Target (TGT) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Target. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Target’s most recent SEC filings.
Assumptions
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Frequently asked
What is Target Corporation's primary business model and how does it differentiate itself in the retail market?+
Target operates as a general merchandise retailer in the United States, offering everyday essentials and differentiated merchandise at discounted prices. It differentiates itself through owned brands, exclusive partnerships, and a premium discount store experience, competing with major retailers like Walmart, Amazon, and Costco.
How does Target generate its revenue, and what are its main sales channels?+
Target generates revenue through both store-originated and digitally-originated sales. Store sales are driven by store count and sales per store or comparable store sales growth, while digital sales depend on digital traffic, conversion rate, and average order value. The company leverages its extensive store network to fulfill over 95% of total sales, including digital orders.
What are Target's key capital expenditure priorities, and what percentage of revenue is typically allocated to Capex?+
Target typically allocates 3.0% to 4.5% of its revenue to capital expenditures annually, historically ranging from $3 billion to $5 billion. Major capex programs include expanding its sortation center network to reduce last-mile delivery costs and ongoing store remodels to support omnichannel fulfillment. Approximately 60% of this capex is for growth initiatives.
What is the purpose of the Target Corporation financial model, and what key metrics does it aim to forecast?+
The financial model provides a comprehensive equity valuation and scenario planning tool for Target Corporation. It aims to forecast comparable sales growth, operating margin recovery, and free cash flow generation to determine the company's intrinsic share price.
Is a downloadable Excel financial model available for Target Corporation, and what is its forecast horizon?+
Yes, a downloadable Excel financial model is available for Target Corporation. This model provides a forecast horizon covering fiscal years FY2026 through FY2030.
How does Target Corporation manage its working capital, and what is its typical net working capital profile?+
Target Corporation typically operates with negative net working capital as a percentage of revenue, meaning it sells inventory to consumers before paying vendors. This profile allows the company to generate cash as it grows. Key balance sheet components include Property and Equipment, which makes up nearly 60% of total assets, and Inventory, at 20% to 25%.
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