Loading...

Kroger

NYSE:KR
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KR
NYSE
$25B
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
KR Share Price and Events
7 Day Returns
4%
NYSE:KR
3.3%
US Consumer Retailing
1.6%
US Market
1 Year Returns
42.2%
NYSE:KR
22%
US Consumer Retailing
12.4%
US Market
KR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kroger (KR) 4% 16.6% 5% 42.2% -15.2% 51.2%
US Consumer Retailing 3.3% 10.9% 13.8% 22% 55.5% 49.6%
US Market 1.6% 2.3% -2.2% 12.4% 55.2% 105.4%
1 Year Return vs Industry and Market
  • KR outperformed the Consumer Retailing industry which returned 22% over the past year.
  • KR outperformed the Market in United States of America which returned 12.4% over the past year.
Price Volatility
KR
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kroger.

NYSE:KR Discounted Cash Flow Data Sources
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 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:KR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 21%) (58.06%))
0.694
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)
= 2.95% + (0.8 * 7.05%)
8.59%

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.

NYSE:KR DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 2,190.39 1,975.92 2,180.40 2,259.00 2,532.00
Source Analyst x8 Analyst x10 Analyst x5 Analyst x1 Analyst x1
Present Value
Discounted (@ 8.59%)
2,017.12 1,675.67 1,702.81 1,624.64 1,676.93
Present value of next 5 years cash flows $8,697.17
NYSE:KR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $2,532.00 × (1 + 2.95%) ÷ (8.59% – 2.95%)
$46,217.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $46,217.98 ÷ (1 + 8.59%)5
$30,609.89
NYSE:KR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $8,697.17 + $30,609.89
$39,307.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $39,307.06 / 797.42
$49.29
NYSE:KR Discount to Share Price
Calculation Result
Value per share (USD) From above. $49.29
Current discount Discount to share price of $31.39
= -1 x ($31.39 - $49.29) / $49.29
36.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kroger is available for.
Intrinsic value
36%
Share price is $31.39 vs Future cash flow value of $49.29
Current Discount Checks
For Kroger to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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, but not 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?
Raw Data
NYSE:KR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-18) in USD $4.40
NYSE:KR Share Price ** NYSE (2018-11-09) in USD $31.39
United States of America Consumer Retailing Industry PE Ratio Median Figure of 23 Publicly-Listed Consumer Retailing Companies 14.72x
United States of America Market PE Ratio Median Figure of 2,971 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kroger.

NYSE:KR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KR Share Price ÷ EPS (both in USD)

= 31.39 ÷ 4.40

7.14x

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?
Raw Data
NYSE:KR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
-16.1%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 15 Publicly-Listed Consumer Retailing Companies 2.25x
United States of America Market PEG Ratio Median Figure of 2,086 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

NYSE:KR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.14x ÷ -16.1%

-0.44x

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?
Raw Data
NYSE:KR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-18) in USD $9.25
NYSE:KR Share Price * NYSE (2018-11-09) in USD $31.39
United States of America Consumer Retailing Industry PB Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 2.48x
United States of America Market PB Ratio Median Figure of 4,972 Publicly-Listed Companies 1.88x
NYSE:KR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KR Share Price ÷ Book Value per Share (both in USD)

= 31.39 ÷ 9.25

3.39x

* 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.
X
Value checks
We assess Kroger's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Kroger has a total score of 3/6, 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!
Annual Growth Rate
-16.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kroger expected to grow at an attractive rate?
  • Kroger's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
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
Raw Data
NYSE:KR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts -16.1%
NYSE:KR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.1%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
United States of America Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
Raw Data
NYSE:KR Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-01-31 140,419 5,397 2,317 1
2022-01-31 136,156 4,981 2,032 3
2021-01-31 128,746 4,791 1,940 12
2020-01-31 125,004 4,769 1,777 23
2019-01-31 121,968 4,532 3,353 23
NYSE:KR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2015-11-07 108,872 4,624 1,979

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kroger's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Kroger's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:KR 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.

NYSE:KR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-01-31 3.33 3.33 3.33 1.00
2022-01-31 2.86 3.05 2.66 2.00
2021-01-31 2.59 2.75 2.43 2.00
2020-01-31 2.26 2.35 2.12 7.00
2019-01-31 4.13 4.59 3.96 6.00
NYSE:KR Past Financials Data
Date (Data in USD Millions) EPS *
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
2015-11-07 2.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kroger is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Kroger's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Kroger's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (143.2% vs 12.1%)
  • Kroger's earnings growth has exceeded the US Consumer Retailing industry average in the past year (143.2% vs 42.8%).
Earnings and Revenue History
Kroger's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kroger Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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 21,502.00
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.
  • Kroger made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • 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 has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Kroger's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kroger has a total score of 5/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Kroger's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Kroger Company Filings, last reported 2 months ago.

NYSE:KR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 (198%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (162.9% vs 198% today).
  • Debt is well covered by operating cash flow (23%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess Kroger's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kroger has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.78%
Current annual income from Kroger dividends. Estimated to be 1.82% next year.
If you bought $2,000 of Kroger shares you are expected to receive $36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kroger's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.37%).
  • Kroger's dividend is below the markets top 25% of dividend payers in United States of America (3.5%).
Upcoming dividend payment

Purchase Kroger on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NYSE:KR Annualized Past and Future Dividends
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 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1977 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:KR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-01-31
2022-01-31
2021-01-31 0.61 8.00
2020-01-31 0.58 12.00
2019-01-31 0.54 12.00
NYSE:KR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-20 0.560 1.942
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
2008-11-12 0.180 1.386

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 (8.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Kroger's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William McMullen
COMPENSATION $11,534,860
AGE 57
TENURE AS CEO 4.8 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:

3.7
Average Tenure
53.5
Average Age
  • The tenure for the Kroger management team is about average.
Management Team

William McMullen

TITLE
Chairman & CEO
COMPENSATION
$12M
AGE
57
TENURE
4.8 yrs

John Schlotman

TITLE
Executive VP & CFO
COMPENSATION
$5M
AGE
60
TENURE
18.8 yrs

Mike Donnelly

TITLE
Executive VP & COO
COMPENSATION
$5M
AGE
59
TENURE
0.9 yrs

Christopher Hjelm

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$3M
AGE
56
TENURE
13.3 yrs

Stuart Aitken

TITLE
Group Vice President
COMPENSATION
$3M
AGE
46
TENURE
3.4 yrs

Todd Foley

TITLE
VP, Corporate Controller & Chief Accounting Officer
AGE
48
TENURE
1.6 yrs

Rebekah Manis

TITLE
Director of Investor Relations
TENURE
0.7 yrs

Christine Wheatley

TITLE
Group VP
AGE
47
TENURE
4.5 yrs

Kristal Howard

TITLE
Head of Corporate Communications and Media Relations
TENURE
1.6 yrs

Alessandro Tosolini

TITLE
Senior Vice President of New Business Development
AGE
51
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Kroger board of directors in years:

11.7
Average Tenure
63
Average Age
  • 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

TITLE
Chairman & CEO
COMPENSATION
$12M
AGE
57
TENURE
3.8 yrs

Clyde Moore

TITLE
Independent Director
COMPENSATION
$422K
AGE
64
TENURE
21.8 yrs

James Runde

TITLE
Independent Director
COMPENSATION
$267K
AGE
71
TENURE
12.2 yrs

Ron Sargent

TITLE
Independent Director
COMPENSATION
$286K
AGE
62
TENURE
11.9 yrs

Jorge Montoya

TITLE
Independent Director
COMPENSATION
$267K
AGE
71
TENURE
11.7 yrs

Anne Gates

TITLE
Independent Director
COMPENSATION
$262K
AGE
58
TENURE
2.9 yrs

Bob Beyer

TITLE
Lead Director
COMPENSATION
$303K
AGE
58

Bobby Shackouls

TITLE
Independent Director
COMPENSATION
$262K
AGE
67
TENURE
19.8 yrs

Susan Kropf

TITLE
Independent Director
COMPENSATION
$254K
AGE
69
TENURE
10.9 yrs

Nora Aufreiter

TITLE
Independent Director
COMPENSATION
$252K
AGE
58
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Max Price ($) Value ($)
11. Oct 18 Sell Calvin Kaufman Individual 11. Oct 18 11. Oct 18 -10,500 $27.50 $-288,397.20
05. Oct 18 Sell Carin Fike Individual 04. Oct 18 04. Oct 18 -646 $29.23 $-18,879.35
19. Sep 18 Sell Erin Sharp Individual 18. Sep 18 18. Sep 18 -25,314 $29.00 $-734,106.00
02. Jan 18 Sell Michael Donnelly Individual 28. Dec 17 28. Dec 17 -15,400 $27.67 $-425,923.94
20. Dec 17 Sell Christopher Hjelm Individual 19. Dec 17 19. Dec 17 -16,530 $27.00 $-446,326.53
04. Dec 17 Sell Carin Fike Individual 01. Dec 17 01. Dec 17 -738 $25.76 $-19,010.88
X
Management checks
We assess Kroger's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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
Loading...
Simply Wall St News

The 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 -

Does 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 -

The 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 -

Is 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 -

What 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 -

Is 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 -

What Is The Kroger Co's (NYSE:KR) Share Price Doing?

saw a decent share price growth in the teens level on the NYSE over the last few months. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price

Simply Wall St -

Why The Kroger Co (NYSE:KR) Is An Attractive Investment

I've been keeping an eye on The Kroger Co (NYSE:KR) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe KR has a lot to offer. … that has been a rockstar for income investors, currently trading at an attractive share price

Simply Wall St -

Interested In The Kroger Co (NYSE:KR)? Here's How It Performed Recently

Below, I will assess KR's recent performance announced on 03 February 2018 and compare these figures to its historical trend and industry movements. … KR's trailing twelve-month earnings (from 03 February 2018) of US$1.89b has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 11.10%, indicating the rate at which KR is growing has slowed down

Simply Wall St -

Is It The Right Time To Buy The Kroger Co (NYSE:KR)?

This is because Kroger’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … However, with a relatively muted profit growth of 1.50% expected over the next couple of years, growth doesn’t seem like a key driver for a buy decision for Kroger, at least in the short term.

Simply Wall St -

KR 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
$25,030,973,871
797,418,728
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
Staff numbers
449,000
Kroger employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/11 21:07
End of day share price update: 2018/11/09 00:00
Last estimates confirmation: 2018/11/06
Last earnings filing: 2018/09/25
Last earnings reported: 2018/08/18
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.