GO Stock Overview
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States.
Grocery Outlet Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$43.36|
|52 Week High||US$43.55|
|52 Week Low||US$21.01|
|1 Month Change||12.62%|
|3 Month Change||30.76%|
|1 Year Change||24.60%|
|3 Year Change||31.00%|
|5 Year Change||n/a|
|Change since IPO||52.09%|
Recent News & Updates
Estimating The Fair Value Of Grocery Outlet Holding Corp. (NASDAQ:GO)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Grocery Outlet Holding...
Grocery Outlet: Look For A Bargain
The current inflationary environment is favorable for Grocery Outlet’s value retail approach. Grocery Outlet’s supply model and flexibility allows for pricing advantages even in times of rising costs. Grocery Outlet’s growth strategy includes several lucrative potential areas of focus. I see Grocery Outlet as a hold, and I consider prices at or under $36.63 as potential buying points.
Capital Allocation Trends At Grocery Outlet Holding (NASDAQ:GO) Aren't Ideal
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
|GO||US Consumer Retailing||US Market|
Return vs Industry: GO exceeded the US Consumer Retailing industry which returned 0.7% over the past year.
Return vs Market: GO exceeded the US Market which returned -18.4% over the past year.
|GO Average Weekly Movement||6.8%|
|Consumer Retailing Industry Average Movement||6.8%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: GO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GO's weekly volatility (7%) has been stable over the past year.
About the Company
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of May 10, 2022, it had approximately 420 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey.
Grocery Outlet Holding Fundamentals Summary
|GO fundamental statistics|
Is GO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GO income statement (TTM)|
|Cost of Revenue||US$2.19b|
Last Reported Earnings
Apr 02, 2022
Next Earnings Date
|Earnings per share (EPS)||0.57|
|Net Profit Margin||1.74%|
How did GO perform over the long term?See historical performance and comparison
Is GO undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GO?
Other financial metrics that can be useful for relative valuation.
|What is GO's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GO's PE Ratio compare to its peers?
|GO PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SFM Sprouts Farmers Market
CASY Casey's General Stores
WMK Weis Markets
IMKT.A Ingles Markets
GO Grocery Outlet Holding
Price-To-Earnings vs Peers: GO is expensive based on its Price-To-Earnings Ratio (76x) compared to the peer average (14x).
Price to Earnings Ratio vs Industry
How does GO's PE Ratio compare vs other companies in the US Consumer Retailing Industry?
Price-To-Earnings vs Industry: GO is expensive based on its Price-To-Earnings Ratio (76x) compared to the US Consumer Retailing industry average (19.3x)
Price to Earnings Ratio vs Fair Ratio
What is GO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||76x|
|Fair PE Ratio||24x|
Price-To-Earnings vs Fair Ratio: GO is expensive based on its Price-To-Earnings Ratio (76x) compared to the estimated Fair Price-To-Earnings Ratio (24x).
Share Price vs Fair Value
What is the Fair Price of GO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GO ($43.36) is trading above our estimate of fair value ($40.91)
Significantly Below Fair Value: GO is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: GO is poor value based on its PEG Ratio (3.5x)
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How is Grocery Outlet Holding forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GO's forecast earnings growth (21.4% per year) is above the savings rate (1.9%).
Earnings vs Market: GO's earnings (21.4% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: GO's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GO's revenue (10.1% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: GO's revenue (10.1% 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 (8.8%).
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How has Grocery Outlet Holding performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GO has high quality earnings.
Growing Profit Margin: GO's current net profit margins (1.7%) are lower than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: GO's earnings have grown significantly by 45.9% per year over the past 5 years.
Accelerating Growth: GO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GO had negative earnings growth (-51.3%) over the past year, making it difficult to compare to the Consumer Retailing industry average (17.1%).
Return on Equity
High ROE: GO's Return on Equity (5.4%) is considered low.
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How is Grocery Outlet Holding's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GO's short term assets ($461.1M) exceed its short term liabilities ($242.2M).
Long Term Liabilities: GO's short term assets ($461.1M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: GO's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if GO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GO's debt is well covered by operating cash flow (38.8%).
Interest Coverage: GO's interest payments on its debt are well covered by EBIT (5.5x coverage).
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What is Grocery Outlet Holding current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GO's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as GO has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Lindberg (50 yo)
Mr. Eric J. Lindberg Jr., has been Chief Executive Officer of Grocery Outlet Holding Corp., and Grocery Outlet Inc since January 1, 2019 and its Director since January 2006. Previously, from January 2006 t...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD4.01M) is below average for companies of similar size in the US market ($USD6.87M).
Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.
Experienced Management: GO's management team is considered experienced (3.4 years average tenure).
Experienced Board: GO's board of directors are considered experienced (7.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grocery Outlet Holding Corp.'s employee growth, exchange listings and data sources
- Name: Grocery Outlet Holding Corp.
- Ticker: GO
- Exchange: NasdaqGS
- Founded: 1946
- Industry: Food Retail
- Sector: Consumer Retailing
- Implied Market Cap: US$4.178b
- Shares outstanding: 96.37m
- Website: https://www.groceryoutlet.com
Number of Employees
- Grocery Outlet Holding Corp.
- 5650 Hollis Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
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.