NasdaqGS:SPTN

Stock Analysis Report

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Executive Summary

SpartanNash Company distributes and retails grocery products. More Details


Snowflake Analysis

6 star dividend payer and undervalued.


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

Stable Share Price: SPTN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SPTN's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

SPTN

0.8%

US Consumer Retailing

2.3%

US Market


1 Year Return

39.1%

SPTN

21.1%

US Consumer Retailing

23.8%

US Market

Return vs Industry: SPTN exceeded the US Consumer Retailing industry which returned 21.1% over the past year.

Return vs Market: SPTN exceeded the US Market which returned 23.7% over the past year.


Shareholder returns

SPTNIndustryMarket
7 Day0.6%0.8%2.3%
30 Day4.9%2.9%4.8%
90 Day-12.0%2.8%14.5%
1 Year45.7%39.1%23.8%21.1%26.6%23.8%
3 Year-17.1%-27.9%38.1%29.9%45.0%35.4%
5 Year5.8%-11.8%95.9%75.4%126.2%101.0%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPTN ($18.1) is trading below our estimate of fair value ($46.83)

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 (9.4x) compared to the US Consumer Retailing industry average (15.1x).

PE vs Market: SPTN is good value based on its PE Ratio (9.4x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: SPTN is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: SPTN is good value based on its PB Ratio (0.9x) compared to the US Consumer Retailing industry average (2.5x).


Next Steps

Future Growth

How is SpartanNash forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPTN's forecast earnings growth (5.5% per year) is above the savings rate (2%).

Earnings vs Market: SPTN's earnings (5.5% per year) are forecast to grow slower than the US market (21.6% per year).

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

Revenue vs Market: SPTN's revenue (0.1% per year) is forecast to grow slower than the US market (10.6% per year).

High Growth Revenue: SPTN's revenue (0.1% 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 (9%).


Next Steps

Past Performance

How has SpartanNash performed over the past 5 years?

-15.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPTN has a large one-off loss of $23.6M impacting its October 3 2020 financial results.

Growing Profit Margin: SPTN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SPTN's earnings have declined by 15% 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 (57.8%).


Return on Equity

High ROE: SPTN's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is SpartanNash's financial position?


Financial Position Analysis

Short Term Liabilities: SPTN's short term assets ($1.1B) exceed its short term liabilities ($694.6M).

Long Term Liabilities: SPTN's short term assets ($1.1B) exceed its long term liabilities ($903.5M).


Debt to Equity History and Analysis

Debt Level: SPTN's debt to equity ratio (75.5%) is considered high.

Reducing Debt: SPTN's debt to equity ratio has increased from 70.4% to 75.5% over the past 5 years.

Debt Coverage: SPTN's debt is well covered by operating cash flow (48.3%).

Interest Coverage: SPTN's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

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

4.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SPTN's dividend (4.25%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: SPTN's dividend (4.25%) is in the top 25% of dividend payers in the US market (3.85%)


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 (39.9%), 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 (36.9% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Tony Sarsam (58 yo)

0.33

Tenure

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...


Leadership Team

NamePositionTenureCompensationOwnership
Mark Shamber
Executive VP & CFO3.33yrsUS$953.37k0.15%
$ 993.9k
Kathleen Mahoney
Executive VP5.17yrsUS$982.12k0.21%
$ 1.4m
Yvonne Trupiano
Executive VP2.83yrsUS$713.42k0.11%
$ 683.9k
Lori Raya
Executive VP & Chief Merchandising & Marketing Officer1.92yrsUS$736.81k0.067%
$ 433.3k
Tony Sarsam
President0.33yrno data0.062%
$ 403.8k
Tammy Hurley
Chief Accounting Officer & VP of Finance4.42yrsno data0.068%
$ 442.1k
Arif Dar
Chief Information Officer & Senior VP2yrsno data0.047%
$ 303.4k
Bill Jacobs
Vice President of Treasury & Corporate Development3.83yrsno datano data
Tom Lee
Senior VP & Chief Supply Chain Officer3.67yrsno datano data
Thomas Swanson
Executive VP & GM of Corporate Retail2.25yrsno data0.063%
$ 407.7k
Joseph McQuesten
Senior Vice President of Center Store & Fresh Merchandising2.25yrsno datano data
David Sisk
Senior VP & President of MDV Military Division0.92yrno data0.011%
$ 74.0k

2.5yrs

Average Tenure

54yo

Average Age

Experienced Management: SPTN's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tony Sarsam
President0.33yrno data0.062%
$ 403.8k
Yvonne Jackson
Independent Director10.25yrsUS$233.95k0.084%
$ 543.1k
Margaret Atkins
Independent Director17.42yrsUS$241.45k0.10%
$ 653.6k
Douglas Hacker
Lead Independent Director2.67yrsUS$238.95k0.12%
$ 790.8k
Elizabeth Nickels
Independent Director20.42yrsUS$214.57k0.11%
$ 732.0k
William Voss
Independent Director7.17yrsUS$228.95k0.11%
$ 693.3k
Matthew Mannelly
Independent Director2.92yrsUS$208.32k0.052%
$ 338.3k
Dennis Eidson
Chairman4.58yrsUS$3.50m0.58%
$ 3.8m
Frank Gambino
Independent Director17.42yrsUS$208.95k0.12%
$ 758.0k
Hawthorne Proctor
Independent Director7.17yrsUS$208.95k0.081%
$ 525.7k

7.2yrs

Average Tenure

65.5yo

Average Age

Experienced Board: SPTN's board of directors are considered experienced (7.2 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 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$649.125m
  • Shares outstanding: 35.86m
  • Website: https://www.spartannash.com

Number of Employees


Location

  • SpartanNash Company
  • 850 76th Street, S.W.
  • 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 52,000 stock-keeping...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 23:03
End of Day Share Price2021/01/22 00:00
Earnings2020/10/03
Annual Earnings2019/12/28


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.