Ingles Markets, Inc. (NASDAQ:IMKTA)

CAPS Rating: 5 out of 5

The Company supermarkets offer customers a wide variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products.

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Member Avatar elcid24 (70.28) Submitted: 9/24/2014 3:57:05 AM : Outperform Start Price: $24.35 IMKTA Score: +9.55

This is a nice, boring little grocer.

TTM Pre-Tax earnings are $75M. 2012 Pre-Tax earnings were $67M.

ROE is starting to heat up - over the past 3 years ROE has hovered around 8-9%, but ROE the past few quarters has risen to about 12-13%. If the trend continues, this stock should begin to much higher than 1.3x book value.

At a current market cap of $560M, it's only trading at about 7.5x pre-tax profits, and profits seem to be growing.

The company is pretty levered with $900M in debt, but even valuing the company from an enterprise perspective, and using enterprise value ($1,470M), the company is trading at about 6-7x EBITDA. The company could be acquired by a larger player or a PE firm - 7x EBITDA is much cheaper than what Harris Teeter was acquired for.

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Member Avatar tvaluehold (33.50) Submitted: 9/3/2014 10:51:24 PM : Outperform Start Price: $25.58 IMKTA Score: +5.52

pih-cso htd

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Member Avatar Covestor (53.31) Submitted: 3/11/2011 3:32:05 PM : Underperform Start Price: $15.95 IMKTA Score: -16.19

Covestor Model Manager BTC Impex sold IMKTA in his Long-Short Generalist Covestor Model ( http://covestor.com/BTC-Impex )

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Member Avatar lemoneater (69.98) Submitted: 3/1/2011 3:37:19 PM : Outperform Start Price: $16.05 IMKTA Score: +15.44

I've been impressed with their quality and service. Their frozen vegetable selection is fantastic and totally unexpected in a store of their size. Also the meat department is well run. I was delighted that they sold Christmas pudding and certain jams I thought were only available in World Market or the UK. Since I shop here I will consider the high dividend a coupon :)

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Member Avatar RXDOC73 (99.29) Submitted: 1/11/2011 7:56:58 AM : Outperform Start Price: $16.35 IMKTA Score: +7.44

Good Stock and Great Dividend

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Member Avatar shariyud1 (56.30) Submitted: 4/26/2009 6:58:13 AM : Outperform Start Price: $12.63 IMKTA Score: -24.15

Whole foods of the West . Organic market for foods .
nice balance sheet dividends , and pe . Look to grow
its earning with more interest in Organics.

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Member Avatar MTNMAN70 (< 20) Submitted: 3/4/2009 9:33:14 PM : Outperform Start Price: $9.31 IMKTA Score: -2.06

Near 52 week low. Stable business, decent cashflow, probably less capital expenses in future than in recent past.

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Member Avatar newstead (< 20) Submitted: 9/22/2008 6:25:02 PM : Outperform Start Price: $19.37 IMKTA Score: -32.38

Worth $41/share, buy below $27.25/share. 5th generation running company with lower than average salaries. Similar to Costco in services and food goods. Verticle operation with dairies, trucking, and stores. Repeatable business model, but limited to the southeast currently. Might want to own some before they expand beyond that region.

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Member Avatar boiseidfool (95.05) Submitted: 8/18/2008 9:39:46 PM : Outperform Start Price: $19.43 IMKTA Score: -24.59

This stock is projected by Value Line to double earnings in the next five years, has actually doubled earnings in the past five years, is selling at price-earnings multiples (P/Es) that are 110 percent or less of Value Line's projected earnings growth rate, and has a safety rating of average or better.

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Member Avatar Sundanceplus (< 20) Submitted: 10/15/2007 10:48:38 AM : Underperform Start Price: $20.32 IMKTA Score: +2.90

good company but a small dividend return compared to the price of the stock. More porfitable to sell out and buy CD's than remain invested.

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Member Avatar littlejoyusone (32.09) Submitted: 4/21/2007 12:11:35 PM : Outperform Start Price: $29.35 IMKTA Score: -52.74

ER 4/27

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Member Avatar edyost (< 20) Submitted: 4/11/2007 12:19:42 PM : Outperform Start Price: $29.77 IMKTA Score: -58.38

Operates a supermarket chain consisting of 197 stores in Georgia, North Carolina, South Carolina, Tennessee, Virginia, Alabama. The supermarkets offer a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables. Sloid growth over time. will continue.

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Member Avatar mutantninjaturtl (74.66) Submitted: 2/6/2007 1:12:48 AM : Outperform Start Price: $29.49 IMKTA Score: -57.27

Cawabonga!!!!

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Member Avatar martinlemalin (39.92) Submitted: 2/1/2007 12:01:23 AM : Outperform Start Price: $27.04 IMKTA Score: -49.59

.. a value play.

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Member Avatar TMFPencils (99.80) Submitted: 12/16/2006 7:05:34 PM : Outperform Start Price: $21.59 IMKTA Score: -25.42

Primarily run by the Ingle family (the founding family), who owns a good percentage of the company. Ingles has an experienced management team, and a strong foundation of stores with plans to open more in the future.

The balance sheet isn't very strong, but I think it will be strengthened going forward. Right now management is choosing to expand and invest in new equipment, which I think is a good move for this relatively small business.

Sales and earnings are growing incredibly quickly, 2006 has been a record year for earnings. Ingles is expanding nicely, not too fast, and margins still are pretty thin and have lots of room to grow. Once the company gets more settled in, margins will most likely expand.

No analysts are following the stock, and I think a P/E near 25 is too low considering the amazing rate earnings are growing at.

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Member Avatar oldwiseone1 (23.10) Submitted: 10/10/2006 2:57:12 PM : Outperform Start Price: $20.64 IMKTA Score: -27.86

Hugh land holdings another SHLD in the makings

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Member Avatar pace2001 (< 20) Submitted: 9/20/2006 1:43:27 PM : Underperform Start Price: $19.88 IMKTA Score: +26.31

Overvalued.

Results 1 - 17 of 17

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