CARROLS RESTAURANT GROUP INC (TAST) Fundamental Analysis & Valuation

NASDAQ:TAST • US14574X1046

Current stock price

9.54 USD
-0.01 (-0.1%)
At close:
9.56 USD
+0.02 (+0.21%)
After Hours:

This TAST fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. TAST Profitability Analysis

1.1 Basic Checks

  • In the past year TAST was profitable.
  • TAST had a positive operating cash flow in the past year.
  • In the past 5 years TAST reported 4 times negative net income.
  • TAST had a positive operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

  • TAST's Return On Assets of 2.13% is in line compared to the rest of the industry. TAST outperforms 47.76% of its industry peers.
  • TAST has a better Return On Equity (18.29%) than 71.64% of its industry peers.
  • TAST's Return On Invested Capital of 4.42% is in line compared 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 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 -40

1.3 Margins

  • TAST's Profit Margin of 1.81% is on the low side compared to the rest of the industry. TAST is outperformed by 60.45% of its industry peers.
  • In the last couple of years the Profit Margin of TAST has grown nicely.
  • TAST's Operating Margin of 3.70% is on the low side compared to the rest of the industry. TAST is outperformed by 67.16% of its industry peers.
  • TAST's Operating Margin has improved in the last couple of years.
  • TAST has a worse Gross Margin (39.74%) than 65.67% of its industry peers.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40

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2

2. TAST Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TAST is destroying value.
  • The number of shares outstanding for TAST has been increased compared to 1 year ago.
  • The debt/assets ratio for TAST has been reduced compared to a year ago.
TAST Yearly Shares OutstandingTAST Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.38, we must say that TAST is in the distress zone and 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.
  • TAST has a debt to FCF ratio of 5.07. This is a neutral value as TAST would need 5.07 years to pay back of all of its debts.
  • The Debt to FCF ratio of TAST (5.07) is better than 73.88% of its industry peers.
  • A Debt/Equity ratio of 2.28 is on the high side and indicates that TAST has dependencies on debt financing.
  • TAST has a Debt to Equity ratio (2.28) which 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 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.
  • TAST's Current ratio of 0.49 is on the low side compared to the rest of the industry. TAST is outperformed by 76.87% of its industry peers.
  • 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.
  • Looking at the Quick ratio, with a value of 0.41, TAST is doing worse than 79.85% of the companies in the same industry.
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 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. TAST Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 173.24% over the past year.
  • Measured over the past years, TAST shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.18% on average per year.
  • 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.
  • Based on estimates for the next years, TAST will show a small growth in Revenue. The Revenue will grow by 1.38% on average per year.
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TAST Yearly Revenue VS EstimatesTAST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 -0.5

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5

4. TAST Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 18.35, the valuation of TAST can be described as rather expensive.
  • 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.
  • TAST is valuated rather cheaply when we compare the Price/Earnings ratio to 26.89, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 16.55, which indicates a correct valuation of TAST.
  • 61.19% of the companies in the same industry are more expensive than TAST, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.97, TAST is valued a bit 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 10 20 30 40

4.2 Price Multiples

  • 86.57% of the companies in the same industry are more expensive than TAST, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, TAST is valued 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

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. TAST Dividend Analysis

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 1.05.
  • Compared to an average S&P500 Dividend Yield of 1.82, TAST's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.84%

5.2 History

  • TAST has paid a dividend for less than 5 years, so there is no long track record yet.
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 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

More info and screens

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TAST Fundamentals: All Metrics, Ratios and Statistics

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
Earnings (Next)08-08
Inst Owners5.14%
Inst Owner Change0%
Ins Owners5.93%
Ins Owner Change0%
Market Cap524.03M
Revenue(TTM)1.88B
Net Income(TTM)33.88M
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
Graham Number0 (-100%)
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
ROICexgc growth 3Y66.87%
ROICexgc 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%

CARROLS RESTAURANT GROUP INC / TAST Fundamental Analysis FAQ

What is the fundamental rating for TAST stock?

ChartMill assigns a fundamental rating of 4 / 10 to TAST.


What is the valuation status of CARROLS RESTAURANT GROUP INC (TAST) stock?

ChartMill assigns a valuation rating of 5 / 10 to CARROLS RESTAURANT GROUP INC (TAST). This can be considered as Fairly Valued.


How profitable is CARROLS RESTAURANT GROUP INC (TAST) stock?

CARROLS RESTAURANT GROUP INC (TAST) has a profitability rating of 4 / 10.


What is the financial health of CARROLS RESTAURANT GROUP INC (TAST) stock?

The financial health rating of CARROLS RESTAURANT GROUP INC (TAST) is 2 / 10.


Is the dividend of CARROLS RESTAURANT GROUP INC sustainable?

The dividend rating of CARROLS RESTAURANT GROUP INC (TAST) is 3 / 10 and the dividend payout ratio is 3.77%.