NasdaqGS:SPTN

Stock Analysis Report

Executive Summary

SpartanNash Company distributes and retails grocery products.

Snowflake

Fundamentals

Established dividend payer and fair value.


Similar Companies

Share Price & News

How has SpartanNash's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

SPTN

-0.0006%

US Consumer Retailing

0.4%

US Market


1 Year Return

-34.0%

SPTN

14.4%

US Consumer Retailing

6.9%

US Market

Return vs Industry: SPTN underperformed the US Consumer Retailing industry which returned 14.4% over the past year.

Return vs Market: SPTN underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

SPTNIndustryMarket
7 Day-1.0%-0.0006%0.4%
30 Day2.3%1.6%-1.1%
90 Day7.2%5.5%-0.5%
1 Year-30.3%-34.0%16.6%14.4%9.3%6.9%
3 Year-50.3%-55.3%56.5%46.5%45.8%36.4%
5 Year-30.2%-39.7%69.0%50.7%62.9%45.1%

Price Volatility Vs. Market

How volatile is SpartanNash's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

43.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SPTN ($12.27) is trading below our estimate of fair value ($21.68)

Significantly Undervalued: SPTN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SPTN is poor value based on its PE Ratio (122.8x) compared to the Consumer Retailing industry average (20x).

PE vs Market: SPTN is poor value based on its PE Ratio (122.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: SPTN is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: SPTN is good value based on its PB Ratio (0.6x) compared to the US Consumer Retailing industry average (2.1x).


Next Steps

Future Growth

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

29.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPTN's forecast earnings growth (29% per year) is above the savings rate (2.7%).

Earnings vs Market: SPTN's earnings (29% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SPTN's revenue (1.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: SPTN's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SPTN's Return on Equity is forecast to be low in 3 years time (8%).


Next Steps

Past Performance

How has SpartanNash performed over the past 5 years?

-22.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SPTN's earnings have declined by -22.1% per year over the past 5 years.

Accelerating Growth: SPTN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SPTN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (-14.2%).


Return on Equity

High ROE: SPTN's Return on Equity (0.6%) is considered low.


Return on Assets

ROA vs Industry: SPTN's Return on Assets is below or equal to the Consumer Retailing industry average last year.


Return on Capital Employed

ROCE Improving: SPTN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is SpartanNash's financial position?


Financial Position Analysis

Short Term Liabilities: SPTN's short term assets ($998.5M) exceeds its short term liabilities ($567.8M)

Long Term Liabilities: SPTN's short term assets (998.5M) do not cover its long term liabilities (1.0B)


Debt to Equity History and Analysis

Debt Level: SPTN's debt to equity ratio (96.5%) is considered high

Reducing Debt: SPTN's debt to equity ratio has increased from 79.5% to 96.5% over the past 5 years.

Debt Coverage: SPTN's debt is well covered by operating cash flow (25.7%).

Interest Coverage: SPTN's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet

Inventory Level: SPTN has a high level of physical assets or inventory.

Debt Coverage by Assets: SPTN's debt is covered by short term assets (assets are 1.504210x debt).


Next Steps

Dividend

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

6.19%

Current Dividend Yield


Dividend Yield vs Market

company6.2%marketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years7.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SPTN's dividend (6.19%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: SPTN's dividend (6.19%) is in the top 25% of dividend payers in the US market (3.73%)

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 high payout ratio (740.5%), SPTN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SPTN's dividends in 3 years are forecast to be covered by earnings (66.3% payout ratio).


Next Steps

Management

What is the CEO of SpartanNash's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Dennis Eidson (65yo)

11yrs

Tenure

US$281,312

Compensation

Mr. Dennis Eidson has been the President of Spartan Stores Inc. since October 22, 2007 and has been the Chief Executive Officer since October 15, 2008. He serves as an Interim President and CEO of SpartanN ...


CEO Compensation Analysis

Compensation vs. Market: Dennis's total compensation ($USD281.31K) is about average for companies of similar size in the US market ($USD1.79M).

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


Management Age and Tenure

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SPTN's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

65yo

Average Age

Experienced Board: SPTN's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$49,96125 Mar 19
Elizabeth Nickels
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,215
Max PriceUS$15.54
SellUS$99,12012 Mar 19
Hawthorne Proctor
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,600
Max PriceUS$17.70
SellUS$32,99406 Mar 19
Yvonne Jackson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,800
Max PriceUS$18.33
SellUS$46,85628 Nov 18
Douglas Hacker
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares2,499
Max PriceUS$18.75

Ownership Breakdown


Management Team

  • Dennis Eidson (65yo)

    Chairman

    • Tenure: 11yrs
    • Compensation: US$281.31k
  • Mark Shamber (50yo)

    Executive VP & CFO

    • Tenure: 2.1yrs
    • Compensation: US$904.26k
  • Kathy Mahoney (64yo)

    President of MDV Military Division

    • Tenure: 3.9yrs
    • Compensation: US$1.04m
  • Larry Pierce (64yo)

    Executive Vice President of Special Projects

    • Tenure: 0.7yrs
    • Compensation: US$694.39k
  • Lori Raya (52yo)

    Executive VP & Chief Merchandising & Marketing Officer

    • Tenure: 0.7yrs
  • Tammy Hurley (53yo)

    Chief Accounting Officer & VP of Finance

    • Tenure: 3.2yrs
  • Yvonne Trupiano (40yo)

    Executive VP

    • Tenure: 1.6yrs
    • Compensation: US$655.57k
  • Bill Jacobs

    Vice President of Treasury & Corporate Development

    • Tenure: 2.6yrs
  • Tom Lee

    Senior VP & Chief Supply Chain Officer

    • Tenure: 2.4yrs
  • Arif Dar (50yo)

    Chief Information Officer & Senior VP

    • Tenure: 0.8yrs

Board Members

  • Yvonne Jackson (69yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$218.70k
  • Margaret Atkins (62yo)

    Independent Director

    • Tenure: 16.2yrs
    • Compensation: US$211.20k
  • Doug Hacker (64yo)

    Lead Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$218.70k
  • Beth Nickels (57yo)

    Independent Director

    • Tenure: 19.2yrs
    • Compensation: US$199.33k
  • William Voss (65yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$206.20k
  • Matt Mannelly (62yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$173.72k
  • Dennis Eidson (65yo)

    Chairman

    • Tenure: 11yrs
    • Compensation: US$281.31k
  • Frank Gambino (65yo)

    Independent Director

    • Tenure: 16.2yrs
    • Compensation: US$193.70k
  • Peet Proctor (72yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$193.70k

Company Information

SpartanNash Company's company bio, 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$445.824m
  • Shares outstanding: 36.33m
  • Website: https://www.spartannash.com

Number of Employees


Location

  • SpartanNash Company
  • 850 76th Street, SW
  • PO Box 8700
  • Grand Rapids
  • Michigan
  • 49518
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPTNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2000
SRJDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2000

Biography

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:41
End of Day Share Price2019/10/18 00:00
Earnings2019/07/13
Annual Earnings2018/12/29


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.