Best Buy Co Inc Stock Research

Market Summary

USD74.32-0.27

Market Closed

-0.36%

BBY Alerts

7 major insider sales recently.

BBY Stock Price

BBY RSI Chart

BBY Valuation

Market Cap

16.4B

Price/Earnings (Trailing)

10.61

Price/Sales (Trailing)

0.34

EV/EBITDA

5.33

Price/Free Cashflow

13.73

BBY Price/Sales (Trailing)

BBY Profitability

EBT Margin

4.12%

Return on Equity

51.79%

Return on Assets

9.11%

Free Cashflow Yield

7.29%

BBY Fundamentals

BBY Revenue

Revenue (TTM)

47.9B

Revenue Y/Y

-11.11%

Revenue Q/Q

2.5%

BBY Earnings

Earnings (TTM)

1.6B

Earnings Y/Y

-44.49%

Earnings Q/Q

-9.48%

Price Action

52 Week Range

59.4296.29

(Low)(High)

Last 7 days

-3.6%

Last 30 days

-10.6%

Last 90 days

-8.6%

Trailing 12 Months

-22.2%

BBY Financial Health

Current Ratio

0.98

BBY Investor Care

Dividend Yield

4.49%

Dividend/Share (TTM)

3.34

Buy Backs (1Y)

8.02%

Diluted EPS (TTM)

6.67

Peers (Alternatives to Best Buy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BBY	16.4B	47.9B	-10.65%	-22.21%	10.61	0.34	-8.42%	-41.38%
MID-CAP
WSM	7.8B	8.7B	-8.51%	-18.35%	6.66	0.9	8.52%	13.90%
GME	7.3B	6.0B	16.86%	-32.64%	-14.34	1.23	1.29%	-231.90%
AN	5.9B	27.0B	-13.37%	9.90%	4.31	0.22	4.41%	0.32%
LAD	5.8B	28.2B	-17.52%	-33.88%	4.63	0.21	23.46%	18.01%
RH	5.7B	3.9B	-21.09%	-33.08%	10.04	1.57	10.04%	-15.32%
FL	3.5B	8.8B	-11.34%	29.35%	8.33	0.41	-0.59%	-53.34%
SIG	3.3B	8.0B	-2.62%	-7.62%	8.04	0.42	10.91%	-41.72%
GPS	3.3B	15.6B	-31.97%	-32.93%	-16.31	0.21	-6.32%	-178.91%
SMALL-CAP
BKE	1.7B	1.3B	-14.66%	0.41%	6.94	1.31	7.45%	6.00%
CWH	804.4M	7.0B	-18.57%	-34.19%	5.87	0.12	0.77%	-50.82%
TCS	164.5M	1.1B	-24.60%	-59.07%	3.07	0.15	-0.92%	-42.81%
CONN	141.3M	1.4B	-28.19%	-70.67%	-15.83	0.1	-9.34%	-107.10%
BBBY	95.7M	6.2B	-49.49%	-96.31%	-0.08	0.02	-26.37%	-225.93%

Financials for Best Buy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-2.7%	47,928	49,251	50,771	51,761	52,333
Gross Profit	-4.4%	10,285	10,755	11,278	11,640	11,870
S&GA Expenses	-2.3%	8,218	8,410	8,537	8,635	8,498
EBITDA	-9.1%	2,910	3,200	3,611	-	-
EBITDA Margin	-6.6%	0.06*	0.06*	0.07*	-	-
Earnings Before Taxes	-13.4%	1,977	2,282	2,709	3,024	3,267
EBT Margin	-11.0%	0.04*	0.05*	0.05*	-	-
Interest Expenses	11.5%	29.00	26.00	25.00	25.00	28.00
Net Income	-12.5%	1,550	1,772	2,200	2,454	2,644
Net Income Margin	-10.1%	0.03*	0.04*	0.04*	-	-
Free Cahsflow	45.4%	1,198	824	972	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	10.4%	17,021	15,419	15,251	17,504	20,102
Current Assets	18.9%	9,922	8,344	8,315	10,539	13,520
Cash Equivalents	11.0%	932	840	640	2,936	3,465
Inventory	20.7%	7,294	6,043	6,258	5,965	8,553
Net PPE	2.3%	2,373	2,319	2,251	2,250	2,256
Goodwill	-0.1%	1,383	1,385	1,385	1,384	986
Current Liabilities	17.6%	10,170	8,650	8,635	10,674	11,946
LT Debt, Current	6.7%	16.00	15.00	15.00	13.00	15.00
LT Debt, Non Current	-3.5%	1,142	1,184	1,170	1,216	1,223
Shareholder's Equity	3.5%	2,993	2,892	2,767	3,020	4,278
Retained Earnings	3.0%	2,597	2,522	2,417	2,668	3,917
Additional Paid-In Capital	205.0%	61.00	20.00	-	-	-
Accumulated Depreciation	-	6,091	-	-	-	-
Shares Outstanding	0.0%	225	225	225	227	244

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	24.1%	2,083	1,679	1,763	3,252	2,081
Share Based Compensation	-0.7%	134	135	143	141	133
Cashflow From Investing	6.5%	-1,401	-1,498	-1,332	-1,372	-342
Cashflow From Financing	14.0%	-3,008	-3,496	-3,858	-4,297	-3,393
Dividend Payments	3.5%	761	735	712	688	664
Buy Backs	-16.0%	2,239	2,665	3,071	3,502	2,019

Risks for BBY

What is the probability of a big loss on BBY?

66.5%

Probability that Best Buy stock will be more than 20% underwater in next one year

58.1%

Probability that Best Buy stock will be more than 30% underwater in next one year.

28.9%

Probability that Best Buy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BBY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Best Buy was unfortunately bought at previous high price.

Drawdowns

Returns for BBY

Cumulative Returns on BBY

15.7%

10-Year Cumulative Returns

16.0%

7-Year Cumulative Returns

4.7%

5-Year Cumulative Returns

10.2%

3-Year Cumulative Returns

What are the long-term rolling returns for BBY?

FIve years rolling returns for Best Buy.

Annualized Returns

Which funds bought or sold BBY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-5.09	14,338,800	85,352,800	0.09%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-9.23	43,000	327,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-	-	-%
2023-02-28	Voya Investment Management LLC	added	3.39	1,765,000	7,471,000	0.01%
2023-02-24	NATIXIS	reduced	-83.81	-4,827,730	1,234,270	0.01%
2023-02-24	SRS Capital Advisors, Inc.	added	1.03	32,358	149,358	0.02%
2023-02-24	National Pension Service	reduced	-5.26	4,108,930	28,616,000	0.06%
2023-02-23	WC Walker & Associates, Inc.	added	1.74	335,062	1,521,060	0.81%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-57.12	-13,133,000	15,606,000	0.16%
2023-02-22	IMS Capital Management	new	-	244,641	244,641	0.16%

Latest Funds Activity

Are funds buying BBY calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BBY

No. of Funds

BBY Alerts

7 major insider sales recently.

Best Buy News

Schedule 13G FIlings of Best Buy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	11.77%	26,046,061	SC 13G/A
Feb 07, 2023	blackrock inc.	8.8%	19,388,913	SC 13G/A
Jan 20, 2023	schulze richard m	10.4%	23,068,885	SC 13D/A
Feb 09, 2022	vanguard group inc	11.52%	27,705,867	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 07, 2022	blackrock inc.	9.1%	21,872,180	SC 13G/A
Feb 10, 2021	vanguard group inc	11.11%	28,756,539	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G/A
Jan 29, 2021	blackrock inc.	7.5%	19,306,106	SC 13G/A
Feb 12, 2020	vanguard group inc	10.39%	26,908,849	SC 13G/A

BBY Fair Value

Best Buy fair value in different scenarios

The table shows the Fair Value estimates for Best Buy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	65.86 -11.38%	80.40 8.18%	115.93 55.99%	146.30 96.85%	183.66 147.12%
Current Inflation	61.19 -17.67%	73.83 -0.66%	103.87 39.76%	129.51 74.26%	160.58 116.07%
Very High Inflation	55.34 -25.54%	65.73 -11.56%	89.48 20.40%	109.79 47.73%	133.88 80.14%

Historical Best Buy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Best Buy

View All Filings

Date Filed	Form Type	Document
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 22, 2023	4	Insider Trading
Mar 21, 2023	144	Notice of Insider Sale Intent
Mar 21, 2023	144	Notice of Insider Sale Intent
Mar 21, 2023	144	Notice of Insider Sale Intent

Latest Insider Trading transactions for BBY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-21	Bonfig Jason J	sold	-854,566	77.95	-10,963	chief merchandising officer
2023-03-21	Harmon Damien	sold	-461,074	77.95	-5,915	evp, omnichannel
2023-03-21	Hartman Todd G.	sold	-287,636	77.95	-3,690	gc, chief risk officer
2023-03-21	Scarlett Kathleen	sold	-316,399	77.95	-4,059	evp, hr and best buy canada
2023-03-21	Barry Corie S	sold	-1,988,580	77.95	-25,511	ceo
2023-03-21	Bilunas Matthew M	sold	-559,759	77.95	-7,181	chief financial officer
2023-03-21	Watson Mathew	sold	-210,777	77.95	-2,704	svp, finance-controller & cao
2023-03-20	Bilunas Matthew M	acquired	-	-	19,199	chief financial officer
2023-03-20	Bonfig Jason J	acquired	-	-	9,600	chief merchandising officer
2023-03-20	Barry Corie S	acquired	-	-	70,396	ceo

About Best Buy

Corie S. Barry

www.bestbuy.com

65535

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

BBY Income Statement

2023-01-28

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Consolidated Statements of Earnings [Abstract]
Revenue	$ 46,298.0	$ 51,761.0	$ 47,262.0
Cost of sales	36,386.0	40,121.0	36,689.0
Gross profit	9,912.0	11,640.0	10,573.0
Selling, general and administrative expenses	7,970.0	8,635.0	7,928.0
Restructuring charges	147.0	(34.0)	254.0
Operating income	1,795.0	3,039.0	2,391.0
Other income (expense):
Investment income and other	28.0	10.0	38.0
Interest expense	(35.0)	(25.0)	(52.0)
Earnings before income tax expense and equity in income of affiliates	1,788.0	3,024.0	2,377.0
Income tax expense	370.0	574.0	579.0
Equity in income of affiliates	1.0	4.0
Net earnings	$ 1,419.0	$ 2,454.0	$ 1,798.0
Basic earnings per share	$ 6.31	$ 9.94	$ 6.93
Diluted earnings per share	$ 6.29	$ 9.84	$ 6.84
Weighted-average common shares outstanding:
Basic	224.8	246.8	259.6
Diluted	225.7	249.3	263.0

BBY Balance Sheet

2023-01-28

Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 28, 2023	Jan. 29, 2022
Current assets
Cash and cash equivalents	$ 1,874.0	$ 2,936.0
Receivables, net	1,141.0	1,042.0
Merchandise inventories	5,140.0	5,965.0
Other current assets	647.0	596.0
Total current assets	8,802.0	10,539.0
Property and equipment
Land and buildings	688.0	671.0
Leasehold improvements	2,260.0	2,160.0
Fixtures and equipment	3,928.0	5,419.0
Property under finance leases	100.0	91.0
Gross property and equipment	6,976.0	8,341.0
Less accumulated depreciation	4,624.0	6,091.0
Net property and equipment	2,352.0	2,250.0
Operating lease assets	2,746.0	2,654.0
Goodwill	1,383.0	1,384.0
Other assets	520.0	677.0
Total assets	15,803.0	17,504.0
Current liabilities
Accounts payable	5,687.0	6,803.0
Accrued compensation and related expenses	405.0	845.0
Accrued liabilities	843.0	946.0
Current portion of operating lease liabilities	638.0	648.0
Current portion of long-term debt	16.0	13.0
Total current liabilities	8,979.0	10,674.0
Long-term operating lease liabilities	2,164.0	2,061.0
Long-term liabilities	705.0	533.0
Long-term debt	1,160.0	1,216.0
Contingencies and commitments (Note 13)
Equity
Preferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none
Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 218.1 million and 227.4 million shares, respectively	22.0	23.0
Additional paid-in capital	21.0
Retained earnings	2,430.0	2,668.0
Accumulated other comprehensive income	322.0	329.0
Total equity	2,795.0	3,020.0
Total liabilities and equity	15,803.0	17,504.0
Gift Card [Member]
Current liabilities
Short-term contract liabilities	274.0	316.0
Deferred Revenue [Member]
Current liabilities
Short-term contract liabilities	$ 1,116.0	$ 1,103.0