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How does this work?
A valuation is an assessment of the value of one share in a company, it is not necessarily the same as the price listed in the sharemarket. You can use a variety of methods to value a company, Valuecruncher uses Discounted Cash Flow (DCF) analysis to help people create the valuations you see below.
Valuecruncher Valuation
-62.29%
from latest share price
Your Last Valuation
| Valuation | Compared to price | Member |
 Created
|
Views |
|---|---|---|---|---|
| $14.15 |
-62.29%
|
Valuecruncher | 09 Jan 2009 | 0 |
| $30.48 |
-8.41%
|
TheCrunchBlog | 14 Nov 2008 | 100 |
Price History
Recent Comments
Company Details
| Updated: | 1 hour ago |
| Ticker: | TGT |
| Market: | NYSE |
This valuation is part of this blog post:
http://blog.valuecruncher.com/2008/11/running-the-numbers-target-tgt-looks-overvalued/
Assumptions
Revenue: Reuters aggregates 16 analysts covering $TGT and these analysts have mean estimates of 2009 and 2010 revenues of US$67.2 billion and US$72.4 billion respectively. For our analysis we have used US$67.15 billion in 2009, US$68.25 billion in 2010 and US$70.5 billion in 2011.
Profitability: We have used an EBITDA margin of 10.0% in 2009 rising to 10.5% in 2010. Reuters has $TGT‘s EBITD margin at 10.7% last year and also averaging 10.7% over the last five-years.
Capital Expenditure: We have assumed capital expenditures of US$4.25 billion in 2009 then US$4.0 billion in 2010 and 2011 then US$3.75 billion per annum moving forward.
Discount Rate: 8.0%.
Terminal Growth Rate: 3.5%.
Our valuation is sensitive to the discount rate assumption. If we drop the discount rate to 7.5% then the valuation rises to US$37.29 5.5% above the current share price of US$35.33.