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SpartanNash

Nasdaq:SPTN
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPTN
Nasdaq
$521M
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

SpartanNash Company distributes and retails grocery products. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • SpartanNash has significant price volatility in the past 3 months.
SPTN Share Price and Events
7 Day Returns
20.3%
NasdaqGS:SPTN
1.5%
US Consumer Retailing
7.2%
US Market
1 Year Returns
-12%
NasdaqGS:SPTN
10.1%
US Consumer Retailing
-10.4%
US Market
SPTN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SpartanNash (SPTN) 20.3% 17.8% 2.6% -12% -58.3% -55.6%
US Consumer Retailing 1.5% 1.6% -8.9% 10.1% 30.2% 22.9%
US Market 7.2% -12.6% -19.4% -10.4% 8.3% 21%
1 Year Return vs Industry and Market
  • SPTN underperformed the Consumer Retailing industry which returned 10.1% over the past year.
  • SPTN underperformed the Market in United States of America which returned -10.4% over the past year.
Price Volatility
SPTN
Industry
5yr Volatility vs Market

SPTN Value

 Is SpartanNash undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SpartanNash to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SpartanNash.

NasdaqGS:SPTN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SPTN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.488 (1 + (1- 21%) (191.8%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.152 * 5.44%)
8.01%

Discounted Cash Flow Calculation for NasdaqGS:SPTN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SpartanNash is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:SPTN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.01%)
2020 57.00 Analyst x1 52.77
2021 86.00 Analyst x1 73.72
2022 79.67 Est @ -7.35% 63.23
2023 75.99 Est @ -4.63% 55.84
2024 73.92 Est @ -2.72% 50.29
2025 72.90 Est @ -1.38% 45.92
2026 72.58 Est @ -0.44% 42.33
2027 72.73 Est @ 0.21% 39.27
2028 73.22 Est @ 0.67% 36.60
2029 73.95 Est @ 0.99% 34.23
Present value of next 10 years cash flows $494.00
NasdaqGS:SPTN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $73.95 × (1 + 1.74%) ÷ (8.01% – 1.74%)
$1,200.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,200.24 ÷ (1 + 8.01%)10
$555.52
NasdaqGS:SPTN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $494.00 + $555.52
$1,049.52
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,049.52 / 36.35
$28.87
NasdaqGS:SPTN Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.87
Current discount Discount to share price of $14.35
= -1 x ($14.35 - $28.87) / $28.87
50.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SpartanNash is available for.
Intrinsic value
>50%
Share price is $14.35 vs Future cash flow value of $28.87
Current Discount Checks
For SpartanNash to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SpartanNash's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SpartanNash's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SpartanNash's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SpartanNash's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SPTN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in USD $0.16
NasdaqGS:SPTN Share Price ** NasdaqGS (2020-03-31) in USD $14.35
United States of America Consumer Retailing Industry PE Ratio Median Figure of 22 Publicly-Listed Consumer Retailing Companies 15.68x
United States of America Market PE Ratio Median Figure of 2,938 Publicly-Listed Companies 13.11x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SpartanNash.

NasdaqGS:SPTN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SPTN Share Price ÷ EPS (both in USD)

= 14.35 ÷ 0.16

87.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpartanNash is overvalued based on earnings compared to the US Consumer Retailing industry average.
  • SpartanNash is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does SpartanNash's expected growth come at a high price?
Raw Data
NasdaqGS:SPTN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 87.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
11.7%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 13 Publicly-Listed Consumer Retailing Companies 2.16x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

NasdaqGS:SPTN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 87.97x ÷ 11.7%

7.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpartanNash is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SpartanNash's assets?
Raw Data
NasdaqGS:SPTN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in USD $18.91
NasdaqGS:SPTN Share Price * NasdaqGS (2020-03-31) in USD $14.35
United States of America Consumer Retailing Industry PB Ratio Median Figure of 29 Publicly-Listed Consumer Retailing Companies 1.12x
United States of America Market PB Ratio Median Figure of 5,134 Publicly-Listed Companies 1.27x
NasdaqGS:SPTN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SPTN Share Price ÷ Book Value per Share (both in USD)

= 14.35 ÷ 18.91

0.76x

* Primary Listing of SpartanNash.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SpartanNash is good value based on assets compared to the US Consumer Retailing industry average.
X
Value checks
We assess SpartanNash's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. SpartanNash has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SPTN Future Performance

 How is SpartanNash expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SpartanNash expected to grow at an attractive rate?
  • SpartanNash's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • SpartanNash's earnings growth is positive but not above the United States of America market average.
  • SpartanNash's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SPTN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SPTN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 11.7%
NasdaqGS:SPTN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 4.9%
United States of America Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SPTN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SPTN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 9,069 163 51 1
2023-12-31 8,905 159 49 1
2022-12-31 8,808 156 47 2
2021-12-31 8,603 174 50 4
2020-12-31 8,735 165 47 4
2020-04-01
2019-12-31 8,535 210 9 3
NasdaqGS:SPTN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-28 8,536 180 6
2019-10-05 8,435 169 -14
2019-07-13 8,322 171 4
2019-04-20 8,222 125 28
2018-12-29 8,065 171 33
2018-10-06 8,053 124 83
2018-07-14 8,035 118 -58
2018-04-21 7,995 123 -54
2017-12-30 7,964 53 -52
2017-10-07 7,906 147 -76
2017-07-15 7,838 138 65
2017-04-22 7,810 136 61
2016-12-31 7,561 156 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SpartanNash's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • SpartanNash's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SPTN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from SpartanNash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SPTN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.49 1.49 1.49 1.00
2023-12-31 1.45 1.49 1.41 2.00
2022-12-31 1.35 1.36 1.34 2.00
2021-12-31 1.37 1.66 1.23 3.00
2020-12-31 1.28 1.50 0.96 3.00
2020-04-01
2019-12-31 0.25 0.25 0.25 1.00
NasdaqGS:SPTN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-28 0.16
2019-10-05 -0.41
2019-07-13 0.10
2019-04-20 0.80
2018-12-29 0.94
2018-10-06 2.34
2018-07-14 -1.60
2018-04-21 -1.48
2017-12-30 -1.41
2017-10-07 -2.05
2017-07-15 1.75
2017-04-22 1.66
2016-12-31 1.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • SpartanNash is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SpartanNash's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SpartanNash has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SPTN Past Performance

  How has SpartanNash performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SpartanNash's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SpartanNash's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SpartanNash's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SpartanNash's 1-year earnings growth is negative, it can't be compared to the US Consumer Retailing industry average.
Earnings and Revenue History
SpartanNash's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SpartanNash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SPTN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 8,536.07 5.77 1,192.20
2019-10-05 8,434.91 -14.33 1,143.55
2019-07-13 8,321.83 3.53 1,088.62
2019-04-20 8,221.85 28.13 1,049.38
2018-12-29 8,064.55 33.05 997.57
2018-10-06 8,053.26 83.44 1,005.72
2018-07-14 8,034.92 -57.56 1,005.58
2018-04-21 7,995.17 -54.06 1,000.93
2017-12-30 7,963.80 -51.71 1,014.67
2017-10-07 7,906.48 -75.53 1,006.17
2017-07-15 7,838.17 65.14 998.06
2017-04-22 7,809.53 61.05 989.95
2016-12-31 7,561.08 56.05 963.57
2016-10-08 7,674.44 61.12 963.26
2016-07-16 7,649.76 58.89 967.57
2016-04-23 7,618.06 61.59 969.58
2016-01-02 7,651.97 62.07 975.57
2015-10-10 7,846.54 57.04 1,002.88
2015-07-18 7,880.71 58.93 1,005.92
2015-04-25 7,895.02 56.08 1,009.29
2015-01-03 7,916.06 58.11 1,022.39
2014-10-04 7,354.95 24.80 972.15
2014-07-12 6,175.47 14.43 857.92
2014-04-19 5,016.42 4.98 744.00
2013-12-28 3,462.97 1.60 577.93
2013-09-14 2,644.57 26.31 488.77
2013-06-22 2,616.65 26.55 485.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SpartanNash has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SpartanNash used its assets less efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
  • SpartanNash's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SpartanNash's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SpartanNash has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SPTN Health

 How is SpartanNash's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SpartanNash's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SpartanNash is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SpartanNash's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SpartanNash's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SpartanNash Company Filings, last reported 3 months ago.

NasdaqGS:SPTN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 687.54 643.59 24.17
2019-10-05 689.30 655.54 23.44
2019-07-13 687.65 663.80 19.95
2019-04-20 693.80 731.18 21.36
2018-12-29 715.95 658.50 18.59
2018-10-06 736.37 703.02 20.67
2018-07-14 724.47 710.66 15.91
2018-04-21 712.04 741.00 17.17
2017-12-30 721.95 749.95 15.67
2017-10-07 705.96 670.94 13.15
2017-07-15 849.07 660.26 22.73
2017-04-22 841.45 675.67 19.52
2016-12-31 825.41 431.10 24.35
2016-10-08 815.58 494.36 26.40
2016-07-16 803.87 492.51 23.82
2016-04-23 791.48 515.20 28.69
2016-01-02 790.78 486.80 22.72
2015-10-10 778.60 547.88 8.51
2015-07-18 765.81 537.68 13.09
2015-04-25 756.61 535.26 8.48
2015-01-03 747.25 570.27 6.44
2014-10-04 744.25 556.88 8.05
2014-07-12 732.83 583.66 6.42
2014-04-19 719.58 605.08 15.06
2013-12-28 706.87 605.66 9.22
2013-09-14 347.55 141.96 5.55
2013-06-22 338.48 151.97 4.16
  • SpartanNash's level of debt (93.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (76.2% vs 93.6% today).
  • Debt is well covered by operating cash flow (28%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SpartanNash's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SpartanNash has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SPTN Dividends

 What is SpartanNash's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.37%
Current annual income from SpartanNash dividends. Estimated to be 6.43% next year.
If you bought $2,000 of SpartanNash shares you are expected to receive $107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SpartanNash's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.95%).
  • SpartanNash's dividend is below the markets top 25% of dividend payers in United States of America (5.4%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SPTN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SPTN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.12 1.00
2023-12-31 1.04 1.00
2022-12-31 0.92 2.00
2021-12-31 0.87 2.00
2020-12-31 0.82 2.00
2020-04-01
2019-12-31 0.76 2.00
NasdaqGS:SPTN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.770 6.275
2019-11-14 0.760 5.698
2019-08-23 0.760 6.277
2019-08-21 0.760 6.893
2019-08-14 0.760 7.014
2019-05-23 0.760 6.751
2019-05-22 0.760 5.694
2019-05-20 0.760 5.400
2019-02-28 0.760 4.636
2018-11-16 0.720 3.745
2018-08-24 0.720 3.731
2018-08-16 0.720 3.489
2018-08-15 0.720 3.357
2018-05-29 0.720 2.894
2018-03-01 0.720 4.010
2017-11-20 0.660 2.791
2017-08-30 0.660 2.689
2017-08-17 0.660 2.704
2017-08-16 0.660 2.606
2017-06-06 0.660 2.441
2017-05-25 0.660 2.190
2017-05-24 0.660 2.012
2017-03-06 0.660 1.891
2016-11-21 0.600 1.577
2016-08-26 0.600 1.999
2016-08-18 0.600 1.863
2016-08-17 0.600 1.957
2016-06-06 0.600 1.983
2016-05-26 0.600 2.066
2016-05-25 0.600 2.182
2016-03-07 0.600 2.124
2015-11-20 0.540 2.525
2015-08-28 0.540 2.013
2015-08-20 0.540 1.814
2015-08-19 0.540 1.658
2015-06-04 0.540 1.675
2015-05-28 0.540 1.702
2015-05-27 0.540 1.709
2015-03-02 0.540 1.770
2014-11-17 0.480 1.876
2014-08-21 0.480 2.272
2014-08-14 0.480 2.246
2014-08-13 0.480 2.224
2014-06-05 0.480 2.230
2014-05-23 0.480 2.072
2014-05-21 0.480 2.060
2014-03-03 0.480 2.159
2013-10-17 0.360 1.553
2013-07-30 0.360 1.681
2013-05-17 0.360 1.874
2013-02-28 0.320 1.854
2012-10-18 0.320 2.081
2012-08-15 0.320 2.069
2012-05-16 0.320 1.870
2012-02-29 0.260 1.453
2011-10-13 0.260 1.465
2011-08-12 0.260 1.696
2011-05-18 0.260 1.429
2011-02-16 0.200 1.317
2010-10-14 0.200 1.254
2010-10-13 0.200 1.267
2010-05-13 0.200 1.406
2010-02-18 0.200 1.360
2009-10-16 0.200 1.453
2009-08-13 0.200 1.440
2009-05-20 0.200 1.510

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SpartanNash's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess SpartanNash's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SpartanNash afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SpartanNash has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SPTN Management

 What is the CEO of SpartanNash's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dennis Eidson
COMPENSATION $281,312
AGE 65
TENURE AS CEO 11.4 years
CEO Bio

Mr. Dennis Eidson has been the President of Spartan Stores Inc. since October 22, 2007 and has been the Chief Executive Officer since October 15, 2008. He serves as an Interim President and CEO of SpartanNash Company since August 12, 2019. Mr. Eidson has been the President of Nash Finch Co. since November 19, 2013. He serves as the President at U Save Foods, Inc. He has experience in the grocery retail and distribution industry. He served as the Chief Executive Officer of SpartanNash Company since October 15, 2008 until May 23, 2017. He served as the President of SpartanNash Company from October 22, 2007 to August 2016. He served as the Chief Operating Officer of Spartan Stores Inc., from February 21, 2007 to October 2008. He served as an Executive Vice President of Spartan Stores Inc. and also its Executive Vice President of Marketing and Merchandising from March 17 2003 to October 22, 2007. He served as the President of Borman's, Inc. (also known as, Farmer Jack Supermarkets). He served as the Chief Operating Officer of SpartanNash Company from February 21, 2007 to October 2008 and as Executive Vice President from February 13, 2007 to October 2008, Executive Vice President of Merchandising since March 17, 2003 and Executive Vice President of Marketing from March 17, 2003 to February 13, 2007. He served as Divisional President and Chief Executive Officer of Great Atlantic and Pacific Tea Company's (A&P) Midwest region from October 2000 to July 2002, its Executive Vice President of Sales and Merchandising from March 2000 to October 2000 and Vice President of Merchandising of A&P's Farmer Jack division from June 1997 to March 2000. He was instrumental in implementing successful and disciplined category management programs for A&P's Farmer Jack retail Grocery Operations. He served as an Assistant General Manager for Nash Finch, Inc.'s Michigan operations. He has spent his entire career working in the Michigan and Ohio region's Grocery Industry, has a profound knowledge of Grocery Industry Primary Markets. He has been Chairman of the Board at SpartanNash Company since June 02, 2016. He has been a Director of SpartanNash Company and Spartan Stores Inc. since October 22, 2007. He serves as a Director of Heart Of West Michigan United Way. He has been a Director of Nash Finch Co. since November 19, 2013. Mr. Eidson is a Graduate of Michigan State University's Food Management program.

CEO Compensation
  • Dennis's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dennis's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SpartanNash management team in years:

2.7
Average Tenure
52.5
Average Age
  • The tenure for the SpartanNash management team is about average.
Management Team

Dennis Eidson

TITLE
Chairman
COMPENSATION
$281K
AGE
65
TENURE
11.4 yrs

Mark Shamber

TITLE
Executive VP & CFO
COMPENSATION
$904K
AGE
50
TENURE
2.5 yrs

Kathy Mahoney

TITLE
Executive VP & Chief Legal Officer
COMPENSATION
$1M
AGE
64
TENURE
4.3 yrs

Yvonne Trupiano

TITLE
Executive VP
COMPENSATION
$656K
AGE
40
TENURE
2 yrs

Tammy Hurley

TITLE
Chief Accounting Officer & VP of Finance
AGE
53
TENURE
3.6 yrs

Arif Dar

TITLE
Chief Information Officer & Senior VP
AGE
50
TENURE
1.2 yrs

Bill Jacobs

TITLE
Vice President of Treasury & Corporate Development
TENURE
3 yrs

Lori Raya

TITLE
Executive VP & Chief Merchandising & Marketing Officer
AGE
52
TENURE
1.1 yrs

Tom Lee

TITLE
Senior VP & Chief Supply Chain Officer
TENURE
2.8 yrs

Tom Swanson

TITLE
Executive VP & GM of Corporate Retail
AGE
57
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the SpartanNash board of directors in years:

6.3
Average Tenure
65
Average Age
  • The tenure for the SpartanNash board of directors is about average.
Board of Directors

Margaret Atkins

TITLE
Independent Director
COMPENSATION
$211K
AGE
62
TENURE
16.6 yrs

Dennis Eidson

TITLE
Chairman
COMPENSATION
$281K
AGE
65
TENURE
3.8 yrs

Yvonne Jackson

TITLE
Independent Director
COMPENSATION
$219K
AGE
69
TENURE
9.4 yrs

William Voss

TITLE
Independent Director
COMPENSATION
$206K
AGE
65
TENURE
6.3 yrs

Doug Hacker

TITLE
Lead Independent Director
COMPENSATION
$219K
AGE
64
TENURE
1.8 yrs

Beth Nickels

TITLE
Independent Director
COMPENSATION
$199K
AGE
57
TENURE
19.6 yrs

Frank Gambino

TITLE
Independent Director
COMPENSATION
$194K
AGE
65
TENURE
16.6 yrs

Peet Proctor

TITLE
Independent Director
COMPENSATION
$194K
AGE
72
TENURE
6.3 yrs

Matt Mannelly

TITLE
Independent Director
COMPENSATION
$174K
AGE
62
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess SpartanNash's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SpartanNash has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SPTN News

Simply Wall St News

Is SpartanNash Company's (NASDAQ:SPTN) Stock Available For A Good Price After Accounting For Growth?

SpartanNash Company (NASDAQ:SPTN) is considered a high-growth stock, but its last closing price of $9.4 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … But, to properly examine the value of a high-growth stock such as SpartanNash, we must reflect its earnings growth into the valuation. … A PE ratio of 11.72x and expected year-on-year earnings growth of 12% give SpartanNash a low PEG ratio of 0.99x.

Simply Wall St -

SpartanNash Company (NASDAQ:SPTN) Might Not Be A Great Investment

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SpartanNash: 0.053 = US$96m ÷ (US$2.4b - US$555m) (Based on the trailing twelve months to April 2019.) Therefore, SpartanNash has an ROCE of 5.3%. … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

Simply Wall St -

What Are Analysts Saying About SpartanNash Company's (NASDAQ:SPTN) Future?

Overall, analyst consensus outlook appear vastly optimistic, with earnings expected to grow by a high double-digit of 53% in the upcoming year, against the previous 5-year average growth rate of -17%. … To get an idea of the overall earnings growth trend for SPTN, I’ve plotted out each year’s earnings expectations and inserted a line of best fit to determine an annual rate of growth from the slope of this line. … NasdaqGS:SPTN Past and Future Earnings, June 25th 2019 By 2022, SPTN's earnings should reach US$60m, from current levels of US$33m, resulting in an annual growth rate of 11%.

Simply Wall St -

How SpartanNash Company (NASDAQ:SPTN) Can Impact Your Portfolio Volatility

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one. … What this means for you: Beta only tells us that the SpartanNash share price is sensitive to broader market movements.

Simply Wall St -

Is SpartanNash Company's (NASDAQ:SPTN) Balance Sheet Strong Enough To Weather A Storm?

Does SPTN Produce Much Cash Relative To Its Debt? … Moreover, SPTN has generated US$171m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 25%, indicating that SPTN’s debt is appropriately covered by operating cash. … Next Steps: SPTN’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

SpartanNash Company (NASDAQ:SPTN): Poised For Long-Term Success?

Help shape the future of investing tools and you could win a $250 gift card! … SpartanNash Company's (NASDAQ:SPTN) released its most recent earnings update in December 2018, which … negative earnings

Simply Wall St -

Is SpartanNash Company (NASDAQ:SPTN) A Smart Choice For Dividend Investors?

Is SpartanNash Company (NASDAQ:SPTN) a good dividend stock? How would you know? A dividend paying company with growing earnings can be rewarding in the long term.. … If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Why We’re Not Impressed By SpartanNash Company’s (NASDAQ:SPTN) 7.5% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Should You Know About SpartanNash Company's (NASDAQ:SPTN) Future?

Looking at SpartanNash Company's (NASDAQ:SPTN) earnings update on 29 December 2018, … as a 48% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of -14%.

Simply Wall St -

Investors Who Bought SpartanNash (NASDAQ:SPTN) Shares Three Years Ago Are Now Down 45%

Unfortunately, that's been the case for longer term SpartanNash Company (NASDAQ:SPTN) shareholders, since the share price is down 45% in the last three years, falling well short of the market return of around 47%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, SpartanNash moved from a loss to profitability.

Simply Wall St -

SPTN Company Info

Description

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 52,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores. This segment also offers various value-added services to retailers. The Military segment sells and distributes grocery products to military commissaries and exchanges located in 39 states across the United States and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Bahrain, Djibouti, and Egypt. The Retail segment primarily operates neighborhood supermarkets. As of March 17, 2020, it operated 155 supermarkets, primarily under the banners of Family Fare, Martin's Super Markets, D&W Fresh Market, VG's Grocery, and Dan's Supermarket. SpartanNash Company also markets and distributes private brand items primarily under the Our Family, Open Acres, Good to Go!, Nash’s Coffee, Crav’n Flavo, Top Care, Tippy Toes, Full Circle Market, Culinary Tours, PAWS Happy Life, Pure Harmony, Red Button Vintage Creamery, Stoked, That’s Smart!, Freedom’s Choice, and Home Base brands. The company was formerly known as Spartan Stores, Inc. and changed its name to SpartanNash Company in November 2013. SpartanNash Company was founded in 1917 and is headquartered in Grand Rapids, Michigan.

Details
Name: SpartanNash Company
SPTN
Exchange: NasdaqGS
Founded: 1917
$520,515,259
36,348,831
Website: http://www.spartannash.com
Address: SpartanNash Company
850 76th Street, S.W.,
PO Box 8700,
Grand Rapids,
Michigan, 49518-8700,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SPTN Common Stock Nasdaq Global Select US USD 02. Aug 2000
DB SRJ Common Stock Deutsche Boerse AG DE EUR 02. Aug 2000
BRSE SRJ Common Stock Berne Stock Exchange CH CHF 02. Aug 2000
Number of employees
Current staff
Staff numbers
13,800
SpartanNash employees.
Industry
Food Distributors
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 00:15
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/12/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.