회사 개요
Dollar Tree, Inc. operates a network of retail discount stores under the Dollar Tree and Dollar Tree Canada brands across the United States and Canada, offering a wide array of consumable merchandise including household paper, chemicals, food, candy, health and personal care products. The company is categorized within the Consumer Defensive sector and specifically within the Discount Stores industry, a classification that reflects its focus on providing essential goods to price-sensitive consumers regardless of economic cycles. As of the latest available data, the company's market capitalization stands at $20.40B, while its annual revenue over the trailing twelve months reaches $19.41B, supported by a workforce of 35,181 employees. These substantial market cap and revenue figures indicate that Dollar Tree, Inc. holds a significant position in the retail landscape, establishing itself as a major player capable of influencing consumer purchasing habits through its extensive store footprint and broad product assortment.
재무 건전성
Over the trailing twelve months, the company reported a total revenue of $19.41B, generating a net income of $1.23B and an EBITDA of $2.31B, where the substantial gap between total revenue and net income highlights a significant cost structure involving operating expenses, cost of goods sold, and taxes that absorbs approximately two-thirds of top-line sales. The business generated free cash flow of $1.28B, a figure that underscores the company's financial flexibility to fund operations, manage capital expenditures, and potentially return capital to shareholders without relying heavily on external financing. Profitability metrics reveal a gross margin of 36.7%, an operating margin of 13.5%, and a profit margin of 6.6%, indicating that while the company retains a healthy portion of revenue after direct costs, the final bottom-line profit is heavily impacted by overhead and administrative expenses. On the balance sheet, the company holds $717.80M in cash against total debt of $7.06B, resulting in a debt-to-equity ratio of 187.90, which suggests a leveraged financial position where debt obligations significantly exceed equity capitalization. Short-term liquidity is assessed via a current ratio of 1.07, indicating that the company's current assets are only slightly higher than its current liabilities, requiring efficient working capital management to meet immediate obligations. Return on equity stands at 31.7% while return on assets is 6.5%, metrics that reveal management's effectiveness in generating returns on shareholder equity is exceptionally high, even though the overall efficiency in utilizing total assets to generate profit is more modest.
밸류에이션 평가
The trailing twelve months P/E ratio is 17.27, while the forward P/E is projected at 13.87, implying that the market expects earnings growth that would justify a lower multiple in the future compared to current earnings levels. The price-to-book ratio is 5.42, which indicates that the stock trades at a significant premium over its net book value, suggesting investors are pricing in intangible assets, brand value, or future growth potential not captured on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 1.05 and an EV/EBITDA of 11.50 provide additional context, suggesting the company is valued roughly in line with its sales generation and earnings power relative to enterprise value. The 52-week high is recorded at $142.40 and the 52-week low at $68.86, meaning the current trading price sits within this historical range, reflecting recent market volatility and investor sentiment adjustments. The beta value is 0.74, indicating that the stock's price volatility is lower than the broader market, which aligns with its classification in the Consumer Defensive sector where demand for discount goods tends to remain stable during economic downturns.
Growth & Income
Revenue growth year-over-year is 9.0%, whereas earnings growth year-over-year is listed as N/A, preventing a direct comparison of earnings velocity against sales expansion but highlighting a need to analyze earnings quality separately from top-line expansion. Since the dividend yield is N/A and the payout ratio is 0.0%, the company does not distribute dividends to shareholders, meaning all earnings are retained within the business to fund growth initiatives, debt reduction, or share repurchases rather than providing immediate income to investors. This reinvestment strategy suggests the company prioritizes internal expansion and capital allocation over providing passive income streams to its shareholder base. Overall, the growth and income profile is characterized by solid single-digit revenue expansion without a current dividend yield, positioning the stock primarily as a growth-oriented investment in the discount retail space rather than an income generator.