-0.40%
3.99%
4.93%
-17.32%
-20.46%
-12.89%
60.73%

Company Description

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States.It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.The company also owns and operates a milk processing and packaging plant that supplies organic milk, fruit juices, and bottled water products to other retailers, food service distributors, and grocery warehouses.


In addition, it provides home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as broad selections of local organic, beverage, and health-related items.As of September 25, 2021, the company operated 189 supermarkets under the brand name Ingles, and nine supermarkets under the brand name Sav-Mor in western North Carolina, western South Carolina, northern Georgia, eastern Tennessee, southwestern Virginia, and northeastern Alabama, as well as 111 pharmacies and 107 fuel stations.Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.

Market Data

Last Price 67.01
Change Percentage -0.40%
Open 66.35
Previous Close 67.28
Market Cap ( Millions) 1246
Volume 103451
Year High 84.97
Year Low 59.73
M A 50 67.72
M A 200 70.29

Financial Ratios

FCF Yield 4.15%
Dividend Yield 0.98%
ROE 6.90%
Debt / Equity 36.55%
Net Debt / EBIDTA 78.93%
Price To Book 0.81
Price Earnings Ratio 11.93
Price To FCF 24.11
Price To sales 0.22
EV / EBITDA 5.44

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Retail

Expected Growth : 3.0 %

What the company do ?

Ingles Markets, Incorporated's Retail segment operates supermarkets, offering a range of food, non-food, and pharmacy products to individual and commercial customers.

Why we expect these perspectives ?

Ingles Markets' 3.0% retail growth is driven by increasing same-store sales, strategic store remodels, and expansion into new markets. Additionally, the company's focus on private label products, competitive pricing, and efficient supply chain management contribute to its growth. Furthermore, Ingles' strong presence in the Southeastern United States, where population growth is above the national average, also supports its retail segment growth.

Segment nΒ°2 -> Other

Expected Growth : 3.0 %

What the company do ?

Other from Ingles Markets, Incorporated refers to the company's miscellaneous revenue streams, including fuel sales, rentals, and other non-grocery items.

Why we expect these perspectives ?

Ingles Markets' 3.0% growth is driven by increasing same-store sales, strategic pricing, and effective cost management. Additionally, the company's focus on private label products, investments in digital transformation, and expansion of its pharmacy services also contribute to its growth momentum.

Ingles Markets, Incorporated Products

Product Range What is it ?
Grocery Products Ingles Markets offers a wide range of grocery products, including fresh produce, meat, dairy, bakery, and packaged goods.
Pharmacy Services Ingles Markets provides pharmacy services, including prescription filling, immunizations, and health screenings.
Fuel Centers Ingles Markets operates fuel centers that offer gasoline, diesel fuel, and convenience items.
Private Label Products Ingles Markets offers a range of private label products, including Laura Lynn dairy products, Ingles brand snacks, and PuriBaby baby care items.
Liquor Stores Ingles Markets operates liquor stores that offer a selection of wine, beer, and spirits.
Floral and Gift Services Ingles Markets offers floral and gift services, including custom bouquets, arrangements, and gift baskets.

Ingles Markets, Incorporated's Porter Forces

Ingles Markets, Incorporated operates in a highly competitive industry, with many substitutes available to customers. However, the company's strong brand recognition and loyalty programs help to mitigate the threat of substitutes.

Ingles Markets, Incorporated operates in an industry where customers have a high degree of bargaining power due to the availability of substitutes and the ease of switching between brands.

Ingles Markets, Incorporated has a diverse supplier base, which reduces the bargaining power of individual suppliers. Additionally, the company's large scale of operations gives it negotiating power over suppliers.

The grocery retail industry has high barriers to entry, including significant capital requirements and the need for a large scale of operations to achieve economies of scale. This makes it difficult for new entrants to compete with established players like Ingles Markets, Incorporated.

The grocery retail industry is highly competitive, with many established players competing for market share. Ingles Markets, Incorporated faces intense competition from national chains and local retailers, which puts pressure on prices and profit margins.

Capital Structure

Value
Debt Weight 27.38%
Debt Cost 5.30%
Equity Weight 72.62%
Equity Cost 7.05%
WACC 6.57%
Leverage 37.71%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
VLGEA Village Super Market, Inc. operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as an on-site bakery, an expanded delicatessen; and various natural and …
UVV Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations and Ingredients Operations. It is involved in the procuring, financing, processing, …
WMK Weis Markets, Inc. engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen …
NGVC Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery …
DNUT Krispy Kreme, Inc., together with its subsidiaries, operates through an omni-channel business model to provide doughnut experiences and produce doughnuts. The company operates through three segments: U.S. and Canada, International, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
67.01$
Current Price
67.01$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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