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NOODLES & CO (NDLS) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:NDLS - US65540B1052 - Common Stock

0.631 USD
+0.01 (+0.96%)
Last: 12/23/2025, 8:24:26 PM
0.6151 USD
-0.02 (-2.52%)
After Hours: 12/23/2025, 8:24:26 PM
Fundamental Rating

1

Taking everything into account, NDLS scores 1 out of 10 in our fundamental rating. NDLS was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. NDLS may be in some trouble as it scores bad on both profitability and health. NDLS does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year NDLS has reported negative net income.
NDLS had a negative operating cash flow in the past year.
In the past 5 years NDLS reported 4 times negative net income.
Each year in the past 5 years NDLS had a positive operating cash flow.
NDLS Yearly Net Income VS EBIT VS OCF VS FCFNDLS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M -60M

1.2 Ratios

NDLS has a worse Return On Assets (-16.20%) than 87.22% of its industry peers.
Industry RankSector Rank
ROA -16.2%
ROE N/A
ROIC N/A
ROA(3y)-4.93%
ROA(5y)-4.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NDLS Yearly ROA, ROE, ROICNDLS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 400 600

1.3 Margins

The Gross Margin of NDLS (22.86%) is worse than 81.95% of its industry peers.
NDLS's Gross Margin has declined in the last couple of years.
NDLS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 22.86%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.26%
GM growth 5Y-2.5%
NDLS Yearly Profit, Operating, Gross MarginsNDLS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

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0

2. Health

2.1 Basic Checks

NDLS does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NDLS has been increased compared to 1 year ago.
Compared to 5 years ago, NDLS has more shares outstanding
NDLS has a worse debt/assets ratio than last year.
NDLS Yearly Shares OutstandingNDLS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
NDLS Yearly Total Debt VS Total AssetsNDLS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

NDLS has an Altman-Z score of 0.41. This is a bad value and indicates that NDLS is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.41, NDLS is doing worse than 77.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z 0.41
ROIC/WACCN/A
WACC8.53%
NDLS Yearly LT Debt VS Equity VS FCFNDLS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

NDLS has a Current Ratio of 0.34. This is a bad value and indicates that NDLS is not financially healthy enough and could expect problems in meeting its short term obligations.
NDLS has a Current ratio of 0.34. This is amonst the worse of the industry: NDLS underperforms 88.72% of its industry peers.
A Quick Ratio of 0.19 indicates that NDLS may have some problems paying its short term obligations.
The Quick ratio of NDLS (0.19) is worse than 91.73% of its industry peers.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.19
NDLS Yearly Current Assets VS Current LiabilitesNDLS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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1

3. Growth

3.1 Past

NDLS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -54.05%.
NDLS shows a decrease in Revenue. In the last year, the revenue decreased by -0.35%.
The Revenue has been growing slightly by 1.30% on average over the past years.
EPS 1Y (TTM)-54.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%16.67%
Revenue 1Y (TTM)-0.35%
Revenue growth 3Y1.25%
Revenue growth 5Y1.3%
Sales Q2Q%-0.54%

3.2 Future

Based on estimates for the next years, NDLS will show a small growth in Earnings Per Share. The EPS will grow by 4.02% on average per year.
Based on estimates for the next years, NDLS will show a decrease in Revenue. The Revenue will decrease by -2.77% on average per year.
EPS Next Y-25.8%
EPS Next 2Y4.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.16%
Revenue Next 2Y-2.77%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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.
NDLS Yearly Revenue VS EstimatesNDLS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M 500M
NDLS Yearly EPS VS EstimatesNDLS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4 -0.4

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1

4. Valuation

4.1 Price/Earnings Ratio

NDLS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NDLS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NDLS Price Earnings VS Forward Price EarningsNDLS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

NDLS's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NDLS is cheaper than 81.20% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.6
NDLS Per share dataNDLS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.02%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

NDLS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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NOODLES & CO

NASDAQ:NDLS (12/23/2025, 8:24:26 PM)

After market: 0.6151 -0.02 (-2.52%)

0.631

+0.01 (+0.96%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)03-04 2026-03-04/amc
Inst Owners31.47%
Inst Owner Change-3.21%
Ins Owners6.43%
Ins Owner Change1.94%
Market Cap29.51M
Revenue(TTM)494.09M
Net Income(TTM)-45.45M
Analysts82.5
Price Target1.79 (183.68%)
Short Float %3.22%
Short Ratio0.83
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-64.33%
Min EPS beat(2)-135.29%
Max EPS beat(2)6.63%
EPS beat(4)1
Avg EPS beat(4)-61%
Min EPS beat(4)-135.29%
Max EPS beat(4)6.63%
EPS beat(8)3
Avg EPS beat(8)-112.91%
EPS beat(12)6
Avg EPS beat(12)-40.71%
EPS beat(16)7
Avg EPS beat(16)-42.41%
Revenue beat(2)0
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-5.82%
Max Revenue beat(2)-0.07%
Revenue beat(4)0
Avg Revenue beat(4)-2.41%
Min Revenue beat(4)-5.82%
Max Revenue beat(4)-0.07%
Revenue beat(8)0
Avg Revenue beat(8)-2.9%
Revenue beat(12)0
Avg Revenue beat(12)-3.14%
Revenue beat(16)0
Avg Revenue beat(16)-3.04%
PT rev (1m)-12.5%
PT rev (3m)-12.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.52%
EPS NY rev (1m)-5.71%
EPS NY rev (3m)-6.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.26%
Revenue NY rev (1m)0.97%
Revenue NY rev (3m)0.97%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.06
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA 7.6
EPS(TTM)-0.57
EYN/A
EPS(NY)-0.41
Fwd EYN/A
FCF(TTM)-0.33
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS10.56
BVpS-0.83
TBVpS-0.99
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.2%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 22.86%
FCFM N/A
ROA(3y)-4.93%
ROA(5y)-4.06%
ROE(3y)N/A
ROE(5y)N/A
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.26%
GM growth 5Y-2.5%
F-Score4
Asset Turnover1.76
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 6.15
Cap/Depr 49.61%
Cap/Sales 2.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.34
Quick Ratio 0.19
Altman-Z 0.41
F-Score4
WACC8.53%
ROIC/WACCN/A
Cap/Depr(3y)146.29%
Cap/Depr(5y)115.44%
Cap/Sales(3y)7.61%
Cap/Sales(5y)5.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-54.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%16.67%
EPS Next Y-25.8%
EPS Next 2Y4.02%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.35%
Revenue growth 3Y1.25%
Revenue growth 5Y1.3%
Sales Q2Q%-0.54%
Revenue Next Year-0.16%
Revenue Next 2Y-2.77%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-47.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year337.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-105.6%
OCF growth 3Y-40.65%
OCF growth 5Y-24.12%

NOODLES & CO / NDLS FAQ

What is the fundamental rating for NDLS stock?

ChartMill assigns a fundamental rating of 1 / 10 to NDLS.


What is the valuation status of NOODLES & CO (NDLS) stock?

ChartMill assigns a valuation rating of 1 / 10 to NOODLES & CO (NDLS). This can be considered as Overvalued.


How profitable is NOODLES & CO (NDLS) stock?

NOODLES & CO (NDLS) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for NDLS stock?

The Earnings per Share (EPS) of NOODLES & CO (NDLS) is expected to decline by -25.8% in the next year.