Professional
Added to YB: 2024-09-30
Pitch date: 2024-09-30
IMKTA [bullish]
Ingles Markets, Incorporated
-3.86%
current return
Author Info
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Company Info
Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States.
Market Cap
$1.4B
Pitch Price
$73.27
Price Target
238.61 (+236%)
Dividend
0.89%
EV/EBITDA
6.65
P/E
25.08
EV/Sales
0.30
Sector
Consumer Staples Distribution and Retail
Category
value
Idea Brunch with Gwen Hofmeyr of Maiden Financial - Ingles Markets, Incorporated
IMKTA: Hidden 3,700 acres & $658M off-balance sheet RE. $1.4B RE FMV. Strong supermarket ops, high-margin leasing biz. 10yr valuation $4.7-5.1B vs $1.6B EV. Underanalyzed due to size, no calls. Potential M&A target. GAMCO 5% holder.
Read full article (8 min)