SPARTANNASH CO (SPTN) Stock Fundamental Analysis
NASDAQ:SPTN - US8472151005 - Common Stock
26.8 USD
-0.01 (-0.04%)
26.8 USD
0 (0%)
Overall SPTN gets a fundamental rating of 4 out of 10. We evaluated SPTN against 41 industry peers in the Consumer Staples Distribution & Retail industry. The financial health of SPTN is average, but there are quite some concerns on its profitability. SPTN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SPTN had positive earnings in the past year.
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
The Return On Assets of SPTN (-0.62%) is worse than 70.73% of its industry peers.
Looking at the Return On Equity, with a value of -2.13%, SPTN is doing worse than 68.29% of the companies in the same industry.
SPTN has a Return On Invested Capital (4.64%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for SPTN is below the industry average of 8.38%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -2.13% | ||
| ROIC | 4.64% |
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.
Looking at the Operating Margin, with a value of 1.13%, SPTN is doing worse than 60.98% of the companies in the same industry.
SPTN's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 16.33%, SPTN is doing worse than 75.61% of the companies in the same industry.
In the last couple of years the Gross Margin of SPTN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.13% | ||
| PM (TTM) | N/A | ||
| GM | 16.33% |
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
SPTN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, SPTN has less shares outstanding
The number of shares outstanding for SPTN has been reduced compared to 5 years ago.
The debt/assets ratio for SPTN is higher compared to a year ago.
2.2 Solvency
SPTN has an Altman-Z score of 4.57. This indicates that SPTN is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of SPTN (4.57) is better than 63.41% of its industry peers.
The Debt to FCF ratio of SPTN is 10.44, which is on the high side as it means it would take SPTN, 10.44 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.44, SPTN is doing worse than 60.98% of the companies in the same industry.
SPTN has a Debt/Equity ratio of 0.96. This is a neutral value indicating SPTN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.96, SPTN is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.96 | ||
| Debt/FCF | 10.44 | ||
| Altman-Z | 4.57 |
ROIC/WACC0.62
WACC7.42%
2.3 Liquidity
SPTN has a Current Ratio of 1.57. 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 better Current ratio (1.57) than 75.61% of its industry peers.
A Quick Ratio of 0.80 indicates that SPTN may have some problems paying its short term obligations.
With a decent Quick ratio value of 0.80, SPTN is doing good in the industry, outperforming 68.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
The earnings per share for SPTN have decreased strongly by -10.95% in the last year.
The Earnings Per Share has been growing by 12.72% on average over the past years. This is quite good.
SPTN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.54%.
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)-10.95%
EPS 3Y5.71%
EPS 5Y12.72%
EPS Q2Q%-8.47%
Revenue 1Y (TTM)1.54%
Revenue growth 3Y2.26%
Revenue growth 5Y2.27%
Sales Q2Q%1.81%
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
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 14.97, which indicates a correct valuation of SPTN.
Based on the Price/Earnings ratio, SPTN is valued a bit cheaper than the industry average as 70.73% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.13. SPTN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.54, which indicates a correct valuation of SPTN.
78.05% of the companies in the same industry are more expensive than SPTN, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, SPTN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.97 | ||
| Fwd PE | 14.54 |
4.2 Price Multiples
SPTN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPTN is cheaper than 70.73% of the companies in the same industry.
80.49% 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 | 12.99 | ||
| EV/EBITDA | 7.21 |
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)1.18
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
5. Dividend
5.1 Amount
SPTN has a Yearly Dividend Yield of 3.28%. Purely for dividend investing, there may be better candidates out there.
SPTN's Dividend Yield is rather good when compared to the industry average which is at 1.94. SPTN pays more dividend than 97.56% of the companies in the same industry.
SPTN's Dividend Yield is a higher than the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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-190.15%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
26.8
-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 Change4.86%
Ins Owners1.41%
Ins Owner Change5.51%
Market Cap907.45M
Analysts50
Price Target27.44 (2.39%)
Short Float %8.7%
Short Ratio2.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
Yearly Dividend0.88
Dividend Growth(5Y)5.56%
DP-190.15%
Div Incr Years14
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.72%
Min EPS beat(2)-20.94%
Max EPS beat(2)7.49%
EPS beat(4)2
Avg EPS beat(4)4.36%
Min EPS beat(4)-20.94%
Max EPS beat(4)32.83%
EPS beat(8)4
Avg EPS beat(8)0.07%
EPS beat(12)5
Avg EPS beat(12)-0.54%
EPS beat(16)8
Avg EPS beat(16)0.82%
Revenue beat(2)0
Avg Revenue beat(2)-1.52%
Min Revenue beat(2)-2.48%
Max Revenue beat(2)-0.56%
Revenue beat(4)0
Avg Revenue beat(4)-1.47%
Min Revenue beat(4)-2.48%
Max Revenue beat(4)-0.56%
Revenue beat(8)0
Avg Revenue beat(8)-2.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.95%
Revenue beat(16)4
Avg Revenue beat(16)-1.35%
PT rev (1m)0%
PT rev (3m)31.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.6%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.41%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.97 | ||
| Fwd PE | 14.54 | ||
| P/S | 0.09 | ||
| P/FCF | 12.99 | ||
| P/OCF | 4.87 | ||
| P/B | 1.22 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 7.21 |
EPS(TTM)1.79
EY6.68%
EPS(NY)1.84
Fwd EY6.88%
FCF(TTM)2.06
FCFY7.7%
OCF(TTM)5.5
OCFY20.53%
SpS286.27
BVpS21.91
TBVpS13.15
PEG (NY)N/A
PEG (5Y)1.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.62% | ||
| ROE | -2.13% | ||
| ROCE | 5.87% | ||
| ROIC | 4.64% | ||
| ROICexc | 4.7% | ||
| ROICexgc | 5.61% | ||
| OM | 1.13% | ||
| PM (TTM) | N/A | ||
| GM | 16.33% | ||
| FCFM | 0.72% |
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-Score3
Asset Turnover3.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.96 | ||
| Debt/FCF | 10.44 | ||
| Debt/EBITDA | 3.19 | ||
| Cap/Depr | 102.06% | ||
| Cap/Sales | 1.2% | ||
| Interest Coverage | 2.35 | ||
| Cash Conversion | 83.36% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.57 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 4.57 |
F-Score3
WACC7.42%
ROIC/WACC0.62
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)-10.95%
EPS 3Y5.71%
EPS 5Y12.72%
EPS Q2Q%-8.47%
EPS Next Y-13.15%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
EPS Next 5Y-3.6%
Revenue 1Y (TTM)1.54%
Revenue growth 3Y2.26%
Revenue growth 5Y2.27%
Sales Q2Q%1.81%
Revenue Next Year4.18%
Revenue Next 2Y1.95%
Revenue Next 3Y1.64%
Revenue Next 5Y1.73%
EBIT growth 1Y-15.11%
EBIT growth 3Y11.59%
EBIT growth 5Y12.94%
EBIT Next Year103.89%
EBIT Next 3Y29.37%
EBIT Next 5Y22.45%
FCF growth 1Y250.97%
FCF growth 3Y-3.51%
FCF growth 5Y-6.92%
OCF growth 1Y41.6%
OCF growth 3Y8.5%
OCF growth 5Y2.72%