The TJX Companies, Inc. (TJX)
UnterbewertetFundamental
71
Kurs
$132.31
Marktkapitalisierung
$145.41B
Teil 1 · Was das Unternehmen wert ist
Übersicht
TJX runs off-price retail chains — T.J. Maxx, Marshalls, HomeGoods, Sierra, Winners, TK Maxx and others — that sell name-brand clothing, home goods and accessories at 20% to 60% below regular retail prices. It buys inventory opportunistically from manufacturers with excess stock, cancelled orders or overruns, rather than commissioning goods to order, and turns that merchandise over quickly across thousands of stores in the United States, Canada and Europe.
Wie das Geld verdient wird
Revenue comes from selling merchandise at the register, with profitability driven less by markup on any single item and more by buying deeply discounted goods and moving them fast enough that inventory rarely sits idle or needs markdowns. Store leases are typically short and flexible compared with full-price chains, letting TJX expand, relocate or close locations without the long-term commitments that weigh on traditional retailers.
Umsatz nach Segment
T.J. Maxx and Marshalls stores in the United States, TJX's largest and oldest chain group.
US home decor, furniture and housewares stores, including the combined HomeGoods/Homesense format.
TK Maxx and Homesense stores across Europe, plus TJX's operations in Australia.
Winners, HomeSense and Marshalls stores across Canada.
Was die Nachfrage antreibt
Mäßig zyklischOff-price retail tends to hold up better than full-price retail in a downturn, since value-seeking shoppers trade down to it, but it is not immune to weak consumer spending overall. Results also depend on execution rather than the economy alone: the company must keep finding enough attractively priced, in-demand merchandise to fill its stores, and trade tariffs on imported goods add a cost pressure it does not fully control.
Wichtigste Risiken
- Execution of the opportunistic buying strategy — The off-price model depends on opportunistic buying, lean inventories and frequent merchandise turns; failing to execute this strategy or manage inventory well could adversely affect results.
- Tariffs and trade policy — Changes in trade policies and tariffs could adversely affect operations, with continued uncertainty around the impact on direct and indirect imports, vendor and competitor pricing, and tariff pass-throughs.
- Cybersecurity incidents — The company flags a heightened risk of cybersecurity incidents tied to geopolitical events, in an increasingly demanding regulatory environment where a compromise could bring regulatory enforcement, class actions or contract liability.
- Competition and macroeconomic uncertainty — The filing cites intense competition, global sourcing and supply chain complexity, labor costs and macroeconomic and geopolitical uncertainty among the extensive risk factors affecting the business.
Written by the editors, published on 18. August 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Bilanz & Liquidität
Umsatz
$62.36B
Letzte 12 Monate (bis 1.8.2026)
Nettogewinn
$6.07B
Letzte 12 Monate (bis 1.8.2026)
Freier Cashflow
$4.92B
Gesamtes Eigenkapital
$10.19B
Gesamtverbindlichkeiten
$25.58B
Current Ratio
1.15
Zinsdeckungsgrad
-
Schulden/EBITDA
1.61
Gewinn je Aktie
Umsatz & Nettogewinn
Freier Cashflow
Ertragsaufschlüsselung
Historische Aufstellung
Margen im Zeitverlauf
Verschuldung im Zeitverlauf
Wie schwer die Schulden wiegen
Wachstumsraster
Wachstum — Umsatz
Innerer-Wert-Schätzung
Innerer Wert
$190.41
Aktueller Kurs
$132.31
Sicherheitsmarge
+30.5%
Innerer-Wert-Spanne
$123.77 - $257.06
Streubreite zwischen den verwendeten Bewertungsmethoden, kein statistisch kalibriertes Konfidenzintervall.
Bewertungsmethoden
Bewertungskennzahlen
P/E-Verhältnis
24.50
ROE
53.9%
P/B-Verhältnis
13.66
P/FCF
24.77
Bruttomarge
32.0%
ROIC
-
Rentabilitäts-Radar
Wertschöpfung (Wettbewerbsvorteil)
ROIC
-
WACC
7.3%
ROIC − WACC
-
Fundamentalanalyse-Kriterien
Bestanden (20)
- EPS shows upward trend
- EPS CAGR 6.16%
- Price CAGR 13.36%
- Gross Margin 32.0%
- P/FCF 24.77
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 59.8%
- Revenue Growth 5Y 13.4%
- Analyst Consensus 78% Buy
- Earnings Surprise avg 5.8%
- PEG Ratio 0.18
- Earnings Quality (OCF/NI) 1.32
- Share Dilution -1.2%
- Net Margin Trend 9.7% vs 8.6%
- Piotroski F-Score 7/9
Nicht bestanden (4)
- P/B Ratio 13.66
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
Nicht verfügbar (4)
- ROIC NaN%
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
Piotroski F-Score
Starke finanzielle Gesundheit
Gewinnqualität
Hohe Qualität: Gewinne durch Cashflow gedeckt
Aktienverwässerung
Aktienrückkäufe. Aktionärsfreundlich
Institutionelle Beteiligungen
Unternehmensführung
Führungsteam
| Name | Position | Alter |
|---|---|---|
| Ms. Carol M. Meyrowitz | Executive Chairman | 71 |
| Mr. Ernie L. Herrman | CEO, President & Director | 64 |
| Mr. John Klinger | Senior Executive VP & CFO | 60 |
| Mr. Kenneth Canestrari | Senior EVP & Group President | 63 |
| Mr. Douglas W. Mizzi | Senior EVP & Group President | 65 |
| Mr. Bernard Cammarata | Founder & Executive Advisor | 85 |
| Mr. Jeff Botte | Vice President of Investor Relations | - |
| Ms. Alicia C. Kelly | Executive VP, Secretary & General Counsel | - |
| Ms. Debra McConnell | Senior Vice President of Global Communications | - |
| Peter Benjamin | Senior EVP & Group President | 62 |
Prüfungsrisiko
9
Vorstandsrisiko
6
Vergütungsrisiko
7
Aktionärsrechterisiko
4
Teil 2 · Der Preis und der Einstiegszeitpunkt
Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.
Dokumente
- Dokument ansehen
Jahresbericht (10-K)
Ein jährlicher Überblick über das Geschäft, die Finanzergebnisse und die Risiken des Unternehmens.
Eingereicht am 2026-03-31
- Dokument ansehen
Quartalsbericht (10-Q)
Ein Update zur finanziellen Entwicklung der letzten drei Monate.
Eingereicht am 2026-08-28
- Dokument ansehen
Ad-hoc-Meldung (8-K)
Eine Mitteilung über ein wichtiges Ereignis, etwa einen Führungswechsel oder eine bedeutende Ankündigung.
Eingereicht am 2026-09-17
via SEC EDGAR
Ertragshistorie
via SEC EDGAR
Latest News
Recent headlines for TJX, sourced from Markets Gazette.
- 6/20/2026NEUTRALTJX Is a Reliable Off-Price Retailer, But for Investors, Is the Premium Too High?
TJX Companies, a leader in the off-price retail sector, continues to report robust financial performance. However, the company faces challenges related to its mature U.S. store base. Investors are evaluating whether the current premium valuation is justified, given the management's imperative to identify and execute new growth avenues beyond its established domestic market. The company's ability to innovate and expand into new territories or product lines will be crucial for sustaining its growth trajectory and shareholder value.
- 5/20/2026NEUTRALTJX Companies Q1 2027 Earnings Call Transcript
TJX Companies Inc. released its Q1 2027 Earnings Call Transcript on May 20, 2026. While the transcript itself is informational, it does not contain forward-looking guidance or specific performance metrics that would immediately impact the stock price. Investors will need to analyze the details within the transcript to gauge management's sentiment on future sales, margins, and strategic initiatives. The absence of new guidance or significant announcements in the provided information suggests a neutral immediate market reaction, pending deeper analysis of the call's content.
- 5/20/2026POSITIVETop Wall Street Forecasters Revamp TJX Expectations Ahead Of Q1 Earnings
TJX Companies (NYSE: TJX) is set to report its Q1 earnings on May 20th, with analysts forecasting earnings per share of $1.00 and revenue of $14.01 billion. Adding to the positive outlook, the company recently announced a significant 13% increase in its stock dividend. This dividend hike, coupled with analyst ratings from major firms like Morgan Stanley (Overweight), Credit Suisse (Outperform), and Deutsche Bank (Buy), suggests strong confidence in TJX's financial performance and future growth prospects. Investors will be closely watching the earnings release for confirmation of these optimistic expectations.
- 3/27/2026POSITIVEHow retailers like TJX can actually benefit from higher fuel costs and shipping delays
The TJX Companies Inc. is poised to benefit from geopolitical disruptions, specifically the ongoing Iran war, which is exacerbating shipping delays and increasing unwanted inventory for full-priced retailers. As an off-price chain, TJX can capitalize on this situation by acquiring excess inventory at discounted prices. This strategic advantage allows TJX to offer compelling value to consumers while potentially improving its margins, positioning the company favorably amidst broader market challenges.
- 3/13/2026POSITIVE$100 Invested In TJX Companies 20 Years Ago Would Be Worth This Much Today
An investment of $100 in TJX Companies (TJX) made 20 years ago would have grown substantially, highlighting the company's long-term performance. While specific figures are not provided in the title, such an article typically details significant capital appreciation and dividend reinvestment, showcasing TJX's consistent growth and market resilience. This suggests strong operational execution and strategic expansion over two decades, making it a potentially attractive stock for investors seeking long-term value and compounding returns. The article implies a robust historical performance that may continue to benefit shareholders.
- 2/26/2026POSITIVETJX Delivers Q4 Beat, Analysts Praise 'Notable MarMaxx Strength'
Shares of The TJX Companies, Inc. surged following the release of its fourth-quarter results, which significantly surpassed analyst expectations for both sales and earnings. The robust performance was notably driven by "MarMaxx Strength," underscoring the solid operational execution of the retail giant. Market analysts responded with widespread optimism, reaffirming positive ratings such as "Overweight" and "Outperform" and subsequently raising their price targets. This positive outlook suggests a favorable environment for investors, indicating effective company management and a market sentiment conducive to further stock appreciation in the near to medium term.
- 2/25/2026NEGATIVEWhy TJX Companies Stock Sank Today
TJX Companies Inc. stock experienced a significant decline today, despite reporting fourth-quarter results that surpassed analyst expectations on both revenue and earnings. Investor concerns were primarily driven by the company's forward-looking guidance, which failed to reassure the market about its near-term growth prospects. This reaction underscores the critical importance investors place on future projections over past performance, particularly in an uncertain economic climate. The negative market sentiment suggests that the outlook provided was perceived as disappointing, overshadowing an otherwise strong current performance.
- 2/25/2026NEUTRALTJX (TJX) Q4 2026 Earnings Call Transcript
Markets Gazette reports the release of the Q4 2026 earnings call transcript for TJX Companies Inc. (TJX) on February 25, 2026. While the specific content of the transcript is not yet available for detailed analysis, the publication of such documents is a standard event in the financial calendar of any publicly traded company. Investors eagerly await details regarding financial performance, future forecasts, and management commentary. Analyzing this data is crucial for assessing the company's operational health, its ability to generate profits, and growth prospects in the off-price retail sector. Market reaction will depend on the interpretation of the results and guidance provided.
- 2/25/2026POSITIVEOff-Price Retailer TJX Delivers Strong Quarter As Value Shoppers Rush In
TJX Companies (NYSE: TJX) has reported exceptional quarterly results, significantly surpassing analyst expectations and driving a notable increase in its stock value. The company further pleased investors by announcing a new share buyback program and a dividend hike, clear indicators of confidence in its financial strength and future prospects. These developments highlight a strong appeal to value-conscious consumers, solidifying TJX's position in the off-price retail sector. Investors should closely monitor the long-term impact of these strategic moves on performance and shareholder returns.
via Markets Gazette