DB:CS2

Stock Analysis Report

Casey's General Stores

Executive Summary

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey’s General Store names.


Snowflake Analysis

Solid track record average dividend payer.


Similar Companies

Share Price & News

How has Casey's General Stores's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CS2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

19.1%

CS2

1.6%

DE Consumer Retailing

9.1%

DE Market


1 Year Return

12.1%

CS2

-5.9%

DE Consumer Retailing

-13.1%

DE Market

Return vs Industry: CS2 exceeded the German Consumer Retailing industry which returned -6.6% over the past year.

Return vs Market: CS2 exceeded the German Market which returned -14.3% over the past year.


Shareholder returns

CS2IndustryMarket
7 Day19.1%1.6%9.1%
30 Day-11.5%4.7%-1.0%
90 Day-11.5%-5.9%-20.7%
1 Year13.1%12.1%-2.9%-5.9%-10.6%-13.1%
3 Year29.2%25.8%1.7%-8.1%-10.7%-18.1%
5 Year67.2%60.1%-2.9%-17.4%-10.7%-22.8%

Price Volatility Vs. Market

How volatile is Casey's General Stores's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Casey's General Stores undervalued compared to its fair value and its price relative to the market?

17.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CS2 (€131) is trading below our estimate of fair value (€157.97)

Significantly Below Fair Value: CS2 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CS2 is poor value based on its PE Ratio (23.3x) compared to the Consumer Retailing industry average (18x).

PE vs Market: CS2 is poor value based on its PE Ratio (23.3x) compared to the German market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: CS2 is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: CS2 is overvalued based on its PB Ratio (3.3x) compared to the XE Consumer Retailing industry average (1.3x).


Next Steps

Future Growth

How is Casey's General Stores forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CS2's forecast earnings growth (9.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: CS2's earnings (9.6% per year) are forecast to grow slower than the German market (14.2% per year).

High Growth Earnings: CS2's earnings are forecast to grow, but not significantly.

Revenue vs Market: CS2's revenue (6% per year) is forecast to grow faster than the German market (3.9% per year).

High Growth Revenue: CS2's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CS2's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has Casey's General Stores performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CS2 has high quality earnings.

Growing Profit Margin: CS2's current net profit margins (2.7%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: CS2's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: CS2's earnings growth over the past year (14.7%) exceeds its 5-year average (6.2% per year).

Earnings vs Industry: CS2 earnings growth over the past year (14.7%) exceeded the Consumer Retailing industry 2.3%.


Return on Equity

High ROE: CS2's Return on Equity (14.3%) is considered low.


Next Steps

Financial Health

How is Casey's General Stores's financial position?


Financial Position Analysis

Short Term Liabilities: CS2's short term assets ($389.6M) do not cover its short term liabilities ($1.1B).

Long Term Liabilities: CS2's short term assets ($389.6M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: CS2's debt to equity ratio (85.1%) is considered high.

Reducing Debt: CS2's debt to equity ratio has reduced from 101.8% to 85.1% over the past 5 years.

Debt Coverage: CS2's debt is well covered by operating cash flow (40.9%).

Interest Coverage: CS2's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Casey's General Stores's current dividend yield, its reliability and sustainability?

0.89%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CS2's dividend (0.89%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.57%).

High Dividend: CS2's dividend (0.89%) is low compared to the top 25% of dividend payers in the German market (4.68%).


Stability and Growth of Payments

Stable Dividend: CS2's dividends per share have been stable in the past 10 years.

Growing Dividend: CS2's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.3%), CS2's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CS2's dividends in 3 years are forecast to be well covered by earnings (19.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Darren Rebelez (53yo)

0.83

Tenure

Mr. Darren M. Rebelez has been the Chief Executive Officer and President at Casey's General Stores, Inc. since June 24, 2019 and its Director since June 24, 2019. Mr. Rebelez served as the President of Int ...


Leadership Team

NamePositionTenureCompensationOwnership
William Walljasper
Senior VP & CFO15.67yrsUS$1.91m0.061% $3.0m
John Soupene
Senior Vice President of Operations3.75yrsUS$1.41m0.015% $750.8k
Julia Jackowski
Senior VP9.83yrsUS$1.77m0.055% $2.7m
Darren Rebelez
President0.83yrno datano data
James Pistillo
VP of Accounting & Treasurerno datano datano data
Chris Jones
Senior VP & Chief Marketing Officer2yrsno datano data
Chad Frazell
Chief Human Resources Officer0.42yrno datano data
Brian Johnson
Senior Vice President of Store Development3.75yrsUS$775.65k0.036% $1.7m
Thomas Brennan
Senior VP & Chief Merchandising Officer0.50yrno datano data

2.9yrs

Average Tenure

50yo

Average Age

Experienced Management: CS2's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Darren Rebelez
President0.83yrno datano data
Larree Renda
Independent Director5.58yrsUS$230.38k0.028% $1.4m
David Lenhardt
Independent Director2.08yrsUS$246.36k0.0042% $204.7k
H. Horak
Independent Chairman of the Board2.08yrsUS$348.06k0.038% $1.8m
Allison Wing
Independent Director2.08yrsUS$237.59k0.0027% $131.4k
Donald Frieson
Independent Director2.08yrsUS$247.09k0.0042% $204.7k
Diane Bridgewater
Independent Director13.08yrsUS$219.62k0.041% $2.0m
Judy Schmeling
Independent Director2.08yrsUS$255.85k0.0040% $195.9k
Cara Heiden
Independent Director2.75yrsUS$243.00k0.016% $796.4k

2.1yrs

Average Tenure

59yo

Average Age

Experienced Board: CS2's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Casey's General Stores, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Casey's General Stores, Inc.
  • Ticker: CS2
  • Exchange: DB
  • Founded: 1959
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: US$5.274b
  • Listing Market Cap: US$4.850b
  • Shares outstanding: 36.79m
  • Website: https://www.caseys.com

Number of Employees


Location

  • Casey's General Stores, Inc.
  • One SE Convenience Boulevard
  • Ankeny
  • Iowa
  • 50021
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CASYNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDOct 1983
CS2DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1983

Biography

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey’s General Store names. The company’s stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items. Its stores also provide fuel for sale on a self-service basis. In addition, the company operates two stores under the Tobacco City name primarily selling tobacco and nicotine products; two liquor stores; and one grocery store. As of April 30, 2019, it operated approximately 2,146 convenience stores in 16 states in the Midwest. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 00:45
End of Day Share Price2020/04/09 00:00
Earnings2020/01/31
Annual Earnings2019/04/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.