NATURAL GROCERS BY VITAMIN C (NGVC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NGVC - US63888U1088 - Common Stock
28.82 USD
-1.53 (-5.04%)
29.39 USD
+0.57 (+1.98%)
We assign a fundamental rating of 5 out of 10 to NGVC. NGVC was compared to 39 industry peers in the Consumer Staples Distribution & Retail industry. While NGVC has a great profitability rating, there are some minor concerns on its financial health. NGVC has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NGVC had positive earnings in the past year.
NGVC had a positive operating cash flow in the past year.
Of the past 5 years NGVC 4 years were profitable.
NGVC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
NGVC has a better Return On Assets (6.62%) than 71.79% of its industry peers.
The Return On Equity of NGVC (21.56%) is better than 69.23% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.65%, NGVC is in the better half of the industry, outperforming 74.36% of the companies in the same industry.
NGVC had an Average Return On Invested Capital over the past 3 years of 6.18%. This is below the industry average of 9.07%.
The 3 year average ROIC (6.18%) for NGVC is below the current ROIC(9.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.62% | ||
| ROE | 21.56% | ||
| ROIC | 9.65% |
ROA(3y)3.96%
ROA(5y)3.59%
ROE(3y)15.61%
ROE(5y)14.56%
ROIC(3y)6.18%
ROIC(5y)5.44%
1.3 Margins
NGVC's Profit Margin of 3.31% is amongst the best of the industry. NGVC outperforms 82.05% of its industry peers.
In the last couple of years the Profit Margin of NGVC has grown nicely.
NGVC has a Operating Margin of 4.59%. This is amongst the best in the industry. NGVC outperforms 84.62% of its industry peers.
NGVC's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 29.92%, NGVC is doing good in the industry, outperforming 74.36% of the companies in the same industry.
NGVC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.59% | ||
| PM (TTM) | 3.31% | ||
| GM | 29.92% |
OM growth 3Y12.38%
OM growth 5Y16.6%
PM growth 3Y11.88%
PM growth 5Y21.31%
GM growth 3Y2.01%
GM growth 5Y2.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NGVC is creating some value.
There is no outstanding debt for NGVC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 3.47 indicates that NGVC is not in any danger for bankruptcy at the moment.
NGVC's Altman-Z score of 3.47 is in line compared to the rest of the industry. NGVC outperforms 43.59% of its industry peers.
NGVC has a debt to FCF ratio of 1.39. This is a very positive value and a sign of high solvency as it would only need 1.39 years to pay back of all of its debts.
The Debt to FCF ratio of NGVC (1.39) is better than 82.05% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that NGVC is not too dependend on debt financing.
NGVC's Debt to Equity ratio of 0.21 is fine compared to the rest of the industry. NGVC outperforms 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.39 | ||
| Altman-Z | 3.47 |
ROIC/WACC1.13
WACC8.53%
2.3 Liquidity
A Current Ratio of 1.02 indicates that NGVC should not have too much problems paying its short term obligations.
NGVC has a Current ratio of 1.02. This is in the lower half of the industry: NGVC underperforms 66.67% of its industry peers.
NGVC has a Quick Ratio of 1.02. This is a bad value and indicates that NGVC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.21, NGVC is doing worse than 87.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 35.14% over the past year.
The Earnings Per Share has been growing by 17.84% on average over the past years. This is quite good.
EPS 1Y (TTM)35.14%
EPS 3Y29.08%
EPS 5Y17.84%
EPS Q2Q%30.77%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.18%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y10.67%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.41, NGVC is valued correctly.
Based on the Price/Earnings ratio, NGVC is valued a bit cheaper than the industry average as 76.92% of the companies are valued more expensively.
NGVC is valuated rather cheaply when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.02, NGVC is valued correctly.
74.36% of the companies in the same industry are more expensive than NGVC, based on the Price/Forward Earnings ratio.
NGVC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 13.02 |
4.2 Price Multiples
79.49% of the companies in the same industry are more expensive than NGVC, based on the Enterprise Value to EBITDA ratio.
NGVC's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.43 | ||
| EV/EBITDA | 7.55 |
4.3 Compensation for Growth
NGVC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
NGVC has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.35
PEG (5Y)0.81
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
NGVC has a Yearly Dividend Yield of 2.08%. Purely for dividend investing, there may be better candidates out there.
The stock price of NGVC dropped by -28.89% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
NGVC's Dividend Yield is rather good when compared to the industry average which is at 2.05. NGVC pays more dividend than 82.05% of the companies in the same industry.
NGVC's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
5.2 History
On average, the dividend of NGVC grows each year by 12.62%, which is quite nice.
NGVC has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)12.62%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
24.14% of the earnings are spent on dividend by NGVC. This is a low number and sustainable payout ratio.
NGVC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.14%
EPS Next 2YN/A
EPS Next 3YN/A
28.82
-1.53 (-5.04%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners42.48%
Inst Owner Change0.36%
Ins Owners34.39%
Ins Owner Change0.01%
Market Cap661.42M
Revenue(TTM)N/A
Net Income(TTM)43.65M
Analysts85.71
Price Target55.08 (91.12%)
Short Float %11.27%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.08% |
Yearly Dividend1.4
Dividend Growth(5Y)12.62%
DP24.14%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)184.21%
PT rev (3m)184.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)129.41%
EPS NY rev (3m)129.41%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.41 | ||
| Fwd PE | 13.02 | ||
| P/S | 0.5 | ||
| P/FCF | 19.43 | ||
| P/OCF | 10.31 | ||
| P/B | 3.27 | ||
| P/tB | 3.48 | ||
| EV/EBITDA | 7.55 |
EPS(TTM)2
EY6.94%
EPS(NY)2.21
Fwd EY7.68%
FCF(TTM)1.48
FCFY5.15%
OCF(TTM)2.8
OCFY9.7%
SpS57.4
BVpS8.82
TBVpS8.29
PEG (NY)1.35
PEG (5Y)0.81
Graham Number19.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.62% | ||
| ROE | 21.56% | ||
| ROCE | 11.97% | ||
| ROIC | 9.65% | ||
| ROICexc | 9.91% | ||
| ROICexgc | 10.16% | ||
| OM | 4.59% | ||
| PM (TTM) | 3.31% | ||
| GM | 29.92% | ||
| FCFM | 2.58% |
ROA(3y)3.96%
ROA(5y)3.59%
ROE(3y)15.61%
ROE(5y)14.56%
ROIC(3y)6.18%
ROIC(5y)5.44%
ROICexc(3y)6.33%
ROICexc(5y)5.62%
ROICexgc(3y)6.51%
ROICexgc(5y)5.77%
ROCE(3y)7.66%
ROCE(5y)6.74%
ROICexgc growth 3Y20.04%
ROICexgc growth 5Y7.65%
ROICexc growth 3Y19.86%
ROICexc growth 5Y7.84%
OM growth 3Y12.38%
OM growth 5Y16.6%
PM growth 3Y11.88%
PM growth 5Y21.31%
GM growth 3Y2.01%
GM growth 5Y2.14%
F-Score8
Asset Turnover2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.39 | ||
| Debt/EBITDA | 0.47 | ||
| Cap/Depr | 94.93% | ||
| Cap/Sales | 2.29% | ||
| Interest Coverage | 12.27 | ||
| Cash Conversion | 69.63% | ||
| Profit Quality | 77.98% | ||
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 3.47 |
F-Score8
WACC8.53%
ROIC/WACC1.13
Cap/Depr(3y)123.16%
Cap/Depr(5y)111.96%
Cap/Sales(3y)3.11%
Cap/Sales(5y)2.97%
Profit Quality(3y)85.33%
Profit Quality(5y)112.96%
High Growth Momentum
Growth
EPS 1Y (TTM)35.14%
EPS 3Y29.08%
EPS 5Y17.84%
EPS Q2Q%30.77%
EPS Next Y10.67%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%4.18%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y36.2%
EBIT growth 3Y18.63%
EBIT growth 5Y24.25%
EBIT Next Year81.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y289.04%
FCF growth 3Y11.09%
FCF growth 5Y49.8%
OCF growth 1Y38.45%
OCF growth 3Y11.04%
OCF growth 5Y14.56%
NATURAL GROCERS BY VITAMIN C / NGVC FAQ
What is the ChartMill fundamental rating of NATURAL GROCERS BY VITAMIN C (NGVC) stock?
ChartMill assigns a fundamental rating of 5 / 10 to NGVC.
Can you provide the valuation status for NATURAL GROCERS BY VITAMIN C?
ChartMill assigns a valuation rating of 5 / 10 to NATURAL GROCERS BY VITAMIN C (NGVC). This can be considered as Fairly Valued.
How profitable is NATURAL GROCERS BY VITAMIN C (NGVC) stock?
NATURAL GROCERS BY VITAMIN C (NGVC) has a profitability rating of 7 / 10.
What is the earnings growth outlook for NATURAL GROCERS BY VITAMIN C?
The Earnings per Share (EPS) of NATURAL GROCERS BY VITAMIN C (NGVC) is expected to grow by 10.67% in the next year.
Is the dividend of NATURAL GROCERS BY VITAMIN C sustainable?
The dividend rating of NATURAL GROCERS BY VITAMIN C (NGVC) is 5 / 10 and the dividend payout ratio is 24.14%.