Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.
Undervalued with solid track record.
Share Price & News
How has Ingles Markets's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMKT.A has not had significant price volatility in the past 3 months.
7 Day Return
US Consumer Retailing
1 Year Return
US Consumer Retailing
Return vs Industry: IMKT.A exceeded the US Consumer Retailing industry which returned 13.9% over the past year.
Return vs Market: IMKT.A exceeded the US Market which returned 15.4% over the past year.
Price Volatility Vs. Market
How volatile is Ingles Markets's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes Ingles Markets' (NASDAQ:IMKT.A) Share Price Gain of 40% Match Its Business Performance?
3 weeks ago | Simply Wall StShareholders Are Loving Ingles Markets, Incorporated's (NASDAQ:IMKT.A) 1.6% Yield
1 month ago | Simply Wall StShould You Buy Ingles Markets, Incorporated (NASDAQ:IMKT.A) For Its Upcoming Dividend?
Is Ingles Markets undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IMKT.A ($40.64) is trading below our estimate of fair value ($444.73)
Significantly Below Fair Value: IMKT.A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IMKT.A is good value based on its PE Ratio (8x) compared to the US Consumer Retailing industry average (22.1x).
PE vs Market: IMKT.A is good value based on its PE Ratio (8x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IMKT.A's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IMKT.A is good value based on its PB Ratio (1.2x) compared to the US Consumer Retailing industry average (1.7x).
How is Ingles Markets forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Retailing industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ingles Markets has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Ingles Markets is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Consumer Retailing industry.
How has Ingles Markets performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMKT.A has high quality earnings.
Growing Profit Margin: IMKT.A's current net profit margins (2.3%) are higher than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: IMKT.A's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: IMKT.A's earnings growth over the past year (28%) exceeds its 5-year average (11.3% per year).
Earnings vs Industry: IMKT.A earnings growth over the past year (28%) exceeded the Consumer Retailing industry 20.1%.
Return on Equity
High ROE: IMKT.A's Return on Equity (14.5%) is considered low.
How is Ingles Markets's financial position?
Financial Position Analysis
Short Term Liabilities: IMKT.A's short term assets ($556.0M) exceed its short term liabilities ($294.9M).
Long Term Liabilities: IMKT.A's short term assets ($556.0M) do not cover its long term liabilities ($963.5M).
Debt to Equity History and Analysis
Debt Level: IMKT.A's debt to equity ratio (119.3%) is considered high.
Reducing Debt: IMKT.A's debt to equity ratio has reduced from 228.8% to 119.3% over the past 5 years.
Debt Coverage: IMKT.A's debt is well covered by operating cash flow (33.1%).
Interest Coverage: IMKT.A's interest payments on its debt are well covered by EBIT (4x coverage).
What is Ingles Markets's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMKT.A's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: IMKT.A's dividend (1.62%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Stability and Growth of Payments
Stable Dividend: IMKT.A's dividends per share have been stable in the past 10 years.
Growing Dividend: IMKT.A's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.1%), IMKT.A's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
James Lanning (61 yo)
Mr. James W. Lanning has been the Chief Executive Officer of Ingles Markets, Incorporated since March 25, 2016 and has been its President since March 2003. Mr. Lanning served as Chief Operating Officer of ...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD1.24M) is below average for companies of similar size in the US market ($USD3.09M).
Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.
|CEO, President||4.42yrs||US$1.24m||0.049% |
|CFO, VP of Finance & Director||15.25yrs||US$484.53k||0.014% |
|Independent Director||5.67yrs||US$30.01k||0.0015% |
|Chairman of the Board||16.25yrs||US$1.12m||26.99% |
|Independent Director||14.5yrs||US$35.00k||0.0023% |
|Independent Director||5.67yrs||US$30.01k||0.0012% |
Experienced Board: IMKT.A's board of directors are seasoned and experienced ( 14.9 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ingles Markets, Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Ingles Markets, Incorporated
- Ticker: IMKT.A
- Exchange: NasdaqGS
- Founded: 1963
- Industry: Food Retail
- Sector: Consumer Retailing
- Market Cap: US$823.357m
- Shares outstanding: 20.26m
- Website: https://www.ingles-markets.com
Number of Employees
- Ingles Markets, Incorporated
- PO Box 6676
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IMKT.A||NasdaqGS (Nasdaq Global Select)||Yes||Class A Common Stock||US||USD||Sep 1987|
Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/07 00:58|
|End of Day Share Price||2020/08/06 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.