Kohls Corp

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

Earnings Score
Moat Score
Safety Score

Market Cap $1.70B
PE 7
Debt $1.53B
Cash $174.00M
EV $3.05B
FCF $392.00M

Earnings

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Sales & Net Margins

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Earnings	$247.00M
EBIT	$606.00M
ROE	6%
ROA	4%
FCF	$392.00M
Equity	$3.80B
Growth Stability	-22%
PE	6.88
PEG	-0.69
PB	0.45
P/FCF	4.34
P/S	0.1
Price/Cash	0.1
Debt/Equity	0.4
Debt/FCF	3.9
Net Margins	1%
Gross Margins	40%
Op. Margins	4%
Earnings CAGR	-2%
Sales Growth YoY	-8%
Sales Growth QoQ	-1%
Sales CAGR	-2%
FCF CAGR	-2%
Equity CAGR	-4%
Earnings Stability	0.08
Earnings Growth YoY	-63%
Earnings Growth QoQ	-67%
Earnings CAGR 5Y	-10%

Sales CAGR 5Y	21%
FCF CAGR 5Y	-15%
Equity CAGR 5Y	-8%
Earnings CAGR 3Y	-5%
Sales CAGR 3Y	-5%
FCF CAGR 3Y	-22%
Equity CAGR 3Y	-7%
Market Cap	$1.70B
Revenue	$16.78B
Dividend Yield	13%
Payout Ratio	89%
Assets	$15.05B
Total Debt	$1.53B
Cash	$174.00M
Shares Outstanding	111M
EV	3.05B
Earnings Score	6%
Moat Score	55%
Safety Score	58%
Final Score	40%
Working Capital	224M
Current Ratio	1.05
Gross Profit	$6.73B
Shares Growth 3y	-8%
Equity Growth QoQ	-1%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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Kohl's operates 1,165 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 27% of its 2021 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.

SEC Filings

Direct access to Kohls Corp (KSS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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
2022
- 10-Q Oct 29
- 10-Q Jul 30
- 10-Q Apr 30
- 10-K Jan 29

Sector Comparison

How does Kohls Corp compare to its competitors?

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Peter Lynch's Chart

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

CAGR -2%

Stability 8%

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Kohls Corp Discounted Cash Flow

Fully customizable DCF calculator online for Kohls Corp.

Years

Calculation mode

= $3.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$392M	$382M	$373M	$364M	$354M	$346M	$337M	$329M	$321M	$313M	$305M	$3B
DCF		$348M	$308M	$273M	$242M	$215M	$190M	$169M	$150M	$133M	$118M	$1.2B
Value	$3.3B

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	01/2015	01/2016	01/2017	02/2018	02/2019	01/2021	01/2022	01/2023	02/2024	TTM
Net Margins	5%	4%	3%	4%	4%	-1%	5%	-0%	2%	1%
ROA	-	11%	9%	11%	11%	-	11%	2%	5%	4%
ROE	-	12%	11%	16%	14%	-3%	20%	-1%	8%	6%

Bad Net Margins (0.56%)

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	01/2015	01/2016	01/2017	02/2018	02/2019	01/2021	01/2022	01/2023	02/2024	TTM
Debt over FCF	-	3.72	2.12	2.87	1.29	-	1.15	-3.51	2.77	3.9
Debt over Equity	0.48	0.53	0.57	0.54	0.36	0.47	0.41	0.51	0.42	0.4
Growth Stability	-	-	-	100%	100%	-22%	100%	-4%	100%	-22%

Neutral Debt/FCF ratio (3.9)

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.

Good Debt/Equity ratio (0.4)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-22%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	01/2015	01/2016	01/2017	02/2018	02/2019	01/2021	01/2022	01/2023	02/2024	CAGR 5Y
Revenue YoY growth	-	1%	2%	2%	1%	-21%	22%	-7%	-3%	21%
Earnings YoY growth	-	-22%	-17%	54%	-7%	-120%	-675%	-102%	-2K%	-10%
Equity YoY growth	-	-8%	-6%	5%	2%	-6%	-10%	-19%	3%	-8%
FCF YoY growth	-	-42%	76%	-26%	50%	-34%	66%	-133%	-209%	-15%