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Consumer Defensive - Grocery Stores - NYSE - US
$ 41.28
1.88 %
$ 947 M
Market Cap
23.19
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one NGVC stock under the worst case scenario is HIDDEN Compared to the current market price of 41.3 USD, Natural Grocers by Vitamin Cottage, Inc. is HIDDEN

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one NGVC stock under the base case scenario is HIDDEN Compared to the current market price of 41.3 USD, Natural Grocers by Vitamin Cottage, Inc. is HIDDEN

This DCF valuation model was last updated on May, 8, 2025.

The intrinsic value of one NGVC stock under the best case scenario is HIDDEN Compared to the current market price of 41.3 USD, Natural Grocers by Vitamin Cottage, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart NGVC

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$52.0$52.0$50.0$50.0$48.0$48.0$46.0$46.0$44.0$44.0$42.0$42.0$40.0$40.0$38.0$38.0$36.0$36.0$34.0$34.0$32.0$32.0Dec '24Dec '2420252025Feb '25Feb '25Mar '25Mar '25Apr '25Apr '25May '25May '25Jun '25Jun '25
FINANCIALS
1.24 B REVENUE
8.86%
47 M OPERATING INCOME
48.34%
33.9 M NET INCOME
46.00%
73.8 M OPERATING CASH FLOW
14.17%
-38.6 M INVESTING CASH FLOW
-1.71%
-44.6 M FINANCING CASH FLOW
-119.28%
330 M REVENUE
2.34%
13.3 M OPERATING INCOME
10.62%
9.94 M NET INCOME
10.30%
2.68 M OPERATING CASH FLOW
-89.04%
-9.42 M INVESTING CASH FLOW
-38.65%
4.18 M FINANCING CASH FLOW
118.39%
Balance Sheet Natural Grocers by Vitamin Cottage, Inc.
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Current Assets 147 M
Cash & Short-Term Investments 8.87 M
Receivables 12.6 M
Other Current Assets 126 M
Non-Current Assets 508 M
Long-Term Investments 0
PP&E 494 M
Other Non-Current Assets 13.9 M
19.16 %75.44 %Total Assets$655.5m
Current Liabilities 164 M
Accounts Payable 88.4 M
Short-Term Debt 39.9 M
Other Current Liabilities 35.8 M
Non-Current Liabilities 317 M
Long-Term Debt 307 M
Other Non-Current Liabilities 10.5 M
18.37 %8.29 %7.45 %63.72 %Total Liabilities$481.2m
EFFICIENCY
Earnings Waterfall Natural Grocers by Vitamin Cottage, Inc.
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Revenue 1.24 B
Cost Of Revenue 877 M
Gross Profit 365 M
Operating Expenses 318 M
Operating Income 47 M
Other Expenses 13 M
Net Income 33.9 M
1b1b1b1b1b1b800m800m600m600m400m400m200m200m001b(877m)365m(318m)47m(13m)34mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
29.38% GROSS MARGIN
29.38%
3.78% OPERATING MARGIN
3.78%
2.73% NET MARGIN
2.73%
19.47% ROE
19.47%
5.18% ROA
5.18%
7.01% ROIC
7.01%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Natural Grocers by Vitamin Cottage, Inc.
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40m40m30m30m20m20m10m10m00(10m)(10m)(20m)(20m)(30m)(30m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 33.9 M
Depreciation & Amortization 30.9 M
Capital Expenditures -38.7 M
Stock-Based Compensation 2.83 M
Change in Working Capital 8.05 M
Others 3.18 M
Free Cash Flow 35.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Natural Grocers by Vitamin Cottage, Inc.
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NGVC has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.30% DIVIDEND YIELD
0.12 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.502.502.002.001.501.501.001.000.500.500.000.000.10.10.10.120.10.10.10.10.10.10.282.072.280.10.400.10.401.11.400.120.240.0020192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 6
6. Ownership
Insider Ownership Natural Grocers by Vitamin Cottage, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
266 K USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Natural Grocers® Hosts Fifth Annual Body Care & Beauty Bonanza, May 9-30, 2025 Customers can enjoy free gifts, exclusive discounts and trusted education to build a cleaner beauty and hygiene routine LAKEWOOD, Colo. , May 7, 2025 /PRNewswire/ -- Natural Grocers® is dedicated to helping customers build body care routines rooted in health, transparency and environmental stewardship. prnewswire.com - 1 month ago
Natural Grocers® Celebrates Moms, May and the Moments That Matter Exclusive Mother's Day offers, gifts and surprises May 9–11, at all 169 Natural Grocers® stores LAKEWOOD, Colo. , May 6, 2025 /PRNewswire/ -- Natural Grocers®, the nation's largest family-operated organic and natural grocery retailer, is celebrating the mothers and maternal figures who make life a little brighter with a monthlong celebration. prnewswire.com - 1 month ago
Natural Grocers® Celebrates Montana Day with Free Tote Bags, $5 Off for {N}power® Members Family-operated grocery retailer honors Big Sky Country communities with in-store savings and giveaways, May 3–5, 2025 LAKEWOOD, Colo. , May 1, 2025 /PRNewswire/ -- Natural Grocers® is celebrating Montana Day with a freebie and $5 off at its four Montana locations, May 3-5. prnewswire.com - 2 months ago
Funds Stock Up On This Natural Grocer Near Fresh Breakout Natural Grocers stock should be on investors' radar as it nears an entry point and institutional holders pile in. investors.com - 2 months ago
Natural Grocers by Vitamin Cottage, Inc. Announces Second Quarter Fiscal Year 2025 Earnings Conference Call and Webcast LAKEWOOD, Colo. , April 24, 2025 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced that the Company will release its second quarter fiscal year 2025 financial results after the market close on Thursday, May 8, 2025. prnewswire.com - 2 months ago
Natural Grocers® Honors Arbor Day in Nebraska, with a Freebie and $5 Off, April 25-27, 2025 {N}power ®  members will receive a free reusable bag and exclusive savings at all three Nebraska locations LAKEWOOD, Colo. , April 22, 2025 /PRNewswire/ -- Natural Grocers®, the leading family-operated organic and natural grocery retailer in the U.S., invites Nebraska customers to celebrate Arbor Day with a freebie and savings, April 25-27. prnewswire.com - 2 months ago
Natural Grocers® Celebrates National North Dakota Day with Special Gifts and Savings, April 19-21, 2025 Family-operated grocer invites {N}power® members to celebrate with a free state-themed reusable tote and additional savings LAKEWOOD, Colo., April 16, 2025 /PRNewswire/ -- Natural Grocers®, the nation's leading family-operated organic and natural grocery retailer, invites customers to its "Celebrate North Dakota" event, April 19-21, at its three North Dakota stores. prnewswire.com - 2 months ago
Natural Grocers® Honors Earth Day with Special Deals, Freebies and Sweepstakes Save up to 46% on select items, April 22-24, 2025 LAKEWOOD, Colo. , April 15, 2025 /PRNewswire/ -- Natural Grocers®, a longtime leader of the organic movement and the nation's largest family-operated natural and organic retailer, is celebrating Earth Day with special savings, giveaways and educational efforts. prnewswire.com - 2 months ago
Celebrate a good4u℠ Easter with Natural Grocers® Festive in-store fun, including an egg hunt, and crafts for kids, plus big savings on high-quality holiday favorites LAKEWOOD, Colo. , April 8, 2025 /PRNewswire/ -- Natural Grocers®, the nation's largest family-operated organic and natural grocery retailer, invites customers to celebrate in good4uSM style with an "egg-citing" Easter celebration. prnewswire.com - 2 months ago
Natural Grocers® Expands Private Label Line with Non-GMO Peruvian Chips LAKEWOOD, Colo. , April 4, 2025 /PRNewswire/ -- Natural Grocers®, America's largest family-operated organic and natural grocery retailer, has introduced three varieties of non-GMO Peruvian chips to its Natural Grocers® Brand Product lineup. prnewswire.com - 2 months ago
Natural Grocers® Expands Private-Label Beverage Line with 100% Organic Savory Spritzers Sustainably sourced, farm-to-table beverages available now in four irresistible, comforting combinations LAKEWOOD, Colo. , April 1, 2025 /PRNewswire/ -- Natural Grocers®, the largest family-operated organic and natural grocery retailer in the U.S. is thrilled to introduce a savory new sipping experience with the launch of four exciting additions to its line of house brand beverage line. prnewswire.com - 3 months ago
Natural Grocers® and Rodale Institute Celebrate Earth Month with Annual Ladybug Love Campaign, April 1-30, 2025 Customers can support Rodale Institute's mission to help farmers adopt regenerative organic practices by pledging, purchasing, or donating at the register LAKEWOOD, Colo. , March 27, 2025 /PRNewswire/ -- In honor of Earth Month, Natural Grocers® is partnering with Rodale Institute for its annual Ladybug LoveSM campaign. prnewswire.com - 3 months ago
8. Profile Summary

Natural Grocers by Vitamin Cottage, Inc. NGVC

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COUNTRY US
INDUSTRY Grocery Stores
MARKET CAP $ 947 M
Dividend Yield 0.30%
Description Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, frozen meals, frozen pizza, bread, baking mixes, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products. Its stores also provide private label dietary supplements; body care products consisting of cosmetics, skin care, hair care, fragrance, and personal care products containing natural and organic ingredients; pet care and food products; books and handouts; and household and general merchandise, including cleaning supplies, paper products, and dish and laundry soaps, as well as other common household products, such as diapers. The company operates its retail stores under the Natural Grocers by Vitamin Cottage trademark. As of February 1, 2022, it operated 162 stores in 20 states. The company also offers science-based nutrition education programs to help customers make informed health and nutrition choices. Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and is headquartered in Lakewood, Colorado.
Contact 12612 West Alameda Parkway, Lakewood, CO, 80228 https://www.naturalgrocers.com
IPO Date July 25, 2012
Employees 3332
Officers Ms. Jessica Thiessen Assistant Treasurer Mr. John S. Fischer Esq. Vice President & General Counsel Ms. Heather Isely Executive Vice President, Corporate Secretary & Director Mr. Richard G. Hallé Chief Financial Officer Ms. Elizabeth Isely Executive Vice President & Director Mr. Zephyr Isely Co-President & Director Mr. Kemper Isely Chairman & Co-President