Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.
Ingles Markets Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$63.99|
|52 Week High||US$34.92|
|52 Week Low||US$70.79|
|1 Month Change||-2.20%|
|3 Month Change||5.30%|
|1 Year Change||80.76%|
|3 Year Change||89.88%|
|5 Year Change||66.64%|
|Change since IPO||573.58%|
Recent News & Updates
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...
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...
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...
|IMKT.A||US Consumer Retailing||US Market|
Return vs Industry: IMKT.A exceeded the US Consumer Retailing industry which returned 15.5% over the past year.
Return vs Market: IMKT.A exceeded the US Market which returned 33% over the past year.
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
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.
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 ($63.99) is trading below our estimate of fair value ($299.86)
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 (5.2x) compared to the US Consumer Retailing industry average (20.4x).
PE vs Market: IMKT.A is good value based on its PE Ratio (5.2x) compared to the US market (17.5x).
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 (1.3x) compared to the US Consumer Retailing industry average (2.3x).
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.
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 (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.
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 ($747.6M).
Debt to Equity History and Analysis
Debt Level: IMKT.A's debt to equity ratio (98.6%) is considered high.
Reducing Debt: IMKT.A's debt to equity ratio has reduced from 195.4% to 98.6% over the past 5 years.
Debt Coverage: IMKT.A's debt is well covered by operating cash flow (37.2%).
Interest Coverage: IMKT.A's interest payments on its debt are well covered by EBIT (13.1x coverage).
What is Ingles Markets's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMKT.A's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: IMKT.A's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: IMKT.A's dividends per share have been stable in the past 10 years.
Growing Dividend: IMKT.A's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (5.6%), IMKT.A's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
James Lanning (62 yo)
Mr. James W. Lanning has been the Chief Executive Officer of Ingles Markets, Incorporated since March 25, 2016 and has been its President since March 2003. Mr. Lanning served as Chief Operating Officer of...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD1.26M) is below average for companies of similar size in the US market ($USD3.70M).
Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.
Experienced Board: IMKT.A's board of directors are seasoned and experienced ( 16 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 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$1.215b
- Shares outstanding: 18.99m
- Website: https://www.ingles-markets.com
Number of Employees
- Ingles Markets, Incorporated
- PO Box 6676
- North Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 00:11|
|End of Day Share Price||2021/09/21 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.