Casey's General Stores Inc

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CASY : NASDAQ : Services
$109.0 up 1.4 | 1.3%
Today's Range: 107.47 - 109.1
Avg. Daily Volume: 478000.0
09/20/17 - 3:59 PM ET

Financial Analysis


CASEYS GENERAL STORES INC's gross profit margin for the first quarter of its fiscal year 2017 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 0.46 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.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.52% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)2093.741970.08
EBITDA ($mil)155.45157.67
EBIT ($mil)103.08111.81
Net Income ($mil)56.7667.39


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)159.1189.49
Total Assets ($mil)3157.482886.08
Total Debt ($mil)1072.67887.83
Equity ($mil)1166.511149.04


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin22.7722.83
EBITDA Margin7.428.0
Operating Margin4.925.68
Sales Turnover2.422.44
Return on Assets5.288.02
Return on Equity14.320.15
Debt Q1 FY17 Q1 FY16
Current Ratio0.991.04
Debt/Capital0.480.44
Interest Expense11.3810.54
Interest Coverage9.0610.61


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)37.939.18
Div / share0.260.24
EPS1.461.7
Book value / share30.7829.33
Institutional Own % n/a n/a
Avg Daily Volume495336.0484297.0

Valuation


BUY. The current P/E ratio indicates a premium compared to an average of 20.60 for the Food & Staples Retailing industry and a value on par with the S&P 500 average of 24.88. To use another comparison, its price-to-book ratio of 3.42 indicates a premium versus the S&P 500 average of 3.10 and a discount versus the industry average of 3.91. 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 seems to be trading at a premium 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 24.83 Peers 20.60   CASY 9.73 Peers 9.71

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.

 

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 21.93 Peers 18.54   CASY NM Peers 1.48

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 3.42 Peers 3.91   CASY -27.65 Peers 12.73

Discount. 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 discount 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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CASY 0.52 Peers 0.52   CASY 8.32 Peers 6.90

Average. 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 valuation on par with 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 exceeds its peers.

 

 

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