Target Corporation Financial Ratios — TGT Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Return on Common Equity (%)	22.73	22.87	15.24	-14.64	37.5	38.59	46.74	46.62	52.35	56.94	87.78	46.33	67.98	53.62	42.43
Return on Assets (%)	6.48	6.33	4.25	-3.82	8.26	7.04	7.5	7.2	7.81	9.29	13.22	5.19	7.61	7.23	6.32
Return on Capital (%)	12.07	11.42	9.47	-4.39	17.38	17.14	17.77	16.73	18.29	23.13	30.69	13.33	17.8	16.1	14.06
Return on Invested Capital (%)	10.95	10.79	9.66	10.7	12.25	12.78	13.48	12.81	14.01	18.01	22.88	10.19	13.7	12.44	10.87
Gross Margin (%)	30.86	30.38	29.8	29.39	29.2	30.06	29.69	29.27	29.76	29.27	29.28	24.57	27.54	28.21	27.93
EBITDA Margin (%)	10.67	10.4	9.5	9.18	9.65	10.22	9.21	8.74	9.3	9.65	10.93	6	7.92	8.02	7.87
Operating Margin (%)	7.62	7.61	6.7	6.25	6.65	6.92	5.81	5.45	5.96	6.99	8.44	3.53	5.31	5.22	4.88
Incremental Operating Margin (%)	2.83	7.48	39.56	-18.22	32.13	1.31	-26.2	-4.31	19.88	12.18	19.34	-163.66	-108.84	16.67	25.14
Pretax Margin (%)	6.38	6.9	5.78	5.03	6.67	5.64	4.99	4.88	5.36	5.93	8.4	3.13	4.93	4.94	4.55
Profit Margin (%)	4.19	4.09	2.77	-2.25	4.56	3.89	4.01	3.9	4.2	4.67	6.55	2.55	3.85	3.84	3.54
Net Income to Common Margin (%)	4.19	4.09	2.77	-2.25	4.56	3.89	4.01	3.9	4.2	4.67	6.55	2.55	3.85	3.84	3.54
Effective Tax Rate (%)	34.27	34.43	34.63	32.96	32.54	32.69	19.89	20.29	21.98	21.24	22.02	18.67	21.88	22.24	22.28
Dvd Payout Ratio (%)	25.61	26.21	37.34	49.2	41.01	50.56	46.01	45.56	40.69	30.75	22.29	66.04	48.6	50.01	55.41
Sustainable Growth Rate (%)	16.91	16.88	9.55	-7.44	22.12	19.08	25.23	25.38	31.05	39.43	68.22	15.73	34.94	26.8	18.92

Credit (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Debt	16,483	17,648	12,572	12,725	12,760	12,749	13,470	13,445	13,974	15,109	16,467	19,073	19,646	19,875	20,290
ST Debt	3,036	2,994	1,143	91	815	1,718	429	1,218	361	1,355	425	426	1,445	1,989	2,502
LT Debt	13,447	14,654	11,429	12,634	11,945	11,031	13,041	12,227	13,613	13,754	16,042	18,647	18,201	17,886	17,788
Total Debt/EBITDA	2.21	2.32	1.86	1.91	1.79	1.78	2.01	2.04	1.92	1.67	1.42	2.91	2.31	2.33	2.46
Net Debt/EBITDA	2.11	2.21	1.76	1.58	1.22	1.43	1.31	1.48	1.23	0.46	0.67	2.12	1.44	1.31	1.33
Total Debt/EBIT	3.1	3.16	2.63	2.81	2.6	2.62	3.19	3.27	3	2.31	1.84	4.96	3.44	3.57	3.97
Net Debt/EBIT	2.95	3.02	2.49	2.32	1.77	2.1	2.07	2.36	1.92	0.64	0.87	3.61	2.14	2.01	2.14
EBITDA to Interest Expense	8.61	11.14	6.46	7.56	11.73	7.25	10.26	14.28	15.22	9.24	27.52	13.7	16.95	20.8	18.54
EBITDA-CapEx/Interest Expense	3.56	7.71	4.66	5.53	9.37	5.69	6.38	6.66	8.88	6.53	27.52	13.7	16.95	20.8	18.54
EBIT to Interest Expense	6.15	8.16	4.56	5.14	8.09	4.91	6.47	8.92	9.77	6.69	21.25	8.05	11.37	13.54	11.5
Interest Expense	866	684	1,049	882	607	991	653	461	477	977	421	478	502	411	445
Common Equity/Total Assets	27.91	27.43	28.4	23.55	20.46	15.84	16.23	14.68	15.14	17.3	12.93	9.46	12.88	14.07	15.69
Long-Term Debt/Equity (%)	84.99	88.5	70.41	90.26	92.19	100.71	111.93	108.23	115.04	95.25	125.06	166.02	135.5	121.96	110.04
Long-Term Debt/Capital (%)	45.59	47.49	45.31	56.35	56.89	59.06	65.17	62.69	66.57	57.37	68.48	77.32	67.97	63.87	60.04
Long-Term Debt/Total Assets (%)	28.84	30.43	25.65	30.69	29.67	29.47	32.36	29.61	31.82	26.84	29.81	34.96	32.88	30.96	29.9
Total Debt/Equity (%)	104.18	106.58	77.46	90.91	98.48	116.4	115.61	119.01	118.09	104.63	128.38	169.81	146.26	135.52	125.52
Total Debt/Capital (%)	55.88	57.19	49.84	56.75	60.77	68.25	67.32	68.93	68.34	63.02	70.29	79.09	73.37	70.97	68.49
Total Debt/Total Assets (%)	35.35	36.64	28.22	30.91	31.69	34.06	33.42	32.56	32.67	29.48	30.6	35.76	35.49	34.4	34.11
Net Debt to Equity	99.17	101.85	73.33	75.12	67.25	93.46	75.14	86.03	75.4	28.87	60.88	123.84	91.07	76.22	67.85
Net Debt/Capital (%)	54.66	56.08	48.47	52.02	51.4	63.32	50.41	54.15	49.92	26.96	44.58	63.55	53.25	48.1	45.44
EBITDA	7,453	7,623	6,775	6,664	7,123	7,182	6,700	6,584	7,262	9,024	11,588	6,548	8,508	8,547	8,251
EBITDA-CapEx	3,085	5,277	4,889	4,878	5,685	5,635	4,167	3,068	4,235	6,375	11,588	6,548	8,508	8,547	8,251
Operating Income (Loss)	5,322	5,579	4,779	4,535	4,910	4,864	4,224	4,110	4,658	6,539	8,946	3,848	5,707	5,566	5,117

Liquidity (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Cash Ratio	0.07	0.06	0.05	0.19	0.56	0.29	0.35	0.15	0.3	0.8	0.5	0.18	0.2	0.23	0.26
Current Ratio	1.15	1.17	0.91	1.16	1.12	0.94	0.96	0.83	0.89	1.03	0.99	0.92	0.91	0.94	0.94
Quick Ratio	0.55	0.13	0.14	0.28	0.62	0.34	0.42	0.23	0.37	0.86	0.56	0.27	0.27	0.3	0.34
CFO/Avg Current Liab	0.45	0.38	0.49	0.36	0.49	0.43	0.54	0.43	0.48	0.61	0.41	0.19	0.44	0.37	0.31
Common Equity/Total Assets	27.91	27.43	28.4	23.55	20.46	15.84	16.23	14.68	15.14	17.3	12.93	9.46	12.88	14.07	15.69
Long-Term Debt/Equity (%)	84.99	88.5	70.41	90.26	92.19	100.71	111.93	108.23	115.04	95.25	125.06	166.02	135.5	121.96	110.04
Long-Term Debt/Capital (%)	45.59	47.49	45.31	56.35	56.89	59.06	65.17	62.69	66.57	57.37	68.48	77.32	67.97	63.87	60.04
Long-Term Debt/Total Assets (%)	28.84	30.43	25.65	30.69	29.67	29.47	32.36	29.61	31.82	26.84	29.81	34.96	32.88	30.96	29.9
Total Debt/Equity (%)	104.18	106.58	77.46	90.91	98.48	116.4	115.61	119.01	118.09	104.63	128.38	169.81	146.26	135.52	125.52
Total Debt/Capital (%)	55.88	57.19	49.84	56.75	60.77	68.25	67.32	68.93	68.34	63.02	70.29	79.09	73.37	70.97	68.49
Total Debt/Total Assets (%)	35.35	36.64	28.22	30.91	31.69	34.06	33.42	32.56	32.67	29.48	30.6	35.76	35.49	34.4	34.11
CFO/Total Liabilities	17.64	16.85	23.02	16.43	21.82	20.56	24.2	19.91	23	28.59	21.04	9.54	20.56	17.09	15.15
CFO/CapEx	1.24	2.27	3.46	2.5	4.14	3.52	2.74	1.7	2.35	3.97	- -	- -	- -	- -	- -
Altman's Z-Score	3	3.11	3.1	3.56	3.58	3.36	3.27	3.1	3.49	4.01	4.3	3.54	3.37	3.24	2.93

Working Capital (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Accounts Receivable Turnover	11.57	24.73	- -	- -	- -	- -	- -	- -	313.7	165.74	144.62	108.9	104.28	112.83	92.6
Days Sales Outstanding	31.56	14.76	- -	- -	- -	- -	- -	- -	1.16	2.2	2.52	3.35	3.5	3.24	3.94
Inventory Turnover	6.23	6.45	6.18	6.19	6.19	5.81	6.05	5.89	5.93	6.74	6.11	6.01	6.13	6.21	6.03
Days Inventory Outstanding	58.61	56.58	59.01	58.94	58.98	62.8	60.35	61.96	61.5	54.18	59.78	60.76	59.53	58.75	60.53
Accounts Payable Turnover	7.21	7.33	7.01	6.8	6.93	6.66	6.46	5.88	5.52	5.96	5.52	5.66	5.96	6.15	5.85
Accounts Payable Turnover Days	50.6	49.77	52.1	53.72	52.7	54.8	56.54	62.08	66.08	61.28	66.12	64.54	61.26	59.34	62.41
Cash Conversion Cycle	39.57	21.56	6.92	5.22	6.28	7.99	3.81	-0.13	-3.41	-4.9	-3.82	-0.43	1.76	2.64	2.06
Inventory to Cash Days	-27.06	-41.82	-59.01	-58.94	-58.98	-62.8	-60.35	-61.96	-60.34	-51.97	-57.26	-57.41	-56.03	-55.51	-56.59
Inventories	7,918	7,903	8,278	8,282	8,601	8,309	8,597	9,497	8,992	10,653	13,902	13,499	11,886	12,740	12,304
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	7,918	7,903	8,278	8,282	8,601	8,309	8,597	9,497	8,992	10,653	13,902	13,499	12,039	12,923	12,505

Enterprise Value (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Market Capitalization	34,505	39,671	35,972	46,720	45,458	37,244	41,201	38,588	56,577	90,694	107,592	79,546	64,185	63,494	47,894
- Cash & Cash Equivalents	794	784	670	2,210	4,046	2,512	2,643	1,556	2,577	8,511	5,911	2,229	3,805	4,762	5,488
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	16,483	17,648	12,572	12,725	12,760	12,749	13,470	13,445	13,974	15,109	16,467	19,073	19,646	19,875	20,290
Enterprise Value	50,000	56,535	47,874	57,235	51,164	46,371	50,122	49,708	66,164	89,648	113,163	95,047	80,026	78,607	62,696
Total Capital	29,498	30,857	25,224	22,422	20,998	18,679	20,010	19,505	20,449	23,976	23,426	24,116	26,777	28,003	29,625
Total Debt/Capital (%)	55.88	57.19	49.84	56.75	60.77	68.25	67.32	68.93	68.34	63.02	70.29	79.09	73.37	70.97	68.49
Total Debt / EV	0.33	0.31	0.26	0.22	0.25	0.27	0.27	0.27	0.21	0.17	0.15	0.2	0.25	0.25	0.32
EV/Sales	0.72	0.77	0.67	0.79	0.69	0.66	0.69	0.66	0.85	0.96	1.07	0.87	0.75	0.74	0.6
EV/EBITDA	6.71	7.42	7.07	8.59	7.18	6.46	7.48	7.55	9.11	9.93	9.77	14.52	9.41	9.2	7.6
EV/EBIT	9.39	10.13	10.02	12.62	10.42	9.53	11.87	12.09	14.2	13.71	12.65	24.7	14.02	14.12	12.25
EV/Cash Flow to Firm	8.33	9.79	6.64	11.32	8.04	7.59	6.72	7.84	8.83	7.94	12.64	21.57	8.88	10.23	9.08
EV/Free Cash Flow to Firm	4.82	6.96	5.27	8.36	6.55	6.06	5.02	5.04	6.29	6.43	12.64	21.57	8.88	10.23	9.08
Diluted Market Cap	34,749	40,070	36,352	47,118	45,835	37,560	41,435	38,924	57,098	91,563	108,606	79,993	64,366	63,687	48,052
Diluted Enterprise Value	50,438	56,934	48,254	57,633	54,549	47,797	52,262	50,813	68,495	98,161	119,162	96,837	80,207	78,800	62,854
EV per Share	73.63	86.09	75.38	90.18	81.51	80.28	91.51	94.04	129.5	179.08	231.84	205.68	173.41	170.74	138.07
TTM Sales	69,865	73,301	71,279	72,618	73,785	70,271	72,714	75,356	78,112	93,561	106,005	109,120	107,412	106,566	104,780
TTM EBITDA	7,453	7,623	6,775	6,664	7,123	7,182	6,700	6,584	7,262	9,024	11,588	6,548	8,508	8,547	8,251
TTM Operating Income	5,322	5,579	4,779	4,535	4,910	4,864	4,224	4,110	4,658	6,539	8,946	3,848	5,707	5,566	5,117
TTM Cash Flow to Firm	6,003	5,773	7,206	5,056	6,367	6,111	7,458	6,340	7,489	11,294	8,953	4,407	9,013	7,687	6,908
TTM Free Cash Flow to Firm	10,371	8,119	9,092	6,842	7,805	7,658	9,991	9,856	10,516	13,943	8,953	4,407	9,013	7,687	6,908

Multiples (USD)

API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Price/Free Cash Flow	3.55	5.22	4.32	7.54	6.2	5.37	4.38	4.1	5.63	6.95	12.59	19.91	7.47	8.64	7.32
EV/EBIT	9.39	10.13	10.02	12.62	10.42	9.53	11.87	12.09	14.2	13.71	12.65	24.7	14.02	14.12	12.25
Enterprise Value	50,000	56,535	47,874	57,235	51,164	46,371	50,122	49,708	66,164	89,648	113,163	95,047	80,026	78,607	62,696
Low Price	45.28	51.01	55.96	54.66	66.46	62.94	48.56	60.15	69.07	90.17	166.83	137.16	102.93	120.21	83.44
EV/Sales	0.72	0.77	0.67	0.79	0.69	0.66	0.69	0.66	0.85	0.96	1.07	0.87	0.75	0.74	0.6
EV/EBITDA	6.71	7.42	7.07	8.59	7.18	6.46	7.48	7.55	9.11	9.93	9.77	14.52	9.41	9.2	7.6
Price/Earnings	11.78	13.23	18.25	- -	13.52	13.62	14.14	13.14	17.24	20.76	15.49	28.61	15.51	15.52	12.93
Price/Earnings Average	11.78	13.1	21.35	-24.35	14.54	15.48	11.05	13.73	14.94	15.81	16.02	29.27	15.47	16.9	12.26
Price/Earnings High	12.98	14.41	23.68	-30.16	16.02	17.78	14.79	16.27	20.28	22.92	18.9	42.37	20.26	20.47	16.8
Price/Earnings Low	10.5	11.17	18.03	-21.21	12.4	13.3	9.13	10.83	10.76	10.33	11.72	22.8	11.48	13.53	10.23
Price/Book Value	2.65	3	2.84	4.82	5.52	6.28	6.3	6.37	8.74	10.23	15.46	15.77	9	7.81	5.13
Price/Book Value Average	2.65	2.97	3.33	4.11	5.93	7.14	4.92	6.66	7.57	7.79	15.99	16.13	8.98	8.51	4.87
Price/Book Value High	2.92	3.27	3.69	5.09	6.54	8.2	6.59	7.88	10.28	11.29	18.87	23.35	11.76	10.3	6.67
Price/Book Value Low	2.36	2.54	2.81	3.58	5.06	6.13	4.07	5.25	5.45	5.09	11.7	12.57	6.66	6.81	4.06
Price/Tangible Book Value	2.21	2.43	2.26	3.41	3.59	3.48	3.77	3.64	5.08	6.59	8.84	7.51	5.01	4.52	3.08
Price/Tangible Book Value Average	2.21	2.4	2.65	2.91	3.86	3.96	2.94	3.81	4.4	5.01	9.14	7.69	5	4.93	2.92
Price/Tangible Book Value High	2.44	2.65	2.94	3.6	4.25	4.54	3.94	4.51	5.97	7.27	10.79	11.12	6.55	5.97	4.01
Price/Tangible Book Value Low	1.97	2.05	2.24	2.53	3.29	3.4	2.43	3	3.17	3.28	6.69	5.99	3.71	3.94	2.44
Price/Sales	0.49	0.54	0.5	0.64	0.62	0.53	0.57	0.51	0.72	0.97	1.01	0.73	0.6	0.6	0.46
Price/Sales Average	0.49	0.54	0.59	0.55	0.66	0.6	0.44	0.54	0.63	0.74	1.05	0.75	0.6	0.65	0.43
Price/Sales High	0.54	0.59	0.65	0.68	0.73	0.69	0.59	0.63	0.85	1.07	1.24	1.08	0.78	0.79	0.59
Price/Sales Low	0.44	0.46	0.5	0.48	0.57	0.52	0.37	0.42	0.45	0.48	0.77	0.58	0.44	0.52	0.36
Price/Cash Flow	6.35	7.45	5.52	10.46	7.63	6.84	5.94	6.46	7.95	8.62	12.47	19.8	7.45	8.62	7.3
Price/Cash Flow Average	6.35	7.38	6.46	8.92	8.2	7.77	4.64	6.75	6.89	6.56	12.9	20.25	7.42	9.39	6.92
Price/Cash Flow High	7	8.11	7.16	11.05	9.04	8.93	6.22	8	9.35	9.51	15.22	29.31	9.73	11.37	9.48
Price/Cash Flow Low	5.66	6.29	5.45	7.77	7	6.68	3.84	5.32	4.96	4.29	9.44	15.77	5.51	7.51	5.77
Price/Free Cash Flow Average	3.54	5.17	5.06	6.43	6.66	6.11	3.42	4.29	4.88	5.29	13.02	20.36	7.45	9.41	6.95
Price/Free Cash Flow High	3.91	5.69	5.61	7.96	7.34	7.01	4.58	5.08	6.62	7.67	15.37	29.48	9.75	11.4	9.52
Price/Free Cash Flow Low	3.16	4.41	4.27	5.6	5.69	5.24	2.83	3.38	3.51	3.46	9.53	15.86	5.53	7.54	5.79
EV/Sales Average	0.72	0.77	0.76	0.69	0.78	0.75	0.59	0.69	0.77	0.81	1.15	0.9	0.74	0.79	0.57
EV/Sales High	0.77	0.82	0.82	0.82	0.85	0.84	0.74	0.79	1	1.14	1.34	1.23	0.93	0.93	0.74
EV/Sales Low	0.66	0.69	0.67	0.62	0.68	0.66	0.51	0.58	0.6	0.55	0.87	0.74	0.59	0.66	0.5
EV/EBITDA Average	6.73	7.37	7.97	7.56	8.09	7.32	6.42	7.93	8.32	8.38	10.51	15	9.39	9.86	7.3
EV/EBITDA High	7.21	7.88	8.65	8.98	8.79	8.19	8.05	9.06	10.73	11.82	12.24	20.56	11.72	11.56	9.34
EV/EBITDA Low	6.23	6.61	7	6.78	7.08	6.49	5.59	6.63	6.43	5.73	7.94	12.25	7.45	8.24	6.39
EV/EBIT Average	9.43	10.06	11.3	11.1	11.73	10.81	10.19	12.71	12.97	11.57	13.62	25.52	13.99	15.14	11.77
EV/EBIT High	10.09	10.77	12.26	13.2	12.74	12.1	12.77	14.52	16.73	16.32	15.86	34.98	17.47	17.76	15.05
EV/EBIT Low	8.73	9.03	9.93	9.97	10.27	9.58	8.86	10.63	10.02	7.91	10.28	20.85	11.1	12.66	10.3
Last Price	50.81	60.41	56.64	73.61	72.42	64.48	75.22	73	110.74	181.17	220.43	172.14	139.08	137.91	105.47
High Price	56	65.8	73.5	77.75	85.81	84.14	78.7	90.39	130.24	199.96	268.98	254.87	181.7	181.86	137.05
Enterprise Value Average	50,178	56,146	53,992	50,353	57,596	52,558	43,030	52,228	60,424	75,663	121,819	98,209	79,849	84,260	60,234
Enterprise Value High	53,719	60,075	58,582	59,863	62,577	58,836	53,934	59,669	77,937	106,698	141,845	134,619	99,696	98,841	77,036
Enterprise Value Low	46,439	50,362	47,442	45,208	50,431	46,591	37,425	43,684	46,685	51,737	91,986	80,226	63,343	70,458	52,692

Shares Outstanding	669	645	633	640	602	556	542	518	504	501	471	460	462	456	453
Diluted Weighted Avg Shares	684	663	642	640	633	582	551	533	516	505	493	465	463	462	456
Basic Weighted Avg Shares	679	657	635	635	628	578	548	529	511	501	488	462	462	460	454
Revenue per Share	102.88	111.62	112.23	114.41	117.55	121.66	132.75	142.56	152.89	186.9	217.18	236.14	232.75	231.46	230.74
EBITDA per Share	10.97	11.61	10.67	10.5	11.35	12.43	12.23	12.46	14.21	18.03	23.74	14.17	18.44	18.56	18.17
Operating Income per Share	7.84	8.5	7.52	7.15	7.82	8.42	7.71	7.78	9.12	13.06	18.33	8.33	12.37	12.09	11.27
Basic EPS, GAAP	4.31	4.57	3.1	-2.58	5.36	4.73	5.32	5.56	6.42	8.73	14.23	6.02	8.97	8.89	8.16
Basic EPS from Cont Ops	4.31	5.05	4.24	3.86	5.29	4.62	5.31	5.54	6.4	8.73	14.23	6.02	8.97	8.89	8.16
Diluted EPS, GAAP	4.28	4.52	3.07	-2.56	5.31	4.69	5.29	5.51	6.36	8.64	14.1	5.98	8.94	8.86	8.13
Diluted EPS from Cont Ops	4.28	5	4.2	3.83	5.25	4.58	5.28	5.5	6.34	8.64	14.1	5.98	8.94	8.86	8.13
Dividend per Share	1.1	1.32	1.58	1.9	2.17	2.33	2.44	2.53	2.6	2.68	3.17	3.97	4.36	4.44	4.52
Cash Flow per Share	8	8.11	10.27	7.03	9.49	9.43	12.66	11.3	13.93	21.02	17.67	8.7	18.68	16	14.45
Free Cash Flow per Basic Share	1.57	4.54	7.3	4.22	7.2	6.75	8.04	4.65	8.01	15.73	17.67	8.7	18.68	16	14.45
Cash & Equivalents per Share	1.45	1.19	1.05	3.48	11.24	6.27	8.3	4.4	8.59	32.27	22.32	7.73	8.24	10.34	12.09
Book Value per Share	19.17	20.11	19.92	15.28	13.12	10.27	11.94	11.46	12.67	17.71	14.26	10.91	15.45	17.65	20.56
Tangible Book Value per Share	22.94	24.87	25.04	21.58	20.2	18.51	19.98	20.05	21.82	27.51	24.94	22.91	27.74	30.48	34.21

Target Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)