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Casey's General Stores Inc.
CASY : NASDAQ : Services

$66.53 -0.45 | -0.67%
Today's Range: 66.31 - 67.77
Avg. Daily Volume: 264,900
04/22/14 - 4:00 PM ET

Financial Analysis


CASEYS GENERAL STORES INC's gross profit margin for the third quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. CASEYS GENERAL STORES INC has very weak liquidity. Currently, the Quick Ratio is 0.44 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 20.26% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q3 FY13 Q3 FY12
Net Sales ($mil)1790.061662.37
EBITDA ($mil)65.259.81
EBIT ($mil)32.5231.59
Net Income ($mil)14.6715.46


Balance Sheet Q3 FY13 Q3 FY12
Cash & Equiv. ($mil)102.1626.52
Total Assets ($mil)2226.21934.46
Total Debt ($mil)861.92732.69
Equity ($mil)701.75583.49


Profitability Q3 FY13 Q3 FY12
Gross Profit Margin15.6315.02
EBITDA Margin3.643.59
Operating Margin1.821.9
Sales Turnover3.473.72
Return on Assets6.065.7
Return on Equity19.2318.92
Debt Q3 FY13 Q3 FY12
Current Ratio1.080.71
Debt/Capital0.550.56
Interest Expense9.958.76
Interest Coverage3.273.6


Share Data Q3 FY13 Q3 FY12
Shares outstanding (mil)38.4938.33
Div / share0.180.17
EPS0.380.4
Book value / share18.2315.22
Institutional Own % n/a n/a
Avg Daily Volume277459.0239551.0

Valuation


BUY. CASEYS GENERAL STORES INC's P/E ratio indicates a discount compared to an average of 21.33 for the Food & Staples Retailing industry and a value on par with the S&P 500 average of 18.59. For additional comparison, its price-to-book ratio of 3.64 indicates a premium versus the S&P 500 average of 2.56 and a premium versus the industry average of 3.26. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. The valuation analysis reveals that, CASEYS GENERAL STORES INC seems to be trading at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CASY 19.15 Peers 21.33   CASY 8.45 Peers 12.81

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

CASY is trading at a discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

CASY is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CASY 17.63 Peers 18.68   CASY 0.91 Peers 1.52

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

CASY is trading at a valuation on par with its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

CASY trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CASY 3.64 Peers 3.26   CASY 21.32 Peers 5.56

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CASY is trading at a premium to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

CASY is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CASY 0.33 Peers 0.60   CASY 7.42 Peers 3.13

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

CASY is trading at a significant discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

CASY has a sales growth rate that significantly exceeds its peers.

 

 

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