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IMKTA - Ingles Markets, Incorporated

NASDAQ -> Consumer Defensive -> Grocery Stores
Asheville, United States
Type: Equity

IMKTA price evolution
IMKTA
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 1 May 2023
Current assets
Cash $275.03 $328.54 $280.74 $250.3
Short term investments
Net receivables $116.75 $107.57 $100.82 $96.84
Inventory $501.05 $493.86 $481.96 $474.25
Total current assets $910.99 $952.56 $896.7 $853.67
Long term investments
Property, plant & equipment $1499.72 $1471.47 $1462.95 $1444.13
Goodwill & intangible assets
Total noncurrent assets $1547.87 $1521.29 $1510.45 $1487.4
Total investments
Total assets $2458.86 $2473.85 $2407.15 $2341.06
Current liabilities
Accounts payable $180.51 $204.04 $203.83 $192.29
Deferred revenue
Short long term debt $25.01 $25.76 $24.72 $24.55
Total current liabilities $282.99 $330.53 $313.19 $292.5
Long term debt $561.9 $569.71 $571.72 $574.29
Total noncurrent liabilities $680.4 $684.34 $686.64 $688.36
Total debt $586.91 $595.47 $596.44 $598.83
Total liabilities $963.39 $1014.87 $999.83 $980.86
Shareholders' equity
Retained earnings $1485.12 $1444.79 $1395.21 $1350.02
Other shareholder equity $9.4 $13.23 $11.15 $9.24
Total shareholder equity $1495.47 $1458.97 $1407.32 $1360.21
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Current assets
Cash $328.54 $267.2 $70.31 $6.9
Short term investments $5
Net receivables $107.57 $97.16 $95.08 $81.36
Inventory $493.86 $457.95 $389.95 $366.82
Total current assets $952.56 $838.13 $575.44 $470.19
Long term investments
Property, plant & equipment $1471.47 $1412.63 $1410.91 $1401.08
Goodwill & intangible assets
Total noncurrent assets $1521.29 $1457.38 $1442.9 $1429.11
Total investments $5
Total assets $2473.85 $2295.51 $2018.34 $1899.3
Current liabilities
Accounts payable $204.04 $213.39 $189.43 $204.11
Deferred revenue
Short long term debt $25.76 $25.42 $26.24 $27.69
Total current liabilities $330.53 $333.78 $306.1 $323.81
Long term debt $569.71 $587.08 $605.8 $627.16
Total noncurrent liabilities $684.34 $702.14 $728.99 $756.16
Total debt $595.47 $612.5 $632.04 $654.85
Total liabilities $1014.87 $1035.92 $1035.09 $1079.97
Shareholders' equity
Retained earnings $1444.79 $1246.24 $985.73 $816.26
Other shareholder equity $13.23 $12.41 -$3.43 -$10.25
Total shareholder equity $1458.97 $1259.59 $983.26 $819.33
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1481.06 $1584.99 $1433.87 $1380.6
Cost of revenue $1132.26 $1215.28 $1095.77 $1054.66
Gross Profit $348.8 $369.72 $338.1 $325.94
Operating activities
Research & development
Selling, general & administrative $289.83 $299.4 $270.91 $268.89
Total operating expenses $289.17 $298.12 $270.8 $268.29
Operating income $59.63 $71.6 $67.31 $57.65
Income from continuing operations
EBIT $63.23 $74.57 $69.42 $59.38
Income tax expense $14.13 $16 $15.72 $13.5
Interest expense $5.71 $5.94 $5.44 $5.34
Net income
Net income $43.39 $52.64 $48.26 $40.54
Income (for common shares) $43.39 $52.64 $48.26 $40.54
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $5892.78 $5678.84 $4987.92 $4610.61
Cost of revenue $4487.87 $4263.07 $3684.49 $3412.36
Gross Profit $1404.92 $1415.77 $1303.43 $1198.25
Operating activities
Research & development
Selling, general & administrative $1115.38 $1040.19 $963.33 $921.75
Total operating expenses $1112.61 $1038.84 $953.38 $917.31
Operating income $292.3 $376.93 $350.06 $280.94
Income from continuing operations
EBIT $300.57 $382.78 $351.95 $278.48
Income tax expense $67.69 $88.51 $77.88 $59.35
Interest expense $22.07 $21.51 $24.33 $40.53
Net income
Net income $210.81 $272.76 $249.73 $178.6
Income (for common shares) $210.81 $272.76 $249.73 $178.6
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $43.39 $52.64 $48.26 $40.54
Operating activities
Depreciation $30.49 $30.37 $30.68 $30.07
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $15.54 $89.43 $82.56 $37.15
Investing activities
Capital expenditures -$62.39 -$34.89 -$45.62 -$31.4
Investments
Total cash flows from investing -$62.39 -$34.89 -$45.62 -$31.4
Financing activities
Dividends paid -$3.07 -$3.07 -$3.06 -$3.06
Sale and purchase of stock
Net borrowings -$3.59 -$3.68 -$3.44 -$7.97
Total cash flows from financing -$6.66 -$6.75 -$6.5 -$11.03
Effect of exchange rate
Change in cash and equivalents -$53.51 $47.8 $30.44 -$5.28
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $210.81 $272.76 $249.73 $178.6
Operating activities
Depreciation $122.86 $125.74 $125.11 $125.37
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $266.41 $339.5 $306.3 $350.12
Investing activities
Capital expenditures -$170.1 -$116.99 -$122.98 -$117.35
Investments $5 -$5
Total cash flows from investing -$170.1 -$111.99 -$127.98 -$117.35
Financing activities
Dividends paid -$12.26 -$12.26 -$12.63 -$13.01
Sale and purchase of stock -$80
Net borrowings -$22.71 -$18.37 -$22.27 -$249.61
Total cash flows from financing -$34.97 -$30.62 -$114.9 -$267.98
Effect of exchange rate
Change in cash and equivalents $61.34 $196.89 $63.41 -$35.22
Fundamentals
Market cap $1.46B
Enterprise value $1.77B
Shares outstanding 18.99M
Revenue $5.88B
EBITDA $388.22M
EBIT $266.61M
Net Income $184.83M
Revenue Q/Q -0.82%
Revenue Y/Y N/A
P/E ratio 7.88
EV/Sales 0.30
EV/EBITDA 4.56
EV/EBIT 6.63
P/S ratio 0.25
P/B ratio 0.98
Book/Share 78.24
Cash/Share 14.48
EPS $9.73
ROA 7.64%
ROE 12.92%
Debt/Equity 0.70
Net debt/EBITDA 1.77
Current ratio 3.22
Quick ratio 1.45