Five Below, Inc

Consumer Discretionary
Department/Specialty Retail Stores
www.fivebelow.com

Earnings Score
Moat Score

Market Cap $4.48B
PE 18
Debt -
Cash $331.72M
EV -
FCF $106.65M

Earnings

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Sales & Net Margins

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Earnings	$253.61M
EBIT	$338.67M
ROE	14%
ROA	8%
FCF	$106.65M
Equity	$1.81B
Growth Stability	87%
PE	17.66
PEG	0.83
PB	2.48
P/FCF	41.98
P/S	1.16
Price/Cash	0.07
Net Margins	7%
Gross Margins	35%
Op. Margins	9%
Earnings CAGR	20%
Sales Growth YoY	4%
Sales Growth QoQ	65%
Sales CAGR	19%
FCF CAGR	4%
Equity CAGR	26%
Earnings Stability	0.82
Earnings Growth YoY	-7%

Earnings Growth QoQ	11K%
Earnings CAGR 5Y	21%
Sales CAGR 5Y	19%
FCF CAGR 5Y	-11%
Equity CAGR 5Y	21%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
FCF CAGR 3Y	9%
Equity CAGR 3Y	18%
Market Cap	$4.48B
Revenue	$3.88B
Assets	$4.34B
Cash	$331.72M
Shares Outstanding	55.01M
Earnings Score	94%
Moat Score	88%
Working Capital	594.93M
Current Ratio	1.79
Gross Profit	$1.35B
Shares Growth 3y	-0%
Equity Growth QoQ	12%
Equity Growth YoY	14%

Assets & ROA

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Stockholders Equity & ROE

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Five Below is a value-oriented retailer that operated 1,190 stores in the United States as of the end of fiscal 2021. Catering to teen and preteen consumers, stores feature a wide variety of merchandise, the vast majority of which is priced below $6. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 48% of fiscal 2021 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 30% of fiscal 2021 sales), and party and snack (including seasonal goods, candy, and beverages; 22% of fiscal 2021 sales). The chain had stores in 40 states as of the end of fiscal 2021.

SEC Filings

Direct access to Five Below, Inc (FIVE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-K Feb 01
2024
- 10-Q Nov 02
- 10-Q Aug 03
- 10-Q May 04
- 10-K Feb 03
2023
- 10-Q Oct 28
- 10-Q Jul 29
- 10-Q Apr 29
- 10-K Jan 28

Sector Comparison

How does Five Below, Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Five Below, Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 20%

Stability 82%

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Five Below, Inc Discounted Cash Flow

Fully customizable DCF calculator online for Five Below, Inc.

Years

Calculation mode

= $1.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$107M	$111M	$115M	$119M	$124M	$129M	$134M	$139M	$144M	$150M	$155M	$1.6B
DCF		$101M	$95M	$90M	$85M	$80M	$75M	$71M	$67M	$63M	$60M	$599M
Value	$1.4B

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	01/2017	02/2018	02/2019	01/2020	01/2021	01/2022	01/2023	02/2024	01/2025	TTM
Net Margins	7%	7%	8%	10%	9%	6%	10%	9%	8%	7%	7%
ROA	-	23%	23%	21%	12%	7%	13%	10%	10%	8%	8%
ROE	-	22%	22%	24%	23%	14%	25%	19%	19%	14%	14%

Bad Net Margins (6.54%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

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	01/2017	02/2018	02/2019	01/2020	01/2021	01/2022	01/2023	02/2024	01/2025	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	87%	100%	100%	100%	90%	87%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (87%)

The company has a stability in its earnings that is not too good nor too bad.

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	01/2016	01/2017	02/2018	02/2019	01/2020	01/2021	01/2022	01/2023	02/2024	01/2025	CAGR 5Y
Revenue YoY growth	-	20%	28%	22%	18%	6%	45%	8%	16%	9%	19%
Earnings YoY growth	-	25%	43%	46%	17%	-30%	126%	-6%	15%	-16%	21%
Equity YoY growth	-	36%	38%	34%	24%	16%	27%	22%	16%	14%	21%
FCF YoY growth	-	77%	61%	-29%	-136%	-756%	-76%	58%	161%	-35%	-11%