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SPTN

SpartanNashNasdaqGS:SPTN Stock Report

Market Cap

US$736.0m

7D

0.2%

1Y

26.0%

Updated

23 Sep, 2021

Data

Company Financials +
SPTN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health5/6
Dividends6/6

SPTN Overview

SpartanNash Company distributes and retails grocery products.

SpartanNash Competitors

Sysco

NYSE:SYY

US$39.8b

Andersons

NasdaqGS:ANDE

US$941.9m

Walmart

NYSE:WMT

US$397.9b

Target

NYSE:TGT

US$118.0b

Price History & Performance

Summary of all time highs, changes and price drops for SpartanNash
Historical stock prices
Current Share PriceUS$20.71
52 Week HighUS$15.75
52 Week LowUS$23.45
Beta0.83
1 Month Change-2.27%
3 Month Change5.99%
1 Year Change25.97%
3 Year Change3.24%
5 Year Change-27.61%
Change since IPO85.12%

Recent News & Updates

Sep 02
SpartanNash's (NASDAQ:SPTN) Dividend Will Be US$0.20

SpartanNash's (NASDAQ:SPTN) Dividend Will Be US$0.20

The board of SpartanNash Company ( NASDAQ:SPTN ) has announced that it will pay a dividend on the 30th of September...

Aug 22
Does SpartanNash (NASDAQ:SPTN) Have A Healthy Balance Sheet?

Does SpartanNash (NASDAQ:SPTN) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

SPTNUS Consumer RetailingUS Market
7D0.2%-1.3%-0.5%
1Y26.0%16.2%37.5%

Return vs Industry: SPTN exceeded the US Consumer Retailing industry which returned 16.4% over the past year.

Return vs Market: SPTN underperformed the US Market which returned 36.2% over the past year.

Price Volatility

Is SPTN's price volatile compared to industry and market?
SPTN volatility
SPTN Beta0.83
Industry Beta0.61
Market Beta1

Stable Share Price: SPTN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SPTN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191714,400Tony Sarsamhttps://www.spartannash.com

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 68,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

SpartanNash Fundamentals Summary

How do SpartanNash's earnings and revenue compare to its market cap?
SPTN fundamental statistics
Market CapUS$736.02m
Earnings (TTM)US$68.38m
Revenue (TTM)US$9.07b

10.9x

P/E Ratio

0.08x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPTN income statement (TTM)
RevenueUS$9.07b
Cost of RevenueUS$7.66b
Gross ProfitUS$1.41b
ExpensesUS$1.35b
EarningsUS$68.38m

Last Reported Earnings

Jul 17, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.91
Gross Margin15.59%
Net Profit Margin0.75%
Debt/Equity Ratio59.7%

How did SPTN perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is SpartanNash 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: SPTN ($20.71) is trading below our estimate of fair value ($63.84)

Significantly Below Fair Value: SPTN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SPTN is good value based on its PE Ratio (10.9x) compared to the US Consumer Retailing industry average (20.4x).

PE vs Market: SPTN is good value based on its PE Ratio (10.9x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: SPTN is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: SPTN is good value based on its PB Ratio (1x) compared to the US Consumer Retailing industry average (2.2x).


Future Growth

How is SpartanNash forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

5.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPTN's forecast earnings growth (5.6% per year) is above the savings rate (2%).

Earnings vs Market: SPTN's earnings (5.6% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: SPTN's earnings are forecast to grow, but not significantly.

Revenue vs Market: SPTN's revenue (1.7% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SPTN's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPTN's Return on Equity is forecast to be low in 3 years time (8.9%).


Past Performance

How has SpartanNash performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPTN has high quality earnings.

Growing Profit Margin: SPTN's current net profit margins (0.8%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: SPTN's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: SPTN's earnings growth over the past year (35.5%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: SPTN earnings growth over the past year (35.5%) exceeded the Consumer Retailing industry 25%.


Return on Equity

High ROE: SPTN's Return on Equity (9%) is considered low.


Financial Health

How is SpartanNash's financial position?


Financial Position Analysis

Short Term Liabilities: SPTN's short term assets ($992.9M) exceed its short term liabilities ($648.5M).

Long Term Liabilities: SPTN's short term assets ($992.9M) exceed its long term liabilities ($804.4M).


Debt to Equity History and Analysis

Debt Level: SPTN's debt to equity ratio (59.7%) is considered high.

Reducing Debt: SPTN's debt to equity ratio has reduced from 61.3% to 59.7% over the past 5 years.

Debt Coverage: SPTN's debt is well covered by operating cash flow (40.3%).

Interest Coverage: SPTN's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


Dividend

What is SpartanNash current dividend yield, its reliability and sustainability?

3.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SPTN's dividend (3.86%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: SPTN's dividend (3.86%) is in the top 25% of dividend payers in the US market (3.63%)


Stability and Growth of Payments

Stable Dividend: SPTN's dividends per share have been stable in the past 10 years.

Growing Dividend: SPTN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41%), SPTN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SPTN's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Tony Sarsam (59 yo)

1

Tenure

US$1,891,219

Compensation

Mr. Tony B. Sarsam has been President, Chief Executive Officer and Director at SpartanNash Company since September 21, 2020. Mr. Sarsam was the Chief Executive Officer of Ready Pac Produce, Inc. from Octob...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD1.89M) is about average for companies of similar size in the US market ($USD2.35M).

Compensation vs Earnings: Insufficient data to compare Tony's compensation with company performance.


Leadership Team

Experienced Management: SPTN's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: SPTN's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SPTN insiders have only sold shares 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

SpartanNash Company's employee growth, exchange listings and data sources


Key Information

  • Name: SpartanNash Company
  • Ticker: SPTN
  • Exchange: NasdaqGS
  • Founded: 1917
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Market Cap: US$736.015m
  • Shares outstanding: 35.94m
  • Website: https://www.spartannash.com

Number of Employees


Location

  • SpartanNash Company
  • 850 76th Street, S.W.
  • PO Box 8700
  • Grand Rapids
  • Michigan
  • 49518-8700
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 22:55
End of Day Share Price2021/09/23 00:00
Earnings2021/07/17
Annual Earnings2021/01/02


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.