BJ'S RESTAURANTS INC (BJRI) Stock Fundamental Analysis
NASDAQ:BJRI - Nasdaq - US09180C1062 - Common Stock - Currency: USD
BJRI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. BJRI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BJRI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BJRI had positive earnings in the past year.
BJRI had a positive operating cash flow in the past year.
In multiple years BJRI reported negative net income over the last 5 years.
In the past 5 years BJRI always reported a positive cash flow from operatings.
1.2 Ratios
BJRI has a Return On Assets (2.20%) which is comparable to the rest of the industry.
BJRI's Return On Equity of 6.04% is fine compared to the rest of the industry. BJRI outperforms 61.65% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.56%, BJRI is doing worse than 62.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 6.04% | ||
| ROIC | 3.56% |
ROA(3y)1.28%
ROA(5y)-0.39%
ROE(3y)3.69%
ROE(5y)-1.94%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 1.64%, BJRI is in line with its industry, outperforming 42.86% of the companies in the same industry.
BJRI's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 2.82%, BJRI is doing worse than 72.18% of the companies in the same industry.
In the last couple of years the Operating Margin of BJRI has declined.
BJRI has a Gross Margin of 37.97%. This is in the lower half of the industry: BJRI underperforms 66.92% of its industry peers.
BJRI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.82% | ||
| PM (TTM) | 1.64% | ||
| GM | 37.97% |
OM growth 3YN/A
OM growth 5Y-10.42%
PM growth 3YN/A
PM growth 5Y-20.58%
GM growth 3Y0.99%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
BJRI 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, BJRI has less shares outstanding
Compared to 5 years ago, BJRI has more shares outstanding
Compared to 1 year ago, BJRI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.70 indicates that BJRI is not a great score, but indicates only limited risk for bankruptcy at the moment.
BJRI has a better Altman-Z score (2.70) than 71.43% of its industry peers.
The Debt to FCF ratio of BJRI is 7.09, which is on the high side as it means it would take BJRI, 7.09 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 7.09, BJRI is doing good in the industry, outperforming 72.93% of the companies in the same industry.
A Debt/Equity ratio of 0.23 indicates that BJRI is not too dependend on debt financing.
BJRI has a better Debt to Equity ratio (0.23) than 76.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 7.09 | ||
| Altman-Z | 2.7 |
ROIC/WACC0.41
WACC8.77%
2.3 Liquidity
BJRI has a Current Ratio of 0.39. This is a bad value and indicates that BJRI is not financially healthy enough and could expect problems in meeting its short term obligations.
BJRI's Current ratio of 0.39 is on the low side compared to the rest of the industry. BJRI is outperformed by 82.71% of its industry peers.
A Quick Ratio of 0.31 indicates that BJRI may have some problems paying its short term obligations.
BJRI's Quick ratio of 0.31 is on the low side compared to the rest of the industry. BJRI is outperformed by 80.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
BJRI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 65.00%, which is quite impressive.
BJRI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.78% yearly.
The Revenue has been growing slightly by 2.91% in the past year.
BJRI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.16% yearly.
EPS 1Y (TTM)65%
EPS 3YN/A
EPS 5Y-6.78%
EPS Q2Q%84.37%
Revenue 1Y (TTM)2.91%
Revenue growth 3Y7.68%
Revenue growth 5Y3.16%
Sales Q2Q%3.15%
3.2 Future
Based on estimates for the next years, BJRI will show a very strong growth in Earnings Per Share. The EPS will grow by 26.28% on average per year.
Based on estimates for the next years, BJRI will show a small growth in Revenue. The Revenue will grow by 4.51% on average per year.
EPS Next Y47.55%
EPS Next 2Y30.95%
EPS Next 3Y26.28%
EPS Next 5YN/A
Revenue Next Year3.99%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.51%
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 27.93, BJRI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of BJRI is on the same level as its industry peers.
BJRI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.45.
The Price/Forward Earnings ratio is 19.48, which indicates a rather expensive current valuation of BJRI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BJRI indicates a somewhat cheap valuation: BJRI is cheaper than 61.65% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. BJRI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.93 | ||
| Fwd PE | 19.48 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BJRI is valued a bit cheaper than 72.93% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BJRI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 84.52 | ||
| EV/EBITDA | 9.72 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BJRI's earnings are expected to grow with 26.28% in the coming years.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y30.95%
EPS Next 3Y26.28%
5. Dividend
5.1 Amount
No dividends for BJRI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
46.09
-0.69 (-1.47%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners97.22%
Inst Owner Change3.28%
Ins Owners1.34%
Ins Owner Change-11.14%
Market Cap1.02B
Analysts72
Price Target40.6 (-11.91%)
Short Float %7.75%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0.04%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)43.01%
Min EPS beat(2)34.73%
Max EPS beat(2)51.29%
EPS beat(4)3
Avg EPS beat(4)-145.05%
Min EPS beat(4)-704.03%
Max EPS beat(4)51.29%
EPS beat(8)6
Avg EPS beat(8)-311.48%
EPS beat(12)9
Avg EPS beat(12)-191.75%
EPS beat(16)11
Avg EPS beat(16)-191.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.93%
Min Revenue beat(2)-1.98%
Max Revenue beat(2)0.12%
Revenue beat(4)1
Avg Revenue beat(4)-1.38%
Min Revenue beat(4)-1.98%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-2.12%
Revenue beat(12)3
Avg Revenue beat(12)-1.59%
Revenue beat(16)3
Avg Revenue beat(16)-1.91%
PT rev (1m)-4.91%
PT rev (3m)-6.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.06%
EPS NY rev (1m)-0.38%
EPS NY rev (3m)14.13%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.93 | ||
| Fwd PE | 19.48 | ||
| P/S | 0.75 | ||
| P/FCF | 84.52 | ||
| P/OCF | 12.17 | ||
| P/B | 2.74 | ||
| P/tB | 2.78 | ||
| EV/EBITDA | 9.72 |
EPS(TTM)1.65
EY3.58%
EPS(NY)2.37
Fwd EY5.13%
FCF(TTM)0.55
FCFY1.18%
OCF(TTM)3.79
OCFY8.22%
SpS61.84
BVpS16.79
TBVpS16.58
PEG (NY)0.59
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 6.04% | ||
| ROCE | 4.51% | ||
| ROIC | 3.56% | ||
| ROICexc | 3.64% | ||
| ROICexgc | 3.66% | ||
| OM | 2.82% | ||
| PM (TTM) | 1.64% | ||
| GM | 37.97% | ||
| FCFM | 0.88% |
ROA(3y)1.28%
ROA(5y)-0.39%
ROE(3y)3.69%
ROE(5y)-1.94%
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 3YN/A
ROICexcg growth 5Y-5.99%
ROICexc growth 3YN/A
ROICexc growth 5Y-6%
OM growth 3YN/A
OM growth 5Y-10.42%
PM growth 3YN/A
PM growth 5Y-20.58%
GM growth 3Y0.99%
GM growth 5Y-0.21%
F-Score7
Asset Turnover1.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 7.09 | ||
| Debt/EBITDA | 0.77 | ||
| Cap/Depr | 98.02% | ||
| Cap/Sales | 5.24% | ||
| Interest Coverage | 8.83 | ||
| Cash Conversion | 74.97% | ||
| Profit Quality | 53.71% | ||
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | 2.7 |
F-Score7
WACC8.77%
ROIC/WACC0.41
Cap/Depr(3y)118.9%
Cap/Depr(5y)94.78%
Cap/Sales(3y)6.4%
Cap/Sales(5y)5.73%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65%
EPS 3YN/A
EPS 5Y-6.78%
EPS Q2Q%84.37%
EPS Next Y47.55%
EPS Next 2Y30.95%
EPS Next 3Y26.28%
EPS Next 5YN/A
Revenue 1Y (TTM)2.91%
Revenue growth 3Y7.68%
Revenue growth 5Y3.16%
Sales Q2Q%3.15%
Revenue Next Year3.99%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.51%
EBIT growth 1Y47.92%
EBIT growth 3YN/A
EBIT growth 5Y-7.58%
EBIT Next Year382.66%
EBIT Next 3Y76.83%
EBIT Next 5YN/A
FCF growth 1Y208.67%
FCF growth 3Y3.6%
FCF growth 5Y-6.18%
OCF growth 1Y1.65%
OCF growth 3Y16.42%
OCF growth 5Y-2.64%