Will Ingles Markets (USA Stocks:IMKTA) shadow 111 price rise?

IMKTA Stock  USD 88.67  0.21  0.24%   
It looks like 111 will be up for a correction way faster as its share price went up 1.64% today to Ingles Markets's 0.26%. While some millenniums may be indifferent towards food & staples retailing space, we will examine how strong are Ingles Markets fundamentals compared to 111. We are going to analyze some of the competitive aspects of both Ingles and 111.
Published over a month ago
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Reviewed by Michael Smolkin

By analyzing existing basic indicators between Ingles Markets and 111, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in 111 with a short position in Ingles Markets. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Ingles Markets has an asset utilization ratio of 247.39 percent. This suggests that the company is making $2.47 for each dollar of assets. An increasing asset utilization means that Ingles Markets Incorporated is more efficient with each dollar of assets it utilizes for everyday operations.

How important is Ingles Markets's Liquidity

Ingles Markets financial leverage refers to using borrowed capital as a funding source to finance Ingles Markets Incorporated ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Ingles Markets financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Ingles Markets's total debt and its cash.

How does Ingles utilize its cash?

To perform a cash flow analysis of Ingles Markets, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Ingles Markets is receiving and how much cash it distributes out in a given period. The Ingles Markets cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Ingles Markets Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 156.34 Million

Ingles Markets exotic insider transaction detected

Legal trades by Ingles Markets insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Ingles insider trading alert for general transaction of class a common stock by Ingle Sharp Laura, the corporate stakeholder, on 27th of June 2022. This event was filed by Ingles Markets Inc with SEC on 2022-06-27. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Detailed Perspective On Ingles Markets

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now go over Ingles Markets revenue. Based on the latest financial disclosure, Ingles Markets Incorporated reported 5.68 B of revenue. This is 61.77% lower than that of the Food & Staples Retailing sector and 81.0% lower than that of the Consumer Staples industry. The revenue for all United States stocks is 39.81% higher than that of Ingles Markets. As for 111 we see revenue of 12.43 B, which is 58.44% lower than that of the Consumer Staples

Ingles5.68 Billion
Sector9.43 Billion
11112.43 Billion
5.7 B
9.4 B
12.4 B

Momentum Analysis of Ingles Markets suggests possible reversal in March

Downside variance is down to 4.27. It may suggest a possible volatility slip.
As of the 1st of February, Ingles Markets retains the Market Risk Adjusted Performance of 0.0756, risk adjusted performance of 0.0451, and Downside Deviation of 2.07. Ingles Markets technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Ingles Markets Incor, which can be compared to its competitors. Please check out Ingles Markets Incor variance, as well as the relationship between the maximum drawdown and semi variance to decide if Ingles Markets is priced fairly, providing market reflects its last-minute price of 95.25 per share. Given that Ingles Markets Incorporated has jensen alpha of (0.028451), we strongly advise you to confirm Ingles Markets Incor's regular market performance to make sure the company can sustain itself at a future point.

Our Final Perspective on Ingles Markets

Whereas some other entities under the grocery stores industry are still a bit expensive, Ingles Markets may offer a potential longer-term growth to investors. All things considered, as of the 1st of February 2023, we believe that at this point, Ingles Markets is very steady with low odds of financial distress within the next 2 years. From a slightly different point of view, the entity appears to be fairly valued. Our actual 90 days buy-sell recommendation on the company is Strong Buy.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Ingles Markets Incorporated. Please refer to our Terms of Use for any information regarding our disclosure principles.

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