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IMKT

Ingles MarketsNasdaqGS:IMKT.A Stock Report

Market Cap

US$1.2b

7D

1.0%

1Y

79.5%

Updated

25 Sep, 2021

Data

Company Financials
IMKT.A fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends2/6

IMKT.A Overview

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.

Ingles Markets Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ingles Markets
Historical stock prices
Current Share PriceUS$65.49
52 Week HighUS$35.05
52 Week LowUS$70.79
Beta0.55
1 Month Change-0.52%
3 Month Change10.09%
1 Year Change79.47%
3 Year Change91.21%
5 Year Change65.63%
Change since IPO589.37%

Recent News & Updates

Sep 16
Shareholders Would Enjoy A Repeat Of Ingles Markets' (NASDAQ:IMKT.A) Recent Growth In Returns

Shareholders Would Enjoy A Repeat Of Ingles Markets' (NASDAQ:IMKT.A) Recent Growth In Returns

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...

Jul 01
Ingles Markets' (NASDAQ:IMKT.A) Dividend Will Be US$0.17

Ingles Markets' (NASDAQ:IMKT.A) Dividend Will Be US$0.17

The board of Ingles Markets, Incorporated ( NASDAQ:IMKT.A ) has announced that it will pay a dividend on the 15th of...

Jun 20
Here's Why Ingles Markets (NASDAQ:IMKT.A) Can Manage Its Debt Responsibly

Here's Why Ingles Markets (NASDAQ:IMKT.A) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

IMKT.AUS Consumer RetailingUS Market
7D1.0%-1.3%-0.5%
1Y79.5%16.2%37.5%

Return vs Industry: IMKT.A exceeded the US Consumer Retailing industry which returned 16.2% over the past year.

Return vs Market: IMKT.A exceeded the US Market which returned 37.5% over the past year.

Price Volatility

Is IMKT.A's price volatile compared to industry and market?
IMKT.A volatility
IMKT.A Beta0.55
Industry Beta0.61
Market Beta1

Stable Share Price: IMKT.A is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IMKT.A's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196318,765James Lanninghttps://www.ingles-markets.com

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, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. The company also provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as organic, beverage, and health-related items.

Ingles Markets Fundamentals Summary

How do Ingles Markets's earnings and revenue compare to its market cap?
IMKT.A fundamental statistics
Market CapUS$1.24b
Earnings (TTM)US$235.86m
Revenue (TTM)US$4.85b

5.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMKT.A income statement (TTM)
RevenueUS$4.85b
Cost of RevenueUS$3.56b
Gross ProfitUS$1.29b
ExpensesUS$1.05b
EarningsUS$235.86m

Last Reported Earnings

Jun 26, 2021

Next Earnings Date

n/a

Earnings per share (EPS)12.42
Gross Margin26.53%
Net Profit Margin4.86%
Debt/Equity Ratio98.6%

How did IMKT.A perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

6%

Payout Ratio

Valuation

Is Ingles Markets undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMKT.A ($65.49) is trading below our estimate of fair value ($300.86)

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 (5.3x) compared to the US Consumer Retailing industry average (20.1x).

PE vs Market: IMKT.A is good value based on its PE Ratio (5.3x) compared to the US market (17.9x).


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 (1.4x) compared to the US Consumer Retailing industry average (2.2x).


Future Growth

How is Ingles Markets forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.7%

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.


Past Performance

How has Ingles Markets performed over the past 5 years?

31.2%

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 (4.9%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: IMKT.A's earnings have grown significantly by 31.2% per year over the past 5 years.

Accelerating Growth: IMKT.A's earnings growth over the past year (67%) exceeds its 5-year average (31.2% per year).

Earnings vs Industry: IMKT.A earnings growth over the past year (67%) exceeded the Consumer Retailing industry 25%.


Return on Equity

High ROE: IMKT.A's Return on Equity (25.8%) is considered high.


Financial Health

How is Ingles Markets's financial position?


Financial Position Analysis

Short Term Liabilities: IMKT.A's short term assets ($800.4M) exceed its short term liabilities ($585.6M).

Long Term Liabilities: IMKT.A's short term assets ($800.4M) exceed its long term liabilities ($747.6M).


Debt to Equity History and Analysis

Debt Level: IMKT.A's debt to equity ratio (98.6%) is considered high.

Reducing Debt: IMKT.A's debt to equity ratio has reduced from 195.4% to 98.6% over the past 5 years.

Debt Coverage: IMKT.A's debt is well covered by operating cash flow (37.2%).

Interest Coverage: IMKT.A's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet


Dividend

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

1.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMKT.A's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: IMKT.A's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (3.59%).


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 (5.6%), 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.0yrs

Average board tenure


CEO

James Lanning (62 yo)

5.5yrs

Tenure

US$1,259,940

Compensation

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 ($USD1.26M) is below average for companies of similar size in the US market ($USD3.67M).

Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: IMKT.A's board of directors are seasoned and experienced ( 16 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ingles Markets, Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Ingles Markets, Incorporated
  • Ticker: IMKT.A
  • Exchange: NasdaqGS
  • Founded: 1963
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: US$1.244b
  • Shares outstanding: 18.99m
  • Website: https://www.ingles-markets.com

Number of Employees


Location

  • Ingles Markets, Incorporated
  • PO Box 6676
  • Asheville
  • North Carolina
  • 28816
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 02:12
End of Day Share Price2021/09/24 00:00
Earnings2021/06/26
Annual Earnings2020/09/26


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.