(NGVC) Natural Grocers by Vitamin - Overview
Sector: Consumer Defensive | Industry: Grocery Stores | Exchange: NYSE (USA) | Market Cap: 669m USD | Total Return: -40.1% in 12m
Avg Turnover: 3.61M
EPS Trend: 98.1%
Qual. Beats: 0
Rev. Trend: 98.4%
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Natural Grocers by Vitamin Cottage (NGVC) is a specialized retailer of natural and organic groceries, dietary supplements, and body care products. Headquartered in Lakewood, Colorado, the company operates a network of neighborhood stores that prioritize strict product standards, such as selling only 100% organic produce and pasture-raised dairy. Beyond retail, the business model integrates science-based nutrition education to drive customer engagement and loyalty.
The company competes in the food retail sector, where private-label expansion is a key margin driver; NGVC leverages its own brand across categories ranging from bulk grains to vitamins. Unlike conventional grocery chains, this model relies on a smaller store footprint and a curated inventory focused on health-conscious consumers. Investors can examine detailed valuation metrics on ValueRay to further analyze the companys market position.
- Private label expansion increases gross margins and enhances customer brand loyalty
- Comparable store sales growth depends on organic produce and supplement demand
- Regional concentration in Western United States exposes revenue to local economic shifts
- Rising labor costs and supply chain inflation pressure operational profit margins
- Consumer health trends drive foot traffic and dietary supplement sales volume
| Net Income: 48.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.16 > 1.0 |
| NWC/Revenue: 0.60% < 20% (prev -0.34%; Δ 0.95% < -1%) |
| CFO/TA 0.14 > 3% & CFO 96.8m > Net Income 48.2m |
| Net Debt (302.3m) to EBITDA (96.5m): 3.13 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (23.1m) vs 12m ago -0.73% < -2% |
| Gross Margin: 29.20% > 18% (prev 0.30%; Δ 2.89k% > 0.5%) |
| Asset Turnover: 198.3% > 50% (prev 195.3%; Δ 3.03% > 0%) |
| Interest Coverage Ratio: 23.55 > 6 (EBITDA TTM 96.5m / Interest Expense TTM 2.73m) |
| A: 0.01 (Total Current Assets 170.6m - Total Current Liabilities 162.5m) / Total Assets 684.7m |
| B: 0.24 (Retained Earnings 167.2m / Total Assets 684.7m) |
| C: 0.10 (EBIT TTM 64.4m / Avg Total Assets 674.6m) |
| D: 0.37 (Book Value of Equity 167.2m / Total Liabilities 453.8m) |
| Altman-Z'' = 1.90 = BBB |
| DSRI: 1.02 (Receivables 13.1m/12.4m, Revenue 1.34b/1.30b) |
| GMI: 1.02 (GM 29.20% / 29.76%) |
| AQI: 1.06 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.03 (Revenue 1.34b / 1.30b) |
| TATA: -0.07 (NI 48.2m - CFO 96.8m) / TA 684.7m) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 28.18 with a total of 77,772 shares traded.
Over the past week, the price has changed by -3.26%,
over one month by +4.54%,
over three months by +5.55% and
over the past year by -40.08%.
Natural Grocers by Vitamin has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy NGVC.
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 46.3 | 64.4% |
P/E Trailing = 13.9567
P/E Forward = 13.7741
P/S = 0.5
P/B = 2.9288
P/EG = 1.44
Revenue TTM = 1.34b USD
EBIT TTM = 64.4m USD
EBITDA TTM = 96.5m USD
Long Term Debt = 1.45m USD (from longTermDebt, last quarter)
Short Term Debt = 41.5m USD (from shortTermDebt, last quarter)
Debt = 323.1m USD (from shortLongTermDebtTotal, last quarter) (leases 323.1m already included)
Net Debt = 302.3m USD (calculated: Debt 323.1m - CCE 20.7m)
Enterprise Value = 971.2m USD (668.9m + Debt 323.1m - CCE 20.7m)
Interest Coverage Ratio = 23.55 (Ebit TTM 64.4m / Interest Expense TTM 2.73m)
EV/FCF = 18.93x (Enterprise Value 971.2m / FCF TTM 51.3m)
FCF Yield = 5.28% (FCF TTM 51.3m / Enterprise Value 971.2m)
FCF Margin = 3.84% (FCF TTM 51.3m / Revenue TTM 1.34b)
Net Margin = 3.60% (Net Income TTM 48.2m / Revenue TTM 1.34b)
Gross Margin = 29.20% ((Revenue TTM 1.34b - Cost of Revenue TTM 947.1m) / Revenue TTM)
Gross Margin QoQ = 28.01% (prev 29.46%)
Tobins Q-Ratio = 1.42 (Enterprise Value 971.2m / Total Assets 684.7m)
Interest Expense / Debt = 0.85% (Interest Expense 2.73m / Debt 323.1m)
Taxrate = 23.12% (4.04m / 17.5m)
NOPAT = 49.5m (EBIT 64.4m * (1 - 23.12%))
Current Ratio = 1.05 (Total Current Assets 170.6m / Total Current Liabilities 162.5m)
Debt / Equity = 1.40 (Debt 323.1m / totalStockholderEquity, last quarter 230.9m)
Debt / EBITDA = 3.13 (Net Debt 302.3m / EBITDA 96.5m)
Debt / FCF = 5.89 (Net Debt 302.3m / FCF TTM 51.3m)
Total Stockholder Equity = 216.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.14% (Net Income 48.2m / Total Assets 684.7m)
RoE = 22.26% (Net Income TTM 48.2m / Total Stockholder Equity 216.5m)
RoCE = 29.56% (EBIT 64.4m / Capital Employed (Equity 216.5m + L.T.Debt 1.45m))
RoIC = 8.93% (NOPAT 49.5m / Invested Capital 554.7m)
WACC = 5.98% (E(668.9m)/V(991.9m) * Re(8.56%) + D(323.1m)/V(991.9m) * Rd(0.85%) * (1-Tc(0.23)))
Discount Rate = 8.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 46.67 | Cagr: 0.24%
[DCF] Terminal Value 73.83% ; FCFF base≈53.8m ; Y1≈49.1m ; Y5≈43.0m
[DCF] Fair Price = 16.54 (EV 683.5m - Net Debt 302.3m = Equity 381.1m / Shares 23.0m; r=8.35% [WACC [floored]]; 5y FCF grow -10.80% → 2.50% )
EPS Correlation: 98.09 | EPS CAGR: 37.65% | SUE: 0.42 | # QB: 0
Revenue Correlation: 98.40 | Revenue CAGR: 7.36% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.52 | Chg30d=+0.00% | Revisions=+20% | Analysts=2
EPS current Year (2026-09-30): EPS=2.12 | Chg30d=+1.92% | Revisions=-20% | GrowthEPS=+6.0% | GrowthRev=+3.8%
EPS next Year (2027-09-30): EPS=2.31 | Chg30d=+7.44% | Revisions=-20% | GrowthEPS=+9.0% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +20%