CASEY'S GENERAL STORES INC (CASY) Stock Fundamental Analysis
NASDAQ:CASY - Nasdaq - US1475281036 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to CASY. CASY was compared to 41 industry peers in the Consumer Staples Distribution & Retail industry. CASY has an excellent profitability rating, but there are some minor concerns on its financial health. CASY is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
CASY had positive earnings in the past year.
In the past year CASY had a positive cash flow from operations.
CASY had positive earnings in each of the past 5 years.
CASY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CASY has a Return On Assets of 6.51%. This is in the better half of the industry: CASY outperforms 75.61% of its industry peers.
CASY has a better Return On Equity (15.66%) than 73.17% of its industry peers.
The Return On Invested Capital of CASY (8.49%) is better than 68.29% of its industry peers.
CASY had an Average Return On Invested Capital over the past 3 years of 9.35%. This is in line with the industry average of 8.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.51% | ||
| ROE | 15.66% | ||
| ROIC | 8.49% |
ROA(3y)7.2%
ROA(5y)7.06%
ROE(3y)16.21%
ROE(5y)16.18%
ROIC(3y)9.35%
ROIC(5y)9.44%
1.3 Margins
CASY has a Profit Margin of 3.44%. This is amongst the best in the industry. CASY outperforms 87.80% of its industry peers.
In the last couple of years the Profit Margin of CASY has grown nicely.
CASY has a Operating Margin of 5.03%. This is amongst the best in the industry. CASY outperforms 87.80% of its industry peers.
In the last couple of years the Operating Margin of CASY has grown nicely.
Looking at the Gross Margin, with a value of 23.31%, CASY is in line with its industry, outperforming 46.34% of the companies in the same industry.
In the last couple of years the Gross Margin of CASY has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.03% | ||
| PM (TTM) | 3.44% | ||
| GM | 23.31% |
OM growth 3Y-2.59%
OM growth 5Y7.28%
PM growth 3Y-2.06%
PM growth 5Y9.14%
GM growth 3Y-5.93%
GM growth 5Y1.51%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CASY is destroying value.
The number of shares outstanding for CASY has been reduced compared to 1 year ago.
Compared to 5 years ago, CASY has more shares outstanding
The debt/assets ratio for CASY has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.86 indicates that CASY is not in any danger for bankruptcy at the moment.
CASY has a better Altman-Z score (4.86) than 73.17% of its industry peers.
The Debt to FCF ratio of CASY is 5.12, which is a neutral value as it means it would take CASY, 5.12 years of fcf income to pay off all of its debts.
CASY's Debt to FCF ratio of 5.12 is in line compared to the rest of the industry. CASY outperforms 58.54% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that CASY is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.71, CASY is in line with its industry, outperforming 46.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 5.12 | ||
| Altman-Z | 4.86 |
ROIC/WACC0.57
WACC14.97%
2.3 Liquidity
A Current Ratio of 0.92 indicates that CASY may have some problems paying its short term obligations.
CASY has a worse Current ratio (0.92) than 75.61% of its industry peers.
A Quick Ratio of 0.52 indicates that CASY may have some problems paying its short term obligations.
CASY has a Quick ratio (0.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
CASY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.07%, which is quite good.
The Earnings Per Share has been growing by 19.50% on average over the past years. This is quite good.
Looking at the last year, CASY shows a small growth in Revenue. The Revenue has grown by 6.56% in the last year.
Measured over the past years, CASY shows a quite strong growth in Revenue. The Revenue has been growing by 9.71% on average per year.
EPS 1Y (TTM)14.07%
EPS 3Y16.93%
EPS 5Y19.5%
EPS Q2Q%0%
Revenue 1Y (TTM)6.56%
Revenue growth 3Y19.51%
Revenue growth 5Y9.71%
Sales Q2Q%17.25%
3.2 Future
Based on estimates for the next years, CASY will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.40% on average per year.
CASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.36% yearly.
EPS Next Y6.57%
EPS Next 2Y9.46%
EPS Next 3Y10.96%
EPS Next 5Y10.4%
Revenue Next Year8.81%
Revenue Next 2Y9.83%
Revenue Next 3Y8.34%
Revenue Next 5Y6.36%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 30.94, CASY can be considered very expensive at the moment.
CASY's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.91. CASY is around the same levels.
With a Price/Forward Earnings ratio of 27.59, CASY can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as CASY.
CASY is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.85, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.94 | ||
| Fwd PE | 27.59 |
4.2 Price Multiples
63.41% of the companies in the same industry are cheaper than CASY, based on the Enterprise Value to EBITDA ratio.
CASY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.48 | ||
| EV/EBITDA | 16.24 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CASY does not grow enough to justify the current Price/Earnings ratio.
CASY has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.71
PEG (5Y)1.59
EPS Next 2Y9.46%
EPS Next 3Y10.96%
5. Dividend
5.1 Amount
With a yearly dividend of 0.45%, CASY is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.29, CASY pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.45, CASY pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
On average, the dividend of CASY grows each year by 8.52%, which is quite nice.
CASY has paid a dividend for at least 10 years, which is a reliable track record.
CASY has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.52%
Div Incr Years25
Div Non Decr Years34
5.3 Sustainability
13.02% of the earnings are spent on dividend by CASY. This is a low number and sustainable payout ratio.
The dividend of CASY is growing, but earnings are growing more, so the dividend growth is sustainable.
DP13.02%
EPS Next 2Y9.46%
EPS Next 3Y10.96%
444.05
-6.38 (-1.42%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners89.61%
Inst Owner Change8.38%
Ins Owners0.5%
Ins Owner Change-0.93%
Market Cap16.48B
Analysts80.87
Price Target462.17 (4.08%)
Short Float %3.41%
Short Ratio3.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
Yearly Dividend1.69
Dividend Growth(5Y)8.52%
DP13.02%
Div Incr Years25
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.29%
Min EPS beat(2)10.74%
Max EPS beat(2)13.84%
EPS beat(4)4
Avg EPS beat(4)15.65%
Min EPS beat(4)4.69%
Max EPS beat(4)33.31%
EPS beat(8)7
Avg EPS beat(8)12.36%
EPS beat(12)10
Avg EPS beat(12)11.38%
EPS beat(16)13
Avg EPS beat(16)10.6%
Revenue beat(2)1
Avg Revenue beat(2)-0.45%
Min Revenue beat(2)-3.71%
Max Revenue beat(2)2.81%
Revenue beat(4)2
Avg Revenue beat(4)-0.69%
Min Revenue beat(4)-3.71%
Max Revenue beat(4)2.81%
Revenue beat(8)2
Avg Revenue beat(8)-2.3%
Revenue beat(12)2
Avg Revenue beat(12)-2.16%
Revenue beat(16)5
Avg Revenue beat(16)-1.17%
PT rev (1m)2.08%
PT rev (3m)4.41%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)-17.05%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-0.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.65%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.94 | ||
| Fwd PE | 27.59 | ||
| P/S | 1.06 | ||
| P/FCF | 31.48 | ||
| P/OCF | 15.77 | ||
| P/B | 4.82 | ||
| P/tB | 7.57 | ||
| EV/EBITDA | 16.24 |
EPS(TTM)14.35
EY3.23%
EPS(NY)16.09
Fwd EY3.62%
FCF(TTM)14.1
FCFY3.18%
OCF(TTM)28.16
OCFY6.34%
SpS418.86
BVpS92.06
TBVpS58.64
PEG (NY)4.71
PEG (5Y)1.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.51% | ||
| ROE | 15.66% | ||
| ROCE | 11.13% | ||
| ROIC | 8.49% | ||
| ROICexc | 8.99% | ||
| ROICexgc | 11.06% | ||
| OM | 5.03% | ||
| PM (TTM) | 3.44% | ||
| GM | 23.31% | ||
| FCFM | 3.37% |
ROA(3y)7.2%
ROA(5y)7.06%
ROE(3y)16.21%
ROE(5y)16.18%
ROIC(3y)9.35%
ROIC(5y)9.44%
ROICexc(3y)9.84%
ROICexc(5y)9.96%
ROICexgc(3y)11.53%
ROICexgc(5y)11.19%
ROCE(3y)12.26%
ROCE(5y)12.49%
ROICexcg growth 3Y5.72%
ROICexcg growth 5Y8.62%
ROICexc growth 3Y2.21%
ROICexc growth 5Y6.53%
OM growth 3Y-2.59%
OM growth 5Y7.28%
PM growth 3Y-2.06%
PM growth 5Y9.14%
GM growth 3Y-5.93%
GM growth 5Y1.51%
F-Score6
Asset Turnover1.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 5.12 | ||
| Debt/EBITDA | 2.08 | ||
| Cap/Depr | 134.29% | ||
| Cap/Sales | 3.36% | ||
| Interest Coverage | 10.76 | ||
| Cash Conversion | 89.31% | ||
| Profit Quality | 97.82% | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 4.86 |
F-Score6
WACC14.97%
ROIC/WACC0.57
Cap/Depr(3y)136.34%
Cap/Depr(5y)150.04%
Cap/Sales(3y)3.06%
Cap/Sales(5y)3.81%
Profit Quality(3y)100.18%
Profit Quality(5y)88.24%
High Growth Momentum
Growth
EPS 1Y (TTM)14.07%
EPS 3Y16.93%
EPS 5Y19.5%
EPS Q2Q%0%
EPS Next Y6.57%
EPS Next 2Y9.46%
EPS Next 3Y10.96%
EPS Next 5Y10.4%
Revenue 1Y (TTM)6.56%
Revenue growth 3Y19.51%
Revenue growth 5Y9.71%
Sales Q2Q%17.25%
Revenue Next Year8.81%
Revenue Next 2Y9.83%
Revenue Next 3Y8.34%
Revenue Next 5Y6.36%
EBIT growth 1Y15.6%
EBIT growth 3Y16.41%
EBIT growth 5Y17.69%
EBIT Next Year73%
EBIT Next 3Y28.81%
EBIT Next 5Y19.97%
FCF growth 1Y7.03%
FCF growth 3Y0.74%
FCF growth 5Y22.24%
OCF growth 1Y17.61%
OCF growth 3Y3.56%
OCF growth 5Y10.97%