Casey's General Stores, Inc. (CASY) vs Ulta Beauty Inc. (ULTA)

Casey's General Stores, Inc. and Ulta Beauty Inc. are both Specialty Retail companies. Casey's General Stores, Inc. and Ulta Beauty Inc. are of similar size ($23.5B and $22.2B). Ulta Beauty Inc. trades at the lower P/E: 19.8× against 28.7×. Casey's General Stores, Inc. grew revenue faster over the last twelve months: 13.8% against 11.2%. Ulta Beauty Inc. has the higher net margin (9.34% vs 4.14%) and the higher return on invested capital (36.4% vs 11.4%). Across the 22 metrics below, Ulta Beauty Inc. leads on 17 and Casey's General Stores, Inc. on 5.

Valuation

Metric CASY ULTA Specialty Retail median
P/E 28.68 19.78 17.14
P/S 1.18 1.81 0.48
P/B 5.40 8.86 1.71
Price to free cash flow 32.67 20.37 13.04
EV/EBITDA 15.44 13.01 8.92
EV/Sales 1.29 1.94 0.64
Earnings yield 3.49% 5.06% 3.85%
Free cash flow yield 3.06% 4.91% 3.02%

Profitability

Metric CASY ULTA Specialty Retail median
Gross margin 23.82% 39.32% 37.89%
Operating margin 5.88% 12.46% 3.66%
Net margin 4.14% 9.34% 1.42%
Free cash flow margin 3.63% 8.87% 1.44%
Return on equity 19.98% 46.12% 2.58%
Return on assets 8.84% 17.80% 0.25%
Return on invested capital 11.43% 36.42% 0.00%

Growth

Metric CASY ULTA Specialty Retail median
Revenue growth (TTM) 13.78% 11.16% 3.35%
EPS growth (last fiscal year) 30.87% 1.18% —
Revenue growth, 5-year CAGR 6.28% 15.04% 3.70%
Net income growth, 5-year CAGR 16.03% 45.67% 0.00%

Health

Metric CASY ULTA Specialty Retail median
Debt to equity 0.59 0.13 0.27
Current ratio 1.02 1.35 1.35
Net debt to EBITDA 1.28 (0.24) 0.24

Dividend

Metric CASY ULTA Specialty Retail median
Dividend yield 0.62% — 1.73%
Payout ratio 0.13 0.00 0.00

Size

Metric CASY ULTA Specialty Retail median
Market cap 22.17b 23.46b 348.57m

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