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:
Below please find a table outlining a discounted cash flow forecast for IMKTA, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Ingles Markets Inc ranked in the 86th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1150.33%. In terms of the factors that were most noteworthy in this DCF analysis for IMKTA, they are:
46% of the company's capital comes from equity, which is greater than merely 24.47% of stocks in our cash flow based forecasting set.
Ingles Markets Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 1.63% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Defensive), Ingles Markets Inc has a reliance on debt greater than 86.67% of them.
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 ANDE, SUMR, NGVC, SFM, and SPTN.
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
ASHEVILLE, N.C.--(BUSINESS WIRE)---- $IMKTA--Ingles Markets, Incorporated (NASDAQ: IMKTA) reports its most recent efforts to recognize and support associates during the COVID-19 crisis. Robert P. Ingle II, Chairman of the Board, stated, “Since the spring, our associates have met the daily challenge of providing what our customers need in a safe and clean environment. We will provide a third bonus payment of $300 to full-time and $150 to part-time active retail, distribution, and corporate associates who w
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
Moody's Investors Service, ("Moody's") today upgraded Ingles Markets, Incorporated's ("Ingles") Corporate Family Rating and Probability of Default Rating to Ba1 and Ba1-PD respectively. In addition, Moody's upgraded the rating of the company's senior unsecured notes to Ba2 from Ba3. "The upgrade reflects Ingles' strong credit metrics and its ability to compete successfully with alternative food retailers and traditional grocers in its markets," Moody's Vice President Mickey Chadha stated.