The Michaels Companies

The Michaels Companies, Inc. is North America's largest specialty provider of arts, crafts, framing, floral, wall décor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator. As of February 27, 2016, the Company owned and operated more than 1,340 stores in 49 states and Canada under the brands Michaels, Aaron Brothers and Pat Catan’s. The Michaels Companies, Inc., also owns Artistree, a manufacturer of high quality custom and specialty framing merchandise, and Darice, a premier wholesale distributor in the gift and decor industry. The Michaels Companies, Inc. produces a number of exclusive private brands including Recollections®, Studio Decor™, Bead Landing®, Creatology®, Ashland®, Celebrate It®, Art Minds®, Artist’s Loft®, Craft Smart® and Loops & Threads®. With crafting classes, store events, project sheets, store displays, mobile applications and online videos, The Michaels Companies offer experiences that can inspire creativity and confidence for customers.
Type
Public
HQ
Irving, US
Founded
1973
Size (employees)
12,000 (est)-7%
The Michaels Companies was founded in 1973 and is headquartered in Irving, US

The Michaels Companies Office Locations

The Michaels Companies has an office in Irving
Irving, US (HQ)
8000 Bent Branch Dr

The Michaels Companies Data and Metrics

The Michaels Companies Financial Metrics

The Michaels Companies's revenue was reported to be $5.2 b in FY, 2016 which is a 6% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

5.2 b

Revenue growth (FY, 2015 - FY, 2016), %

6%

Net income (FY, 2016)

378.2 m

EBIT (FY, 2016)

715.3 m

Market capitalization (26-May-2017)

3.7 b

Closing share price (26-May-2017)

19.7

Cash (31-Dec-2016)

298.8 m

EV

6.2 b
The Michaels Companies's current market capitalization is $3.7 b.
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Revenue

1.6 b4.9 b5.2 b

Revenue growth, %

206%6%

EBIT

294 m720.6 m715.3 m

EBIT margin, %

18%15%14%

Pre tax profit

572.1 m581.8 m

Net Income

157 m362.9 m378.2 m
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Cash

378 m409.4 m298.8 m

Accounts Receivable

23.2 m

Inventories

86.5 m

Current Assets

1.5 b1.5 b1.5 b

PP&E

386 m378.5 m413.2 m

Goodwill

94 m94.3 m119.1 m

Total Assets

2 b2 b2.1 b

Accounts Payable

447 m457.7 m517.3 m

Total Debt

3.1 b2.8 b2.8 b

Current Liabilities

890 m904.9 m1 b

Additional Paid-in Capital

558 m592.4 m233.1 m

Retained Earnings

(2.7 b)(2.3 b)(1.9 b)

Total Equity

(2.1 b)(1.7 b)(1.7 b)

Debt to Equity Ratio

-1.5 x-1.6 x-1.6 x

Debt to Assets Ratio

1.6 x1.4 x1.3 x

Financial Leverage

-0.9 x-1.2 x-1.3 x
Numbers are in $, USDFY, 2014FY, 2015FY, 2016

Net Income

157 m362.9 m378.2 m

Depreciation and Amortization

111 m114.8 m115.8 m

Accounts Receivable

6.5 m8.9 m

Inventories

20.1 m(1.2 m)

Accounts Payable

77 m24.2 m38.2 m

Cash From Operating Activities

441 m504 m564.4 m

Purchases of PP&E

(138 m)(123.9 m)(114.5 m)

Cash From Investing Activities

(128.9 m)(266.9 m)

Cash From Financing Activities

(164 m)(344 m)(408.1 m)

Income Taxes Paid

1 m44.9 m37.3 m
Numbers are in $, USDY, 2016

EV/EBIT

8.6 x

EV/CFO

11 x

Revenue/Employee

399.8 k

Debt/Equity

-1.6 x

Debt/Assets

1.3 x

Financial Leverage

-1.3 x

The Michaels Companies Market Value History

The Michaels Companies Online and Social Media Presence

The Michaels Companies Company Life and Culture

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