CASY Intrinsic Value – Casey’s General Stores Reports Strong Quarter with EPS Beat of $0.37
December 13, 2023
☀️Trending News
Casey’s General Stores ($NASDAQ:CASY), a publicly-traded company headquartered in Ankeny, Iowa, recently reported its quarterly earnings, exceeding expectations. The company reported a GAAP earnings per share of $4.24, which beat the expected amount by $0.37, and revenue of $4.06B was in line with forecasts. This strong quarter was spurred by continued growth in both the convenience store and grocery store segments. The convenience stores segment saw increased sales of prepared food and beverage products, while the grocery segment reported strong gains in sales of packaged beverages and cigarettes.
This impressive performance is driven by Casey’s General Stores’ commitment to providing a wide selection of convenience and grocery products at competitive prices and its focus on improving its operational efficiency. The strong quarterly results are a confirmation of the company’s strategy and position as a leader in the convenience store sector.
Earnings
CASEY’S GENERAL STORES recently reported a strong quarter with an earnings per share beat of $0.37. In its earning report of FY2024 Q1 as of July 31 2021, the company earned 3181.99M USD in total revenue and 119.16M USD in net income. When compared to the previous year’s figures, there was a 28.6% decrease in total revenue and a 22.1% decrease in net income. However, CASEY’S GENERAL STORES’s total revenue has grown in the last 3 years from 3181.99M USD to 3869.25M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CASY. More…
| Total Revenues | Net Income | Net Margin |
| 14.51k | 463 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CASY. More…
| Operations | Investing | Financing |
| 834.88 | -543.33 | -164.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CASY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.06k | 3.29k | 74.5 |
Key Ratios Snapshot
Some of the financial key ratios for CASY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.8% | 14.2% | 4.5% |
| FCF Margin | ROE | ROA |
| 2.6% | 15.1% | 6.8% |
Share Price
The company’s stock opened at $272.0 and closed at $273.8, up by 2.2% from the previous closing price of 268.0. This is a promising sign for the company as it indicates customer satisfaction with their products and services. Live Quote…
Analysis – CASY Intrinsic Value
At GoodWhale, we have conducted an analysis of CASEY’S GENERAL STORES’s wellbeing. After careful examination of the company’s financials, we have determined through our proprietary Valuation Line that the intrinsic value of CASEY’S GENERAL STORES share is around $248.3. Therefore, we can conclude that the market is currently pricing the stock at $273.8, which is a fair price but overvalued by 10.3%. More…
Peers
Casey’s General Stores Inc is in competition with Murphy USA Inc, Nanning Department Store Co Ltd, Hunan Friendship & Apollo Commercial Co Ltd. All four of these companies are retailers that offer similar products and services. The competition between these companies is based on price, quality, convenience, and customer service.
– Murphy USA Inc ($NYSE:MUSA)
Murphy USA Inc is a gas station and convenience store chain that operates in the southern and midwestern United States. As of 2022, the company has a market cap of 6.47B and a return on equity of 64.41%. The company was founded in 1996 and is headquartered in El Dorado, Arkansas. Murphy USA operates over 1,400 gas stations and convenience stores across the United States. The company’s gas stations offer a variety of fuels, including regular, premium, and diesel. In addition to gasoline, Murphy USA convenience stores sell a variety of food and beverage items, such as snacks, candy, soft drinks, and coffee.
– Nanning Department Store Co Ltd ($SHSE:600712)
Nanning Department Store Co Ltd has a market cap of $2.04 billion as of 2022 and a Return on Equity of 0.63%. The company operates department stores in Nanning, Guangxi, China. It offers a range of merchandise, including apparel, cosmetics, and home appliances. The company also operates a loyalty program that offers discounts and rewards to customers who shop at its stores.
– Hunan Friendship & Apollo Commercial Co Ltd ($SZSE:002277)
Hunan Friendship & Apollo Commercial Co Ltd is a company that operates in the commercial sector. It has a market capitalization of 4.99 billion as of 2022 and a return on equity of 3.02%. The company focuses on providing commercial services to businesses in China. These services include leasing, property management, and investment management. The company also provides consulting services for businesses expanding into China.
Summary
Casey’s General Stores reported fourth quarter earnings of $4.24 per share, beating analyst expectations by $0.37. Revenue totaled $4.06 billion, which was in line with forecasted numbers. This strong earnings report is a positive sign for investors, suggesting that the company has sustained a good level of profitability despite the ongoing pandemic. Going forward, Casey’s will look to further leverage its digital capabilities to drive growth, build upon its success in fuel and convenience stores, and capitalize on its rapidly growing pizza delivery business.
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