FCFF, Industry
Consumer Services

Based on: 10-K (filing date: 2019-04-03), 10-K (filing date: 2018-04-04), 10-K (filing date: 2017-03-28), 10-K (filing date: 2016-03-29), 10-K (filing date: 2015-03-31), 10-K (filing date: 2014-04-01).

1 See details »

2 See details »

3 2019 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. TJX Cos. Inc.’s EV/FCFF ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.