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Monro

Nasdaq:MNRO
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MNRO
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States. The last earnings update was 51 days ago. More info.


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MNRO Share Price and Events
7 Day Returns
-8.2%
NasdaqGS:MNRO
-0.2%
US Specialty Retail
-0.3%
US Market
1 Year Returns
11.8%
NasdaqGS:MNRO
3%
US Specialty Retail
3.9%
US Market
MNRO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Monro (MNRO) -8.2% -12.8% -6% 11.8% 18.8% 48.5%
US Specialty Retail -0.2% 3% -3.4% 3% 26.6% 51.9%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • MNRO outperformed the Specialty Retail industry which returned 3% over the past year.
  • MNRO outperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
MNRO
Industry
5yr Volatility vs Market

MNRO Value

 Is Monro 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 Monro 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 Monro.

NasdaqGS:MNRO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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 NasdaqGS:MNRO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 21%) (15.66%))
0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.956 * 5.96%)
8.43%

Discounted Cash Flow Calculation for NasdaqGS:MNRO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Monro 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.

NasdaqGS:MNRO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.43%)
2020 117.84 Est @ 6.55% 108.68
2021 124.21 Est @ 5.4% 105.65
2022 129.92 Est @ 4.6% 101.92
2023 135.17 Est @ 4.04% 97.79
2024 140.10 Est @ 3.65% 93.48
2025 144.82 Est @ 3.37% 89.12
2026 149.43 Est @ 3.18% 84.81
2027 153.98 Est @ 3.04% 80.60
2028 158.52 Est @ 2.95% 76.52
2029 163.09 Est @ 2.88% 72.61
Present value of next 10 years cash flows $911.17
NasdaqGS:MNRO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $163.09 × (1 + 2.73%) ÷ (8.43% – 2.73%)
$2,940.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,940.14 ÷ (1 + 8.43%)10
$1,308.97
NasdaqGS:MNRO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $911.17 + $1,308.97
$2,220.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,220.14 / 33.22
$66.83
NasdaqGS:MNRO Discount to Share Price
Calculation Result
Value per share (USD) From above. $66.83
Current discount Discount to share price of $76.50
= -1 x ($76.50 - $66.83) / $66.83
-14.5%

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

  • The current share price of Monro 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 Monro's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Monro's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MNRO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $2.41
NasdaqGS:MNRO Share Price ** NasdaqGS (2019-07-19) in USD $76.5
United States of America Specialty Retail Industry PE Ratio Median Figure of 62 Publicly-Listed Specialty Retail Companies 14.72x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

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

** Primary Listing of Monro.

NasdaqGS:MNRO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MNRO Share Price ÷ EPS (both in USD)

= 76.5 ÷ 2.41

31.8x

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

  • Monro is overvalued based on earnings compared to the US Specialty Retail industry average.
  • Monro is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Monro's expected growth come at a high price?
Raw Data
NasdaqGS:MNRO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12.1%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 55 Publicly-Listed Specialty Retail Companies 1.72x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:MNRO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.8x ÷ 12.1%

2.62x

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

  • Monro is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Monro's assets?
Raw Data
NasdaqGS:MNRO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $21.10
NasdaqGS:MNRO Share Price * NasdaqGS (2019-07-19) in USD $76.5
United States of America Specialty Retail Industry PB Ratio Median Figure of 99 Publicly-Listed Specialty Retail Companies 1.33x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NasdaqGS:MNRO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MNRO Share Price ÷ Book Value per Share (both in USD)

= 76.5 ÷ 21.10

3.63x

* Primary Listing of Monro.

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

  • Monro is overvalued based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Monro'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Monro has a total score of 0/6, 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.

MNRO Future Performance

 How is Monro expected to perform in the next 1 to 3 years based on estimates from 7 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
12.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Monro expected to grow at an attractive rate?
  • Monro's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Monro's earnings growth is positive but not above the United States of America market average.
  • Monro's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MNRO Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MNRO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12.1%
NasdaqGS:MNRO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 7.2%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 10%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
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
NasdaqGS:MNRO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MNRO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 1,387 101 7
2020-03-31 1,307 90 7
2019-03-31 1,204 80 6
NasdaqGS:MNRO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 1,200 153 79
2018-12-29 1,199 153 80
2018-09-29 1,174 122 71
2018-06-30 1,145 130 67
2018-03-31 1,128 121 64
2017-12-23 1,094 125 56
2017-09-23 1,097 137 62
2017-06-24 1,065 150 62
2017-03-25 1,022 130 61
2016-12-24 999 147 65
2016-09-24 949 149 63
2016-06-25 942 117 64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Monro's earnings are expected to grow by 12.1% yearly, however this is not considered high growth (20% yearly).
  • Monro's revenue is expected to grow by 7.2% 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
NasdaqGS:MNRO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Monro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MNRO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 2.99 3.07 2.85 5.00
2020-03-31 2.66 2.73 2.59 5.00
2019-03-31 2.39 2.40 2.37 4.00
NasdaqGS:MNRO Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 2.41
2018-12-29 2.43
2018-09-29 2.16
2018-06-30 2.03
2018-03-31 1.94
2017-12-23 1.70
2017-09-23 1.89
2017-06-24 1.90
2017-03-25 1.88
2016-12-24 2.02
2016-09-24 1.95
2016-06-25 2.00

*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.
  • Unable to establish if Monro will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Monro'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.
Monro 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.

MNRO Past Performance

  How has Monro 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 Monro's growth in the last year to its industry (Specialty Retail).
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.
  • Monro's year on year earnings growth rate has been positive over the past 5 years.
  • Monro's 1-year earnings growth exceeds its 5-year average (25% vs 4.2%)
  • Monro's earnings growth has exceeded the US Specialty Retail industry average in the past year (25% vs 11.1%).
Earnings and Revenue History
Monro'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 Monro Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MNRO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 1,200.23 79.34 331.49
2018-12-29 1,198.61 80.02 327.85
2018-09-29 1,174.22 71.10 317.18
2018-06-30 1,145.14 66.62 306.86
2018-03-31 1,127.82 63.57 302.63
2017-12-23 1,094.25 55.75 298.88
2017-09-23 1,096.80 61.71 297.92
2017-06-24 1,064.71 61.95 291.87
2017-03-25 1,021.51 61.08 280.51
2016-12-24 998.53 65.29 272.11
2016-09-24 949.19 62.95 266.52
2016-06-25 942.42 64.29 265.08
2016-03-26 943.65 66.35 265.11
2015-12-26 933.75 65.01 258.75
2015-09-26 931.36 65.78 254.05
2015-06-27 913.51 63.26 247.96
2015-03-28 894.49 61.40 243.56
2014-12-27 878.60 60.78 239.02
2014-09-27 858.75 60.14 232.18
2014-06-28 842.77 57.47 229.47
2014-03-29 831.43 54.13 224.63
2013-12-28 824.10 50.43 222.02
2013-09-28 797.84 46.28 217.40
2013-06-29 768.99 44.19 210.29
2013-03-30 732.00 42.26 204.44
2012-12-29 707.83 44.57 196.47
2012-09-29 694.13 46.95 190.84

*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.
  • Monro has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Monro used its assets more efficiently than the US Specialty Retail industry average last year based on Return on Assets.
  • Monro's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Monro'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 Specialty Retail 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.
Monro has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

MNRO Health

 How is Monro'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 Monro's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Monro is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Monro's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Monro'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 Monro Company Filings, last reported 3 months ago.

NasdaqGS:MNRO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 699.51 137.72 6.21
2018-12-29 686.13 141.25 3.58
2018-09-29 663.34 171.88 2.17
2018-06-30 644.22 178.17 12.66
2018-03-31 628.48 148.11 1.91
2017-12-23 614.62 172.71 7.85
2017-09-23 607.68 169.67 6.37
2017-06-24 593.95 173.59 6.55
2017-03-25 581.25 182.36 9.00
2016-12-24 574.03 198.75 6.46
2016-09-24 563.51 210.23 7.23
2016-06-25 549.88 140.86 4.72
2016-03-26 536.20 103.32 7.99
2015-12-26 524.05 138.13 4.17
2015-09-26 508.91 155.47 1.30
2015-06-27 492.98 127.24 7.71
2015-03-28 473.61 122.54 7.73
2014-12-27 458.38 155.15 4.62
2014-09-27 445.34 160.32 7.76
2014-06-28 430.94 112.43 2.35
2014-03-29 415.98 106.50 1.21
2013-12-28 404.41 112.48 4.91
2013-09-28 391.18 119.37 2.07
2013-06-29 379.23 103.97 1.44
2013-03-30 365.04 127.85 1.46
2012-12-29 355.30 124.21 7.56
2012-09-29 348.34 47.77 1.91
  • Monro's level of debt (56.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46.7% vs 56.9% today).
  • Debt is well covered by operating cash flow (38.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5x coverage).
X
Financial health checks
We assess Monro'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. Monro has a total score of 3/6, 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.

MNRO Dividends

 What is Monro'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
1.05%
Current annual income from Monro dividends. Estimated to be 1.12% next year.
If you bought $2,000 of Monro shares you are expected to receive $21 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?
  • Monro's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Monro's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
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
NasdaqGS:MNRO 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 7 Analyst Estimates (S&P Global) See Below
United States of America Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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.

NasdaqGS:MNRO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.88 2.00
2020-03-31 0.84 2.00
2019-03-31 0.78 2.00
NasdaqGS:MNRO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.800 0.978
2018-11-29 0.800 1.090
2018-08-15 0.800 1.119
2018-05-21 0.800 1.293
2018-02-16 0.720 1.328
2017-12-01 0.720 1.277
2017-08-21 0.720 1.434
2017-08-03 0.720 1.559
2017-07-20 0.720 1.544
2017-05-24 0.720 1.599
2017-05-18 0.720 1.433
2016-12-02 0.680 1.229
2016-08-10 0.680 1.175
2016-08-04 0.680 1.140
2016-07-28 0.680 1.093
2016-02-22 0.600 0.902
2015-12-04 0.600 0.917
2015-08-05 0.600 0.875
2015-07-23 0.600 0.957
2015-02-25 0.520 0.828
2014-12-05 0.520 0.889
2014-08-06 0.520 1.012
2014-07-24 0.520 1.012
2014-03-06 0.440 0.799
2013-12-09 0.440 0.790
2013-10-31 0.440 0.887
2013-10-24 0.440 0.955
2013-07-30 0.440 0.982
2013-07-25 0.440 1.003
2012-12-04 0.400 0.998
2012-11-08 0.400 1.236
2012-10-26 0.400 1.178
2012-05-24 0.400 1.156
2012-02-21 0.360 0.868
2011-12-05 0.360 0.881
2011-07-21 0.360 0.990
2011-05-17 0.320 0.952
2011-02-17 0.320 1.012
2010-11-15 0.320 0.955
2010-08-11 0.240 0.798
2010-04-06 0.240 0.951
2009-12-07 0.187 0.830
2009-09-01 0.187 0.916
2009-05-28 0.187 1.084
2009-04-14 0.160 0.937
2009-01-07 0.160 0.968
2008-10-07 0.160 1.151

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 Monro's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Monro'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 Monro afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Monro has a total score of 4/6, see the detailed checks below.


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

MNRO Management

 What is the CEO of Monro'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
Brett Ponton
COMPENSATION $5,746,878
AGE 49
TENURE AS CEO 1.8 years
CEO Bio

Mr. Brett T. Ponton has been the President of Monro, Inc. (formerly, Monro Muffler Brake, Inc.) since August 1, 2017, Chief Executive Officer since October 2, 2017 and Director since December 8, 2017. Mr. Ponton served as Chief Executive Officer and President of American Driveline Systems, Inc. at Cottman Transmission Systems, LLC from September 2013 until July 2017. He joined American Driveline in 2013 from Heartland Automotive. ?He has knowledge in marketing, store operations, strategic planning, finance and accounting and risk management. He has leadership skills as a senior officer of several different companies. Mr. Ponton served as the President and Chief Executive Officer at Heartland Automotive Services, Inc. since September 2009 until September 2013. Mr. Ponton served as the Vice President and General Manager for the Asia Pacific Region of Veyance Technologies, a spinoff from Goodyear based in Melbourne, Australia, where he had responsibility for running all Asian operations for this global company. Prior to joining Veyance, Mr. Ponton spent 18 years at Goodyear Tire & Rubber Company, beginning in 1991, where he served as Vice President of North American Consumer Retail at The Goodyear Tire & Rubber Company since November 2005. During his tenure with Goodyear and its affiliates, Mr. Ponton led the 800-store Goodyear retail division and was at one time responsible for all marketing functions for Goodyear’s multi-billion dollar tire business in North America. Mr. Ponton studied BS in Finance at the University of Nebraska, Lincoln from 1988 to 1992.

CEO Compensation
  • Insufficient data for Brett to compare compensation growth.
  • Brett's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Monro management team in years:

1.8
Average Tenure
48.5
Average Age
  • The average tenure for the Monro management team is less than 2 years, this suggests a new team.
Management Team

Brett Ponton

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
49
TENURE
1.8 yrs

Brian D'Ambrosia

TITLE
Executive VP of Finance
COMPENSATION
$292K
AGE
45
TENURE
2.5 yrs

Maureen Mulholland

TITLE
Senior VP
COMPENSATION
$296K
AGE
48
TENURE
15.8 yrs

Deborah Brundage

TITLE
Chief Marketing Officer & Senior VP
COMPENSATION
$380K
AGE
44
TENURE
1.3 yrs

Samuel Senuk

TITLE
Senior Vice President of Store Operations
AGE
51

Avi Dasgupta

TITLE
Chief Information Officer & Senior VP
AGE
48
TENURE
0.8 yrs

Jerry Alessia

TITLE
Senior VP & Chief Merchandising Officer
AGE
51
TENURE
1 yrs

Cathy D'Amico

TITLE
Director of Special Projects
COMPENSATION
$353K
AGE
63
TENURE
2.5 yrs
Board of Directors Tenure

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

3.9
Average Tenure
71
Average Age
  • The tenure for the Monro board of directors is about average.
Board of Directors

Robert Mellor

TITLE
Independent Chairman
COMPENSATION
$246K
AGE
75
TENURE
1.9 yrs

Brett Ponton

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
49
TENURE
1.6 yrs

Mike Danziger

TITLE
Independent Director
COMPENSATION
$223K
AGE
80
TENURE
35 yrs

Donald Glickman

TITLE
Director
COMPENSATION
$222K
AGE
86
TENURE
35 yrs

Stephen McCluski

TITLE
Independent Director
COMPENSATION
$236K
AGE
67
TENURE
5.9 yrs

Peter Solomon

TITLE
Independent Director
COMPENSATION
$190K
AGE
80
TENURE
35 yrs

John Auerbach

TITLE
Director
COMPENSATION
$159K
AGE
41
TENURE
1.9 yrs

Lindsay Hyde

TITLE
Director
COMPENSATION
$159K
AGE
37
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Sep 18 Sell John Auerbach Individual 22. Aug 18 22. Aug 18 -750 $70.03 $-52,523
04. Sep 18 Sell Peter Solomon Individual 30. Aug 18 30. Aug 18 -5,000 $70.61 $-352,400
30. Aug 18 Sell Peter Solomon Individual 29. Aug 18 29. Aug 18 -10,000 $70.74 $-704,795
27. Aug 18 Sell Peter Solomon Individual 23. Aug 18 23. Aug 18 -20,000 $71.26 $-1,423,304
22. Aug 18 Sell Peter Solomon Individual 21. Aug 18 21. Aug 18 -15,000 $71.13 $-1,065,927
21. Aug 18 Sell Peter Solomon Individual 17. Aug 18 20. Aug 18 -15,000 $70.52 $-1,055,266
07. Aug 18 Sell Donald Glickman Individual 02. Aug 18 07. Aug 18 -10,000 $70.77 $-696,613
X
Management checks
We assess Monro'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. Monro 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.

MNRO News

Simply Wall St News

Have Insiders Been Selling Monro, Inc. (NASDAQ:MNRO) Shares This Year?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Monro Monro Insider Transactions Over The Last Year The Independent Director, Peter Solomon, made the biggest insider sale in the last 12 months. … NasdaqGS:MNRO Recent Insider Trading, July 5th 2019 Does Monro Boast High Insider Ownership? … A high insider ownership often makes company leadership more mindful of shareholder interests.

Simply Wall St -

Why Monro, Inc.'s (NASDAQ:MNRO) High P/E Ratio Isn't Necessarily A Bad Thing

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Monro: P/E of 36.29 = $87.31 ÷ $2.41 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … A higher P/E ratio means that buyers have to pay a higher price for each $1 the company has earned over the last year. … Earnings growth means that in the future the 'E' will be higher.

Simply Wall St -

Why Monro, Inc.'s (NASDAQ:MNRO) High P/E Ratio Isn't Necessarily A Bad Thing

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Monro: P/E of 36.29 = $87.31 ÷ $2.41 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … Most would be impressed by Monro earnings growth of 24% in the last year. … As you can see below, Monro has a higher P/E than the average company (14.9) in the specialty retail industry.

Simply Wall St -

Do You Know About Monro, Inc.’s (NASDAQ:MNRO) ROCE?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Monro: 0.12 = US$134m ÷ (US$1.3b - US$218m) (Based on the trailing twelve months to March 2019.) Therefore, Monro has an ROCE of 12%.

Simply Wall St -

Has Monro, Inc. (NASDAQ:MNRO) Improved Earnings Growth In Recent Times?

(NASDAQ:MNRO) released its most recent earnings update (30 March 2019), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Monro's average earnings over the past couple of years, and its industry performance. … You should continue to research Monro to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for MNRO’s future growth?

Simply Wall St -

Monro, Inc. (NASDAQ:MNRO): The Best Of Both Worlds

Proven track record average dividend payer In the previous year, MNRO has ramped up its bottom line by 42%, with its latest earnings level surpassing its average level over the last five years. … NasdaqGS:MNRO Income Statement, May 20th 2019 Income investors would also be happy to know that MNRO is a great dividend company, with a current yield standing at 1.0%. … NasdaqGS:MNRO Historical Dividend Yield, May 20th 2019 Next Steps: For Monro, I've compiled three fundamental aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for MNRO’s future growth?

Simply Wall St -

Should You Be Adding Monro (NASDAQ:MNRO) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. … Monro's Earnings Per Share Are Growing. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.

Simply Wall St -

How Financially Strong Is Monro, Inc. (NASDAQ:MNRO)?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

What Investors Should Know About Monro, Inc.'s (NASDAQ:MNRO) Financial Strength

Today we will look at MNRO’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Don’t forget that this is a general and concentrated examination of Monro’s financial health, so you should conduct further analysis. … View our latest analysis for Monro

Simply Wall St -

Is Monro, Inc.'s (NASDAQ:MNRO) 12% ROE Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.12. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

MNRO Company Info

Description

Monro, Inc. provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections. The company’s maintenance services comprise oil change, heating and cooling system ‘flush and fill’ service, belt installation, fuel system service, and a transmission ‘flush and fill’ service. In addition, it replaces and services batteries, starters, and alternators; and offers inspection services, as well as offers air conditioning services. The company operates its stores under the brand names of Monro Auto Service and Tire, Tread Quarters Discount Tire Auto Service, Mr. Tire Auto Service, Autotire Car Care, Tire Warehouse Tires for Less, Tire Barn Warehouse, Ken Towery’s Tire & Auto Care, Tire Choice Auto Service Centers, FreeService Tire, and Car-X Tire & Auto. As of May 21, 2019, it operated 1,248 company-operated stores, 98 franchised locations, 8 wholesale locations, and 3 retread facilities in 30 states. The company was formerly known as Monro Muffler Brake, Inc. and changed its name to Monro, Inc. in August 2017. Monro, Inc. was founded in 1957 and is headquartered in Rochester, New York.

Details
Name: Monro, Inc.
MNRO
Exchange: NasdaqGS
Founded: 1957
$2,541,456,148
33,221,649
Website: http://www.monro.com
Address: Monro, Inc.
200 Holleder Parkway,
Rochester,
New York, 14615,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MNRO Common Stock Nasdaq Global Select US USD 30. Jul 1991
DB MR2 Common Stock Deutsche Boerse AG DE EUR 30. Jul 1991
Number of employees
Current staff
Staff numbers
8,183
Monro employees.
Industry
Automotive Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:42
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/30
Last annual earnings reported: 2019/03/30


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.