Home Depot, Inc.
HD
Market Cap$406.66B
Close$
Earnings Call Q3 2024
November 12, 2024 - AI Summary
Sales Performance: Home Depot reported third-quarter sales of $40.2 billion, a 6.6% increase year-over-year. However, comparable sales declined by 1.3%, with U.S. stores posting a negative comp of 1.2%. The company expects total sales growth of approximately 4% for fiscal 2024, including a positive sales contribution from its Specialty Retail Services (SRS) acquisition.
Impact of Weather and Hurricanes: Weather conditions significantly influenced performance during the quarter, contributing approximately $200 million in hurricane-related sales, which impacted total company comps by about 55 basis points. The company experienced strong engagement in outdoor products due to favorable weather.
Pro Ecosystem Development: The Pro Ecosystem, which enhances services and products for professional customers, is showing promising results. The SRS team achieved $2.9 billion in sales during the quarter with plans to reach $6.4 billion within approximately seven months post-acquisition.
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$321.66
22.4% downside
Current Fair Value
22.4% downsideOvervalued by 22.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $406.66 Billion |
|---|---|
| Enterprise Value | $418.45 Billion |
| Dividend Yield | $9 (2.19844643118863%) |
| Earnings per Share | $15.16 |
| Beta | 1.01 |
| Outstanding Shares | 991,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 27.77 |
|---|---|
| PEG | -653.07 |
| Price to Sales | 2.66 |
| Price to Book Ratio | 82.86 |
| Enterprise Value to Revenue | 2.71 |
| Enterprise Value to EBIT | 19.68 |
| Enterprise Value to Net Income | 28 |
| Total Debt to Enterprise | 0.03 |
| Debt to Equity | 2.3 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Home Depot, Inc.
CEO: Craig Menear