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:
We started the process of determining a valid price forecast for Ingles Markets Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ingles Markets Inc ranked in the 83th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 927%. In terms of the factors that were most noteworthy in this DCF analysis for IMKTA, they are:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 46. Its equity weight surpasses that of just 13.55% of free cash flow generating stocks in the Consumer Defensive sector.
The business' balance sheet suggests that 54% of the company's capital is sourced from debt; this is greater than 74.26% of the free cash flow producing stocks we're observing.
Ingles Markets Inc's weighted average cost of capital (WACC) is 6%; for context, that number is higher than only 1.77% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Ingles Markets Inc? See CORE, SUMR, ACU, SPTN, and VGR.
Steady Growth at 6.7x P/E, 7.5% FCF Yield, Great Geographical Locations Ingles Markets (IMKTA) is an extremely cheap stock relative to its own history and also peers. It has a very low P/E on FY09/2021 estimates of 6.7x relative to the industry P/E of approximately 20x [comprising of companies and...
Value Investment Principals on Seeking Alpha | September 25, 2020
The retail industry provides a variety of finished goods, both durable and non-durable, to individual consumers and households. The industry also sells services. Products sold by retail companies include apparel, electronics, furniture, kitchenware, sporting goods, books, and toys.
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) today reported increased sales and net income for the three and nine months ended June 27, 2020. The coronavirus (COVID-19) pandemic was declared a national emergency on March 13, 2020. At this time the Company cannot predict the impact of the pandemic on future periods. Robert P. Ingle II, Chairman of the Board, stated, “We are proud to provide service to our customers during such a disruptive time. This is made pos