Financials Kroger Co. (The)

Equities

KR

US5010441013

Food Retail & Distribution

Market Closed - Nyse 04:00:02 2024-05-24 pm EDT 5-day change 1st Jan Change
52.99 USD -0.60% Intraday chart for Kroger Co. (The) -2.23% +15.93%

Valuation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 21,600 25,855 33,167 31,797 33,194 38,242 - -
Enterprise Value (EV) 1 35,283 37,581 44,710 44,160 45,185 47,623 46,355 47,729
P/E ratio 13.2 x 10.4 x 20.8 x 14.3 x 15.6 x 12.6 x 12.3 x 11.8 x
Yield 2.3% 2.06% 1.8% 2.23% 2.45% 2.25% 2.41% 2.64%
Capitalization / Revenue 0.18 x 0.2 x 0.24 x 0.21 x 0.22 x 0.26 x 0.25 x 0.25 x
EV / Revenue 0.29 x 0.28 x 0.32 x 0.3 x 0.3 x 0.32 x 0.31 x 0.31 x
EV / EBITDA 6.25 x 5.52 x 6.27 x 5.49 x 5.7 x 6.09 x 5.79 x 5.85 x
EV / FCF 23 x 9.51 x 12.5 x 35.8 x 15.7 x 18.2 x 14.2 x 14.7 x
FCF Yield 4.35% 10.5% 8% 2.79% 6.38% 5.49% 7.04% 6.79%
Price to Book 2.48 x 2.69 x 3.61 x 3.17 x 2.86 x 2.79 x 2.41 x 2.19 x
Nbr of stocks (in thousands) 800,587 761,347 735,256 715,822 719,423 721,688 - -
Reference price 2 26.98 33.96 45.11 44.42 46.14 52.99 52.99 52.99
Announcement Date 3/5/20 3/4/21 3/3/22 3/2/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 122,286 132,498 137,888 148,258 150,039 148,776 151,248 154,768
EBITDA 1 5,644 6,803 7,134 8,044 7,924 7,826 8,001 8,160
EBIT 1 2,995 4,056 4,310 5,079 4,986 4,619 4,736 4,799
Operating Margin 2.45% 3.06% 3.13% 3.43% 3.32% 3.1% 3.13% 3.1%
Earnings before Tax (EBT) 1 1,981 3,370 2,051 2,902 2,836 4,121 4,081 4,243
Net income 1 1,659 2,585 1,655 2,244 2,164 2,948 3,132 3,232
Net margin 1.36% 1.95% 1.2% 1.51% 1.44% 1.98% 2.07% 2.09%
EPS 2 2.040 3.270 2.170 3.100 2.960 4.196 4.298 4.508
Free Cash Flow 1 1,536 3,950 3,576 1,233 2,884 2,614 3,261 3,242
FCF margin 1.26% 2.98% 2.59% 0.83% 1.92% 1.76% 2.16% 2.09%
FCF Conversion (EBITDA) 27.21% 58.06% 50.13% 15.33% 36.4% 33.4% 40.76% 39.72%
FCF Conversion (Net income) 92.59% 152.8% 216.07% 54.95% 133.27% 88.66% 104.12% 100.29%
Dividend per Share 2 0.6200 0.7000 0.8100 0.9900 1.130 1.195 1.277 1.398
Announcement Date 3/5/20 3/4/21 3/3/22 3/2/23 3/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 31,860 33,048 44,600 34,638 34,198 34,823 45,165 33,853 33,957 37,064 45,080 34,039 34,251 35,051 46,005
EBITDA 1 1,633 1,671 2,491 1,794 1,779 1,980 2,626 1,705 1,743 1,849 2,410 1,726 1,806 1,895 2,477
EBIT 1 974 1,014 1,601 1,110 1,094 1,274 1,669 989 1,022 1,307 1,428 990.4 1,059 1,152 1,461
Operating Margin 3.06% 3.07% 3.59% 3.2% 3.2% 3.66% 3.7% 2.92% 3.01% 3.53% 3.17% 2.91% 3.09% 3.29% 3.18%
Earnings before Tax (EBT) 1 562 715 812 941 526 623 1,248 -197 851 934 1,306 879.4 940.2 1,016 1,320
Net income 1 483 566 664 731 398 450 962 -180 646 736 976.6 681.8 707.9 770 1,016
Net margin 1.52% 1.71% 1.49% 2.11% 1.16% 1.29% 2.13% -0.53% 1.9% 1.99% 2.17% 2% 2.07% 2.2% 2.21%
EPS 2 0.6400 0.7500 0.9000 1.000 0.5500 0.6200 1.320 -0.2500 0.8800 1.010 1.380 0.9417 1.010 1.094 1.420
Dividend per Share 2 0.2100 0.2100 0.2100 0.2600 0.2600 0.2600 0.2600 0.2900 0.2900 0.2900 0.2975 0.3050 0.3050 0.3050 0.2900
Announcement Date 12/2/21 3/3/22 6/16/22 9/9/22 12/1/22 3/2/23 6/15/23 9/8/23 11/30/23 3/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 13,683 11,726 11,543 12,363 11,991 9,381 8,113 9,487
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.424 x 1.724 x 1.618 x 1.537 x 1.513 x 1.199 x 1.014 x 1.163 x
Free Cash Flow 1 1,536 3,950 3,576 1,233 2,884 2,614 3,261 3,242
ROE (net income / shareholders' equity) 21.8% 28.5% 29.5% 31.8% 32.2% 24.9% 21.5% 19.5%
ROA (Net income/ Total Assets) 4.29% 5.51% 5.73% 6.29% 6.95% 6.31% 6.31% 6.2%
Assets 1 38,680 46,946 28,867 35,680 31,146 46,731 49,632 52,131
Book Value Per Share 2 10.90 12.60 12.50 14.00 16.10 19.00 22.00 24.20
Cash Flow per Share 2 5.790 8.730 8.210 5.930 9.360 8.280 8.670 8.280
Capex 1 3,128 2,865 2,614 3,078 3,904 3,639 3,636 3,704
Capex / Sales 2.56% 2.16% 1.9% 2.08% 2.6% 2.45% 2.4% 2.39%
Announcement Date 3/5/20 3/4/21 3/3/22 3/2/23 3/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
52.99 USD
Average target price
58.01 USD
Spread / Average Target
+9.47%
Consensus
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