NATURAL GROCERS BY VITAMIN C (NGVC) Fundamental Analysis & Valuation

NYSE:NGVC • US63888U1088

Current stock price

25.6 USD
+0.62 (+2.48%)
At close:
25.21 USD
-0.39 (-1.52%)
After Hours:

This NGVC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. NGVC Profitability Analysis

1.1 Basic Checks

  • In the past year NGVC was profitable.
  • In the past year NGVC had a positive cash flow from operations.
  • In the past 5 years NGVC has always been profitable.
  • In the past 5 years NGVC always reported a positive cash flow from operatings.
NGVC Yearly Net Income VS EBIT VS OCF VS FCFNGVC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M 60M

1.2 Ratios

  • With a decent Return On Assets value of 7.16%, NGVC is doing good in the industry, outperforming 73.68% of the companies in the same industry.
  • With a decent Return On Equity value of 21.74%, NGVC is doing good in the industry, outperforming 71.05% of the companies in the same industry.
  • NGVC has a better Return On Invested Capital (9.78%) than 71.05% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NGVC is significantly below the industry average of 29.52%.
  • The last Return On Invested Capital (9.78%) for NGVC is above the 3 year average (7.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.16%
ROE 21.74%
ROIC 9.78%
ROA(3y)5.19%
ROA(5y)4.39%
ROE(3y)18.32%
ROE(5y)16.62%
ROIC(3y)7.59%
ROIC(5y)6.46%
NGVC Yearly ROA, ROE, ROICNGVC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • NGVC's Profit Margin of 3.58% is amongst the best of the industry. NGVC outperforms 84.21% of its industry peers.
  • NGVC's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 4.74%, NGVC belongs to the top of the industry, outperforming 81.58% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NGVC has grown nicely.
  • NGVC has a Gross Margin of 29.78%. This is in the better half of the industry: NGVC outperforms 76.32% of its industry peers.
  • NGVC's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.74%
PM (TTM) 3.58%
GM 29.78%
OM growth 3Y15.15%
OM growth 5Y11.8%
PM growth 3Y21.12%
PM growth 5Y12.59%
GM growth 3Y2.23%
GM growth 5Y1.83%
NGVC Yearly Profit, Operating, Gross MarginsNGVC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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6

2. NGVC Health Analysis

2.1 Basic Checks

  • NGVC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • NGVC has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NGVC has been increased compared to 5 years ago.
  • Compared to 1 year ago, NGVC has a worse debt to assets ratio.
NGVC Yearly Shares OutstandingNGVC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
NGVC Yearly Total Debt VS Total AssetsNGVC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • An Altman-Z score of 3.45 indicates that NGVC is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.45, NGVC is in line with its industry, outperforming 47.37% of the companies in the same industry.
  • NGVC has a debt to FCF ratio of 1.12. This is a very positive value and a sign of high solvency as it would only need 1.12 years to pay back of all of its debts.
  • The Debt to FCF ratio of NGVC (1.12) is better than 89.47% of its industry peers.
  • A Debt/Equity ratio of 0.20 indicates that NGVC is not too dependend on debt financing.
  • NGVC has a better Debt to Equity ratio (0.20) than 68.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.12
Altman-Z 3.45
ROIC/WACC1.13
WACC8.63%
NGVC Yearly LT Debt VS Equity VS FCFNGVC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M

2.3 Liquidity

  • NGVC has a Current Ratio of 1.07. This is a normal value and indicates that NGVC is financially healthy and should not expect problems in meeting its short term obligations.
  • NGVC has a Current ratio of 1.07. This is comparable to the rest of the industry: NGVC outperforms 47.37% of its industry peers.
  • NGVC has a Quick Ratio of 1.07. This is a bad value and indicates that NGVC is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of NGVC (0.25) is worse than 81.58% of its industry peers.
  • NGVC does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.07
Quick Ratio 0.25
NGVC Yearly Current Assets VS Current LiabilitesNGVC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NGVC Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 31.21% over the past year.
  • Measured over the past years, NGVC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.84% on average per year.
  • The Revenue has been growing slightly by 5.21% in the past year.
  • The Revenue has been growing slightly by 5.12% on average over the past years.
EPS 1Y (TTM)31.21%
EPS 3Y29.08%
EPS 5Y17.84%
EPS Q2Q%13.95%
Revenue 1Y (TTM)5.21%
Revenue growth 3Y6.89%
Revenue growth 5Y5.12%
Sales Q2Q%1.62%

3.2 Future

  • NGVC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.81% yearly.
  • The Revenue is expected to grow by 6.68% on average over the next years.
EPS Next Y6.08%
EPS Next 2Y4.71%
EPS Next 3Y4.69%
EPS Next 5Y4.81%
Revenue Next Year13.28%
Revenue Next 2Y9.6%
Revenue Next 3Y7.5%
Revenue Next 5Y6.68%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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 accelerating.
NGVC Yearly Revenue VS EstimatesNGVC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B
NGVC Yearly EPS VS EstimatesNGVC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.5 1 1.5 2 2.5

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6

4. NGVC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.43, which indicates a correct valuation of NGVC.
  • NGVC's Price/Earnings ratio is rather cheap when compared to the industry. NGVC is cheaper than 81.58% of the companies in the same industry.
  • NGVC is valuated cheaply when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.67, which indicates a very decent valuation of NGVC.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NGVC indicates a rather cheap valuation: NGVC is cheaper than 84.21% of the companies listed in the same industry.
  • NGVC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.83.
Industry RankSector Rank
PE 12.43
Fwd PE 11.67
NGVC Price Earnings VS Forward Price EarningsNGVC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NGVC indicates a somewhat cheap valuation: NGVC is cheaper than 78.95% of the companies listed in the same industry.
  • 73.68% of the companies in the same industry are more expensive than NGVC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.89
EV/EBITDA 6.45
NGVC Per share dataNGVC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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 excellent profitability rating of NGVC may justify a higher PE ratio.
PEG (NY)2.04
PEG (5Y)0.7
EPS Next 2Y4.71%
EPS Next 3Y4.69%

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5

5. NGVC Dividend Analysis

5.1 Amount

  • NGVC has a Yearly Dividend Yield of 2.40%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 0.70, NGVC pays a better dividend. On top of this NGVC pays more dividend than 89.47% of the companies listed in the same industry.
  • NGVC's Dividend Yield is a higher than the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 2.4%

5.2 History

  • On average, the dividend of NGVC grows each year by 11.40%, which is quite nice.
  • NGVC has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)11.4%
Div Incr Years0
Div Non Decr Years0
NGVC Yearly Dividends per shareNGVC Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 24.49% 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.
DP24.49%
EPS Next 2Y4.71%
EPS Next 3Y4.69%
NGVC Yearly Income VS Free CF VS DividendNGVC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M
NGVC Dividend Payout.NGVC Dividend Payout, showing the Payout Ratio.NGVC Dividend Payout.PayoutRetained Earnings

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NGVC Fundamentals: All Metrics, Ratios and Statistics

NATURAL GROCERS BY VITAMIN C

NYSE:NGVC (3/13/2026, 8:04:00 PM)

After market: 25.21 -0.39 (-1.52%)

25.6

+0.62 (+2.48%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners38.74%
Inst Owner Change-7.19%
Ins Owners34.3%
Ins Owner Change0.09%
Market Cap589.57M
Revenue(TTM)1.34B
Net Income(TTM)47.84M
Analysts85
Price Target45.9 (79.3%)
Short Float %5.67%
Short Ratio3.6
Dividend
Industry RankSector Rank
Dividend Yield 2.4%
Yearly Dividend0.48
Dividend Growth(5Y)11.4%
DP24.49%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.74%
Min EPS beat(2)4.43%
Max EPS beat(2)19.05%
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)-16.67%
PT rev (3m)-16.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-1.42%
EPS NY rev (3m)-1.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 12.43
Fwd PE 11.67
P/S 0.44
P/FCF 13.89
P/OCF 7.99
P/B 2.68
P/tB 2.82
EV/EBITDA 6.45
EPS(TTM)2.06
EY8.05%
EPS(NY)2.19
Fwd EY8.57%
FCF(TTM)1.84
FCFY7.2%
OCF(TTM)3.2
OCFY12.51%
SpS58.02
BVpS9.55
TBVpS9.06
PEG (NY)2.04
PEG (5Y)0.7
Graham Number21.04
Profitability
Industry RankSector Rank
ROA 7.16%
ROE 21.74%
ROCE 12.37%
ROIC 9.78%
ROICexc 10.24%
ROICexgc 10.49%
OM 4.74%
PM (TTM) 3.58%
GM 29.78%
FCFM 3.18%
ROA(3y)5.19%
ROA(5y)4.39%
ROE(3y)18.32%
ROE(5y)16.62%
ROIC(3y)7.59%
ROIC(5y)6.46%
ROICexc(3y)7.81%
ROICexc(5y)6.66%
ROICexgc(3y)8.02%
ROICexgc(5y)6.84%
ROCE(3y)9.6%
ROCE(5y)8.17%
ROICexgc growth 3Y24.47%
ROICexgc growth 5Y18.99%
ROICexc growth 3Y24.63%
ROICexc growth 5Y18.9%
OM growth 3Y15.15%
OM growth 5Y11.8%
PM growth 3Y21.12%
PM growth 5Y12.59%
GM growth 3Y2.23%
GM growth 5Y1.83%
F-Score8
Asset Turnover2
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.12
Debt/EBITDA 0.46
Cap/Depr 98.32%
Cap/Sales 2.34%
Interest Coverage 21.19
Cash Conversion 77.47%
Profit Quality 88.74%
Current Ratio 1.07
Quick Ratio 0.25
Altman-Z 3.45
F-Score8
WACC8.63%
ROIC/WACC1.13
Cap/Depr(3y)118.49%
Cap/Depr(5y)112.72%
Cap/Sales(3y)2.94%
Cap/Sales(5y)2.88%
Profit Quality(3y)89.65%
Profit Quality(5y)86.35%
High Growth Momentum
Growth
EPS 1Y (TTM)31.21%
EPS 3Y29.08%
EPS 5Y17.84%
EPS Q2Q%13.95%
EPS Next Y6.08%
EPS Next 2Y4.71%
EPS Next 3Y4.69%
EPS Next 5Y4.81%
Revenue 1Y (TTM)5.21%
Revenue growth 3Y6.89%
Revenue growth 5Y5.12%
Sales Q2Q%1.62%
Revenue Next Year13.28%
Revenue Next 2Y9.6%
Revenue Next 3Y7.5%
Revenue Next 5Y6.68%
EBIT growth 1Y21.37%
EBIT growth 3Y23.09%
EBIT growth 5Y17.53%
EBIT Next Year292.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y98.55%
FCF growth 3Y42.6%
FCF growth 5Y-8.31%
OCF growth 1Y22.89%
OCF growth 3Y11.69%
OCF growth 5Y-3.62%

NATURAL GROCERS BY VITAMIN C / NGVC Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NATURAL GROCERS BY VITAMIN C (NGVC) stock?

ChartMill assigns a fundamental rating of 6 / 10 to NGVC.


What is the valuation status for NGVC stock?

ChartMill assigns a valuation rating of 6 / 10 to NATURAL GROCERS BY VITAMIN C (NGVC). This can be considered as Fairly Valued.


What is the profitability of NGVC stock?

NATURAL GROCERS BY VITAMIN C (NGVC) has a profitability rating of 8 / 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 6.08% in the next year.


Can you provide the dividend sustainability for NGVC stock?

The dividend rating of NATURAL GROCERS BY VITAMIN C (NGVC) is 5 / 10 and the dividend payout ratio is 24.49%.