Macys Free Cash Flow per Share vs Income Tax Expense Analysis

M Stock  USD 19.85  0.77  4.04%   
Macys financial indicator trend analysis is infinitely more than just investigating Macys Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macys Inc is a good investment. Please check the relationship between Macys Free Cash Flow Per Share and its Income Tax Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Free Cash Flow Per Share vs Income Tax Expense

Free Cash Flow per Share vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macys Inc Free Cash Flow per Share account and Income Tax Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Macys' Free Cash Flow per Share and Income Tax Expense is 0.4. Overlapping area represents the amount of variation of Free Cash Flow per Share that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Macys Inc, assuming nothing else is changed. The correlation between historical values of Macys' Free Cash Flow per Share and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow per Share of Macys Inc are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Free Cash Flow per Share i.e., Macys' Free Cash Flow per Share and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Income Tax Expense

Most indicators from Macys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macys Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
As of the 28th of March 2024, Enterprise Value Multiple is likely to grow to 7.08, while Selling General Administrative is likely to drop about 7.9 B.
 2021 2022 2023 2024 (projected)
Gross Profit10.3B10.0B9.7B9.2B
Total Revenue25.3B25.3B23.9B22.8B

Macys fundamental ratios Correlations

0.8-0.080.940.760.780.630.70.740.550.98-0.210.55-0.80.760.90.960.75-0.160.940.580.930.4-0.70.720.72
0.8-0.050.850.270.880.880.370.650.540.82-0.030.54-0.750.630.930.660.48-0.190.920.690.680.62-0.680.610.61
-0.08-0.05-0.260.11-0.07-0.07-0.32-0.640.02-0.10.720.020.09-0.03-0.08-0.2-0.410.09-0.160.28-0.030.10.220.370.36
0.940.85-0.260.570.850.70.690.870.540.94-0.250.54-0.860.680.890.90.79-0.240.960.610.850.51-0.80.60.6
0.760.270.110.570.410.130.620.410.320.72-0.230.32-0.480.590.420.750.610.050.50.260.750.11-0.340.610.61
0.780.88-0.070.850.410.840.550.720.350.86-0.070.35-0.910.510.780.670.59-0.330.830.830.580.54-0.840.530.53
0.630.88-0.070.70.130.840.410.580.070.730.110.07-0.670.250.780.530.43-0.480.770.720.390.53-0.720.260.26
0.70.37-0.320.690.620.550.410.70.040.74-0.280.04-0.680.240.540.820.8-0.570.620.490.56-0.07-0.80.170.17
0.740.65-0.640.870.410.720.580.70.330.75-0.450.33-0.760.440.670.760.82-0.360.770.340.630.23-0.770.230.23
0.550.540.020.540.320.350.070.040.330.42-0.251.0-0.390.860.570.450.240.440.570.180.720.35-0.160.820.82
0.980.82-0.10.940.720.860.730.740.750.42-0.180.42-0.840.670.890.930.76-0.240.940.680.840.42-0.780.630.63
-0.21-0.030.72-0.25-0.23-0.070.11-0.28-0.45-0.25-0.18-0.250.05-0.41-0.09-0.3-0.34-0.32-0.160.26-0.24-0.020.02-0.1-0.11
0.550.540.020.540.320.350.070.040.331.00.42-0.25-0.390.860.570.450.240.440.570.180.720.35-0.160.820.82
-0.8-0.750.09-0.86-0.48-0.91-0.67-0.68-0.76-0.39-0.840.05-0.39-0.47-0.75-0.75-0.680.44-0.82-0.79-0.64-0.320.93-0.52-0.52
0.760.63-0.030.680.590.510.250.240.440.860.67-0.410.86-0.470.70.670.40.460.710.280.830.42-0.240.860.87
0.90.93-0.080.890.420.780.780.540.670.570.89-0.090.57-0.750.70.840.57-0.220.980.640.820.42-0.70.640.64
0.960.66-0.20.90.750.670.530.820.760.450.93-0.30.45-0.750.670.840.76-0.250.890.50.910.23-0.720.580.58
0.750.48-0.410.790.610.590.430.80.820.240.76-0.340.24-0.680.40.570.76-0.320.680.340.650.2-0.690.30.3
-0.16-0.190.09-0.240.05-0.33-0.48-0.57-0.360.44-0.24-0.320.440.440.46-0.22-0.25-0.32-0.23-0.420.020.180.660.330.34
0.940.92-0.160.960.50.830.770.620.770.570.94-0.160.57-0.820.710.980.890.68-0.230.640.860.47-0.760.640.64
0.580.690.280.610.260.830.720.490.340.180.680.260.18-0.790.280.640.50.34-0.420.640.360.44-0.80.460.46
0.930.68-0.030.850.750.580.390.560.630.720.84-0.240.72-0.640.830.820.910.650.020.860.360.32-0.490.790.79
0.40.620.10.510.110.540.53-0.070.230.350.42-0.020.35-0.320.420.420.230.20.180.470.440.32-0.210.520.51
-0.7-0.680.22-0.8-0.34-0.84-0.72-0.8-0.77-0.16-0.780.02-0.160.93-0.24-0.7-0.72-0.690.66-0.76-0.8-0.49-0.21-0.26-0.26
0.720.610.370.60.610.530.260.170.230.820.63-0.10.82-0.520.860.640.580.30.330.640.460.790.52-0.261.0
0.720.610.360.60.610.530.260.170.230.820.63-0.110.82-0.520.870.640.580.30.340.640.460.790.51-0.261.0
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Macys Account Relationship Matchups

Macys fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets21.2B17.7B17.6B16.9B17.4B20.2B
Short Long Term Debt Total7.1B8.0B6.8B6.4B6.3B7.0B
Other Current Liab(758M)(616M)(806M)(779M)1.2B1.2B
Total Current Liabilities5.8B5.4B5.4B4.9B4.4B5.1B
Total Stockholder Equity6.4B2.6B3.6B4.1B4.1B6.2B
Property Plant And Equipment Net9.3B8.8B8.5B8.6B7.6B8.3B
Net Debt6.4B6.4B5.1B5.5B5.3B5.9B
Retained Earnings8.0B3.9B5.3B6.3B6.2B4.5B
Accounts Payable5.1B4.9B5.3B4.8B2.5B3.8B
Cash685M1.7B1.7B862M1.0B1.1B
Non Current Assets Total14.4B11.5B10.8B11.0B11.3B12.5B
Non Currrent Assets Other714M1.4B1.1B210M2.0B2.1B
Cash And Short Term Investments685M1.7B1.7B862M1.0B1.1B
Net Receivables409M276M297M300M376M357.2M
Liabilities And Stockholders Equity21.2B17.7B17.6B16.9B17.4B20.2B
Non Current Liabilities Total9.0B9.8B8.6B7.9B8.9B9.0B
Inventory5.2B3.8B4.4B4.3B4.4B4.6B
Other Current Assets528M455M366M424M318M398.0M
Other Stockholder Equity(620M)(590M)(1.0B)(1.6B)(1.6B)(1.5B)
Total Liab14.8B15.2B14.0B12.8B13.3B14.0B
Property Plant And Equipment Gross9.3B8.8B8.5B8.6B11.9B8.4B
Total Current Assets6.8B6.2B6.8B5.9B6.1B7.7B
Accumulated Other Comprehensive Income(995M)(788M)(622M)(618M)(496M)(520.8M)
Short Term Debt539M452M433M438M358M495.3M
Intangible Assets439M437M435M432M430M538.2M
Other Liab2.5B2.2B2.2B2.0B2.3B2.0B
Other Assets72M1.4B1.1B1.2B1.3B1.4B
Long Term Debt3.6B4.4B3.3B3.0B3.0B4.5B
Treasury Stock(1.3B)(1.2B)(1.2B)(1.5B)(1.8B)(1.9B)
Property Plant Equipment6.6B8.8B8.5B8.6B9.9B8.9B
Current Deferred Revenue839M616M481M399M384M675.9M
Net Tangible Assets1.3B2.1B4.9B2.4B2.7B1.7B

Macys Investors Sentiment

The influence of Macys' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Macys. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Macys' public news can be used to forecast risks associated with an investment in Macys. The trend in average sentiment can be used to explain how an investor holding Macys can time the market purely based on public headlines and social activities around Macys Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Macys' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Macys' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Macys' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Macys.

Macys Implied Volatility

    
  57.48  
Macys' implied volatility exposes the market's sentiment of Macys Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Macys' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Macys stock will not fluctuate a lot when Macys' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Macys in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Macys' short interest history, or implied volatility extrapolated from Macys options trading.

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When determining whether Macys Inc is a strong investment it is important to analyze Macys' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Macys' future performance. For an informed investment choice regarding Macys Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Macys Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running Macys' price analysis, check to measure Macys' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Macys is operating at the current time. Most of Macys' value examination focuses on studying past and present price action to predict the probability of Macys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Macys' price. Additionally, you may evaluate how the addition of Macys to your portfolios can decrease your overall portfolio volatility.
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Is Macys' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Macys. If investors know Macys will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Macys listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.61)
Dividend Share
0.662
Earnings Share
0.38
Revenue Per Share
87.039
Quarterly Revenue Growth
(0.02)
The market value of Macys Inc is measured differently than its book value, which is the value of Macys that is recorded on the company's balance sheet. Investors also form their own opinion of Macys' value that differs from its market value or its book value, called intrinsic value, which is Macys' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Macys' market value can be influenced by many factors that don't directly affect Macys' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Macys' value and its price as these two are different measures arrived at by different means. Investors typically determine if Macys is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Macys' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.