Casey's General Stores Inc

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CASY : NASDAQ : Services
$115.78 | %
Today's Range: 114.73 - 116.15
Avg. Daily Volume: 509300.0
05/26/17 - 4:00 PM ET

Financial Analysis


CASEYS GENERAL STORES INC's gross profit margin for the third quarter of its fiscal year 2016 has decreased 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 0.42 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 16.52% 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 FY16 Q3 FY15
Net Sales ($mil)1769.991565.94
EBITDA ($mil)97.31111.54
EBIT ($mil)46.1667.72
Net Income ($mil)22.8438.1


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)115.7253.56
Total Assets ($mil)2976.382670.55
Total Debt ($mil)930.37848.65
Equity ($mil)1215.511043.13


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin22.0123.7
EBITDA Margin5.497.12
Operating Margin2.614.32
Sales Turnover2.432.69
Return on Assets6.538.24
Return on Equity15.9921.11
Debt Q3 FY16 Q3 FY15
Current Ratio0.970.85
Debt/Capital0.430.45
Interest Expense10.5610.13
Interest Coverage4.376.68


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)39.239.05
Div / share0.240.22
EPS0.580.97
Book value / share31.0126.71
Institutional Own % n/a n/a
Avg Daily Volume510453.0516475.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 23.73 for the Food & Staples Retailing industry and a discount compared to the S&P 500 average of 25.54. To use another comparison, its price-to-book ratio of 3.70 indicates a premium versus the S&P 500 average of 3.06 and a discount versus the industry average of 3.90. The current price-to-sales ratio is well below the S&P 500 average, but above the industry average. The valuation analysis reveals that, CASEYS GENERAL STORES INC appears to be valued on par with the 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 23.39 Peers 23.73   CASY 10.25 Peers 9.78

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.

 

Average. 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 valuation on par 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 23.18 Peers 19.21   CASY NM Peers 2.39

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 significant premium to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CASY 3.70 Peers 3.90   CASY -12.17 Peers 6.29

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

CASY is trading at a valuation on par with 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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CASY 0.62 Peers 0.55   CASY 0.69 Peers 0.14

Premium. 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 premium 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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