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Ingles Markets Incorporated

Consumer Defensive US IMKTA

72.35USD
2.45(3.50%)

Last update at 2024-07-11T14:57:00Z

Day Range

70.3572.27
LowHigh

52 Week Range

69.6289.22
LowHigh

Fundamentals

  • Previous Close 69.90
  • Market Cap1374.05M
  • Volume15199
  • P/E Ratio7.87
  • Dividend Yield0.91%
  • EBITDA349.64M
  • Revenue TTM5867.40M
  • Revenue Per Share TTM308.90
  • Gross Profit TTM 1415.77M
  • Diluted EPS TTM9.19

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Income before tax 278.50M 361.27M 327.61M 235.04M 106.60M
Minority interest - - - - -
Net income 210.81M 272.76M 249.73M 178.60M 81.58M
Selling general administrative 1115.38M 1040.19M 963.33M 921.75M 873.86M
Selling and marketing expenses - - - - -
Gross profit 1404.92M 1415.77M 1303.43M 1198.25M 1022.00M
Reconciled depreciation 115.98M 117.80M 117.10M 116.28M 112.52M
Ebit 184.59M 263.62M 225.97M 161.96M 37.44M
Ebitda 300.57M 381.42M 343.07M 278.24M 149.96M
Depreciation and amortization 115.98M 117.80M 117.10M 116.28M 112.52M
Non operating income net other - 5.85M 1.89M - 1.81M
Operating income 292.30M 263.62M 225.97M 161.96M 37.44M
Other operating expenses 5603.25M 5303.26M 4647.82M 4334.11M 4053.89M
Interest expense 22.07M 21.51M 24.33M 40.53M 47.41M
Tax provision 67.69M 88.51M 77.88M 56.44M 25.02M
Interest income - - - - -
Net interest income -22.06829M -21.50813M -24.33214M -40.52910M -47.41010M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 67.69M 88.51M 77.88M 56.44M 25.02M
Total revenue 5892.78M 5678.84M 4987.92M 4610.61M 4202.03M
Total operating expenses 1115.38M 1040.19M 963.33M 921.75M 873.86M
Cost of revenue 4487.87M 4263.07M 3684.49M 3412.36M 3180.03M
Total other income expense net 11.04M 97.65M 101.64M 73.09M 69.16M
Discontinued operations - - - - -
Net income from continuing ops 210.81M 272.76M 249.73M 178.60M 81.58M
Net income applicable to common shares - 272.76M 249.73M 178.60M 81.58M
Preferred stock and other adjustments - - - - -
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Total assets 2473.85M 2295.51M 2018.34M 1899.30M 1867.33M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 22.59M 15.83M 15.09M 15.10M 8.90M
Total liab 1014.87M 1035.92M 1035.09M 1079.97M 1204.61M
Total stockholder equity 1458.97M 1259.59M 983.26M 819.33M 662.72M
Deferred long term liab - 73.58M 72.77M - 75.50M
Other current liab 5.61M 102.77M 4.12M 3.95M 5.03M
Common stock 0.95M 0.95M 0.95M 1.01M 1.01M
Capital stock 0.95M 0.95M 0.95M 1.01M 1.01M
Retained earnings 1444.79M 1246.24M 985.73M 816.26M 650.66M
Other liab - 115.06M 123.19M 128.99M 117.39M
Good will - - - - -
Other assets - 44.75M 31.99M 28.03M 25.96M
Cash 328.54M 267.20M 70.31M 6.90M 42.12M
Cash and equivalents - - - - -
Total current liabilities 330.53M 333.78M 378.87M 323.81M 247.58M
Current deferred revenue 103.36M - 167.72M 96.44M 78.62M
Net debt 221.62M 304.71M 519.20M 598.60M 810.11M
Short term debt 17.53M 17.62M 17.60M 19.31M 12.60M
Short long term debt 17.53M 17.62M 17.60M 19.31M 12.60M
Short long term debt total 550.16M 571.91M 589.51M 605.50M 852.24M
Other stockholder equity -0.00014M -0.00042M 0.00046M 12.31M 12.31M
Property plant equipment - 1374.03M 1410.91M 1401.08M 1344.27M
Total current assets 952.56M 838.13M 575.44M 470.19M 497.10M
Long term investments - - - - -
Net tangible assets - 1259.59M 983.26M 819.33M 662.72M
Short term investments - 0.00000M 5.00M - -
Net receivables 107.57M 97.16M 95.08M 81.36M 71.95M
Long term debt 532.63M 554.29M 571.91M 586.20M 839.64M
Inventory 493.86M 457.95M 389.95M 366.82M 374.13M
Accounts payable 204.04M 213.39M 189.43M 204.11M 151.33M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 13.23M 12.41M -3.42614M -10.25130M -1.26565M
Additional paid in capital - - - - -
Common stock total equity - 0.95M 0.95M 1.01M 1.01M
Preferred stock total equity - - - - -
Retained earnings total equity - 1246.24M 985.73M - 650.66M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -67097.58300M -73494.65200M 72.14M -73259.37700M -75473.04200M
Deferred long term asset charges - - - - -
Non current assets total 1521.29M 1457.38M 1442.90M 1429.11M 1370.22M
Capital lease obligations 45.31M 40.59M 42.52M 49.35M -
Long term debt total - 554.29M 571.91M - 839.64M
Breakdown 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Type yearly yearly yearly yearly yearly
Date 2023-09-30 2022-09-30 2021-09-30 2020-09-30 2019-09-30
Investments -170.09576M -111.99007M -5.00000M -117.35340M -152.79256M
Change to liabilities - 22.62M -7.15263M 62.61M -9.59394M
Total cashflows from investing activities - -111.99007M -127.98484M -117.35340M -152.79256M
Net borrowings - -18.36750M -16.69659M -248.75627M -14.11732M
Total cash from financing activities -34.97418M -30.62324M -114.90246M -267.98485M -27.12287M
Change to operating activities - -5.60820M -12.33330M -17.73979M 33.69M
Net income 210.81M 272.76M 249.73M 178.60M 81.58M
Change in cash 61.34M 196.89M 63.41M -35.22115M 31.59M
Begin period cash flow 267.20M 70.31M 6.90M 42.13M 10.54M
End period cash flow 328.54M 267.20M 70.31M 6.90M 42.13M
Total cash from operating activities 266.41M 339.50M 306.30M 350.12M 211.50M
Issuance of capital stock - - - - -
Depreciation 115.98M 117.80M 117.10M 116.28M 112.52M
Other cashflows from investing activities - 2.62M 17.61M - 8.96M
Dividends paid 12.26M 12.26M 12.63M 13.01M 13.01M
Change to inventory -35.91424M -67.99208M -23.12902M 7.30M -1.93364M
Change to account receivables -10.41307M -2.07560M -13.72366M -9.40704M -1.89441M
Sale purchase of stock 0.00000M 0.00000M -79.99859M 0.00000M -
Other cashflows from financing activities -170.09576M -111.99007M -5.57683M 266.98M 303.81M
Change to netincome - -5.93743M -4.19982M 12.46M -2.86392M
Capital expenditures 173.59M 119.61M 140.60M 122.77M 161.75M
Change receivables - -2.07560M -13.72366M - -1.89441M
Cash flows other operating - 2.33M -4.32648M - 33.69M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 196.89M 63.41M - 31.59M
Change in working capital -58.82865M -53.05990M -56.33861M 42.77M 20.27M
Stock based compensation -2.76975M - -8.87326M 2.67M -4.05239M
Other non cash items 7.88M 6.31M 7.45M 9.06M -0.25854M
Free cash flow 92.82M 219.89M 165.70M 227.35M 49.75M

Peer Comparison

Sector: Consumer Defensive Industry: Grocery Stores

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IMKTA
Ingles Markets Incorporated
2.45 3.50% 72.35 7.87 9.03 0.24 0.93 0.29 4.45
SVNDY
Seven & i Holdings Co Ltd ADR
-0.35 2.90% 11.70 21.78 15.04 0.0029 1.29 0.0044 0.06
SVNDF
Seven & i Holdings Co. Ltd.
-0.26 2.06% 12.34 20.75 14.75 0.0029 1.27 0.0044 0.06
KR
Kroger Company
-0.49 0.92% 52.50 17.56 10.46 0.22 2.92 0.34 7.42
WOLWF
Woolworths Group Limited
0.72 3.16% 23.47 26.66 23.87 0.47 6.75 0.63 8.41

Reports Covered

Stock Research & News

Profile

Ingles Markets, Incorporated, together with its subsidiaries, 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 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. The company operates under the Ingles and Sav-Mor brand names. Ingles Markets, Incorporated was founded in 1963 and is headquartered in Asheville, North Carolina.

Ingles Markets Incorporated

2913 U.S. Hwy., Asheville, NC, United States, 28711

Key Executives

Name Title Year Born
Mr. James W. Lanning CEO, Pres & Director 1959
Ms. Patricia E. Jackson CPA CFO, Sec. & Director 1965
Ms. Cynthia L. Brooks VP of HR 1963
Mr. James W. Lanning CEO, President & Director 1959
Ms. Patricia E. Jackson CPA CFO, VP of Finance, Secretary & Director 1966
Mr. Michael David Hogan President of Milkco 1983
Ms. Cynthia L. Brooks Vice President of Human Resources 1963

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