UNITED NATURAL FOODS INC (UNFI) Stock Fundamental Analysis
NYSE:UNFI - New York Stock Exchange, Inc. - US9111631035 - Common Stock - Currency: USD
UNFI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 40 industry peers in the Consumer Staples Distribution & Retail industry. Both the profitability and financial health of UNFI have multiple concerns. While showing a medium growth rate, UNFI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
UNFI had positive earnings in the past year.
In the past year UNFI had a positive cash flow from operations.
In multiple years UNFI reported negative net income over the last 5 years.
Each year in the past 5 years UNFI had a positive operating cash flow.
1.2 Ratios
UNFI has a Return On Assets of -1.49%. This is in the lower half of the industry: UNFI underperforms 69.23% of its industry peers.
UNFI has a Return On Equity of -6.83%. This is in the lower half of the industry: UNFI underperforms 69.23% of its industry peers.
The Return On Invested Capital of UNFI (2.34%) is worse than 69.23% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for UNFI is below the industry average of 8.35%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.49% | ||
| ROE | -6.83% | ||
| ROIC | 2.34% |
ROA(3y)0.7%
ROA(5y)0.09%
ROE(3y)2.8%
ROE(5y)-1.14%
ROIC(3y)3.42%
ROIC(5y)4.16%
1.3 Margins
UNFI has a worse Operating Margin (0.49%) than 71.79% of its industry peers.
UNFI's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 13.56%, UNFI is not doing good in the industry: 84.62% of the companies in the same industry are doing better.
UNFI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.49% | ||
| PM (TTM) | N/A | ||
| GM | 13.56% |
OM growth 3Y-27.27%
OM growth 5Y-14.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.47%
GM growth 5Y-1.21%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), UNFI is destroying value.
The number of shares outstanding for UNFI has been increased compared to 1 year ago.
UNFI has more shares outstanding than it did 5 years ago.
UNFI has a worse debt/assets ratio than last year.
2.2 Solvency
UNFI has an Altman-Z score of 4.76. This indicates that UNFI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.76, UNFI is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
A Debt/Equity ratio of 1.28 is on the high side and indicates that UNFI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.28, UNFI is not doing good in the industry: 74.36% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 4.76 |
ROIC/WACC0.29
WACC7.98%
2.3 Liquidity
A Current Ratio of 1.44 indicates that UNFI should not have too much problems paying its short term obligations.
The Current ratio of UNFI (1.44) is better than 69.23% of its industry peers.
A Quick Ratio of 0.52 indicates that UNFI may have some problems paying its short term obligations.
UNFI has a Quick ratio (0.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The earnings per share for UNFI have decreased strongly by -66.99% in the last year.
UNFI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -41.71% yearly.
Looking at the last year, UNFI shows a small growth in Revenue. The Revenue has grown by 2.34% in the last year.
UNFI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.76% yearly.
EPS 1Y (TTM)-66.99%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%500%
Revenue 1Y (TTM)2.34%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%4.22%
3.2 Future
UNFI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 57.75% yearly.
Based on estimates for the next years, UNFI will show a small growth in Revenue. The Revenue will grow by 0.72% on average per year.
EPS Next Y435.09%
EPS Next 2Y218.87%
EPS Next 3Y143.02%
EPS Next 5Y57.75%
Revenue Next Year1.18%
Revenue Next 2Y1.19%
Revenue Next 3Y0.88%
Revenue Next 5Y0.72%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
With a Price/Earnings ratio of 93.26, UNFI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of UNFI indicates a slightly more expensive valuation: UNFI is more expensive than 71.79% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 29.63. UNFI is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 22.28, the valuation of UNFI can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UNFI indicates a somewhat cheap valuation: UNFI is cheaper than 61.54% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, UNFI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 93.26 | ||
| Fwd PE | 22.28 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UNFI is valued a bit cheaper than the industry average as 64.10% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.47 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
UNFI's earnings are expected to grow with 143.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.21
PEG (5Y)N/A
EPS Next 2Y218.87%
EPS Next 3Y143.02%
5. Dividend
5.1 Amount
No dividends for UNFI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
31.71
-0.59 (-1.83%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners92.94%
Inst Owner Change0.71%
Ins Owners1.83%
Ins Owner Change9.34%
Market Cap1.90B
Analysts55.29
Price Target30.09 (-5.11%)
Short Float %6.57%
Short Ratio5.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)158.26%
Min EPS beat(2)110.14%
Max EPS beat(2)206.37%
EPS beat(4)4
Avg EPS beat(4)244.77%
Min EPS beat(4)87.3%
Max EPS beat(4)575.26%
EPS beat(8)5
Avg EPS beat(8)115%
EPS beat(12)7
Avg EPS beat(12)82.94%
EPS beat(16)10
Avg EPS beat(16)66.45%
Revenue beat(2)1
Avg Revenue beat(2)-0.77%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)0.64%
Revenue beat(4)1
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-3.19%
Max Revenue beat(4)0.64%
Revenue beat(8)1
Avg Revenue beat(8)-1.84%
Revenue beat(12)4
Avg Revenue beat(12)-1.25%
Revenue beat(16)4
Avg Revenue beat(16)-1.77%
PT rev (1m)7.3%
PT rev (3m)39.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10%
EPS NY rev (1m)5.42%
EPS NY rev (3m)33.53%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 93.26 | ||
| Fwd PE | 22.28 | ||
| P/S | 0.06 | ||
| P/FCF | N/A | ||
| P/OCF | 7.51 | ||
| P/B | 1.16 | ||
| P/tB | 1.95 | ||
| EV/EBITDA | 8.47 |
EPS(TTM)0.34
EY1.07%
EPS(NY)1.42
Fwd EY4.49%
FCF(TTM)-1.54
FCFYN/A
OCF(TTM)4.22
OCFY13.32%
SpS517.02
BVpS27.39
TBVpS16.24
PEG (NY)0.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.49% | ||
| ROE | -6.83% | ||
| ROCE | 2.96% | ||
| ROIC | 2.34% | ||
| ROICexc | 2.36% | ||
| ROICexgc | 2.71% | ||
| OM | 0.49% | ||
| PM (TTM) | N/A | ||
| GM | 13.56% | ||
| FCFM | N/A |
ROA(3y)0.7%
ROA(5y)0.09%
ROE(3y)2.8%
ROE(5y)-1.14%
ROIC(3y)3.42%
ROIC(5y)4.16%
ROICexc(3y)3.45%
ROICexc(5y)4.19%
ROICexgc(3y)4.06%
ROICexgc(5y)5.05%
ROCE(3y)4.33%
ROCE(5y)5.27%
ROICexcg growth 3Y-25.98%
ROICexcg growth 5Y-13.26%
ROICexc growth 3Y-24.44%
ROICexc growth 5Y-9.28%
OM growth 3Y-27.27%
OM growth 5Y-14.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.47%
GM growth 5Y-1.21%
F-Score3
Asset Turnover4.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.43 | ||
| Cap/Depr | 108.15% | ||
| Cap/Sales | 1.11% | ||
| Interest Coverage | 0.96 | ||
| Cash Conversion | 53.6% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.44 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 4.76 |
F-Score3
WACC7.98%
ROIC/WACC0.29
Cap/Depr(3y)100.82%
Cap/Depr(5y)94.51%
Cap/Sales(3y)1.02%
Cap/Sales(5y)0.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-66.99%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%500%
EPS Next Y435.09%
EPS Next 2Y218.87%
EPS Next 3Y143.02%
EPS Next 5Y57.75%
Revenue 1Y (TTM)2.34%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%4.22%
Revenue Next Year1.18%
Revenue Next 2Y1.19%
Revenue Next 3Y0.88%
Revenue Next 5Y0.72%
EBIT growth 1Y-3.16%
EBIT growth 3Y-23.81%
EBIT growth 5Y-8.91%
EBIT Next Year278.9%
EBIT Next 3Y62.64%
EBIT Next 5Y44.82%
FCF growth 1Y-130.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-59.46%
OCF growth 3Y-25.59%
OCF growth 5Y-2.32%