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SpartanNash

DB:SRJ
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SRJ
DB
$621M
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

SpartanNash Company distributes and retails grocery products. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • SpartanNash has significant price volatility in the past 3 months.
SRJ Share Price and Events
7 Day Returns
1.1%
DB:SRJ
-0.2%
Europe Consumer Retailing
2.5%
DE Market
1 Year Returns
0.9%
DB:SRJ
1.1%
Europe Consumer Retailing
-6.7%
DE Market
SRJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SpartanNash (SRJ) 1.1% 4.4% -19.5% 0.9% -41% -6.8%
Europe Consumer Retailing -0.2% 0% 4.1% 1.1% -5.3% -9%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • SRJ outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
SRJ
Industry
5yr Volatility vs Market
Related Companies

SRJ Value

 Is SpartanNash undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SpartanNash to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SpartanNash.

DB:SRJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SRJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 21%) (112.42%))
0.918
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.918 * 5.96%)
5.7%

Discounted Cash Flow Calculation for DB:SRJ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SpartanNash is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:SRJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.7%)
2019 68.20 Analyst x1 64.52
2020 99.40 Analyst x1 88.97
2021 101.10 Analyst x1 85.61
2022 102.37 Est @ 1.26% 82.01
2023 103.34 Est @ 0.95% 78.32
2024 104.10 Est @ 0.73% 74.63
2025 104.70 Est @ 0.58% 71.02
2026 105.20 Est @ 0.47% 67.51
2027 105.62 Est @ 0.4% 64.12
2028 105.99 Est @ 0.35% 60.87
Present value of next 10 years cash flows $737.57
DB:SRJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $105.99 × (1 + 0.23%) ÷ (5.7% – 0.23%)
$1,940.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,940.70 ÷ (1 + 5.7%)10
$1,114.64
DB:SRJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $737.57 + $1,114.64
$1,852.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,852.21 / 36.33
$50.98
DB:SRJ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SRJ represents 0.87744x of NasdaqGS:SPTN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87744x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 50.98 x 0.87744
€44.73
Value per share (EUR) From above. €44.73
Current discount Discount to share price of €14.93
= -1 x (€14.93 - €44.73) / €44.73
66.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SpartanNash is available for.
Intrinsic value
>50%
Share price is €14.93 vs Future cash flow value of €44.73
Current Discount Checks
For SpartanNash to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SpartanNash's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SpartanNash's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SpartanNash's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SpartanNash's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SRJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $0.94
NasdaqGS:SPTN Share Price ** NasdaqGS (2019-04-18) in USD $17.02
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.26x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SpartanNash.

DB:SRJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SPTN Share Price ÷ EPS (both in USD)

= 17.02 ÷ 0.94

18.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpartanNash is good value based on earnings compared to the Europe Consumer Retailing industry average.
  • SpartanNash is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SpartanNash's expected growth come at a high price?
Raw Data
DB:SRJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
14.5%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:SRJ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.14x ÷ 14.5%

1.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpartanNash is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SpartanNash's assets?
Raw Data
DB:SRJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $19.91
NasdaqGS:SPTN Share Price * NasdaqGS (2019-04-18) in USD $17.02
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.55x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:SRJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SPTN Share Price ÷ Book Value per Share (both in USD)

= 17.02 ÷ 19.91

0.85x

* Primary Listing of SpartanNash.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpartanNash is good value based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess SpartanNash's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. SpartanNash has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SRJ Future Performance

 How is SpartanNash expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SpartanNash expected to grow at an attractive rate?
  • SpartanNash's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SpartanNash's earnings growth is expected to exceed the Germany market average.
  • SpartanNash's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SRJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SRJ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 14.5%
DB:SRJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.8%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SRJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SRJ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9,212 152 76 1
2022-12-31 9,043 146 71 1
2021-12-31 8,924 145 69 3
2020-12-31 8,771 155 66 6
2019-12-31 8,517 147 49 6
2018-12-31 8,125 166 61 6
DB:SRJ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 8,065 171 33
2018-10-06 8,218 124 83
2018-07-14 8,199 118 -58
2018-04-21 8,159 123 -54
2017-12-30 7,964 53 -52
2017-10-07 7,906 147 -76
2017-07-15 7,838 138 65
2017-04-22 7,810 136 61
2016-12-31 7,561 156 56
2016-10-08 7,674 169 61
2016-07-16 7,650 152 59
2016-04-23 7,618 180 62
2016-01-02 7,652 223 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SpartanNash's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • SpartanNash's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SRJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from SpartanNash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SRJ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.36 2.36 2.36 1.00
2022-12-31 2.17 2.17 2.17 1.00
2021-12-31 1.99 2.00 1.97 2.00
2020-12-31 1.86 2.23 1.46 4.00
2019-12-31 1.37 1.42 1.30 3.00
2018-12-31 1.70 1.70 1.70 2.00
DB:SRJ Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 0.94
2018-10-06 2.34
2018-07-14 -1.60
2018-04-21 -1.49
2017-12-30 -1.41
2017-10-07 -2.05
2017-07-15 1.75
2017-04-22 1.66
2016-12-31 1.52
2016-10-08 1.64
2016-07-16 1.60
2016-04-23 1.67
2016-01-02 1.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SpartanNash is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SpartanNash's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SpartanNash has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SRJ Past Performance

  How has SpartanNash performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SpartanNash's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SpartanNash's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • SpartanNash has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • SpartanNash has become profitable in the last year making it difficult to compare the Europe Consumer Retailing industry average.
Earnings and Revenue History
SpartanNash's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SpartanNash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SRJ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 8,064.55 33.05 997.53
2018-10-06 8,217.54 83.44 1,005.95
2018-07-14 8,199.21 -57.56 1,005.72
2018-04-21 8,159.45 -54.31 1,000.94
2017-12-30 7,963.80 -51.71 1,014.55
2017-10-07 7,906.48 -75.53 1,006.17
2017-07-15 7,838.17 65.14 998.06
2017-04-22 7,809.53 61.05 990.05
2016-12-31 7,561.08 56.05 963.57
2016-10-08 7,674.44 61.12 963.26
2016-07-16 7,649.76 58.89 967.57
2016-04-23 7,618.06 61.59 969.58
2016-01-02 7,651.97 62.07 975.57
2015-10-10 7,846.54 57.04 1,002.88
2015-07-18 7,880.71 58.93 1,005.92
2015-04-25 7,895.02 56.08 1,009.29
2015-01-03 7,916.06 58.11 1,022.39
2014-10-04 7,354.95 24.80 972.15
2014-07-12 6,175.47 14.43 857.92
2014-04-19 5,016.42 4.98 744.00
2013-12-28 3,462.97 1.60 577.93
2013-09-14 2,644.57 26.31 488.77
2013-06-22 2,616.65 26.55 485.10
2013-03-30 2,608.16 27.13 482.99
2013-01-05 2,630.12 30.38 483.78
2012-09-15 2,637.49 31.90 486.35
2012-06-23 2,635.57 31.81 487.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SpartanNash has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SpartanNash used its assets less efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • SpartanNash's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SpartanNash's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SpartanNash has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SRJ Health

 How is SpartanNash's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SpartanNash's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SpartanNash is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SpartanNash's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SpartanNash's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SpartanNash Company Filings, last reported 3 months ago.

DB:SRJ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 715.95 698.06 18.59
2018-10-06 736.37 703.02 20.67
2018-07-14 724.47 710.66 15.91
2018-04-21 712.04 741.00 17.17
2017-12-30 721.95 749.95 15.67
2017-10-07 705.96 670.94 13.15
2017-07-15 849.07 660.26 22.73
2017-04-22 841.45 675.67 19.52
2016-12-31 825.41 431.10 24.35
2016-10-08 815.58 494.36 26.40
2016-07-16 803.87 492.51 23.82
2016-04-23 791.48 515.20 28.69
2016-01-02 790.78 486.80 22.72
2015-10-10 778.60 547.88 8.51
2015-07-18 765.81 537.68 13.09
2015-04-25 756.61 535.26 8.48
2015-01-03 747.25 570.27 6.44
2014-10-04 744.25 556.88 8.05
2014-07-12 732.83 583.66 6.42
2014-04-19 719.58 605.08 15.06
2013-12-28 706.87 605.66 9.22
2013-09-14 347.55 141.96 5.55
2013-06-22 338.48 151.97 4.16
2013-03-30 335.66 149.94 6.10
2013-01-05 329.34 170.95 8.96
2012-09-15 326.65 154.97 7.49
2012-06-23 317.57 160.73 6.09
  • SpartanNash's level of debt (97.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (85.7% vs 97.5% today).
  • Debt is well covered by operating cash flow (24.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess SpartanNash's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SpartanNash has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SRJ Dividends

 What is SpartanNash's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.47%
Current annual income from SpartanNash dividends. Estimated to be 5.28% next year.
If you bought €2,000 of SpartanNash shares you are expected to receive €89 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SpartanNash's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • SpartanNash's dividend is above the markets top 25% of dividend payers in Germany (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SRJ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SRJ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.11 1.00
2022-12-31 1.03 1.00
2021-12-31 0.90 2.00
2020-12-31 0.84 2.00
2019-12-31 0.78 2.00
2018-12-31 0.72 2.00
DB:SRJ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.760 4.546
2018-11-16 0.720 3.745
2018-08-24 0.720 3.731
2018-08-16 0.720 3.489
2018-08-15 0.720 3.357
2018-05-29 0.720 2.894
2018-03-01 0.720 4.010
2017-11-20 0.660 2.791
2017-08-30 0.660 2.689
2017-08-17 0.660 2.704
2017-08-16 0.660 2.606
2017-06-06 0.660 2.441
2017-05-25 0.660 2.190
2017-05-24 0.660 2.012
2017-03-06 0.660 1.891
2016-11-21 0.600 1.577
2016-08-26 0.600 1.999
2016-08-18 0.600 1.863
2016-08-17 0.600 1.957
2016-06-06 0.600 1.983
2016-05-26 0.600 2.066
2016-05-25 0.600 2.182
2016-03-07 0.600 2.124
2015-11-20 0.540 2.525
2015-08-28 0.540 2.013
2015-08-20 0.540 1.814
2015-08-19 0.540 1.658
2015-06-04 0.540 1.675
2015-05-28 0.540 1.702
2015-05-27 0.540 1.709
2015-03-02 0.540 1.770
2014-11-17 0.480 1.876
2014-08-21 0.480 2.272
2014-08-14 0.480 2.246
2014-08-13 0.480 2.224
2014-06-05 0.480 2.230
2014-05-23 0.480 2.072
2014-05-21 0.480 2.060
2014-03-03 0.480 2.159
2013-10-17 0.360 1.553
2013-07-30 0.360 1.681
2013-05-17 0.360 1.874
2013-02-28 0.320 1.854
2012-10-18 0.320 2.081
2012-08-15 0.320 2.069
2012-05-16 0.320 1.870
2012-02-29 0.260 1.453
2011-10-13 0.260 1.465
2011-08-12 0.260 1.696
2011-05-18 0.260 1.429
2011-02-16 0.200 1.317
2010-10-14 0.200 1.254
2010-10-13 0.200 1.267
2010-05-13 0.200 1.406
2010-02-18 0.200 1.360
2009-10-16 0.200 1.453
2009-08-13 0.200 1.440
2009-05-20 0.200 1.510
2009-04-20 0.200 1.330

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SpartanNash's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess SpartanNash's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SpartanNash afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SpartanNash has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SRJ Management

 What is the CEO of SpartanNash's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Staples
COMPENSATION $2,362,102
AGE 55
TENURE AS CEO 1.9 years
CEO Bio

Mr. David M. Staples, also known as Dave, has been Vice President and Treasurer of Nash Finch Co. since November 19, 2013. Mr. Staples has been President of SpartanNash Company (formerly, Spartan Stores Inc.) since August 2016 and also served as its Chief Operating Officer since March 1, 2015. He has been the Chief Executive Officer at SpartanNash Company since May 23, 2017. He serves as Vice President and Treasurer at U Save Foods, Inc. He served as an Executive Vice President of SpartanNash Company from November 2000 to August 2016. He served as Treasurer of Spartan Stores Inc. He served as an Interim Chief Financial Officer of SpartanNash Company from March 1, 2015 to April 11, 2016. He was the Chief Financial Officer of SpartanNash Company from January 2000 until March 01, 2015. He also served as Vice President of Finance at SpartanNash Company from January 2000 to November 2000 and its Principal Accounting Officer until November 19, 2013. He oversaw information technology, real estate and finance. He joined SpartanNash Company after four years at Kmart Corporation overseeing all corporate accounting and reporting functions, as well as working on various special projects in systems implementation, process improvement and divestitures. From December 1998 to January 2000, Mr. Staples served as Divisional Vice President for Strategic Planning and Reporting at Kmart Corporation, where he was responsible for Planning and Analysis, Budgeting, Reporting and Corporate Accounting. He served as Divisional Vice President Accounting Operations at Kmart Corporation from June 1997 to December 1998. He has been a Director of Topco Associates, LLC since April 2019. He has been a Director of SpartanNash Company since March 2, 2017. He is a Certified Public Accountant.

CEO Compensation
  • Dave's compensation has increased in line with SpartanNash recently becoming profitable.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SpartanNash management team in years:

1.8
Average Tenure
51.5
Average Age
  • The average tenure for the SpartanNash management team is less than 2 years, this suggests a new team.
Management Team

Dave Staples

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
55
TENURE
1.9 yrs

Mark Shamber

TITLE
Executive VP & CFO
COMPENSATION
$183K
AGE
49
TENURE
1.6 yrs

Kathy Mahoney

TITLE
President of MDV Military Division
COMPENSATION
$995K
AGE
63
TENURE
3.4 yrs

Larry Pierce

TITLE
Executive Vice President of Special Projects
COMPENSATION
$787K
AGE
63
TENURE
0.2 yrs

Tammy Hurley

TITLE
Chief Accounting Officer & VP of Finance
AGE
52
TENURE
2.7 yrs

Arif Dar

TITLE
Chief Information Officer & Senior VP
AGE
49
TENURE
0.3 yrs

Yvonne Trupiano

TITLE
Executive VP
AGE
39
TENURE
1.1 yrs

Bill Jacobs

TITLE
Vice President of Treasury & Corporate Development
TENURE
2.1 yrs

Lori Raya

TITLE
Executive VP & Chief Merchandising & Marketing Officer
AGE
51
TENURE
0.2 yrs

Bob Kirch

TITLE
Executive Vice President
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the SpartanNash board of directors in years:

5.4
Average Tenure
63.5
Average Age
  • The tenure for the SpartanNash board of directors is about average.
Board of Directors

Dennis Eidson

TITLE
Chairman
COMPENSATION
$4M
AGE
64
TENURE
2.8 yrs

Dave Staples

TITLE
CEO, President & Director
COMPENSATION
$2M
AGE
55
TENURE
2.1 yrs

Shan Atkins

TITLE
Independent Director
COMPENSATION
$200K
AGE
61
TENURE
15.7 yrs

Yvonne Jackson

TITLE
Independent Director
COMPENSATION
$217K
AGE
68
TENURE
8.5 yrs

William Voss

TITLE
Independent Director
COMPENSATION
$197K
AGE
64
TENURE
5.4 yrs

Doug Hacker

TITLE
Lead Independent Director
COMPENSATION
$212K
AGE
63
TENURE
0.9 yrs

Beth Nickels

TITLE
Independent Director
COMPENSATION
$192K
AGE
56
TENURE
18.7 yrs

Frank Gambino

TITLE
Independent Director
COMPENSATION
$192K
AGE
64
TENURE
15.7 yrs

Peet Proctor

TITLE
Director
COMPENSATION
$192K
AGE
71
TENURE
5.4 yrs

Matt Mannelly

TITLE
Independent Director
AGE
61
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • SpartanNash insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 19 Sell Elizabeth Nickels Individual 22. Mar 19 22. Mar 19 -3,215 €13.76 €-44,236
12. Mar 19 Sell Hawthorne Proctor Individual 08. Mar 19 08. Mar 19 -5,600 €15.74 €-88,157
06. Mar 19 Sell Yvonne Jackson Individual 05. Mar 19 05. Mar 19 -1,800 €16.22 €-29,200
28. Nov 18 Sell Douglas Hacker Individual 27. Nov 18 27. Nov 18 -2,499 €16.60 €-41,491
08. Jun 18 Sell William Voss Individual 06. Jun 18 06. Jun 18 -6,837 €22.15 €-151,411
05. Jun 18 Sell Dennis Eidson Individual 04. Jun 18 04. Jun 18 -1,725 €21.51 €-37,098
05. Jun 18 Sell Dennis Eidson Individual 04. Jun 18 04. Jun 18 -42,680 €22.59 €-964,301
04. Jun 18 Sell Kathleen Mahoney Individual 04. Jun 18 04. Jun 18 -10,000 €22.67 €-226,708
X
Management checks
We assess SpartanNash's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SpartanNash has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SRJ News

Simply Wall St News

SRJ Company Info

Description

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores. This segment also offers various value-added services to retailers. The Military segment sells and distributes grocery products to military commissaries and exchanges located in 50 states across the United States and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Bahrain, Djibouti, and Egypt. The Retail segment primarily operates neighborhood supermarkets. As of December 29, 2018, this segment operated 145 owned retail stores in the Midwest region primarily under the Family Fare Supermarkets, D&W Fresh Markets, VG’s Grocery, Dan’s Supermarket, and Family Fresh Market banners; and offered pharmacy services in 82 of its stores, as well as operated 29 fuel centers at its retail stores. SpartanNash Company also markets and distributes private brand items primarily under the Our Family, Open Acres, Top Care, Tippy Toes, Full Circle, Culinary Tours, PAWS Premium, Valu Time, Pure Harmony, Freedom’s Choice, and Home Base brands. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in November 2013. SpartanNash Company was founded in 1917 and is headquartered in Grand Rapids, Michigan.

Details
Name: SpartanNash Company
SRJ
Exchange: DB
Founded: 1917
$552,364,288
36,331,954
Website: http://www.spartannash.com
Address: SpartanNash Company
850 76th Street, SW,
PO Box 8700,
Grand Rapids,
Michigan, 49518,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SPTN Common Stock Nasdaq Global Select US USD 02. Aug 2000
DB SRJ Common Stock Deutsche Boerse AG DE EUR 02. Aug 2000
Number of employees
Current staff
Staff numbers
11,400
SpartanNash employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:09
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.