企業概要
Albertsons Companies, Inc. operates within the United States as a prominent entity in the food and drug retail industry, providing a comprehensive array of grocery products, general merchandise, health and beauty care items, pharmacy services, fuel, and various other goods through its extensive network of subsidiary stores. This enterprise is firmly situated within the Consumer Defensive sector, which implies that its sales volumes typically remain resilient during periods of economic downturn as consumers continue to purchase essential staples. The company demonstrates significant scale with a market capitalization of 96 億ドル (9.60B) and an annual revenue (TTM) of 817.2 億ドル (81.72B), supported by a workforce comprising 28 万人 (280,000) employees. These financial figures indicate that Albertsons Companies, Inc. maintains a substantial market presence, positioning it as a major player capable of influencing consumer pricing and supply chain dynamics within the competitive grocery landscape.
財務健全性
The company's financial performance for the trailing twelve months is characterized by a revenue of 817.2 億ドル (81.72B), generating a net income of 8.7 億ドル (8.70B) and an EBITDA of 36.1 億ドル (3.61B). The substantial disparity between the total revenue figure and the net income amount reveals a cost structure where operating expenses, including cost of goods sold and overhead costs, consume the majority of gross sales before reaching the bottom line. Free cash flow stands at 12.5 億ドル (1.25B), which signifies the cash generated after capital expenditures, providing the management team with the financial flexibility to manage liquidity, service debt obligations, or potentially fund future expansion without immediate reliance on external financing. Profitability analysis across all three margins shows a gross margin of 27.1%, an operating margin of 2.9%, and a profit margin of 1.1%, indicating that the company retains a significant portion of revenue at the gross level but faces intense pressure from operating expenses that compresses the final profit margin significantly. Regarding liquidity and leverage, the company holds cash of 20.87 億ドル (20.87B) against total debt of 154.3 億ドル (15.43B), resulting in a debt-to-equity ratio of 616.82, which suggests a highly leveraged balance sheet relative to shareholders' equity. The current ratio is 0.91, indicating that the company's current assets fall slightly short of covering its current liabilities, which points to potential challenges in short-term liquidity management. Return metrics show a Return on Equity of 29.7% and a Return on Assets of 4.3%, revealing that while the company generates strong returns on the equity invested by shareholders, the return on the total asset base is more modest, reflecting the heavy debt load and the capital-intensive nature of the grocery retail business.
バリュエーション評価
Valuation multiples indicate a trailing P/E ratio of 11.34 and a forward P/E of 7.61, where the lower forward multiple implies that the market expects earnings to increase in the coming period, thereby compressing the valuation ratio as future earnings are anticipated to be higher than current ones. The price-to-book ratio stands at 3.59, suggesting that the market values the company at a significant premium over its book value, reflecting intangible assets, brand value, or growth expectations not captured in the tangible asset base. Alternative valuation metrics include a price-to-sales ratio of 0.12 and an EV/EBITDA of 6.71, which provide a different perspective on value by relating market price to total sales and enterprise value to operating cash flow, respectively, often offering a clearer picture of operational efficiency and enterprise value independent of capital structure. The stock has traded within a 52-week range bounded by a high of 22.78 ドル (22.78) and a low of 15.80 ドル (15.80), and without a specific current price provided in the facts, the relative position to this range remains undefined based solely on the available data points. The beta value is 0.27, indicating that the stock's price volatility is substantially lower than that of the broader market, making it a relatively stable investment that tends to move less than the overall market index during periods of fluctuation.
Growth & Income
Growth dynamics for the trailing twelve months show a revenue growth rate of 1.9% year-over-year alongside an earnings growth rate of -20.3%, indicating that earnings are declining much faster than revenue, which implies a deterioration in profitability per unit sold or a significant increase in operating costs that outpaces top-line expansion. As a dividend payer, the company offers a dividend yield of 3.4% with a payout ratio of 39.0%, suggesting that the current dividend payments are supported by a moderate portion of earnings, though the declining earnings growth rate warrants monitoring to ensure the sustainability of this payout in future periods. The divergence between positive revenue growth and negative earnings growth highlights a structural challenge where top-line expansion is not translating into proportional bottom-line improvements. Overall, the growth and income profile presents a scenario of modest top-line expansion coupled with a contracting earnings base and a maintained dividend yield, requiring investors to weigh the stability of income against the underlying pressure on profitability metrics.