Ingles Markets Incorporated Class A Common Stock (IMKTA)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

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

I look for a discount to intrinsic value and a balance sheet that can survive bad weather. Ingles is a regional grocery chain, a commodity business with thin margins. In fiscal Q3 2026, the quarter ended 2026-06-27, it earned $25.9 million on $1.4 billion of revenue. The filed annual results show deterioration: revenue fell from $5.9 billion in FY2023 to $5.6 billion in FY2024 and $5.3 billion in FY2025; net income dropped from $210.8 million to $105.5 million to $83.6 million. That is not a growth story. Still, the balance sheet looks respectable. Debt-to-equity is 0.31, Piotroski is 7/9, and Altman Z is 2.89. At the 2026-10-13 close of $85.33, FairStock calculates 0.96 times book and classifies it as an ASSET PLAY. The Graham Number is $104.48, offering an 18.33% margin of safety, while FCF yield is 8.5% and EV/EBITDA is 6.60. But FairStock’s calculated returns on capital are weak: ROE 6.34% and ROCE 3.35%. A grocery chain with low returns and declining profits needs to be cheap enough to compensate. The discount to book and asset-backed value are appealing, but the competitive position is limited and the trend is unfavourable. I would want evidence that the assets and operations are worth more than accounting book, and that cash flow can stabilize. At a calculated P/E of 15.60 and beta of 0.57, the market is not pricing much excitement. This is a cautious asset play, not a compounding machine.

In plain English: Ingles Markets runs a chain of supermarkets, along with fuel centers, pharmacies and a milk plant. The business is steady but low-margin, and filed annual results show sales and profits have slipped from their recent peaks. At the 2026-10-13 close, the stock trades below the accounting value of its net assets and looks modestly cheap compared with its cash flow, though falling profits are a clear weak spot.

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

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-27) · fiscal Q2 2026 10-Q (period ended 2026-03-28) · fiscal Q1 2026 10-Q (period ended 2025-12-27) · fiscal Q3 2025 10-Q (period ended 2025-06-28) · FY2025 10-K (period ended 2025-09-27) · FY2024 10-K (period ended 2024-09-28) · FY2023 10-K (period ended 2023-09-30)

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