SPARTANNASH CO (SPTN) Stock Fundamental Analysis
NASDAQ:SPTN - Nasdaq - US8472151005 - Common Stock - Currency: USD
SPTN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 40 industry peers in the Consumer Staples Distribution & Retail industry. Both the profitability and the financial health of SPTN get a neutral evaluation. Nothing too spectacular is happening here. SPTN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year SPTN was profitable.
SPTN had a positive operating cash flow in the past year.
Each year in the past 5 years SPTN has been profitable.
In the past 5 years SPTN always reported a positive cash flow from operatings.
1.2 Ratios
SPTN's Return On Assets of -0.41% is on the low side compared to the rest of the industry. SPTN is outperformed by 65.00% of its industry peers.
With a Return On Equity value of -1.42%, SPTN is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
Looking at the Return On Invested Capital, with a value of 4.82%, SPTN is in line with its industry, outperforming 42.50% of the companies in the same industry.
SPTN had an Average Return On Invested Capital over the past 3 years of 4.81%. This is below the industry average of 8.26%.
The 3 year average ROIC (4.81%) for SPTN is below the current ROIC(4.82%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.41% | ||
| ROE | -1.42% | ||
| ROIC | 4.82% |
ROA(3y)1.23%
ROA(5y)2.04%
ROE(3y)3.72%
ROE(5y)6.09%
ROIC(3y)4.81%
ROIC(5y)5.11%
1.3 Margins
In the last couple of years the Profit Margin of SPTN has declined.
With a Operating Margin value of 1.21%, SPTN is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of SPTN has grown nicely.
Looking at the Gross Margin, with a value of 16.10%, SPTN is doing worse than 80.00% of the companies in the same industry.
SPTN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.21% | ||
| PM (TTM) | N/A | ||
| GM | 16.1% |
OM growth 3Y9.13%
OM growth 5Y10.43%
PM growth 3Y-84.35%
PM growth 5Y-45.65%
GM growth 3Y0.25%
GM growth 5Y1.68%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPTN is destroying value.
SPTN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SPTN has less shares outstanding
Compared to 1 year ago, SPTN has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.54 indicates that SPTN is not in any danger for bankruptcy at the moment.
SPTN's Altman-Z score of 4.54 is in line compared to the rest of the industry. SPTN outperforms 60.00% of its industry peers.
SPTN has a debt to FCF ratio of 10.88. This is a negative value and a sign of low solvency as SPTN would need 10.88 years to pay back of all of its debts.
SPTN's Debt to FCF ratio of 10.88 is in line compared to the rest of the industry. SPTN outperforms 45.00% of its industry peers.
SPTN has a Debt/Equity ratio of 1.03. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.03, SPTN is doing worse than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 10.88 | ||
| Altman-Z | 4.54 |
ROIC/WACC0.66
WACC7.26%
2.3 Liquidity
SPTN has a Current Ratio of 1.66. This is a normal value and indicates that SPTN is financially healthy and should not expect problems in meeting its short term obligations.
SPTN has a Current ratio of 1.66. This is amongst the best in the industry. SPTN outperforms 82.50% of its industry peers.
A Quick Ratio of 0.86 indicates that SPTN may have some problems paying its short term obligations.
SPTN has a Quick ratio of 0.86. This is in the better half of the industry: SPTN outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for SPTN have decreased strongly by -11.11% in the last year.
Measured over the past years, SPTN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.72% on average per year.
The Revenue has been growing slightly by 0.26% in the past year.
Measured over the past years, SPTN shows a small growth in Revenue. The Revenue has been growing by 2.27% on average per year.
EPS 1Y (TTM)-11.11%
EPS 3Y5.71%
EPS 5Y12.72%
EPS Q2Q%-33.96%
Revenue 1Y (TTM)0.26%
Revenue growth 3Y2.26%
Revenue growth 5Y2.27%
Sales Q2Q%3.68%
3.2 Future
SPTN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.60% yearly.
Based on estimates for the next years, SPTN will show a small growth in Revenue. The Revenue will grow by 1.73% on average per year.
EPS Next Y-13.15%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
EPS Next 5Y-3.6%
Revenue Next Year4.18%
Revenue Next 2Y1.95%
Revenue Next 3Y1.64%
Revenue Next 5Y1.73%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
SPTN is valuated correctly with a Price/Earnings ratio of 14.43.
Based on the Price/Earnings ratio, SPTN is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
SPTN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.48.
A Price/Forward Earnings ratio of 14.40 indicates a correct valuation of SPTN.
Based on the Price/Forward Earnings ratio, SPTN is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of SPTN to the average of the S&P500 Index (34.04), we can say SPTN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.43 | ||
| Fwd PE | 14.4 |
4.2 Price Multiples
SPTN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPTN is cheaper than 72.50% of the companies in the same industry.
87.50% of the companies in the same industry are more expensive than SPTN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.58 | ||
| EV/EBITDA | 7.31 |
4.3 Compensation for Growth
SPTN's earnings are expected to decrease with -5.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.13
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
5. Dividend
5.1 Amount
SPTN has a Yearly Dividend Yield of 3.31%.
Compared to an average industry Dividend Yield of 2.06, SPTN pays a better dividend. On top of this SPTN pays more dividend than 95.00% of the companies listed in the same industry.
SPTN's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.31% |
5.2 History
The dividend of SPTN has a limited annual growth rate of 5.56%.
SPTN has been paying a dividend for at least 10 years, so it has a reliable track record.
SPTN has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.56%
Div Incr Years14
Div Non Decr Years18
5.3 Sustainability
SPTN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-283.82%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
26.55
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners88.21%
Inst Owner Change-1.43%
Ins Owners1.41%
Ins Owner Change5.29%
Market Cap898.72M
Analysts50
Price Target27.44 (3.35%)
Short Float %8.19%
Short Ratio3.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.31% |
Yearly Dividend0.88
Dividend Growth(5Y)5.56%
DP-283.82%
Div Incr Years14
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.95%
Min EPS beat(2)-20.94%
Max EPS beat(2)32.83%
EPS beat(4)2
Avg EPS beat(4)3.08%
Min EPS beat(4)-20.94%
Max EPS beat(4)32.83%
EPS beat(8)3
Avg EPS beat(8)-1.09%
EPS beat(12)5
Avg EPS beat(12)-0.06%
EPS beat(16)8
Avg EPS beat(16)1.03%
Revenue beat(2)0
Avg Revenue beat(2)-1.05%
Min Revenue beat(2)-1.54%
Max Revenue beat(2)-0.56%
Revenue beat(4)0
Avg Revenue beat(4)-1.75%
Min Revenue beat(4)-3.6%
Max Revenue beat(4)-0.56%
Revenue beat(8)0
Avg Revenue beat(8)-2.59%
Revenue beat(12)3
Avg Revenue beat(12)-1.38%
Revenue beat(16)4
Avg Revenue beat(16)-1.24%
PT rev (1m)28.1%
PT rev (3m)31.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.43 | ||
| Fwd PE | 14.4 | ||
| P/S | 0.09 | ||
| P/FCF | 12.58 | ||
| P/OCF | 4.6 | ||
| P/B | 1.22 | ||
| P/tB | 2.03 | ||
| EV/EBITDA | 7.31 |
EPS(TTM)1.84
EY6.93%
EPS(NY)1.84
Fwd EY6.94%
FCF(TTM)2.11
FCFY7.95%
OCF(TTM)5.77
OCFY21.72%
SpS285.16
BVpS21.85
TBVpS13.06
PEG (NY)N/A
PEG (5Y)1.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.41% | ||
| ROE | -1.42% | ||
| ROCE | 6.1% | ||
| ROIC | 4.82% | ||
| ROICexc | 4.87% | ||
| ROICexgc | 5.77% | ||
| OM | 1.21% | ||
| PM (TTM) | N/A | ||
| GM | 16.1% | ||
| FCFM | 0.74% |
ROA(3y)1.23%
ROA(5y)2.04%
ROE(3y)3.72%
ROE(5y)6.09%
ROIC(3y)4.81%
ROIC(5y)5.11%
ROICexc(3y)4.87%
ROICexc(5y)5.17%
ROICexgc(3y)5.86%
ROICexgc(5y)6.29%
ROCE(3y)6.09%
ROCE(5y)6.47%
ROICexcg growth 3Y3.02%
ROICexcg growth 5Y8.87%
ROICexc growth 3Y4.32%
ROICexc growth 5Y10.44%
OM growth 3Y9.13%
OM growth 5Y10.43%
PM growth 3Y-84.35%
PM growth 5Y-45.65%
GM growth 3Y0.25%
GM growth 5Y1.68%
F-Score4
Asset Turnover3.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 10.88 | ||
| Debt/EBITDA | 3.36 | ||
| Cap/Depr | 112.97% | ||
| Cap/Sales | 1.28% | ||
| Interest Coverage | 2.61 | ||
| Cash Conversion | 86.2% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 4.54 |
F-Score4
WACC7.26%
ROIC/WACC0.66
Cap/Depr(3y)117.77%
Cap/Depr(5y)102.76%
Cap/Sales(3y)1.21%
Cap/Sales(5y)1.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.11%
EPS 3Y5.71%
EPS 5Y12.72%
EPS Q2Q%-33.96%
EPS Next Y-13.15%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
EPS Next 5Y-3.6%
Revenue 1Y (TTM)0.26%
Revenue growth 3Y2.26%
Revenue growth 5Y2.27%
Sales Q2Q%3.68%
Revenue Next Year4.18%
Revenue Next 2Y1.95%
Revenue Next 3Y1.64%
Revenue Next 5Y1.73%
EBIT growth 1Y-8.4%
EBIT growth 3Y11.59%
EBIT growth 5Y12.94%
EBIT Next Year103.89%
EBIT Next 3Y29.37%
EBIT Next 5Y22.45%
FCF growth 1Y930.44%
FCF growth 3Y-3.51%
FCF growth 5Y-6.92%
OCF growth 1Y99.84%
OCF growth 3Y8.5%
OCF growth 5Y2.72%