NATURAL GROCERS BY VITAMIN C (NGVC) Stock Fundamental Analysis
USA - NYSE:NGVC - US63888U1088 - Common Stock
37.61 USD
+0.93 (+2.54%)
37.61 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to NGVC. NGVC was compared to 40 industry peers in the Consumer Staples Distribution & Retail industry. NGVC scores excellent on profitability, but there are some minor concerns on its financial health. NGVC is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NGVC was profitable.
In the past year NGVC had a positive cash flow from operations.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.62%, NGVC is in the better half of the industry, outperforming 67.50% of the companies in the same industry.
The Return On Equity of NGVC (21.56%) is better than 72.50% of its industry peers.
NGVC has a better Return On Invested Capital (9.65%) than 77.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NGVC is below the industry average of 8.47%.
The last Return On Invested Capital (9.65%) for NGVC is above the 3 year average (6.18%), which is a sign of increasing profitability.
| 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 fine compared to the rest of the industry. NGVC outperforms 77.50% of its industry peers.
In the last couple of years the Profit Margin of NGVC has grown nicely.
The Operating Margin of NGVC (4.59%) is better than 85.00% 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 67.50% 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
NGVC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, NGVC has more shares outstanding
NGVC has more shares outstanding than it did 5 years ago.
NGVC has a better debt/assets ratio than last year.
2.2 Solvency
NGVC has an Altman-Z score of 3.71. This indicates that NGVC is financially healthy and has little risk of bankruptcy at the moment.
NGVC has a Altman-Z score (3.71) which is in line with its industry peers.
The Debt to FCF ratio of NGVC is 1.39, which is an excellent value as it means it would take NGVC, only 1.39 years of fcf income to pay off all of its debts.
NGVC's Debt to FCF ratio of 1.39 is fine compared to the rest of the industry. NGVC outperforms 80.00% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that NGVC is not too dependend on debt financing.
NGVC has a better Debt to Equity ratio (0.21) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.39 | ||
| Altman-Z | 3.71 |
ROIC/WACC1.11
WACC8.68%
2.3 Liquidity
A Current Ratio of 1.02 indicates that NGVC should not have too much problems paying its short term obligations.
With a Current ratio value of 1.02, NGVC is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
A Quick Ratio of 0.21 indicates that NGVC may have some problems paying its short term obligations.
With a Quick ratio value of 0.21, NGVC is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
NGVC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.26%, which is quite impressive.
The Earnings Per Share has been growing by 28.65% on average over the past years. This is a very strong growth
Looking at the last year, NGVC shows a quite strong growth in Revenue. The Revenue has grown by 8.51% in the last year.
The Revenue has been growing slightly by 6.56% on average over the past years.
EPS 1Y (TTM)39.26%
EPS 3Y17.6%
EPS 5Y28.65%
EPS Q2Q%25%
Revenue 1Y (TTM)8.51%
Revenue growth 3Y5.56%
Revenue growth 5Y6.56%
Sales Q2Q%6.35%
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 Y-41.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.8%
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 20.01, NGVC is valued on the expensive side.
NGVC's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of NGVC to the average of the S&P500 Index (27.32), we can say NGVC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 43.38, the valuation of NGVC can be described as expensive.
Based on the Price/Forward Earnings ratio, NGVC is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
NGVC is valuated expensively when we compare the Price/Forward Earnings ratio to 22.89, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.01 | ||
| Fwd PE | 43.38 |
4.2 Price Multiples
NGVC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NGVC is cheaper than 62.50% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NGVC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.36 | ||
| EV/EBITDA | 9.51 |
4.3 Compensation for Growth
NGVC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.7
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.30%, NGVC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.02, NGVC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, NGVC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
5.2 History
The dividend of NGVC is nicely growing with an annual growth rate of 12.62%!
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
NGVC pays out 24.14% of its income as dividend. This is a sustainable payout ratio.
DP24.14%
EPS Next 2YN/A
EPS Next 3YN/A
37.61
+0.93 (+2.54%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners36.63%
Inst Owner Change17.04%
Ins Owners34.41%
Ins Owner Change-0.04%
Market Cap863.15M
Analysts85.71
Price TargetN/A
Short Float %9.66%
Short Ratio4.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
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 | 20.01 | ||
| Fwd PE | 43.38 | ||
| P/S | 0.66 | ||
| P/FCF | 25.36 | ||
| P/OCF | 13.45 | ||
| P/B | 4.26 | ||
| P/tB | 4.54 | ||
| EV/EBITDA | 9.51 |
EPS(TTM)1.88
EY5%
EPS(NY)0.87
Fwd EY2.31%
FCF(TTM)1.48
FCFY3.94%
OCF(TTM)2.8
OCFY7.43%
SpS57.4
BVpS8.82
TBVpS8.29
PEG (NY)N/A
PEG (5Y)0.7
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%
ROICexcg growth 3Y20.04%
ROICexcg 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 | 3.71 |
F-Score8
WACC8.68%
ROIC/WACC1.11
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)39.26%
EPS 3Y17.6%
EPS 5Y28.65%
EPS Q2Q%25%
EPS Next Y-41.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.51%
Revenue growth 3Y5.56%
Revenue growth 5Y6.56%
Sales Q2Q%6.35%
Revenue Next Year3.8%
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%