NATURAL GROCERS BY VITAMIN C (NGVC) Stock Fundamental Analysis
NYSE:NGVC - New York Stock Exchange, Inc. - US63888U1088 - Common Stock - Currency: USD
NGVC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Consumer Staples Distribution & Retail industry. NGVC scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, NGVC is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
NGVC had positive earnings in the past year.
NGVC had a positive operating cash flow in the past year.
NGVC had positive earnings in each of the past 5 years.
In the past 5 years NGVC always reported a positive cash flow from operatings.
1.2 Ratios
NGVC has a Return On Assets of 5.57%. This is in the better half of the industry: NGVC outperforms 71.79% of its industry peers.
With a decent Return On Equity value of 19.86%, NGVC is doing good in the industry, outperforming 74.36% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.44%, NGVC is doing good in the industry, outperforming 71.79% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for NGVC is below the industry average of 8.35%.
The 3 year average ROIC (6.18%) for NGVC is below the current ROIC(8.44%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.57% | ||
| ROE | 19.86% | ||
| ROIC | 8.44% |
ROA(3y)3.96%
ROA(5y)3.59%
ROE(3y)15.61%
ROE(5y)14.56%
ROIC(3y)6.18%
ROIC(5y)5.44%
1.3 Margins
Looking at the Profit Margin, with a value of 2.84%, NGVC is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
In the last couple of years the Profit Margin of NGVC has grown nicely.
NGVC has a Operating Margin of 4.11%. This is in the better half of the industry: NGVC outperforms 76.92% of its industry peers.
NGVC's Operating Margin has improved in the last couple of years.
NGVC has a better Gross Margin (29.52%) than 69.23% of its industry peers.
NGVC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.11% | ||
| PM (TTM) | 2.84% | ||
| GM | 29.52% |
OM growth 3Y12.38%
OM growth 5Y16.6%
PM growth 3Y11.88%
PM growth 5Y21.31%
GM growth 3Y2.01%
GM growth 5Y2.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NGVC is destroying value.
The number of shares outstanding for NGVC has been increased compared to 1 year ago.
NGVC has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NGVC has been reduced compared to a year ago.
2.2 Solvency
NGVC has an Altman-Z score of 3.87. This indicates that NGVC is financially healthy and has little risk of bankruptcy at the moment.
NGVC's Altman-Z score of 3.87 is in line compared to the rest of the industry. NGVC outperforms 53.85% of its industry peers.
NGVC has a debt to FCF ratio of 2.36. This is a good value and a sign of high solvency as NGVC would need 2.36 years to pay back of all of its debts.
The Debt to FCF ratio of NGVC (2.36) is better than 79.49% of its industry peers.
NGVC has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of NGVC (0.28) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.36 | ||
| Altman-Z | 3.87 |
ROIC/WACC0.95
WACC8.92%
2.3 Liquidity
NGVC has a Current Ratio of 0.96. This is a bad value and indicates that NGVC is not financially healthy enough and could expect problems in meeting its short term obligations.
NGVC's Current ratio of 0.96 is on the low side compared to the rest of the industry. NGVC is outperformed by 69.23% of its industry peers.
NGVC has a Quick Ratio of 0.96. This is a bad value and indicates that NGVC is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.15, NGVC is doing worse than 89.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.15 |
3. Growth
3.1 Past
NGVC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 34.19%, which is quite impressive.
Measured over the past years, NGVC shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.65% on average per year.
The Revenue has grown by 9.32% in the past year. This is quite good.
Measured over the past years, NGVC shows a small growth in Revenue. The Revenue has been growing by 6.56% on average per year.
EPS 1Y (TTM)34.19%
EPS 3Y17.6%
EPS 5Y28.65%
EPS Q2Q%26.47%
Revenue 1Y (TTM)9.32%
Revenue growth 3Y5.56%
Revenue growth 5Y6.56%
Sales Q2Q%9.43%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-41.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
NGVC is valuated quite expensively with a Price/Earnings ratio of 27.25.
Compared to the rest of the industry, the Price/Earnings ratio of NGVC is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 29.63, NGVC is valued at the same level.
NGVC is valuated quite expensively with a Price/Forward Earnings ratio of 49.35.
Based on the Price/Forward Earnings ratio, NGVC is valued a bit more expensive than 64.10% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.68. NGVC is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.25 | ||
| Fwd PE | 49.35 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as NGVC.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NGVC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.1 | ||
| EV/EBITDA | 13.59 |
4.3 Compensation for Growth
The decent profitability rating of NGVC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.95
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
NGVC has a yearly dividend return of 0.96%, which is pretty low.
NGVC's Dividend Yield is a higher than the industry average which is at 2.53.
With a Dividend Yield of 0.96, NGVC pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
5.2 History
The dividend of NGVC is nicely growing with an annual growth rate of 12.62%!
NGVC has been paying a dividend for over 5 years, so it has already some track record.
NGVC has decreased its dividend in the last 3 years.
Dividend Growth(5Y)12.62%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
26.54% of the earnings are spent on dividend by NGVC. This is a low number and sustainable payout ratio.
DP26.54%
EPS Next 2YN/A
EPS Next 3YN/A
42.79
-4.64 (-9.78%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners34.45%
Inst Owner Change-1.65%
Ins Owners34.23%
Ins Owner Change0.24%
Market Cap981.17M
Analysts85.71
Price TargetN/A
Short Float %1.44%
Short Ratio1.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.96% |
Yearly Dividend1.4
Dividend Growth(5Y)12.62%
DP26.54%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.25 | ||
| Fwd PE | 49.35 | ||
| P/S | 0.77 | ||
| P/FCF | 42.1 | ||
| P/OCF | 16.4 | ||
| P/B | 5.39 | ||
| P/tB | 5.81 | ||
| EV/EBITDA | 13.59 |
EPS(TTM)1.57
EY3.67%
EPS(NY)0.87
Fwd EY2.03%
FCF(TTM)1.02
FCFY2.38%
OCF(TTM)2.61
OCFY6.1%
SpS55.39
BVpS7.93
TBVpS7.36
PEG (NY)N/A
PEG (5Y)0.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.57% | ||
| ROE | 19.86% | ||
| ROCE | 10.47% | ||
| ROIC | 8.44% | ||
| ROICexc | 8.55% | ||
| ROICexgc | 8.78% | ||
| OM | 4.11% | ||
| PM (TTM) | 2.84% | ||
| GM | 29.52% | ||
| FCFM | 1.83% |
ROA(3y)3.96%
ROA(5y)3.59%
ROE(3y)15.61%
ROE(5y)14.56%
ROIC(3y)6.18%
ROIC(5y)5.44%
ROICexc(3y)6.33%
ROICexc(5y)5.62%
ROICexgc(3y)6.51%
ROICexgc(5y)5.77%
ROCE(3y)7.66%
ROCE(5y)6.74%
ROICexcg growth 3Y20.04%
ROICexcg growth 5Y7.65%
ROICexc growth 3Y19.86%
ROICexc growth 5Y7.84%
OM growth 3Y12.38%
OM growth 5Y16.6%
PM growth 3Y11.88%
PM growth 5Y21.31%
GM growth 3Y2.01%
GM growth 5Y2.14%
F-Score8
Asset Turnover1.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 2.36 | ||
| Debt/EBITDA | 0.61 | ||
| Cap/Depr | 116.18% | ||
| Cap/Sales | 2.87% | ||
| Interest Coverage | 12.85 | ||
| Cash Conversion | 71.52% | ||
| Profit Quality | 64.52% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.15 | ||
| Altman-Z | 3.87 |
F-Score8
WACC8.92%
ROIC/WACC0.95
Cap/Depr(3y)123.16%
Cap/Depr(5y)111.96%
Cap/Sales(3y)3.11%
Cap/Sales(5y)2.97%
Profit Quality(3y)85.33%
Profit Quality(5y)112.96%
High Growth Momentum
Growth
EPS 1Y (TTM)34.19%
EPS 3Y17.6%
EPS 5Y28.65%
EPS Q2Q%26.47%
EPS Next Y-41.42%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.32%
Revenue growth 3Y5.56%
Revenue growth 5Y6.56%
Sales Q2Q%9.43%
Revenue Next Year3.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y37.07%
EBIT growth 3Y18.63%
EBIT growth 5Y24.25%
EBIT Next Year81.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y103.18%
FCF growth 3Y11.09%
FCF growth 5Y49.8%
OCF growth 1Y22.48%
OCF growth 3Y11.04%
OCF growth 5Y14.56%