NasdaqGS:SPTN

Stock Analysis Report

Executive Summary

SpartanNash Company distributes and retails grocery products.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.

Risks

  • SpartanNash has significant price volatility in the past 3 months.

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

14.4%

NasdaqGS:SPTN

2.9%

US Consumer Retailing

-1.0%

US Market


1 Year Return

-42.6%

NasdaqGS:SPTN

7.2%

US Consumer Retailing

-0.4%

US Market

SPTN underperformed the Consumer Retailing industry which returned 6.5% over the past year.

SPTN underperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

SPTNIndustryMarket
7 Day14.4%2.9%-1.0%
30 Day-2.6%-1.4%-3.3%
90 Day-23.5%8.2%0.4%
1 Year-39.9%-42.6%9.2%7.2%1.8%-0.4%
3 Year-60.3%-63.9%37.1%28.6%39.4%30.4%
5 Year-40.2%-47.8%60.6%43.5%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SpartanNash's share price is below the future cash flow value, and at a moderate discount (> 20%).

SpartanNash's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

SpartanNash is overvalued based on earnings compared to the US Consumer Retailing industry average.

SpartanNash is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

SpartanNash is poor value based on expected growth next year.


Price Based on Value of Assets

SpartanNash is good value based on assets compared to the US Consumer Retailing industry average.


Next Steps

Future Growth

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

23.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SpartanNash's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).

SpartanNash's earnings are expected to grow significantly at over 20% yearly.

SpartanNash's revenue growth is positive but not above the United States of America market average.

SpartanNash's earnings growth is expected to exceed the United States of America market average.

SpartanNash's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

SpartanNash is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

SpartanNash's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

SpartanNash has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

SpartanNash has become profitable in the last year making it difficult to compare the US Consumer Retailing industry average.


Return on Equity

SpartanNash has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

SpartanNash used its assets less efficiently than the US Consumer Retailing industry average last year based on Return on Assets.


Return on Capital Employed

SpartanNash's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is SpartanNash's financial position?


Financial Position Analysis

SpartanNash is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SpartanNash's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

SpartanNash's level of debt (2.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (79.5% vs 2.6% today).

Debt is well covered by operating cash flow (965.2%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 56.4x debt.


Next Steps

Dividend

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

7.83%

Expected Dividend Yield


Dividend Yield and Payments Analysis

SpartanNash's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

SpartanNash's dividend is above the markets top 25% of dividend payers in United States of America (3.9%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.5x coverage).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Dennis Eidson (65yo)

10.8yrs

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

Dennis's remuneration is lower than average for companies of similar size in United States of America.

Dennis's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.1yrs

Average Tenure

52.5yo

Average Age

The tenure for the SpartanNash management team is about average.


Board Age and Tenure

5.8yrs

Average Tenure

65yo

Average Age

The tenure for the SpartanNash board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

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

Ownership Breakdown


Management Team

  • Tammy Hurley (53yo)

    Chief Accounting Officer & VP of Finance

    • Tenure: 3.0yrs
  • Mark Shamber (50yo)

    Executive VP & CFO

    • Tenure: 1.9yrs
    • Compensation: $904.26k
  • Bill Jacobs

    Vice President of Treasury & Corporate Development

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

    Chief Information Officer & Senior VP

    • Tenure: 0.6yrs
  • Larry Pierce (64yo)

    Executive Vice President of Special Projects

    • Tenure: 0.5yrs
    • Compensation: $694.39k
  • Dennis Eidson (65yo)

    Chairman

    • Tenure: 10.8yrs
    • Compensation: $281.31k
  • Yvonne Trupiano (40yo)

    Executive VP

    • Tenure: 1.4yrs
    • Compensation: $655.57k
  • Tom Lee

    Senior VP & Chief Supply Chain Officer

    • Tenure: 2.3yrs
  • Kathy Mahoney (64yo)

    President of MDV Military Division

    • Tenure: 3.8yrs
    • Compensation: $1.04m
  • Lori Raya (52yo)

    Executive VP & Chief Merchandising & Marketing Officer

    • Tenure: 0.5yrs

Board Members

  • Yvonne Jackson (69yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: $218.70k
  • Margaret Atkins (62yo)

    Independent Director

    • Tenure: 16.0yrs
    • Compensation: $211.20k
  • Matt Mannelly (62yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: $173.72k
  • William Voss (65yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: $206.20k
  • Frank Gambino (65yo)

    Independent Director

    • Tenure: 16.0yrs
    • Compensation: $193.70k
  • Doug Hacker (64yo)

    Lead Independent Director

    • Tenure: 1.3yrs
    • Compensation: $218.70k
  • Dennis Eidson (65yo)

    Chairman

    • Tenure: 3.2yrs
    • Compensation: $281.31k
  • Peet Proctor (72yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: $193.70k
  • Beth Nickels (57yo)

    Independent Director

    • Tenure: 19.0yrs
    • Compensation: $199.33k

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$414.571m
  • Shares outstanding: 36.33m
  • Website: Click here

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 Analysis2019/08/16 23:40
End of Day Share Price2019/08/16 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.