AI Spotlight on IMKTA
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
- Dec -29 - Ingles Markets: Hurricane Helene Impact Is Phasing Out
- Dec -27 - Ingles Markets, Tesla And Other Big Stocks Moving Lower In Friday's Pre-Market Session
- Dec -27 - Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2024
- Dec -26 - Ingles Markets, Incorporated Reports Receipt of Notice from Nasdaq Regarding Delayed Filing of Annual Report on Form 10-K
- Oct -03 - Ingles Markets, Incorporated Reports Update on the Impact of Hurricane Helene
- Sep -13 - 3 Small Cap Gems That Could Be Big Beneficiaries Of This Ongoing Capital Rotation
- Aug -28 - Ingles Markets: Expansion Plan, Quite Undervalued
- Jul -01 - Ingles Markets, Incorporated Declares Quarterly Cash Dividend
- Jun -15 - Ingles Markets' Undervaluation Remains As Investors Get Startled By Slower Inflation
- Mar -28 - 7 Value Stocks to Buy at a 52-Week Low in March
- Feb -08 - Ingles Markets, Incorporated Reports Results for First Quarter Fiscal 2024
- Jan -04 - Ingles Markets: Store Renovation And Undervalued Supermarket Business
- Jan -03 - Ingles Markets: Still Low-Risk And Cheap
- Jan -02 - Ingles Markets, Incorporated Declares Quarterly Cash Dividend
- Nov -29 - Ingles Markets, Incorporated Reports Results for Fourth Quarter and Fiscal Year 2023
- Aug -03 - Ingles Markets, Incorporated Reports Results for Third Quarter and First Nine Months of Fiscal 2023
- Aug -01 - Ingles Markets Seems Like A Low-Risk Pick
- Jul -18 - Bargain Hunting: 7 Value Stocks That Are Priced to Buy Now
- May -13 - Ingles Markets: Hidden Quality In This Regional Grocer
- May -08 - Ingles Markets: Still Attractive Despite Recent Weakness
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
Threat Of Substitutes
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.
Bargaining Power Of Customers
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.
Bargaining Power Of Suppliers
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.
Threat Of New Entrants
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.
Intensity Of Rivalry
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.
Strength
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% |
Ingles Markets, Incorporated : Quality Control
Ingles Markets, Incorporated passed 4 out of 9 key points:
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 β¦ |
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, β¦ |
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 β¦ |
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 β¦ |
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, β¦ |