SPARTANNASH CO (SPTN) Stock Fundamental Analysis
NASDAQ:SPTN - Nasdaq - US8472151005 - Common Stock
Taking everything into account, SPTN scores 4 out of 10 in our fundamental rating. SPTN was compared to 41 industry peers in the Consumer Staples Distribution & Retail industry. Both the profitability and the financial health of SPTN get a neutral evaluation. Nothing too spectacular is happening here. SPTN is valued correctly, but it does not seem to be growing. SPTN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year SPTN was profitable.
In the past year SPTN had a positive cash flow from operations.
SPTN had positive earnings in each of the past 5 years.
SPTN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SPTN's Return On Assets of 1.84% is in line compared to the rest of the industry. SPTN outperforms 42.50% of its industry peers.
With a Return On Equity value of 5.81%, SPTN perfoms like the industry average, outperforming 42.50% of the companies in the same industry.
The Return On Invested Capital of SPTN (5.65%) is comparable to the rest of the industry.
SPTN had an Average Return On Invested Capital over the past 3 years of 4.31%. This is below the industry average of 8.38%.
The 3 year average ROIC (4.31%) for SPTN is below the current ROIC(5.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.84% | ||
| ROE | 5.81% | ||
| ROIC | 5.65% |
ROA(3y)2.32%
ROA(5y)2.09%
ROE(3y)6.79%
ROE(5y)6.25%
ROIC(3y)4.31%
ROIC(5y)4.39%
1.3 Margins
The Profit Margin of SPTN (0.48%) is worse than 60.00% of its industry peers.
SPTN's Profit Margin has improved in the last couple of years.
SPTN has a Operating Margin (1.41%) which is comparable to the rest of the industry.
SPTN's Operating Margin has declined in the last couple of years.
SPTN's Gross Margin of 15.60% is on the low side compared to the rest of the industry. SPTN is outperformed by 80.00% of its industry peers.
SPTN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.41% | ||
| PM (TTM) | 0.48% | ||
| GM | 15.6% |
OM growth 3Y-3.4%
OM growth 5Y-2.63%
PM growth 3Y-12.37%
PM growth 5Y5.55%
GM growth 3Y0.06%
GM growth 5Y2.09%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPTN is destroying value.
SPTN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SPTN has less shares outstanding
Compared to 1 year ago, SPTN has a worse debt to assets ratio.
2.2 Solvency
SPTN has an Altman-Z score of 4.66. This indicates that SPTN is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.66, SPTN is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
A Debt/Equity ratio of 0.80 indicates that SPTN is somewhat dependend on debt financing.
SPTN has a worse Debt to Equity ratio (0.80) than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.66 |
ROIC/WACC0.75
WACC7.56%
2.3 Liquidity
SPTN has a Current Ratio of 1.62. This is a normal value and indicates that SPTN is financially healthy and should not expect problems in meeting its short term obligations.
SPTN has a better Current ratio (1.62) than 77.50% of its industry peers.
SPTN has a Quick Ratio of 1.62. This is a bad value and indicates that SPTN is not financially healthy enough and could expect problems in meeting its short term obligations.
SPTN has a Quick ratio of 0.83. This is in the better half of the industry: SPTN outperforms 65.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
SPTN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.58%.
Measured over the past 5 years, SPTN shows a small growth in Earnings Per Share. The EPS has been growing by 3.12% on average per year.
The Revenue has decreased by -2.66% in the past year.
The Revenue has been growing slightly by 3.82% on average over the past years.
EPS 1Y (TTM)-7.58%
EPS 3Y-4.84%
EPS 5Y3.12%
EPS Q2Q%-11.11%
Revenue 1Y (TTM)-2.66%
Revenue growth 3Y1.34%
Revenue growth 5Y3.82%
Sales Q2Q%-0.6%
3.2 Future
The Earnings Per Share is expected to decrease by -4.27% on average over the next years.
The Revenue is expected to grow by 0.08% on average over the next years.
EPS Next Y-10.52%
EPS Next 2Y-4.97%
EPS Next 3Y-4.27%
EPS Next 5YN/A
Revenue Next Year-2.24%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.08%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.09 indicates a reasonable valuation of SPTN.
Based on the Price/Earnings ratio, SPTN is valued cheaper than 92.50% of the companies in the same industry.
When comparing the Price/Earnings ratio of SPTN to the average of the S&P500 Index (28.29), we can say SPTN is valued rather cheaply.
SPTN is valuated reasonably with a Price/Forward Earnings ratio of 9.00.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPTN indicates a rather cheap valuation: SPTN is cheaper than 90.00% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. SPTN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.09 | ||
| Fwd PE | 9 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPTN is valued cheaply inside the industry as 82.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.23 |
4.3 Compensation for Growth
A cheap valuation may be justified as SPTN's earnings are expected to decrease with -4.27% in the coming years.
PEG (NY)N/A
PEG (5Y)2.92
EPS Next 2Y-4.97%
EPS Next 3Y-4.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.78%, SPTN is a good candidate for dividend investing.
SPTN's Dividend Yield is rather good when compared to the industry average which is at 2.47. SPTN pays more dividend than 97.50% of the companies in the same industry.
SPTN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
5.2 History
On average, the dividend of SPTN grows each year by 9.50%, which is quite nice.
SPTN has been paying a dividend for at least 10 years, so it has a reliable track record.
SPTN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.5%
Div Incr Years13
Div Non Decr Years17
5.3 Sustainability
65.83% of the earnings are spent on dividend by SPTN. This is not a sustainable payout ratio.
SPTN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP65.83%
EPS Next 2Y-4.97%
EPS Next 3Y-4.27%
SPARTANNASH CO
NASDAQ:SPTN (1/22/2025, 2:52:30 PM)
17.72
-0.53 (-2.9%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners86.44%
Inst Owner Change-0.97%
Ins Owners1.34%
Ins Owner Change0%
Market Cap598.05M
Analysts76.36
Price Target22.78 (28.56%)
Short Float %2.98%
Short Ratio3.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.78% |
Yearly Dividend0.85
Dividend Growth(5Y)9.5%
DP65.83%
Div Incr Years13
Div Non Decr Years17
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.21%
Min EPS beat(2)-1.96%
Max EPS beat(2)2.38%
EPS beat(4)2
Avg EPS beat(4)-2%
Min EPS beat(4)-10.29%
Max EPS beat(4)2.38%
EPS beat(8)2
Avg EPS beat(8)-4.49%
EPS beat(12)5
Avg EPS beat(12)-0.81%
EPS beat(16)7
Avg EPS beat(16)-0.23%
Revenue beat(2)0
Avg Revenue beat(2)-2.44%
Min Revenue beat(2)-3.6%
Max Revenue beat(2)-1.29%
Revenue beat(4)0
Avg Revenue beat(4)-2.84%
Min Revenue beat(4)-3.6%
Max Revenue beat(4)-1.29%
Revenue beat(8)1
Avg Revenue beat(8)-2.71%
Revenue beat(12)4
Avg Revenue beat(12)-1.37%
Revenue beat(16)4
Avg Revenue beat(16)-1.36%
PT rev (1m)0%
PT rev (3m)-1.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.37%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.09 | ||
| Fwd PE | 9 | ||
| P/S | 0.06 | ||
| P/FCF | N/A | ||
| P/OCF | 5.12 | ||
| P/B | 0.77 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 5.23 |
EPS(TTM)1.95
EY11%
EPS(NY)1.97
Fwd EY11.11%
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)3.46
OCFY19.54%
SpS282.46
BVpS23.15
TBVpS14.5
PEG (NY)N/A
PEG (5Y)2.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.84% | ||
| ROE | 5.81% | ||
| ROCE | 7.63% | ||
| ROIC | 5.65% | ||
| ROICexc | 5.7% | ||
| ROICexgc | 6.84% | ||
| OM | 1.41% | ||
| PM (TTM) | 0.48% | ||
| GM | 15.6% | ||
| FCFM | N/A |
ROA(3y)2.32%
ROA(5y)2.09%
ROE(3y)6.79%
ROE(5y)6.25%
ROIC(3y)4.31%
ROIC(5y)4.39%
ROICexc(3y)4.36%
ROICexc(5y)4.44%
ROICexgc(3y)5.32%
ROICexgc(5y)5.47%
ROCE(3y)5.82%
ROCE(5y)5.93%
ROICexcg growth 3Y-5.08%
ROICexcg growth 5Y-3.41%
ROICexc growth 3Y-4.29%
ROICexc growth 5Y-1.45%
OM growth 3Y-3.4%
OM growth 5Y-2.63%
PM growth 3Y-12.37%
PM growth 5Y5.55%
GM growth 3Y0.06%
GM growth 5Y2.09%
F-Score7
Asset Turnover3.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.65 | ||
| Cap/Depr | 129.94% | ||
| Cap/Sales | 1.38% | ||
| Interest Coverage | 3.17 | ||
| Cash Conversion | 49.47% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.62 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z | 4.66 |
F-Score7
WACC7.56%
ROIC/WACC0.75
Cap/Depr(3y)103.65%
Cap/Depr(5y)93.67%
Cap/Sales(3y)1.04%
Cap/Sales(5y)0.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.58%
EPS 3Y-4.84%
EPS 5Y3.12%
EPS Q2Q%-11.11%
EPS Next Y-10.52%
EPS Next 2Y-4.97%
EPS Next 3Y-4.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.66%
Revenue growth 3Y1.34%
Revenue growth 5Y3.82%
Sales Q2Q%-0.6%
Revenue Next Year-2.24%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.08%
Revenue Next 5YN/A
EBIT growth 1Y41.75%
EBIT growth 3Y-2.11%
EBIT growth 5Y1.09%
EBIT Next Year84.27%
EBIT Next 3Y24.65%
EBIT Next 5YN/A
FCF growth 1Y77.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y373.21%
OCF growth 3Y-33.71%
OCF growth 5Y-12.22%