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 41 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. Finally SPTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SPTN was profitable.
SPTN had a positive operating cash flow in the past year.
SPTN had positive earnings in each of the past 5 years.
SPTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SPTN has a worse Return On Assets (-0.41%) than 63.41% of its industry peers.
SPTN's Return On Equity of -1.42% is on the low side compared to the rest of the industry. SPTN is outperformed by 63.41% of its industry peers.
SPTN has a Return On Invested Capital (4.82%) 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 7.97%.
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
SPTN's Profit Margin has declined in the last couple of years.
SPTN has a Operating Margin of 1.21%. This is in the lower half of the industry: SPTN underperforms 60.98% of its industry peers.
In the last couple of years the Operating Margin of SPTN has grown nicely.
SPTN's Gross Margin of 16.10% is on the low side compared to the rest of the industry. SPTN is outperformed by 80.49% of its industry peers.
In the last couple of years the Gross Margin of SPTN has grown nicely.
| 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
SPTN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
SPTN has an Altman-Z score of 4.54. This indicates that SPTN is financially healthy and has little risk of bankruptcy at the moment.
SPTN has a better Altman-Z score (4.54) than 65.85% of its industry peers.
The Debt to FCF ratio of SPTN is 10.88, which is on the high side as it means it would take SPTN, 10.88 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SPTN (10.88) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.03 is on the high side and indicates that SPTN has dependencies on debt financing.
The Debt to Equity ratio of SPTN (1.03) is worse than 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.03 | ||
| Debt/FCF | 10.88 | ||
| Altman-Z | 4.54 |
ROIC/WACC0.63
WACC7.61%
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.
With an excellent Current ratio value of 1.66, SPTN belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
SPTN has a Quick Ratio of 1.66. This is a bad value and indicates that SPTN is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SPTN (0.86) is better than 73.17% 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.
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 0.26%.
The Revenue has been growing slightly by 2.27% on average over the past years.
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
The Earnings Per Share is expected to decrease by -3.60% on average over the next years.
SPTN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.73% yearly.
EPS Next Y-13.15%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
EPS Next 5Y-3.6%
Revenue Next Year4.1%
Revenue Next 2Y1.92%
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
Based on the Price/Earnings ratio of 14.44, the valuation of SPTN can be described as correct.
Based on the Price/Earnings ratio, SPTN is valued a bit cheaper than 75.61% of the companies in the same industry.
SPTN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.65, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.41, SPTN is valued correctly.
85.37% of the companies in the same industry are more expensive than SPTN, based on the Price/Forward Earnings ratio.
SPTN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.27, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.44 | ||
| Fwd PE | 14.41 |
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.
85.37% 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 | 12.59 | ||
| EV/EBITDA | 7.31 |
4.3 Compensation for Growth
A cheap valuation may be justified as SPTN's earnings are expected to decrease with -5.71% in the coming years.
PEG (NY)N/A
PEG (5Y)1.14
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.90%, SPTN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.18, SPTN pays a better dividend. On top of this SPTN pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, SPTN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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
The earnings of SPTN are negative and hence is the payout ratio. SPTN will probably not be able to sustain this dividend level.
DP-283.82%
EPS Next 2Y-4.46%
EPS Next 3Y-5.71%
26.57
+8.93 (+50.62%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners88.78%
Inst Owner Change3.71%
Ins Owners1.41%
Ins Owner Change5.29%
Market Cap899.39M
Analysts50
Price Target21.42 (-19.38%)
Short Float %4.18%
Short Ratio4.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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)2.44%
PT rev (3m)2.44%
EPS NQ rev (1m)-4.39%
EPS NQ rev (3m)-4.39%
EPS NY rev (1m)-2.41%
EPS NY rev (3m)-8.63%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.13%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.44 | ||
| Fwd PE | 14.41 | ||
| P/S | 0.09 | ||
| P/FCF | 12.59 | ||
| P/OCF | 4.61 | ||
| P/B | 1.22 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 7.31 |
EPS(TTM)1.84
EY6.93%
EPS(NY)1.84
Fwd EY6.94%
FCF(TTM)2.11
FCFY7.94%
OCF(TTM)5.77
OCFY21.71%
SpS285.16
BVpS21.85
TBVpS13.06
PEG (NY)N/A
PEG (5Y)1.14
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
WACC7.61%
ROIC/WACC0.63
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 Year4.1%
Revenue Next 2Y1.92%
Revenue Next 3Y1.64%
Revenue Next 5Y1.73%
EBIT growth 1Y-8.4%
EBIT growth 3Y11.59%
EBIT growth 5Y12.94%
EBIT Next Year103.3%
EBIT Next 3Y29.52%
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%