Ingles Markets Intrinsic Stock Value – Ingles Markets Reports $2.77 GAAP EPS and $1.58B Revenue

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According to the report, the company achieved a GAAP Earnings Per Share (EPS) of $2.77 and total revenue of $1.58 billion. Ingles Markets ($NASDAQ:IMKTA) is a publicly traded company operating supermarkets across the Southeast with a presence in six states, including Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama. The company also operates pharmacies and fuel centers in select locations.

Earnings

INGLES MARKETS recently released their earning report for FY2023 Q3 as of June 30 2021, revealing a total revenue of $2.77 billion and a net income of $71.97 million. Compared to the previous year, the company experienced a 12.4% decrease in total revenue, yet a 6.2% increase in net income. Despite the decrease in revenue, INGLES MARKETS has seen a steady increase in total revenue over the past three years, ranging from $1277.47 million to $1433.87 million.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ingles Markets. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ingles Markets. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ingles Markets. More…

Key Ratios Snapshot

Some of the financial key ratios for Ingles Markets are shown below. More…

Stock Price

On Wednesday, INGLES MARKETS stock opened at $80.1 and closed at $80.9, representing a 0.9% increase from the prior closing price of $80.2. This is indicative of the strong performance of the company for the quarter, as the EPS and revenue figures exceeded analysts’ expectations. Live Quote…

Analysis – Ingles Markets Intrinsic Stock Value

At GoodWhale, we conducted a thorough analysis of INGLES MARKETS to assess its wellbeing. Our proprietary Valuation Line indicated that the fair value of INGLES MARKETS was around $83.6. However, market prices are currently at $80.9, which means that the stock is undervalued by 3.2%. This provides a great opportunity for value-minded investors to buy the stock at a discount. More…

Peers

The grocery store industry is highly competitive. Ingles Markets Inc competes against PesoRama Inc, Halows Co Ltd, and X5 Retail Group NV. All of these companies are striving to be the best in the industry and offer the best products and services to their customers.

– PesoRama Inc ($TSXV:PESO)

PesoRama Inc is a publicly traded company with a market cap of 10.57M as of 2022. The company has a Return on Equity of -102.32%. PesoRama Inc is a provider of financial services. The company offers a variety of services including peso-denominated accounts, money transfers, foreign exchange, and credit products.

– Halows Co Ltd ($TSE:2742)

As of 2022, Halows Co Ltd has a market cap of 62.57B and a Return on Equity of 11.12%. The company is engaged in the business of providing software and services to the financial industry. Halows Co Ltd has a strong presence in the US, UK, Canada, and Australia. The company has a diversified product portfolio and a strong customer base.

Summary

Ingles Markets is a grocery store chain operating in the Southeastern United States. It recently reported a GAAP Earnings Per Share (EPS) of $2.77 and a revenue of $1.58B, for the most recent quarter ended June 30th. Its steady revenue growth, increasing margins, and cost control measures should allow it to generate strong profits in the future.