Home Depot managed to defy market expectations and delivered a spectacular result and an all-around beat. The home improvement giant was expected to witness a much slower growth given the easing of the pandemic-related restrictions but saw a phenomenal growth driven by the latest round of stimulus provided by the Government. Despite the heavily pent-up demand for out-of-home activities, the fact that so many American citizens decided to spend so heavily on home improvement indicates a highly cautious approach on their part. This is a major green flag for the company’s shareholders. While the management has not provided a guidance, we believe that the company is poised for a rock solid 2021.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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