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WMK

Weis Markets NYSE:WMK Stock Report

Last Price

US$71.24

Market Cap

US$1.9b

7D

-1.5%

1Y

35.0%

Updated

30 Sep, 2022

Data

Company Financials
WMK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

WMK Stock Overview

Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states.

Weis Markets Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Weis Markets
Historical stock prices
Current Share PriceUS$71.24
52 Week HighUS$86.76
52 Week LowUS$52.39
Beta0.13
1 Month Change-8.33%
3 Month Change-4.41%
1 Year Change35.00%
3 Year Change94.33%
5 Year Change55.95%
Change since IPO137.47%

Recent News & Updates

Sep 01
Returns Are Gaining Momentum At Weis Markets (NYSE:WMK)

Returns Are Gaining Momentum At Weis Markets (NYSE:WMK)

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

Aug 17
With EPS Growth And More, Weis Markets (NYSE:WMK) Makes An Interesting Case

With EPS Growth And More, Weis Markets (NYSE:WMK) Makes An Interesting Case

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Aug 16

Weis Markets: Balance Sheet Trends Point To Further Gains

Shares have been on a tear for the past 30 months now. Although shares look stretched above support and short interest has remained above 10%, do not wait for a pullback. Strong trends in cash, liquidity, ROA & ROE point to the bullish trend continuing for now. Intro Shares of Weis Markets, Inc. (WMK) have been on an absolute tear over the past 30 months or so. In fact, as we see from the technical chart below, shares have remained above their 200-day moving average since that significant move to the upside back in early 2020. The question now is whether investors may continue to ride this trend upward. Although shares remain well above their 200-day moving average and over 11% of the float is shorted at present, this has not stopped shares from rallying aggressively to the upside. Suffice it to say, from a technical standpoint initially, shares of Weis Markets look more likely to continue rallying than to reverse at this stage. This is something that value investors especially find difficult to get their heads around. Value investors are used to investing against the grain which usually means their respective stocks have been badly beaten up by the market. Weis Markets though (despite its incessant rally) is by no means expensive at its present juncture. Shares trade with a trailing sales multiple of 0.49 and a trailing price to cash-flow multiple of 10.24. Suffice it to say, if Weis' operating profit can continue to grow by up to 10% a year based on the above-mentioned multiples, then there is every chance, that we are only in the initial innings of this bullish move. Weis Markets Continuing Its Ascent (Stockcharts.com) Whereas many investors focus on profitability metrics and the growth of the same when stocks are in bullish mode, it can be hard to decipher forward-looking growth rates just from this practice. What we like to look at is how the financial condition of Weis Markets has changed during this latest up-move as trends on the balance sheet can give us insights on whether this rally can be sustained. We will go through a period of the previous nine quarters which is in line with the significant up-move in shares of Weis Markets in recent times. Cash & ST Investments For the most part, the more cash Weis Markets has the better as this cash can be used for investing purposes and rewarding shareholders. Weis Markets reported just over $300 million of cash & short-term investments at the end of its fiscal second quarter. This is an increase of roughly $80 million over the corresponding figure at the end of Q1 ($220 million) in 2020. All things being equal, a 36% growth rate in cash & ST investments is a solid return over the past nine quarters considering quarterly sales are up approximately 15% in this time period. Shares of Weis Markets now trade for just over 7 times its liquid cash position. Current Ratio Many times, a company can decide to sacrifice liquidity in the short-term to boost returns and more importantly keep customers serviced. An elevated current ratio is a type of insurance in the event operations for some reason needed to come to a standstill and cash was needed quickly. At the end of Q2 this year, Weis' current ratio came in at 2.07 which means it has climbed approximately 21% over the past nine quarters. Even if we strip off the retailer's inventory, the quick ratio at present comes in at 1.18 versus 0.99 for the same metric at the end of Q1 in 2020. Bottom line; liquidity in Weis Markets continues to improve. Net Property, Plant & Equipment The lion's share of Weis' non-current assets and the retailer's largest asset line-item, in general, is its stores or Property, Plant & Equipment. At the end of Q2, this line item came in at $1.15 billion which was only $57 million or 5% above the corresponding number at the end of Q1 in fiscal 2020. Suffice it to say, since sales and earnings growth easily have easily beaten 5% over the past 9 quarters, this means Weis Markets' assets returned more earnings over the past nine quarters. This is exactly the trend we want to see as based on current trends, a larger number of assets should automatically result in accelerated earnings, all things remaining equal. Return On Assets

Aug 01

Weis Markets GAAP EPS of $1.35, revenue of $1.14B

Weis Markets press release (NYSE:WMK): Q2 GAAP EPS of $1.35. Revenue of $1.14B (+8.6% Y/Y). Shares -0.32% AH.

Shareholder Returns

WMKUS Consumer RetailingUS Market
7D-1.5%-0.5%-2.5%
1Y35.0%-4.3%-23.2%

Return vs Industry: WMK exceeded the US Consumer Retailing industry which returned -3.6% over the past year.

Return vs Market: WMK exceeded the US Market which returned -21.5% over the past year.

Price Volatility

Is WMK's price volatile compared to industry and market?
WMK volatility
WMK Average Weekly Movement3.3%
Consumer Retailing Industry Average Movement4.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: WMK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: WMK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191224,000Jonathan Weishttps://www.weismarkets.com

Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products. It operates stores primarily under the Weis Markets name, as well as Weis, Weis 2 Go, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts.

Weis Markets Fundamentals Summary

How do Weis Markets's earnings and revenue compare to its market cap?
WMK fundamental statistics
Market CapUS$1.92b
Earnings (TTM)US$118.78m
Revenue (TTM)US$4.41b

16.1x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WMK income statement (TTM)
RevenueUS$4.41b
Cost of RevenueUS$3.23b
Gross ProfitUS$1.18b
Other ExpensesUS$1.06b
EarningsUS$118.78m

Last Reported Earnings

Jun 25, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.42
Gross Margin26.71%
Net Profit Margin2.69%
Debt/Equity Ratio0%

How did WMK perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is WMK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WMK?

Other financial metrics that can be useful for relative valuation.

WMK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA6.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does WMK's PE Ratio compare to its peers?

WMK PE Ratio vs Peers
The above table shows the PE ratio for WMK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.9x
IMKT.A Ingles Markets
5.5xn/aUS$1.5b
SFM Sprouts Farmers Market
11.9x-0.9%US$3.0b
GO Grocery Outlet Holding
58.2x22.0%US$3.2b
CASY Casey's General Stores
20.2x3.7%US$7.5b
WMK Weis Markets
16.1xn/aUS$1.9b

Price-To-Earnings vs Peers: WMK is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (23.9x).


Price to Earnings Ratio vs Industry

How does WMK's PE Ratio compare vs other companies in the US Consumer Retailing Industry?

Price-To-Earnings vs Industry: WMK is good value based on its Price-To-Earnings Ratio (16.1x) compared to the US Consumer Retailing industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is WMK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WMK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WMK's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of WMK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WMK ($71.24) is trading above our estimate of fair value ($49.2)

Significantly Below Fair Value: WMK is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Weis Markets forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.5%

Forecasted Consumer Retailing industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Weis Markets has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Check out Weis Markets's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  • Weis Markets competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Weis Markets performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WMK has high quality earnings.

Growing Profit Margin: WMK's current net profit margins (2.7%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: WMK's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: WMK's earnings growth over the past year (9.4%) exceeds its 5-year average (7.6% per year).

Earnings vs Industry: WMK earnings growth over the past year (9.4%) underperformed the Consumer Retailing industry 20.2%.


Return on Equity

High ROE: WMK's Return on Equity (9.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Weis Markets's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WMK's short term assets ($705.3M) exceed its short term liabilities ($341.4M).

Long Term Liabilities: WMK's short term assets ($705.3M) exceed its long term liabilities ($322.0M).


Debt to Equity History and Analysis

Debt Level: WMK is debt free.

Reducing Debt: WMK has no debt compared to 5 years ago when its debt to equity ratio was 5.6%.

Debt Coverage: WMK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: WMK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.80%

Current Dividend Yield

Dividend Yield vs Market

Weis Markets Dividend Yield vs Market
How does Weis Markets dividend yield compare to the market?
SegmentDividend Yield
Company (Weis Markets)1.8%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Consumer Retailing)1.7%
Analyst forecast in 3 Years (Weis Markets)n/a

Notable Dividend: WMK's dividend (1.8%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: WMK's dividend (1.8%) is low compared to the top 25% of dividend payers in the US market (4.7%).


Stability and Growth of Payments

Stable Dividend: WMK's dividends per share have been stable in the past 10 years.

Growing Dividend: WMK's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.8%), WMK's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (40.7%), WMK's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

8.8yrs

Average management tenure


CEO

Jonathan Weis (54 yo)

26.67yrs

Tenure

US$9,601,709

Compensation

Mr. Jonathan H. Weis serves as Member of Advisory Board at Pearl Holdings Acquisitions Corp. He has been the Chief Executive Officer and President at Weis Markets, Inc. since February 11, 2014 and served a...


CEO Compensation Analysis

Jonathan Weis's Compensation vs Weis Markets Earnings
How has Jonathan Weis's remuneration changed compared to Weis Markets's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 25 2022n/an/a

US$119m

Mar 26 2022n/an/a

US$116m

Dec 25 2021US$10mUS$1m

US$109m

Sep 25 2021n/an/a

US$106m

Jun 26 2021n/an/a

US$108m

Mar 27 2021n/an/a

US$116m

Dec 26 2020US$9mUS$1m

US$119m

Sep 26 2020n/an/a

US$118m

Jun 27 2020n/an/a

US$101m

Mar 28 2020n/an/a

US$80m

Dec 28 2019US$7mUS$1m

US$68m

Sep 28 2019n/an/a

US$62m

Jun 29 2019n/an/a

US$62m

Mar 30 2019n/an/a

US$61m

Dec 29 2018US$6mUS$1m

US$63m

Sep 29 2018n/an/a

US$113m

Jun 30 2018n/an/a

US$103m

Mar 31 2018n/an/a

US$103m

Dec 30 2017US$3mUS$1m

US$98m

Sep 30 2017n/an/a

US$76m

Jul 01 2017n/an/a

US$82m

Apr 01 2017n/an/a

US$79m

Dec 31 2016US$5mUS$923k

US$87m

Sep 24 2016n/an/a

US$63m

Jun 25 2016n/an/a

US$65m

Mar 26 2016n/an/a

US$66m

Dec 26 2015US$5mUS$884k

US$59m

Compensation vs Market: Jonathan's total compensation ($USD9.60M) is above average for companies of similar size in the US market ($USD5.59M).

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


Leadership Team

Experienced Management: WMK's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: WMK's board of directors are seasoned and experienced ( 11.4 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

NYSE:WMK Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
09 Dec 21BuyUS$183,000Michael LockardIndividual3,000US$61.00
09 Nov 21BuyUS$6,217Robert GleesonIndividual100US$62.17

Ownership Breakdown

What is the ownership structure of WMK?
Owner TypeNumber of SharesOwnership Percentage
General Public5,926,51522.0%
Institutions10,375,41738.6%
Individual Insiders10,596,51139.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 72.79% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
39.32%
Jonathan Weis
10,575,797$753.4m0%no data
7.45%
Dimensional Fund Advisors LP
2,004,762$142.8m1.84%0.04%
6.52%
The Vanguard Group, Inc.
1,753,474$124.9m0.92%no data
4.79%
BlackRock, Inc.
1,288,917$91.8m1.05%no data
1.56%
Renaissance Technologies LLC
419,636$29.9m4.72%0.04%
1.44%
State Street Global Advisors, Inc.
387,231$27.6m8.66%no data
1.35%
LSV Asset Management
362,326$25.8m-27.24%0.06%
1.27%
BNY Mellon Asset Management
340,509$24.3m-0.79%0.01%
1.22%
Geode Capital Management, LLC
327,032$23.3m11.31%no data
1.01%
Charles Schwab Investment Management, Inc.
271,195$19.3m8.36%0.01%
0.87%
Northern Trust Global Investments
234,181$16.7m-3.1%no data
0.84%
Victory Capital Management Inc.
224,783$16.0m-0.94%0.02%
0.65%
Boston Partners Global Investors, Inc.
173,982$12.4m-0.22%0.01%
0.59%
Vestcor Inc.
159,277$11.3m7.04%0.45%
0.59%
Bridgeway Capital Management, LLC
158,925$11.3m0%0.27%
0.52%
Invesco Capital Management LLC
140,226$10.0m28.23%0.01%
0.49%
Norges Bank Investment Management
131,525$9.4m0%no data
0.44%
American Century Investment Management Inc
119,174$8.5m25.95%0.01%
0.4%
Arrowstreet Capital, Limited Partnership
107,263$7.6m-36.88%0.01%
0.32%
Eaton Vance Management
85,924$6.1m5.4%no data
0.26%
Morgan Stanley, Investment Banking and Brokerage Investments
71,063$5.1m-22.83%no data
0.26%
Marshall Wace LLP
69,160$4.9m116.22%0.01%
0.23%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
61,012$4.3m-2.59%no data
0.21%
Allspring Global Investments, LLC
55,589$4.0m24.06%0.01%
0.21%
First Trust Advisors LP
55,339$3.9m-39.38%no data

Company Information

Weis Markets, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Weis Markets, Inc.
  • Ticker: WMK
  • Exchange: NYSE
  • Founded: 1912
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Implied Market Cap: US$1.916b
  • Shares outstanding: 26.90m
  • Website: https://www.weismarkets.com

Number of Employees


Location

  • Weis Markets, Inc.
  • 1000 South Second Street
  • PO Box 471
  • Sunbury
  • Pennsylvania
  • 17801-0471
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WMKNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/25
Annual Earnings2021/12/25


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.