UNITED NATURAL FOODS INC (UNFI) Stock Fundamental Analysis
NYSE:UNFI - New York Stock Exchange, Inc. - US9111631035 - Common Stock - Currency: USD
Overall UNFI gets a fundamental rating of 3 out of 10. We evaluated UNFI against 40 industry peers in the Consumer Staples Distribution & Retail industry. UNFI has a bad profitability rating. Also its financial health evaluation is rather negative. UNFI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year UNFI was profitable.
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.
In the past 5 years UNFI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.06%, UNFI is doing worse than 67.50% of the companies in the same industry.
UNFI's Return On Equity of -5.05% is on the low side compared to the rest of the industry. UNFI is outperformed by 67.50% of its industry peers.
The Return On Invested Capital of UNFI (2.69%) is worse than 67.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for UNFI is below the industry average of 8.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.06% | ||
| ROE | -5.05% | ||
| ROIC | 2.69% |
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
Looking at the Operating Margin, with a value of 0.57%, UNFI is doing worse than 72.50% of the companies in the same industry.
In the last couple of years the Operating Margin of UNFI has declined.
Looking at the Gross Margin, with a value of 13.40%, UNFI is doing worse than 85.00% of the companies in the same industry.
UNFI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.57% | ||
| PM (TTM) | N/A | ||
| GM | 13.4% |
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.
Compared to 5 years ago, UNFI has more shares outstanding
UNFI has a worse debt/assets ratio than last year.
2.2 Solvency
UNFI has an Altman-Z score of 4.69. This indicates that UNFI is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.69, UNFI is doing good in the industry, outperforming 70.00% of the companies in the same industry.
UNFI has a debt to FCF ratio of 13.57. This is a negative value and a sign of low solvency as UNFI would need 13.57 years to pay back of all of its debts.
The Debt to FCF ratio of UNFI (13.57) is comparable to the rest of the industry.
UNFI has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.28, UNFI is doing worse than 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 13.57 | ||
| Altman-Z | 4.69 |
ROIC/WACC0.33
WACC8.17%
2.3 Liquidity
UNFI has a Current Ratio of 1.45. This is a normal value and indicates that UNFI is financially healthy and should not expect problems in meeting its short term obligations.
UNFI has a better Current ratio (1.45) than 75.00% of its industry peers.
A Quick Ratio of 0.52 indicates that UNFI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.52, UNFI is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 53.12% over the past year.
Measured over the past years, UNFI shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -41.71% on average per year.
Looking at the last year, UNFI shows a small growth in Revenue. The Revenue has grown by 4.73% in the last year.
The Revenue has been growing slightly by 6.76% on average over the past years.
EPS 1Y (TTM)53.12%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%214.29%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%4.93%
3.2 Future
Based on estimates for the next years, UNFI will show a very strong growth in Earnings Per Share. The EPS will grow by 54.80% on average per year.
Based on estimates for the next years, UNFI will show a small growth in Revenue. The Revenue will grow by 1.43% on average per year.
EPS Next Y498.09%
EPS Next 2Y215.3%
EPS Next 3Y135.71%
EPS Next 5Y54.8%
Revenue Next Year2.68%
Revenue Next 2Y2.24%
Revenue Next 3Y1.93%
Revenue Next 5Y1.43%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
UNFI is valuated quite expensively with a Price/Earnings ratio of 50.33.
Compared to the rest of the industry, the Price/Earnings ratio of UNFI indicates a slightly more expensive valuation: UNFI is more expensive than 67.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, UNFI is valued quite expensively.
UNFI is valuated rather expensively with a Price/Forward Earnings ratio of 17.72.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UNFI indicates a somewhat cheap valuation: UNFI is cheaper than 65.00% of the companies listed in the same industry.
UNFI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.33 | ||
| Fwd PE | 17.72 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, UNFI is valued a bit cheaper than 75.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of UNFI indicates a rather cheap valuation: UNFI is cheaper than 90.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.69 | ||
| EV/EBITDA | 6.94 |
4.3 Compensation for Growth
UNFI's 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 135.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y215.3%
EPS Next 3Y135.71%
5. Dividend
5.1 Amount
UNFI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
24.66
+0.43 (+1.77%)
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%
Ins Owners1.83%
Ins Owner Change9.19%
Market Cap1.49B
Analysts70
Price Target30.6 (24.09%)
Short Float %6.49%
Short Ratio5.58
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)493.85%
Min EPS beat(2)16.24%
Max EPS beat(2)971.46%
EPS beat(4)4
Avg EPS beat(4)326.05%
Min EPS beat(4)16.24%
Max EPS beat(4)971.46%
EPS beat(8)7
Avg EPS beat(8)244.88%
EPS beat(12)8
Avg EPS beat(12)159.76%
EPS beat(16)11
Avg EPS beat(16)126.99%
Revenue beat(2)2
Avg Revenue beat(2)0.95%
Min Revenue beat(2)0.53%
Max Revenue beat(2)1.38%
Revenue beat(4)3
Avg Revenue beat(4)0.09%
Min Revenue beat(4)-2.18%
Max Revenue beat(4)1.38%
Revenue beat(8)3
Avg Revenue beat(8)-1.27%
Revenue beat(12)4
Avg Revenue beat(12)-1.3%
Revenue beat(16)6
Avg Revenue beat(16)-1.29%
PT rev (1m)1.69%
PT rev (3m)10.53%
EPS NQ rev (1m)-12.8%
EPS NQ rev (3m)-1.55%
EPS NY rev (1m)11.77%
EPS NY rev (3m)17.83%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)2.92%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.33 | ||
| Fwd PE | 17.72 | ||
| P/S | 0.05 | ||
| P/FCF | 9.69 | ||
| P/OCF | 3.24 | ||
| P/B | 0.92 | ||
| P/tB | 1.5 | ||
| EV/EBITDA | 6.94 |
EPS(TTM)0.49
EY1.99%
EPS(NY)1.39
Fwd EY5.64%
FCF(TTM)2.54
FCFY10.32%
OCF(TTM)7.62
OCFY30.89%
SpS523.5
BVpS26.85
TBVpS16.44
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.06% | ||
| ROE | -5.05% | ||
| ROCE | 3.41% | ||
| ROIC | 2.69% | ||
| ROICexc | 2.72% | ||
| ROICexgc | 3.08% | ||
| OM | 0.57% | ||
| PM (TTM) | N/A | ||
| GM | 13.4% | ||
| FCFM | 0.49% |
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-Score6
Asset Turnover4.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.28 | ||
| Debt/FCF | 13.57 | ||
| Debt/EBITDA | 4.08 | ||
| Cap/Depr | 93.6% | ||
| Cap/Sales | 0.97% | ||
| Interest Coverage | 1.12 | ||
| Cash Conversion | 90.39% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 4.69 |
F-Score6
WACC8.17%
ROIC/WACC0.33
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)53.12%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%214.29%
EPS Next Y498.09%
EPS Next 2Y215.3%
EPS Next 3Y135.71%
EPS Next 5Y54.8%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%4.93%
Revenue Next Year2.68%
Revenue Next 2Y2.24%
Revenue Next 3Y1.93%
Revenue Next 5Y1.43%
EBIT growth 1Y225%
EBIT growth 3Y-23.81%
EBIT growth 5Y-8.91%
EBIT Next Year282.94%
EBIT Next 3Y64.66%
EBIT Next 5Y35.58%
FCF growth 1Y-41.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-17.38%
OCF growth 3Y-25.59%
OCF growth 5Y-2.32%