Casey's General Stores operates convenience stores in the Midwest, offering a selection of food, including freshly prepared foods, beverage and tobacco products, health and beauty aids, automotive products, as well as gasoline. The company was founded in 1959 and is based in Ankeny, Iowa.
CASY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Caseys General Stores Inc. To summarize, we found that Caseys General Stores Inc ranked in the 75th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 317% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Caseys General Stores Inc, consider:
The compound growth rate in the free cash flow of Caseys General Stores Inc over the past 4.76 years is 0.6%; that's better than 83.31% of cash flow producing equities in the Consumer Defensive sector, where it is classified.
Caseys General Stores Inc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 23.56% of tickers in our DCF set.
CASY's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than merely 23.56% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Defensive that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CASY, try KR, STKL, GPX, BGS, and ELF.
JPMorgan lowers Casey's General Stores (CASY) to an Underweight rating after having the retailer slotted at Neutral. "While we think CASY has made impressive progress on structurally improving fuel margin (ex COVID-19) and should have similar success with its inside the store initiatives, we think some portion of CASY’s customer...
Casey's General Stores, Inc. (CASY) Q1 2021 Earnings Conference Call September 9, 2020 10:30 A.M. ET Company Participants Brian Johnson - Senior Vice President, Investor Relations and Business Development Darren Rebelez - President and Chief Executive Officer Steve Bramlage - Chief Financial Officer Conference Call Participants Kate Howard - Barclays...
SA Transcripts on Seeking Alpha | September 9, 2020
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]