CASEYS GENERAL STORES INC's gross profit margin for the first quarter of its fiscal year 2014 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 0.37 which clearly shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 17.97% 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||Q1 FY14||Q1 FY13|
|Net Sales ($mil)||2291.19||2114.75|
|Net Income ($mil)||52.29||55.71|
|Balance Sheet||Q1 FY14||Q1 FY13|
|Cash & Equiv. ($mil)||116.75||190.95|
|Total Assets ($mil)||2376.59||2192.43|
|Total Debt ($mil)||853.97||819.85|
|Profitability||Q1 FY14||Q1 FY13|
|Gross Profit Margin||16.33||16.34|
|Return on Assets||5.51||5.8|
|Return on Equity||17.0||19.48|
|Debt||Q1 FY14||Q1 FY13|
|Share Data||Q1 FY14||Q1 FY13|
|Shares outstanding (mil)||38.65||38.41|
|Div / share||0.2||0.18|
|Book value / share||19.95||17.01|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||244021.0||178626.0|
BUY. CASEYS GENERAL STORES INC's P/E ratio indicates a premium compared to an average of 24.63 for the Food & Staples Retailing industry and a premium compared to the S&P 500 average of 19.91. Conducting a second comparison, its price-to-book ratio of 4.29 indicates a significant premium versus the S&P 500 average of 2.75 and a premium versus the industry average of 3.60. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. After reviewing these and other key valuation criteria, CASEYS GENERAL STORES INC proves to trade at a premium to investment alternatives within the industry.
|CASY 25.39||Peers 24.63||CASY 11.30||Peers 13.34|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
CASY is trading at a valuation on par with 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 discount to its peers.
|CASY 21.44||Peers 19.73||CASY 2.84||Peers 3.53|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
CASY is trading at a premium to 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 discount to its peers.
|CASY 4.29||Peers 3.60||CASY 2.74||Peers 4.87|
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.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, CASY is expected to significantly trail its peers on the basis of its earnings growth rate.
|CASY 0.41||Peers 0.61||CASY 6.92||Peers 5.17|
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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