Natural Grocers by Vitamin Cottage Inc
Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters;… Read more
Natural Grocers by Vitamin Cottage Inc (NGVC) - Net Assets
Latest net assets as of December 2025: $220.01 Million USD
Based on the latest financial reports, Natural Grocers by Vitamin Cottage Inc (NGVC) has net assets worth $220.01 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($668.56 Million) and total liabilities ($448.55 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $220.01 Million |
| % of Total Assets | 32.91% |
| Annual Growth Rate | 20.91% |
| 5-Year Change | 48.81% |
| 10-Year Change | 67.6% |
| Growth Volatility | 87.27 |
Natural Grocers by Vitamin Cottage Inc - Net Assets Trend (2010–2025)
This chart illustrates how Natural Grocers by Vitamin Cottage Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Natural Grocers by Vitamin Cottage Inc (2010–2025)
The table below shows the annual net assets of Natural Grocers by Vitamin Cottage Inc from 2010 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $212.40 Million | +21.89% |
| 2024-09-30 | $174.25 Million | +2.00% |
| 2023-09-30 | $170.84 Million | +9.65% |
| 2022-09-30 | $155.81 Million | +9.16% |
| 2021-09-30 | $142.73 Million | -17.53% |
| 2020-09-30 | $173.07 Million | +10.30% |
| 2019-09-30 | $156.91 Million | +6.94% |
| 2018-09-30 | $146.73 Million | +9.59% |
| 2017-09-30 | $133.88 Million | +5.65% |
| 2016-09-30 | $126.72 Million | +9.73% |
| 2015-09-30 | $115.49 Million | +16.83% |
| 2014-09-30 | $98.85 Million | +16.94% |
| 2013-09-30 | $84.53 Million | +15.88% |
| 2012-09-30 | $72.95 Million | +358.02% |
| 2011-09-30 | $15.93 Million | +29.41% |
| 2010-09-30 | $12.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Natural Grocers by Vitamin Cottage Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1378.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $149.34 Million | 70.31% |
| Common Stock | $23.00K | 0.01% |
| Other Components | $63.03 Million | 29.68% |
| Total Equity | $212.40 Million | 100.00% |
Natural Grocers by Vitamin Cottage Inc Competitors by Market Cap
The table below lists competitors of Natural Grocers by Vitamin Cottage Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AngioDynamics Inc
NASDAQ:ANGO
|
$354.40 Million |
|
SanBio Company Limited
OTCGREY:SNBIF
|
$354.45 Million |
|
Hengxin Mobile Business
SHE:300081
|
$354.56 Million |
|
RWS Holdings plc
PINK:RWSPF
|
$354.56 Million |
|
Tremor International Ltd
PINK:TTTPF
|
$354.16 Million |
|
Intrum AB (publ)
PINK:ITJTY
|
$354.15 Million |
|
Depo Auto Parts Industrial Co Ltd
TW:6605
|
$354.04 Million |
|
Eurocrane China Co Ltd
SHG:603966
|
$353.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Natural Grocers by Vitamin Cottage Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 174,254,000 to 212,395,000, a change of 38,141,000 (21.9%).
- Net income of 46,444,000 contributed positively to equity growth.
- Dividend payments of 11,009,000 reduced retained earnings.
- Share repurchases of 1,254,000 reduced equity.
- Other factors increased equity by 3,960,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.44 Million | +21.87% |
| Dividends Paid | $11.01 Million | -5.18% |
| Share Repurchases | $1.25 Million | -0.59% |
| Other Changes | $3.96 Million | +1.86% |
| Total Change | $- | 21.89% |
Book Value vs Market Value Analysis
This analysis compares Natural Grocers by Vitamin Cottage Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.83x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 53.31x to 2.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-09-30 | $0.49 | $25.86 | x |
| 2011-09-30 | $0.64 | $25.86 | x |
| 2012-09-30 | $3.25 | $25.86 | x |
| 2013-09-30 | $3.77 | $25.86 | x |
| 2014-09-30 | $4.40 | $25.86 | x |
| 2015-09-30 | $5.13 | $25.86 | x |
| 2016-09-30 | $5.63 | $25.86 | x |
| 2017-09-30 | $5.96 | $25.86 | x |
| 2018-09-30 | $6.55 | $25.86 | x |
| 2019-09-30 | $6.96 | $25.86 | x |
| 2020-09-30 | $7.67 | $25.86 | x |
| 2021-09-30 | $6.28 | $25.86 | x |
| 2022-09-30 | $6.83 | $25.86 | x |
| 2023-09-30 | $7.48 | $25.86 | x |
| 2024-09-30 | $7.55 | $25.86 | x |
| 2025-09-30 | $9.13 | $25.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Natural Grocers by Vitamin Cottage Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.49%
- • Asset Turnover: 1.98x
- • Equity Multiplier: 3.16x
- Recent ROE (21.87%) is above the historical average (14.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 40.45% | 1.94% | 3.76x | 5.53x | $3.32 Million |
| 2011 | 24.33% | 1.32% | 3.35x | 5.48x | $2.06 Million |
| 2012 | 9.11% | 1.98% | 2.68x | 1.72x | $-646.12K |
| 2013 | 12.48% | 2.45% | 2.69x | 1.89x | $2.10 Million |
| 2014 | 13.63% | 2.59% | 2.76x | 1.91x | $3.59 Million |
| 2015 | 14.03% | 2.59% | 2.67x | 2.03x | $4.66 Million |
| 2016 | 9.05% | 1.63% | 2.50x | 2.23x | $-1.20 Million |
| 2017 | 5.15% | 0.90% | 2.56x | 2.24x | $-6.50 Million |
| 2018 | 8.63% | 1.49% | 2.76x | 2.09x | $-2.01 Million |
| 2019 | 6.00% | 1.04% | 2.76x | 2.08x | $-6.27 Million |
| 2020 | 11.56% | 1.93% | 1.52x | 3.94x | $2.70 Million |
| 2021 | 14.42% | 1.95% | 1.61x | 4.59x | $6.31 Million |
| 2022 | 13.71% | 1.96% | 1.64x | 4.26x | $5.78 Million |
| 2023 | 13.61% | 2.04% | 1.70x | 3.92x | $6.16 Million |
| 2024 | 19.47% | 2.73% | 1.89x | 3.76x | $16.51 Million |
| 2025 | 21.87% | 3.49% | 1.98x | 3.16x | $25.20 Million |
Industry Comparison
This section compares Natural Grocers by Vitamin Cottage Inc's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $14,173,591,586
- Average return on equity (ROE) among peers: 20.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Natural Grocers by Vitamin Cottage Inc (NGVC) | $220.01 Million | 40.45% | 2.04x | $354.38 Million |
| Albertsons Companies (ACI) | $2.28 Billion | 20.47% | 10.97x | $6.24 Billion |
| Koninklijke Ahold Delhaize NV (AHODF) | $16.28 Billion | 5.10% | 1.23x | $32.57 Billion |
| Sendas Distribuidora S.A. (ASAIY) | $2.77 Billion | 58.21% | 7.26x | $2.52 Billion |
| Bim Birlesik Magazalar (BMBRF) | $813.01 Million | 40.75% | 1.62x | $5.01 Billion |
| BMTHF (BMTHF) | $306.68 Million | 3.95% | 1.25x | $60.88 Million |
| Carrefour SA (CRERF) | $10.95 Billion | 11.59% | 3.76x | $8.90 Billion |
| CP ALL Public Company Limited (CVPBF) | $99.82 Billion | 20.97% | 2.74x | $9.06 Billion |
| Dairy Farm International Holdings Limited (DFILF) | $1.76 Billion | 22.92% | 2.11x | $3.57 Billion |
| Dino Polska S.A. (DNOPF) | $5.61 Billion | 25.07% | 0.85x | $11.25 Billion |
| Krispy Kreme Inc (DNUT) | $1.16 Billion | 0.27% | 1.64x | $317.96 Million |