Download - Whole Foods Market Valuation
RecommendationBUY
Price Range $58.93-$61.70
DCF Valuation SummaryCurrent Price $53.81
Implied Price $61.70 14.67% Undervalued
Input Assumptions Capital IQ AssumptionsMarket Risk Premium 6.00% Company Name
Risk Free Rate 3.80% Ticker
Terminal EBITDA Multiple 15.5 Current Price
Cost of Debt 2.99% Total Debt
Cost of Preferred 0.00% Total Preferred
WFM Corporate Tax Rate 40.46% Minority Interest
WACC 6.98% Market Cap
Implied Terminal Growth Rate 1.25% Cash and Equivalents
Shares Outstanding
Latest FYE
Latest FQE
Valuation Date
Relative Valuation SummaryCurrent Price $53.81
NTM P/E Ratio $58.93 9.51% UndervaluedNTM TEV/EBITDA Multiple $60.01 11.52% Undervalued
Whole Foods Market, Inc.
NasdaqGS:WFM
53.81
$27.00
-
-
$20,044.90
$989.00
372.50
9/30/2012
6/30/2013
9/4/2013
WACC Analysis Valuation Date
Bottom-Up Beta Calculation
Name TickerFamily Dollar Stores, Inc. NYSE:FDOHarris Teeter Supermarkets, Inc. NYSE:HTSIThe Fresh Market, Inc. NasdaqGS:TFMSafeway, Inc. NYSE:SWYThe Kroger Co. NYSE:KR
Ingles Markets, Inc. NasdaqGS:IMKT.A
Whole Food Market, Inc. NasdaqGS: WFM
Average
Average Unlevered BetaWFM D/E RatioWFM Tax Rate
WFM Levered Beta
Assumptions
3.80%
6.00%
Tax Rate 40.46%
D/(D+P+E) 0.13%
D/E 0.13%
2.99%
InputsCompany Name: Whole Foods Market, Inc.
NasdaqGS:WFM
Total Debt 27.00
Preferred Equity -
Minority Interest -
Market Cap 20,044.90
Risk Free Rate (Rf)
Market Risk Premium (Rm - Rf)
Cost of Debt (Rd)
Cash and Equivalents 989.00
Shares outstanding 372.50
Current Price $53.81
9/4/2013
Current Stock Price Shares Outstanding Beta Total Debt Mkt. Value Equity70.29 115.00 0.12 735.4 8,083.4 49.05 49.50 0.79 215.4 2,426.0 26.91 22.80 1.09 934.5 612.5 25.85 241.30 0.72 5,693.8 6,237.6 49.07 48.20 0.38 46.9 2,366.0 37.34 518.20 0.47 8,891.0 19,351.2
53.81 372.5 1.07 27.0 20044.9
0.53079
0.00135
40.46%
0.5312
WACC
Market Risk Premium
WFM Bottom-Up Beta
Adjusted Market Risk Premium
Risk-Free Rate of Return
Cost of Equity
WFM Cost of Debt
(BBB- Rated) WFM Tax Rate
After-Tax Cost of Debt
Weight of Equity
Weight of Debt
WACC
Debt/Equity Unlevered Beta9.10% 0.11383398.88% 0.7503340
152.57% 0.571156091.28% 0.46647461.98% 0.3755674
45.95% 0.3690444
0.001346976 1.06914255885798
6.00%
0.53
3.19%
3.80%
6.99%
2.99%
40.46%
1.78%
99.87%
0.13%
6.98%
PROJECTED CASH FLOWS(USD in millions, except per share data)
996 997 998
Fiscal Year Ending September 30, 2013
2008 2009 2010 2011
Total Revenue 7,953.9 8,031.6 9,005.8 10,107.8
Revenue Growth 1.0% 12.1% 12.2%
EBIT 274.3 330.4 450.5 557.1
EBIT Margin 3.4% 4.1% 5.0% 5.5%
Taxes 92.0 104.1 165.9 209.1
Tax Rate 40.5% 44.5% 41.5% 40.3% 37.9%
Depreciation and Amortization 249.2 266.7 275.6 287.1
Depreciation/Net Fixed Assets 13.1% 14.1% 14.6% 14.4%
Capital Expenditures 529.5 314.6 256.8 365.0
Capital Expenditures/Net Fixed Assets 27.9% 16.6% 13.6% 18.3%
Net Fixed Assets 1,900.1 1,897.9 1,886.1 1,997.2
Net Fixed Assets/Revenue 23.9% 23.6% 20.9% 19.8%
Non-Cash Working Capital (74.1) (58.8) (48.1) (80.5)
Non-Cash Working Capital/Revenue (0.9%) (0.7%) (0.5%) (0.8%)
Change in Non-Cash Working Capital 15.33 10.69 -32.45
Free Cash Flow to the Firm
PV of Yearly Cash Flows $22,022.91
Present Value of Equity as of 9/3/2013 DCF Assumptions
Enterprise Value 22,022.9 BetaLess:
Long Term Debt Debt 27.0 Shares OutstandingPlus:
Cash and Equivalents 989.0 WACC
Equity Value 22,984.9
Term. Growth Rate
Shares Outstanding 372.5
Implied Per Share Value 61.70 Tax Rate
Current Price 53.81
Value to Current Price 14.7%
Undervalued
EV / ttm EBITDA 20.99
999 1000
Fiscal Year Ending September 30, 2013
2012 2013E 2014E 2015E 2016E 2017E 2018E 2019E 2020E
11,698.8 13,687.6 16,151.4 18,816.4 21,450.7 23,810.3 25,596.0 27,003.8 27,948.9
15.7% 17.0% 18.0% 16.5% 14.0% 11.0% 7.5% 5.5% 3.5%
754.6 1,095.0 1,292.1 1,599.4 1,823.3 2,023.9 2,303.6 2,430.3 2,515.4
6.5% 8.0% 8.0% 8.5% 8.5% 8.5% 9.0% 9.0% 9.0%
286.5 384.5 454.4 563.5 643.0 714.2 802.1 846.4 876.2
38.1% 35.5% 35.5% 35.5% 35.5% 35.5% 35.0% 35.0% 35.0%
311.6 1,916.3 2,261.2 2,634.3 3,003.1 3,333.4 3,583.4 3,780.5 3,912.9
14.2% 14.0% 14.0% 14.0% 14.0% 14.0% 14.0% 14.0% 14.0%
456.2 2324.2 2729.3 3140.6 3503.6 3781.8 3922.7 4048.0 4092.4
20.8% 21.0% 20.5% 20.0% 19.0% 19.0% 19.0% 19.0% 19.0%
2,192.7 2,600.6 3,068.8 3,575.1 4,075.6 4,523.9 4,863.2 5,130.7 5,310.3
18.7% 19.0% 19.0% 19.0% 19.0% 19.0% 19.0% 19.0% 19.0%
(94.8) (102.7) (121.1) (141.1) (160.9) (178.6) (192.0) (202.5) (209.6)
(0.8%) (0.8%) (0.8%) (0.8%) (0.8%) (0.8%) (0.8%) (0.8%) (0.8%)
-14.25 -7.87 -18.48 -19.99 -19.76 -17.70 -13.39 -10.56 -7.09
310.4 388.0 549.5 699.5 879.0 1,175.7 1,327.0 1,466.7
310.4 388.0 549.5 699.5 879.0 1,175.7 1,327.0 1,466.7
3,068.8 3,575.1 4,075.6 4,523.9 4,863.2 5,130.7
429.6 500.5 570.6 633.4 680.9 718.3
DCF Assumptions
0.531
Shares Outstanding 372.5
6.98%
Term. Growth Rate 1.25%
40.5%
2021E 2022E Averages28,507.9 28,793.0
2.0% 1.0% 11.62%2,708.3 2,879.3
9.5% 10.0% 5.42%943.7 1003.6
35.0% 35.0% 38.66%3,991.1 4,031.0
14.0% 14.0% 14.06%4097.3 4085.2
19.0% 19.0% 19.69%
5,416.5 5,470.7
19.0% 19.0% 20.99%(213.8) (215.9)
(0.8%) (0.8%) -0.76%-4.19 -2.14
1,662.6 1,823.7
1,662.6 32223.64
5,184.9
765.9
Ratio
Company (Exchange:Ticker)P/E NTM
Family Dollar Stores, Inc. NYSE:FDO 17.3 8.8
Harris Teeter Supermarkets, Inc. NYSE:HTSI 19.4 6.6
The Fresh Market, Inc. NasdaqGS:TFM 11.3 6.7
Safeway, Inc. NYSE:SWY 18.5 6.8
The Kroger Co. NYSE:KR 28.7 12.2
Ingles Markets, Inc. NasdaqGS:IMKT.A 13.1 6.2
Whole Foods Market, Inc. NasdaqGS:WFM 32.4 13.8
Target 35.5 15.5
Average 20.1 8.7
Median 18.5 6.8
Price/Earnings NTMTarget Price/EarningsNTM EPSTarget PriceCurrent Price
Value to Current Price
EV/EBITDA NTM
Profit Efficiency
NTM EPS Dividend Yield34.00% 4.12% 9.00% 4.06 1.50% 12.20%
30.00% 2.35% 7.20% 2.53 1.20% 6.10%
22.10% 0.49% 5.80% 2.26 2.40% 4.80%
27.70% 1.20% 5.10% 1.40 3.10% 4.70%
34.20% 4.90% 11.30% 1.71 0.00% 17.30%
21.10% 1.57% 4.60% 2.86 1.60% 7.40%
35.80% 4.22% 9.40% 1.66 0.80% 10.50%
29.27% 2.69% 7.49% 2.35 1.51% 9.00%
30.00% 2.35% 7.20% 2.26 1.50% 7.40%
Price/Earnings NTM Historic Price/EarningsTarget Price/Earnings 35.5 LTM
1.66 2012 16.68$58.93 2011 13.32
53.81 2010 9.11Value to Current Price 9.51% 2009 7.70
Undervalued 2008 7.12
Gross Margin
Net Income Margin
EBITDA Margin
Return on Assets
Efficiency Growth
Revenue Growth Net Income Growth Dividend Growth
1 Year 5 Years CAGR 1 Year 5 Year CAGR 1 Year
29.80% 12.66% 8.40% 0.27% 14.17% 14.10%
10.50% 3.66% 3.57% 115.62% 3.31% 9.26%
4.40% 4.18% 3.74% -54.99% -19.83% 0.00%
20.80% 7.49% 0.37% -2.42% -10.57% 18.85%
34.40% 15.63% - 15.47% - -
35.80% 6.25% 6.11% 152.71% 4.58% 25.56%
14.60% 15.35% 10.20% 26.63% 29.85% 42.31%
21.47% 9.32% 5.40% 36.18% 3.58% 18.35%
20.80% 7.49% 4.93% 15.47% 3.95% 16.48%
EV/EBITDA NTM Historic EV/EBITDATarget Multiple 15.5 LTMNTM EBITDA 1,380.1 2012 39.97Total Enterprise Value 21,391.6 2011 71.78Less: 2010 23.47
Debt 27.0 2009 20.88
Minority Interest - 2008 17.64Plus:
Cash 989.0 Equity Value $22,353.55Shares Outstanding 372.5Target Price $60.01Current Price 53.81Value to Current Price 11.52%
Undervalued
Return on Equity
Growth Risk
Dividend Growth
Debt to Equity Market Cap5 Year CAGR
13.14% 0.12 48.30% 70.29 8,083.4
4.65% 0.79 19.90% 49.05 2,426.0
0.00% 1.09 234.40% 26.91 612.5
20.13% 0.72 177.80% 25.85 6,237.6
- 0.38 18.70% 49.07 2,366.0
12.40% 0.47 172.90% 37.34 19,351.2
-1.05% 1.07 0.70% 53.81 20,044.9
8.21% 0.66 96.10% 44.62 8,445.94
8.52% 0.72 48.30% 49.05 6,237.60
Historical Beta
Current Stock Price
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Financial Data
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name Day Close Price Latest Shares Outstanding Latest Market Capitalization Latest LTM Net Debt
Family Dollar Stores Inc. (NYSE:FDO) 70.29 115.0 8,083.4 585.3
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) 49.05 49.5 2,426.0 5.1
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) 26.91 22.8 612.5 930.0
Safeway Inc. (NYSE:SWY) 25.85 241.3 6,237.6 5,152.0
The Fresh Market, Inc. (NasdaqGS:TFM) 49.07 48.2 2,366.0 29.0
The Kroger Co. (NYSE:KR) 37.34 518.2 19,351.2 7,699.0
Whole Foods Market, Inc. (NasdaqGS:WFM) 53.81 372.5 20,044.9 (962.0)
Summary Statistics Day Close Price Latest Shares Outstanding Latest Market Capitalization Latest LTM Net Debt
High 70.29 518.2 19,351.2 7,699.0
Low 25.85 22.8 612.5 5.1
Mean 43.09 165.8 6,512.8 2,400.1
Median 43.2 82.2 4,331.8 757.6
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Financial Data
FQ3 2013 Total Debt LTM Total Pref. Equity LTM Minority Interest Total Enterprise Value Latest
735.4 - - 8,668.7 13.23 Jul-10-2013
215.4 - - 2,431.1 21.2 Aug-08-2013
934.5 - - 1,542.4 17.52 Aug-06-2013
5,693.8 - 29.0 11,418.6 11.73 Jul-24-2013
46.9 - - 2,395.1 4.98 Aug-28-2013
8,891.0 - 6.0 27,056.2 6.53 Jun-28-2013
27.0 - - 19,082.9 8.17 Aug-09-2013
LTM Total Pref. Equity LTM Minority Interest Total Enterprise Value Latest LTM Total Revenue
- 29.0 27,056.2 21.2 - 97,729.0
- 6.0 1,542.4 4.98 - 1,412.7
- 17.5 8,918.7 12.53 - 26,983.4
- 17.5 5,549.9 12.48 - 7,456.1
LTM Tangible Book Value/Share
LTM Filing Date, Income Statement
LTM Tangible Book Value/Share
LTM Filing Date, Income Statement
LTM Total Revenue LTM EBITDA LTM EBIT NTM Revenue (Capital IQ) NTM EBITDA (Capital IQ)
10,253.3 927.5 693.4 3.64 10,919.71 988.29 4.06
4,658.8 333.8 188.4 2.28 4,992.29 370.84 2.53
3,775.1 219.5 124.8 0.76 3,934.71 230.75 2.26
44,071.5 2,228.1 1,114.7 2.5 38,007.56 1,675.32 1.4
1,412.7 160.1 110.5 1.43 1,681.28 196.08 1.71
97,729.0 4,517.0 2,847.0 2.9 99,451.0 4,346.04 2.86
12,851.8 1,212.2 878.6 1.45 14,372.55 1,380.1 1.66
LTM EBITDA LTM EBIT NTM Revenue (Capital IQ) NTM EBITDA (Capital IQ) NTM EPS (Capital IQ)
4,517.0 2,847.0 3.64 99,451.0 4,346.04 4.06
160.1 110.5 0.76 1,681.28 196.08 1.4
1,397.7 846.5 2.25 26,497.76 1,301.22 2.47
630.7 440.9 2.39 7,956.0 679.57 2.39
LTM Diluted EPS Excl. Extra Items
NTM EPS (Capital IQ)
LTM Diluted EPS Excl. Extra Items
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Key Stats
In Millions of the trading currency, except per share items. Currency: Trading Currency Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default)
Key Financials¹
Currency USD USD USD USD USD USD
Total Revenue 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8 12,851.8
Growth Over Prior Year 20.7% 1.0% 12.1% 12.2% 15.7% 15.3%
Gross Profit 2,706.7 2,755.1 3,136.3 3,536.5 4,155.8 4,594.8
Margin % 34.0% 34.3% 34.8% 35.0% 35.5% 35.8%
EBITDA 523.5 597.1 726.0 844.2 1,066.2 1,212.2
Margin % 6.6% 7.4% 8.1% 8.4% 9.1% 9.4%
EBIT 274.3 330.4 450.5 557.1 754.6 878.6
Margin % 3.4% 4.1% 5.0% 5.5% 6.5% 6.8%
Earnings from Cont. Ops. 114.5 146.8 245.8 342.6 465.6 542.6
Margin % 1.4% 1.8% 2.7% 3.4% 4.0% 4.2%
Net Income 114.5 146.8 245.8 342.6 465.6 542.6
Margin % 1.4% 1.8% 2.7% 3.4% 4.0% 4.2%
Diluted EPS Excl. Extra Items³ 0.41 0.42 0.72 0.97 1.26 1.45
Growth Over Prior Year (36.5%) 3.3% 69.3% 34.8% 30.6% 23.7%
Same Store Sales Growth % 4.9% (3.1%) 7.1% 8.5% 8.7% NA
¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
For the Fiscal Period Ending 12 monthsSep-28-2008A
12 monthsSep-27-2009A
12 monthsSep-26-2010A
12 monthsSep-25-2011A
12 monthsSep-30-2012A
LTM²12 months
Jul-07-2013A
³All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Current Capitalization (Millions of USD)
Currency USD
Share Price as of Sep-03-2013 $53.31
Shares Out. 372.5
Market Capitalization** 19,858.7
- Cash & Short Term Investments 989.0
+ Total Debt 27.0
+ Pref. Equity -
+ Total Minority Interest -
= Total Enterprise Value (TEV) 18,896.7
Book Value of Common Equity 3,785.0
+ Pref. Equity -
+ Total Minority Interest -
+ Total Debt 27.0
= Total Capital 3,812.0
**For companies that have multiple share classes that publicly trade, we are incorporating the different prices to calculate our company level market capitalization. Please click on the value to see the detailed calculation. Prices shown on this page are the close price of the company’s primary stock class. Shares shown on this page are total company as-reported share values.
Note: Striped area represents the impact of negative Net Liability on Market Cap.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.
Valuation Multiples based on Current Capitalization
TEV/Total Revenue 1.6x 1.5x 1.5x 1.3x 1.1x
TEV/EBITDA 17.5x 15.6x 15.6x 13.4x 11.2x
TEV/EBIT 24.7x 21.5x - - -
P/Diluted EPS Before Extra 42.3x 36.8x 36.9x 31.2x 25.8x
P/BV 5.2x 5.2x - - -
Price/Tang BV 6.4x 6.5x - - -
For the Fiscal Period Ending 12 monthsSep-30-2012A
LTM12 months
Jul-07-2013A12 months
Sep-30-2013E12 months
Sep-30-2014E12 months
Sep-30-2015E
USD USD USD
12,977.9 14,782.5 16,969.8
10.93% 13.90% 14.80%
- - -
- - -
1,222.6 1,427.4 1,696.4
9.4% 9.7% 10.0%
- - -
- - -
- - -
- - -
- - -
- - -
1.46 1.73 2.08
15.89% 18.16% 20.68%
- - -
12 months†Sep-30-2013E
12 monthsSep-30-2014E
12 monthsSep-30-2015E
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Income Statement
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Income Statement
Currency USD USD USD USD USD USD
Revenue 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8 12,851.8
Other Revenue - - - - - -
Total Revenue 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8 12,851.8
Cost Of Goods Sold 5,247.2 5,276.5 5,869.5 6,571.2 7,543.1 8,257.1
Gross Profit 2,706.7 2,755.1 3,136.3 3,536.5 4,155.8 4,594.8
Selling General & Admin Exp. 2,376.9 2,375.5 2,647.8 2,938.6 3,354.3 3,665.3
Pre-Opening Costs 55.6 49.2 38.0 40.9 46.9 50.9
R & D Exp. - - - - - -
Depreciation & Amort. - - - - - -
Other Operating Expense/(Income) - - - - - -
Other Operating Exp., Total 2,432.4 2,424.8 2,685.8 2,979.4 3,401.2 3,716.2
Operating Income 274.3 330.4 450.5 557.1 754.6 878.6
Interest Expense (36.4) (36.9) (33.0) (3.9) (0.4) (0.4)
Interest and Invest. Income 6.7 3.4 6.9 8.0 8.9 10.9
Net Interest Exp. (29.7) (33.4) (26.2) 4.1 8.5 10.5
Other Non-Operating Inc. (Exp.) - - - - - -
EBT Excl. Unusual Items 244.6 297.0 424.3 561.2 763.2 889.2
For the Fiscal Period EndingReclassified
12 monthsSep-28-2008
Reclassified12 months
Sep-27-2009
Reclassified12 months
Sep-26-201012 months
Sep-25-201112 months
Sep-30-2012
LTM12 months
Jul-07-2013
Restructuring Charges (36.5) (31.2) (11.2) (8.3) (9.9) (10.9)
Impairment of Goodwill - - - - - -
Asset Writedown (1.5) (14.8) (1.3) (1.2) (1.2) (1.2)
Other Unusual Items - - - - - -
EBT Incl. Unusual Items 206.5 250.9 411.8 551.7 752.0 877.0
Income Tax Expense 92.0 104.1 165.9 209.1 286.5 334.5
Earnings from Cont. Ops. 114.5 146.8 245.8 342.6 465.6 542.6
Earnings of Discontinued Ops. - - - - - -
Extraord. Item & Account. Change - - - - - -
Net Income to Company 114.5 146.8 245.8 342.6 465.6 542.6
Minority Int. in Earnings - - - - - -
Net Income 114.5 146.8 245.8 342.6 465.6 542.6
Pref. Dividends and Other Adj. - 28.1 5.5 - - -
NI to Common Incl Extra Items 114.5 118.8 240.4 342.6 465.6 542.6
NI to Common Excl. Extra Items 114.5 118.8 240.4 342.6 465.6 542.6
Per Share Items
Basic EPS $0.41 $0.42 $0.72 $0.98 $1.28 $1.46
Basic EPS Excl. Extra Items 0.41 0.42 0.72 0.98 1.28 1.46
Weighted Avg. Basic Shares Out. 279.8 280.8 332.5 350.4 364.8 370.7
Diluted EPS $0.41 $0.42 $0.72 $0.97 $1.26 $1.45
Diluted EPS Excl. Extra Items 0.41 0.42 0.72 0.97 1.26 1.45
Weighted Avg. Diluted Shares Out. 280.0 280.8 343.4 354.6 368.9 373.9
Normalized Basic EPS $0.55 $0.66 $0.8 $1.0 $1.31 $1.5
Normalized Diluted EPS 0.55 0.66 0.77 0.99 1.29 1.49
Dividends per Share $0.3 NA NA $0.2 $0.28 $0.37
Payout Ratio % 95.2% 13.5% 3.5% 15.4% 20.3% 23.1%
Supplemental Items
EBITDA 523.5 597.1 726.0 844.2 1,066.2 1,212.2
EBITA 287.2 338.3 456.5 563.9 761.0 885.0
EBIT 274.3 330.4 450.5 557.1 754.6 878.6
EBITDAR 775.6 872.7 1,022.3 1,159.1 1,411.6 NA
Effective Tax Rate % 44.5% 41.5% 40.3% 37.9% 38.1% 38.1%
Current Domestic Taxes 85.7 88.7 192.1 183.6 287.3 287.3
Current Foreign Taxes 6.8 1.5 4.2 5.1 4.5 4.5
Total Current Taxes 92.5 90.2 196.3 188.7 291.9 291.9
Deferred Domestic Taxes (2.7) 14.1 (30.3) 20.8 (5.4) (5.4)
Deferred Foreign Taxes 2.2 (0.1) 0 (0.4) 0 0
Total Deferred Taxes (0.5) 13.9 (30.3) 20.4 (5.4) (5.4)
Normalized Net Income 152.8 185.6 265.2 350.8 477.0 555.7
Interest Capitalized 6.0 5.2 3.8 2.6 0.5 NA
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012 Aug-09-2013
Restatement Type RC RC RC NC O O
Calculation Type REP REP REP REP REP LTM
Supplemental Operating Expense Items
Marketing Exp. 39.7 32.9 37.9 43.2 51.3 NA
Selling and Marketing Exp. 39.7 32.9 37.9 43.2 51.3 51.3
General and Administrative Exp. 270.4 243.7 272.4 310.9 370.9 394.9
Net Rental Exp. 252.1 275.6 296.3 314.9 345.4 NA
Imputed Oper. Lease Interest Exp. 101.3 111.1 139.8 61.8 111.2 -
Imputed Oper. Lease Depreciation 150.8 164.5 156.5 253.1 234.2 -
Stock-Based Comp., COGS 0.2 0.4 0.9 1.4 1.9 1.9
Stock-Based Comp., G&A Exp. 5.0 5.2 11.9 11.7 17.8 22.8
Stock-Based Comp., SG&A Exp. 5.3 7.2 10.1 14.1 22.6 31.6
Stock-Based Comp., Total 10.5 12.8 22.9 27.3 42.3 56.3
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Financial Data
Details
Template: Domjen XOM RV Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name LTM R&D Exp. LTM Payout Ratio LTM Dividends per share LTM EBITDA
Family Dollar Stores Inc. (NYSE:FDO) - 24.38% 0.89 927.5
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) - 26.65% 0.59 333.8
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) - 82.84% 0.66 219.5
Safeway Inc. (NYSE:SWY) - 31.79% 0.73 2,228.1
The Fresh Market, Inc. (NasdaqGS:TFM) - - - 160.1
The Kroger Co. (NYSE:KR) - 18.19% 0.57 4,517.0
Whole Foods Market, Inc. (NasdaqGS:WFM) - 23.13% 0.37 1,212.2
Summary Statistics LTM R&D Exp. LTM Payout Ratio LTM Dividends per share LTM EBITDA
High - 82.84% 0.89 4,517.0
Low - 18.19% 0.57 160.1
Mean - 36.77% 0.69 1,397.7
Median - 26.65% 0.66 630.7
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Financial Data
LTM EBITDAR LTM Revenues Per Share Market Capitalization Latest 52 Week High Price Latest 52 Week Low Price Latest Day Close Price Latest
- 88.7 8,083.4 74.44 54.06 70.29
- 95.31 2,426.0 49.9 35.25 49.05
- 155.7 612.5 29.33 15.29 26.91
- 186.07 6,237.6 28.42 15.0 25.85
- 29.35 2,366.0 62.48 36.51 49.07
- 187.04 19,351.2 39.98 22.26 37.34
- 34.67 20,044.9 56.83 40.7 53.81
LTM EBITDAR LTM Revenues Per Share Market Capitalization Latest 52 Week High Price Latest 52 Week Low Price Latest Day Close Price Latest
- 187.04 19,351.2 74.44 54.06 70.29
- 29.35 612.5 28.42 15.0 25.85
- 123.7 6,512.8 47.42 29.73 43.09
- 125.5 4,331.8 44.94 28.76 43.2
5 Year Beta Dividend Yield Latest TEV/EBITDA LTM - Latest LTM Return on Capital %
0.12 1.5% 9.3x 8.8x 17.30x 21.1%
0.79 1.2% 7.3x 6.6x 19.40x 9.2%
1.09 2.4% 7.0x 6.7x 11.93x 5.9%
0.72 3.1% 5.1x 6.8x 18.46x 7.6%
0.38 0.0% 15.0x 12.2x 28.67x 28.0%
0.47 1.6% 6.0x 6.2x 13.07x 14.4%
1.07 0.8% 15.7x 13.8x 32.43x 14.7%
5 Year Beta Dividend Yield Latest TEV/EBITDA LTM - Latest LTM Return on Capital %
1.09 3.1% 15.0x 12.2x 28.67x 28.0%
0.12 0.0% 5.1x 6.2x 11.93x 5.9%
0.59 1.6% 8.3x 7.9x 18.14x 14.4%
0.6 1.6% 7.2x 6.8x 17.88x 11.8%
NTM TEV/Forward EBITDA (Capital IQ)
NTM Forward P/E (Capital IQ)
NTM TEV/Forward EBITDA (Capital IQ)
NTM Forward P/E (Capital IQ)
LTM Return on Equity % LTM EBITDA Margin % LTM Gross Margin % LTM Net Income Margin %
29.8% 9.0% 34.0% 4.12%
10.5% 7.2% 30.0% 2.35%
4.4% 5.8% 22.1% 0.49%
20.8% 5.1% 27.7% 1.20%
34.4% 11.3% 34.2% 4.90%
35.8% 4.6% 21.1% 1.57%
14.6% 9.4% 35.8% 4.22%
LTM Return on Equity % LTM EBITDA Margin % LTM Gross Margin % LTM Net Income Margin %
35.8% 11.3% 34.2% 4.90%
4.4% 4.6% 21.1% 0.49%
22.6% 7.2% 28.2% 2.44%
25.3% 6.5% 28.8% 1.96%
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Growth
Details
Template: Domjen XOM RV Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name LTM EBITDA, 1 Yr Growth %
Family Dollar Stores Inc. (NYSE:FDO) 12.66% 0.27% 6.46% 2.39%
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) 3.66% 115.62% 7.00% 11.22%
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) 4.18% (54.99%) 5.93% (54.81%)
Safeway Inc. (NYSE:SWY) 7.49% (2.42%) 10.26% 75.16%
The Fresh Market, Inc. (NasdaqGS:TFM) 15.63% 15.47% 15.32% 14.47%
The Kroger Co. (NYSE:KR) 6.25% 152.71% 52.70% 177.34%
Whole Foods Market, Inc. (NasdaqGS:WFM) 15.35% 26.63% 21.36% 23.71%
Summary Statistics LTM EBITDA, 1 Yr Growth %
High 15.63% 152.71% 52.70% 177.34%
Low 3.66% (54.99%) 5.93% (54.81%)
Mean 8.31% 37.77% 16.28% 37.63%
Median 6.87% 7.87% 8.63% 12.84%
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
LTM Total Revenues, 1 Yr Growth %
LTM Net Income, 1 Yr Growth %
LTM Diluted EPS before Extra, 1 Yr Growth %
LTM Total Revenues, 1 Yr Growth %
LTM Net Income, 1 Yr Growth %
LTM Diluted EPS before Extra, 1 Yr Growth %
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Growth
LTM EBITDA, 5 Yr CAGR %
14.10% 13.33% 8.40% 18.90% 14.17% 13.14%
9.26% 3.43% 3.57% 3.39% 3.31% 4.65%
0.00% 2.00% 3.74% (19.65%) (19.83%) 0.00%
18.85% (5.54%) 0.37% 3.72% (10.57%) 20.13%
- - - - - -
25.56% 3.58% 6.11% 10.11% 4.58% 12.40%
42.31% 17.98% 10.20% 22.58% 29.85% (1.05%)
LTM EBITDA, 5 Yr CAGR %
25.56% 13.33% 8.40% 18.90% 14.17% 20.13%
0.00% (5.54%) 0.37% (19.65%) (19.83%) 0.00%
13.55% 3.36% 4.44% 3.29% (1.67%) 10.06%
14.10% 3.43% 3.74% 3.72% 3.31% 12.40%
LTM Dividend per Share, 1 Yr Growth %
LTM Total Revenues, 5 Yr CAGR %
LTM Diluted EPS before Extra, 5 Yr CAGR %
LTM Net Income, 5 Yr CAGR %
LTM Dividend per Share, 5 Yr CAGR %
LTM Dividend per Share, 1 Yr Growth %
LTM Total Revenues, 5 Yr CAGR %
LTM Diluted EPS before Extra, 5 Yr CAGR %
LTM Net Income, 5 Yr CAGR %
LTM Dividend per Share, 5 Yr CAGR %
FQ Total Debt/Equity % LTM Return on Assets % LTM Net Income FY Total Equity FY Total Assets
48.3% 12.2% 422.3 1,297.63 3,373.1
19.9% 6.1% 109.6 1,037.62 1,952.5
234.4% 4.8% 18.5 457.41 1,642.1
177.8% 4.7% 528.2 2,933.4 14,657.0
18.7% 17.3% 69.3 197.86 385.4
172.9% 7.4% 1,539.0 4,214.0 24,652.0
0.7% 10.5% 542.6 3,802.47 5,294.2
FQ Total Debt/Equity % LTM Return on Assets % LTM Net Income FY Total Equity FY Total Assets
234.4% 17.3% 1,539.0 4,214.0 24,652.0
18.7% 4.7% 18.5 197.86 385.4
112.0% 8.8% 447.8 1,689.65 7,777.0
110.6% 6.7% 265.9 1,167.62 2,662.8
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Multiples
View: Data Frequency: Quarterly
Order: Latest on Right Decimals: Capital IQ (Default)
Multiples Detail
For Quarter Ending Mar-31-2008 Jun-30-2008 Sep-30-2008 Dec-31-2008 Mar-31-2009
TEV/LTM Total Revenue Average 0.85x 0.68x 0.47x 0.31x 0.33x
High 1.00x 0.78x 0.55x 0.46x 0.43x
Low 0.70x 0.54x 0.42x 0.26x 0.28x
Close 0.74x 0.54x 0.46x 0.28x 0.41x
TEV/NTM Total Revenues Average - - - - -
High - - - - -
Low - - - - -
Close - - - - -
TEV/LTM EBITDA Average 11.90x 9.91x 7.12x 4.77x 5.01x
High 13.61x 11.34x 8.11x 7.16x 6.45x
Low 10.12x 8.02x 6.51x 3.92x 4.19x
Close 10.77x 8.02x 7.11x 4.24x 6.08x
TEV/NTM EBITDA Average - - - - -
High - - - - -
Low - - - - -
Close - - - - -
TEV/LTM EBIT Average 19.88x 17.33x 13.05x 9.04x 9.61x
High 22.13x 19.58x 14.68x 13.44x 12.37x
Low 17.47x 14.23x 12.20x 7.51x 8.02x
Close 18.60x 14.23x 13.33x 8.08x 11.65x
P/LTM EPS Average 29.26x 25.80x 18.56x 12.51x 16.22x
High 32.38x 29.38x 21.87x 19.30x 24.76x
Low 25.74x 20.54x 17.02x 9.56x 11.38x
Close 27.69x 20.54x 19.11x 11.53x 22.82x
P/NTM EPS Average - - - - -
High - - - - -
Low - - - - -
Close - - - - -
P/LTM Normalized EPS Average 28.05x 24.66x 17.64x 10.42x 11.46x
High 31.10x 28.16x 20.57x 18.34x 16.61x
Low 24.67x 19.61x 16.18x 7.55x 8.50x
Close 26.54x 19.61x 18.16x 8.61x 15.30x
P/BV Average 3.47x 2.87x 1.89x 1.07x 1.16x
High 3.98x 3.34x 2.26x 1.89x 1.69x
Low 2.93x 2.23x 1.66x 0.76x 0.86x
Close 3.15x 2.23x 1.87x 0.88x 1.56x
P/Tangible BV Average 7.29x 5.96x 3.87x 2.13x 2.27x
High 8.40x 6.99x 4.66x 3.84x 3.29x
Low 6.12x 4.60x 3.38x 1.50x 1.67x
Close 6.59x 4.60x 3.80x 1.72x 3.03x
TEV/LTM Unlevered FCF Average NM NM NM NM NM
High NM NM NM NM NM
Low NM NM NM NM NM
Close NM NM NM NM NM
Market Cap/LTM Levered FCF Average NM NM NM NM NM
High NM NM NM NM NM
Low NM NM NM NM NM
Close NM NM NM NM NM
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to negative values, then they will not be displayed in the chart.
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end date.
Historical Equity Pricing Data supplied by
Jun-30-2009 Sep-30-2009 Dec-30-2009 Mar-31-2010 Jun-30-2010 Sep-30-2010 Dec-31-2010 Mar-31-2011 Jun-30-2011
0.45x 0.56x 0.60x 0.70x 0.82x 0.74x 0.87x 1.05x 1.09x
0.51x 0.63x 0.70x 0.80x 0.88x 0.83x 0.99x 1.20x 1.22x
0.41x 0.40x 0.53x 0.57x 0.75x 0.69x 0.69x 0.93x 0.95x
0.43x 0.63x 0.58x 0.78x 0.75x 0.74x 0.98x 1.20x 1.12x
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
6.63x 7.70x 8.10x 8.99x 10.21x 9.11x 10.72x 12.92x 13.28x
7.63x 8.60x 9.48x 9.97x 10.89x 10.21x 12.30x 14.74x 14.92x
6.02x 5.80x 7.00x 7.53x 9.18x 8.53x 8.50x 11.52x 11.50x
6.26x 8.60x 7.58x 9.76x 9.18x 9.12x 12.12x 14.73x 13.59x
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
12.62x 14.18x 14.56x 15.55x 17.08x 14.89x 17.33x 20.53x 20.70x
14.62x 15.59x 17.19x 16.92x 18.47x 16.87x 19.82x 23.18x 23.47x
11.34x 10.93x 12.42x 13.36x 15.17x 13.85x 13.85x 18.57x 17.81x
11.79x 15.59x 13.44x 16.57x 15.17x 14.85x 19.53x 23.17x 21.06x
28.73x 39.98x 38.82x 34.90x 35.93x 28.64x 31.75x 36.57x 36.17x
33.55x 46.73x 52.40x 37.81x 41.42x 33.53x 35.87x 40.82x 41.31x
23.36x 26.66x 29.91x 31.24x 30.08x 26.06x 25.97x 33.28x 31.07x
29.45x 46.73x 32.87x 37.00x 30.08x 27.88x 35.34x 40.80x 36.52x
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
17.50x 20.88x 21.91x 21.70x 25.19x 23.47x 28.72x 34.90x 34.96x
20.68x 23.51x 26.36x 23.89x 27.21x 25.77x 33.25x 39.73x 40.21x
15.59x 14.84x 18.26x 19.64x 23.12x 21.94x 22.21x 31.15x 29.91x
16.40x 23.51x 20.06x 23.38x 23.12x 23.84x 32.76x 39.71x 35.16x
1.80x 2.31x 2.54x 2.66x 3.08x 2.78x 3.25x 3.96x 4.06x
2.11x 2.69x 3.02x 2.98x 3.29x 3.10x 3.72x 4.55x 4.61x
1.60x 1.56x 2.18x 2.35x 2.79x 2.59x 2.58x 3.49x 3.51x
1.72x 2.69x 2.40x 2.92x 2.79x 2.77x 3.67x 4.55x 4.13x
3.46x 4.31x 4.65x 4.40x 4.64x 4.10x 4.73x 5.65x 5.63x
4.09x 4.98x 5.58x 4.66x 4.99x 4.62x 5.39x 6.42x 6.50x
3.10x 2.96x 3.97x 3.76x 4.14x 3.81x 3.80x 5.05x 4.80x
3.27x 4.98x 4.36x 4.46x 4.14x 4.08x 5.31x 6.42x 5.65x
NM NM 28.50x 30.57x 30.58x 22.30x 24.52x 26.00x 26.27x
NM NM 33.85x 35.44x 34.14x 29.39x 28.57x 29.58x 28.35x
NM NM 26.20x 25.94x 26.42x 18.86x 18.79x 21.56x 23.95x
NM NM 28.35x 30.62x 26.42x 20.15x 28.15x 26.57x 28.32x
NM NM 28.02x 31.62x 32.83x 23.72x 26.05x 27.56x 27.91x
NM NM 34.28x 36.11x 36.63x 31.62x 30.43x 31.51x 30.16x
NM NM 25.35x 27.51x 28.36x 19.90x 19.83x 22.81x 25.35x
NM NM 27.86x 32.72x 28.36x 21.29x 29.98x 28.01x 30.13x
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to negative values, then they will not be displayed in the chart.
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end date.
Sep-30-2011 Dec-30-2011 Mar-30-2012 Jun-29-2012 Sep-28-2012 Dec-31-2012 Mar-28-2013 Jun-28-2013 Sep-04-2013
1.11x 1.16x 1.32x 1.41x 1.49x 1.41x 1.30x 1.36x 1.51x
1.24x 1.28x 1.41x 1.55x 1.56x 1.58x 1.42x 1.49x 1.59x
0.92x 1.06x 1.17x 1.31x 1.30x 1.29x 1.21x 1.19x 1.42x
1.12x 1.17x 1.37x 1.52x 1.52x 1.34x 1.25x 1.44x 1.48x
- - - 1.22x 1.28x 1.24x 1.16x 1.22x 1.35x
- - - 1.33x 1.34x 1.36x 1.30x 1.33x 1.43x
- - - 1.13x 1.14x 1.15x 1.08x 1.06x 1.27x
- - - 1.31x 1.30x 1.20x 1.12x 1.29x 1.33x
13.32x 13.83x 15.59x 16.31x 16.68x 15.62x 14.22x 14.68x 16.13x
14.89x 15.34x 16.63x 17.73x 17.61x 17.64x 15.63x 15.97x 17.08x
10.99x 12.69x 14.05x 15.04x 14.48x 14.22x 13.08x 12.92x 15.03x
13.42x 14.04x 16.07x 17.42x 16.94x 14.74x 13.54x 15.43x 15.74x
- - - 13.77x 14.02x 13.36x 12.46x 13.07x 14.26x
- - - 14.84x 14.70x 14.81x 13.89x 14.21x 15.19x
- - - 12.60x 12.71x 12.34x 11.55x 11.43x 13.20x
- - - 14.54x 14.22x 12.80x 11.97x 13.73x 13.83x
20.41x 21.01x 23.37x 23.95x 24.04x 22.23x 20.00x 20.47x 22.33x
22.71x 23.40x 24.76x 25.85x 25.68x 25.31x 22.08x 22.21x 23.75x
16.76x 19.23x 21.29x 21.93x 20.78x 20.09x 18.31x 18.09x 20.73x
20.48x 21.28x 23.92x 25.40x 24.30x 20.83x 18.96x 21.46x 21.72x
74.27x 35.88x 39.37x 40.68x 41.10x 38.33x 34.62x 35.39x 38.32x
287.28x 40.20x 41.47x 43.95x 43.67x 43.15x 38.23x 38.37x 40.90x
30.76x 32.76x 36.08x 37.66x 36.05x 34.96x 31.67x 31.31x 35.49x
35.38x 36.05x 40.13x 43.23x 41.54x 36.17x 32.72x 37.15x 37.10x
- - - 34.10x 33.98x 32.56x 30.33x 31.24x 33.57x
- - - 36.37x 35.99x 35.57x 33.45x 33.72x 35.91x
- - - 31.22x 31.37x 30.44x 27.94x 27.65x 31.02x
- - - 35.63x 34.24x 31.48x 28.90x 32.62x 32.43x
71.78x 34.89x 38.52x 39.69x 39.97x 37.32x 33.72x 34.41x 37.32x
278.00x 38.83x 40.65x 42.78x 42.50x 41.95x 37.25x 37.29x 39.74x
29.71x 31.96x 35.20x 36.66x 35.08x 34.12x 30.82x 30.47x 34.64x
34.18x 35.17x 39.34x 42.08x 40.38x 35.25x 31.84x 36.10x 36.21x
4.04x 4.13x 4.59x 4.76x 4.86x 4.64x 4.52x 4.97x 5.44x
4.49x 4.62x 4.87x 5.13x 5.10x 5.13x 5.07x 5.42x 5.78x
3.36x 3.78x 4.16x 4.40x 4.28x 4.30x 4.29x 4.34x 5.06x
4.07x 4.16x 4.71x 5.05x 4.94x 4.45x 4.54x 5.25x 5.29x
5.46x 5.50x 6.00x 6.08x 6.10x 5.76x 5.66x 6.27x 6.81x
6.04x 6.21x 6.32x 6.50x 6.46x 6.41x 6.42x 6.82x 7.27x
4.52x 5.00x 5.51x 5.57x 5.35x 5.31x 5.30x 5.50x 6.30x
5.47x 5.50x 6.11x 6.40x 6.17x 5.49x 5.75x 6.60x 6.59x
29.41x 34.21x 46.95x 48.38x 45.08x 42.69x 40.96x 42.32x 43.33x
33.51x 36.69x 54.53x 54.36x 49.51x 46.98x 45.36x 45.10x 48.24x
24.99x 28.83x 36.52x 42.28x 38.58x 39.61x 38.97x 38.51x 38.55x
30.22x 36.49x 52.67x 48.98x 45.12x 41.04x 40.34x 43.59x 40.39x
31.39x 36.40x 49.98x 51.86x 48.27x 45.82x 43.73x 44.82x 45.61x
35.60x 38.94x 58.09x 57.92x 52.99x 50.10x 47.78x 47.66x 50.80x
26.95x 30.83x 38.77x 45.70x 41.65x 42.74x 41.39x 40.92x 40.61x
32.25x 38.74x 56.22x 52.45x 48.23x 44.19x 42.76x 46.15x 42.45x
16.68x 2012
13.32x 2011
9.11x 2010
7.70x 2009
7.12x 2008
39.97x 2012
71.78x 2011
23.47x 2010
20.88x 2009
17.64x 2008
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Balance Sheet
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Balance Sheet
Sep-27-2009 Sep-26-2010 Sep-25-2011 Sep-30-2012 Jul-07-2013
Currency USD USD USD USD USD USD
ASSETS
Cash And Equivalents 30.5 430.1 132.0 212.0 89.0 311.0
Short Term Investments - - 329.7 442.3 1,131.2 678.0
Total Cash & ST Investments 30.5 430.1 461.7 654.3 1,220.2 989.0
Accounts Receivable 115.4 104.7 133.3 175.3 196.5 181.0
Total Receivables 115.4 104.7 133.3 175.3 196.5 181.0
Inventory 327.5 310.6 323.5 336.8 374.3 390.0
Prepaid Exp. 68.2 46.3 54.7 73.6 76.5 87.0
Deferred Tax Assets, Curr. 80.4 87.8 101.5 121.2 132.2 144.0
Restricted Cash 0.6 71.0 86.8 92.0 102.9 110.0
Other Current Assets - 4.8 - - - -
Total Current Assets 622.6 1,055.4 1,161.5 1,453.1 2,102.6 1,901.0
Gross Property, Plant & Equipment 2,894.3 3,078.2 3,298.2 3,619.4 4,048.6 -
Accumulated Depreciation (994.2) (1,180.3) (1,412.1) (1,622.2) (1,856.0) -
Net Property, Plant & Equipment 1,900.1 1,897.9 1,886.1 1,997.2 2,192.7 2,324.0
Long-term Investments - - 96.1 52.8 221.4 355.0
Goodwill 659.6 658.3 665.2 662.9 662.9 679.0
Other Intangibles 78.5 73.0 69.1 67.2 62.4 66.0
Deferred Tax Assets, LT 109.0 91.0 99.2 50.1 42.8 55.0
Other Long-Term Assets 11.0 7.9 9.3 8.6 9.3 14.0
Total Assets 3,380.7 3,783.4 3,986.5 4,292.1 5,294.2 5,394.0
Balance Sheet as of: RestatedSep-28-2008
LIABILITIES
Accounts Payable 183.1 189.6 213.2 236.9 247.1 230.0
Accrued Exp. 196.2 208.0 345.5 391.0 422.6 355.0
Curr. Port. of LT Debt 0.4 - - - - -
Curr. Port. of Cap. Leases - 0.4 0.4 0.5 1.0 1.0
Other Current Liabilities 286.4 286.1 188.7 251.0 306.5 468.0
Total Current Liabilities 666.2 684.0 747.9 879.4 977.2 1,054.0
Long-Term Debt 928.8 720.6 490.4 - - -
Capital Leases - 18.3 17.9 17.4 23.1 26.0
Other Non-Current Liabilities 279.7 319.6 357.1 404.0 491.4 529.0
Total Liabilities 1,874.7 1,742.5 1,613.3 1,300.8 1,491.7 1,609.0
Pref. Stock, Convertible - 413.1 - - - -
Total Pref. Equity - 413.1 - - - -
Common Stock 1,266.1 1,283.0 1,773.9 2,121.0 2,592.4 2,726.0
Additional Paid In Capital - - - - - -
Retained Earnings 239.5 358.2 598.6 870.5 1,233.4 1,181.0
Treasury Stock - - - - (28.6) (116.0)
Comprehensive Inc. and Other 0.4 (13.4) 0.8 (0.2) 5.3 (6.0)
Total Common Equity 1,506.0 1,627.9 2,373.3 2,991.3 3,802.5 3,785.0
Total Equity 1,506.0 2,040.9 2,373.3 2,991.3 3,802.5 3,785.0
Total Liabilities And Equity 3,380.7 3,783.4 3,986.5 4,292.1 5,294.2 5,394.0
Supplemental Items
Total Shares Out. on Filing Date 280.6 281.3 345.9 357.8 371.0 372.5
Total Shares Out. on Balance Sheet Date 280.6 281.1 344.1 357.8 370.9 372.3
Book Value/Share $5.37 $5.79 $6.9 $8.36 $10.25 $10.17
Tangible Book Value 768.0 896.6 1,639.0 2,261.1 3,077.1 3,040.0
Tangible Book Value/Share $2.74 $3.19 $4.76 $6.32 $8.3 $8.17
Total Debt 929.2 739.2 508.7 17.9 24.1 27.0
Net Debt 898.6 309.1 47.0 (636.4) (1,196.1) (962.0)
Debt Equivalent Oper. Leases 2,016.8 2,204.8 2,370.4 2,519.2 2,763.2 NA
Inventory Method LIFO LIFO LIFO LIFO LIFO NA
LIFO Reserve (32.7) (27.1) (19.4) (29.7) (29.8) NA
Finished Goods Inventory 327.5 310.6 323.5 336.8 374.3 390.0
Land 51.4 48.9 48.9 48.9 76.6 NA
Buildings 1,463.9 1,687.1 1,863.3 1,958.6 2,219.8 NA
Machinery 1,157.1 1,187.2 1,240.3 1,398.8 1,674.1 NA
Construction in Progress 197.0 130.1 120.8 188.8 53.3 -
Full Time Employees 46,800 43,000 45,300 48,200 53,100 NA
Part-Time Employees 3,800 7,500 10,700 13,300 16,400 NA
Assets under Cap. Lease, Gross 24.9 24.9 24.9 24.3 24.9 NA
Accum. Allowance for Doubtful Accts NA NA 2.2 2.2 4.0 NA
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012 Aug-09-2013
Restatement Type RS NC NC NC O O
Calculation Type RUP RUP RUP REP REP REP
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Cash Flow
In Millions of the reported currency, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Cash Flow
Currency USD USD USD USD USD USD
Net Income 114.5 146.8 245.8 342.6 465.6 542.6
Depreciation & Amort. 236.3 258.8 269.6 280.3 305.2 327.2
Amort. of Goodwill and Intangibles 12.9 7.9 6.0 6.8 6.4 6.4
Depreciation & Amort., Total 249.2 266.7 275.6 287.1 311.6 333.6
(Gain) Loss From Sale Of Assets 3.8 3.0 (0.2) 2.2 2.2 2.2
(Gain) Loss On Sale Of Invest. - - 1.5 6.2 15.7 29.7
Asset Writedown & Restructuring Costs 9.2 24.5 - - - -
Stock-Based Compensation 10.5 12.8 22.9 27.3 42.3 56.3
Tax Benefit from Stock Options (5.7) 0 (3.0) (22.7) (50.3) (42.3)
Other Operating Activities 46.8 59.3 (3.2) 84.0 67.4 16.4
Change in Acc. Receivable (10.5) 10.4 (28.4) (35.4) (29.9) (2.9)
Change In Inventories (52.6) 21.7 (3.0) (23.3) (37.1) (14.1)
Change in Acc. Payable (45.4) 6.5 23.5 23.8 9.6 (8.4)
Change in Other Net Operating Assets 15.2 36.0 53.9 63.1 122.7 93.7
Cash from Ops. 335.0 587.7 585.3 754.8 919.7 1,006.7
Capital Expenditure (529.5) (314.6) (256.8) (365.0) (456.2) (507.2)
Cash Acquisitions (5.5) - (14.5) (2.0) - (22.0)
Divestitures 163.9 - - - - -
Sale (Purchase) of Intangible assets - (1.6) - - - -
Invest. in Marketable & Equity Securt. 0 - (425.6) (73.1) (871.3) 151.7
Net (Inc.) Dec. in Loans Originated/Sold - - - - - -
Other Investing Activities (1.7) (70.1) (18.5) (10.7) (13.8) (13.8)
For the Fiscal Period EndingRestated
12 monthsSep-28-2008
12 monthsSep-27-2009
12 monthsSep-26-2010
12 monthsSep-25-2011
12 monthsSep-30-2012
LTM12 months
Jul-07-2013
Cash from Investing (372.7) (386.3) (715.4) (450.7) (1,341.3) (391.3)
Short Term Debt Issued - - - - - -
Long-Term Debt Issued 317.0 123.0 - - - -
Total Debt Issued 317.0 123.0 - - - -
Short Term Debt Repaid - - - - - -
Long-Term Debt Repaid (161.2) (318.4) (210.4) (490.4) (0.3) -
Total Debt Repaid (161.2) (318.4) (210.4) (490.4) (0.3) (1.3)
Issuance of Common Stock 18.0 4.3 47.0 296.7 370.2 106.2
Repurchase of Common Stock - - - - (28.6) (88.6)
Issuance of Pref. Stock - 413.1 - - - -
Common Dividends Paid (109.1) - - (52.6) (94.5) (125.5)
Pref. Dividends Paid - (19.8) (8.5) - - -
Total Dividends Paid (109.1) (19.8) (8.5) (52.6) (94.5) (125.5)
Special Dividend Paid - - - - - (371.0)
Other Financing Activities 5.0 (2.7) 3.0 22.7 50.3 42.3
Cash from Financing 69.8 199.5 (168.9) (223.6) 297.2 (437.8)
Foreign Exchange Rate Adj. (1.6) (1.3) 0.9 (0.6) 1.5 (1.5)
Net Change in Cash 30.5 399.6 (298.1) 80.0 (123.0) 176.0
Supplemental Items
Cash Interest Paid 36.2 43.7 39.2 15.8 2.8 2.8
Cash Taxes Paid 118.4 69.7 193.0 192.5 201.8 343.8
Levered Free Cash Flow (127.0) 131.4 291.9 327.6 382.7 472.2
Unlevered Free Cash Flow (104.2) 154.4 312.5 330.0 382.9 472.5
Change in Net Working Capital 5.9 15.3 10.7 (32.4) (13.7) (40.7)
Net Debt Issued 155.8 (195.4) (210.4) (490.4) (0.3) (1.3)
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012 Aug-09-2013
Restatement Type RS NC NC NC O O
Calculation Type REP REP REP REP REP LTM
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Historical Capitalization
In Millions of the trading currency, except per share items. Frequency: Quarterly Order: Latest on Right
Currency: Trading Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Historical Capitalization
Jan-20-2008 Apr-13-2008 Jul-06-2008 Sep-28-2008 Jan-18-2009 Apr-12-2009
Pricing as of* Feb-29-2008 May-23-2008 Aug-15-2008 Nov-26-2008 Feb-27-2009 May-22-2009
Currency USD USD USD USD USD USD
Capitalization Detail
Share Price $17.58 $13.81 $9.85 $5.41 $6.08 $9.45
Shares Out. 279.0 280.4 280.6 280.6 280.8 280.9
Market Capitalization 4,903.8 3,872.5 2,762.2 1,516.8 1,705.8 2,654.3
- Cash & Short Term Investments 43.9 58.4 24.9 30.5 272.6 362.2
+ Total Debt 772.5 827.7 840.5 929.2 748.4 743.5
+ Pref. Equity - - - - 413.1 413.1
+ Total Minority Interest - - - - - -
= Total Enterprise Value (TEV) 5,632.5 4,641.8 3,577.8 2,415.5 2,594.7 3,448.7
Book Value of Common Equity 1,461.8 1,487.5 1,504.8 1,506.0 1,514.0 1,546.7
+ Pref. Equity - - - - 413.1 413.1
+ Total Minority Interest - - - - - -
+ Total Debt 772.5 827.7 840.5 929.2 748.4 743.5
= Total Capital 2,234.4 2,315.2 2,345.3 2,435.2 2,675.5 2,703.3
Balance Sheet as of:
* Pricing as of the filing date of the balance sheet period end date. For TEV calculation purposes on this page Capital IQ only uses balance sheet components from the original filing that is publicly available as of a given pricing date and does not use restated balance sheet data from a later filing. In the cases where a company did not disclose balance sheet values for a particular period, TEV is calculated using balance sheet components from the last reported balance sheet as of this date. The table above is organized along period end dates.
Historical Equity Pricing Data supplied by
** For companies that have multiple share classes that publicly trade, we are incorporating the different prices to calculate our company level market capitalization. Please click on the value to see the detailed calculation. Prices shown on this page are the close price of the company’s primary stock class. Shares shown on this page are total company as-reported share values.
Jul-05-2009 Sep-27-2009 Jan-17-2010 Apr-11-2010 Jul-04-2010 Sep-26-2010 Jan-16-2011 Apr-10-2011 Jul-03-2011
Aug-14-2009 Nov-27-2009 Feb-26-2010 May-21-2010 Aug-13-2010 Nov-24-2010 Feb-25-2011 May-20-2011 Aug-12-2011
USD USD USD USD USD USD USD USD USD
$14.05 $12.95 $17.75 $19.62 $18.21 $23.55 $28.94 $30.42 $29.15
281.0 281.3 340.7 342.9 343.8 345.9 347.1 351.4 354.4
3,947.5 3,642.6 6,046.0 6,727.7 6,260.6 8,146.1 10,045.9 10,690.4 10,328.2
377.0 430.1 482.4 591.5 431.1 461.7 583.9 553.9 536.9
742.2 739.2 734.1 729.0 513.6 508.7 408.3 208.2 18.0
413.1 413.1 - - - - - - -
- - - - - - - - -
4,725.7 4,364.8 6,297.7 6,865.2 6,343.1 8,193.1 9,870.4 10,344.6 9,809.3
1,591.9 1,627.9 2,111.8 2,217.0 2,299.9 2,373.3 2,514.6 2,702.7 2,845.1
413.1 413.1 - - - - - - -
- - - - - - - - -
742.2 739.2 734.1 729.0 513.6 508.7 408.3 208.2 18.0
2,747.2 2,780.2 2,845.8 2,946.0 2,813.5 2,882.0 2,922.9 2,910.9 2,863.2
Sep-25-2011 Jan-15-2012 Apr-08-2012 Jul-01-2012 Sep-30-2012 Jan-20-2013 Apr-14-2013 Jul-07-2013
Nov-23-2011 Feb-24-2012 May-17-2012 Aug-03-2012 Nov-21-2012 Feb-22-2013 May-17-2013 Aug-09-2013
USD USD USD USD USD USD USD USD
$31.62 $40.55 $41.98 $47.3 $46.04 $42.92 $51.89 $55.42
359.0 364.7 367.1 369.3 371.1 370.8 370.9 372.5
11,349.8 14,790.0 15,412.0 17,469.5 17,081.3 15,912.9 19,243.8 20,644.7
654.3 849.2 1,057.3 1,068.9 1,220.2 926.0 1,078.0 989.0
17.9 19.3 19.2 19.1 24.1 25.0 27.0 27.0
- - - - - - - -
- - - - - - - -
10,713.4 13,960.1 14,373.9 16,419.7 15,885.2 15,011.9 18,192.8 19,682.7
2,991.3 3,182.7 3,455.0 3,641.3 3,802.5 3,543.0 3,632.0 3,785.0
- - - - - - - -
- - - - - - - -
17.9 19.3 19.2 19.1 24.1 25.0 27.0 27.0
3,009.2 3,202.1 3,474.2 3,660.4 3,826.6 3,568.0 3,659.0 3,812.0
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Capital Structure Summary
Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Order: Latest on Right
Capital Structure Data
12 months Sep-28-2008 12 months Sep-27-2009 12 months Sep-26-2010
Currency USD USD USD
Units Millions % of Total Millions % of Total Millions % of Total
Total Debt 929.2 38.2% 739.2 26.6% 508.7 17.7%
Total Common Equity 1,506.0 61.8% 1,627.9 58.6% 2,373.3 82.3%
Total Preferred Equity - - 413.1 14.9% - -
Total Capital 2,435.2 100.0% 2,780.2 100.0% 2,882.0 100.0%
Currency USD USD USD
Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
Debt Summary Data
12 months Sep-28-2008 12 months Sep-27-2009 12 months Sep-26-2010
Currency USD USD USD
Units Millions % of Total Millions % of Total Millions % of Total
Total Revolving Credit 195.0 21.0% 0 0.0% 0 0.0%
Total Term Loans 700.0 75.3% 700.0 94.7% 490.0 96.3%
Total Subordinated Bonds and Notes 2.7 0.3% - - - -
Total Capital Leases 19.0 2.0% 18.6 2.5% 18.3 3.6%
Total Principal Due 916.7 98.7% 718.6 97.2% 508.3 99.9%
In Millions of the reported currency, except ratios and % of Total values.
For the Fiscal Period Ending
For the Fiscal Period Ending
Total Adjustments 12.5 1.3% 20.6 2.8% 0.4 0.1%
Total Debt Outstanding 929.2 100.0% 739.2 100.0% 508.7 100.0%
Available Credit
Undrawn Revolving Credit 75.9 - 335.2 - 342.9 -
Total Undrawn Credit 75.9 - 335.2 - 342.9 -
Additional Totals
Total Cash & ST Investments 30.5 - 430.1 - 461.7 -
Net Debt 898.6 - 309.1 - 47.0 -
Total Senior Debt 914.0 98.4% 718.6 97.2% 508.3 99.9%
Total Subordinated Debt 2.7 0.3% - - - -
Subordinated Debt 2.7 0.3% - - - -
Total Convertible Debt 2.7 0.3% - - - -
Curr. Port. of LT Debt/Cap. Leases 0.4 0.0% 0.4 0.1% 0.4 0.1%
Long-Term Debt (Incl. Cap. Leases) 928.8 100.0% 738.8 99.9% 508.3 99.9%
Total Bank Debt 895.0 96.3% 700.0 94.7% 490.0 96.3%
Total Secured Debt 914.0 98.4% 718.6 97.2% 508.3 99.9%
Senior Secured Loans 895.0 96.3% 700.0 94.7% 490.0 96.3%
Total Senior Secured Debt 914.0 98.4% 718.6 97.2% 508.3 99.9%
Total Unsecured Debt 2.7 0.3% - - - -
Variable Rate Debt 895.0 96.3% 700.0 94.7% 490.0 96.3%
Hedging Activities 12.5 1.3% 20.6 2.8% 0.4 0.1%
Credit Ratios
Net Debt/EBITDA 1.7x - 0.5x - 0.1x -
Total Debt/EBITDA 1.8x - 1.2x - 0.7x -
Total Senior Debt/EBITDA 1.7x - 1.2x - 0.7x -
Total Senior Secured/EBITDA 1.7x - 1.2x - 0.7x -
Total Sub. Debt/EBITDA 0.0x - - - - -
Subordinated Debt/EBITDA 0.0x - - - - -
Net Debt/(EBITDA-CAPEX) NM - 1.1x - 0.1x -
Total Debt/(EBITDA-CAPEX) NM - 2.6x - 1.1x -
Total Senior Debt/(EBITDA-CAPEX) NM - 2.5x - 1.1x -
Total Senior Secured/(EBITDA-CAPEX) NM - 2.5x - 1.1x -
Total Sub. Debt/(EBITDA-CAPEX) NM - - - - -
Subordinated Debt/(EBITDA-CAPEX) NM - - - - -
Fixed Payment Schedule
LT Debt (Incl. Cap. Leases) Due +2 - - 351.0 47.5% 246.0 48.4%
LT Debt (Incl. Cap. Leases) Due +3 - - 351.0 47.5% 246.1 48.4%
LT Debt (Incl. Cap. Leases) Due +4 449.9 48.4% - - - -
LT Debt (Incl. Cap. Leases) Due +5 449.8 48.4% - - - -
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs 899.7 96.8% 702.1 95.0% 492.1 96.7%
Cap. Lease Payment Due +1 0.4 - 0.4 - 0.4 -
Cap. Lease Payment Due +2 1.0 - 1.0 - 1.0 -
Cap. Lease Payment Due +3 1.0 - 1.0 - 1.1 -
Cap. Lease Payment Due +4 1.0 - 1.0 - 1.1 -
Cap. Lease Payment Due +5 1.0 - 1.0 - 1.1 -
Cap. Lease Payment Due, Next 5 Yrs 4.4 - 4.5 - 4.7 -
Cap. Lease Payment Due, After 5 Yrs 14.6 - 14.1 - 13.6 -
Cap. Lease Payment Due (incl. Interest) +1 - - - - - -
Operating Lease Commitment Due +1 261.5 - 265.4 - 295.0 -
Operating Lease Commitment Due +2 307.4 - 287.4 - 317.4 -
Operating Lease Commitment Due +3 320.1 - 304.1 - 328.4 -
Operating Lease Commitment Due +4 321.8 - 308.2 - 337.0 -
Operating Lease Commitment Due +5 319.7 - 310.9 - 338.8 -
Operating Lease Commitment Due, Next 5 Yrs 1,530.4 - 1,476.0 - 1,616.5 -
Operating Lease Commitment Due, After 5 Yrs 4,487.4 - 4,174.3 - 4,390.0 -
Sub-Lease Income +1 3.8 - 6.5 - 7.0 -
Sub-Lease Income +2 3.0 - 5.8 - 6.4 -
Sub-Lease Income +3 2.5 - 5.4 - 5.7 -
Sub-Lease Income +4 2.4 - 4.8 - 4.9 -
Sub-Lease Income +5 2.3 - 4.0 - 3.9 -
Sub-Lease Income, Next 5 Yrs 13.9 - 26.5 - 28.0 -
Sub-Lease Income, After 5 Yrs 12.4 - 12.7 - 11.8 -
Contractual Obligations Due +1 - - 35.9 - 7.9 -
Contractual Obligations Due + 2 - - 14.3 - 3.3 -
Contractual Obligations Due + 3 - - 14.3 - 3.3 -
Contractual Obligations Due, Next 5 Yrs - - 64.5 - 14.6 -
Total Contractual Obligations - - 64.5 - 14.6 -
Interest Rate Data
Filing Date Nov-24-2010 - Nov-23-2011 - Nov-21-2012 -
Currency USD USD USD
Exchange Rate 1.0 1.0 1.0
Conversion Method S S S
12 months Sep-25-2011 12 months Sep-30-2012 3 months Jul-07-2013
USD USD USD
Millions % of Total Millions % of Total Millions % of Total
17.9 0.6% 24.1 0.6% 27.0 0.7%
2,991.3 99.4% 3,802.5 99.4% 3,785.0 99.3%
- - - - - -
3,009.2 100.0% 3,826.6 100.0% 3,812.0 100.0%
USD USD USD
1.0 1.0 1.0
S S S
12 months Sep-25-2011 12 months Sep-30-2012 3 months Jul-07-2013
USD USD USD
Millions % of Total Millions % of Total Millions % of Total
- - - - - -
- - - - - -
- - - - - -
17.9 100.0% 24.1 100.0% 27.0 100.0%
17.9 100.0% 24.1 100.0% 27.0 100.0%
- - - - - -
17.9 100.0% 24.1 100.0% 27.0 100.0%
- - - - - -
- - - - - -
654.3 - 1,220.2 - 989.0 -
(636.4) - (1,196.1) - (962.0) -
17.9 100.0% 24.1 100.0% 27.0 100.0%
- - - - - -
- - - - - -
- - - - - -
0.5 2.6% 1.0 4.2% 1.0 3.7%
17.4 97.4% 23.1 95.8% 26.0 96.3%
- - - - - -
17.9 100.0% 24.1 100.0% 27.0 100.0%
- - - - - -
17.9 100.0% 24.1 100.0% 27.0 100.0%
- - - - - -
- - - - - -
- - - - - -
NM - NM - NM -
0.0x - 0.0x - 0.0x -
0.0x - 0.0x - 0.0x -
0.0x - 0.0x - 0.0x -
- - - - - -
- - - - - -
NM - NM - NM -
0.0x - 0.0x - 0.0x -
0.0x - 0.0x - 0.0x -
0.0x - 0.0x - 0.0x -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
0.5 - 1.0 - 1.0 -
1.1 - 1.5 - - -
1.1 - 1.6 - - -
1.2 - 1.5 - - -
1.1 - 1.5 - - -
4.9 - 7.1 - 1.0 -
13.0 - 17.1 - 26.0 -
- - 3.0 - - -
319.5 - 309.1 - - -
344.4 - 364.3 - - -
360.1 - 385.5 - - -
366.3 - 396.1 - - -
368.0 - 397.0 - - -
1,758.3 - 1,852.0 - - -
4,612.5 - 4,922.8 - - -
7.3 - 7.5 - - -
6.7 - 7.3 - - -
5.7 - 6.0 - - -
4.4 - 5.5 - - -
3.7 - 4.5 - - -
27.7 - 30.8 - - -
11.5 - 13.0 - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Nov-21-2012 - Nov-21-2012 - Aug-09-2013 -
USD USD USD
1.0 1.0 1.0
S S S
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Capital Structure Details
Period Type: Annual Source: A 2012 filed Nov-21-2012
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)
FY 2012 (Sep-30-2012) Capital Structure As Reported Details
Description Type Principal Due (USD) Maturity Seniority Secured
Capital Lease Obligations Capital Lease 24.1 NA NA 2029 Senior Yes
FY 2011 (Sep-25-2011) Capital Structure As Reported Details
Description Type Principal Due (USD) Maturity Seniority Secured
Capital Lease Obligations Capital Lease 17.9 NA NA 2029 Senior Yes
Principal Due in Millions of the reported currency.
Coupon/Base Rate Floating Rate
Coupon/Base Rate Floating Rate
Convertible
No USD
Convertible
No USD
Repayment Currency
Repayment Currency
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Ratios
Restatement: Latest Filings Period Type: Annual
Order: Latest on Right Decimals: Capital IQ (Default)
Ratios
Profitability
Return on Assets % 5.2% 5.8% 7.2% 8.4% 9.8% 10.5%
Return on Capital % 7.4% 7.9% 9.9% 11.8% 13.8% 14.7%
Return on Equity % 7.7% 8.3% 11.1% 12.8% 13.7% 14.6%
Return on Common Equity % 7.7% 7.6% 12.0% 12.8% 13.7% 14.6%
Margin Analysis
Gross Margin % 34.0% 34.3% 34.8% 35.0% 35.5% 35.8%
SG&A Margin % 29.9% 29.6% 29.4% 29.1% 28.7% 28.5%
EBITDA Margin % 6.6% 7.4% 8.1% 8.4% 9.1% 9.4%
EBITA Margin % 3.6% 4.2% 5.1% 5.6% 6.5% 6.9%
EBIT Margin % 3.4% 4.1% 5.0% 5.5% 6.5% 6.8%
Earnings from Cont. Ops Margin % 1.4% 1.8% 2.7% 3.4% 4.0% 4.2%
Net Income Margin % 1.4% 1.8% 2.7% 3.4% 4.0% 4.2%
Net Income Avail. for Common Margin % 1.4% 1.5% 2.7% 3.4% 4.0% 4.2%
Normalized Net Income Margin % 1.9% 2.3% 2.9% 3.5% 4.1% 4.3%
Levered Free Cash Flow Margin % (1.6%) 1.6% 3.2% 3.2% 3.3% 3.7%
Unlevered Free Cash Flow Margin % (1.3%) 1.9% 3.5% 3.3% 3.3% 3.7%
Asset Turnover
Total Asset Turnover 2.4x 2.2x 2.3x 2.4x 2.4x 2.5x
Fixed Asset Turnover 4.5x 4.2x 4.8x 5.2x 5.6x 5.8x
Accounts Receivable Turnover 72.1x 73.0x 75.7x 65.5x 62.9x 71.4x
Inventory Turnover 17.0x 16.5x 18.5x 19.9x 21.2x 21.6x
Short Term Liquidity
Current Ratio 0.9x 1.5x 1.6x 1.7x 2.2x 1.8x
Quick Ratio 0.2x 0.8x 0.8x 0.9x 1.4x 1.1x
For the Fiscal Period Ending 12 monthsSep-28-2008
12 monthsSep-27-2009
12 monthsSep-26-2010
12 monthsSep-25-2011
12 monthsSep-30-2012
LTM12 months
Jul-07-2013
Cash from Ops. to Curr. Liab. 0.5x 0.9x 0.8x 0.9x 0.9x 1.0x
Avg. Days Sales Out. 5.0 5.0 4.8 5.6 5.9 5.2
Avg. Days Inventory Out. 21.4 22.0 19.7 18.3 17.5 17.2
Avg. Days Payable Out. 14.1 12.9 12.5 12.4 11.8 10.5
Avg. Cash Conversion Cycle 12.3 14.1 12.0 11.4 11.5 11.9
Long Term Solvency
Total Debt/Equity 61.7% 36.2% 21.4% 0.6% 0.6% 0.7%
Total Debt/Capital 38.2% 26.6% 17.7% 0.6% 0.6% 0.7%
LT Debt/Equity 61.7% 36.2% 21.4% 0.6% 0.6% 0.7%
LT Debt/Capital 38.1% 26.6% 17.6% 0.6% 0.6% 0.7%
Total Liabilities/Total Assets 55.5% 46.1% 40.5% 30.3% 28.2% 29.8%
EBIT / Interest Exp. 7.5x 9.0x 13.6x 143.5x NM NM
EBITDA / Interest Exp. 14.4x 16.2x 22.0x 217.5x NM NM
(EBITDA-CAPEX) / Interest Exp. NM 7.7x 14.2x 123.5x NM NM
Total Debt/EBITDA 1.8x 1.2x 0.7x 0.0x 0.0x 0.0x
Net Debt/EBITDA 1.7x 0.5x 0.1x NM NM NM
Total Debt/(EBITDA-CAPEX) NM 2.6x 1.1x 0.0x 0.0x 0.0x
Net Debt/(EBITDA-CAPEX) NM 1.1x 0.1x NM NM NM
Altman Z Score 4.18 3.5 5.03 7.73 9.29 9.89
Growth Over Prior Year
Total Revenue 20.7% 1.0% 12.1% 12.2% 15.7% 15.3%
Gross Profit 17.9% 1.8% 13.8% 12.8% 17.5% 16.6%
EBITDA 5.8% 14.1% 21.6% 16.3% 26.3% 21.4%
EBITA (7.7%) 17.8% 34.9% 23.5% 34.9% 26.2%
EBIT (11.0%) 20.4% 36.4% 23.7% 35.4% 26.3%
Earnings from Cont. Ops. (37.3%) 28.2% 67.5% 39.4% 35.9% 26.6%
Net Income (37.3%) 28.2% 67.5% 39.4% 35.9% 26.6%
Normalized Net Income (22.5%) 21.4% 42.9% 32.3% 36.0% 26.4%
Diluted EPS before Extra (36.5%) 3.3% 69.3% 34.8% 30.6% 23.7%
Accounts Receivable 9.7% (9.3%) 27.3% 31.5% 12.1% 1.2%
Inventory 13.7% (5.1%) 4.1% 4.1% 11.1% 3.8%
Net PP&E 14.0% (0.1%) (0.6%) 5.9% 9.8% 10.0%
Total Assets 5.2% 11.9% 5.4% 7.7% 23.3% 6.0%
Tangible Book Value 10.9% 16.7% 82.8% 38.0% 36.1% 4.3%
Common Equity 3.2% 8.1% 45.8% 26.0% 27.1% 3.9%
Cash from Ops. (14.4%) 75.4% (0.4%) 29.0% 21.8% 13.0%
Capital Expenditures 0.9% (40.6%) (18.4%) 42.1% 25.0% 21.0%
Levered Free Cash Flow NM NM 122.2% 12.2% 16.8% 25.2%
Unlevered Free Cash Flow NM NM 102.4% 5.6% 16.0% 24.4%
Dividend per Share (16.7%) NA NA NA 40.0% 42.3%
Compound Annual Growth Rate Over Two Years
Total Revenue 19.1% 10.4% 6.4% 12.2% 14.0% 14.2%
Gross Profit 17.6% 9.5% 7.6% 13.3% 15.1% 15.4%
EBITDA 4.9% 9.9% 17.8% 18.9% 21.2% 21.3%
EBITA (5.5%) 4.3% 26.1% 29.1% 29.1% 27.2%
EBIT (7.3%) 3.5% 28.2% 29.9% 29.4% 27.5%
Earnings from Cont. Ops. (25.0%) (10.4%) 46.5% 52.8% 37.6% 29.3%
Net Income (25.0%) (10.4%) 46.5% 52.8% 37.6% 29.3%
Normalized Net Income (14.9%) (3.0%) 31.7% 37.5% 34.1% 28.6%
Diluted EPS before Extra (23.7%) (19.0%) 32.2% 51.1% 32.7% 25.4%
Accounts Receivable 18.5% (0.2%) 7.5% 29.4% 21.4% 7.3%
Inventory 26.8% 3.8% (0.6%) 4.1% 7.6% 5.8%
Net PP&E 24.0% 6.7% (0.4%) 2.6% 7.8% 8.7%
Total Assets 28.6% 8.5% 8.6% 6.5% 15.2% 14.5%
Tangible Book Value (21.8%) 13.8% 46.1% 58.8% 37.0% 19.8%
Common Equity 3.6% 5.6% 25.5% 35.6% 26.6% 15.3%
Cash from Ops. (14.0%) 22.5% 32.2% 13.3% 25.4% 18.3%
Capital Expenditures 24.8% (22.6%) (30.4%) 7.7% 33.3% 24.2%
Levered Free Cash Flow NM NM NM 57.9% 14.5% 14.6%
Unlevered Free Cash Flow NM NM NM 46.2% 10.7% 13.9%
Dividend per Share 0.0% NA NA NA NA 57.1%
Compound Annual Growth Rate Over Three Years
Total Revenue 19.2% 12.7% 11.0% 8.3% 13.4% 13.7%
Gross Profit 18.0% 12.0% 10.9% 9.3% 14.7% 14.8%
EBITDA 12.9% 7.9% 13.6% 17.3% 21.3% 20.5%
EBITA 7.3% 1.7% 13.6% 25.2% 31.0% 27.6%
EBIT 6.1% 1.1% 13.5% 26.6% 31.7% 27.9%
Earnings from Cont. Ops. (5.6%) (10.4%) 10.4% 44.1% 46.9% 34.1%
Net Income (5.6%) (10.4%) 10.4% 44.1% 46.9% 34.1%
Normalized Net Income 1.0% (4.2%) 10.4% 31.9% 37.0% 31.4%
Diluted EPS before Extra (6.2%) (15.6%) 3.6% 33.1% 43.9% 29.7%
Accounts Receivable 20.1% 8.4% 8.2% 14.9% 23.3% 13.9%
Inventory 23.3% 15.1% 3.9% 0.9% 6.4% 5.3%
Net PP&E 21.7% 15.4% 4.2% 1.7% 4.9% 7.2%
Total Assets 21.4% 22.8% 7.5% 8.3% 11.9% 11.5%
Tangible Book Value (14.6%) (10.6%) 33.3% 43.3% 50.8% 24.8%
Common Equity 3.3% 5.1% 17.6% 25.7% 32.7% 18.1%
Cash from Ops. (6.6%) 9.1% 14.3% 31.1% 16.1% 20.6%
Capital Expenditures 17.8% (2.6%) (21.2%) (11.7%) 13.2% 24.6%
Levered Free Cash Flow NM 46.2% NM NM 42.8% 17.4%
Unlevered Free Cash Flow NM 54.3% NM NM 35.4% 14.8%
Dividend per Share 8.5% NA NA (12.6%) NA NA
Compound Annual Growth Rate Over Five Years
Total Revenue 20.4% 15.8% 13.9% 12.5% 12.2% 10.2%
Gross Profit 20.2% 15.5% 13.7% 12.5% 12.6% 11.1%
EBITDA 14.3% 12.5% 14.8% 12.2% 16.6% 18.0%
EBITA 10.9% 9.0% 14.4% 11.9% 19.6% 23.9%
EBIT 10.4% 8.8% 14.4% 11.8% 19.6% 24.6%
Earnings from Cont. Ops. 3.0% 2.5% 12.5% 10.9% 20.6% 29.9%
Net Income 3.0% 2.5% 12.5% 10.9% 20.6% 29.9%
Normalized Net Income 8.4% 6.5% 12.3% 10.7% 19.3% 27.1%
Diluted EPS before Extra 0.7% (3.1%) 7.6% 6.5% 14.3% 22.6%
Accounts Receivable 20.2% 10.0% 14.9% 16.4% 13.3% 7.2%
Inventory 21.5% 15.2% 13.1% 10.6% 5.4% 4.3%
Net PP&E 20.6% 16.8% 12.3% 10.1% 5.6% 4.7%
Total Assets 22.4% 20.0% 16.1% 16.0% 10.5% 10.2%
Tangible Book Value 3.3% 2.0% 5.9% 12.5% 34.8% 32.7%
Common Equity 14.6% 11.4% 11.7% 16.3% 21.1% 20.3%
Cash from Ops. 3.4% 12.2% 7.3% 10.8% 18.6% 22.2%
Capital Expenditures 24.8% 3.4% (4.5%) 1.4% (2.8%) (1.3%)
Levered Free Cash Flow NM NM NM 50.8% NM NM
Unlevered Free Cash Flow NM NM NM 51.0% NM NM
Dividend per Share NA NA NA (7.8%) (4.9%) (1.0%)
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Supplemental
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default)
Supplemental
Currency USD USD USD USD USD
Options Outstanding
Options Out. at the Beginning of the Period 34.4 34.9 36.6 37.9 27.3
Options Granted During the Period 4.5 5.4 6.3 6.4 7.2
Options Exercised During the Period 1.9 0.1 3.2 13.6 13.7
Options Cancelled During the Period 2.1 3.5 1.8 3.5 0.9
Options Out. at the End of the Period 34.9 36.6 37.9 27.3 20.0
W/Avg. Strike Price of Out. at the End of the Period $24.32 $22.62 $23.0 $24.5 $30.17
W/Avg. Strike Price of Granted $13.8 $9.37 $20.39 $31.25 $44.23
Options Outstanding - All Classes
Options Out. at the Beginning of the Period 34.4 34.9 36.6 37.9 27.3
Options Granted During the Period 4.5 5.4 6.3 6.4 7.2
Options Exercised During the Period 1.9 0.1 3.2 13.6 13.7
Options Cancelled During the Period 2.1 3.5 1.8 3.5 0.9
Options Out. at the End of the Period 34.9 36.6 37.9 27.3 20.0
Stock Based Compensation
Restr. Stock Comp. Exp., Before Tax - - 4.2 0.2 0.1
Stock Options Comp. Exp., Before Tax 10.5 13.3 18.7 27.0 42.2
Stock Options Comp. Exp. Tax Effect (4.8) - - - -
Stock Options Comp. Exp., After Tax 5.7 - - - -
Stock Based Comp. Exp., Before Tax 10.5 12.8 22.9 27.3 42.3
Stock Based Comp. Exp. Tax Effect (4.8) (5.2) (9.2) (10.1) (15.8)
Stock Based Comp. Exp., After Tax 5.7 7.6 13.7 17.2 26.5
Loss Carry Forward Related Items
For the Fiscal Period Ending 12 monthsSep-28-2008
12 monthsSep-27-2009
12 monthsSep-26-2010
12 monthsSep-25-2011
12 monthsSep-30-2012
NOL C/F, No Expiration 18.6 18.6 58.5 62.4 78.2
Total NOL C/F 18.6 18.6 58.5 62.4 78.2
Tax Benefit C/F, After Five Years 0.1 0.1 0.1 0.0 0.0
Total Tax Benefit C/F 0.1 0.1 0.1 0.0 0.0
Adoption of FIN 48 Related Items
Impact on Long Term Assets 7.2 - - - -
Impact on Current Liabilities 8.5 - - - -
Impact on Retained Earnings (1.3) - - - -
Unrecognized Tax Benefits - Beginning of Period - - - 10.7 6.4
Decrease in Unrecog. Tax Benefits - Prior Yrs. - - - 0 (2.4)
Settlements with Tax Authorities - - - (4.3) -
Unrecognized Tax Benefits - End of Period - - - 6.4 4.0
Interest and Penalties Recog. on IS - Before Tax - - - - 0.5
Interest and Penalties Recog. on BS - Before Tax - - - 3.4 2.1
Unrecog. Tax Benefit Impacting Effective Tax Rate - - - - 4.0
Capitalized Interest Data
Interest Capitalized 6.0 5.2 3.8 2.6 0.5
Fair Value Measurements
Level 1 Assets - Quoted Prices - 509.4 93.6 59.2 15.8
Level 2 Assets - Observable Prices - - 444.6 511.9 1,360.5
Fair Value of Assets - 509.4 538.2 571.1 1,376.3
Level 2 Liabilities - Observable Prices - 20.6 - - -
Fair Value of Liabilities - 20.6 - - -
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Industry Specific
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default)
Industry Specific
Currency USD USD USD USD USD
Retail Specific Data
Stores at Beginning 276 275 284 299 311
Stores Opened 20 15 16 18 25
Stores Acquired - - 2 - -
Stores Closed 21 6 1 6 1
Stores Sold - - 2 - -
Total Stores 275 284 299 311 335
Avg Weekly Sales per Store $570,000 $549,000 $588,000 $636,000 $682,000
Total Same Store Sales Growth 4.9% (3.1%) 7.1% 8.5% 8.7%
Gross Margin 34.0% 34.3% 34.8% 35.0% 35.5%
Operating Margin 3.0% 3.5% 4.9% 5.4% 6.4%
Retail Revenues 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8
Total Retail Sq. Ft. (Gross) 9,895,000 10,566,000 11,231,000 11,832,000 12,735,000
Avg. Retail Sq. Ft. (Gross) 36,000 37,000 38,000 38,000 38,000
Owned / Operated Store Data
Owned/Operated Stores at Beginning 276 275 284 299 311
Owned/Operated Stores Opened 20 15 16 18 25
Owned/Operated Stores Acquired - - 2 - -
Owned/Operated Stores Closed 21 6 1 6 1
Owned/Operated Stores Sold - - 2 - -
Total Owned/Operated Stores 275 284 299 311 335
For the Fiscal Period Ending 12 monthsSep-28-2008
12 monthsSep-27-2009
12 monthsSep-26-2010
12 monthsSep-25-2011
12 monthsSep-30-2012
Avg. Weekly Sales per Owned/Operated Store $570,000 $549,000 $588,000 $636,000 $682,000
Owned/Operated Same Store Sales Growth 4.9% (3.1%) 7.1% 8.5% 8.7%
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Pension/OPEB
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Currency: Reported Currency Conversion: Today's Spot Rate
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default)
Pension/OPEB
Currency USD USD USD USD USD
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Contribution Plan Cost 3.0 3.7 4.2 4.7 5.0
Total Pension Expense 3.0 3.7 4.2 4.7 5.0
For the Fiscal Period Ending 12 monthsSep-28-2008
12 monthsSep-27-2009
12 monthsSep-26-2010
12 monthsSep-25-2011
12 monthsSep-30-2012
Whole Foods Market, Inc. (NasdaqGS:WFM) > Financials > Segments
In Millions of the reported currency. View By: Line Items Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Today's Spot Rate
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Business Segments
Currency USD USD USD USD USD
Revenues
Natural and Organic Foods Supermarkets 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8
Total Revenues 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8
Gross Profit Before Tax
Natural and Organic Foods Supermarkets 2,706.7 2,755.1 3,136.3 3,536.5 4,155.8
Total Gross Profit Before Tax 2,706.7 2,755.1 3,136.3 3,536.5 4,155.8
Operating Profit Before Tax
Natural and Organic Foods Supermarkets 236.2 284.3 438.0 547.6 743.5
Total Operating Profit Before Tax 236.2 284.3 438.0 547.6 743.5
Interest Expense
Natural and Organic Foods Supermarkets (36.4) (36.9) (33.0) (3.9) (0.4)
Total Interest Expense (36.4) (36.9) (33.0) (3.9) (0.4)
Net Profit Before Tax
Natural and Organic Foods Supermarkets 206.5 250.9 411.8 551.7 752.0
Total Net Profit Before Tax 206.5 250.9 411.8 551.7 752.0
Tax Expense
Natural and Organic Foods Supermarkets 92.0 104.1 165.9 209.1 286.5
Total Tax Expense 92.0 104.1 165.9 209.1 286.5
Net Profit After Tax
For the Fiscal Period EndingReclassified
12 monthsSep-28-2008
Reclassified12 months
Sep-27-2009
Reclassified12 months
Sep-26-201012 months
Sep-25-201112 months
Sep-30-2012
Natural and Organic Foods Supermarkets 114.5 146.8 245.8 342.6 465.6
Total Net Profit After Tax 114.5 146.8 245.8 342.6 465.6
Assets
Natural and Organic Foods Supermarkets 3,380.7 3,783.4 3,986.5 4,292.1 5,294.2
Total Assets 3,380.7 3,783.4 3,986.5 4,292.1 5,294.2
Depreciation & Amortization
Natural and Organic Foods Supermarkets 249.2 266.7 275.6 287.1 311.6
Total Depreciation & Amortization 249.2 266.7 275.6 287.1 311.6
Capital Expenditure
Natural and Organic Foods Supermarkets (529.5) (316.2) (256.8) (365.0) (456.2)
Total Capital Expenditure (529.5) (316.2) (256.8) (365.0) (456.2)
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012
Geographic Segments
Currency USD USD USD USD USD
Revenues
United States 7,675.5 7,806.7 8,735.6 9,794.4 11,324.5
Canada and United Kingdom 278.4 224.9 270.2 313.3 374.4
Total Revenues 7,953.9 8,031.6 9,005.8 10,107.8 11,698.8
Assets
United States - - - - 2,152.0
Canada and United Kingdom - - - - 108.0
Total Assets - - - - 2,260.0
Filing Date Nov-24-2010 Nov-23-2011 Nov-21-2012 Nov-21-2012 Nov-21-2012
For the Fiscal Period EndingReclassified
12 monthsSep-28-2008
Reclassified12 months
Sep-27-2009
Reclassified12 months
Sep-26-201012 months
Sep-25-201112 months
Sep-30-2012
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Trading Multiples
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name TEV/EBITDA LTM - Latest TEV/EBIT LTM - Latest
Family Dollar Stores Inc. (NYSE:FDO) 0.8x 9.3x 12.5x 19.3x
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) 0.5x 7.3x 12.9x 21.5x
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) 0.4x 7.0x 12.4x 35.2x
Safeway Inc. (NYSE:SWY) 0.3x 5.1x 10.0x 10.3x
The Fresh Market, Inc. (NasdaqGS:TFM) 1.7x 15.0x 21.7x 34.3x
The Kroger Co. (NYSE:KR) 0.3x 6.0x 9.5x 12.9x
Whole Foods Market, Inc. (NasdaqGS:WFM) 1.5x 15.7x 21.7x 37.1x
Summary Statistics TEV/EBITDA LTM - Latest TEV/EBIT LTM - Latest
High 1.7x 15.0x 21.7x 35.2x
Low 0.3x 5.1x 9.5x 10.3x
Mean 0.7x 8.3x 13.2x 22.3x
Median 0.5x 7.2x 12.4x 20.4x
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
TEV/Total Revenues LTM - Latest
P/Diluted EPS Before Extra LTM - Latest
TEV/Total Revenues LTM - Latest
P/Diluted EPS Before Extra LTM - Latest
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Trading Multiples
P/TangBV LTM - Latest
5.3x 0.79x 8.8x 17.30x
2.3x 0.49x 6.6x 19.40x
1.5x 0.39x 6.7x 11.93x
2.2x 0.30x 6.8x 18.46x
9.8x 1.42x 12.2x 28.67x
5.7x 0.27x 6.2x 13.07x
6.6x 1.33x 13.8x 32.43x
P/TangBV LTM - Latest
9.8x 1.42x 12.2x 28.67x
1.5x 0.27x 6.2x 11.93x
4.5x 0.61x 7.9x 18.14x
3.8x 0.44x 6.8x 17.88x
NTM TEV/Forward Total Revenue (Capital IQ)
NTM TEV/Forward EBITDA (Capital IQ)
NTM Forward P/E (Capital IQ)
NTM TEV/Forward Total Revenue (Capital IQ)
NTM TEV/Forward EBITDA (Capital IQ)
NTM Forward P/E (Capital IQ)
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Operating Statistics
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name LTM Gross Margin % LTM EBITDA Margin % LTM EBIT Margin % LTM Net Income Margin %
Family Dollar Stores Inc. (NYSE:FDO) 34.0% 9.0% 6.8% 4.12%
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) 30.0% 7.2% 4.0% 2.35%
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) 22.1% 5.8% 3.3% 0.49%
Safeway Inc. (NYSE:SWY) 27.7% 5.1% 2.5% 1.20%
The Fresh Market, Inc. (NasdaqGS:TFM) 34.2% 11.3% 7.8% 4.90%
The Kroger Co. (NYSE:KR) 21.1% 4.6% 2.9% 1.57%
Whole Foods Market, Inc. (NasdaqGS:WFM) 35.8% 9.4% 6.8% 4.22%
Summary Statistics LTM Gross Margin % LTM EBITDA Margin % LTM EBIT Margin % LTM Net Income Margin %
High 34.2% 11.3% 7.8% 4.90%
Low 21.1% 4.6% 2.5% 0.49%
Mean 28.2% 7.2% 4.6% 2.44%
Median 28.8% 6.5% 3.7% 1.96%
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Operating Statistics
LTM EBITDA, 1 Yr Growth % LTM EBIT, 1 Yr Growth % LTM Total Debt/Capital % LTM Total Debt/EBITDA
12.66% 6.46% 3.43% 0.27% 32.59% 0.8x
3.66% 7.00% 5.68% 115.62% 16.60% 0.6x
4.18% 5.93% 5.06% (54.99%) 70.10% 4.3x
7.49% 10.26% 19.37% (2.42%) 64.00% 2.6x
15.63% 15.32% 12.68% 15.47% 15.78% 0.3x
6.25% 52.70% 116.01% 152.71% 63.36% 1.8x
15.35% 21.36% 26.28% 26.63% 0.71% 0.0x
LTM EBITDA, 1 Yr Growth % LTM EBIT, 1 Yr Growth % LTM Total Debt/Capital % LTM Total Debt/EBITDA
15.63% 52.70% 116.01% 152.71% 70.10% 4.3x
3.66% 5.93% 3.43% (54.99%) 15.78% 0.3x
8.31% 16.28% 27.04% 37.77% 43.74% 1.7x
6.87% 8.63% 9.18% 7.87% 47.97% 1.3x
LTM Total Revenues, 1 Yr Growth %
LTM Net Income, 1 Yr Growth %
LTM Total Revenues, 1 Yr Growth %
LTM Net Income, 1 Yr Growth %
5 Year Beta
12.02% 0.12
12.00% 0.79
15.50% 1.09
14.33% 0.72
20.07% 0.38
9.10% 0.47
18.96% 1.07
5 Year Beta
20.07% 1.09
9.10% 0.12
13.84% 0.59
13.17% 0.6
NTM LT EPS Growth Rate (Capital IQ)
NTM LT EPS Growth Rate (Capital IQ)
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Business Description
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name Business Description Headquarters
Family Dollar Stores Inc. (NYSE:FDO)
Harris Teeter Supermarkets, Inc. (NYSE:HTSI)
Ingles Markets, Incorporated (NasdaqGS:IMKT.A)
Safeway Inc. (NYSE:SWY)
The Fresh Market, Inc. (NasdaqGS:TFM)
The Kroger Co. (NYSE:KR)
Whole Foods Market, Inc. (NasdaqGS:WFM)
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the United
10401 Monroe Road, Matthews, North Carolina, 28105, United StatesHarris Teeter Supermarkets, Inc.,
through its subsidiaries, engages in the operation of a regional chain of supermarkets primarily in the
701 Crestdale Road, Matthews, North Carolina, 28105, United StatesIngles Markets, Incorporated operates
a supermarket chain in the southeast United States. The company’s supermarkets offer food products,
2913 U.S. Highway 70 West, Black Mountain, North Carolina, 28711-9103, United States
Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. Its stores offers a selection of food and
5918 Stoneridge Mall Road, Pleasanton, California, 94588-3229, United States
The Fresh Market, Inc. operates as a specialty grocery retailer in the United States. The company offers various perishable product categories,
628 Green Valley Road, Suite 500, Greensboro, North Carolina, 27408, United States
The Kroger Co., together with its subsidiaries, operates as a retailer in the United States. The company also manufactures and processes food for
1014 Vine Street, Cincinnati, Ohio, 45202, United States
Whole Foods Market, Inc. owns and operates a chain of natural and organic foods supermarkets. The company offers produce, grocery, meat and
550 Bowie Street, Austin, Texas, 78703-4644, United States
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Business Description
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Implied Valuation
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name Total Revenue EBITDA EBIT Revenue (Capital IQ)
12,851.8 1,212.2 878.6 14,372.55
Edit Values Total Enterprise Value Multiples
TEV/Total Revenues TEV/EBITDA TEV/EBIT TEV/Forward Total Revenue
High 1.7x 15.0x 21.7x 1.42x
Low 0.3x 5.1x 9.5x 0.27x
Mean 0.7x 8.3x 13.2x 0.61x
Median 0.5x 7.2x 12.4x 0.44x
Implied Enterprise Value
High 21,788.0 18,133.9 19,042.1 20,474.28
Low 3,329.8 6,148.9 8,349.9 3,910.13
Mean 8,583.1 10,036.0 11,565.6 8,790.87
Median 5,978.7 8,671.9 10,922.1 6,316.58
+ Total Cash & ST Investments 989.0 989.0 989.0 989.0
- Total Debt 27.0 27.0 27.0 27.0
- Total Pref. Equity - - - -
- Minority Interest - - - -
= Implied Equity Value
High 22,750.0 19,095.9 20,004.1 21,436.28
Low 4,291.8 7,110.9 9,311.9 4,872.13
Mean 9,545.1 10,998.0 12,527.6 9,752.87
Median 6,940.7 9,633.9 11,884.1 7,278.58
/ Shares Outstanding 372.51 372.51 372.51 372.51
Whole Foods Market, Inc. (NasdaqGS:WFM)
= Implied Price per Share
High 61.1 51.3 53.7 57.55
Low 11.5 19.1 25.0 13.08
Mean 25.6 29.5 33.6 26.18
Median 18.6 25.9 31.9 19.54
Mean Equity Value Across Multiples Equity Value Price Per Share
High 21,000.77 56.38
Low 6,604.03 17.73
Mean 11,458.72 30.76
Median 9,975.63 26.78
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Implied Valuation
EBITDA (Capital IQ) Basic EPS EPS (Capital IQ) Tangible Book Value/Share
1,380.1 1.46 1.66 8.17
Pricing Multiples
TEV/Forward EBITDA P/Diluted EPS Before Extra Forward P/E P/TangBV
12.2x 35.2x 28.67x 9.8x
6.2x 10.3x 11.93x 1.5x
7.9x 22.3x 18.14x 4.5x
6.8x 20.4x 17.88x 3.8x
16,857.74
8,591.79
10,872.34
9,315.82
989.0
27.0
-
-
17,819.74 19,221.68 17,720.7 29,957.72
9,553.79 5,642.34 7,376.66 4,672.72
11,834.34 12,144.14 11,212.66 13,655.02
10,277.82 11,136.3 11,052.47 11,601.25
372.51 372.51 372.51 372.51
47.84 51.6 47.57 80.42
25.65 15.15 19.8 12.54
31.77 32.6 30.1 36.66
27.59 29.9 29.67 31.14
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Valuation Chart
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Valuation Chart
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Credit Health Panel
Details
Template: Capital IQ Default Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name Overall Operational Solvency Liquidity LTM Period Ending
The Fresh Market, Inc. (NasdaqGS:TFM) 2 2 2 3 Jul-28-2013
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) 2 4 2 2 Jul-02-2013
Family Dollar Stores Inc. (NYSE:FDO) 3 1 3 3 Jun-01-2013
Safeway Inc. (NYSE:SWY) 3 3 4 4 Jun-15-2013
The Kroger Co. (NYSE:KR) 4 2 3 4 May-25-2013
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) 4 4 4 2 Jun-29-2013
Whole Foods Market, Inc. (NasdaqGS:WFM) 1 3 1 1 Jul-07-2013
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Credit Health Panel metric values are calculated by converting all currencies to USD based on yesterday’s spot rate. Currencies displayed on the page are converted at today’s spot rate from yesterday’s USD value.
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Credit Health Panel
Financials Updated Country GICS Classification
Aug-30-2013 United States Food Retail
Aug-12-2013 United States Food Retail
Jul-13-2013 United States General Merchandise Stores
Jul-26-2013 United States Food Retail
Jun-30-2013 United States Food Retail
Aug-09-2013 United States Food Retail
Aug-11-2013 United States Food Retail
Credit Health Panel metric values are calculated by converting all currencies to USD based on yesterday’s spot rate. Currencies displayed on the page are converted at today’s spot rate from yesterday’s USD value.
Company Comparable Analysis > My Whole Foods Market, Inc. Quick Comp > Credit Health Panel > Disclaimer
Copyright © 2013 by Standard & Poor’s Financial Services LLC. All rights reserved.
No content (including ratings, credit-related analyses and data, valuations, model, software or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.
Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact. S&P’s opinions, analyses and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. S&P does not act as a fiduciary or an investment advisor except where registered as such. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives.
To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.
S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.
S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P’s public ratings and analyses are made available on its Web sites, www.standardandpoors.com (free of charge), and www.ratingsdirect.com and www.globalcreditportal.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.
You are using a functionality that permits you to export content from the S&P Capital IQ Platform. You are permitted to provide limited excerpts of information from this export to others provided you: (1) do so solely in the ordinary course of your internal business; (2) do not provide S&P Capital IQ information in any manner that may obviate the need for the individuals who receive such excerpts to obtain their own S&P Capital IQ Platform password/license; and, (3) provide S&P with appropriate attribution and a disclaimer on S&P’s behalf.
To reprint, translate, or use the data or information other than as provided herein, contact Client Services, 55 Water Street, New York, NY 10041; (1) 877-773-4732 or by e-mail to: [email protected].
Standard & Poor’s, S&P, and Credit Health Panel are registered trademarks of Standard & Poor’s Financial Services LLC. Capital IQ is a registered trademark of Capital IQ, Excel is a registered trademark of Microsoft.
Any Passwords/user IDs issued by S&P Capital IQ to users are single user dedicated and may ONLY be used by the individual to whom they have been assigned. No sharing of passwords/user IDs and no simultaneous access via the same password/user ID is permitted.
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Credit Health Panel
Details
Template: Domjen XOM RV Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name Country GICS Classification
Family Dollar Stores Inc. (NYSE:FDO) United States General Merchandise Stores
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) United States Food Retail
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) United States Food Retail
Safeway Inc. (NYSE:SWY) United States Food Retail
The Fresh Market, Inc. (NasdaqGS:TFM) United States Food Retail
The Kroger Co. (NYSE:KR) United States Food Retail
Whole Foods Market, Inc. (NasdaqGS:WFM) United States Food Retail
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Credit Health Panel metric values are calculated by converting all currencies to USD based on yesterday’s spot rate. Currencies displayed on the page are converted at today’s spot rate from yesterday’s USD value.
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Credit Health Panel
Credit Health Panel metric values are calculated by converting all currencies to USD based on yesterday’s spot rate. Currencies displayed on the page are converted at today’s spot rate from yesterday’s USD value.
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Tab 4
Details
Template: Domjen XOM RV Comps
Currency: US Dollar
As-Of Date: Sep-04-2013
Company Comp Set
Company Name LTM Total Revenue FY Cash And Equivalents FY Total Debt LTM Cost Of Revenues
Family Dollar Stores Inc. (NYSE:FDO) 10,253.3 92.33 547.5 6,767.31
Harris Teeter Supermarkets, Inc. (NYSE:HTSI) 4,658.8 212.21 238.7 3,262.52
Ingles Markets, Incorporated (NasdaqGS:IMKT.A) 3,775.1 4.68 835.2 2,939.35
Safeway Inc. (NYSE:SWY) 44,071.5 352.2 5,573.7 31,874.7
The Fresh Market, Inc. (NasdaqGS:TFM) 1,412.7 8.74 42.0 929.86
The Kroger Co. (NYSE:KR) 97,729.0 238.0 8,879.0 77,066.0
Whole Foods Market, Inc. (NasdaqGS:WFM) 12,851.8 89.02 24.1 8,257.05
Summary Statistics LTM Total Revenue FY Cash And Equivalents FY Total Debt LTM Cost Of Revenues
High 97,729.0 352.2 8,879.0 77,066.0
Low 1,412.7 4.68 42.0 929.86
Mean 26,983.4 151.36 2,686.0 20,473.29
Median 7,456.1 152.27 691.3 5,014.92
Displaying 7 Companies.
Excel Comp Set ID: IQ245789085
All values in millions, except per share data and ratios.
Values converted at today's spot rate.
Historical Equity Pricing Data supplied by
Whole Foods Market, Inc. (NasdaqGS:WFM) > My Whole Foods Market, Inc. Quick Comp > Quick Comparable Analysis > Tab 4
LTM Gross Profit LTM Basic EPS FY Common Stock
3,486.0 - 3.65 11.91 ( 102.98) 19.3x
1,396.3 - 2.24 111.35 ( 29.2) 21.5x
835.8 - 0.76 1.21 ( 15.33) 35.2x
12,196.8 - 2.21 6.1 ( 167.9) 10.3x
482.9 - 1.44 0.48 - 34.3x
20,663.0 - 2.92 959.0 ( 280.0) 12.9x
4,594.8 - 1.46 2,592.37 ( 125.51) 37.1x
LTM Gross Profit LTM Basic EPS FY Common Stock
20,663.0 - 3.65 959.0 ( 15.33) 35.2x
482.9 - 0.76 0.48 ( 280.0) 10.3x
6,510.1 - 2.2 181.68 ( 119.08) 22.3x
2,441.1 - 2.22 9.01 ( 102.98) 20.4x
LTM Exploration/Drilling Costs
LTM Common Dividends Paid
P/Diluted EPS Before Extra LTM - Latest
LTM Exploration/Drilling Costs
LTM Common Dividends Paid
P/Diluted EPS Before Extra LTM - Latest
19.5x 29.8%
22.5x 10.5%
16.0x 4.4%
11.5x 20.6%
35.1x 34.4%
13.2x 35.2%
36.2x 14.6%
35.1x 35.2%
11.5x 4.4%
19.6x 22.5%
17.7x 25.2%
P/Normalized EPS LTM - Latest
LTM Return on Common Equity %
P/Normalized EPS LTM - Latest
LTM Return on Common Equity %