CRACKER BARREL OLD COUNTRY (CBRL) Stock Fundamental Analysis
NASDAQ:CBRL - Nasdaq - US22410J1060 - Common Stock - Currency: USD
Taking everything into account, CBRL scores 4 out of 10 in our fundamental rating. CBRL was compared to 136 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 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year CBRL was profitable.
In the past year CBRL had a positive cash flow from operations.
Of the past 5 years CBRL 4 years were profitable.
CBRL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CBRL has a Return On Assets (1.67%) which is in line with its industry peers.
With a decent Return On Equity value of 7.81%, CBRL is doing good in the industry, outperforming 67.65% of the companies in the same industry.
CBRL has a Return On Invested Capital of 3.26%. This is in the lower half of the industry: CBRL underperforms 63.97% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CBRL is significantly below the industry average of 15.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.67% | ||
| ROE | 7.81% | ||
| ROIC | 3.26% |
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
Looking at the Profit Margin, with a value of 1.03%, CBRL is in line with its industry, outperforming 42.65% of the companies in the same industry.
CBRL's Profit Margin has declined in the last couple of years.
The Operating Margin of CBRL (1.99%) is worse than 72.06% of its industry peers.
In the last couple of years the Operating Margin of CBRL has declined.
The Gross Margin of CBRL (69.03%) is better than 83.09% of its industry peers.
CBRL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.99% | ||
| PM (TTM) | 1.03% | ||
| GM | 69.03% |
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
CBRL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CBRL has been increased compared to 1 year ago.
Compared to 5 years ago, CBRL has less shares outstanding
CBRL has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.27 indicates that CBRL is not a great score, but indicates only limited risk for bankruptcy at the moment.
CBRL has a better Altman-Z score (2.27) than 65.44% of its industry peers.
The Debt to FCF ratio of CBRL is 10.06, which is on the high side as it means it would take CBRL, 10.06 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 10.06, CBRL is doing good in the industry, outperforming 60.29% of the companies in the same industry.
A Debt/Equity ratio of 1.02 is on the high side and indicates that CBRL has dependencies on debt financing.
CBRL has a Debt to Equity ratio of 1.02. This is in the better half of the industry: CBRL outperforms 63.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 10.06 | ||
| Altman-Z | 2.27 |
ROIC/WACC0.4
WACC8.11%
2.3 Liquidity
A Current Ratio of 0.62 indicates that CBRL may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.62, CBRL is doing worse than 67.65% of the companies in the same industry.
A Quick Ratio of 0.24 indicates that CBRL may have some problems paying its short term obligations.
The Quick ratio of CBRL (0.24) is worse than 89.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
CBRL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.39%.
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 2.26% in the past year.
Measured over the past years, CBRL shows a small growth in Revenue. The Revenue has been growing by 2.47% on average per year.
EPS 1Y (TTM)-24.39%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%0.73%
Revenue 1Y (TTM)2.26%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%1.5%
3.2 Future
CBRL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.58% yearly.
Based on estimates for the next years, CBRL will show a small growth in Revenue. The Revenue will grow by 0.88% on average per year.
EPS Next Y-23.96%
EPS Next 2Y-9.17%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue Next Year-0.25%
Revenue Next 2Y0.77%
Revenue Next 3Y0.88%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.37, the valuation of CBRL can be described as very reasonable.
Based on the Price/Earnings ratio, CBRL is valued cheaply inside the industry as 86.03% of the companies are valued more expensively.
CBRL is valuated cheaply when we compare the Price/Earnings ratio to 28.87, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.60, CBRL is valued correctly.
Based on the Price/Forward Earnings ratio, CBRL is valued cheaper than 80.88% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.38. CBRL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 13.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CBRL indicates a somewhat cheap valuation: CBRL is cheaper than 78.68% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBRL indicates a somewhat cheap valuation: CBRL is cheaper than 70.59% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.92 | ||
| EV/EBITDA | 7.62 |
4.3 Compensation for Growth
CBRL's earnings are expected to decrease with -3.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.17%
EPS Next 3Y-3.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.31%, CBRL has a reasonable but not impressive dividend return.
In the last 3 months the price of CBRL has falen by -33.52%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.85, CBRL pays a better dividend. On top of this CBRL pays more dividend than 80.88% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.46, CBRL has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
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.
The dividend of CBRL decreased in the last 3 years.
Dividend Growth(5Y)-8.25%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
193.53% of the earnings are spent on dividend by CBRL. This is not a sustainable payout ratio.
The Dividend Rate of CBRL has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP193.53%
EPS Next 2Y-9.17%
EPS Next 3Y-3.58%
41.96
-1.24 (-2.87%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners98.97%
Inst Owner Change0.15%
Ins Owners0.63%
Ins Owner Change5.69%
Market Cap934.03M
Analysts50.67
Price Target46.92 (11.82%)
Short Float %11.49%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
Yearly Dividend5.23
Dividend Growth(5Y)-8.25%
DP193.53%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.97%
Min EPS beat(2)24.7%
Max EPS beat(2)29.25%
EPS beat(4)3
Avg EPS beat(4)17.98%
Min EPS beat(4)-12.74%
Max EPS beat(4)30.72%
EPS beat(8)4
Avg EPS beat(8)4.41%
EPS beat(12)6
Avg EPS beat(12)2.51%
EPS beat(16)8
Avg EPS beat(16)30.22%
Revenue beat(2)1
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-1.35%
Max Revenue beat(2)0.26%
Revenue beat(4)1
Avg Revenue beat(4)-1.44%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)0.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.75%
Revenue beat(12)1
Avg Revenue beat(12)-1.73%
Revenue beat(16)2
Avg Revenue beat(16)-1.43%
PT rev (1m)-13.44%
PT rev (3m)-11.05%
EPS NQ rev (1m)-25.08%
EPS NQ rev (3m)-31.54%
EPS NY rev (1m)0.76%
EPS NY rev (3m)2.43%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 13.6 | ||
| P/S | 0.27 | ||
| P/FCF | 19.92 | ||
| P/OCF | 4.65 | ||
| P/B | 2.03 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 7.62 |
EPS(TTM)3.69
EY8.79%
EPS(NY)3.09
Fwd EY7.35%
FCF(TTM)2.11
FCFY5.02%
OCF(TTM)9.02
OCFY21.5%
SpS157.5
BVpS20.71
TBVpS19.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.67% | ||
| ROE | 7.81% | ||
| ROCE | 4.12% | ||
| ROIC | 3.26% | ||
| ROICexc | 3.28% | ||
| ROICexgc | 3.33% | ||
| OM | 1.99% | ||
| PM (TTM) | 1.03% | ||
| GM | 69.03% | ||
| FCFM | 1.34% |
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 Turnover1.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 10.06 | ||
| Debt/EBITDA | 2.53 | ||
| Cap/Depr | 131.88% | ||
| Cap/Sales | 4.39% | ||
| Interest Coverage | 3.56 | ||
| Cash Conversion | 107.59% | ||
| Profit Quality | 130.26% | ||
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 2.27 |
F-Score6
WACC8.11%
ROIC/WACC0.4
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)-24.39%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%0.73%
EPS Next Y-23.96%
EPS Next 2Y-9.17%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue 1Y (TTM)2.26%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%1.5%
Revenue Next Year-0.25%
Revenue Next 2Y0.77%
Revenue Next 3Y0.88%
Revenue Next 5YN/A
EBIT growth 1Y-38.77%
EBIT growth 3Y-21.24%
EBIT growth 5Y-23.78%
EBIT Next Year107.49%
EBIT Next 3Y32.8%
EBIT Next 5YN/A
FCF growth 1Y-42.48%
FCF growth 3Y-43.9%
FCF growth 5Y-28.94%
OCF growth 1Y1.27%
OCF growth 3Y-17.59%
OCF growth 5Y-14.17%