Home Depot Inc


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SKU: HD Category:


Home Depot has benefitted heavily from the solid momentum in the housing market and the continued increase in home improvement expenditure. The management has made a visible effort to improve its merchandising and distribution network. The company reported a blowout quarter with an all-around beat indicating that home improvement spending by American consumers continues to be on the rise, particularly after the stimulus checks hitting their bank accounts. The company is increasingly adapting to the high-demand environment, driven by investments in its business over the years and the dedication of its associates to serve customers. Despite going up against tough comparisons from last year, the company’s overall comps grew by a staggering 31%, with a 29.9% improvement in the United States. Other key catalysts for top-line growth could come from the firm’s efficient supply chain, improved merchandising technology, and penetration of adjacent customer product segments. We maintain our ‘Hold’ rating with a revised target price.

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
⦁ Disclosures

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