NasdaqGS:CASY

Stock Analysis Report

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

Fundamentals

Mediocre balance sheet with questionable track record.


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: CASY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

CASY

-1.1%

US Consumer Retailing

-0.2%

US Market


1 Year Return

36.9%

CASY

18.8%

US Consumer Retailing

16.1%

US Market

Return vs Industry: CASY exceeded the US Consumer Retailing industry which returned 18.8% over the past year.

Return vs Market: CASY exceeded the US Market which returned 16.1% over the past year.


Shareholder returns

CASYIndustryMarket
7 Day0.5%-1.1%-0.2%
30 Day4.8%1.4%3.7%
90 Day1.5%9.4%8.5%
1 Year38.0%36.9%21.1%18.8%18.7%16.1%
3 Year43.5%39.6%52.9%43.0%46.9%37.4%
5 Year114.9%105.8%56.6%39.5%61.8%44.0%

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

Valuation

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

28.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CASY ($171.74) is trading above our estimate of fair value ($166.55)

Significantly Below Fair Value: CASY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CASY is poor value based on its PE Ratio (28.8x) compared to the Consumer Retailing industry average (21.8x).

PE vs Market: CASY is poor value based on its PE Ratio (28.8x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: CASY is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: CASY is overvalued based on its PB Ratio (4.2x) compared to the US Consumer Retailing industry average (2.3x).


Next Steps

Future Growth

How is Casey's General Stores forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CASY's forecast earnings growth (6.4% per year) is above the savings rate (2.7%).

Earnings vs Market: CASY's earnings (6.4% per year) are forecast to grow slower than the US market (14.3% per year).

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

Revenue vs Market: CASY's revenue (6.6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CASY's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CASY's Return on Equity is forecast to be low in 3 years time (14.7%).


Next Steps

Past Performance

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

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CASY has high quality earnings.

Growing Profit Margin: CASY's current net profit margins (2.6%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: CASY's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: CASY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CASY had negative earnings growth (-33.8%) over the past year, making it difficult to compare to the Consumer Retailing industry average (-20.1%).


Return on Equity

High ROE: CASY's Return on Equity (14.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: CASY's short term assets ($438.1M) do not cover its short term liabilities ($575.0M)

Long Term Liabilities: CASY's short term assets ($438.1M) do not cover its long term liabilities (1.8B)


Debt to Equity History and Analysis

Debt Level: CASY's debt to equity ratio (91%) is considered high.

Reducing Debt: CASY's debt to equity ratio has reduced from 112.2% to 91% over the past 5 years.

Debt Coverage: CASY's debt is well covered by operating cash flow (41.3%).

Interest Coverage: CASY's interest payments on its debt are well covered by EBIT (6.2x coverage).


Balance Sheet

Inventory Level: CASY has a high level of physical assets or inventory.

Debt Coverage by Assets: CASY's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

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

0.75%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years0.8%

Current dividend yield vs market & industry

Notable Dividend: CASY's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CASY's dividend (0.75%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

Stable Dividend: CASY is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CASY is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CASY is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CASY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Darren Rebelez (53yo)

0.4yrs

Tenure

0

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 ...


Management Age and Tenure

3.3yrs

Average Tenure

50yo

Average Age

Experienced Management: CASY's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

1.7yrs

Average Tenure

59yo

Average Age

Experienced Board: CASY's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: CASY insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$91,91425 Sep 19
Allison Wing
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares554
Max PriceUS$165.91
SellUS$356,24725 Jun 19
David Lenhardt
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,300
Max PriceUS$154.89
SellUS$463,65025 Jun 19
H. Horak
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares3,000
Max PriceUS$154.55

Ownership Breakdown

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


Management Team

  • Bill Walljasper (55yo)

    Senior VP & CFO

    • Tenure: 15.3yrs
    • Compensation: US$1.91m
  • Brian Johnson (43yo)

    Senior Vice President of Store Development

    • Tenure: 3.3yrs
    • Compensation: US$775.65k
  • Darren Rebelez (53yo)

    President

    • Tenure: 0.4yrs
  • Julie Jackowski (53yo)

    Senior VP

    • Tenure: 9.4yrs
    • Compensation: US$1.77m
  • Chad Frazell (46yo)

    Chief Human Resources Officer

    • Tenure: 0yrs
  • Jay Soupene (50yo)

    Senior Vice President of Operations

    • Tenure: 3.3yrs
    • Compensation: US$1.41m
  • James Pistillo

    VP of Accounting & Treasurer

    • Tenure: 0yrs
  • Chris Jones (50yo)

    Senior VP & Chief Marketing Officer

    • Tenure: 1.6yrs
  • Tom Brennan

    Chief Merchandising Officer

    • Tenure: 0.08yrs

Board Members

  • Larree Renda (60yo)

    Independent Director

    • Tenure: 5.2yrs
    • Compensation: US$230.38k
  • David Lenhardt (49yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$246.36k
  • H. Horak (73yo)

    Independent Chairman of the Board

    • Tenure: 1.7yrs
    • Compensation: US$348.06k
  • Ali Wing (53yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$237.59k
  • Don Frieson (60yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$247.09k
  • Diane Bridgewater (56yo)

    Independent Director

    • Tenure: 12.7yrs
    • Compensation: US$219.62k
  • Judy Schmeling (59yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$255.85k
  • Darren Rebelez (53yo)

    President

    • Tenure: 0.4yrs
  • Cara Heiden (62yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$243.00k

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: CASY
  • Exchange: NasdaqGS
  • Founded: 1959
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: US$6.338b
  • Shares outstanding: 36.78m
  • 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 freshl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 23:34
End of Day Share Price2019/11/21 00:00
Earnings2019/07/31
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.