CRACKER BARREL OLD COUNTRY (CBRL) Stock Fundamental Analysis
NASDAQ:CBRL - Nasdaq - US22410J1060 - Common Stock - Currency: USD
Overall CBRL gets a fundamental rating of 3 out of 10. We evaluated CBRL against 135 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 correctly, 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.
Each year in the past 5 years CBRL had a positive operating cash flow.
1.2 Ratios
CBRL has a Return On Assets (1.84%) which is in line with its industry peers.
With a decent Return On Equity value of 9.15%, CBRL is doing good in the industry, outperforming 67.94% of the companies in the same industry.
CBRL has a Return On Invested Capital of 3.13%. This is in the lower half of the industry: CBRL underperforms 65.65% of its industry peers.
CBRL had an Average Return On Invested Capital over the past 3 years of 5.42%. This is significantly below the industry average of 10.79%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.84% | ||
| ROE | 9.15% | ||
| ROIC | 3.13% |
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's Profit Margin of 1.15% is on the low side compared to the rest of the industry. CBRL is outperformed by 60.31% of its industry peers.
CBRL's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 1.98%, CBRL is not doing good in the industry: 70.99% of the companies in the same industry are doing better.
CBRL's Operating Margin has declined in the last couple of years.
The Gross Margin of CBRL (68.76%) is better than 82.44% of its industry peers.
CBRL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.98% | ||
| PM (TTM) | 1.15% | ||
| GM | 68.76% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CBRL 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 2.25 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 (2.25) than 63.36% of its industry peers.
CBRL has a debt to FCF ratio of 13.92. This is a negative value and a sign of low solvency as CBRL would need 13.92 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.92, CBRL is in line with its industry, outperforming 50.38% of the companies in the same industry.
CBRL has a Debt/Equity ratio of 1.20. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.20, CBRL is in the better half of the industry, outperforming 60.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.2 | ||
| Debt/FCF | 13.92 | ||
| Altman-Z | 2.25 |
ROIC/WACC0.36
WACC8.8%
2.3 Liquidity
A Current Ratio of 0.69 indicates that CBRL may have some problems paying its short term obligations.
CBRL has a worse Current ratio (0.69) than 65.65% of its industry peers.
A Quick Ratio of 0.24 indicates that CBRL may have some problems paying its short term obligations.
With a Quick ratio value of 0.24, CBRL is not doing good in the industry: 93.13% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
The earnings per share for CBRL have decreased strongly by -26.25% in the last year.
CBRL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.60% yearly.
Looking at the last year, CBRL shows a small growth in Revenue. The Revenue has grown by 1.89% in the last year.
CBRL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.47% yearly.
EPS 1Y (TTM)-26.25%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%-11.76%
Revenue 1Y (TTM)1.89%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%2.58%
3.2 Future
Based on estimates for the next years, CBRL will show a decrease in Earnings Per Share. The EPS will decrease by -0.36% on average per year.
The Revenue is expected to grow by 0.80% on average over the next years.
EPS Next Y-26.22%
EPS Next 2Y-8.84%
EPS Next 3Y-0.36%
EPS Next 5YN/A
Revenue Next Year-0.37%
Revenue Next 2Y0.56%
Revenue Next 3Y0.8%
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 12.77, CBRL is valued correctly.
CBRL's Price/Earnings ratio is rather cheap when compared to the industry. CBRL is cheaper than 90.08% of the companies in the same industry.
CBRL is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 15.12, CBRL is valued correctly.
Based on the Price/Forward Earnings ratio, CBRL is valued cheaper than 81.68% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CBRL to the average of the S&P500 Index (22.68), we can say CBRL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.77 | ||
| Fwd PE | 15.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBRL is valued a bit cheaper than the industry average as 77.86% of the companies are valued more expensively.
CBRL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CBRL is cheaper than 70.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.64 | ||
| EV/EBITDA | 8.52 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.84%
EPS Next 3Y-0.36%
5. Dividend
5.1 Amount
CBRL has a Yearly Dividend Yield of 2.07%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.08, CBRL pays a better dividend. On top of this CBRL pays more dividend than 81.68% of the companies listed in the same industry.
CBRL's Dividend Yield is comparable with the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
5.2 History
The dividend of CBRL decreases each year by -8.25%.
CBRL has been paying a dividend for at least 10 years, so it has a reliable track record.
CBRL has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.25%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
CBRL pays out 230.32% of its income as dividend. This is not a sustainable payout ratio.
CBRL's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP230.32%
EPS Next 2Y-8.84%
EPS Next 3Y-0.36%
47
-1.3 (-2.7%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners98.97%
Inst Owner Change-95.51%
Ins Owners0.63%
Ins Owner Change1.53%
Market Cap1.05B
Analysts49.33
Price Target54.21 (15.34%)
Short Float %11.85%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.07% |
Yearly Dividend5.23
Dividend Growth(5Y)-8.25%
DP230.32%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.26%
Min EPS beat(2)-12.74%
Max EPS beat(2)29.25%
EPS beat(4)2
Avg EPS beat(4)11.5%
Min EPS beat(4)-12.74%
Max EPS beat(4)30.72%
EPS beat(8)4
Avg EPS beat(8)2.19%
EPS beat(12)6
Avg EPS beat(12)0.77%
EPS beat(16)7
Avg EPS beat(16)27.78%
Revenue beat(2)1
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-2.27%
Max Revenue beat(2)0.26%
Revenue beat(4)1
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)0.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.61%
Revenue beat(12)1
Avg Revenue beat(12)-1.86%
Revenue beat(16)2
Avg Revenue beat(16)-1.47%
PT rev (1m)2.76%
PT rev (3m)9.01%
EPS NQ rev (1m)-6.16%
EPS NQ rev (3m)-6.16%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-5.04%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)0.43%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.77 | ||
| Fwd PE | 15.12 | ||
| P/S | 0.3 | ||
| P/FCF | 27.64 | ||
| P/OCF | 5.8 | ||
| P/B | 2.37 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 8.52 |
EPS(TTM)3.68
EY7.83%
EPS(NY)3.11
Fwd EY6.61%
FCF(TTM)1.7
FCFY3.62%
OCF(TTM)8.1
OCFY17.24%
SpS156.87
BVpS19.8
TBVpS18.7
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.84% | ||
| ROE | 9.15% | ||
| ROCE | 3.96% | ||
| ROIC | 3.13% | ||
| ROICexc | 3.15% | ||
| ROICexgc | 3.19% | ||
| OM | 1.98% | ||
| PM (TTM) | 1.15% | ||
| GM | 68.76% | ||
| FCFM | 1.08% |
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 Turnover1.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.2 | ||
| Debt/FCF | 13.92 | ||
| Debt/EBITDA | 2.87 | ||
| Cap/Depr | 124.77% | ||
| Cap/Sales | 4.08% | ||
| Interest Coverage | 3.6 | ||
| Cash Conversion | 98.39% | ||
| Profit Quality | 93.89% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 2.25 |
F-Score6
WACC8.8%
ROIC/WACC0.36
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)-26.25%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%-11.76%
EPS Next Y-26.22%
EPS Next 2Y-8.84%
EPS Next 3Y-0.36%
EPS Next 5YN/A
Revenue 1Y (TTM)1.89%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%2.58%
Revenue Next Year-0.37%
Revenue Next 2Y0.56%
Revenue Next 3Y0.8%
Revenue Next 5YN/A
EBIT growth 1Y-43.54%
EBIT growth 3Y-21.24%
EBIT growth 5Y-23.78%
EBIT Next Year102.48%
EBIT Next 3Y33.67%
EBIT Next 5YN/A
FCF growth 1Y-49.93%
FCF growth 3Y-43.9%
FCF growth 5Y-28.94%
OCF growth 1Y-0.69%
OCF growth 3Y-17.59%
OCF growth 5Y-14.17%