UNITED NATURAL FOODS INC (UNFI) Stock Fundamental Analysis
NYSE:UNFI - New York Stock Exchange, Inc. - US9111631035 - Common Stock - Currency: USD
UNFI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 40 industry peers in the Consumer Staples Distribution & Retail industry. UNFI has a bad profitability rating. Also its financial health evaluation is rather negative. UNFI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
UNFI had positive earnings in the past year.
In the past year UNFI had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: UNFI reported negative net income in multiple years.
UNFI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of UNFI (-0.89%) is worse than 67.50% of its industry peers.
UNFI has a Return On Equity of -4.18%. This is in the lower half of the industry: UNFI underperforms 67.50% of its industry peers.
UNFI has a Return On Invested Capital of 3.26%. This is in the lower half of the industry: UNFI underperforms 65.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for UNFI is below the industry average of 8.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.89% | ||
| ROE | -4.18% | ||
| ROIC | 3.26% |
ROA(3y)0.7%
ROA(5y)0.09%
ROE(3y)2.8%
ROE(5y)-1.14%
ROIC(3y)3.42%
ROIC(5y)4.16%
1.3 Margins
UNFI has a worse Operating Margin (0.66%) than 72.50% of its industry peers.
In the last couple of years the Operating Margin of UNFI has declined.
The Gross Margin of UNFI (13.36%) is worse than 82.50% of its industry peers.
UNFI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.66% | ||
| PM (TTM) | N/A | ||
| GM | 13.36% |
OM growth 3Y-27.27%
OM growth 5Y-14.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.47%
GM growth 5Y-1.21%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UNFI is destroying value.
Compared to 1 year ago, UNFI has more shares outstanding
UNFI has more shares outstanding than it did 5 years ago.
UNFI has a worse debt/assets ratio than last year.
2.2 Solvency
UNFI has an Altman-Z score of 4.85. This indicates that UNFI is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.85, UNFI is doing good in the industry, outperforming 70.00% of the companies in the same industry.
The Debt to FCF ratio of UNFI is 8.84, which is on the high side as it means it would take UNFI, 8.84 years of fcf income to pay off all of its debts.
UNFI has a Debt to FCF ratio (8.84) which is in line with its industry peers.
UNFI has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.21, UNFI is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 8.84 | ||
| Altman-Z | 4.85 |
ROIC/WACC0.39
WACC8.33%
2.3 Liquidity
A Current Ratio of 1.41 indicates that UNFI should not have too much problems paying its short term obligations.
UNFI has a better Current ratio (1.41) than 77.50% of its industry peers.
A Quick Ratio of 0.51 indicates that UNFI may have some problems paying its short term obligations.
UNFI has a Quick ratio (0.51) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 791.67% over the past year.
UNFI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -41.71% yearly.
The Revenue has been growing slightly by 6.62% in the past year.
UNFI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.76% yearly.
EPS 1Y (TTM)791.67%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%340%
Revenue 1Y (TTM)6.62%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%7.48%
3.2 Future
UNFI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 58.43% yearly.
UNFI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.98% yearly.
EPS Next Y422.95%
EPS Next 2Y203.39%
EPS Next 3Y129.82%
EPS Next 5Y58.43%
Revenue Next Year3.24%
Revenue Next 2Y1.64%
Revenue Next 3Y1.58%
Revenue Next 5Y0.98%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 33.33, which means the current valuation is very expensive for UNFI.
60.00% of the companies in the same industry are cheaper than UNFI, based on the Price/Earnings ratio.
UNFI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.91.
Based on the Price/Forward Earnings ratio of 21.47, the valuation of UNFI can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UNFI is on the same level as its industry peers.
UNFI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.33 | ||
| Fwd PE | 21.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UNFI is valued a bit cheaper than 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of UNFI indicates a rather cheap valuation: UNFI is cheaper than 90.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.48 | ||
| EV/EBITDA | 6.59 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
UNFI's earnings are expected to grow with 129.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y203.39%
EPS Next 3Y129.82%
5. Dividend
5.1 Amount
No dividends for UNFI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
27.66
-0.77 (-2.71%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners92.29%
Inst Owner Change-0.34%
Ins Owners1.8%
Ins Owner Change-1.06%
Market Cap1.68B
Analysts53.75
Price Target27.1 (-2.02%)
Short Float %8.4%
Short Ratio3.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)59.08%
Min EPS beat(2)16.24%
Max EPS beat(2)101.92%
EPS beat(4)4
Avg EPS beat(4)299.94%
Min EPS beat(4)16.24%
Max EPS beat(4)971.46%
EPS beat(8)8
Avg EPS beat(8)260.35%
EPS beat(12)8
Avg EPS beat(12)167.33%
EPS beat(16)11
Avg EPS beat(16)133.05%
Revenue beat(2)2
Avg Revenue beat(2)1.02%
Min Revenue beat(2)0.53%
Max Revenue beat(2)1.51%
Revenue beat(4)4
Avg Revenue beat(4)1.02%
Min Revenue beat(4)0.53%
Max Revenue beat(4)1.51%
Revenue beat(8)4
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-1.18%
Revenue beat(16)7
Avg Revenue beat(16)-0.92%
PT rev (1m)1.22%
PT rev (3m)-11.43%
EPS NQ rev (1m)-177.68%
EPS NQ rev (3m)-177.68%
EPS NY rev (1m)-4.18%
EPS NY rev (3m)-12.56%
Revenue NQ rev (1m)-1.49%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.33 | ||
| Fwd PE | 21.47 | ||
| P/S | 0.05 | ||
| P/FCF | 7.48 | ||
| P/OCF | 3.29 | ||
| P/B | 1.03 | ||
| P/tB | 1.65 | ||
| EV/EBITDA | 6.59 |
EPS(TTM)0.83
EY3%
EPS(NY)1.29
Fwd EY4.66%
FCF(TTM)3.7
FCFY13.37%
OCF(TTM)8.4
OCFY30.38%
SpS532.33
BVpS26.83
TBVpS16.72
PEG (NY)0.08
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.89% | ||
| ROE | -4.18% | ||
| ROCE | 4.13% | ||
| ROIC | 3.26% | ||
| ROICexc | 3.29% | ||
| ROICexgc | 3.74% | ||
| OM | 0.66% | ||
| PM (TTM) | N/A | ||
| GM | 13.36% | ||
| FCFM | 0.69% |
ROA(3y)0.7%
ROA(5y)0.09%
ROE(3y)2.8%
ROE(5y)-1.14%
ROIC(3y)3.42%
ROIC(5y)4.16%
ROICexc(3y)3.45%
ROICexc(5y)4.19%
ROICexgc(3y)4.06%
ROICexgc(5y)5.05%
ROCE(3y)4.33%
ROCE(5y)5.27%
ROICexcg growth 3Y-25.98%
ROICexcg growth 5Y-13.26%
ROICexc growth 3Y-24.44%
ROICexc growth 5Y-9.28%
OM growth 3Y-27.27%
OM growth 5Y-14.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.47%
GM growth 5Y-1.21%
F-Score5
Asset Turnover4.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 8.84 | ||
| Debt/EBITDA | 3.6 | ||
| Cap/Depr | 85.59% | ||
| Cap/Sales | 0.88% | ||
| Interest Coverage | 1.33 | ||
| Cash Conversion | 93.05% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 4.85 |
F-Score5
WACC8.33%
ROIC/WACC0.39
Cap/Depr(3y)100.82%
Cap/Depr(5y)94.51%
Cap/Sales(3y)1.02%
Cap/Sales(5y)0.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)791.67%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%340%
EPS Next Y422.95%
EPS Next 2Y203.39%
EPS Next 3Y129.82%
EPS Next 5Y58.43%
Revenue 1Y (TTM)6.62%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%7.48%
Revenue Next Year3.24%
Revenue Next 2Y1.64%
Revenue Next 3Y1.58%
Revenue Next 5Y0.98%
EBIT growth 1Y245.16%
EBIT growth 3Y-23.81%
EBIT growth 5Y-8.91%
EBIT Next Year282.94%
EBIT Next 3Y64.66%
EBIT Next 5Y36.13%
FCF growth 1Y-50.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-33.38%
OCF growth 3Y-25.59%
OCF growth 5Y-2.32%