NYSE:UNFI

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Executive Summary

United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. More Details


Snowflake Analysis

Undervalued with concerning outlook.


Similar Companies

Share Price & News

How has United Natural Foods's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UNFI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: UNFI's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

19.1%

UNFI

-0.6%

US Consumer Retailing

-0.4%

US Market


1 Year Return

438.5%

UNFI

9.2%

US Consumer Retailing

36.2%

US Market

Return vs Industry: UNFI exceeded the US Consumer Retailing industry which returned 9.2% over the past year.

Return vs Market: UNFI exceeded the US Market which returned 36.2% over the past year.


Shareholder returns

UNFIIndustryMarket
7 Day19.1%-0.6%-0.4%
30 Day19.1%-7.9%-2.9%
90 Day72.8%-8.3%5.0%
1 Year438.5%438.5%11.7%9.2%39.1%36.2%
3 Year-31.4%-31.4%45.2%36.9%48.4%39.0%
5 Year-20.5%-20.5%75.2%57.2%116.5%92.4%

Long-Term Price Volatility Vs. Market

How volatile is United Natural Foods's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is United Natural Foods undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: UNFI ($31.5) is trading below our estimate of fair value ($116.81)

Significantly Below Fair Value: UNFI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: UNFI is good value based on its PE Ratio (13.5x) compared to the US Consumer Retailing industry average (15.6x).

PE vs Market: UNFI is good value based on its PE Ratio (13.5x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: UNFI is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: UNFI is good value based on its PB Ratio (1.5x) compared to the US Consumer Retailing industry average (2.8x).


Next Steps

Future Growth

How is United Natural Foods forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UNFI's forecast earnings growth (13.2% per year) is above the savings rate (2%).

Earnings vs Market: UNFI's earnings (13.2% per year) are forecast to grow slower than the US market (19.2% per year).

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

Revenue vs Market: UNFI's revenue (1.8% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: UNFI's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UNFI's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has United Natural Foods performed over the past 5 years?

-50.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UNFI has a large one-off loss of $116.4M impacting its October 31 2020 financial results.

Growing Profit Margin: UNFI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: UNFI's earnings have declined by 50.4% per year over the past 5 years.

Accelerating Growth: UNFI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: UNFI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (65%).


Return on Equity

High ROE: UNFI's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is United Natural Foods's financial position?


Financial Position Analysis

Short Term Liabilities: UNFI's short term assets ($3.9B) exceed its short term liabilities ($2.4B).

Long Term Liabilities: UNFI's short term assets ($3.9B) do not cover its long term liabilities ($4.3B).


Debt to Equity History and Analysis

Debt Level: UNFI's debt to equity ratio (240.2%) is considered high.

Reducing Debt: UNFI's debt to equity ratio has increased from 35.1% to 240.2% over the past 5 years.

Debt Coverage: UNFI's debt is not well covered by operating cash flow (19.4%).

Interest Coverage: UNFI's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Next Steps

Dividend

What is United Natural Foods's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate UNFI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate UNFI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if UNFI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if UNFI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of UNFI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Steve Spinner (60 yo)

12.5yrs

Tenure

US$8,864,168

Compensation

Mr. Steven L. Spinner, also known as Steve, has been the Chief Executive Officer of United Natural Foods, Inc. (UNFI) since September 2008 and served as its President since September 2008 until August 1, 2...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD8.86M) is above average for companies of similar size in the US market ($USD3.62M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Spinner
Chairman & CEO12.5yrsUS$8.86m0.68%
$ 12.0m
Christopher Testa
President2.58yrsUS$2.26m0.093%
$ 1.6m
Michael Funk
Co-Founder & Director25.08yrsUS$252.00k0.13%
$ 2.4m
John Howard
Chief Financial Officer1.58yrsUS$2.22m0.011%
$ 197.5k
Eric Dorne
Chief Operating Officer1yrUS$2.13m0.082%
$ 1.5m
Jill Sutton
Chief Legal Officer2.83yrsUS$1.73m0.042%
$ 734.7k
Richard Esper
Chief Accounting Officer & Controller0.33yrno datano data
John Clare
Chief Information Officer1yrno datano data
Steven Bloomquist
Vice President Investor Relationsno datano datano data
Jeffrey Swanson
Vice President of Corporate Communications & Media Relationsno datano datano data
Danielle Benedict
Chief Human Resource Officer3.5yrsno data0.043%
$ 758.6k
Craig Smith
Senior Vice President of Fresh Sales4.58yrsUS$1.05mno data

2.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: UNFI's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Spinner
Chairman & CEO12.5yrsUS$8.86m0.68%
$ 12.0m
Michael Funk
Co-Founder & Director25.08yrsUS$252.00k0.13%
$ 2.4m
Daphne Dufresne
Independent Director4.42yrsUS$254.39k0.062%
$ 1.1m
Peter Roy
Lead Independent Director1.5yrsUS$302.89k0.14%
$ 2.4m
James Heffernan
Advisor to the Board0.17yrUS$272.00k0.089%
$ 1.6m
Jack Stahl
Independent Director1.75yrsUS$296.83k0.046%
$ 817.5k
James Muehlbauer
Independent Director1.92yrsUS$325.23k0.11%
$ 1.9m
Ann Bates
Independent Director7.42yrsUS$282.00k0.10%
$ 1.8m
Eric Artz
Independent Director5.42yrsUS$252.00k0.068%
$ 1.2m
Denise Clark
Independent Director8.08yrsUS$270.50k0.080%
$ 1.4m
Gloria Boyland
Independent Director0.17yrno datano data

4.3yrs

Average Tenure

62yo

Average Age

Experienced Board: UNFI's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.


Top Shareholders

Company Information

United Natural Foods, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Natural Foods, Inc.
  • Ticker: UNFI
  • Exchange: NYSE
  • Founded: 1976
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Market Cap: US$1.768b
  • Shares outstanding: 56.14m
  • Website: https://www.unfi.com

Number of Employees


Location

  • United Natural Foods, Inc.
  • 313 Iron Horse Way
  • Providence
  • Rhode Island
  • 2908
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UNFINYSE (New York Stock Exchange)YesCommon StockUSUSDNov 1996
UN3DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1996

Biography

United Natural Foods, Inc., together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 23:09
End of Day Share Price2021/03/05 00:00
Earnings2020/10/31
Annual Earnings2020/08/01


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.