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Target Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report, Key Risks & ESG Assessment (03/2022)
Target Corporation delivered a strong 2021 and the full-year comparable sales of the company were up a solud 12.7%. The company has performed well over the past couple of years, meeting the fast-growing consumer demand from the Covid-19 pandemic. Its digital strategy has also materialized well and around 19% of Target’s total sales are from digital avenues. The management was able to pass on the impact of the inflation and mitigate supply chain issues and its earnings per share grew by a staggering 44% compared to the previous year. With the addition of Ulta Beauty in the stores, the sales of every square food have become strong. Target has also accelerated its capabilities in personalization, inspiring guest appearance, creating an always-on, driving unparalleled value to its partners with a fast-evolving revenue stream for its business through Roundel, its media company. Its fundamentals are strong and Target should continue to hold a dominant position in the retail industry. Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology. In this report, we have carried out a fundamental analysis of the historical financial statements of the company. We also have a dedicated analysis of the company's Environmental, Social, and Governance (ESG) risk scores in order to evaluate the sustainability risk. We have added reasonable forecasts of the annualized income statement and cash flows and carried out a DCF valuation of the company using its Weighted Average Cost of Capital (WACC) to determine a forecasted share price.
SP Angel Technology: Cornerstone FS (CSFS.LN) - Positive Full Year Guidance
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