Added to YB: 2024-10-04
Pitch date: 2024-10-02
IMKTA [bullish]
Ingles Markets, Incorporated
+35.36%
current return
Author Info
Company Info
Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the United States.
Market Cap
$1.7B
Pitch Price
$64.22
Price Target
122.76 (+41%)
Dividend
0.74%
EV/EBITDA
6.87
P/E
17.84
EV/Sales
0.35
Sector
Consumer Staples Distribution and Retail
Category
value
Ingles or Ingle's? Who Cares, It's Cheap!
IMKTA: Undervalued supermarket chain at 8.6x P/E, 0.24x P/S. Off-balance sheet real estate worth $658M. 84% owned stores, growing leasing biz. Vertical integration, strong regional presence. Family-owned, conservative management. Sum-of-parts 2033 value $5.6B, discounted to $2.6B vs $1.4B market cap. Potential catalyst: buybacks, privatization.
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