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AMCON Distributing

AMEX:DIT
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DIT
AMEX
$56M
Market Cap
  1. Home
  2. US
  3. Retail
Company description

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. The last earnings update was 61 days ago. More info.


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DIT Share Price and Events
7 Day Returns
0%
AMEX:DIT
1.1%
US Retail Distributors
0.1%
US Market
1 Year Returns
1.1%
AMEX:DIT
4.9%
US Retail Distributors
1.2%
US Market
DIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMCON Distributing (DIT) 0% 0.5% 1.2% 1.1% 6.8% 18%
US Retail Distributors 1.1% -2.5% 1.9% 4.9% -14.3% 33.2%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • DIT underperformed the Retail Distributors industry which returned 4.9% over the past year.
Price Volatility
DIT
Industry
5yr Volatility vs Market
Related Companies

DIT Value

 Is AMCON Distributing 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 AMCON Distributing 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 AMCON Distributing.

AMEX:DIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
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 AMEX:DIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 21%) (38.45%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.039 * 5.96%)
8.92%

Discounted Cash Flow Calculation for AMEX:DIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMCON Distributing 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.

AMEX:DIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.92%)
2019 30.67 Est @ 17.41% 28.16
2020 34.66 Est @ 13.01% 29.22
2021 38.10 Est @ 9.92% 29.49
2022 41.06 Est @ 7.77% 29.17
2023 43.63 Est @ 6.25% 28.46
2024 45.90 Est @ 5.2% 27.48
2025 47.95 Est @ 4.46% 26.36
2026 49.83 Est @ 3.94% 25.15
2027 51.62 Est @ 3.58% 23.92
2028 53.33 Est @ 3.32% 22.69
Present value of next 10 years cash flows $270.09
AMEX:DIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $53.33 × (1 + 2.73%) ÷ (8.92% – 2.73%)
$884.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $884.64 ÷ (1 + 8.92%)10
$376.33
AMEX:DIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $270.09 + $376.33
$646.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $646.42 / 0.59
$1090.51
AMEX:DIT Discount to Share Price
Calculation Result
Value per share (USD) From above. $1,090.51
Current discount Discount to share price of $94.00
= -1 x ($94.00 - $1,090.51) / $1,090.51
91.4%

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

Current Discount
Amount off the current price AMCON Distributing is available for.
Intrinsic value
>50%
Share price is $94 vs Future cash flow value of $1090.51
Current Discount Checks
For AMCON Distributing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AMCON Distributing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AMCON Distributing's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AMCON Distributing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMCON Distributing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:DIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $7.31
AMEX:DIT Share Price ** AMEX (2019-06-18) in USD $94
United States of America Retail Distributors Industry PE Ratio Median Figure of 11 Publicly-Listed Retail Distributors Companies 19.24x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

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

** Primary Listing of AMCON Distributing.

AMEX:DIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:DIT Share Price ÷ EPS (both in USD)

= 94 ÷ 7.31

12.85x

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

  • AMCON Distributing is good value based on earnings compared to the US Retail Distributors industry average.
  • AMCON Distributing is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does AMCON Distributing's expected growth come at a high price?
Raw Data
AMEX:DIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
30.9%per year
United States of America Retail Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 2.87x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*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 AMCON Distributing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AMCON Distributing's assets?
Raw Data
AMEX:DIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $109.40
AMEX:DIT Share Price * AMEX (2019-06-18) in USD $94
United States of America Retail Distributors Industry PB Ratio Median Figure of 16 Publicly-Listed Retail Distributors Companies 2.74x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
AMEX:DIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:DIT Share Price ÷ Book Value per Share (both in USD)

= 94 ÷ 109.40

0.86x

* Primary Listing of AMCON Distributing.

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

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

DIT Future Performance

 How is AMCON Distributing expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover AMCON Distributing, future earnings growth has been estimated based on fundamentals.
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
30.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMCON Distributing expected to grow at an attractive rate?
  • AMCON Distributing's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • AMCON Distributing's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare AMCON Distributing's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:DIT Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:DIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 30.9%
United States of America Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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
AMEX:DIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:DIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 994 29 5
2018-12-31 979 3 3
2018-09-30 954 6 4
2018-06-30 933 2 4
2018-03-31 918 -20 3
2017-12-31 914 1 3
2017-09-30 906 -14 3
2017-06-30 907 8 4
2017-03-31 904 19 5
2016-12-31 903 8 6
2016-09-30 909 18 6
2016-06-30 907 8 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AMCON Distributing's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if AMCON Distributing is high growth as no revenue estimate data is available.
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
AMEX:DIT 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 0 Analyst Estimates (S&P Global) See Below

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

AMEX:DIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 7.31
2018-12-31 5.25
2018-09-30 5.47
2018-06-30 5.37
2018-03-31 4.73
2017-12-31 4.97
2017-09-30 4.34
2017-06-30 5.24
2017-03-31 7.57
2016-12-31 8.75
2016-09-30 9.37
2016-06-30 10.09

*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 AMCON Distributing will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AMCON Distributing'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.
AMCON Distributing 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.

DIT Past Performance

  How has AMCON Distributing 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 AMCON Distributing's growth in the last year to its industry (Retail Distributors).
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.
  • AMCON Distributing's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • AMCON Distributing's 1-year earnings growth exceeds its 5-year average (41.1% vs -8.7%)
  • AMCON Distributing's earnings growth has exceeded the US Retail Distributors industry average in the past year (41.1% vs 24.9%).
Earnings and Revenue History
AMCON Distributing'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 AMCON Distributing Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:DIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 994.44 4.56 70.16
2018-12-31 978.73 3.38 68.38
2018-09-30 953.91 3.61 66.78
2018-06-30 932.85 3.63 65.05
2018-03-31 917.75 3.23 64.63
2017-12-31 913.99 3.38 64.83
2017-09-30 906.18 2.95 64.17
2017-06-30 906.76 3.53 63.89
2017-03-31 903.52 4.95 62.64
2016-12-31 902.92 5.56 61.59
2016-09-30 908.53 5.82 61.73
2016-06-30 906.58 6.21 61.65
2016-03-31 905.04 6.35 61.72
2015-12-31 897.23 5.98 62.43
2015-09-30 891.06 6.17 62.77
2015-06-30 883.19 6.00 63.20
2015-03-31 872.49 5.26 64.09
2014-12-31 859.16 5.02 64.41
2014-09-30 848.96 4.76 64.72
2014-06-30 834.43 4.43 65.13
2014-03-31 828.01 4.81 64.90
2013-12-31 828.76 5.49 64.52
2013-09-30 824.65 5.65 63.88
2013-06-30 816.48 6.70 63.51
2013-03-31 811.66 6.90 63.29
2012-12-31 814.02 7.13 63.75
2012-09-30 802.87 7.10 63.25
2012-06-30 807.55 7.30 63.09

*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.
  • AMCON Distributing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AMCON Distributing used its assets less efficiently than the US Retail Distributors industry average last year based on Return on Assets.
  • AMCON Distributing's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AMCON Distributing'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 Retail Distributors 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.
AMCON Distributing has a total score of 2/6, 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.

DIT Health

 How is AMCON Distributing'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 AMCON Distributing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMCON Distributing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AMCON Distributing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AMCON Distributing'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 covered by short term assets, assets are 4.4x 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 AMCON Distributing Company Filings, last reported 2 months ago.

AMEX:DIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 64.85 21.42 0.64
2018-12-31 65.67 27.83 0.82
2018-09-30 64.60 40.18 0.52
2018-06-30 63.70 23.23 0.28
2018-03-31 70.10 33.39 0.56
2017-12-31 70.49 15.57 0.57
2017-09-30 68.17 32.06 0.52
2017-06-30 67.33 13.44 0.12
2017-03-31 67.05 8.31 0.25
2016-12-31 66.70 13.10 0.33
2016-09-30 65.75 13.92 0.61
2016-06-30 65.07 17.18 0.41
2016-03-31 64.90 21.17 0.32
2015-12-31 64.29 14.80 0.34
2015-09-30 64.26 24.64 0.22
2015-06-30 63.31 18.13 0.15
2015-03-31 61.50 35.87 0.19
2014-12-31 60.87 24.81 0.17
2014-09-30 58.34 19.16 0.10
2014-06-30 56.65 25.32 0.33
2014-03-31 56.26 24.24 0.40
2013-12-31 55.93 33.52 0.33
2013-09-30 55.64 19.92 0.28
2013-06-30 54.24 33.43 0.18
2013-03-31 52.76 23.40 0.43
2012-12-31 51.69 36.35 0.03
2012-09-30 52.41 20.61 0.49
2012-06-30 49.96 36.64 0.57
  • AMCON Distributing's level of debt (33%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (43.1% vs 33% today).
  • Debt is well covered by operating cash flow (136.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess AMCON Distributing'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. AMCON Distributing has a total score of 6/6, 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.

DIT Dividends

 What is AMCON Distributing'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
1.06%
Current annual income from AMCON Distributing dividends.
If you bought $2,000 of AMCON Distributing 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?
  • AMCON Distributing's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • AMCON Distributing's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
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
AMEX:DIT 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 0 Analyst Estimates (S&P Global) See Below
United States of America Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
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.

AMEX:DIT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-23 1.000 1.073
2018-12-21 1.000 1.085
2018-10-23 1.000 1.202
2018-07-25 1.000 1.170
2018-04-24 1.000 1.124
2017-12-22 1.000 1.104
2017-10-25 1.000 1.115
2017-07-25 1.000 1.083
2017-04-26 1.000 0.975
2016-12-22 1.000 0.972
2016-07-27 0.720 0.781
2016-04-27 0.720 0.822
2015-12-22 0.720 0.913
2015-10-22 0.720 0.888
2015-07-23 0.720 0.869
2015-04-27 0.720 0.889
2015-01-28 0.720 0.890
2014-10-22 0.720 0.886
2014-07-22 0.720 0.872
2014-04-22 0.720 0.891
2014-01-29 0.720 0.822
2013-10-23 0.720 0.910
2013-07-23 0.720 0.892
2013-04-23 0.720 0.951
2013-01-23 0.720 0.961
2012-10-31 0.720 1.113
2012-07-25 0.720 1.100
2012-04-25 0.720 1.181
2012-01-24 0.720 1.141
2011-10-27 0.720 1.159
2011-08-05 0.720 1.270
2011-04-28 0.720 1.057
2011-01-27 0.720 0.918
2010-11-02 0.720 0.957
2010-07-23 0.720 1.163
2010-05-03 0.720 1.382
2010-01-28 0.720 1.278
2009-10-29 0.720 1.056
2009-07-23 0.400 0.679

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 AMCON Distributing's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AMCON Distributing'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 AMCON Distributing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMCON Distributing has a total score of 3/6, see the detailed checks below.


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

DIT Management

 What is the CEO of AMCON Distributing'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
Chris Atayan
COMPENSATION $2,125,190
AGE 58
TENURE AS CEO 12.7 years
CEO Bio

Mr. Christopher H. Atayan, also known as Chris, has been the Chief Executive Officer of AMCON Distributing Co. since October 4, 2006. Mr. Atayan serves as a Consultant of Draupnir, LLC. He served as the Chief Corporate Officer of AMCON Distributing Co from March 2006 to September 2006. Mr. Atayan served as Senior Managing Director of Slusser & Associates, Inc. since 1988. He serves as Chairman of Hotlink Incorporated. He has been the Chairman at AMCON Distributing Co. since January 2008 and served as its Vice Chairman from March 2006 to January 2008. He has been a Director of AMCON Distributing Co. since 2004.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Chris'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 AMCON Distributing management team in years:

0.7
Average Tenure
56
Average Age
  • The average tenure for the AMCON Distributing management team is less than 2 years, this suggests a new team.
Management Team

Chris Atayan

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
58
TENURE
12.7 yrs

Andy Plummer

TITLE
President
COMPENSATION
$667K
AGE
44
TENURE
0.7 yrs

Kathleen Evans

TITLE
Consultant
COMPENSATION
$609K
AGE
71
TENURE
0.7 yrs

Philip Campbell

TITLE
Senior Vice President of Planning & Compliance
COMPENSATION
$406K
AGE
56
TENURE
12.4 yrs

Chuck Schmaderer

TITLE
VP, Corporate Controller & Secretary
AGE
49
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the AMCON Distributing board of directors in years:

13.3
Average Tenure
58
Average Age
  • The average tenure for the AMCON Distributing board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chris Atayan

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
58
TENURE
11.4 yrs

Andy Plummer

TITLE
President
COMPENSATION
$667K
AGE
44
TENURE
0.7 yrs

Raymond Bentele

TITLE
Director
COMPENSATION
$67K
AGE
81
TENURE
17.1 yrs

John Loyack

TITLE
Director
COMPENSATION
$77K
AGE
55
TENURE
15.8 yrs

Tim Pestotnik

TITLE
Lead Director
COMPENSATION
$117K
AGE
58
TENURE
11.4 yrs

Stanley Mayer

TITLE
Director
COMPENSATION
$67K
AGE
73
TENURE
17.3 yrs

Jeremy Hobbs

TITLE
Director
COMPENSATION
$62K
AGE
57
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Sell Kathleen Evans Individual 12. Mar 19 12. Mar 19 -24,457 $92.50 $-2,262,273
X
Management checks
We assess AMCON Distributing'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. AMCON Distributing 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.

DIT News

Simply Wall St News

Where AMCON Distributing Company (NYSEMKT:DIT) Stands In Terms Of Earnings Growth Against Its Industry

In this article, I will take a look at AMCON Distributing Company's (NYSEMKT:DIT) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Let's take a look at if it is merely owing to industry tailwinds, or if AMCON Distributing has seen some company-specific growth. … I suggest you continue to research AMCON Distributing to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for DIT’s future growth?

Simply Wall St -

Did AMCON Distributing Company (NYSEMKT:DIT) Insiders Sell Shares?

So we'll take a look at whether insiders have been buying or selling shares in AMCON Distributing Company (NYSEMKT:DIT). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for AMCON Distributing The Last 12 Months Of Insider Transactions At AMCON Distributing In the last twelve months, the biggest single sale by an insider was when the Consultant, Kathleen Evans, sold US$2.3m worth of shares at a price of US$92.50 per share. … Insider Ownership of AMCON Distributing Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

Is AMCON Distributing Company's (NYSEMKT:DIT) P/E Ratio Really That Good?

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for AMCON Distributing: P/E of 12.78 = $93.49 ÷ $7.31 (Based on the trailing twelve months to March 2019.) Is A High P/E Ratio Good? … AMEX:DIT Price Estimation Relative to Market, May 20th 2019 AMCON Distributing's P/E tells us that market participants think it will not fare as well as its peers in the same industry. … AMCON Distributing's Balance Sheet Net debt is 37% of AMCON Distributing's market cap.

Simply Wall St -

With A 7.0% Return On Equity, Is AMCON Distributing Company (NYSEMKT:DIT) A Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows AMCON Distributing has a return on equity of 7.0% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Consider AMCON Distributing Company (NYSEMKT:DIT)?

I've been keeping an eye on AMCON Distributing Company (NYSEMKT:DIT) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe DIT has a lot to offer. … report on AMCON Distributing here

Simply Wall St -

Why We’re Not Impressed By AMCON Distributing Company’s (NYSEMKT:DIT) 9.1% 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. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Should AMCON Distributing (NYSEMKT:DIT) Be Disappointed With Their 12% Profit?

It hasn't been the best quarter for AMCON Distributing Company (NYSEMKT:DIT) shareholders, since the share price has fallen 10% in that time. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Earnings per share have melted like a stack of ice cubes, in stark contrast to the share price.

Simply Wall St -

What Kind Of Shareholder Owns Most AMCON Distributing Company (NYSEMKT:DIT) Stock?

If you want to know who really controls AMCON Distributing Company (NYSEMKT:DIT), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … AMCON Distributing is not a large company by global standards.

Simply Wall St -

Want To Invest In AMCON Distributing Company (NYSEMKT:DIT)? Here's How It Performed Lately

After looking at AMCON Distributing Company's (NYSEMKT:DIT) latest earnings update (31 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … Have DIT's earnings improved against past performances and the industry. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -9.2%, indicating the rate at which DIT is growing has slowed down

Simply Wall St -

Is AMCON Distributing Company's (NYSEMKT:DIT) CEO Being Overpaid?

Chris Atayan became the CEO of AMCON Distributing Company (NYSEMKT:DIT) in 2006. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Chris Atayan's Compensation Compare With Similar Sized Companies?

Simply Wall St -

DIT Company Info

Description

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Southern regions of the United States. It operates through two segments, Wholesale Distribution and Retail Health Food. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and chilled products, and institutional foodservice products. It serves retailers, such as convenience stores, discount and general merchandise stores, grocery stores, drug stores, and gas stations; and institutional customers comprising restaurants and bars, schools, and sports complexes, as well as other wholesalers. This segment also markets private label lines of water, candy products, batteries, and other products. The Retail Health Food segment is involved in the retail of natural, organic, and specialty foods consisting of produce, baked goods, frozen foods, nutritional supplements, personal care items, and general merchandise. As of November 8, 2018, it operated 22 retail health food stores, including 7 stores under the name of Chamberlin’s Market & Café in Florida; 7 stores under the name of Akin’s Natural Foods Market in Arkansas, Missouri, and Oklahoma; and 8 stores under the name of Earth Origins Market in Florida. AMCON Distributing Company was founded in 1981 and is headquartered in Omaha, Nebraska.

Details
Name: AMCON Distributing Company
DIT
Exchange: AMEX
Founded: 1981
$55,720,192
592,768
Website: http://www.amcon.com
Address: AMCON Distributing Company
7405 Irvington Road,
Omaha,
Nebraska, 68122,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX DIT Common Stock NYSE MKT LLC US USD 04. Aug 1995
Number of employees
Current staff
Staff numbers
827
AMCON Distributing employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:32
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.