Casey's General Stores, Inc. (CASY)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Casey's is a U.S. convenience-store operator with a differentiated food offering: pizza, donuts, breakfast, and sandwiches. That is not a wide-moat franchise like a branded consumer staple, but regional density and prepared-food traffic give it a modest edge over ordinary convenience retail. The filed numbers show momentum. In fiscal Q1 2027, the quarter ended 2026-07-31, revenue was $5.7B and net income $273.7M, or $7.37 per diluted share. For FY2026, ended 2026-04-30, revenue was $17.6B and net income $714.4M, or $19.16 per diluted share, versus FY2025's $15.9B, $546.5M, and $14.64, and FY2024's $14.9B, $502.0M, and $13.43. That is real growth, and the Lynch classification as a STALWART, with 18.0% five-year profit growth and 15.1% revenue growth, fits. Financial health is respectable. FairStock calculations show ROE of 19.98%, debt-to-equity of 0.71, Altman Z-Score of 4.22, Piotroski F-Score of 7/9, and trailing free cash flow of $648.9M. Yet ROCE is only 7.91%, so capital intensity and leverage deserve attention. The trouble is price. At the 2026-10-13 close of $641.74, FairStock puts the P/E at 30.90 and P/B at 5.80. The Graham Number is $227.46, meaning margin of safety is -182.13%. FCF yield is 2.7% and EV/EBITDA is 16.78. PEG of 1.14 is not outrageous, but the stock already discounts continued steady growth. I would want a wider discount before calling it a bargain.

In plain English: Casey's runs convenience stores in the United States, selling snacks, drinks, tobacco, and prepared food like pizza. The business is growing sales and profits and looks financially solid. At the recent price, however, the shares look expensive compared with the company's earnings and net assets, so a lot of future growth already seems baked in.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-07-31) · fiscal Q3 2026 10-Q (period ended 2026-01-31) · fiscal Q2 2026 10-Q (period ended 2025-10-31) · fiscal Q1 2026 10-Q (period ended 2025-07-31) · FY2026 10-K (period ended 2026-04-30) · FY2025 10-K (period ended 2025-04-30) · FY2024 10-K (period ended 2024-04-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer