Does J Sainsbury deserve to be a Super Stock?

The UK’s second-largest supermarket trades at a discount to book value and offers a 5% dividend.
Shares in J Sainsbury (LON:SBRY) have fallen by around 15% since the start of the year, but trading seems solid and Stockopedia’s algorithms rate this retailer as a Super Stock.

With full-year results due in April, I think it could be a good time to take a closer look at this business.
Summary
Pros:
Improved performance and market shareAsset-backed balance sheet, debt reducedGood cash generation supports 5% yieldCons:
This is a low-margin and highly-competitive sectorNo specific targets for improved profitabilityHas disappointed investors beforeProfile
About the stock
J Sainsbury is a supermarket chain operating across the UK. It’s classified in the Consumer Defensives sector, within the Food amp; Drug Retailing industry group.
Sainsbury’s floated on the London market in 1973 and is now a member of the FTSE 100, with a market cap of £5.9bn and a recent share price of 248p.

The StockRanks show high scores in all three factors for Sainsbury,...