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CARROLS RESTAURANT GROUP INC (TAST) Stock Fundamental Analysis

USA - NASDAQ:TAST - US14574X1046 - Common Stock

9.54 USD
-0.01 (-0.1%)
Last: 5/15/2024, 8:11:18 PM
9.56 USD
+0.02 (+0.21%)
After Hours: 5/15/2024, 8:11:18 PM
Fundamental Rating

4

Overall TAST gets a fundamental rating of 4 out of 10. We evaluated TAST against 134 industry peers in the Hotels, Restaurants & Leisure industry. While TAST is still in line with the averages on profitability rating, there are concerns on its financial health. TAST has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

TAST had positive earnings in the past year.
TAST had a positive operating cash flow in the past year.
TAST had negative earnings in 4 of the past 5 years.
In the past 5 years TAST always reported a positive cash flow from operatings.
TAST Yearly Net Income VS EBIT VS OCF VS FCFTAST 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 0 50M -50M 100M

1.2 Ratios

TAST has a Return On Assets (2.13%) which is comparable to the rest of the industry.
The Return On Equity of TAST (18.29%) is better than 71.64% of its industry peers.
TAST has a Return On Invested Capital of 4.42%. This is comparable to the rest of the industry: TAST outperforms 44.03% of its industry peers.
Industry RankSector Rank
ROA 2.13%
ROE 18.29%
ROIC 4.42%
ROA(3y)-1.71%
ROA(5y)-1.73%
ROE(3y)-17.32%
ROE(5y)-14.63%
ROIC(3y)N/A
ROIC(5y)N/A
TAST Yearly ROA, ROE, ROICTAST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 -40

1.3 Margins

With a Profit Margin value of 1.81%, TAST is not doing good in the industry: 60.45% of the companies in the same industry are doing better.
TAST's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 3.70%, TAST is not doing good in the industry: 67.16% of the companies in the same industry are doing better.
TAST's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 39.74%, TAST is not doing good in the industry: 65.67% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of TAST has remained more or less at the same level.
Industry RankSector Rank
OM 3.7%
PM (TTM) 1.81%
GM 39.74%
OM growth 3Y49.37%
OM growth 5Y2.77%
PM growth 3YN/A
PM growth 5Y21.87%
GM growth 3Y1.02%
GM growth 5Y-0.06%
TAST Yearly Profit, Operating, Gross MarginsTAST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40

2

2. Health

2.1 Basic Checks

TAST has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, TAST has more shares outstanding
Compared to 5 years ago, TAST has more shares outstanding
Compared to 1 year ago, TAST has an improved debt to assets ratio.
TAST Yearly Shares OutstandingTAST Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
TAST Yearly Total Debt VS Total AssetsTAST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

TAST has an Altman-Z score of 1.38. This is a bad value and indicates that TAST is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.38, TAST is in line with its industry, outperforming 44.03% of the companies in the same industry.
The Debt to FCF ratio of TAST is 5.07, which is a neutral value as it means it would take TAST, 5.07 years of fcf income to pay off all of its debts.
TAST has a Debt to FCF ratio of 5.07. This is in the better half of the industry: TAST outperforms 73.88% of its industry peers.
TAST has a Debt/Equity ratio of 2.28. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of TAST (2.28) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 2.28
Debt/FCF 5.07
Altman-Z 1.38
ROIC/WACC0.49
WACC8.98%
TAST Yearly LT Debt VS Equity VS FCFTAST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 0.49 indicates that TAST may have some problems paying its short term obligations.
With a Current ratio value of 0.49, TAST is not doing good in the industry: 76.87% of the companies in the same industry are doing better.
TAST has a Quick Ratio of 0.49. This is a bad value and indicates that TAST is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of TAST (0.41) is worse than 79.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.41
TAST Yearly Current Assets VS Current LiabilitesTAST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 173.24% over the past year.
TAST shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.18% yearly.
TAST shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.44%.
TAST shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.73% yearly.
EPS 1Y (TTM)173.24%
EPS 3YN/A
EPS 5Y13.18%
EPS Q2Q%280%
Revenue 1Y (TTM)8.44%
Revenue growth 3Y6.64%
Revenue growth 5Y9.73%
Sales Q2Q%5.67%

3.2 Future

The Earnings Per Share is expected to grow by 4.34% on average over the next years.
The Revenue is expected to grow by 1.38% on average over the next years.
EPS Next Y10.83%
EPS Next 2Y4.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.76%
Revenue Next 2Y2.88%
Revenue Next 3Y-0.54%
Revenue Next 5Y1.38%

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 decreasing.
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.
TAST Yearly Revenue VS EstimatesTAST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
TAST Yearly EPS VS EstimatesTAST Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 -0.5

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 18.35, which indicates a rather expensive current valuation of TAST.
TAST's Price/Earnings ratio is a bit cheaper when compared to the industry. TAST is cheaper than 67.16% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.42. TAST is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 16.55, which indicates a correct valuation of TAST.
TAST's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TAST is cheaper than 61.19% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TAST to the average of the S&P500 Index (22.94), we can say TAST is valued slightly cheaper.
Industry RankSector Rank
PE 18.35
Fwd PE 16.55
TAST Price Earnings VS Forward Price EarningsTAST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TAST indicates a rather cheap valuation: TAST is cheaper than 86.57% of the companies listed in the same industry.
TAST's Price/Free Cash Flow ratio is rather cheap when compared to the industry. TAST is cheaper than 96.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.2
EV/EBITDA 6.33
TAST Per share dataTAST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

TAST's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.69
PEG (5Y)1.39
EPS Next 2Y4.34%
EPS Next 3YN/A

3

5. Dividend

5.1 Amount

With a yearly dividend of 0.84%, TAST is not a good candidate for dividend investing.
TAST's Dividend Yield is a higher than the industry average which is at 3.84.
With a Dividend Yield of 0.84, TAST pays less dividend than the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 0.84%

5.2 History

TAST has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
TAST Yearly Dividends per shareTAST Yearly Dividends per shareYearly Dividends per share 2021 2023 2024 0.1 0.2 0.3 0.4

5.3 Sustainability

TAST pays out 3.77% of its income as dividend. This is a sustainable payout ratio.
DP3.77%
EPS Next 2Y4.34%
EPS Next 3YN/A
TAST Yearly Income VS Free CF VS DividendTAST Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M
TAST Dividend Payout.TAST Dividend Payout, showing the Payout Ratio.TAST Dividend Payout.PayoutRetained Earnings

CARROLS RESTAURANT GROUP INC

NASDAQ:TAST (5/15/2024, 8:11:18 PM)

After market: 9.56 +0.02 (+0.21%)

9.54

-0.01 (-0.1%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)05-09 2024-05-09/amc
Earnings (Next)08-08 2024-08-08/amc
Inst Owners5.14%
Inst Owner Change0%
Ins Owners5.93%
Ins Owner Change0%
Market Cap524.03M
Analysts45.71
Price Target9.74 (2.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.84%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP3.77%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)147.43%
Min EPS beat(2)96.08%
Max EPS beat(2)198.79%
EPS beat(4)4
Avg EPS beat(4)451.87%
Min EPS beat(4)96.08%
Max EPS beat(4)1412.61%
EPS beat(8)7
Avg EPS beat(8)235.05%
EPS beat(12)9
Avg EPS beat(12)154.44%
EPS beat(16)10
Avg EPS beat(16)212.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.25%
Min Revenue beat(2)-1.97%
Max Revenue beat(2)-0.53%
Revenue beat(4)2
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)3.07%
Revenue beat(8)2
Avg Revenue beat(8)-0.59%
Revenue beat(12)3
Avg Revenue beat(12)-0.52%
Revenue beat(16)3
Avg Revenue beat(16)-0.93%
PT rev (1m)-7.06%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)0%
EPS NY rev (3m)5.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.61%
Valuation
Industry RankSector Rank
PE 18.35
Fwd PE 16.55
P/S 0.28
P/FCF 6.2
P/OCF 3.77
P/B 2.83
P/tB N/A
EV/EBITDA 6.33
EPS(TTM)0.52
EY5.45%
EPS(NY)0.58
Fwd EY6.04%
FCF(TTM)1.54
FCFY16.14%
OCF(TTM)2.53
OCFY26.55%
SpS34.16
BVpS3.37
TBVpS-4.5
PEG (NY)1.69
PEG (5Y)1.39
Profitability
Industry RankSector Rank
ROA 2.13%
ROE 18.29%
ROCE 5.01%
ROIC 4.42%
ROICexc 4.57%
ROICexgc 6.74%
OM 3.7%
PM (TTM) 1.81%
GM 39.74%
FCFM 4.51%
ROA(3y)-1.71%
ROA(5y)-1.73%
ROE(3y)-17.32%
ROE(5y)-14.63%
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 3Y66.87%
ROICexcg growth 5Y-11.6%
ROICexc growth 3Y66.57%
ROICexc growth 5Y-6.92%
OM growth 3Y49.37%
OM growth 5Y2.77%
PM growth 3YN/A
PM growth 5Y21.87%
GM growth 3Y1.02%
GM growth 5Y-0.06%
F-Score9
Asset Turnover1.18
Health
Industry RankSector Rank
Debt/Equity 2.28
Debt/FCF 5.07
Debt/EBITDA 2.94
Cap/Depr 73.57%
Cap/Sales 2.91%
Interest Coverage 2.31
Cash Conversion 96.88%
Profit Quality 249.68%
Current Ratio 0.49
Quick Ratio 0.41
Altman-Z 1.38
F-Score9
WACC8.98%
ROIC/WACC0.49
Cap/Depr(3y)62.2%
Cap/Depr(5y)90.23%
Cap/Sales(3y)2.75%
Cap/Sales(5y)4.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)173.24%
EPS 3YN/A
EPS 5Y13.18%
EPS Q2Q%280%
EPS Next Y10.83%
EPS Next 2Y4.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.44%
Revenue growth 3Y6.64%
Revenue growth 5Y9.73%
Sales Q2Q%5.67%
Revenue Next Year3.76%
Revenue Next 2Y2.88%
Revenue Next 3Y-0.54%
Revenue Next 5Y1.38%
EBIT growth 1Y381.22%
EBIT growth 3Y59.29%
EBIT growth 5Y12.78%
EBIT Next Year121.36%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y586.12%
FCF growth 3Y21.64%
FCF growth 5Y75.37%
OCF growth 1Y568.98%
OCF growth 3Y10.23%
OCF growth 5Y11.48%