Bath & Body Works, Inc. (BBWI) vs National Vision Holdings, Inc. (EYE)

Bath & Body Works, Inc. and National Vision Holdings, Inc. are both Specialty Retail companies. Bath & Body Works, Inc. is the larger, with a market value of $3.4B against $1.3B — 2.6× the size. Bath & Body Works, Inc. trades at the lower P/E: 4.3× against 26.2×. National Vision Holdings, Inc. grew revenue faster over the last twelve months: 7.84% against −2.17%. Bath & Body Works, Inc. has the higher net margin (10.8% vs 2.47%) and the higher return on invested capital (42.7% vs 4.71%). Across the 21 metrics below, Bath & Body Works, Inc. leads on 13 and National Vision Holdings, Inc. on 8.

Valuation

Metric BBWI EYE Specialty Retail median
P/E 4.28 26.24 17.14
P/S 0.46 0.65 0.48
P/B n/m 1.47 1.71
Price to free cash flow 3.16 26.79 13.04
EV/EBITDA 4.22 8.14 8.92
EV/Sales 0.85 0.75 0.64
Earnings yield 23.34% 3.81% 3.85%
Free cash flow yield 31.70% 3.73% 3.02%

Profitability

Metric BBWI EYE Specialty Retail median
Gross margin 44.13% 58.62% 37.89%
Operating margin 16.74% 4.07% 3.66%
Net margin 10.83% 2.47% 1.42%
Free cash flow margin 14.54% 2.41% 1.44%
Return on equity (60.05%) 5.75% 2.58%
Return on assets 15.67% 2.54% 0.25%
Return on invested capital 42.72% 4.71% 0.00%

Growth

Metric BBWI EYE Specialty Retail median
Revenue growth (TTM) (2.17%) 7.84% 3.35%
EPS growth (last fiscal year) (13.85%) 202.78% —
Revenue growth, 5-year CAGR 2.53% 3.03% 3.70%
Net income growth, 5-year CAGR (5.12%) (3.99%) 0.00%

Health

Metric BBWI EYE Specialty Retail median
Debt to equity (3.43) 0.27 0.27
Current ratio 1.20 0.59 1.35
Net debt to EBITDA 2.13 1.30 0.24

Dividend

Metric BBWI EYE Specialty Retail median
Dividend yield 1.84% — 1.73%
Payout ratio 0.26 0.00 0.00

Size

Metric BBWI EYE Specialty Retail median
Market cap 3.41b 1.30b 348.57m

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