Loading...

Smart & Final Stores

NYSE:SFS
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SFS
NYSE
$497M
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

Smart & Final Stores, Inc. operates as a food retailer in the United States. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
SFS Share Price and Events
7 Day Returns
0.5%
NYSE:SFS
0.7%
US Consumer Retailing
1.6%
US Market
1 Year Returns
16.1%
NYSE:SFS
16.9%
US Consumer Retailing
2.8%
US Market
SFS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Smart & Final Stores (SFS) 0.5% -0.8% 26.2% 16.1% -55.3% -
US Consumer Retailing 0.7% 5.1% 6.4% 16.9% 27.4% 36.7%
US Market 1.6% 2.5% 2.2% 2.8% 38.4% 40.3%
1 Year Return vs Industry and Market
  • SFS outperformed the Market in United States of America which returned 2.8% over the past year.
Price Volatility
SFS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Smart & Final Stores 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 Smart & Final Stores 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 Smart & Final Stores.

NYSE:SFS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.4%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:SFS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.468 (1 + (1- 21%) (326.05%))
1.452
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.452 * 5.96%)
11.38%

Discounted Cash Flow Calculation for NYSE:SFS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Smart & Final Stores is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SFS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.38%)
2019 52.00 Analyst x1 46.69
2020 31.35 Analyst x2 25.27
2021 20.76 Est @ -33.79% 15.02
2022 16.02 Est @ -22.84% 10.41
2023 13.59 Est @ -15.17% 7.93
2024 12.26 Est @ -9.8% 6.42
2025 11.52 Est @ -6.04% 5.41
2026 11.12 Est @ -3.41% 4.70
2027 10.95 Est @ -1.57% 4.15
2028 10.92 Est @ -0.28% 3.72
Present value of next 10 years cash flows $129.70
NYSE:SFS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $10.92 × (1 + 2.73%) ÷ (11.38% – 2.73%)
$129.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $129.64 ÷ (1 + 11.38%)10
$44.11
NYSE:SFS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $129.70 + $44.11
$173.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $173.82 / 76.49
$2.27
NYSE:SFS Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.27
Current discount Discount to share price of $6.50
= -1 x ($6.50 - $2.27) / $2.27
-186%

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

  • The current share price of Smart & Final Stores is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Smart & Final Stores's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Smart & Final Stores's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SFS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-24) in USD $-1.52
NYSE:SFS Share Price ** NYSE (2019-06-19) in USD $6.5
United States of America Consumer Retailing Industry PE Ratio Median Figure of 23 Publicly-Listed Consumer Retailing Companies 20.99x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.9x

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

** Primary Listing of Smart & Final Stores.

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

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

= 6.5 ÷ -1.52

-4.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Smart & Final Stores is loss making, we can't compare its value to the US Consumer Retailing industry average.
  • Smart & Final Stores is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Smart & Final Stores's expected growth come at a high price?
Raw Data
NYSE:SFS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
87%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 14 Publicly-Listed Consumer Retailing Companies 2.79x
United States of America Market PEG Ratio Median Figure of 2,130 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Smart & Final Stores, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Smart & Final Stores's assets?
Raw Data
NYSE:SFS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-24) in USD $3.84
NYSE:SFS Share Price * NYSE (2019-06-19) in USD $6.5
United States of America Consumer Retailing Industry PB Ratio Median Figure of 31 Publicly-Listed Consumer Retailing Companies 2.37x
United States of America Market PB Ratio Median Figure of 5,252 Publicly-Listed Companies 1.8x
NYSE:SFS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.5 ÷ 3.84

1.69x

* Primary Listing of Smart & Final Stores.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Smart & Final Stores is good value based on assets compared to the US Consumer Retailing industry average.
X
Value checks
We assess Smart & Final Stores'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. Smart & Final Stores has a total score of 1/6, 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.

Future Performance

 How is Smart & Final Stores expected to perform in the next 1 to 3 years based on estimates from 5 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
87%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Smart & Final Stores expected to grow at an attractive rate?
  • Smart & Final Stores's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Smart & Final Stores's earnings growth is expected to exceed the United States of America market average.
  • Smart & Final Stores's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SFS Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SFS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 87%
NYSE:SFS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.9%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 5.4%
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%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:SFS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SFS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,302 20 1
2020-12-31 5,089 135 20 4
2019-12-31 4,884 140 17 5
NYSE:SFS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-24 4,770 135 -112
2018-12-30 4,742 141 -112
2018-10-07 4,707 151 -137
2018-06-17 4,667 140 -142
2018-03-25 4,620 166 -141
2017-12-31 4,571 169 -139
2017-10-08 4,503 139 7
2017-06-18 4,440 132 9
2017-03-26 4,400 106 10
2017-01-01 4,342 97 13
2016-10-09 4,339 117 23
2016-06-19 4,190 135 29
2016-03-27 4,057 120 32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Smart & Final Stores's earnings are expected to grow significantly at over 20% yearly.
  • Smart & Final Stores's revenue is expected to grow by 3.9% 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:SFS 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 5 Analyst Estimates (S&P Global) See Below

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

NYSE:SFS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.26 0.26 0.26 1.00
2020-12-31 0.23 0.23 0.22 2.00
2019-12-31 0.20 0.23 0.14 4.00
NYSE:SFS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-24 -1.52
2018-12-30 -1.54
2018-10-07 -1.89
2018-06-17 -1.96
2018-03-25 -1.95
2017-12-31 -1.92
2017-10-08 0.10
2017-06-18 0.13
2017-03-26 0.14
2017-01-01 0.18
2016-10-09 0.32
2016-06-19 0.39
2016-03-27 0.43

*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.
  • Smart & Final Stores is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Smart & Final Stores'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.
Smart & Final Stores has a total score of 3/6, 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.

Past Performance

  How has Smart & Final Stores 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 Smart & Final Stores'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.
  • Smart & Final Stores does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Smart & Final Stores's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Smart & Final Stores's 1-year growth to the US Consumer Retailing industry average as it is not currently profitable.
Earnings and Revenue History
Smart & Final Stores'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 Smart & Final Stores Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SFS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-24 4,770.34 -111.74 802.00
2018-12-30 4,741.77 -112.16 793.29
2018-10-07 4,707.30 -136.89 777.10
2018-06-17 4,666.98 -141.94 763.18
2018-03-25 4,619.79 -141.42 755.54
2017-12-31 4,570.57 -138.91 744.98
2017-10-08 4,503.29 7.39 727.55
2017-06-18 4,440.37 9.32 716.73
2017-03-26 4,400.36 9.99 712.86
2017-01-01 4,341.80 12.95 702.26
2016-10-09 4,338.79 23.16 666.36
2016-06-19 4,190.42 28.51 639.82
2016-03-27 4,057.26 31.74 615.31
2016-01-03 3,970.98 38.26 597.18
2015-10-04 3,812.69 37.57 564.12
2015-06-14 3,698.45 35.42 548.46
2015-03-22 3,621.40 35.49 535.82
2014-12-28 3,534.24 33.12 520.24
2014-10-05 3,437.71 16.86 499.82
2014-06-15 3,327.28 16.67 479.86
2014-03-23 3,255.15 9.15 466.83
2013-12-29 3,210.29 8.17 458.63
2012-12-30 3,042.71 5.04 449.53

*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.
  • It is difficult to establish if Smart & Final Stores has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Smart & Final Stores has efficiently used its assets last year compared to the US Consumer Retailing industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Smart & Final Stores improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Smart & Final Stores'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.
Smart & Final Stores has a total score of 0/6, 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.

Health

 How is Smart & Final Stores'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 Smart & Final Stores's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Smart & Final Stores's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Smart & Final Stores's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Smart & Final Stores'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 0.6x 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 Smart & Final Stores Company Filings, last reported 2 months ago.

NYSE:SFS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-24 293.59 1,621.06 57.87
2018-12-30 308.16 665.48 67.22
2018-10-07 423.47 666.62 62.17
2018-06-17 410.06 681.75 64.21
2018-03-25 399.10 687.81 55.79
2017-12-31 403.05 699.38 71.67
2017-10-08 558.39 683.11 60.89
2017-06-18 555.78 666.09 63.23
2017-03-26 545.97 685.87 50.39
2017-01-01 552.25 680.08 54.24
2016-10-09 561.34 653.86 54.04
2016-06-19 571.58 620.42 67.38
2016-03-27 562.70 619.47 63.07
2016-01-03 566.57 593.04 59.33
2015-10-04 552.30 593.58 122.30
2015-06-14 536.28 592.08 121.35
2015-03-22 522.64 590.33 124.08
2014-12-28 517.21 590.54 106.85
2014-10-05 538.57 590.27 110.07
2014-06-15 353.89 705.17 65.56
2014-03-23 343.62 706.00 69.88
2013-12-29 341.86 706.82 53.70
2012-12-30 307.02 704.73 35.99
  • Smart & Final Stores's level of debt (230.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (205.3% vs 230.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Smart & Final Stores has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Smart & Final Stores has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -103.5% per year.
X
Financial health checks
We assess Smart & Final Stores'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. Smart & Final Stores 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.

Dividends

 What is Smart & Final Stores'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
0%
Current annual income from Smart & Final Stores dividends. Estimated to be 0% next year.
If you bought $2,000 of Smart & Final Stores shares you are expected to receive $0 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?
  • Unable to evaluate Smart & Final Stores's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Smart & Final Stores's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SFS 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 5 Analyst Estimates (S&P Global) See Below
United States of America Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 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 3.7%

Industry and Market average data is calculated daily.

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

NYSE:SFS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Smart & Final Stores has not reported any payouts.
  • Unable to verify if Smart & Final Stores's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Smart & Final Stores's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Smart & Final Stores has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Smart & Final Stores's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Smart & Final Stores'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 Smart & Final Stores afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Smart & Final Stores has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Smart & Final Stores'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
Dave Hirz
COMPENSATION $2,603,203
AGE 63
TENURE AS CEO 7.4 years
CEO Bio

Mr. David G. Hirz, also known as Dave has been the Chief Executive Officer and President of Smart & Final Stores, Inc. since January 2012 and April 2010 respectively. Mr. Hirz served as the President and Chief Operating Officer of Smart & Final Stores, Inc. from April 2010 to January 2012. He joined Smart & Final Stores in April 2010. He served as the President of Ralphs Supermarkets at Ralphs Grocery Company from March 2004 to September 2007. He served as the President of Food 4 Less Division at Kroger Co., from 1999 to 2004 and from September 2007 to April 2010. Previously, he held store and operations management positions with several retail grocery companies.He served as President of Ralph's Grocery Company Inc., a unit of Kroger Co., from September 9, 2004 to August 19, 2007. Prior to that, he served as Group Vice President, Operations of Food 4 Less. He joined Food 4 Less in 1991. Before that, Mr. Hirz held leadership positions with The Boys Markets from 1985 to 1991, including Store Director, District Manager and Manager of Store Operations and Administration. He began his supermarket industry career in 1971 as a Courtesy Clerk with Fisher-Fazio Markets in Cleveland. He has been a Director of Smart & Final Stores, Inc. since January 2012. Mr. Hirz is a graduate of California State University, Fullerton.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dave's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Smart & Final Stores management team in years:

8.2
Average Tenure
61
Average Age
  • The average tenure for the Smart & Final Stores management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Hirz

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
63
TENURE
7.4 yrs

Richard Phegley

TITLE
Executive VP & CFO
COMPENSATION
$907K
AGE
62
TENURE
18.1 yrs

Derek Jones

TITLE
President of Cash & Carry Smart Foodservice Division
COMPENSATION
$1M
AGE
49
TENURE
2.2 yrs

Richard Link

TITLE
Chief Accounting Officer
AGE
63
TENURE
17.5 yrs

Scott Drew

TITLE
Executive Vice President of Administration
COMPENSATION
$2M
AGE
57

Leland Smith

TITLE
Senior VP
AGE
54
TENURE
3.4 yrs

Eleanor Hong

TITLE
Chief Marketing & Strategy Officer and Senior Vice President
COMPENSATION
$775K
AGE
42
TENURE
2.4 yrs

Jeff Whynot

TITLE
Senior Vice President of Human Resources
AGE
61
TENURE
19.4 yrs

Mike Mortensen

TITLE
Senior Vice President of Sales & Merchandising - Smart & Final
AGE
62
TENURE
8.9 yrs

Ed Wong

TITLE
Executive VP
COMPENSATION
$1M
AGE
61
Board of Directors Tenure

Average tenure and age of the Smart & Final Stores board of directors in years:

6.3
Average Tenure
63
Average Age
  • The tenure for the Smart & Final Stores board of directors is about average.
Board of Directors

David Kaplan

TITLE
Chairman of the Board
COMPENSATION
$61K
AGE
51
TENURE
6.6 yrs

Dave Hirz

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
63
TENURE
7.4 yrs

Andy Giancamilli

TITLE
Independent Director
COMPENSATION
$178K
AGE
67
TENURE
6.3 yrs

Joseph Tesoriero

TITLE
Independent Director
COMPENSATION
$206K
AGE
65
TENURE
4.9 yrs

Norman Axelrod

TITLE
Independent Director
COMPENSATION
$159K
AGE
66
TENURE
6.3 yrs

Dennis Gies

TITLE
Independent Director
COMPENSATION
$64K
AGE
39
TENURE
6.6 yrs

Ken Tuchman

TITLE
Director
COMPENSATION
$196K
AGE
67
TENURE
3.8 yrs

Paul Hopkins

TITLE
Director
COMPENSATION
$189K
AGE
61
TENURE
3.8 yrs

Elaine Rubin

TITLE
Independent Director
COMPENSATION
$164K
AGE
55
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Smart & Final Stores'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. Smart & Final Stores 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.

News

Simply Wall St News

At US$6.07, Is It Time To Put Smart & Final Stores, Inc. (NYSE:SFS) On Your Watch List?

Smart & Final Stores, Inc. … (NYSE:SFS), which is in the consumer retailing business, and is based in United States,. … Let’s take a look at Smart & Final Stores’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Estimating The Fair Value Of Smart & Final Stores, Inc. (NYSE:SFS)

Help shape the future of investing tools and you could win a $250 gift card! … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Is Smart & Final Stores Inc (NYSE:SFS) A Volatile Stock?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Is There Now An Opportunity In Smart & Final Stores Inc (NYSE:SFS)?

Smart & Final Stores Inc (NYSE:SFS), which is in the consumer retailing business, and is based in United States,. … A question to answer is whether Smart & Final Stores's current trading price of $5.04 reflective of the actual value of the? … Let’s take a look at Smart & Final Stores’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Smart & Final Stores Inc (NYSE:SFS) Expensive For A Reason? A Look At The Intrinsic Value

by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Smart & Final Stores Inc (NYSE:SFS): A Look At Return On Capital

and looking to gauge the potential return on investment in Smart & Final Stores Inc (NYSE:SFS). … Buying Smart & Final Stores makes you a partial owner of the company. … Therefore, looking at how efficiently Smart & Final Stores is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

What does Smart & Final Stores Inc's (NYSE:SFS) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Smart & Final Stores Inc (NYSE:SFS) with its market cap of US$457.72m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Consumer Retailing businesses operating in the environment facing headwinds from current disruption,

Simply Wall St -

Is It The Right Time To Buy Smart & Final Stores Inc (NYSE:SFS)?

Smart & Final Stores Inc (NYSE:SFS), a consumer retailing company based in United States,. … Let’s take a look at Smart & Final Stores’s outlook and value based on the most recent financial data to see if the opportunity still exists? … Check out our latest analysis for Smart & Final Stores.

Simply Wall St -

What Do Expectations Tell Us About Smart & Final Stores Inc's (NYSE:SFS) Margins In The Years Ahead?

To get some insight, I will try to evaluate Smart & Final Stores's margin behaviour to help recognise the underlying make-up of revenue and expenses that is responsible for driving future earnings expectations and what it means for SFS's returns relative to its competitors. … Margin Calculation for SFS Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 7.39 Million ÷ 4.50 Billion = 0.16% There has been a contraction in Smart & Final Stores's margin over the past five years, with a 8.70% average growth in revenue surpassing average net income growth of 7.61%, indicating that that a smaller percentage of revenue is being converted in to net income despite the top line growth. … Using Smart & Final Stores's margin expectations as a way to understand projections for the future It is expected that margins will move from contraction into expansion, with an expectation of 5.59% in annual revenue growth and a forecasted 39.61% in annual net income growth.

Simply Wall St -

What Should Investors Know About Smart & Final Stores Inc's (SFS) Future?

The consensus forecast from 8 analysts is extremely positive, with earnings per share estimated to surge from current levels of $0.129 to more than double over the next couple of years. … However, SFS’s earnings growth in the past couple of years has been negative at -32.87%. … Although its past performance is not supportive of a positive growth trend, it could also mean SFS is growing off a lower base, meaning a higher growth rate is easier to achieve.

Simply Wall St -

Company Info

Description

Smart & Final Stores, Inc. operates as a food retailer in the United States. It operates in two segments, Smart & Final and Smart Foodservice. The company’s stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies. It also provides various private label products under the First Street, Sun Harvest, Simply Value, La Romanella, Montecito, Iris, and Ambiance brands. The company sells its products to household and business customers; restaurants; caterers; and various other foodservice businesses, such as food trucks and coffee houses through vendors and suppliers. As of December 30, 2018, it operated 326 grocery and foodservice stores, including 59 Smart & Final stores, 201 Smart & Final Extra! stores, and 66 Smart Foodservice Warehouse stores located in California, Oregon, Washington, Arizona, Nevada, Idaho, Montana, and Utah, as well as 15 stores in Northwestern Mexico operated through a joint venture. Smart & Final Stores, Inc. was founded in 1871 and is headquartered in Commerce, California.

Details
Name: Smart & Final Stores, Inc.
SFS
Exchange: NYSE
Founded: 1871
$497,181,984
76,489,536
Website: http://www.smartandfinal.com
Address: Smart & Final Stores, Inc.
600 Citadel Drive,
Commerce,
California, 90040,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SFS Common Stock New York Stock Exchange US USD 25. Sep 2014
DB 6SM Common Stock Deutsche Boerse AG DE EUR 25. Sep 2014
Number of employees
Current staff
Staff numbers
7,921
Smart & Final Stores employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/21 00:45
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/19
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/24
Last annual earnings reported: 2018/12/30


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.