Below are the valuation targets for The TJX Companies (TJX) for the next 10 years.
Our valuation targets for The TJX Companies (TJX) in 2019 are:
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$98.67 (overvalued)
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$74.29 (fair value)
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$49.91 (undervalued)
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$33.12 (extreme undervalue)
The valuation targets for The TJX Companies (TJX) are based on a dividend growth rate of 7.00% which is derived from one half the expected 2021 to 2023 dividend growth rate in the Value Line Investment Survey dated January 25, 2019 and applied to Edson Gould’s Altimeter. A graphical representation of the overvalued, fair value, and undervalued levels are below.
The above Altimeter translates into the following undervalued and overvalued ranges since 2005:
10-Year Targets
Observations
According to Value Line Investment Survey, The TJX Companies (TJX) has an expected price range of $60-$75 by 2021-2023. On our end, we have a range from as low as $57.14 to as high as $129.34 in the same period of time.
Last updated: April 9, 2019