-0.08 | -0.13%
CASEYS GENERAL STORES INC's gross profit margin for the fourth quarter of its fiscal year 2012 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. CASEYS GENERAL STORES INC has very weak liquidity. Currently, the Quick Ratio is 0.18 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 19.02% 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.
| Income Statement | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Net Sales ($mil) | 1808.53 | 1752.5 |
| EBITDA ($mil) | 76.84 | 69.29 |
| EBIT ($mil) | 46.93 | 43.68 |
| Net Income ($mil) | 23.27 | 23.07 |
| Balance Sheet | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Cash & Equiv. ($mil) | 41.27 | 55.92 |
| Total Assets ($mil) | 1984.02 | 1774.82 |
| Total Debt ($mil) | 727.99 | 678.67 |
| Equity ($mil) | 602.3 | 506.04 |
| Profitability | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Gross Profit Margin | 14.73 | 13.99 |
| EBITDA Margin | 4.24 | 3.95 |
| Operating Margin | 2.59 | 2.49 |
| Sales Turnover | 3.65 | 3.94 |
| Return on Assets | 5.57 | 6.58 |
| Return on Equity | 18.36 | 23.07 |
| Debt | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Current Ratio | 0.69 | 0.91 |
| Debt/Capital | 0.55 | 0.57 |
| Interest Expense | 8.74 | 8.75 |
| Interest Coverage | 5.37 | 4.99 |
| Share Data | Q4 FY12 | Q4 FY11 |
|---|---|---|
| Shares outstanding (mil) | 38.33 | 38.14 |
| Div / share | 0.17 | 0.15 |
| EPS | 0.6 | 0.6 |
| Book value / share | 15.71 | 13.27 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 254841.0 | 272180.0 |
BUY. CASEYS GENERAL STORES INC's P/E ratio indicates a premium compared to an average of 18.30 for the Food & Staples Retailing industry and a premium compared to the S&P 500 average of 18.91. Conducting a second comparison, its price-to-book ratio of 4.03 indicates a significant premium versus the S&P 500 average of 2.42 and a premium versus the industry average of 3.44. 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.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CASY 22.13 | Peers 18.30 | CASY NA | Peers 11.18 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. CASY is trading at a premium to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| CASY 16.19 | Peers 17.55 | CASY 1.06 | Peers 2.09 | |||||||||||||||||||||
|
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. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| CASY 4.03 | Peers 3.44 | CASY -5.93 | Peers 13.12 | |||||||||||||||||||||
|
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. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| CASY 0.33 | Peers 0.55 | CASY 3.76 | Peers 5.68 | |||||||||||||||||||||
|
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. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. CASY significantly trails its peers on the basis of sales growth |
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