BJ'S RESTAURANTS INC (BJRI) Stock Fundamental Analysis
NASDAQ:BJRI - Nasdaq - US09180C1062 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to BJRI. BJRI was compared to 131 industry peers in the Hotels, Restaurants & Leisure industry. The financial health of BJRI is average, but there are quite some concerns on its profitability. BJRI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BJRI had positive earnings in the past year.
In the past year BJRI had a positive cash flow from operations.
In multiple years BJRI reported negative net income over the last 5 years.
Each year in the past 5 years BJRI had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 2.20%, BJRI perfoms like the industry average, outperforming 48.85% of the companies in the same industry.
Looking at the Return On Equity, with a value of 6.04%, BJRI is in the better half of the industry, outperforming 61.07% of the companies in the same industry.
The Return On Invested Capital of BJRI (3.56%) is worse than 61.83% of its industry peers.
| 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
The Profit Margin of BJRI (1.64%) is comparable to the rest of the industry.
BJRI's Profit Margin has declined in the last couple of years.
The Operating Margin of BJRI (2.82%) is worse than 71.76% of its industry peers.
In the last couple of years the Operating Margin of BJRI has declined.
BJRI's Gross Margin of 37.97% is on the low side compared to the rest of the industry. BJRI is outperformed by 66.41% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BJRI is destroying value.
BJRI has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BJRI has more shares outstanding
BJRI has a better debt/assets ratio than last year.
2.2 Solvency
BJRI has an Altman-Z score of 2.48. This is not the best score and indicates that BJRI is in the grey zone with still only limited risk for bankruptcy at the moment.
BJRI's Altman-Z score of 2.48 is fine compared to the rest of the industry. BJRI outperforms 64.12% 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.
BJRI has a better Debt to FCF ratio (7.09) than 73.28% of its industry peers.
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 75.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 7.09 | ||
| Altman-Z | 2.48 |
ROIC/WACC0.41
WACC8.59%
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 83.21% of its industry peers.
A Quick Ratio of 0.31 indicates that BJRI may have some problems paying its short term obligations.
The Quick ratio of BJRI (0.31) is worse than 80.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 55.74% over the past year.
BJRI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.78% yearly.
BJRI shows a small growth in Revenue. In the last year, the Revenue has grown by 1.81%.
Measured over the past years, BJRI shows a small growth in Revenue. The Revenue has been growing by 3.16% on average per year.
EPS 1Y (TTM)55.74%
EPS 3YN/A
EPS 5Y-6.78%
EPS Q2Q%34.72%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y7.68%
Revenue growth 5Y3.16%
Sales Q2Q%4.48%
3.2 Future
BJRI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.28% yearly.
BJRI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.51% yearly.
EPS Next Y47.55%
EPS Next 2Y30.95%
EPS Next 3Y26.28%
EPS Next 5YN/A
Revenue Next Year4.07%
Revenue Next 2Y3.5%
Revenue Next 3Y3.66%
Revenue Next 5Y4.51%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.98 indicates a rather expensive valuation of BJRI.
74.05% of the companies in the same industry are more expensive than BJRI, based on the Price/Earnings ratio.
BJRI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.82.
With a Price/Forward Earnings ratio of 14.44, BJRI is valued correctly.
BJRI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BJRI is cheaper than 74.05% of the companies in the same industry.
BJRI is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.98 | ||
| Fwd PE | 14.44 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BJRI indicates a rather cheap valuation: BJRI is cheaper than 84.73% of the companies listed in the same industry.
BJRI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.66 | ||
| EV/EBITDA | 7.61 |
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.
BJRI's earnings are expected to grow with 26.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.38
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 |
34.17
-1.26 (-3.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners97.22%
Inst Owner Change0.25%
Ins Owners1.34%
Ins Owner Change-15.28%
Market Cap755.84M
Analysts53.85
Price Target40.6 (18.82%)
Short Float %8.23%
Short Ratio3.36
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)0%
PT rev (3m)-3.93%
EPS NQ rev (1m)3.55%
EPS NQ rev (3m)8.52%
EPS NY rev (1m)0%
EPS NY rev (3m)18.34%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.98 | ||
| Fwd PE | 14.44 | ||
| P/S | 0.55 | ||
| P/FCF | 62.66 | ||
| P/OCF | 9.02 | ||
| P/B | 2.03 | ||
| P/tB | 2.06 | ||
| EV/EBITDA | 7.61 |
EPS(TTM)1.9
EY5.56%
EPS(NY)2.37
Fwd EY6.93%
FCF(TTM)0.55
FCFY1.6%
OCF(TTM)3.79
OCFY11.08%
SpS61.84
BVpS16.79
TBVpS16.58
PEG (NY)0.38
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 | 2.48 |
F-Score7
WACC8.59%
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)55.74%
EPS 3YN/A
EPS 5Y-6.78%
EPS Q2Q%34.72%
EPS Next Y47.55%
EPS Next 2Y30.95%
EPS Next 3Y26.28%
EPS Next 5YN/A
Revenue 1Y (TTM)1.81%
Revenue growth 3Y7.68%
Revenue growth 5Y3.16%
Sales Q2Q%4.48%
Revenue Next Year4.07%
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%