Kroger
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The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The last earnings update was 27 days ago. More info.
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KR Share Price and Events
7 Day Returns
1 Year Returns
KR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kroger (KR) | 1.4% | -4.2% | 4% | 0.6% | -26.5% | 53.8% |
| US Consumer Retailing | 2% | 0.4% | -1.5% | -2.8% | 27.9% | 30.4% |
| US Market | 2.5% | 0.2% | -6.4% | -7.7% | 37.9% | 34% |
1 Year Return vs Industry and Market
- KR outperformed the Consumer Retailing industry which returned -2.8% over the past year.
- KR outperformed the Market in United States of America which returned -7.7% over the past year.
KR Value
Is Kroger undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Kroger
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kroger.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 23 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Consumer Retailing Unlevered Beta | Simply Wall St/ S&P Global | 0.46 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.46 (1 + (1- 21%) (68.06%)) |
0.708 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%) |
8.55% |
Discounted Cash Flow Calculation for NYSE:KR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kroger is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 1,958.47 | 2,046.70 | 2,189.52 | 2,259.00 | 2,532.00 |
| Source | Analyst x7 | Analyst x8 | Analyst x5 | Analyst x1 | Analyst x1 |
|
Present Value Discounted (@ 8.55%) |
1,804.28 | 1,737.11 | 1,712.01 | 1,627.27 | 1,680.33 |
| Present value of next 5 years cash flows | $8,561.00 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $2,532.00 × (1 + 2.73%) ÷ (8.55% – 2.73%) |
$44,723.58 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $44,723.58 ÷ (1 + 8.55%)5 |
$29,680.24 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $8,561.00 + $29,680.24 |
$38,241.25 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $38,241.25 / 797.74 |
$47.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $47.94 |
| Current discount | Discount to share price of
$28.30
= -1 x ($28.30 - $47.94) / $47.94 |
41% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Kroger's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Kroger's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Kroger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kroger's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-11-10) in USD | $4.42 |
| NYSE:KR Share Price ** | NYSE (2019-01-14) in USD | $28.3 |
| United States of America Consumer Retailing Industry PE Ratio | Median Figure of 24 Publicly-Listed Consumer Retailing Companies | 13.04x |
| United States of America Market PE Ratio | Median Figure of 3,018 Publicly-Listed Companies | 16.85x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kroger.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:KR Share Price ÷ EPS (both in USD) = 28.3 ÷ 4.42 |
6.41x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kroger is good value based on earnings compared to the US Consumer Retailing industry average.
- Kroger is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Kroger's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.41x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts |
-13.1%per year |
| United States of America Consumer Retailing Industry PEG Ratio | Median Figure of 15 Publicly-Listed Consumer Retailing Companies | 2.36x |
| United States of America Market PEG Ratio | Median Figure of 2,101 Publicly-Listed Companies | 1.23x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.41x ÷ -13.1% |
-0.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kroger earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Kroger's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-11-10) in USD | $9.59 |
| NYSE:KR Share Price * | NYSE (2019-01-14) in USD | $28.3 |
| United States of America Consumer Retailing Industry PB Ratio | Median Figure of 32 Publicly-Listed Consumer Retailing Companies | 2.5x |
| United States of America Market PB Ratio | Median Figure of 5,086 Publicly-Listed Companies | 1.73x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:KR Share Price ÷ Book Value per Share (both in USD) = 28.3 ÷ 9.59 |
2.95x |
* Primary Listing of Kroger.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kroger is overvalued based on assets compared to the US Consumer Retailing industry average.
Value checks
We assess Kroger's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check) Kroger has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
KR Future Performance
How is Kroger expected to perform in the next 1 to 3 years based on estimates from 23 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Kroger's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Kroger's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Kroger's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:KR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts | -13.1% |
| NYSE:KR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts | 3% |
| United States of America Consumer Retailing Industry Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Consumer Retailing Industry Revenue Growth Rate | Market Cap Weighted Average | 3.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-01-31 | 141,070 | 5,419 | 2,329 | 1 |
| 2022-01-31 | 135,387 | 4,998 | 2,189 | 3 |
| 2021-01-31 | 128,102 | 4,820 | 2,007 | 13 |
| 2020-01-31 | 124,229 | 4,786 | 1,804 | 23 |
| 2019-01-31 | 121,658 | 4,455 | 3,228 | 23 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-11-10 | 124,102 | 4,092 | 3,666 |
| 2018-08-18 | 124,179 | 3,348 | 3,746 |
| 2018-05-26 | 123,907 | 3,472 | 3,594 |
| 2018-02-03 | 122,662 | 3,413 | 1,890 |
| 2017-11-04 | 119,242 | 3,870 | 1,545 |
| 2017-08-12 | 118,050 | 4,565 | 1,540 |
| 2017-05-20 | 117,018 | 4,502 | 1,570 |
| 2017-01-28 | 115,337 | 4,272 | 1,959 |
| 2016-11-05 | 113,891 | 4,528 | 2,013 |
| 2016-08-13 | 112,409 | 5,117 | 2,049 |
| 2016-05-21 | 111,383 | 5,241 | 2,098 |
| 2016-01-30 | 109,830 | 4,917 | 2,021 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
All data from Kroger Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-01-31 | 3.35 | 3.35 | 3.35 | 1.00 |
| 2022-01-31 | 2.84 | 3.04 | 2.64 | 2.00 |
| 2021-01-31 | 2.57 | 2.72 | 2.42 | 2.00 |
| 2020-01-31 | 2.27 | 2.35 | 2.19 | 7.00 |
| 2019-01-31 | 3.94 | 4.00 | 3.87 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-11-10 | 4.42 |
| 2018-08-18 | 4.40 |
| 2018-05-26 | 4.10 |
| 2018-02-03 | 2.11 |
| 2017-11-04 | 1.70 |
| 2017-08-12 | 1.67 |
| 2017-05-20 | 1.68 |
| 2017-01-28 | 2.08 |
| 2016-11-05 | 2.12 |
| 2016-08-13 | 2.14 |
| 2016-05-21 | 2.18 |
| 2016-01-30 | 2.09 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Kroger's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Kroger has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
KR Past Performance
How has Kroger performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Kroger's year on year earnings growth rate has been positive over the past 5 years.
- Kroger's 1-year earnings growth exceeds its 5-year average (133.8% vs 14.9%)
- Kroger's earnings growth has exceeded the US Consumer Retailing industry average in the past year (133.8% vs 43.7%).
Earnings and Revenue History
All data from Kroger Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-11-10 | 124,102.00 | 3,666.00 | 21,991.00 | |
| 2018-08-18 | 124,179.00 | 3,746.00 | 22,132.00 | |
| 2018-05-26 | 123,907.00 | 3,594.00 | 22,060.00 | |
| 2018-02-03 | 122,662.00 | 1,890.00 | 22,114.00 | |
| 2017-11-04 | 119,242.00 | 1,545.00 | 20,785.00 | |
| 2017-08-12 | 118,050.00 | 1,540.00 | 20,523.00 | |
| 2017-05-20 | 117,018.00 | 1,570.00 | 20,454.00 | |
| 2017-01-28 | 115,337.00 | 1,959.00 | 20,033.00 | |
| 2016-11-05 | 113,891.00 | 2,013.00 | 20,530.00 | |
| 2016-08-13 | 112,409.00 | 2,049.00 | 20,229.00 | |
| 2016-05-21 | 111,383.00 | 2,098.00 | 19,774.00 | |
| 2016-01-30 | 109,830.00 | 2,021.00 | 18,623.00 | |
| 2015-11-07 | 108,872.00 | 1,979.00 | 19,025.00 | |
| 2015-08-15 | 108,784.00 | 1,913.00 | 18,800.00 | |
| 2015-05-23 | 108,555.00 | 1,827.00 | 18,663.00 | |
| 2015-01-31 | 108,465.00 | 1,711.00 | 18,479.00 | |
| 2014-11-08 | 106,480.00 | 1,617.00 | 17,824.00 | |
| 2014-08-16 | 103,963.00 | 1,556.00 | 17,385.00 | |
| 2014-05-24 | 101,339.00 | 1,527.00 | 16,944.00 | |
| 2014-02-01 | 98,375.00 | 1,507.00 | 16,341.00 | |
| 2013-11-09 | 99,174.00 | 1,546.00 | 16,484.00 | |
| 2013-08-17 | 98,511.00 | 1,563.00 | 16,254.00 | |
| 2013-05-25 | 97,551.00 | 1,526.00 | 16,139.00 | |
| 2013-02-02 | 96,619.00 | 1,485.00 | 16,012.00 | |
| 2012-11-03 | 94,003.00 | 722.00 | 16,610.00 | |
| 2012-08-11 | 92,791.00 | 603.00 | 16,621.00 | |
| 2012-05-19 | 91,978.00 | 605.00 | 16,587.00 | |
| 2012-01-28 | 90,269.00 | 598.00 | 16,459.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Kroger made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Kroger used its assets more efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
- Kroger's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kroger's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Kroger has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
KR Health
How is Kroger's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Kroger's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kroger's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Kroger's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Kroger Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-11-10 | 7,610.00 | 15,018.00 | 429.00 |
| 2018-08-18 | 7,338.00 | 14,532.00 | 361.00 |
| 2018-05-26 | 6,941.00 | 14,301.00 | 691.00 |
| 2018-02-03 | 6,905.00 | 15,590.00 | 347.00 |
| 2017-11-04 | 6,211.00 | 14,847.00 | 352.00 |
| 2017-08-12 | 6,144.00 | 14,048.00 | 819.00 |
| 2017-05-20 | 6,135.00 | 13,444.00 | 356.00 |
| 2017-01-28 | 6,710.00 | 14,085.00 | 322.00 |
| 2016-11-05 | 6,630.00 | 13,836.00 | 374.00 |
| 2016-08-13 | 6,601.00 | 12,420.00 | 319.00 |
| 2016-05-21 | 6,448.00 | 12,386.00 | 391.00 |
| 2016-01-30 | 6,798.00 | 12,106.00 | 277.00 |
| 2015-11-07 | 6,245.00 | 11,259.00 | 274.00 |
| 2015-08-15 | 5,882.00 | 11,271.00 | 268.00 |
| 2015-05-23 | 5,536.00 | 11,308.00 | 252.00 |
| 2015-01-31 | 5,442.00 | 11,636.00 | 268.00 |
| 2014-11-08 | 5,344.00 | 11,536.00 | 264.00 |
| 2014-08-16 | 5,022.00 | 11,200.00 | 248.00 |
| 2014-05-24 | 4,770.00 | 11,316.00 | 265.00 |
| 2014-02-01 | 5,395.00 | 11,312.00 | 401.00 |
| 2013-11-09 | 4,990.00 | 8,273.00 | 344.00 |
| 2013-08-17 | 4,848.00 | 7,896.00 | 440.00 |
| 2013-05-25 | 4,596.00 | 7,947.00 | 247.00 |
| 2013-02-02 | 4,214.00 | 8,888.00 | 238.00 |
| 2012-11-03 | 3,762.00 | 8,891.00 | 435.00 |
| 2012-08-11 | 3,793.00 | 8,165.00 | 238.00 |
| 2012-05-19 | 4,067.00 | 8,143.00 | 511.00 |
| 2012-01-28 | 3,966.00 | 8,206.00 | 188.00 |
- Kroger's level of debt (197.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (166.9% vs 197.3% today).
- Debt is well covered by operating cash flow (27.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
Financial health checks
We assess Kroger's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Kroger has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
KR Dividends
What is Kroger's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Kroger
shares you are expected to receive
$40
in your first year as a dividend.
Dividend Amount
- Kroger's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
- Kroger's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Retailing Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1986 Stocks | 2.7% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-01-31 | ||
| 2022-01-31 | ||
| 2021-01-31 | 0.62 | 8.00 |
| 2020-01-31 | 0.58 | 12.00 |
| 2019-01-31 | 0.54 | 12.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-18 | 0.560 | 2.031 |
| 2018-12-06 | 0.560 | 1.915 |
| 2018-09-20 | 0.560 | 1.918 |
| 2018-09-13 | 0.560 | 1.948 |
| 2018-06-28 | 0.560 | 1.881 |
| 2018-06-21 | 0.500 | 1.723 |
| 2018-03-15 | 0.500 | 2.039 |
| 2018-01-19 | 0.500 | 1.808 |
| 2017-09-14 | 0.500 | 2.150 |
| 2017-09-08 | 0.500 | 2.337 |
| 2017-06-22 | 0.500 | 2.171 |
| 2017-06-15 | 0.480 | 2.108 |
| 2017-03-09 | 0.480 | 1.632 |
| 2017-01-13 | 0.480 | 1.464 |
| 2016-09-15 | 0.480 | 1.488 |
| 2016-09-09 | 0.480 | 1.545 |
| 2016-06-23 | 0.480 | 1.405 |
| 2016-06-16 | 0.420 | 1.207 |
| 2016-03-10 | 0.420 | 1.151 |
| 2016-01-15 | 0.420 | 1.100 |
| 2015-09-17 | 0.420 | 1.089 |
| 2015-09-11 | 0.420 | 1.126 |
| 2015-06-25 | 0.420 | 1.133 |
| 2015-06-18 | 0.370 | 1.007 |
| 2015-03-12 | 0.370 | 1.009 |
| 2015-01-16 | 0.370 | 1.039 |
| 2014-09-18 | 0.370 | 1.279 |
| 2014-09-11 | 0.330 | 1.267 |
| 2014-06-26 | 0.330 | 1.317 |
| 2014-06-19 | 0.330 | 1.335 |
| 2014-03-13 | 0.330 | 1.444 |
| 2014-01-17 | 0.330 | 1.710 |
| 2013-09-19 | 0.330 | 1.615 |
| 2013-09-12 | 0.300 | 1.504 |
| 2013-06-27 | 0.300 | 1.587 |
| 2013-06-20 | 0.300 | 1.761 |
| 2013-03-14 | 0.300 | 1.780 |
| 2013-01-18 | 0.300 | 2.094 |
| 2012-09-13 | 0.300 | 2.393 |
| 2012-09-07 | 0.230 | 1.967 |
| 2012-06-21 | 0.230 | 2.067 |
| 2012-06-14 | 0.230 | 2.015 |
| 2012-03-08 | 0.230 | 1.992 |
| 2012-01-20 | 0.230 | 1.923 |
| 2011-09-15 | 0.230 | 1.992 |
| 2011-09-09 | 0.210 | 1.900 |
| 2011-06-23 | 0.210 | 1.754 |
| 2011-06-16 | 0.210 | 1.728 |
| 2011-03-10 | 0.210 | 1.741 |
| 2011-01-21 | 0.210 | 1.864 |
| 2010-09-16 | 0.210 | 1.916 |
| 2010-09-14 | 0.190 | 1.764 |
| 2010-06-24 | 0.190 | 1.823 |
| 2010-06-17 | 0.190 | 1.880 |
| 2010-03-11 | 0.190 | 1.756 |
| 2010-01-22 | 0.190 | 1.740 |
| 2009-09-17 | 0.190 | 1.746 |
| 2009-09-15 | 0.180 | 1.731 |
| 2009-06-25 | 0.180 | 1.674 |
| 2009-06-23 | 0.180 | 1.638 |
| 2009-03-12 | 0.180 | 1.665 |
| 2009-01-23 | 0.180 | 1.654 |
| 2009-01-15 | 0.180 | 1.459 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- 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
What portion of
Kroger's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are thoroughly covered by earnings (8.3x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
Income/ dividend checks
We assess Kroger's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Kroger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kroger has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KR Management
CEO
| COMPENSATION | $11,534,860 |
| AGE | 57 |
| TENURE AS CEO | 5 years |
CEO Bio
Mr. William Rodney McMullen has been Independent Director of Cincinnati Financial Corporation since 2001 and The Cincinnati Life Insurance Company. Mr. McMullen has worked with The Kroger Co’s Board on business strategy initiatives and transactions, including business model transformation, mergers and acquisitions, divestitures and management transitions. Mr. McMullen has been chairman of the Board of The Kroger Co since January 1, 2015 and its Chief Executive Officer since January 1, 2014. He served at The Kroger Co as its President and Chief Operating Officer from August 2009 to December 2013. Mr. McMullen has been a Director of The Kroger Co since June 2003. Prior to that he was elected Vice Chairman in June 2003, Executive Vice President, Strategy, Planning and Finance in January 2000, Executive Vice President and Chief Financial Officer in May 1999, Senior Vice President in October 1997 and Group Vice President and Chief Financial Officer in June 1995. Before that he was appointed Vice President, Control and Financial Services in March 1993 and Vice President, Planning and Capital Management in December 1989. Mr. McMullen joined Kroger in 1978 as a part-time stock clerk and advanced to hold key financial positions, including Corporate Controller and Chief Financial Officer. In 2016, Mr. McMullen was elected to the Board of V.F Corporation. He is a Board Member of Cincinnati Center City Development Corporation since 2014. From 2007 to 2014, he served on the Board of Global Standards 1 and he was Chairman of GS1 US. He serves as Member of Management Board of GS1 AISBL. He also was Chairman of 1WorldSync from 2012 to 2014. He is a Board Member of VF Corporation since 2016. He serves as Director of The Cincinnati Indemnity Company. He serves as Director of The Cincinnati Insurance Company, Inc. Mr. McMullen holds a Master of Science in accounting from the University of Kentucky, where he also completed his Bachelor of Science in accounting and Bachelor of Business Administration in finance.
CEO Compensation
- William's compensation has been consistent with company performance over the past year.
- William's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Kroger management team in years:
- The tenure for the Kroger management team is about average.
Management Team
William McMullen
Chairman & CEO
$12M
57
5 yrs
Mike Schlotman
Executive VP & CFO
$5M
60
19 yrs
Mike Donnelly
Executive VP & COO
$5M
59
1.1 yrs
Christopher Hjelm
Executive VP & Chief Information Officer
$3M
56
13.4 yrs
Stuart Aitken
Group Vice President
$3M
46
3.6 yrs
Todd Foley
VP, Corporate Controller & Chief Accounting Officer
48
1.8 yrs
Rebekah Manis
Director of Investor Relations
0.8 yrs
Christine Wheatley
Group VP
47
4.7 yrs
Kristal Howard
Head of Corporate Communications & Media Relations
1.8 yrs
Alessandro Tosolini
Senior Vice President of New Business Development
51
4.1 yrs
Board of Directors Tenure
Average tenure and age of the Kroger board of directors in years:
- The average tenure for the Kroger board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
William McMullen
Chairman & CEO
$12M
57
4 yrs
Clyde Moore
Independent Director
$422K
64
22 yrs
James Runde
Independent Director
$267K
71
12.3 yrs
Ron Sargent
Independent Director
$286K
62
12.1 yrs
Jorge Montoya
Independent Director
$267K
71
11.8 yrs
Anne Gates
Independent Director
$262K
58
3.1 yrs
Bob Beyer
Lead Director
$303K
58
Bobby Shackouls
Independent Director
$262K
67
20 yrs
Susan Kropf
Independent Director
$254K
69
11.1 yrs
Nora Aufreiter
Independent Director
$252K
58
4.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 02. Jan 19 | Sell | Robert Beyer | Individual | 31. Dec 18 | 02. Jan 19 | -50,000 | $27.46 | $-1,369,268 | ||
| 26. Dec 18 | Sell | Christopher Hjelm | Individual | 21. Dec 18 | 21. Dec 18 | -18,564 | $28.25 | $-524,433 | ||
| 19. Dec 18 | Sell | John Schlotman | Individual | 18. Dec 18 | 18. Dec 18 | -20,546 | $28.86 | $-592,999 | ||
| 17. Dec 18 | Sell | Michael Donnelly | Individual | 13. Dec 18 | 13. Dec 18 | -27,400 | $29.60 | $-811,040 | ||
| 11. Oct 18 | Sell | Calvin Kaufman | Individual | 11. Oct 18 | 11. Oct 18 | -10,500 | $27.50 | $-288,397 | ||
| 05. Oct 18 | Sell | Carin Fike | Individual | 04. Oct 18 | 04. Oct 18 | -646 | $29.23 | $-18,879 | ||
| 19. Sep 18 | Sell | Erin Sharp | Individual | 18. Sep 18 | 18. Sep 18 | -25,314 | $29.00 | $-734,106 | ||
Management checks
We assess Kroger's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Kroger has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
KR News
External News
Simply Wall St News
Do Institutions Own The Kroger Co. (NYSE:KR) Shares?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We also tend to see lower insider ownership in companies that were previously publicly owned. … We'd expect to see both institutions and retail investors owning a portion of the company.
Simply Wall St - – Full articleThe Kroger Co.’s (NYSE:KR) Investment Returns Are Lagging Its Industry
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHow Much Are The Kroger Co (NYSE:KR) Insiders Taking Off The Table?
So before you buy or sell The Kroger Co (NYSE:KR), you may well want to know whether insiders have been buying or selling. … Over the last year we saw more insider selling of Kroger shares, than buying … It's not particularly great to see insiders were selling shares around current prices (shares recently traded at US$28.64)
Simply Wall St - – Full articleHow The Kroger Co (NYSE:KR) Could Add Value To Your Portfolio
The Kroger Co (NYSE:KR) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of KR, it
Simply Wall St - – Full articleThe Kroger Co (NYSE:KR): 4 Days To Buy Before The Ex-Dividend Date
On the 01 December 2018, The Kroger Co (NYSE:KR) will be paying shareholders an upcoming dividend amount of US$0.14 per share. … How I analyze a dividend stock? … When researching a dividend stock, I always follow the following screening criteria:?
Simply Wall St - – Full articleDoes The Kroger Co's (NYSE:KR) CEO Pay Compare Well With Peers?
This analysis aims first to contrast CEO compensation with other large companies. … How Does William McMullen's Compensation Compare With Similar Sized Companies. … According to our data, The Kroger Co has a market capitalization of US$22.0b, and pays its CEO total annual compensation worth US$12m.
Simply Wall St - – Full articleThe Kroger Co (NYSE:KR) Delivered A Better ROE Than The Industry, Here’s Why
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Kroger has a return on equity of 51% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs The Kroger Co (NYSE:KR) Attractive At This PE Ratio?
and want to learn about the link between company’s fundamentals and stock market performance. … The Kroger Co (NYSE:KR) is trading with a trailing P/E of 7.6, which is lower than the industry average of 18.6. … Although some investors might think this is a real positive, that might change once you understand the assumptions behind the P/E.
Simply Wall St - – Full articleWhat Should Investors Know About The Kroger Co's (NYSE:KR) Capital Returns?
This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently Kroger is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).
Simply Wall St - – Full articleIs The Kroger Co's (NYSE:KR) ROE Of 52.01% Sustainable?
and looking to gauge the potential return on investment in The Kroger Co (NYSE:KR). … The Kroger Co (NYSE:KR) outperformed the food retail industry on the basis of its ROE – producing a higher 52.01% relative to the peer average of 12.22% over the past 12 months. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden
Simply Wall St - – Full articleKR Company Info
Map
Description
The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. It also manufactures and processes food products for sale in its supermarkets. The company operates supermarkets, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. The company’s marketplace stores comprise full-service grocery, pharmacy, health and beauty care departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and convenience stores comprise a limited assortment of staple food items and general merchandise, as well as sells fuel. It operates under the banner brands, such as Kroger, Ralphs, Fred Meyer, King Soopers, etc., as well as Simple Truth and Simple Truth Organic brands. As of March 8, 2018, the company operated 2,800 retail food stores under various banner names, as well as an online retail store. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
Details
| Name: | The Kroger Co. |
| KR | |
| Exchange: | NYSE |
| Founded: | 1883 |
| $22,065,572,348 | |
| 797,743,035 | |
| Website: | http://www.thekrogerco.com |
| Address: |
The Kroger Co. 1014 Vine Street, Cincinnati, Ohio, 45202, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | KR | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | KOG | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0JS2 | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| BMV | KR * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Food Retail | |
| Consumer Retailing |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/01/14 23:39 |
| End of day share price update: | 2019/01/14 00:00 |
| Last estimates confirmation: | 2019/01/04 |
| Last earnings filing: | 2018/12/18 |
| Last earnings reported: | 2018/11/10 |
| Last annual earnings reported: | 2018/02/03 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
