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. UNFI may be in some trouble as it scores bad on both profitability and health. UNFI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year UNFI was profitable.
UNFI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: UNFI reported negative net income in multiple years.
In the past 5 years UNFI always reported a positive cash flow from operatings.
1.2 Ratios
UNFI has a Return On Assets of -0.89%. This is in the lower half of the industry: UNFI underperforms 67.50% of its industry peers.
Looking at the Return On Equity, with a value of -4.18%, UNFI is doing worse than 67.50% of the companies in the same industry.
UNFI has a Return On Invested Capital of 3.26%. This is in the lower half of the industry: UNFI underperforms 65.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for UNFI is below the industry average of 8.23%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.89% | ||
| ROE | -4.18% | ||
| ROIC | 3.26% |
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 (0.66%) than 72.50% of its industry peers.
In the last couple of years the Operating Margin of UNFI has declined.
UNFI's Gross Margin of 13.36% is on the low side compared to the rest of the industry. UNFI is outperformed by 82.50% of its industry peers.
In the last couple of years the Gross Margin of UNFI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.66% | ||
| PM (TTM) | N/A | ||
| GM | 13.36% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so UNFI is destroying value.
UNFI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for UNFI has been increased compared to 5 years ago.
UNFI has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.83 indicates that UNFI is not in any danger for bankruptcy at the moment.
The Altman-Z score of UNFI (4.83) is better than 70.00% of its industry peers.
UNFI has a debt to FCF ratio of 8.84. This is a slightly negative value and a sign of low solvency as UNFI would need 8.84 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.84, UNFI is in line with its industry, outperforming 50.00% of the companies in the same industry.
A Debt/Equity ratio of 1.21 is on the high side and indicates that UNFI has dependencies on debt financing.
UNFI has a worse Debt to Equity ratio (1.21) than 72.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 8.84 | ||
| Altman-Z | 4.83 |
ROIC/WACC0.4
WACC8.23%
2.3 Liquidity
A Current Ratio of 1.41 indicates that UNFI should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.41, UNFI is doing good in the industry, outperforming 77.50% of the companies in the same industry.
A Quick Ratio of 0.51 indicates that UNFI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.51, UNFI is in line with its industry, outperforming 45.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 791.67% 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 6.62% in the last year.
The Revenue has been growing slightly by 6.76% on average over the past years.
EPS 1Y (TTM)791.67%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%340%
Revenue 1Y (TTM)6.62%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%7.48%
3.2 Future
The Earnings Per Share is expected to grow by 58.43% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 0.98% on average over the next years.
EPS Next Y445.77%
EPS Next 2Y200.9%
EPS Next 3Y129%
EPS Next 5Y58.43%
Revenue Next Year3.06%
Revenue Next 2Y1.72%
Revenue Next 3Y1.41%
Revenue Next 5Y0.98%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 27.76 indicates a quite expensive valuation of UNFI.
The rest of the industry has a similar Price/Earnings ratio as UNFI.
When comparing the Price/Earnings ratio of UNFI to the average of the S&P500 Index (27.28), we can say UNFI is valued inline with the index average.
A Price/Forward Earnings ratio of 18.18 indicates a rather expensive valuation of UNFI.
Based on the Price/Forward Earnings ratio, UNFI is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of UNFI to the average of the S&P500 Index (21.76), we can say UNFI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.76 | ||
| Fwd PE | 18.18 |
4.2 Price Multiples
80.00% of the companies in the same industry are more expensive than UNFI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, UNFI is valued cheaper than 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.22 | ||
| EV/EBITDA | 6.06 |
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 129.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y200.9%
EPS Next 3Y129%
5. Dividend
5.1 Amount
No dividends for UNFI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
23.04
+0.16 (+0.7%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupConsumer Staples Distribution & Retail
GICS IndustryConsumer Staples Distribution & Retail
Earnings (Last)
Earnings (Next)
Inst Owners92.29%
Inst Owner Change4.13%
Ins Owners1.8%
Ins Owner Change-1.06%
Market Cap1.39B
Analysts70
Price Target26.78 (16.23%)
Short Float %8.41%
Short Ratio4.93
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)59.08%
Min EPS beat(2)16.24%
Max EPS beat(2)101.92%
EPS beat(4)4
Avg EPS beat(4)299.94%
Min EPS beat(4)16.24%
Max EPS beat(4)971.46%
EPS beat(8)8
Avg EPS beat(8)260.35%
EPS beat(12)8
Avg EPS beat(12)167.33%
EPS beat(16)11
Avg EPS beat(16)133.05%
Revenue beat(2)2
Avg Revenue beat(2)1.02%
Min Revenue beat(2)0.53%
Max Revenue beat(2)1.51%
Revenue beat(4)4
Avg Revenue beat(4)1.02%
Min Revenue beat(4)0.53%
Max Revenue beat(4)1.51%
Revenue beat(8)4
Avg Revenue beat(8)-0.84%
Revenue beat(12)4
Avg Revenue beat(12)-1.18%
Revenue beat(16)7
Avg Revenue beat(16)-0.92%
PT rev (1m)-12.5%
PT rev (3m)-12.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-8.75%
EPS NY rev (3m)-8.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.76 | ||
| Fwd PE | 18.18 | ||
| P/S | 0.04 | ||
| P/FCF | 6.22 | ||
| P/OCF | 2.74 | ||
| P/B | 0.86 | ||
| P/tB | 1.38 | ||
| EV/EBITDA | 6.06 |
EPS(TTM)0.83
EY3.6%
EPS(NY)1.27
Fwd EY5.5%
FCF(TTM)3.7
FCFY16.06%
OCF(TTM)8.41
OCFY36.5%
SpS532.77
BVpS26.85
TBVpS16.74
PEG (NY)0.06
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.89% | ||
| ROE | -4.18% | ||
| ROCE | 4.13% | ||
| ROIC | 3.26% | ||
| ROICexc | 3.29% | ||
| ROICexgc | 3.74% | ||
| OM | 0.66% | ||
| PM (TTM) | N/A | ||
| GM | 13.36% | ||
| FCFM | 0.69% |
ROA(3y)0.7%
ROA(5y)0.09%
ROE(3y)2.8%
ROE(5y)-1.14%
ROIC(3y)3.42%
ROIC(5y)4.16%
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-Score5
Asset Turnover4.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.21 | ||
| Debt/FCF | 8.84 | ||
| Debt/EBITDA | 3.6 | ||
| Cap/Depr | 85.59% | ||
| Cap/Sales | 0.88% | ||
| Interest Coverage | 1.33 | ||
| Cash Conversion | 93.05% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.41 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 4.83 |
F-Score5
WACC8.23%
ROIC/WACC0.4
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)791.67%
EPS 3Y-66.96%
EPS 5Y-41.71%
EPS Q2Q%340%
EPS Next Y445.77%
EPS Next 2Y200.9%
EPS Next 3Y129%
EPS Next 5Y58.43%
Revenue 1Y (TTM)6.62%
Revenue growth 3Y4.75%
Revenue growth 5Y6.76%
Sales Q2Q%7.48%
Revenue Next Year3.06%
Revenue Next 2Y1.72%
Revenue Next 3Y1.41%
Revenue Next 5Y0.98%
EBIT growth 1Y245.16%
EBIT growth 3Y-23.81%
EBIT growth 5Y-8.91%
EBIT Next Year282.94%
EBIT Next 3Y64.66%
EBIT Next 5Y36.13%
FCF growth 1Y-50.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-33.38%
OCF growth 3Y-25.59%
OCF growth 5Y-2.32%