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Exploring NYSE:BBY's dividend characteristics.

By Mill Chart

Last update: Mar 19, 2024

Our stock screener has spotted BEST BUY CO INC (NYSE:BBY) as a good dividend stock with solid fundamentals. NYSE:BBY shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

Dividend Examination for NYSE:BBY

ChartMill assigns a Dividend Rating to each stock, ranging from 0 to 10. This rating is calculated by analyzing various dividend elements, such as yield, historical performance, dividend growth, and sustainability. NYSE:BBY has been awarded a 7 for its dividend quality:

  • BBY has a Yearly Dividend Yield of 4.85%, which is a nice return.
  • BBY's Dividend Yield is rather good when compared to the industry average which is at 3.32. BBY pays more dividend than 95.28% of the companies in the same industry.
  • BBY's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
  • On average, the dividend of BBY grows each year by 20.83%, which is quite nice.
  • BBY has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As BBY did not decrease their dividend in the past 5 years, we can say the dividend looks stable.

Exploring NYSE:BBY's Health

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NYSE:BBY was assigned a score of 5 for health:

  • An Altman-Z score of 3.81 indicates that BBY is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.81, BBY is doing good in the industry, outperforming 78.74% of the companies in the same industry.
  • The Debt to FCF ratio of BBY is 0.83, which is an excellent value as it means it would take BBY, only 0.83 years of fcf income to pay off all of its debts.
  • BBY has a better Debt to FCF ratio (0.83) than 80.31% of its industry peers.
  • BBY has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.

What does the Profitability looks like for NYSE:BBY

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:BBY, the assigned 7 is a significant indicator of profitability:

  • Looking at the Return On Assets, with a value of 7.56%, BBY is in the better half of the industry, outperforming 77.17% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 45.38%, BBY belongs to the top of the industry, outperforming 88.98% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 19.60%, BBY belongs to the top of the industry, outperforming 88.98% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BBY is significantly above the industry average of 14.45%.
  • The 3 year average ROIC (27.37%) for BBY is well above the current ROIC(19.60%). The reason for the recent decline needs to be investigated.
  • BBY has a Profit Margin of 2.93%. This is in the better half of the industry: BBY outperforms 62.99% of its industry peers.
  • In the last couple of years the Profit Margin of BBY has grown nicely.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

Our latest full fundamental report of BBY contains the most current fundamental analsysis.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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BEST BUY CO INC

NYSE:BBY (5/29/2024, 7:04:00 PM)

Premarket: 76.5018 +4.6 (+6.4%)

71.9

-0.65 (-0.9%)

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