Caseys General Stores Inc Stock Research

Market Summary

USD208.23-0.67

Market Closed

-0.32%

CASY Alerts

Big jump in Earnings (Y/Y)

CASY Stock Price

CASY RSI Chart

CASY Valuation

Market Cap

7.8B

Price/Earnings (Trailing)

17.23

Price/Sales (Trailing)

0.51

EV/EBITDA

6.99

Price/Free Cashflow

15.87

CASY Price/Sales (Trailing)

CASY Profitability

EBT Margin

4.51%

Return on Equity

17.28%

Return on Assets

7.71%

Free Cashflow Yield

6.3%

CASY Fundamentals

CASY Revenue

Revenue (TTM)

15.2B

Revenue Y/Y

9.31%

Revenue Q/Q

-16.24%

CASY Earnings

Earnings (TTM)

450.4M

Earnings Y/Y

56.37%

Earnings Q/Q

-27.22%

Price Action

52 Week Range

180.76249.90

(Low)(High)

Last 7 days

0.0%

Last 30 days

-4.4%

Last 90 days

-11.5%

Trailing 12 Months

10.5%

CASY Financial Health

Current Ratio

1.1

Debt/Equity

0.68

Debt/Cashflow

0.51

CASY Investor Care

Dividend Yield

0.72%

Dividend/Share (TTM)

1.49

Shares Dilution (1Y)

0.31%

Diluted EPS (TTM)

12.03

Peers (Alternatives to Caseys General Stores)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
WMT	381.5B	600.1B	-4.49%	0.30%	42.32	0.64	4.92%	10.07%
COST	217.9B	234.4B	-2.09%	-10.87%	36.01	0.93	13.76%	13.92%
SYY	37.4B	73.6B	-3.97%	-6.63%	26.37	0.51	21.14%	80.80%
KR	34.9B	146.5B	9.19%	-12.40%	14.75	0.24	8.04%	132.09%
ACI	10.6B	76.8B	-7.64%	-25.12%	6.4	0.14	9.24%	62.45%
BJ	10.1B	18.7B	0.37%	17.63%	20.66	0.54	15.30%	18.31%
MID-CAP
CASY	7.8B	15.2B	-4.43%	10.46%	17.23	0.51	28.24%	39.99%
SFM	3.5B	6.4B	3.82%	0.77%	13.22	0.54	4.99%	6.97%
GO	2.7B	3.6B	-5.68%	-15.69%	41.14	0.75	16.19%	4.40%
WMK	2.2B	4.7B	-2.74%	9.90%	17.59	0.47	11.16%	15.02%
PSMT	2.1B	4.1B	-4.98%	-11.33%	20.02	0.52	11.51%	6.15%
SMALL-CAP
ANDE	1.3B	17.3B	-10.58%	-18.45%	10.25	0.08	37.37%	26.06%
CHEF	1.3B	2.6B	-9.12%	5.59%	45.48	0.48	49.70%	663.68%
NGVC	242.1M	1.1B	3.09%	-41.11%	14.36	0.22	2.34%	-34.82%
RAD	132.3M	24.1B	-40.15%	-75.78%	-0.15	0.01	-1.46%	-434.62%

Financials for Caseys General Stores

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	1.9%	15,225	14,941	14,225	12,953	11,872
Operating Expenses	1.2%	2,089	2,064	2,026	1,961	1,897
EBITDA	6.5%	1,051	987	915	851	-
EBITDA Margin	4.5%	0.07*	0.07*	0.06*	0.07*	-
Earnings Before Taxes	10.4%	687	622	554	491	-
EBT Margin	8.3%	0.05*	0.04*	0.04*	0.04*	-
Interest Expenses	-4.8%	54.00	57.00	57.00	57.00	53.00
Net Income	8.7%	450	414	374	340	322
Net Income Margin	6.7%	0.03*	0.03*	0.03*	0.03*	-
Free Cahsflow	11.4%	489	439	460	462	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.9%	5,841	5,790	5,679	5,506	5,402
Current Assets	-3.5%	958	993	903	725	661
Cash Equivalents	-0.4%	413	415	312	159	187
Inventory	-1.6%	387	393	399	396	351
Net PPE	1.8%	4,079	4,007	3,979	3,981	3,958
Goodwill	0.2%	614	613	613	613	601
Liabilities	-1.3%	3,234	3,278	3,299	3,265	3,216
Current Liabilities	-5.6%	870	921	937	905	784
Long Term Debt	-	1,616	-	-	-	-
LT Debt, Current	11.0%	38.00	34.00	34.00	24.00	92.00
LT Debt, Non Current	-0.3%	1,635	1,640	1,639	1,663	1,766
Shareholder's Equity	3.7%	2,607	2,513	2,380	2,241	2,186
Retained Earnings	3.5%	2,509	2,423	2,300	2,161	2,115
Accumulated Depreciation	2.6%	2,597	2,530	2,498	2,426	2,368
Shares Outstanding	0.1%	37.00	37.00	37.00	37.00	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	8.5%	889	819	823	789	678
Share Based Compensation	-6.5%	43.00	46.00	46.00	38.00	39.00
Cashflow From Investing	34.4%	-393	-600	-591	-1,157	-1,245
Cashflow From Financing	-131.3%	-268	-116	-118	192	366
Dividend Payments	2.2%	54.00	53.00	52.00	51.00	51.00

Risks for CASY

What is the probability of a big loss on CASY?

39.6%

Probability that Caseys General Stores stock will be more than 20% underwater in next one year

18.5%

Probability that Caseys General Stores stock will be more than 30% underwater in next one year.

Probability that Caseys General Stores stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CASY drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Caseys General Stores was unfortunately bought at previous high price.

Drawdowns

Returns for CASY

Cumulative Returns on CASY

14.5%

10-Year Cumulative Returns

10.5%

7-Year Cumulative Returns

15.1%

5-Year Cumulative Returns

20.0%

3-Year Cumulative Returns

What are the long-term rolling returns for CASY?

FIve years rolling returns for Caseys General Stores.

Annualized Returns

Which funds bought or sold CASY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.28	10,224,800	107,935,000	0.12%
2023-03-06	Rockefeller Capital Management L.P.	added	17.96	60,000	256,000	-%
2023-02-28	Voya Investment Management LLC	added	67.21	958,538	2,083,540	-%
2023-02-24	SRS Capital Advisors, Inc.	added	8.00	1,085	6,085	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	7.19	211,000	1,338,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	3.65	11,291	89,291	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-25.37	-9,272,000	43,967,000	0.05%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-35.93	-316,666	773,334	0.02%
2023-02-21	SECURITY NATIONAL BANK OF SO DAK	new	-	307,000	307,000	0.22%
2023-02-17	Ascent Group, LLC	reduced	-3.59	-145,211	1,910,790	0.22%

Latest Funds Activity

Are funds buying CASY calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CASY

No. of Funds

CASY Alerts

Big jump in Earnings (Y/Y)

Caseys General Stores News

Schedule 13G FIlings of Caseys General Stores

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	t. rowe price investment management, inc.	6.8%	2,523,918	SC 13G
Feb 09, 2023	vanguard group inc	10.18%	3,794,561	SC 13G/A
Feb 03, 2023	blackrock inc.	8.6%	3,219,120	SC 13G/A
Mar 09, 2022	vanguard group inc	10.02%	3,717,740	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	11.6%	4,316,568	SC 13G/A
Feb 09, 2022	vanguard group inc	9.98%	3,703,766	SC 13G/A
Feb 01, 2022	blackrock inc.	8.3%	3,072,973	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	14.2%	5,264,908	SC 13G/A
Feb 10, 2021	vanguard group inc	10.12%	3,737,708	SC 13G/A
Jan 29, 2021	blackrock inc.	8.2%	3,044,056	SC 13G/A

CASY Fair Value

Caseys General Stores fair value in different scenarios

The table shows the Fair Value estimates for Caseys General Stores for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	162.97 -21.74%	238.75 14.66%	303.02 45.52%	394.69 89.55%	713.73 242.76%
Current Inflation	144.38 -30.66%	197.12 -5.34%	265.30 27.41%	363.64 74.63%	432.70 107.80%
Very High Inflation	134.19 -35.56%	184.91 -11.20%	225.09 8.10%	287.82 38.22%	505.15 142.59%

Historical Caseys General Stores Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Caseys General Stores

View All Filings

Date Filed	Form Type	Document
Mar 07, 2023	8-K	Current Report
Mar 07, 2023	10-Q	Quarterly Report
Mar 06, 2023	4	Insider Trading
Feb 22, 2023	8-K	Current Report
Feb 14, 2023	SC 13G	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 03, 2023	SC 13G/A	Major Ownership Report
Jan 31, 2023	8-K	Current Report
Jan 18, 2023	4	Insider Trading
Jan 04, 2023	4	Insider Trading

Latest Insider Trading transactions for CASY

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-02	Lindsey Katrina S	acquired	-	-	101	chief legal officer
2023-03-02	Lindsey Katrina S	sold (taxes)	-	-	-31.00	chief legal officer
2023-01-15	REBELEZ DARREN M	sold (taxes)	-117,105	224	-521	president and ceo
2023-01-15	REBELEZ DARREN M	acquired	-	-	1,666	president and ceo
2023-01-03	Lindsey Katrina S	sold (taxes)	-55,458	220	-251	chief legal officer
2023-01-03	Lindsey Katrina S	acquired	-	-	715	chief legal officer
2023-01-02	FRAZELL CHAD MICHAEL	acquired	-	-	1,519	chief hr officer
2023-01-02	FRAZELL CHAD MICHAEL	sold (taxes)	-133,713	224	-596	chief hr officer
2022-10-28	Brennan Thomas P JR	sold (taxes)	-254,254	231	-1,099	chief merch. officer
2022-10-28	Brennan Thomas P JR	acquired	-	-	3,163	chief merch. officer

About Caseys General Stores

Darren M. Rebelez

www.caseys.com

37200

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include soft drinks, energy, water, sports drinks, juices, coffee, tea, and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores under the Tobacco City name primarily selling tobacco and nicotine products; one liquor store; and one grocery store. As of March 8, 2022, it operated 2,400 convenience stores in the United States. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

CASY Income Statement

2023-01-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
Income Statement [Abstract]
Total revenue	$ 3,332,555	$ 3,048,717	$ 11,765,774	$ 9,493,652
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	2,595,093	2,384,222	9,381,120	7,387,680
Operating expenses	515,735	490,997	1,598,213	1,470,569
Depreciation and amortization	78,088	75,529	232,500	225,675
Interest, net	11,697	14,431	39,015	41,681
Income before income taxes	131,942	83,538	514,926	368,047
Federal and state income taxes	31,830	19,514	124,327	88,033
Net income	$ 100,112	$ 64,024	$ 390,599	$ 280,014
Net income per common share
Basic (in dollars per share)	$ 2.69	$ 1.72	$ 10.48	$ 7.54
Diluted (in dollars per share)	$ 2.67	$ 1.71	$ 10.42	$ 7.50
Basic weighted average shares outstanding (in shares)	37,281,103	37,169,213	37,261,049	37,154,883
Plus effect of stock compensation (in shares)	283,448	197,370	240,459	197,370
Diluted weighted average shares outstanding (in shares)	37,564,551	37,366,583	37,501,508	37,352,253
Dividends declared per share (in dollars per share)	$ 0.38	$ 0.35	$ 1.14	$ 1.04

CASY Balance Sheet

2023-01-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jan. 31, 2023	Apr. 30, 2022
Current assets:
Cash and cash equivalents	$ 413,199	$ 158,878
Receivables	127,328	108,028
Inventories	387,136	396,199
Prepaid expenses	24,430	17,859
Income taxes receivable	6,111	44,071
Total current assets	958,204	725,035
Other assets, net of amortization	188,803	187,219
Goodwill	614,212	612,934
Property and equipment, net of accumulated depreciation of $2,597,268 at January 31, 2023 and $2,425,709 at April 30, 2022	4,079,398	3,980,542
Total assets	5,840,617	5,505,730
Current liabilities:
Current maturities of long-term debt and finance lease obligations	37,727	24,466
Accounts payable	518,250	588,783
Accrued expenses	313,832	291,429
Total current liabilities	869,809	904,678
Long-term debt and finance lease obligations, net of current maturities	1,634,500	1,663,403
Deferred income taxes	544,988	520,472
Deferred compensation	11,843	12,746
Insurance accruals, net of current portion	31,298	27,957
Other long-term liabilities	141,397	135,636
Total liabilities	3,233,835	3,264,892
Shareholders’ equity:
Preferred stock, no par value	0	0
Common stock, no par value	97,849	79,412
Retained earnings	2,508,933	2,161,426
Total shareholders’ equity	2,606,782	2,240,838
Total liabilities and shareholders' equity	$ 5,840,617	$ 5,505,730