企業概要
Ingles Markets, Incorporated operates a network of supermarkets across the United States, providing a comprehensive selection of food products including grocery items, meat, dairy, produce, and frozen foods, alongside non-food offerings such as fuel and pharmacy services. The company is classified within the Consumer Defensive sector, specifically in the Grocery Stores industry, which positions it as a provider of essential goods that typically exhibit lower sensitivity to economic downturns compared to discretionary sectors. Its market capitalization stands at $1.81B, while its trailing twelve-month revenue is reported at $5.42B, supported by an organizational structure employing approximately 12,152 individuals. These financial figures indicate that Ingles Markets functions as a mid-sized player in the retail landscape, possessing a revenue base that supports its extensive physical footprint but reflecting a market valuation that is modest relative to its total sales volume.
財務健全性
Ingles Markets reported a trailing twelve-month revenue of $5.42B and a net income of $95.13M, resulting in an EBITDA of $265.36M. The substantial gap between the $5.42B in revenue and the $95.13M in net income highlights a cost structure where operating expenses, including cost of goods sold and overhead, absorb the majority of gross inflows before reaching the bottom line. The company generated $107.98M in free cash flow, a metric that signifies the liquidity available for capital expenditures, debt repayment, or potential share buybacks after sustaining its operational obligations. The company maintains a conservative balance sheet with $8.86M in cash against total debt of $647.80M, a disparity underscored by a debt-to-equity ratio of 76.57, suggesting a leveraged position where debt obligations significantly exceed liquid cash reserves. Short-term liquidity is robust, evidenced by a current ratio of 3.36, which implies the firm holds sufficient current assets to cover its current liabilities more than three times over. Return on equity stands at 5.9% while return on assets is 3.5%, revealing that management's effectiveness in generating returns is constrained by the high level of debt utilized to finance its asset base.
バリュエーション評価
The valuation metrics show a trailing P/E ratio of 19.01 and a forward P/E of 20.26, indicating that the market expects earnings growth to slow slightly in the future, as the forward multiple is higher than the trailing multiple. The price-to-book ratio is 1.10, suggesting that the market values the company at just slightly above its book value, implying a lack of significant market premium over the tangible assets of the business. Alternative valuation measures include a price-to-sales ratio of 0.33 and an EV/EBITDA of 9.22, which collectively suggest that the stock is priced attractively relative to its sales volume and earnings power before interest, taxes, depreciation, and amortization. The 52-week high is $95.62 and the low is $59.09, meaning the current trading price sits below the recent peak but remains within the established trading range. The beta value of 0.65 indicates that the stock's price volatility is significantly lower than that of the broader market, offering a relatively stable price trajectory compared to high-beta equities.
Growth & Income
Revenue growth year-over-year is recorded at 3.4%, while earnings growth for the trailing twelve months is listed as N/A, meaning that the growth trajectory of profitability is not explicitly quantified in the provided data for this period. Given the absence of a specific earnings growth rate, it is not possible to definitively state whether earnings are growing faster or slower than revenue, though the positive revenue expansion suggests underlying business traction. The company pays a dividend with a yield of 0.7% and maintains a payout ratio of 13.2%, a low percentage that suggests the dividend is highly sustainable even if earnings fluctuate, as only a small fraction of net income is distributed to shareholders. The overall profile presents a growth story driven by steady revenue increases in a defensive sector, supported by a conservative dividend policy that prioritizes capital retention and debt management over aggressive shareholder payouts.