(IMKTA) Ingles Markets - Overview
Sector: Consumer Defensive | Industry: Grocery Stores | Exchange: NASDAQ (USA) | Market Cap: 1.679m USD | Total Return: 43% in 12m
Avg Turnover: 12.3M
EPS Trend: -79.7%
Rev. Trend: -88.6%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Ingles Markets, Incorporated (IMKTA) operates a regional supermarket chain across the Southeastern United States under the Ingles and Sav-Mor banners. The company’s business model is vertically integrated, featuring an in-house milk processing and packaging subsidiary, Milkco, which serves both internal stores and external wholesale customers. This integration provides a defensive hedge against supply chain volatility common in the grocery sector.
The company focuses on a diversified retail mix that includes traditional groceries, pharmacies, and fuel centers, alongside an emphasis on perishable goods and home meal replacements. In the food retail industry, owning real estate is a significant strategic advantage; Ingles owns a substantial portion of its store locations and shopping centers, rather than leasing them. For a deeper look into these fundamental metrics, you can explore the data on ValueRay.
Headquartered in Asheville, North Carolina, the firm has maintained a regional focus since its founding in 1963. Its product strategy balances national brands with private-label items and locally sourced organic goods to capture a broad consumer demographic.
- High real estate ownership levels provide asset-backed valuation and lower lease expenses
- Retail fuel sales volatility significantly impacts gross margins and total quarterly revenue
- Milk processing plant efficiency and external dairy sales drive vertical integration profitability
- Regional concentration in the Southeast increases vulnerability to localized economic shifts
- Consumer shifts toward private label brands influence overall grocery merchandise margins
| Net Income: 104.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 4.98 > 1.0 |
| NWC/Revenue: 13.23% < 20% (prev 11.53%; Δ 1.70% < -1%) |
| CFO/TA 0.10 > 3% & CFO 256.9m > Net Income 104.3m |
| Net Debt (139.2m) to EBITDA (276.2m): 0.50 < 3 |
| Current Ratio: 3.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 24.50% > 18% (prev 0.23%; Δ 2.43k% > 0.5%) |
| Asset Turnover: 211.5% > 50% (prev 215.9%; Δ -4.33% > 0%) |
| Interest Coverage Ratio: 8.16 > 6 (EBITDA TTM 276.2m / Interest Expense TTM 18.9m) |
| A: 0.28 (Total Current Assets 1.02b - Total Current Liabilities 304.9m) / Total Assets 2.59b |
| B: 0.64 (Retained Earnings 1.66b / Total Assets 2.59b) |
| C: 0.06 (EBIT TTM 154.5m / Avg Total Assets 2.55b) |
| D: 1.78 (Book Value of Equity 1.66b / Total Liabilities 932.9m) |
| Altman-Z'' = 6.16 = AAA |
| DSRI: 1.02 (Receivables 101.2m/99.2m, Revenue 5.40b/5.41b) |
| GMI: 0.94 (GM 24.50% / 22.94%) |
| AQI: 1.00 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.00 (Revenue 5.40b / 5.41b) |
| TATA: -0.06 (NI 104.3m - CFO 256.9m) / TA 2.59b) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 87.44 with a total of 120,307 shares traded.
Over the past week, the price has changed by +1.70%,
over one month by -2.88%,
over three months by +3.51% and
over the past year by +42.99%.
Ingles Markets has no consensus analysts rating.
P/E Trailing = 16.1056
P/E Forward = 8.643
P/S = 0.3113
P/B = 1.0093
P/EG = 0.847
Revenue TTM = 5.40b USD
EBIT TTM = 154.5m USD
EBITDA TTM = 276.2m USD
Long Term Debt = 486.3m USD (from longTermDebt, last quarter)
Short Term Debt = 22.8m USD (from shortTermDebt, last quarter)
Debt = 557.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 26.7m
Net Debt = 139.2m USD (calculated: Debt 557.2m - CCE 418.0m)
Enterprise Value = 1.82b USD (1.68b + Debt 557.2m - CCE 418.0m)
Interest Coverage Ratio = 8.16 (Ebit TTM 154.5m / Interest Expense TTM 18.9m)
EV/FCF = 12.02x (Enterprise Value 1.82b / FCF TTM 151.3m)
FCF Yield = 8.32% (FCF TTM 151.3m / Enterprise Value 1.82b)
FCF Margin = 2.80% (FCF TTM 151.3m / Revenue TTM 5.40b)
Net Margin = 1.93% (Net Income TTM 104.3m / Revenue TTM 5.40b)
Gross Margin = 24.50% ((Revenue TTM 5.40b - Cost of Revenue TTM 4.07b) / Revenue TTM)
Gross Margin QoQ = 24.87% (prev 24.37%)
Tobins Q-Ratio = 0.70 (Enterprise Value 1.82b / Total Assets 2.59b)
Interest Expense / Debt = 3.40% (Interest Expense 18.9m / Debt 557.2m)
Taxrate = 25.88% (8.47m / 32.7m)
NOPAT = 114.5m (EBIT 154.5m * (1 - 25.88%))
Current Ratio = 3.34 (Total Current Assets 1.02b / Total Current Liabilities 304.9m)
Debt / Equity = 0.34 (Debt 557.2m / totalStockholderEquity, last quarter 1.66b)
Debt / EBITDA = 0.50 (Net Debt 139.2m / EBITDA 276.2m)
Debt / FCF = 0.92 (Net Debt 139.2m / FCF TTM 151.3m)
Total Stockholder Equity = 1.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.09% (Net Income 104.3m / Total Assets 2.59b)
RoE = 6.41% (Net Income TTM 104.3m / Total Stockholder Equity 1.63b)
RoCE = 7.31% (EBIT 154.5m / Capital Employed (Equity 1.63b + L.T.Debt 486.3m))
RoIC = 4.95% (NOPAT 114.5m / Invested Capital 2.31b)
WACC = 5.60% (E(1.68b)/V(2.24b) * Re(6.62%) + D(557.2m)/V(2.24b) * Rd(3.40%) * (1-Tc(0.26)))
Discount Rate = 6.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 25.31 | Cagr: 0.0%
[DCF] Terminal Value 77.97% ; FCFF base≈99.4m ; Y1≈113.9m ; Y5≈167.7m
[DCF] Fair Price = 163.9 (EV 2.52b - Net Debt 139.2m = Equity 2.38b / Shares 14.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -79.72 | EPS CAGR: -34.82% | SUE: N/A | # QB: 0
Revenue Correlation: -88.63 | Revenue CAGR: -3.92% | SUE: N/A | # QB: 0