CASEY'S GENERAL STORES INC (CASY) Stock Fundamental Analysis
NASDAQ:CASY - Nasdaq - US1475281036 - Common Stock - Currency: USD
Taking everything into account, CASY scores 4 out of 10 in our fundamental rating. CASY was compared to 41 industry peers in the Consumer Staples Distribution & Retail industry. CASY has an excellent profitability rating, but there are 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.
CASY had a positive operating cash flow in the past year.
In the past 5 years CASY has always been profitable.
Each year in the past 5 years CASY had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CASY (6.66%) is better than 75.61% of its industry peers.
Looking at the Return On Equity, with a value of 15.58%, CASY is in the better half of the industry, outperforming 73.17% of the companies in the same industry.
CASY has a better Return On Invested Capital (8.73%) than 70.73% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CASY is in line with the industry average of 7.97%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 15.58% | ||
| ROIC | 8.73% |
ROA(3y)7.36%
ROA(5y)7.06%
ROE(3y)16.34%
ROE(5y)16.08%
ROIC(3y)9.48%
ROIC(5y)9.18%
1.3 Margins
CASY's Profit Margin of 3.43% is amongst the best of the industry. CASY outperforms 85.37% of its industry peers.
In the last couple of years the Profit Margin of CASY has grown nicely.
CASY has a Operating Margin of 5.08%. 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.
CASY has a Gross Margin (23.54%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CASY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.08% | ||
| PM (TTM) | 3.43% | ||
| GM | 23.54% |
OM growth 3Y9.05%
OM growth 5Y2.97%
PM growth 3Y9.31%
PM growth 5Y3.57%
GM growth 3Y3.34%
GM growth 5Y0.14%
2. Health
2.1 Basic Checks
CASY has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CASY has been increased compared to 1 year ago.
CASY has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CASY has a worse debt to assets ratio.
2.2 Solvency
CASY has a debt to FCF ratio of 4.29. This is a neutral value as CASY would need 4.29 years to pay back of all of its debts.
CASY's Debt to FCF ratio of 4.29 is fine compared to the rest of the industry. CASY outperforms 65.85% of its industry peers.
A Debt/Equity ratio of 0.69 indicates that CASY is somewhat dependend on debt financing.
CASY has a Debt to Equity ratio of 0.69. This is comparable to the rest of the industry: CASY outperforms 46.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 4.29 | ||
| Altman-Z | N/A |
ROIC/WACC0.59
WACC14.74%
2.3 Liquidity
A Current Ratio of 0.92 indicates that CASY may have some problems paying its short term obligations.
With a Current ratio value of 0.92, CASY is not doing good in the industry: 75.61% of the companies in the same industry are doing better.
CASY has a Quick Ratio of 0.92. This is a bad value and indicates that CASY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.48, CASY is doing worse than 65.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.48 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.01% over the past year.
The Earnings Per Share has been growing by 15.57% on average over the past years. This is quite good.
CASY shows a small growth in Revenue. In the last year, the Revenue has grown by 7.25%.
The Revenue has been growing by 11.68% on average over the past years. This is quite good.
EPS 1Y (TTM)9.01%
EPS 3Y17.22%
EPS 5Y15.57%
EPS Q2Q%12.39%
Revenue 1Y (TTM)7.25%
Revenue growth 3Y7.16%
Revenue growth 5Y11.68%
Sales Q2Q%10.91%
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 15.13% on average per year.
CASY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.69% yearly.
EPS Next Y9.92%
EPS Next 2Y11.96%
EPS Next 3Y9.26%
EPS Next 5Y15.13%
Revenue Next Year11.19%
Revenue Next 2Y8.38%
Revenue Next 3Y7.14%
Revenue Next 5Y4.69%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
Based on the Price/Earnings ratio of 34.57, the valuation of CASY can be described as expensive.
Based on the Price/Earnings ratio, CASY is valued a bit more expensive than the industry average as 60.98% of the companies are valued more cheaply.
CASY is valuated rather expensively when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 31.45, which means the current valuation is very expensive for CASY.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CASY is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of CASY to the average of the S&P500 Index (22.13), we can say CASY is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.57 | ||
| Fwd PE | 31.45 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CASY indicates a slightly more expensive valuation: CASY is more expensive than 63.41% of the companies listed in the same industry.
CASY's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.14 | ||
| EV/EBITDA | 17.31 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of CASY may justify a higher PE ratio.
PEG (NY)3.48
PEG (5Y)2.22
EPS Next 2Y11.96%
EPS Next 3Y9.26%
5. Dividend
5.1 Amount
CASY has a yearly dividend return of 0.45%, which is pretty low.
Compared to an average industry Dividend Yield of 2.18, 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
5.2 History
The dividend of CASY is nicely growing with an annual growth rate of 9.28%!
CASY has been paying a dividend for at least 10 years, so it has a reliable track record.
CASY has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.28%
Div Incr Years25
Div Non Decr Years34
5.3 Sustainability
CASY pays out 13.23% of its income as dividend. This is a sustainable payout ratio.
CASY's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP13.23%
EPS Next 2Y11.96%
EPS Next 3Y9.26%
506.16
-0.83 (-0.16%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners96.25%
Inst Owner Change8.42%
Ins Owners0.48%
Ins Owner Change-0.93%
Market Cap18.79B
Analysts79.13
Price Target466.48 (-7.84%)
Short Float %3.66%
Short Ratio3.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.45% |
Yearly Dividend1.95
Dividend Growth(5Y)9.28%
DP13.23%
Div Incr Years25
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.03%
Min EPS beat(2)13.84%
Max EPS beat(2)32.23%
EPS beat(4)4
Avg EPS beat(4)15.37%
Min EPS beat(4)4.69%
Max EPS beat(4)32.23%
EPS beat(8)8
Avg EPS beat(8)17.79%
EPS beat(12)11
Avg EPS beat(12)14.19%
EPS beat(16)13
Avg EPS beat(16)11.06%
Revenue beat(2)1
Avg Revenue beat(2)1.23%
Min Revenue beat(2)-0.36%
Max Revenue beat(2)2.81%
Revenue beat(4)1
Avg Revenue beat(4)-1.14%
Min Revenue beat(4)-3.71%
Max Revenue beat(4)2.81%
Revenue beat(8)2
Avg Revenue beat(8)-1.9%
Revenue beat(12)2
Avg Revenue beat(12)-2.03%
Revenue beat(16)4
Avg Revenue beat(16)-1.52%
PT rev (1m)0.93%
PT rev (3m)3.88%
EPS NQ rev (1m)-2.34%
EPS NQ rev (3m)-18.96%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-0.6%
Revenue NQ rev (1m)-0.52%
Revenue NQ rev (3m)1.39%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.57 | ||
| Fwd PE | 31.45 | ||
| P/S | 1.18 | ||
| P/FCF | 32.14 | ||
| P/OCF | 17.22 | ||
| P/B | 5.35 | ||
| P/tB | 8.3 | ||
| EV/EBITDA | 17.31 |
EPS(TTM)14.64
EY2.89%
EPS(NY)16.09
Fwd EY3.18%
FCF(TTM)15.75
FCFY3.11%
OCF(TTM)29.39
OCFY5.81%
SpS429.44
BVpS94.52
TBVpS60.99
PEG (NY)3.48
PEG (5Y)2.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.66% | ||
| ROE | 15.58% | ||
| ROCE | 11.4% | ||
| ROIC | 8.73% | ||
| ROICexc | 9.15% | ||
| ROICexgc | 11.21% | ||
| OM | 5.08% | ||
| PM (TTM) | 3.43% | ||
| GM | 23.54% | ||
| FCFM | 3.67% |
ROA(3y)7.36%
ROA(5y)7.06%
ROE(3y)16.34%
ROE(5y)16.08%
ROIC(3y)9.48%
ROIC(5y)9.18%
ROICexc(3y)10.02%
ROICexc(5y)9.73%
ROICexgc(3y)11.86%
ROICexgc(5y)11.25%
ROCE(3y)12.38%
ROCE(5y)11.98%
ROICexcg growth 3Y2.72%
ROICexcg growth 5Y0.06%
ROICexc growth 3Y1.5%
ROICexc growth 5Y-2.82%
OM growth 3Y9.05%
OM growth 5Y2.97%
PM growth 3Y9.31%
PM growth 5Y3.57%
GM growth 3Y3.34%
GM growth 5Y0.14%
F-Score6
Asset Turnover1.94
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 4.29 | ||
| Debt/EBITDA | 1.99 | ||
| Cap/Depr | 125.41% | ||
| Cap/Sales | 3.18% | ||
| Interest Coverage | 9.35 | ||
| Cash Conversion | 89.89% | ||
| Profit Quality | 106.97% | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.48 | ||
| Altman-Z | N/A |
F-Score6
WACC14.74%
ROIC/WACC0.59
Cap/Depr(3y)142.29%
Cap/Depr(5y)140.17%
Cap/Sales(3y)3.28%
Cap/Sales(5y)3.49%
Profit Quality(3y)90.52%
Profit Quality(5y)104.68%
High Growth Momentum
Growth
EPS 1Y (TTM)9.01%
EPS 3Y17.22%
EPS 5Y15.57%
EPS Q2Q%12.39%
EPS Next Y9.92%
EPS Next 2Y11.96%
EPS Next 3Y9.26%
EPS Next 5Y15.13%
Revenue 1Y (TTM)7.25%
Revenue growth 3Y7.16%
Revenue growth 5Y11.68%
Sales Q2Q%10.91%
Revenue Next Year11.19%
Revenue Next 2Y8.38%
Revenue Next 3Y7.14%
Revenue Next 5Y4.69%
EBIT growth 1Y12.71%
EBIT growth 3Y16.86%
EBIT growth 5Y15%
EBIT Next Year73.78%
EBIT Next 3Y26.93%
EBIT Next 5Y19.08%
FCF growth 1Y57.6%
FCF growth 3Y8.15%
FCF growth 5Y55.02%
OCF growth 1Y22.16%
OCF growth 3Y11.42%
OCF growth 5Y16.69%