BJ'S RESTAURANTS INC (BJRI) Stock Fundamental Analysis
NASDAQ:BJRI - Nasdaq - US09180C1062 - Common Stock - Currency: USD
Overall BJRI gets a fundamental rating of 4 out of 10. We evaluated BJRI against 133 industry peers in the Hotels, Restaurants & Leisure industry. The financial health of BJRI is average, but there are quite some concerns on its profitability. BJRI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BJRI had positive earnings in the past year.
BJRI had a positive operating cash flow in the past year.
In multiple years BJRI reported negative net income over the last 5 years.
In the past 5 years BJRI always reported a positive cash flow from operatings.
1.2 Ratios
BJRI's Return On Assets of 2.20% is in line compared to the rest of the industry. BJRI outperforms 49.62% of its industry peers.
BJRI has a better Return On Equity (6.04%) than 61.65% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.56%, BJRI is doing worse than 62.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 6.04% | ||
| ROIC | 3.56% |
ROA(3y)1.28%
ROA(5y)-0.39%
ROE(3y)3.69%
ROE(5y)-1.94%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 1.64%, BJRI perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
BJRI's Profit Margin has declined in the last couple of years.
The Operating Margin of BJRI (2.82%) is worse than 72.18% of its industry peers.
In the last couple of years the Operating Margin of BJRI has declined.
Looking at the Gross Margin, with a value of 37.97%, BJRI is doing worse than 66.17% of the companies in the same industry.
BJRI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.82% | ||
| PM (TTM) | 1.64% | ||
| GM | 37.97% |
OM growth 3YN/A
OM growth 5Y-10.42%
PM growth 3YN/A
PM growth 5Y-20.58%
GM growth 3Y0.99%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BJRI is destroying value.
Compared to 1 year ago, BJRI has less shares outstanding
BJRI has more shares outstanding than it did 5 years ago.
BJRI has a better debt/assets ratio than last year.
2.2 Solvency
BJRI has an Altman-Z score of 2.67. This is not the best score and indicates that BJRI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.67, BJRI is in the better half of the industry, outperforming 70.68% of the companies in the same industry.
The Debt to FCF ratio of BJRI is 7.09, which is on the high side as it means it would take BJRI, 7.09 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 7.09, BJRI is doing good in the industry, outperforming 72.93% of the companies in the same industry.
BJRI has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BJRI (0.23) is better than 76.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 7.09 | ||
| Altman-Z | 2.67 |
ROIC/WACC0.39
WACC9.05%
2.3 Liquidity
BJRI has a Current Ratio of 0.39. This is a bad value and indicates that BJRI is not financially healthy enough and could expect problems in meeting its short term obligations.
BJRI has a Current ratio of 0.39. This is amonst the worse of the industry: BJRI underperforms 82.71% of its industry peers.
BJRI has a Quick Ratio of 0.39. This is a bad value and indicates that BJRI is not financially healthy enough and could expect problems in meeting its short term obligations.
BJRI has a Quick ratio of 0.31. This is amonst the worse of the industry: BJRI underperforms 80.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
BJRI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 65.00%, which is quite impressive.
The Earnings Per Share has been decreasing by -6.78% on average over the past years.
The Revenue has been growing slightly by 2.91% in the past year.
Measured over the past years, BJRI shows a small growth in Revenue. The Revenue has been growing by 3.16% on average per year.
EPS 1Y (TTM)65%
EPS 3YN/A
EPS 5Y-6.78%
EPS Q2Q%84.37%
Revenue 1Y (TTM)2.91%
Revenue growth 3Y7.68%
Revenue growth 5Y3.16%
Sales Q2Q%3.15%
3.2 Future
Based on estimates for the next years, BJRI will show a very strong growth in Earnings Per Share. The EPS will grow by 26.28% on average per year.
The Revenue is expected to grow by 4.51% on average over the next years.
EPS Next Y47.55%
EPS Next 2Y30.95%
EPS Next 3Y26.28%
EPS Next 5YN/A
Revenue Next Year3.99%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.51%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.94, the valuation of BJRI can be described as expensive.
BJRI's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.30. BJRI is around the same levels.
With a Price/Forward Earnings ratio of 18.78, BJRI is valued on the expensive side.
Based on the Price/Forward Earnings ratio, BJRI is valued a bit cheaper than 63.16% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, BJRI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.94 | ||
| Fwd PE | 18.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BJRI is valued a bit cheaper than the industry average as 72.93% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BJRI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 81.52 | ||
| EV/EBITDA | 9.4 |
4.3 Compensation for Growth
BJRI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BJRI's earnings are expected to grow with 26.28% in the coming years.
PEG (NY)0.57
PEG (5Y)N/A
EPS Next 2Y30.95%
EPS Next 3Y26.28%
5. Dividend
5.1 Amount
No dividends for BJRI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
44.45
-0.08 (-0.18%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners97.22%
Inst Owner Change0%
Ins Owners1.34%
Ins Owner Change-11.14%
Market Cap983.23M
Analysts53.85
Price Target40.6 (-8.66%)
Short Float %7.75%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0.04%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)43.01%
Min EPS beat(2)34.73%
Max EPS beat(2)51.29%
EPS beat(4)3
Avg EPS beat(4)-145.05%
Min EPS beat(4)-704.03%
Max EPS beat(4)51.29%
EPS beat(8)6
Avg EPS beat(8)-311.48%
EPS beat(12)9
Avg EPS beat(12)-191.75%
EPS beat(16)11
Avg EPS beat(16)-191.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.93%
Min Revenue beat(2)-1.98%
Max Revenue beat(2)0.12%
Revenue beat(4)1
Avg Revenue beat(4)-1.38%
Min Revenue beat(4)-1.98%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.12%
Revenue beat(12)3
Avg Revenue beat(12)-1.59%
Revenue beat(16)3
Avg Revenue beat(16)-1.91%
PT rev (1m)-4.91%
PT rev (3m)-6.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.06%
EPS NY rev (1m)-0.38%
EPS NY rev (3m)14.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.94 | ||
| Fwd PE | 18.78 | ||
| P/S | 0.72 | ||
| P/FCF | 81.52 | ||
| P/OCF | 11.74 | ||
| P/B | 2.65 | ||
| P/tB | 2.68 | ||
| EV/EBITDA | 9.4 |
EPS(TTM)1.65
EY3.71%
EPS(NY)2.37
Fwd EY5.32%
FCF(TTM)0.55
FCFY1.23%
OCF(TTM)3.79
OCFY8.52%
SpS61.84
BVpS16.79
TBVpS16.58
PEG (NY)0.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 6.04% | ||
| ROCE | 4.51% | ||
| ROIC | 3.56% | ||
| ROICexc | 3.64% | ||
| ROICexgc | 3.66% | ||
| OM | 2.82% | ||
| PM (TTM) | 1.64% | ||
| GM | 37.97% | ||
| FCFM | 0.88% |
ROA(3y)1.28%
ROA(5y)-0.39%
ROE(3y)3.69%
ROE(5y)-1.94%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-5.99%
ROICexc growth 3YN/A
ROICexc growth 5Y-6%
OM growth 3YN/A
OM growth 5Y-10.42%
PM growth 3YN/A
PM growth 5Y-20.58%
GM growth 3Y0.99%
GM growth 5Y-0.21%
F-Score7
Asset Turnover1.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 7.09 | ||
| Debt/EBITDA | 0.77 | ||
| Cap/Depr | 98.02% | ||
| Cap/Sales | 5.24% | ||
| Interest Coverage | 8.83 | ||
| Cash Conversion | 74.97% | ||
| Profit Quality | 53.71% | ||
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | 2.67 |
F-Score7
WACC9.05%
ROIC/WACC0.39
Cap/Depr(3y)118.9%
Cap/Depr(5y)94.78%
Cap/Sales(3y)6.4%
Cap/Sales(5y)5.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65%
EPS 3YN/A
EPS 5Y-6.78%
EPS Q2Q%84.37%
EPS Next Y47.55%
EPS Next 2Y30.95%
EPS Next 3Y26.28%
EPS Next 5YN/A
Revenue 1Y (TTM)2.91%
Revenue growth 3Y7.68%
Revenue growth 5Y3.16%
Sales Q2Q%3.15%
Revenue Next Year3.99%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.51%
EBIT growth 1Y47.92%
EBIT growth 3YN/A
EBIT growth 5Y-7.58%
EBIT Next Year382.66%
EBIT Next 3Y76.83%
EBIT Next 5YN/A
FCF growth 1Y208.67%
FCF growth 3Y3.6%
FCF growth 5Y-6.18%
OCF growth 1Y1.65%
OCF growth 3Y16.42%
OCF growth 5Y-2.64%