Ingles Markets Inc (IMKTA) is slightly undervalued and Sprouts Farmers Market Inc (SFM) is slightly undervalued.
Against our estimates of intrinsic value, SFM trades at the wider discount: a margin of safety of +14%, against +7% for IMKTA.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $90.18; the price of $83.84 is 7% below that value, and 80% of that value comes from beyond year five.
Leak Score 37/100 on 8 of 12 signals
Discounting its cash flows at 7.9% (average of 3 methods) values the shares at $79.58; the price of $68.68 is 14% below that value, and 80% of that value comes from beyond year five.
Leak Score 81/100 on 3 of 12 signals
| Metric | IMKTA | SFM |
|---|---|---|
| Verdict | Slightly undervalued | Slightly undervalued |
| Price | $83.84 | $68.68 |
| Intrinsic value | $90.18 | $79.58 |
| Margin of safety | +7% | +14% |
| Leak Score | 37/100 (8/12) | 81/100 (3/12) |
| Market cap | $1.6B | $6.4B |
| Revenue growth, 5 years | 3.0% | 6.4% |
| Operating margin | 2.6% | 7.5% |
| Net margin | 1.9% | 5.6% |
| Return on equity | 6.3% | 35.2% |
| Debt to equity | 0.31 | 1.40 |
| P/E | 15.2x | 13.2x |
| Forward P/E | — | 11.5x |
| P/B | 0.9x | 4.3x |
| Dividend yield | 0.8% | — |