Ingles Markets, Incorporated - (IMKTA) Company Bio
Ingles Markets operates various supermarkets in the southeast United States. The company was founded in 1963 and is based in Black Mountain, North Carolina.
IMKTA 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 Ingles Markets Inc. To summarize, we found that Ingles Markets Inc ranked in the 85th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 711.67% on a DCF basis. The most interesting components of our discounted cash flow analysis for Ingles Markets Inc ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 57. Its equity weight surpasses that of merely 20.89% of free cash flow generating stocks in the Consumer Defensive sector.
The business' balance sheet reveals debt to be 43% of the company's capital (with equity being the remaining amount). Approximately 73.69% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
Ingles Markets Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than just 2.64% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Ingles Markets, Incorporated (NASDAQ: IMKTA) today announced that its Board of Directors has declared a cash dividend of $0.165 (sixteen and one-half cents) per share on all its Class A Common Stock and $0.15 (fifteen cents) per share on all its Class B Common Stock. This is an annual rate of $0.66 and $0.60 per share, respectively. Dividends on both the Class A and Class B Common Stock are payable January 14, 2021, to all shareholders of record on January 7, 2021.
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--The FDA announced it has granted its first emergency use authorization for COVID-19 vaccine. Ingles Markets, Incorporated (NASDAQ: IMKTA) is enthusiastic about this landmark announcement and continues to work with the federal, state, and local governments in preparation to provide COVID vaccine, first to high priority populations as defined by CDC and state governments, then to the general population as vaccines becomes more widely available in 2021. “Ingles ph