NasdaqGS:SPTN

Stock Analysis Report

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Executive Summary

SpartanNash Company distributes and retails grocery products.


Snowflake Analysis

Average 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

Stable Share Price: SPTN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.6%

SPTN

2.2%

US Consumer Retailing

2.5%

US Market


1 Year Return

118.6%

SPTN

15.1%

US Consumer Retailing

16.3%

US Market

Return vs Industry: SPTN exceeded the US Consumer Retailing industry which returned 15.1% over the past year.

Return vs Market: SPTN exceeded the US Market which returned 16.3% over the past year.


Shareholder returns

SPTNIndustryMarket
7 Day3.6%2.2%2.5%
30 Day6.0%3.6%5.3%
90 Day17.1%7.0%16.3%
1 Year130.9%118.6%16.9%15.1%18.8%16.3%
3 Year-5.3%-17.0%53.8%45.3%45.0%35.7%
5 Year-22.9%-35.1%63.3%46.9%75.8%56.8%

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 ($21.79) is trading below our estimate of fair value ($46.91)

Significantly Below Fair Value: 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 (57.3x) compared to the US Consumer Retailing industry average (22.8x).

PE vs Market: SPTN is poor value based on its PE Ratio (57.3x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: SPTN is poor value based on its PEG Ratio (5.7x)


Price to Book Ratio

PB vs Industry: SPTN is good value based on its PB Ratio (1.1x) compared to the US Consumer Retailing industry average (1.8x).


Next Steps

Future Growth

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

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPTN's forecast earnings growth (10.1% per year) is above the savings rate (2.2%).

Earnings vs Market: SPTN's earnings (10.1% per year) are forecast to grow slower than the US market (23.1% per year).

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

Revenue vs Market: SPTN's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: SPTN's revenue is forecast to decline over the next 3 years (-0.5% 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 (9.9%).


Next Steps

Past Performance

How has SpartanNash performed over the past 5 years?

-30.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPTN has a large one-off loss of $34.7M impacting its April 18 2020 financial results.

Growing Profit Margin: SPTN's current net profit margins (0.2%) are lower than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: SPTN's earnings have declined by 30.3% per year over the past 5 years.

Accelerating Growth: SPTN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SPTN had negative earnings growth (-52%) over the past year, making it difficult to compare to the Consumer Retailing industry average (20.8%).


Return on Equity

High ROE: SPTN's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is SpartanNash's financial position?


Financial Position Analysis

Short Term Liabilities: SPTN's short term assets ($1.0B) exceed its short term liabilities ($679.4M).

Long Term Liabilities: SPTN's short term assets ($1.0B) exceed its long term liabilities ($949.1M).


Debt to Equity History and Analysis

Debt Level: SPTN's debt to equity ratio (87.1%) is considered high.

Reducing Debt: SPTN's debt to equity ratio has increased from 71% to 87.1% over the past 5 years.

Debt Coverage: SPTN's debt is well covered by operating cash flow (49.5%).

Interest Coverage: SPTN's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet


Next Steps

Dividend

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

3.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SPTN's dividend (3.53%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: SPTN's dividend (3.53%) is low compared to the top 25% of dividend payers in the US market (4.36%).


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 high payout ratio (200.5%), 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 well covered by earnings (49% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Dennis Eidson (66 yo)

11.83yrs

Tenure

US$3,501,950

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 ($USD3.50M) is about average for companies of similar size in the US market ($USD3.04M).

Compensation vs Earnings: Dennis's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dennis Eidson
Chairman11.83yrsUS$3.50m0.50%
$ 3.9m
Mark Shamber
Executive VP & CFO2.92yrsUS$953.37k0.15%
$ 1.2m
Kathleen Mahoney
Executive VP4.75yrsUS$982.12k0.21%
$ 1.7m
Yvonne Trupiano
Executive VP2.42yrsUS$713.42k0.11%
$ 828.6k
Lori Raya
Executive VP & Chief Merchandising & Marketing Officer1.5yrsUS$736.81k0.067%
$ 521.6k
Tammy Hurley
Chief Accounting Officer & VP of Finance4yrsno data0.068%
$ 532.2k
Arif Dar
Chief Information Officer & Senior VP1.58yrsno data0.047%
$ 365.2k
Bill Jacobs
Vice President of Treasury & Corporate Development3.42yrsno datano data
Tom Lee
Senior VP & Chief Supply Chain Officer3.25yrsno datano data
Thomas Swanson
Executive VP & GM of Corporate Retail1.83yrsno data0.063%
$ 490.7k
Joseph McQuesten
Senior Vice President of Center Store & Fresh Merchandising1.83yrsno datano data
Walter Lentz
Executive VP & President of Food Distribution1.25yrsno data0.079%
$ 612.3k

2.7yrs

Average Tenure

54yo

Average Age

Experienced Management: SPTN's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dennis Eidson
Chairman11.83yrsUS$3.50m0.50%
$ 3.9m
Yvonne Jackson
Independent Director9.83yrsUS$233.95k0.11%
$ 821.9k
Margaret Atkins
Independent Director17yrsUS$241.45k0.10%
$ 786.9k
Douglas Hacker
Lead Independent Director2.25yrsUS$238.95k0.12%
$ 952.0k
Elizabeth Nickels
Independent Director20yrsUS$214.57k0.11%
$ 881.2k
William Voss
Independent Director6.75yrsUS$228.95k0.11%
$ 834.6k
Matthew Mannelly
Independent Director2.5yrsUS$208.32k0.052%
$ 407.2k
Frank Gambino
Independent Director17yrsUS$208.95k0.15%
$ 1.2m
Hawthorne Proctor
Independent Director6.75yrsUS$208.95k0.081%
$ 632.8k

6.8yrs

Average Tenure

66yo

Average Age

Experienced Board: SPTN's board of directors are considered experienced (6.8 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.


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$777.486m
  • Shares outstanding: 35.68m
  • 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 Analysis2020/08/09 00:10
End of Day Share Price2020/08/07 00:00
Earnings2020/04/18
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.