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Morningstar

Best Buy Co Inc BBY

Morningstar Rating
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Stock XNYS Rating as of
$91.26 +4.05 (4.64%)
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As of Delayed Price Closed
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Company Report

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Price vs Fair Value

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BBY is trading within a range we consider fairly valued.
Price
$91.26
Fair Value
$15.00
Uncertainty
High
1-Star Price
$867.62
5-Star Price
$78.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

With digital sales volumes projected to equilibrate at roughly double pre-covid-19 levels, Best Buy should better compete for online volumes that it historically ceded to online competitors.

Bears

Service and accessory attach rates remain higher in in-store channels, posing a modest headwind as the digital mix remains permanently higher.

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News

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Trading Information

Previous Close Price
$87.21
Day Range
$88.07–91.85
52-Week Range
$62.30–91.85
Bid/Ask
$92.01 / $92.24
Market Cap
$19.69 Bil
Volume/Avg
5.2 Mil / 3.2 Mil

Key Statistics

Price/Earnings (Normalized)
14.19
Price/Sales
0.46
Dividend Yield (Trailing)
4.05%
Dividend Yield (Forward)
4.12%
Total Yield
5.54%

Company Profile

With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
Sector
Consumer Cyclical
Industry
Specialty Retail
Stock Style Box
Mid Value
Total Number of Employees
85,000
Website
https://www.investors.bestbuy.com

Competitors

Valuation

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Metric
BBY
TGT
WMT
Price/Earnings (Normalized)
 14.1916.2729.04
Price/Book Value
 6.414.856.68
Price/Sales
 0.460.630.83
Price/Cash Flow
 8.808.8315.67
Price/Earnings
BBY
TGT
WMT

Financial Strength

Metric
BBY
TGT
WMT
Quick Ratio
 0.260.180.19
Current Ratio
 1.010.860.80
Interest Coverage
 32.2712.5210.38
Quick Ratio
BBY
TGT
WMT

Profitability

Metric
BBY
TGT
WMT
Return on Assets (Normalized)
 9.61%7.99%7.77%
Return on Equity (Normalized)
 50.52%34.30%24.81%
Return on Invested Capital (Normalized)
 21.90%14.78%14.14%
Return on Assets
BBY
TGT
WMT
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