NATURAL GROCERS BY VITAMIN C (NGVC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NGVC - US63888U1088 - Common Stock
23.71 USD
-0.65 (-2.67%)
23.71 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to NGVC. NGVC was compared to 38 industry peers in the Consumer Staples Distribution & Retail industry. While NGVC belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. NGVC has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
NGVC had positive earnings in the past year.
In the past year NGVC had a positive cash flow from operations.
NGVC had positive earnings in each of the past 5 years.
NGVC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of NGVC (6.93%) is better than 73.68% of its industry peers.
The Return On Equity of NGVC (21.87%) is better than 71.05% of its industry peers.
NGVC has a Return On Invested Capital of 9.59%. This is in the better half of the industry: NGVC outperforms 73.68% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NGVC is significantly below the industry average of 28.32%.
The last Return On Invested Capital (9.59%) for NGVC is above the 3 year average (7.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 21.87% | ||
| ROIC | 9.59% |
ROA(3y)5.19%
ROA(5y)4.39%
ROE(3y)18.32%
ROE(5y)16.62%
ROIC(3y)7.59%
ROIC(5y)6.46%
1.3 Margins
With an excellent Profit Margin value of 3.49%, NGVC belongs to the best of the industry, outperforming 81.58% of the companies in the same industry.
NGVC's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 4.67%, NGVC belongs to the top of the industry, outperforming 81.58% of the companies in the same industry.
NGVC's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 29.90%, NGVC is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
NGVC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.67% | ||
| PM (TTM) | 3.49% | ||
| GM | 29.9% |
OM growth 3Y15.15%
OM growth 5Y11.8%
PM growth 3Y21.12%
PM growth 5Y12.59%
GM growth 3Y2.23%
GM growth 5Y1.83%
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.
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.
The debt/assets ratio for NGVC is higher compared to a year ago.
2.2 Solvency
NGVC has an Altman-Z score of 3.35. This indicates that NGVC is financially healthy and has little risk of bankruptcy at the moment.
NGVC's Altman-Z score of 3.35 is in line compared to the rest of the industry. NGVC outperforms 42.11% of its industry peers.
The Debt to FCF ratio of NGVC is 2.08, which is a good value as it means it would take NGVC, 2.08 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of NGVC (2.08) is better than 78.95% of its industry peers.
NGVC has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.21, NGVC is doing good in the industry, outperforming 68.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.08 | ||
| Altman-Z | 3.35 |
ROIC/WACC1.13
WACC8.52%
2.3 Liquidity
A Current Ratio of 1.06 indicates that NGVC should not have too much problems paying its short term obligations.
NGVC has a Current ratio (1.06) which is in line with its industry peers.
NGVC has a Quick Ratio of 1.06. This is a bad value and indicates that NGVC is not financially healthy enough and could expect problems in meeting its short term obligations.
NGVC has a Quick ratio of 0.22. This is amonst the worse of the industry: NGVC underperforms 89.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.22 |
3. Growth
3.1 Past
NGVC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.14%, which is quite impressive.
NGVC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.84% yearly.
Looking at the last year, NGVC shows a small growth in Revenue. The Revenue has grown by 7.19% in the last year.
The Revenue has been growing slightly by 5.12% on average over the past years.
EPS 1Y (TTM)35.14%
EPS 3Y29.08%
EPS 5Y17.84%
EPS Q2Q%30.77%
Revenue 1Y (TTM)7.19%
Revenue growth 3Y6.89%
Revenue growth 5Y5.12%
Sales Q2Q%4.18%
3.2 Future
The Earnings Per Share is expected to grow by 7.60% on average over the next years.
NGVC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.46% yearly.
EPS Next Y7.61%
EPS Next 2Y7.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.07%
Revenue Next 2Y10.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.86, the valuation of NGVC can be described as reasonable.
Based on the Price/Earnings ratio, NGVC is valued cheaper than 86.84% of the companies in the same industry.
NGVC is valuated cheaply when we compare the Price/Earnings ratio to 26.92, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 11.02, which indicates a very decent valuation of NGVC.
NGVC's Price/Forward Earnings ratio is rather cheap when compared to the industry. NGVC is cheaper than 81.58% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.57, NGVC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 11.02 |
4.2 Price Multiples
76.32% of the companies in the same industry are more expensive than NGVC, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as NGVC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.74 | ||
| EV/EBITDA | 6.3 |
4.3 Compensation for Growth
NGVC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of NGVC may justify a higher PE ratio.
PEG (NY)1.56
PEG (5Y)0.66
EPS Next 2Y7.6%
EPS Next 3YN/A
5. Dividend
5.1 Amount
NGVC has a Yearly Dividend Yield of 2.40%.
In the last 3 months the price of NGVC has falen by -36.40%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
NGVC's Dividend Yield is rather good when compared to the industry average which is at 0.77. NGVC pays more dividend than 89.47% of the companies in the same industry.
NGVC's Dividend Yield is a higher than the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
5.2 History
The dividend of NGVC is nicely growing with an annual growth rate of 11.40%!
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
5.3 Sustainability
NGVC pays out 23.70% of its income as dividend. This is a sustainable payout ratio.
The dividend of NGVC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP23.7%
EPS Next 2Y7.6%
EPS Next 3YN/A
23.71
-0.65 (-2.67%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners42.11%
Inst Owner Change0%
Ins Owners34.3%
Ins Owner Change0.03%
Market Cap544.14M
Revenue(TTM)1.33B
Net Income(TTM)46.44M
Analysts85.71
Price Target55.08 (132.31%)
Short Float %11.41%
Short Ratio4.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.4% |
Yearly Dividend0.48
Dividend Growth(5Y)11.4%
DP23.7%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0%
PT rev (3m)184.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 11.02 | ||
| P/S | 0.41 | ||
| P/FCF | 22.74 | ||
| P/OCF | 9.84 | ||
| P/B | 2.56 | ||
| P/tB | 2.71 | ||
| EV/EBITDA | 6.3 |
EPS(TTM)2
EY8.44%
EPS(NY)2.15
Fwd EY9.08%
FCF(TTM)1.04
FCFY4.4%
OCF(TTM)2.41
OCFY10.16%
SpS57.99
BVpS9.25
TBVpS8.74
PEG (NY)1.56
PEG (5Y)0.66
Graham Number20.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.93% | ||
| ROE | 21.87% | ||
| ROCE | 12.14% | ||
| ROIC | 9.59% | ||
| ROICexc | 9.93% | ||
| ROICexgc | 10.17% | ||
| OM | 4.67% | ||
| PM (TTM) | 3.49% | ||
| GM | 29.9% | ||
| FCFM | 1.8% |
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-Score7
Asset Turnover1.98
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 2.08 | ||
| Debt/EBITDA | 0.49 | ||
| Cap/Depr | 98.63% | ||
| Cap/Sales | 2.36% | ||
| Interest Coverage | 19.9 | ||
| Cash Conversion | 58.88% | ||
| Profit Quality | 51.51% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.22 | ||
| Altman-Z | 3.35 |
F-Score7
WACC8.52%
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)35.14%
EPS 3Y29.08%
EPS 5Y17.84%
EPS Q2Q%30.77%
EPS Next Y7.61%
EPS Next 2Y7.6%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.19%
Revenue growth 3Y6.89%
Revenue growth 5Y5.12%
Sales Q2Q%4.18%
Revenue Next Year14.07%
Revenue Next 2Y10.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y24.84%
EBIT growth 3Y23.09%
EBIT growth 5Y17.53%
EBIT Next Year285.07%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-31.8%
FCF growth 3Y42.6%
FCF growth 5Y-8.31%
OCF growth 1Y-25.02%
OCF growth 3Y11.69%
OCF growth 5Y-3.62%
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 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 7.61% 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 23.7%.