2014 | 2015 | ||||||
Price: | 4.20 | EPS | $0.00 | $0.11 | |||
Shares Out. (in M): | 535 | P/E | 0.0x | 38.0x | |||
Market Cap (in $M): | 2,247 | P/FCF | 0.0x | 0.0x | |||
Net Debt (in $M): | -285 | EBIT | 0 | 167 | |||
TEV (in $M): | 1,962 | TEV/EBIT | 0.0x | 12x |
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2014 | 2015 | 2016 | |
Average North American Stores (1,912 Stores today) | 1,850 | 1,700 | 1,560 |
Retail Revenue (in $ millions) | 6,700 | 6,300 | 5,900 |
Business Solutions | 6,800 | 6,850 | 7,000 |
International | 3,000 | 2,900 | 2,800 |
Total Revenue (in $ millions) | 16,500 | 16,050 | 15,700 |
EBITDA | 460 | 675 | 900 |
Adjusted EBITDA Margins | 2.7% | 4.2% | 5.7% |
EBIT | 160 | 375 | 600 |
Interest | 75 | 75 | 75 |
EBT | 85 | 300 | 525 |
Tax | 25 | 90 | 157 |
Net Income | 60 | 210 | 368 |
EPS | .11 | .40 | .68 |
Most recently, Smith was the Chief Executive Officer and President of Delhaize America, LLC, which is the U.S. division of Delhaize Group. Delhaize America produces over $18 billion in annual revenue through its U.S. supermarkets, including Food Lion and Hannaford, and represents approximately 65% of the revenue of the Delhaize Group. While at Delhaize, Smith orchestrated the successful integration of the major supermarket chains owned by Delhaize, including successful dispositions of three of the chains thereby materially improving profitability and driving substantial shareholder value creation at Delhaize Group.
Previously, Smith was President and CEO of The Wendy’s Company; President and CEO of Wendy's/Arby's Group, Inc.; and CEO of Wendy's International, Inc. Throughout his tenure at these companies, Smith orchestrated numerous transformative initiatives. Originally at Arby’s, Smith helped to rejuvenate the brand, turn around the culture, and integrate the acquisition of its largest franchisee. Later, Smith successfully completed the acquisition and merger of Wendy’s by Arby’s. While transforming the culture, menu, and product, Smith also improved operations and accelerated international expansion. Additionally, Smith orchestrated the successful sale of Arby’s.
Smith also led operational turnarounds at American Golf Corporation, the world’s largest owner and operator of golf courses, and AMF, the world’s largest owner and operator of bowling centers.
- See more at: http://news.officedepot.com/press-release/corporatefinancial-news/roland-c-smith-appointed-chairman-and-ceo-office-depot-inc#sthash.vNqk9TU3.dpufMost recently, Smith was the Chief Executive Officer and President of Delhaize America, LLC, which is the U.S. division of Delhaize Group. Delhaize America produces over $18 billion in annual revenue through its U.S. supermarkets, including Food Lion and Hannaford, and represents approximately 65% of the revenue of the Delhaize Group. While at Delhaize, Smith orchestrated the successful integration of the major supermarket chains owned by Delhaize, including successful dispositions of three of the chains thereby materially improving profitability and driving substantial shareholder value creation at Delhaize Group.
Previously, Smith was President and CEO of The Wendy’s Company; President and CEO of Wendy's/Arby's Group, Inc.; and CEO of Wendy's International, Inc. Throughout his tenure at these companies, Smith orchestrated numerous transformative initiatives. Originally at Arby’s, Smith helped to rejuvenate the brand, turn around the culture, and integrate the acquisition of its largest franchisee. Later, Smith successfully completed the acquisition and merger of Wendy’s by Arby’s. While transforming the culture, menu, and product, Smith also improved operations and accelerated international expansion. Additionally, Smith orchestrated the successful sale of Arby’s.
Smith also led operational turnarounds at American Golf Corporation, the world’s largest owner and operator of golf courses, and AMF, the world’s largest owner and operator of bowling centers.
Risks
The main risk is that the synergies are not achieved or if they are achieved, they may not be able to offset further secular headwinds. Customers of Office Max may choose to take their business to Staples. Reorganization costs may increase thus reducing the amount of benefit the synergies will have. Office Depot needs to spend money in order to achieve the synergies and if it costs more than they thought it would be a drag to earnings.
Most recently, Smith was the Chief Executive Officer and President of Delhaize America, LLC, which is the U.S. division of Delhaize Group. Delhaize America produces over $18 billion in annual revenue through its U.S. supermarkets, including Food Lion and Hannaford, and represents approximately 65% of the revenue of the Delhaize Group. While at Delhaize, Smith orchestrated the successful integration of the major supermarket chains owned by Delhaize, including successful dispositions of three of the chains thereby materially improving profitability and driving substantial shareholder value creation at Delhaize Group.
Previously, Smith was President and CEO of The Wendy’s Company; President and CEO of Wendy's/Arby's Group, Inc.; and CEO of Wendy's International, Inc. Throughout his tenure at these companies, Smith orchestrated numerous transformative initiatives. Originally at Arby’s, Smith helped to rejuvenate the brand, turn around the culture, and integrate the acquisition of its largest franchisee. Later, Smith successfully completed the acquisition and merger of Wendy’s by Arby’s. While transforming the culture, menu, and product, Smith also improved operations and accelerated international expansion. Additionally, Smith orchestrated the successful sale of Arby’s.
Smith also led operational turnarounds at American Golf Corporation, the world’s largest owner and operator of golf courses, and AMF, the world’s largest owner and operator of bowling centers.
- See more at: http://news.officedepot.com/press-release/corporatefinancial-news/roland-c-smith-appointed-chairman-and-ceo-office-depot-inc#sthash.vNqk9Tshow sort by |
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