NATURAL GROCERS BY VITAMIN C (NGVC) Stock Fundamental Analysis
NYSE:NGVC - New York Stock Exchange, Inc. - US63888U1088 - Common Stock - Currency: USD
Overall NGVC gets a fundamental rating of 5 out of 10. We evaluated NGVC against 40 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 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.
NGVC had a positive operating cash flow in the past year.
Each year in the past 5 years NGVC has been profitable.
NGVC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NGVC has a Return On Assets of 6.21%. This is in the better half of the industry: NGVC outperforms 72.50% of its industry peers.
The Return On Equity of NGVC (21.38%) is better than 75.00% of its industry peers.
NGVC's Return On Invested Capital of 9.43% is fine compared to the rest of the industry. NGVC outperforms 77.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NGVC is below the industry average of 8.23%.
The 3 year average ROIC (6.18%) for NGVC is below the current ROIC(9.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.21% | ||
| ROE | 21.38% | ||
| ROIC | 9.43% |
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 has a Profit Margin of 3.18%. This is amongst the best in the industry. NGVC outperforms 82.50% of its industry peers.
NGVC's Profit Margin has improved in the last couple of years.
NGVC's Operating Margin of 4.48% is amongst the best of the industry. NGVC outperforms 85.00% of its industry peers.
In the last couple of years the Operating Margin of NGVC has grown nicely.
With a decent Gross Margin value of 29.76%, NGVC is doing good in the industry, outperforming 72.50% of the companies in the same industry.
In the last couple of years the Gross Margin of NGVC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.48% | ||
| PM (TTM) | 3.18% | ||
| GM | 29.76% |
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.
The number of shares outstanding for NGVC has been increased compared to 1 year ago.
Compared to 5 years ago, NGVC has more shares outstanding
The debt/assets ratio for NGVC has been reduced compared to a year ago.
2.2 Solvency
NGVC has an Altman-Z score of 3.68. This indicates that NGVC is financially healthy and has little risk of bankruptcy at the moment.
With a Altman-Z score value of 3.68, NGVC perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
The Debt to FCF ratio of NGVC is 1.09, which is an excellent value as it means it would take NGVC, only 1.09 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.09, NGVC belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
NGVC has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of NGVC (0.21) is better than 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.09 | ||
| Altman-Z | 3.68 |
ROIC/WACC1.07
WACC8.85%
2.3 Liquidity
A Current Ratio of 0.97 indicates that NGVC may have some problems paying its short term obligations.
The Current ratio of NGVC (0.97) is worse than 65.00% of its industry peers.
NGVC has a Quick Ratio of 0.97. This is a bad value and indicates that NGVC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.23, NGVC is not doing good in the industry: 82.50% of the companies in the same industry are doing better.
The current and quick ratio evaluation for NGVC is rather negative, while it does have 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 | 0.97 | ||
| Quick Ratio | 0.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 41.27% over the past year.
The Earnings Per Share has been growing by 28.65% on average over the past years. This is a very strong growth
The Revenue has grown by 9.35% in the past year. This is quite good.
The Revenue has been growing slightly by 6.56% on average over the past years.
EPS 1Y (TTM)41.27%
EPS 3Y17.6%
EPS 5Y28.65%
EPS Q2Q%60%
Revenue 1Y (TTM)9.35%
Revenue growth 3Y5.56%
Revenue growth 5Y6.56%
Sales Q2Q%8.98%
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
Based on the Price/Earnings ratio of 22.52, the valuation of NGVC can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as NGVC.
When comparing the Price/Earnings ratio of NGVC to the average of the S&P500 Index (27.45), we can say NGVC is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 46.24, the valuation of NGVC can be described as expensive.
Based on the Price/Forward Earnings ratio, NGVC is valued a bit more expensive than 60.00% of the companies in the same industry.
NGVC's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.52 | ||
| Fwd PE | 46.24 |
4.2 Price Multiples
NGVC's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as NGVC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.26 | ||
| EV/EBITDA | 10.52 |
4.3 Compensation for Growth
NGVC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.79
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
NGVC has a Yearly Dividend Yield of 1.29%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.08, NGVC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, NGVC's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
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
24.38% of the earnings are spent on dividend by NGVC. This is a low number and sustainable payout ratio.
DP24.38%
EPS Next 2YN/A
EPS Next 3YN/A
40.09
+0.47 (+1.19%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners36.84%
Inst Owner Change8.08%
Ins Owners34.42%
Ins Owner Change0.33%
Market Cap920.07M
Analysts85.71
Price TargetN/A
Short Float %4.46%
Short Ratio2.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.29% |
Yearly Dividend1.4
Dividend Growth(5Y)12.62%
DP24.38%
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 | 22.52 | ||
| Fwd PE | 46.24 | ||
| P/S | 0.71 | ||
| P/FCF | 22.26 | ||
| P/OCF | 12.49 | ||
| P/B | 4.77 | ||
| P/tB | 5.1 | ||
| EV/EBITDA | 10.52 |
EPS(TTM)1.78
EY4.44%
EPS(NY)0.87
Fwd EY2.16%
FCF(TTM)1.8
FCFY4.49%
OCF(TTM)3.21
OCFY8.01%
SpS56.55
BVpS8.41
TBVpS7.86
PEG (NY)N/A
PEG (5Y)0.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.21% | ||
| ROE | 21.38% | ||
| ROCE | 11.7% | ||
| ROIC | 9.43% | ||
| ROICexc | 9.85% | ||
| ROICexgc | 10.12% | ||
| OM | 4.48% | ||
| PM (TTM) | 3.18% | ||
| GM | 29.76% | ||
| FCFM | 3.19% |
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 Turnover1.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.09 | ||
| Debt/EBITDA | 0.46 | ||
| Cap/Depr | 102.22% | ||
| Cap/Sales | 2.49% | ||
| Interest Coverage | 14.94 | ||
| Cash Conversion | 82.07% | ||
| Profit Quality | 100.2% | ||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.23 | ||
| Altman-Z | 3.68 |
F-Score8
WACC8.85%
ROIC/WACC1.07
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)41.27%
EPS 3Y17.6%
EPS 5Y28.65%
EPS Q2Q%60%
EPS Next Y-41.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.35%
Revenue growth 3Y5.56%
Revenue growth 5Y6.56%
Sales Q2Q%8.98%
Revenue Next Year3.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y44.09%
EBIT growth 3Y18.63%
EBIT growth 5Y24.25%
EBIT Next Year81.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y308.08%
FCF growth 3Y11.09%
FCF growth 5Y49.8%
OCF growth 1Y56.82%
OCF growth 3Y11.04%
OCF growth 5Y14.56%