NGVC - Natural Grocers by Vitamin Cottage, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$40.00
DETAILS
HIGH:
$40.00
LOW:
$40.00
MEDIAN:
$40.00
CONSENSUS:
$40.00
UPSIDE:
39.08%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||
| Revenue | 1,330.8 | 1,241.6 | 1,140.6 | 1,089.6 | 1,055.5 | 1,036.8 | 903.6 | 849.0 | 769.0 | 705.5 | 624.7 | 520.7 | 430.7 | 336.4 | 264.5 | 226.9 | 206.1 |
| Cost of Revenue | 933.0 | 876.8 | 813.6 | 784.7 | 763.3 | 753.7 | 664.8 | 623.5 | 556.7 | 503.7 | 442.6 | 369.2 | 304.9 | 237.3 | 187.2 | 159.8 | 145.9 |
| Gross Profit | 397.9 | 364.8 | 326.9 | 304.9 | 292.2 | 283.1 | 238.8 | 225.6 | 212.3 | 201.8 | 182.1 | 151.5 | 125.7 | 99.1 | 77.4 | 67.1 | 60.1 |
| Operating Expenses | |||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 41.4 | 37.0 | 34.4 | 31.6 | 28.4 | 26.8 | 22.8 | 21.5 | 20.1 | 19.2 | 17.5 | 14.8 | 13.5 | 12.7 | 10.4 | 53.0 | 51.8 |
| Other Expenses | 294.5 | 280.8 | 260.9 | 243.2 | 235.5 | 228.6 | 199.2 | 189.0 | 178.1 | 162.2 | 136.0 | 112.4 | 93.2 | 74.3 | 59.6 | 5.1 | 0 |
| Operating Expenses | 335.9 | 317.8 | 295.3 | 274.7 | 263.9 | 255.4 | 222.0 | 210.5 | 198.2 | 181.4 | 153.5 | 127.3 | 106.6 | 87.1 | 70.0 | 58.1 | 51.8 |
| Operating Income | |||||||||||||||||
| Operating Income | 62.0 | 47.0 | 31.7 | 30.2 | 28.3 | 27.7 | 16.8 | 15.1 | 14.1 | 20.4 | 28.6 | 24.2 | 19.1 | 12.3 | 7.4 | 9.0 | 8.3 |
| Interest Expense | 3.1 | 4.2 | 3.3 | 2.4 | 2.3 | 2.0 | 5.0 | 4.6 | 3.8 | 3.0 | 3.0 | 2.5 | 2.2 | 0.6 | 0.7 | 1.0 | 1.1 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||||
| EBITDA | 93.8 | 77.9 | 62.1 | 58.8 | 58.8 | 59.7 | 46.2 | 15.1 | 14.1 | 20.4 | 50.0 | 41.5 | 32.6 | 22.0 | 15.2 | 14.6 | 12.5 |
| EBIT | 62.0 | 47.0 | 31.7 | 30.2 | 28.3 | 27.7 | 16.8 | 15.1 | 14.1 | 20.4 | 28.6 | 24.2 | 19.1 | 12 | 7.4 | 9.0 | 8.2 |
| Income Before Tax | 58.9 | 42.8 | 28.4 | 27.8 | 26.1 | 25.7 | 11.8 | 10.5 | 10.3 | 17.3 | 25.6 | 21.8 | 16.9 | 11.4 | 6.8 | 8.1 | 7.1 |
| Income Tax Expense | 12.5 | 8.9 | 5.1 | 6.4 | 5.5 | 5.7 | 2.4 | (2.2) | 3.4 | 5.9 | 9.4 | 8.3 | 6.4 | 4.0 | 2.2 | 2.5 | 2.0 |
| Net Income | 46.4 | 33.9 | 23.2 | 21.4 | 20.6 | 20.0 | 9.4 | 12.7 | 6.9 | 11.5 | 16.2 | 13.5 | 10.6 | 6.6 | 3.5 | 4.4 | 3.5 |
| Per Share Data | |||||||||||||||||
| EPS (Basic) | 2.02 | 1.49 | 1.02 | 0.94 | 0.91 | 0.89 | 0.42 | 0.57 | 0.31 | 0.51 | 0.72 | 0.60 | 0.47 | 0.30 | 0.16 | 0.20 | 0.16 |
| EPS (Diluted) | 2.00 | 1.47 | 1.02 | 0.94 | 0.91 | 0.89 | 0.42 | 0.56 | 0.31 | 0.51 | 0.72 | 0.60 | 0.47 | 0.30 | 0.16 | 0.20 | 0.16 |
| Shares Outstanding | 22.9 | 22.8 | 22.7 | 22.7 | 22.6 | 22.5 | 22.4 | 22.4 | 22.5 | 22.5 | 22.5 | 22.5 | 22.4 | 22.4 | 22.4 | 22.4 | 22.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 17.1 | 8.9 | 18.3 | 12.0 | 23.7 | 28.5 | 6.2 | 9.4 | 6.5 | 4.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 12.0 | 12.6 | 10.8 | 10.5 | 8.5 | 8.5 | 5.1 | 4.7 | 4.9 | 3.7 |
| Inventory | 133.0 | 120.7 | 119.3 | 113.8 | 100.5 | 100.2 | 96.2 | 94.2 | 93.6 | 86.3 |
| Other Current Assets | 6.0 | 4.9 | 4.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 168.1 | 147.1 | 152.6 | 140.7 | 135.6 | 143.4 | 115.2 | 111.0 | 108.2 | 97.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 485.2 | 494.5 | 502.1 | 507.9 | 507.2 | 527.3 | 201.6 | 188.8 | 184.4 | 178.3 |
| Goodwill | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 | 5.2 |
| Intangible Assets | 11.7 | 8.3 | 8.9 | 8.9 | 6.6 | 5.3 | 3.4 | 0.5 | 0.5 | 0.4 |
| Long-Term Investments | 0 | 0 | (14.4) | 0 | (15.3) | (14.4) | (10.4) | (6.4) | (12.4) | (12.1) |
| Other Non-Current Assets | 0.3 | 0.5 | 0.4 | (15.4) | 0.5 | 0.6 | 1.7 | 1.7 | 1.6 | 1.0 |
| Total Non-Current Assets | 502.4 | 508.4 | 516.6 | 522.4 | 519.5 | 538.4 | 211.9 | 196.1 | 191.8 | 184.9 |
| Total Assets | 670.5 | 655.5 | 669.2 | 663.1 | 655.1 | 681.8 | 327.1 | 307.1 | 300.0 | 282.2 |
| Current Liabilities | ||||||||||
| Account Payables | 81.0 | 88.4 | 80.7 | 71.3 | 68.9 | 69.2 | 63.2 | 61.1 | 56.8 | 53.6 |
| Short-Term Debt | 0 | 39.9 | 1.8 | 1.8 | 1.8 | 35.0 | 1.0 | 0.7 | 0.5 | 0.5 |
| Deferred Revenue | 1.9 | 1.9 | 1.9 | 1.8 | 2.2 | 1.8 | 1.4 | 1.5 | 0.9 | 0.9 |
| Other Current Liabilities | 0 | (27.8) | 0 | 0 | 0 | (25.4) | 8.2 | 8.7 | 7.3 | 6.7 |
| Total Current Liabilities | 158.8 | 164.1 | 154.0 | 137.7 | 133.8 | 129.2 | 83.3 | 79.7 | 71.6 | 66.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 263.4 | 5.9 | 13.9 | 21.9 | 365.1 | 5.7 | 13.2 | 28.4 | 27.4 |
| Deferred Tax Liabilities | 7.9 | 10.5 | 14.4 | 15.9 | 15.3 | 14.4 | 10.4 | 6.4 | 12.4 | 12.2 |
| Other Non-Current Liabilities | 0 | (263.4) | 0 | 29.8 | 37.2 | 14.4 | 19.4 | 20.6 | 20.9 | 17.9 |
| Total Non-Current Liabilities | 299.3 | 317.1 | 344.3 | 369.6 | 378.6 | 379.6 | 86.9 | 80.7 | 94.5 | 89.0 |
| Total Liabilities | 458.1 | 481.2 | 498.3 | 507.3 | 512.3 | 508.7 | 170.2 | 160.4 | 166.1 | 155.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 149.3 | 113.9 | 111.9 | 97.7 | 85.4 | 116.3 | 100.9 | 91.5 | 78.8 | 72.0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | (205.5) | 0 | (164.7) | (143.4) | (114.5) |
| Total Stockholders' Equity | 212.4 | 174.3 | 170.8 | 155.8 | 142.7 | 173.1 | 156.9 | 146.7 | 133.9 | 126.7 |
| Total Liabilities & Equity | 670.5 | 655.5 | 669.2 | 663.1 | 655.1 | 681.8 | 327.1 | 307.1 | 300.0 | 282.2 |
| Debt Metrics | ||||||||||
| Total Debt | 332.0 | 346.5 | 370.2 | 393.4 | 401.5 | 400.1 | 58.2 | 54.3 | 61.8 | 59.3 |
| Net Debt | 314.9 | 337.6 | 351.8 | 381.3 | 377.8 | 371.6 | 52.0 | 44.9 | 55.3 | 55.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 46.4 | 33.9 | 23.2 | 21.4 | 20.6 | 20.0 | 9.4 | 12.7 | 6.9 | 11.5 |
| Depreciation & Amortization | 31.8 | 30.9 | 28.9 | 27.9 | 29.6 | 31.2 | 29.0 | 29.4 | 29.5 | 25.5 |
| Stock-Based Compensation | 4.0 | 2.8 | 1.4 | 1.2 | 0.9 | 1.1 | 1.2 | 0.8 | 0.8 | 0.9 |
| Change in Working Capital | 10.1 | 8.1 | 10.9 | (14.4) | 0.5 | 9.8 | (6.4) | 5.3 | 3.5 | (16.0) |
| Other Non-Cash Items | (34.4) | 2.0 | 1.7 | 3.0 | 1.4 | 0.6 | 0.3 | 0.6 | (0.0) | 0.0 |
| Operating Cash Flow | 55.3 | 73.8 | 64.6 | 39.7 | 53.9 | 66.5 | 37.4 | 42.9 | 40.8 | 28.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (31.2) | (38.7) | (38.1) | (31.4) | (28.3) | (29.6) | (32.7) | (23.7) | (41.2) | (53.8) |
| Acquisitions | 0 | 0 | 0 | 0.0 | 0.1 | 0 | 0.8 | 0.0 | 2.7 | 0.0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (31.0) | (1.1) | (1.4) | 0.3 | 0.4 | 0.0 | 0.0 | 0.2 | 2.7 | 0.0 |
| Investing Cash Flow | (31.0) | (38.6) | (38.0) | (31.1) | (27.8) | (29.6) | (31.9) | (23.5) | (38.5) | (53.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (38.3) | (11.3) | (10.8) | (10.7) | 20.9 | (8.0) | (8.3) | (15.8) | 0.5 | 27.0 |
| Stock Repurchased | (1.3) | (1.4) | (0.2) | (0.4) | (0.3) | (0.3) | (0.4) | (0.6) | (0.3) | (0.8) |
| Dividends Paid | (11.0) | (31.9) | (9.1) | (9.1) | (51.5) | (6.3) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 34.4 | (0.0) | (0.3) | 0 | (0.1) | 0 | 0 | (0.1) | (0.1) | (0.2) |
| Financing Cash Flow | (16.1) | (44.6) | (20.4) | (20.2) | (31.0) | (14.6) | (8.7) | (16.4) | 0.2 | 26.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 8.2 | (9.5) | 6.3 | (11.6) | (4.9) | 22.3 | (3.2) | 2.9 | 2.5 | 1.1 |
| Cash at Beginning | 8.9 | 18.3 | 12.0 | 23.7 | 28.5 | 6.2 | 9.4 | 6.5 | 4.0 | 2.9 |
| Cash at End | 17.1 | 8.9 | 18.3 | 12.0 | 23.7 | 28.5 | 6.2 | 9.4 | 6.5 | 4.0 |
| Free Cash Flow | 24.1 | 35.1 | 26.5 | 8.2 | 25.6 | 36.9 | 4.6 | 19.1 | (0.4) | (24.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||
| Revenue | 1,330.8 | 1,241.6 | 1,140.6 | 1,089.6 | 1,055.5 | 1,036.8 | 903.6 | 849.0 | 769.0 | 705.5 | 624.7 | 520.7 | 430.7 | 336.4 | 264.5 | 226.9 | 206.1 |
| Gross Profit | 397.9 | 364.8 | 326.9 | 304.9 | 292.2 | 283.1 | 238.8 | 225.6 | 212.3 | 201.8 | 182.1 | 151.5 | 125.7 | 99.1 | 77.4 | 67.1 | 60.1 |
| Operating Income | 62.0 | 47.0 | 31.7 | 30.2 | 28.3 | 27.7 | 16.8 | 15.1 | 14.1 | 20.4 | 28.6 | 24.2 | 19.1 | 12.3 | 7.4 | 9.0 | 8.3 |
| Net Income | 46.4 | 33.9 | 23.2 | 21.4 | 20.6 | 20.0 | 9.4 | 12.7 | 6.9 | 11.5 | 16.2 | 13.5 | 10.6 | 6.6 | 3.5 | 4.4 | 3.5 |
| EPS (Diluted) | 2.00 | 1.47 | 1.02 | 0.94 | 0.91 | 0.89 | 0.42 | 0.56 | 0.31 | 0.51 | 0.72 | 0.60 | 0.47 | 0.30 | 0.16 | 0.20 | 0.16 |
| Balance Sheet | |||||||||||||||||
| Cash & Equivalents | 17.1 | 8.9 | 18.3 | 12.0 | 23.7 | 28.5 | 6.2 | 9.4 | 6.5 | 4.0 | |||||||
| Total Assets | 670.5 | 655.5 | 669.2 | 663.1 | 655.1 | 681.8 | 327.1 | 307.1 | 300.0 | 282.2 | |||||||
| Total Debt | 332.0 | 346.5 | 370.2 | 393.4 | 401.5 | 400.1 | 58.2 | 54.3 | 61.8 | 59.3 | |||||||
| Stockholders' Equity | 212.4 | 174.3 | 170.8 | 155.8 | 142.7 | 173.1 | 156.9 | 146.7 | 133.9 | 126.7 | |||||||
| Cash Flow | |||||||||||||||||
| Operating Cash Flow | 55.3 | 73.8 | 64.6 | 39.7 | 53.9 | 66.5 | 37.4 | 42.9 | 40.8 | 28.8 | |||||||
| Capital Expenditure | (31.2) | (38.7) | (38.1) | (31.4) | (28.3) | (29.6) | (32.7) | (23.7) | (41.2) | (53.8) | |||||||
| Free Cash Flow | 24.1 | 35.1 | 26.5 | 8.2 | 25.6 | 36.9 | 4.6 | 19.1 | (0.4) | (24.9) | |||||||