Casey's General (CASY) AI Stock Analysis

• Market Cap: $23.74B
• Dividend Yield: 0.39%
• Average Volume (3M): 298.21K
• Price to Earnings (P/E): 39.4
• Beta (1Y): 0.53
• Revenue Growth: 13.33%
• EPS Growth: 13.33%
• Country: US
• Employees: 20,935
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 5.53
• Shares Outstanding: 37,066,933
• 10 Day Avg. Volume: 323,835
• 30 Day Avg. Volume: 298,208
• PEG Ratio: 3.51
• Price to Book (P/B): 4.89
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 29.37
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 1.27
• Enterprise Value/Gross Profit: 5.44
• Enterprise Value/Ebitda: 16.21
• 1Y Price Target: $613.40
• Price Target Upside: -4.22% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 17.25
• Revenue Forecast (FY): $17.29B

• Rating: 68 Neutral
• Price Target: $695.00 ▲(8.52% Upside)

Casey's General Stores demonstrates strong financial performance and positive earnings call sentiment, which are the most significant factors in its overall score. However, technical analysis indicates a bearish trend, and valuation metrics suggest the stock may be overvalued, which weigh down the overall score.

Positive Factors

Revenue Growth

Consistent growth in inside same-store sales indicates strong customer demand and effective sales strategies, supporting long-term revenue expansion.

Market Expansion

Expanding store footprint enhances market presence and revenue potential, aligning with strategic growth objectives and increasing customer reach.

Financial Guidance

Strong EBITDA growth guidance reflects operational efficiency and strategic initiatives, indicating robust financial health and future profitability.

Negative Factors

Rising Operating Expenses

Increasing operating expenses could pressure margins and profitability, challenging cost management efforts and impacting long-term financial performance.

Interest Expense Rise

Higher interest expenses reduce net income and cash flow, potentially limiting financial flexibility and affecting future investment capabilities.

Impact of Cefco Stores

Lower margins from Cefco stores can dilute overall profitability, challenging margin improvement efforts and impacting financial outcomes.

Casey's General Business Overview & Revenue Model

Company Description

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items. The company's stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores that sells tobacco and nicotine products; one liquor store; and one grocery store. As of April 30, 2022, it operated 2,452 convenience stores. Casey's General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.

How the Company Makes Money

Casey's generates revenue through several key streams: fuel sales, grocery and convenience store items, and prepared food services. Fuel sales account for a significant portion of the company's revenue, as they operate gas stations alongside their convenience stores. In addition to fuel, the company earns money from the sale of grocery items, beverages, snacks, and household essentials. However, a notable revenue driver is Casey's prepared food segment, particularly its pizza sales, which have been a focal point of its marketing strategy. The company's commitment to fresh, made-to-order food enhances customer loyalty and increases foot traffic. Casey's also benefits from strategic partnerships with suppliers and distributors, which can lead to favorable pricing and promotions, further enhancing its profitability. Additionally, the company's focus on expanding its store footprint and enhancing its digital ordering capabilities through mobile apps and delivery services contributes to its revenue growth.

Casey's General Financial Statement Overview

Summary

Casey's General exhibits strong financial health with consistent revenue growth, solid profit margins, and effective cash flow management. The company maintains a balanced leverage position, though increasing debt levels warrant attention. Continued focus on sustaining revenue growth and managing debt will be crucial for long-term stability.

Income Statement

Casey's General has shown consistent revenue growth with a 2.94% increase in the TTM period. The gross profit margin is healthy at 23.54%, and the net profit margin is stable at 3.43%. The EBIT and EBITDA margins are also solid at 4.99% and 7.53%, respectively, indicating strong operational efficiency. However, the revenue growth rate has slowed compared to previous years, which could be a concern if the trend continues.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio of 0.84, suggesting a balanced approach to leveraging. Return on equity is strong at 16.28%, reflecting effective use of shareholder funds. However, the equity ratio is not provided, which limits a full assessment of financial stability. The increase in total debt over the years is a point to monitor for potential risk.

Cash Flow

Casey's General has demonstrated robust cash flow management with a 13.95% growth in free cash flow in the TTM period. The operating cash flow to net income ratio is nearly 1, indicating efficient conversion of income to cash. The free cash flow to net income ratio is healthy at 53.59%, supporting the company's ability to fund operations and growth. However, fluctuations in free cash flow growth in previous years suggest potential volatility.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.94B	14.86B	15.09B	12.95B	8.71B
Gross Profit	3.75B	3.35B	3.07B	2.76B	2.36B
EBITDA	1.20B	1.06B	952.46M	801.24M	719.24M
Net Income	546.52M	501.97M	446.69M	339.79M	312.90M
Balance Sheet
Total Assets	8.44B	6.35B	5.94B	5.51B	4.46B
Cash, Cash Equivalents and Short-Term Investments	326.66M	206.48M	378.87M	158.88M	336.55M
Total Debt	2.96B	1.64B	1.67B	1.69B	1.36B
Total Liabilities	4.93B	3.33B	3.28B	3.26B	2.53B
Stockholders Equity	3.51B	3.02B	2.66B	2.24B	1.93B
Cash Flow
Free Cash Flow	584.63M	370.95M	405.38M	462.27M	362.84M
Operating Cash Flow	1.09B	892.95M	881.95M	788.74M	804.09M
Investing Cash Flow	-1.73B	-825.36M	-545.03M	-1.16B	-444.34M
Financing Cash Flow	755.99M	-239.98M	-116.93M	191.59M	-101.48M

Casey's General Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 640.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CASY, the sentiment is Positive. The current price of 640.41 is above the 20-day moving average (MA) of 580.19, above the 50-day MA of 561.80, and above the 200-day MA of 516.19, indicating a bullish trend. The MACD of 18.61 indicates Negative momentum. The RSI at 79.87 is Negative, neither overbought nor oversold. The STOCH value of 95.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CASY.

Casey's General Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSCO	73 Outperform	$26.95B	24.62	45.46%	1.80%	4.26%	0.73%
DKS	71 Outperform	$19.37B	17.31	23.79%	2.33%	10.86%	-11.63%
GPC	69 Neutral	$19.05B	23.59	17.05%	3.33%	3.26%	-25.41%
CASY	68 Neutral	$23.74B	39.39	16.99%	0.39%	13.33%	13.33%
MUSA	68 Neutral	$8.27B	18.61	68.48%	0.53%	-6.08%	-2.40%
BBY	62 Neutral	$14.20B	22.37	22.49%	5.46%	-0.95%	-48.28%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%