Dollar General Corp
DG
Retail-Variety Stores
Mkt Cap
$31.22BPE
18.79Debt
$7.869BCash
$537.3MEV
$38.55BFCF
$691.6MP/E Ratio
18.79Debt
$7.869BCash
$537.3MEV
$38.55BFCF
$691.6MCharts data: {"Earnings":[{"time":"2015-01-29","value":1065345000},{"time":"2016-01-28","value":1165080000},{"time":"2017-02-02","value":1251133000},{"time":"2018-02-01","value":1538960000},{"time":"2019-01-31","value":1589472000},{"time":"2020-01-30","value":1712555000},{"time":"2021-01-28","value":2655050000},{"time":"2022-01-27","value":2399232000},{"time":"2023-02-02","value":2415989000},{"time":"2024-02-01","value":1661274000}],"Sales":[{"time":"2015-01-29","value":18909588000},{"time":"2016-01-28","value":20368562000},{"time":"2017-02-02","value":21986598000},{"time":"2018-02-01","value":23470967000},{"time":"2019-01-31","value":25625043000},{"time":"2020-01-30","value":27753973000},{"time":"2021-01-28","value":33746839000},{"time":"2022-01-27","value":34220449000},{"time":"2023-02-02","value":37844863000},{"time":"2024-02-01","value":38691609000}],"Net Margins":[{"time":"2015-01-29","value":0.05633887951445584},{"time":"2016-01-28","value":0.05719991426002484},{"time":"2017-02-02","value":0.056904346911695936},{"time":"2018-02-01","value":0.06556866617383085},{"time":"2019-01-31","value":0.06202807152362632},{"time":"2020-01-30","value":0.061704859336715503},{"time":"2021-01-28","value":0.0786755168387771},{"time":"2022-01-27","value":0.07011106137152087},{"time":"2023-02-02","value":0.06383928513626803},{"time":"2024-02-01","value":0.042936286262998266}],"Assets":[{"time":"2015-01-29","value":11224104000},{"time":"2016-01-28","value":11257885000},{"time":"2017-02-02","value":11672298000},{"time":"2018-02-01","value":12516911000},{"time":"2019-01-31","value":13204038000},{"time":"2020-01-30","value":22825084000},{"time":"2021-01-28","value":25862624000},{"time":"2022-01-27","value":26327371000},{"time":"2023-02-02","value":29083367000},{"time":"2024-02-01","value":30795591000}],"Stockholders Equity":[{"time":"2015-01-29","value":5710038000},{"time":"2016-01-28","value":5377876000},{"time":"2017-02-02","value":5406294000},{"time":"2018-02-01","value":6125774000},{"time":"2019-01-31","value":6417393000},{"time":"2020-01-30","value":6702500000},{"time":"2021-01-28","value":6661238000},{"time":"2022-01-27","value":6261986000},{"time":"2023-02-02","value":5541772000},{"time":"2024-02-01","value":6749119000}],"ROE":[{"time":"2015-01-29","value":0.18657406483109218},{"time":"2016-01-28","value":0.21664315056724998},{"time":"2017-02-02","value":0.23142156160948701},{"time":"2018-02-01","value":0.25122702861711843},{"time":"2019-01-31","value":0.2476818857751115},{"time":"2020-01-30","value":0.2555098843715032},{"time":"2021-01-28","value":0.39858206537583557},{"time":"2022-01-27","value":0.38314234493657445},{"time":"2023-02-02","value":0.4359596533383185},{"time":"2024-02-01","value":0.2461467933814769}],"ROA":[{"time":"2015-01-29","value":0.15761552102510812},{"time":"2016-01-28","value":0.17234977973216106},{"time":"2017-02-02","value":0.1767817271286254},{"time":"2018-02-01","value":0.16040842664775679},{"time":"2019-01-31","value":0.1602771818742115},{"time":"2020-01-30","value":0.10086727391671374},{"time":"2021-01-28","value":0.13744796351677233},{"time":"2022-01-27","value":0.12233181201419617},{"time":"2023-02-02","value":0.11444005090607287},{"time":"2024-02-01","value":0.07943669598677291}]}
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine. The company's consumable products also comprise snacks, such as candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, including over-the-counter medicines and personal care products, such as soaps, body washes, shampoos, cosmetics, and dental hygiene and foot care products; pet supplies and pet food; and tobacco products. In addition, it offers seasonal products comprising holiday items, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, and automotive and home office supplies; and home products that include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, and bed and bath soft goods. Further, the company provides apparel, which comprise casual everyday apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.
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DCF
Discounted Cash Flow Valuation of Dollar General Corp
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $691.6M | $634.2M | $581.5M | $533.3M | $489M | $448.4M | $411.2M | $377.1M | $345.8M | $317.1M | $290.8M | $2.908B |
| DCF | $551.5M | $439.7M | $350.6M | $279.6M | $223M | $177.8M | $141.8M | $113M | $90.14M | $71.88M | $718.8M | |
| Value | $3.158B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 10%
Earnings Stability 72%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 01-2016 | 02-2017 | 02-2018 | 01-2019 | 01-2020 | 01-2021 | 01-2022 | 02-2023 | 02-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.7% | 5.7% | 6.6% | 6.2% | 6.2% | 7.9% | 7% | 6.4% | 4.3% | 4.3% |
| ROA | 17% | 18% | 16% | 16% | 10% | 14% | 12% | 11% | 7.9% | 7.9% |
| ROE | 22% | 23% | 25% | 25% | 26% | 40% | 38% | 44% | 25% | 25% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +6.32%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.28%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +11.91%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -1.08%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +32.78%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +1.48%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 01-2016 | 02-2017 | 02-2018 | 01-2019 | 01-2020 | 01-2021 | 01-2022 | 02-2023 | 02-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 3.35 | 3.07 | 2.60 | 2.03 | 2.00 | 1.45 | 2.32 | 16.53 | 11.38 | 11.38 |
| Debt Equity | 0.55 | 0.59 | 0.49 | 0.45 | 0.43 | 0.62 | 0.67 | 1.26 | 1.17 | 1.17 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | 100% | 100% | 100% | 67% | 67% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 11.38.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 2.61.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.67.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 02-2017 | 01-2019 | 01-2021 | 02-2023 | Trend |
|---|---|---|---|---|---|
| Revenue | 8.4% | 8.6% | 4.7% | 2.2% | -0.2% |
| Net Income | 4.1% | 0.89% | -14% | -31% | -3.3% |
| Stockholders Equity | 3.2% | 1% | 0.44% | 22% | 0.51% |
| FCF | -5.7% | -13% | -38% | 63% | -0.47% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +8.59%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -0.2%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +0.89%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -3.27%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +1.01%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +0.51%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -13.27%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -0.47%.