Grocery Outlet Holding
Market Cap
US$3.4b
Last Updated
2021/03/07 23:27 UTC
Data Sources
Company Financials +
Executive Summary
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has Grocery Outlet Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GO's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
0.1%
GO
-0.6%
US Consumer Retailing
-0.4%
US Market
1 Year Return
7.9%
GO
9.2%
US Consumer Retailing
36.2%
US Market
Return vs Industry: GO underperformed the US Consumer Retailing industry which returned 9.2% over the past year.
Return vs Market: GO underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| GO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.1% | -0.6% | -0.4% |
| 30 Day | -11.3% | -7.9% | -2.9% |
| 90 Day | -4.6% | -8.3% | 5.0% |
| 1 Year | 7.9%7.9% | 11.7%9.2% | 39.1%36.2% |
| 3 Year | n/a | 45.2%36.9% | 48.4%39.0% |
| 5 Year | n/a | 75.2%57.2% | 116.5%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is Grocery Outlet Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Here's Why Grocery Outlet Holding (NASDAQ:GO) Can Manage Its Debt Responsibly3 weeks ago | Simply Wall St
Grocery Outlet Holding Corp.'s (NASDAQ:GO) Stock Is Going Strong: Is the Market Following Fundamentals?1 month ago | Simply Wall St
Should You Be Adding Grocery Outlet Holding (NASDAQ:GO) To Your Watchlist Today?Valuation
Is Grocery Outlet Holding undervalued compared to its fair value and its price relative to the market?
31x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GO ($36.03) is trading above our estimate of fair value ($27.02)
Significantly Below Fair Value: GO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GO is poor value based on its PE Ratio (31x) compared to the US Consumer Retailing industry average (15.6x).
PE vs Market: GO is poor value based on its PE Ratio (31x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: GO is poor value based on its PEG Ratio (10.6x)
Price to Book Ratio
PB vs Industry: GO is overvalued based on its PB Ratio (3.7x) compared to the US Consumer Retailing industry average (2.8x).
Next Steps
Future Growth
How is Grocery Outlet Holding forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
2.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GO's forecast earnings growth (2.9% per year) is above the savings rate (2%).
Earnings vs Market: GO's earnings (2.9% per year) are forecast to grow slower than the US market (19.2% per year).
High Growth Earnings: GO's earnings are forecast to grow, but not significantly.
Revenue vs Market: GO's revenue (8% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: GO's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GO's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Grocery Outlet Holding performed over the past 5 years?
58.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GO has high quality earnings.
Growing Profit Margin: GO's current net profit margins (3.4%) are higher than last year (0.6%).
Past Earnings Growth Analysis
Earnings Trend: GO's earnings have grown significantly by 58.3% per year over the past 5 years.
Accelerating Growth: GO's earnings growth over the past year (566.8%) exceeds its 5-year average (58.3% per year).
Earnings vs Industry: GO earnings growth over the past year (566.8%) exceeded the Consumer Retailing industry 65%.
Return on Equity
High ROE: GO's Return on Equity (11.6%) is considered low.
Next Steps
Financial Health
How is Grocery Outlet Holding's financial position?
Financial Position Analysis
Short Term Liabilities: GO's short term assets ($382.0M) exceed its short term liabilities ($232.6M).
Long Term Liabilities: GO's short term assets ($382.0M) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: GO's debt to equity ratio (48.7%) is considered high.
Reducing Debt: Insufficient data to determine if GO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GO's debt is well covered by operating cash flow (40.3%).
Interest Coverage: GO's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Grocery Outlet Holding current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Eric Lindberg (49 yo)
2.17yrs
Tenure
US$4,006,275
Compensation
Mr. Eric J. Lindberg Jr., has been Chief Executive Officer of Grocery Outlet Holding Corp., and Grocery Outlet Inc since January 1, 2019 and its Director since January 2006. Previously, from January 2006 t...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD4.01M) is about average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: Insufficient data to compare Eric's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.17yrs | US$4.01m | 2.97% $ 101.9m | |
| President | 2.17yrs | US$1.95m | 0.017% $ 569.7k | |
| Executive VP & CFO | 8.58yrs | US$1.86m | 0.047% $ 1.6m | |
| Executive VP | 0.58yr | US$1.25m | 0.12% $ 4.0m | |
| Senior VP & Chief Information Officer | 0.33yr | no data | no data | |
| Executive VP | 2.17yrs | no data | 0.0095% $ 326.0k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | 3.67yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 1yr | no data | no data | |
| Senior Vice President of New Markets | 5.75yrs | no data | no data | |
| Senior VP & Chief Purchasing Officer | 3.08yrs | US$942.03k | 0.12% $ 4.0m | |
| Senior VP & Chief Store Development Officer | 2.67yrs | no data | 0.0085% $ 290.3k |
2.2yrs
Average Tenure
54yo
Average Age
Experienced Management: GO's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.17yrs | US$4.01m | 2.97% $ 101.9m | |
| Independent Director | 6.42yrs | US$213.02k | 0.14% $ 4.8m | |
| Independent Chairman of the Board | 6.42yrs | no data | no data | |
| Independent Director | 1.33yrs | US$13.36k | no data | |
| Independent Director | 17.17yrs | US$226.99k | 0.071% $ 2.4m | |
| Independent Director | 10.33yrs | US$210.54k | 0.12% $ 4.3m | |
| Vice Chairman | 2.17yrs | US$3.83m | 2.42% $ 83.2m | |
| Director | 0.17yr | no data | no data | |
| Independent Director | 1.33yrs | US$13.70k | no data | |
| Independent Director | 10.17yrs | US$212.68k | 0.051% $ 1.8m | |
| Director | 0.17yr | no data | no data | |
| Director | 0.50yr | no data | no data |
4.3yrs
Average Tenure
60yo
Average Age
Experienced Board: GO's board of directors are considered experienced (4.3 years average tenure).
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 been diluted in the past year, with total shares outstanding growing by 7.2%.
Top Shareholders
Company Information
Grocery Outlet Holding Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Grocery Outlet Holding Corp.
- Ticker: GO
- Exchange: NasdaqGS
- Founded: 1946
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: US$3.432b
- Shares outstanding: 95.25m
- Website: https://www.groceryoutlet.com
Number of Employees
Location
- Grocery Outlet Holding Corp.
- 5650 Hollis Street
- EmeryVille
- California
- 94608
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GO | NasdaqGS (Nasdaq Global Select) | Yes | Voting Common Stock | US | USD | Jun 2019 |
Biography
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as dairy and deli, produce, and fresh meat and seafood...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 23:27 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2021/01/02 |
| Annual Earnings | 2021/01/02 |
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.