Amcon Distributing Co

Consumer Discretionary
Food Distributors
www.amcon.com

Earnings Score
Moat Score
Safety Score

Market Cap $83.26M
PE 19
Debt $26.97M
Cash $672.79K
EV $109.55M
FCF $47.44M

Earnings

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Sales & Net Margins

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Earnings	$4.34M
EBIT	$17.98M
ROE	4%
ROA	5%
FCF	$47.44M
Equity	$111.73M
Growth Stability	30%
PE	19.2
PEG	0.83
PB	0.75
P/FCF	1.75
P/S	0.03
Price/Cash	0.01
Debt/Equity	0.24
Debt/FCF	0.57
Net Margins	0%
Gross Margins	7%
Op. Margins	1%
Earnings CAGR	15%
Sales Growth YoY	8%
Sales Growth QoQ	4%
Sales CAGR	10%
FCF CAGR	3%
Equity CAGR	6%
Earnings Stability	0.29
Earnings Growth YoY	-58%
Earnings Growth QoQ	-17%
Earnings CAGR 5Y	23%

Sales CAGR 5Y	17%
FCF CAGR 5Y	22%
Equity CAGR 5Y	15%
Earnings CAGR 3Y	21%
Sales CAGR 3Y	21%
FCF CAGR 3Y	114%
Equity CAGR 3Y	12%
Market Cap	$83.26M
Revenue	$2.71B
Dividend Yield	1%
Payout Ratio	15%
Assets	$374.11M
Total Debt	$26.97M
Cash	$672.79K
Shares Outstanding	598.96K
EV	109.55M
Earnings Score	17%
Moat Score	46%
Safety Score	68%
Final Score	44%
Working Capital	135.83M
Current Ratio	2.46
Gross Profit	$182.35M
Shares Growth 3y	3%
Equity Growth QoQ	2%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Amcon Distributing Co is engaged in the wholesale and retail distribution of consumer products such as cigarettes, tobacco, confectionery, health food, and others. It operates in two segments: Wholesale distribution segment distributing consumer products to the retail outlets including convenience stores, grocery stores, liquor stores, drug stores, and tobacco shops in the Central, Rocky Mountain, and Southern regions of the United States; and the Retail health food segment is a specialty retailer of natural/organic groceries and dietary supplements throughout the Midwest and Florida. The company earns a vast majority of the revenue from the Wholesale distribution segment.

SEC Filings

Direct access to Amcon Distributing Co (DIT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Amcon Distributing Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Amcon Distributing Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 15%

Stability 29%

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Amcon Distributing Co Discounted Cash Flow

Fully customizable DCF calculator online for Amcon Distributing Co.

Years

Calculation mode

= $585M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$47M	$49M	$50M	$52M	$54M	$55M	$57M	$59M	$60M	$62M	$64M	$642M
DCF		$44M	$42M	$39M	$37M	$34M	$32M	$30M	$28M	$26M	$25M	$247M
Value	$585M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	0%	0%	0%	0%	0%	0%	1%	1%	0%	0%	0%
ROA	-	10%	5%	4%	4%	5%	10%	8%	7%	5%	5%
ROE	-	9%	4%	6%	5%	9%	20%	18%	11%	4%	4%

Bad Net Margins (0.16%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	0.22	-0.21	4.9	-0.26	0.31	0.32	1.29	2.15	0.57	0.57
Debt over Equity	0.07	0.06	0.05	0.09	0.07	0.06	0.08	0.11	0.15	0.24	0.24
Growth Stability	-	-	-	73%	78%	100%	100%	100%	92%	30%	30%

Good Debt/FCF ratio (0.57)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.24)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (30%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	1%	-2%	4%	5%	9%	10%	20%	26%	7%	17%
Earnings YoY growth	-	-6%	-49%	23%	-11%	73%	180%	7%	-30%	-63%	23%
Equity YoY growth	-	7%	4%	-5%	-6%	7%	20%	20%	12%	7%	15%
FCF YoY growth	-	-569%	-197%	-107%	-1K%	-174%	63%	-57%	-12%	556%	22%