CRACKER BARREL OLD COUNTRY (CBRL) Stock Fundamental Analysis
NASDAQ:CBRL - Nasdaq - US22410J1060 - Common Stock - Currency: USD
Taking everything into account, CBRL scores 3 out of 10 in our fundamental rating. CBRL was compared to 134 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of CBRL while its profitability can be described as average. CBRL is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CBRL had positive earnings in the past year.
In the past year CBRL had a positive cash flow from operations.
Of the past 5 years CBRL 4 years were profitable.
In the past 5 years CBRL always reported a positive cash flow from operatings.
1.2 Ratios
CBRL has a Return On Assets (2.70%) which is in line with its industry peers.
The Return On Equity of CBRL (12.31%) is better than 73.68% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.55%, CBRL is doing worse than 63.16% of the companies in the same industry.
CBRL had an Average Return On Invested Capital over the past 3 years of 5.42%. This is significantly below the industry average of 13.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 12.31% | ||
| ROIC | 3.55% |
ROA(3y)4.04%
ROA(5y)4.29%
ROE(3y)18.52%
ROE(5y)17.23%
ROIC(3y)5.42%
ROIC(5y)4.91%
1.3 Margins
CBRL has a Profit Margin of 1.65%. This is comparable to the rest of the industry: CBRL outperforms 43.61% of its industry peers.
CBRL's Profit Margin has declined in the last couple of years.
The Operating Margin of CBRL (2.20%) is worse than 73.68% of its industry peers.
In the last couple of years the Operating Margin of CBRL has declined.
Looking at the Gross Margin, with a value of 69.00%, CBRL belongs to the top of the industry, outperforming 82.71% of the companies in the same industry.
CBRL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.2% | ||
| PM (TTM) | 1.65% | ||
| GM | 69% |
OM growth 3Y-26.5%
OM growth 5Y-25.62%
PM growth 3Y-49.25%
PM growth 5Y-30.5%
GM growth 3Y-0.32%
GM growth 5Y-0.3%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CBRL is destroying value.
Compared to 1 year ago, CBRL has more shares outstanding
Compared to 5 years ago, CBRL has less shares outstanding
Compared to 1 year ago, CBRL has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.51 indicates that CBRL is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.51, CBRL is in the better half of the industry, outperforming 67.67% of the companies in the same industry.
The Debt to FCF ratio of CBRL is 19.53, which is on the high side as it means it would take CBRL, 19.53 years of fcf income to pay off all of its debts.
CBRL has a Debt to FCF ratio (19.53) which is in line with its industry peers.
CBRL has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
CBRL's Debt to Equity ratio of 1.04 is fine compared to the rest of the industry. CBRL outperforms 60.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 19.53 | ||
| Altman-Z | 2.51 |
ROIC/WACC0.41
WACC8.66%
2.3 Liquidity
CBRL has a Current Ratio of 0.65. This is a bad value and indicates that CBRL is not financially healthy enough and could expect problems in meeting its short term obligations.
CBRL's Current ratio of 0.65 is on the low side compared to the rest of the industry. CBRL is outperformed by 63.16% of its industry peers.
CBRL has a Quick Ratio of 0.65. This is a bad value and indicates that CBRL is not financially healthy enough and could expect problems in meeting its short term obligations.
CBRL has a worse Quick ratio (0.26) than 88.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
The earnings per share for CBRL have decreased strongly by -25.49% in the last year.
The earnings per share for CBRL have been decreasing by -16.60% on average. This is quite bad
The Revenue has been growing slightly by 2.84% in the past year.
The Revenue has been growing slightly by 2.47% on average over the past years.
EPS 1Y (TTM)-25.49%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%-34.09%
Revenue 1Y (TTM)2.84%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%0.49%
3.2 Future
Based on estimates for the next years, CBRL will show a small growth in Earnings Per Share. The EPS will grow by 0.62% on average per year.
The Revenue is expected to grow by 0.93% on average over the next years.
EPS Next Y-14.01%
EPS Next 2Y-4.39%
EPS Next 3Y0.62%
EPS Next 5YN/A
Revenue Next Year-0.11%
Revenue Next 2Y0.75%
Revenue Next 3Y0.93%
Revenue Next 5YN/A
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CBRL is valuated rather expensively with a Price/Earnings ratio of 19.73.
CBRL's Price/Earnings ratio is a bit cheaper when compared to the industry. CBRL is cheaper than 72.18% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.45. CBRL is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 19.56 indicates a rather expensive valuation of CBRL.
CBRL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CBRL is cheaper than 60.90% of the companies in the same industry.
CBRL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.73 | ||
| Fwd PE | 19.56 |
4.2 Price Multiples
CBRL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CBRL is cheaper than 69.17% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBRL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 59.41 | ||
| EV/EBITDA | 10.02 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.39%
EPS Next 3Y0.62%
5. Dividend
5.1 Amount
CBRL has a Yearly Dividend Yield of 1.50%.
Compared to an average industry Dividend Yield of 3.60, CBRL pays a bit more dividend than its industry peers.
CBRL's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
5.2 History
The dividend of CBRL decreases each year by -8.25%.
CBRL has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-8.25%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
80.31% of the earnings are spent on dividend by CBRL. This is not a sustainable payout ratio.
DP80.31%
EPS Next 2Y-4.39%
EPS Next 3Y0.62%
66.88
-1.05 (-1.55%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners106.01%
Inst Owner Change10.63%
Ins Owners0.64%
Ins Owner Change12.09%
Market Cap1.49B
Analysts50.67
Price Target54.93 (-17.87%)
Short Float %19.31%
Short Ratio3.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
Yearly Dividend5.23
Dividend Growth(5Y)-8.25%
DP80.31%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)58.03%
Min EPS beat(2)24.7%
Max EPS beat(2)91.37%
EPS beat(4)3
Avg EPS beat(4)33.14%
Min EPS beat(4)-12.74%
Max EPS beat(4)91.37%
EPS beat(8)5
Avg EPS beat(8)17.28%
EPS beat(12)7
Avg EPS beat(12)10.41%
EPS beat(16)8
Avg EPS beat(16)7.26%
Revenue beat(2)0
Avg Revenue beat(2)-1.84%
Min Revenue beat(2)-2.34%
Max Revenue beat(2)-1.35%
Revenue beat(4)1
Avg Revenue beat(4)-1.42%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)0.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.61%
Revenue beat(12)1
Avg Revenue beat(12)-1.73%
Revenue beat(16)1
Avg Revenue beat(16)-1.87%
PT rev (1m)17.08%
PT rev (3m)13.9%
EPS NQ rev (1m)3.09%
EPS NQ rev (3m)1.14%
EPS NY rev (1m)14.06%
EPS NY rev (3m)13.93%
Revenue NQ rev (1m)0.91%
Revenue NQ rev (3m)0.97%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.73 | ||
| Fwd PE | 19.56 | ||
| P/S | 0.42 | ||
| P/FCF | 59.41 | ||
| P/OCF | 8 | ||
| P/B | 3.17 | ||
| P/tB | 3.35 | ||
| EV/EBITDA | 10.02 |
EPS(TTM)3.39
EY5.07%
EPS(NY)3.42
Fwd EY5.11%
FCF(TTM)1.13
FCFY1.68%
OCF(TTM)8.36
OCFY12.51%
SpS157.68
BVpS21.08
TBVpS19.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 12.31% | ||
| ROCE | 4.5% | ||
| ROIC | 3.55% | ||
| ROICexc | 3.57% | ||
| ROICexgc | 3.62% | ||
| OM | 2.2% | ||
| PM (TTM) | 1.65% | ||
| GM | 69% | ||
| FCFM | 0.71% |
ROA(3y)4.04%
ROA(5y)4.29%
ROE(3y)18.52%
ROE(5y)17.23%
ROIC(3y)5.42%
ROIC(5y)4.91%
ROICexc(3y)5.52%
ROICexc(5y)5.18%
ROICexgc(3y)5.6%
ROICexgc(5y)5.26%
ROCE(3y)6.86%
ROCE(5y)6.21%
ROICexcg growth 3Y-19.93%
ROICexcg growth 5Y-29.25%
ROICexc growth 3Y-19.93%
ROICexc growth 5Y-29.45%
OM growth 3Y-26.5%
OM growth 5Y-25.62%
PM growth 3Y-49.25%
PM growth 5Y-30.5%
GM growth 3Y-0.32%
GM growth 5Y-0.3%
F-Score6
Asset Turnover1.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 19.53 | ||
| Debt/EBITDA | 2.49 | ||
| Cap/Depr | 135.01% | ||
| Cap/Sales | 4.59% | ||
| Interest Coverage | 3.91 | ||
| Cash Conversion | 94.76% | ||
| Profit Quality | 43.38% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | 2.51 |
F-Score6
WACC8.66%
ROIC/WACC0.41
Cap/Depr(3y)110.43%
Cap/Depr(5y)129.73%
Cap/Sales(3y)3.46%
Cap/Sales(5y)4.94%
Profit Quality(3y)101.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25.49%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%-34.09%
EPS Next Y-14.01%
EPS Next 2Y-4.39%
EPS Next 3Y0.62%
EPS Next 5YN/A
Revenue 1Y (TTM)2.84%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%0.49%
Revenue Next Year-0.11%
Revenue Next 2Y0.75%
Revenue Next 3Y0.93%
Revenue Next 5YN/A
EBIT growth 1Y-16.05%
EBIT growth 3Y-21.24%
EBIT growth 5Y-23.78%
EBIT Next Year106.87%
EBIT Next 3Y33.89%
EBIT Next 5YN/A
FCF growth 1Y-79.82%
FCF growth 3Y-43.9%
FCF growth 5Y-28.94%
OCF growth 1Y-25.56%
OCF growth 3Y-17.59%
OCF growth 5Y-14.17%