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Best Buy Co Inc
NYSE:BBY

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Best Buy Co Inc Logo
Best Buy Co Inc
NYSE:BBY
Watchlist
Price: 80.88 USD 1.51% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

Best Buy Co., Inc. engages in the provision of consumer technology products and services. [ Read More ]

The intrinsic value of one BBY stock under the Base Case scenario is 92.4 USD. Compared to the current market price of 80.88 USD, Best Buy Co Inc is Undervalued by 12%.

Key Points:
BBY Intrinsic Value
Base Case
92.4 USD
Undervaluation 12%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Best Buy Co Inc

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Fundamental Analysis

Declining Q3 Sales, Q4 Outlook Lowered
2024-Q3 Earnings Call

Declining Q3 Sales, Q4 Outlook Lowered

Against a backdrop of industry sales pressure, the company saw a 6.9% decline in enterprise revenue to $9.8 billion, with non-GAAP operating income falling slightly by 0.1% to a rate of 3.8%. A 6.5% decrease in non-GAAP diluted earnings per share to $1.29 underscored a challenging quarter, lacking the expected sequential improvement from the second quarter despite August being the best-performing month with a 6% decline. Contrarily, SG&A expenses were reduced, driven by prudent expense management. Q3 performance, below initial expectations, mandates a downward adjustment of Q4's revenue outlook; however, midpoint annual EPS guidance is raised marginally, reflective of operational execution resilience amid persistent market volatility.

Financials

Balance Sheet Decomposition
Best Buy Co Inc

Current Assets 9.9B
Cash & Short-Term Investments 636m
Receivables 901m
Other Current Assets 8.3B
Non-Current Assets 7B
PP&E 5.1B
Intangibles 1.5B
Other Non-Current Assets 361m
Current Liabilities 10B
Accounts Payable 7.1B
Accrued Liabilities 1.6B
Other Current Liabilities 1.3B
Non-Current Liabilities 4.1B
Long-Term Debt 1.1B
Other Non-Current Liabilities 2.9B
Efficiency
Fundamental Scores

BBY Profitability Score
Profitability Due Diligence

Best Buy Co Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Year Average ROE
Positive 3-Year Average ROIC
Exceptional ROE
Positive Gross Profit
60/100
Profitability
Score

Best Buy Co Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

BBY Solvency Score
Solvency Due Diligence

Best Buy Co Inc's solvency score is 59/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Low D/E
Long-Term Solvency
Positive Net Debt
59/100
Solvency
Score

Best Buy Co Inc's solvency score is 59/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

BBY Price Targets Summary
Best Buy Co Inc

Wall Street analysts forecast BBY stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BBY is 77.81 USD with a low forecast of 63.63 USD and a high forecast of 94.5 USD.

Lowest
Price Target
63.63 USD
21% Downside
Average
Price Target
77.81 USD
4% Downside
Highest
Price Target
94.5 USD
17% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

BBY Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

BBY Price
Best Buy Co Inc

1M 1M
+7%
6M 6M
+7%
1Y 1Y
-1%
3Y 3Y
-14%
5Y 5Y
+37%
10Y 10Y
+314%
Annual Price Range
80.88
52w Low
62.88
52w High
84.95
Price Metrics
Average Annual Return 9.29%
Standard Deviation of Annual Returns 21.36%
Max Drawdown -53%
Shares Statistics
Market Capitalization 17.5B USD
Shares Outstanding 215 396 000
Percentage of Shares Shorted 9.67%

BBY Return Decomposition
Main factors of price return

What is price return decomposition?

BBY News

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Last Important Events
Best Buy Co Inc

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
Best Buy Co Inc

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Company Profile

Best Buy Co Inc Logo
Best Buy Co Inc

Country

United States of America

Industry

Retail

Market Cap

17.5B USD

Dividend Yield

4.55%

Description

Best Buy Co., Inc. engages in the provision of consumer technology products and services. The company is headquartered in Richfield, Minnesota and currently employs 105,000 full-time employees. The firm offers a range of merchandise and services to its customers, including computing and mobile phones, consumer electronics, appliances, entertainment and other products. Its services include consultation, delivery, design, health-related services, installation, memberships, repair, set-up, technical support, and warranty-related services. The firm's business segments are Domestic and International. Domestic segment includes the operations in all states, districts, and territories of the United States, under various brand names including Best Buy, Best Buy Business, Current Health, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia and Pacific Kitchen and Home and the domain names bestbuy.com and greatcall.com. The International segment includes all operations in Canada under the brand names Best Buy, Best Buy Express, Best Buy Mobile and Geek Squad and the domain name bestbuy.ca.

Contact

MINNESOTA
Richfield
7601 Penn Ave S
+16122911000.0
https://www.bestbuy.com/

IPO

1987-07-20

Employees

105 000

Officers

CEO & Director
Ms. Corie Sue Barry
Senior Executive VP & Enterprise Strategy & CFO
Mr. Matthew M. Bilunas
Executive VP and Chief Digital, Analytics & Technology Officer
Mr. Brian A. Tilzer
Executive VP, General Counsel, Secretary & Chief Risk Officer
Mr. Todd Gregory Hartman
Senior Executive VP of Human Resources, Corporate Affairs & Canada
Ms. Kamy Scarlett
Founder & Chairman Emeritus
Mr. Richard M. Schulze
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Senior VP of Finance, Controller & Chief Accounting Officer
Mr. Mathew Raymond Watson
Vice President of Investor Relations
Ms. Mollie O'Brien
Chief Compliance Officer
Ms. Keri Grafing
Chief Communications & Public Affairs Officer
Mr. Jeff Haydock
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See Also

Discover More
What is the Intrinsic Value of one BBY stock?

The intrinsic value of one BBY stock under the Base Case scenario is 92.4 USD.

Is BBY stock undervalued or overvalued?

Compared to the current market price of 80.88 USD, Best Buy Co Inc is Undervalued by 12%.