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

NYSE:NGVC • US63888U1088

Current stock price

26.22 USD
-0.05 (-0.19%)
Last:

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.
  • NGVC had a positive operating cash flow in the past year.
  • Each year in the past 5 years NGVC has 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

  • NGVC's Return On Assets of 7.16% is fine compared to the rest of the industry. NGVC outperforms 72.97% of its industry peers.
  • NGVC's Return On Equity of 21.74% is fine compared to the rest of the industry. NGVC outperforms 72.97% of its industry peers.
  • With a decent Return On Invested Capital value of 9.78%, NGVC is doing good in the industry, outperforming 67.57% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NGVC is significantly below the industry average of 34.77%.
  • The 3 year average ROIC (7.59%) for NGVC is below the current ROIC(9.78%), indicating increased profibility in the last year.
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 81.08% of its industry peers.
  • In the last couple of years the Profit Margin of NGVC has grown nicely.
  • Looking at the Operating Margin, with a value of 4.74%, NGVC is in the better half of the industry, outperforming 78.38% of the companies in the same industry.
  • NGVC's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 29.78%, NGVC is doing good in the industry, outperforming 75.68% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NGVC has grown nicely.
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NGVC is creating some value.
  • The number of shares outstanding for NGVC has been increased compared to 1 year ago.
  • NGVC has more shares outstanding than it did 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

  • NGVC has an Altman-Z score of 3.47. This indicates that NGVC is financially healthy and has little risk of bankruptcy at the moment.
  • NGVC has a Altman-Z score (3.47) which is in line with its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 1.12, NGVC belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
  • NGVC has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.20, NGVC is doing good in the industry, outperforming 64.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.12
Altman-Z 3.47
ROIC/WACC1.13
WACC8.66%
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

  • A Current Ratio of 1.07 indicates that NGVC should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.07, NGVC is in line with its industry, outperforming 43.24% of the companies in the same industry.
  • A Quick Ratio of 0.25 indicates that NGVC may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.25, NGVC is doing worse than 83.78% of the companies in the same industry.
  • 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.
  • NGVC shows a small growth in Revenue. In the last year, the Revenue has grown by 5.21%.
  • 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.
  • Based on estimates for the next years, NGVC will show a small growth in Revenue. The Revenue will grow by 6.68% on average per year.
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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7

4. NGVC Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.73, the valuation of NGVC can be described as correct.
  • 83.78% of the companies in the same industry are more expensive than NGVC, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 27.18, NGVC is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 11.96, the valuation of NGVC can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, NGVC is valued cheaper than 86.49% of the companies 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 37.96.
Industry RankSector Rank
PE 12.73
Fwd PE 11.96
NGVC Price Earnings VS Forward Price EarningsNGVC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NGVC indicates a rather cheap valuation: NGVC is cheaper than 83.78% of the companies listed in the same industry.
  • 81.08% 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 14.22
EV/EBITDA 6.61
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)2.09
PEG (5Y)0.71
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 2.26%.
  • Compared to an average industry Dividend Yield of 0.76, NGVC pays a better dividend. On top of this NGVC pays more dividend than 89.19% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, NGVC pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.26%

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.
  • The dividend of NGVC decreased recently.
Dividend Growth(5Y)11.4%
Div Incr Years1
Div Non Decr Years1
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.
  • The dividend of NGVC is growing, but the earnings are growing slower. 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 (4/14/2026, 1:20:08 PM)

26.22

-0.05 (-0.19%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners38.8%
Inst Owner Change0.31%
Ins Owners34.31%
Ins Owner Change0.09%
Market Cap603.85M
Revenue(TTM)1.34B
Net Income(TTM)47.84M
Analysts85
Price Target45.9 (75.06%)
Short Float %4.49%
Short Ratio3.53
Dividend
Industry RankSector Rank
Dividend Yield 2.26%
Yearly Dividend0.48
Dividend Growth(5Y)11.4%
DP24.49%
Div Incr Years1
Div Non Decr Years1
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)0%
PT rev (3m)-16.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.7%
Valuation
Industry RankSector Rank
PE 12.73
Fwd PE 11.96
P/S 0.45
P/FCF 14.22
P/OCF 8.19
P/B 2.74
P/tB 2.89
EV/EBITDA 6.61
EPS(TTM)2.06
EY7.86%
EPS(NY)2.19
Fwd EY8.36%
FCF(TTM)1.84
FCFY7.03%
OCF(TTM)3.2
OCFY12.21%
SpS58.02
BVpS9.55
TBVpS9.06
PEG (NY)2.09
PEG (5Y)0.71
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 3.47
F-Score8
WACC8.66%
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 7 / 10 to NATURAL GROCERS BY VITAMIN C (NGVC). This can be considered as Undervalued.


Can you provide the profitability details for NATURAL GROCERS BY VITAMIN C?

NATURAL GROCERS BY VITAMIN C (NGVC) has a profitability rating of 8 / 10.


What is the financial health of NATURAL GROCERS BY VITAMIN C (NGVC) stock?

The financial health rating of NATURAL GROCERS BY VITAMIN C (NGVC) is 6 / 10.


How sustainable is the dividend of NATURAL GROCERS BY VITAMIN C (NGVC) stock?

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