SPARTANNASH CO (SPTN)
US8472151005 - Common Stock
Overall SPTN gets a fundamental rating of 4 out of 10. We evaluated SPTN against 40 industry peers in the Consumer Staples Distribution & Retail industry. SPTN has an average financial health and profitability rating. SPTN has a valuation in line with the averages, but it does not seem to be growing. SPTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SPTN was profitable.
In the past year SPTN had a positive cash flow from operations.
In the past 5 years SPTN has always been profitable.
SPTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SPTN has a Return On Assets (2.20%) which is comparable to the rest of the industry.
With a Return On Equity value of 6.65%, SPTN perfoms like the industry average, outperforming 47.50% of the companies in the same industry.
SPTN has a Return On Invested Capital (5.21%) which is in line with its industry peers.
SPTN had an Average Return On Invested Capital over the past 3 years of 4.31%. This is significantly below the industry average of 10.29%.
The last Return On Invested Capital (5.21%) for SPTN is above the 3 year average (4.31%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 6.65% | ||
| ROIC | 5.21% |
ROA(3y)2.32%
ROA(5y)2.09%
ROE(3y)6.79%
ROE(5y)6.25%
ROIC(3y)4.31%
ROIC(5y)4.39%
1.3 Margins
SPTN has a worse Profit Margin (0.53%) than 60.00% of its industry peers.
SPTN's Profit Margin has improved in the last couple of years.
SPTN has a Operating Margin of 1.23%. This is in the lower half of the industry: SPTN underperforms 65.00% of its industry peers.
SPTN's Operating Margin has declined in the last couple of years.
SPTN has a worse Gross Margin (15.27%) than 77.50% of its industry peers.
In the last couple of years the Gross Margin of SPTN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.23% | ||
| PM (TTM) | 0.53% | ||
| GM | 15.27% |
OM growth 3Y-3.4%
OM growth 5Y-2.63%
PM growth 3Y-12.37%
PM growth 5Y5.55%
GM growth 3Y0.06%
GM growth 5Y2.09%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPTN is destroying value.
SPTN has less shares outstanding than it did 1 year ago.
SPTN has less shares outstanding than it did 5 years ago.
SPTN has a worse debt/assets ratio than last year.
2.2 Solvency
SPTN has an Altman-Z score of 4.97. This indicates that SPTN is financially healthy and has little risk of bankruptcy at the moment.
SPTN's Altman-Z score of 4.97 is fine compared to the rest of the industry. SPTN outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that SPTN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.76, SPTN is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.97 |
ROIC/WACC0.71
WACC7.32%
2.3 Liquidity
A Current Ratio of 1.63 indicates that SPTN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.63, SPTN is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
A Quick Ratio of 0.76 indicates that SPTN may have some problems paying its short term obligations.
The Quick ratio of SPTN (0.76) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
SPTN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.03%.
SPTN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.12% yearly.
Looking at the last year, SPTN shows a small growth in Revenue. The Revenue has grown by 0.89% in the last year.
Measured over the past years, SPTN shows a small growth in Revenue. The Revenue has been growing by 3.82% on average per year.
EPS 1Y (TTM)-6.03%
EPS 3Y-4.84%
EPS 5Y3.12%
EPS growth Q2Q25%
Revenue 1Y (TTM)0.89%
Revenue growth 3Y1.34%
Revenue growth 5Y3.82%
Revenue growth Q2Q-2.76%
3.2 Future
SPTN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.03% yearly.
Based on estimates for the next years, SPTN will show a small growth in Revenue. The Revenue will grow by 1.06% on average per year.
EPS Next Y-6.31%
EPS Next 2Y-1.98%
EPS Next 3Y-2.03%
EPS Next 5YN/A
Revenue Next Year-0.23%
Revenue Next 2Y0.82%
Revenue Next 3Y1.06%
Revenue Next 5YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SPTN is valuated reasonably with a Price/Earnings ratio of 9.59.
SPTN's Price/Earnings ratio is rather cheap when compared to the industry. SPTN is cheaper than 90.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.15, SPTN is valued rather cheaply.
SPTN is valuated reasonably with a Price/Forward Earnings ratio of 10.24.
Based on the Price/Forward Earnings ratio, SPTN is valued cheaper than 92.50% of the companies in the same industry.
SPTN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.20.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.59 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPTN indicates a somewhat cheap valuation: SPTN is cheaper than 77.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.98 |
4.3 Compensation for Growth
SPTN's earnings are expected to decrease with -2.03% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.08
EPS Next 2Y-1.98%
EPS Next 3Y-2.03%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.34%, SPTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.48, SPTN pays a better dividend. On top of this SPTN pays more dividend than 95.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SPTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
5.2 History
The dividend of SPTN is nicely growing with an annual growth rate of 9.50%!
SPTN has paid a dividend for at least 10 years, which is a reliable track record.
SPTN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.5%
Div Incr Years13
Div Non Decr Years17
5.3 Sustainability
SPTN pays out 57.34% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of SPTN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP57.34%
EPS Next 2Y-1.98%
EPS Next 3Y-2.03%
SPARTANNASH CO
NASDAQ:SPTN (5/17/2024, 7:00:03 PM)
After market: 20.91 0 (0%)20.91
-0.11 (-0.52%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap720.77M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.34% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.59 | ||
| Fwd PE | 10.24 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)3.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 6.65% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 1.23% | ||
| PM (TTM) | 0.53% | ||
| GM | 15.27% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover4.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.63 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-6.03%
EPS 3Y-4.84%
EPS 5Y
EPS growth Q2Q
EPS Next Y-6.31%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.89%
Revenue growth 3Y1.34%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y