CRACKER BARREL OLD COUNTRY (CBRL) Stock Fundamental Analysis
NASDAQ:CBRL - Nasdaq - US22410J1060 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to CBRL. CBRL was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of CBRL while its profitability can be described as average. CBRL is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CBRL had positive earnings in the past year.
CBRL had a positive operating cash flow in the past year.
CBRL had positive earnings in 4 of the past 5 years.
Each year in the past 5 years CBRL had a positive operating cash flow.
1.2 Ratios
CBRL's Return On Assets of 1.67% is in line compared to the rest of the industry. CBRL outperforms 46.67% of its industry peers.
CBRL's Return On Equity of 7.81% is fine compared to the rest of the industry. CBRL outperforms 68.15% of its industry peers.
With a Return On Invested Capital value of 3.26%, CBRL is not doing good in the industry: 65.93% of the companies in the same industry are doing better.
CBRL had an Average Return On Invested Capital over the past 3 years of 5.42%. This is significantly below the industry average of 14.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.67% | ||
| ROE | 7.81% | ||
| ROIC | 3.26% |
ROA(3y)4.04%
ROA(5y)4.29%
ROE(3y)18.52%
ROE(5y)17.23%
ROIC(3y)5.42%
ROIC(5y)4.91%
1.3 Margins
With a Profit Margin value of 1.03%, CBRL is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of CBRL has declined.
The Operating Margin of CBRL (1.99%) is worse than 74.81% of its industry peers.
In the last couple of years the Operating Margin of CBRL has declined.
CBRL has a better Gross Margin (69.03%) than 80.74% of its industry peers.
In the last couple of years the Gross Margin of CBRL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.99% | ||
| PM (TTM) | 1.03% | ||
| GM | 69.03% |
OM growth 3Y-26.5%
OM growth 5Y-25.62%
PM growth 3Y-49.25%
PM growth 5Y-30.5%
GM growth 3Y-0.32%
GM growth 5Y-0.3%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CBRL is destroying value.
CBRL has more shares outstanding than it did 1 year ago.
CBRL has less shares outstanding than it did 5 years ago.
CBRL has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.38 indicates that CBRL is not a great score, but indicates only limited risk for bankruptcy at the moment.
CBRL's Altman-Z score of 2.38 is fine compared to the rest of the industry. CBRL outperforms 68.15% of its industry peers.
CBRL has a debt to FCF ratio of 10.06. This is a negative value and a sign of low solvency as CBRL would need 10.06 years to pay back of all of its debts.
CBRL has a Debt to FCF ratio (10.06) which is in line with its industry peers.
A Debt/Equity ratio of 1.02 is on the high side and indicates that CBRL has dependencies on debt financing.
The Debt to Equity ratio of CBRL (1.02) is better than 63.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 10.06 | ||
| Altman-Z | 2.38 |
ROIC/WACC0.39
WACC8.45%
2.3 Liquidity
A Current Ratio of 0.62 indicates that CBRL may have some problems paying its short term obligations.
CBRL's Current ratio of 0.62 is on the low side compared to the rest of the industry. CBRL is outperformed by 66.67% of its industry peers.
A Quick Ratio of 0.24 indicates that CBRL may have some problems paying its short term obligations.
CBRL's Quick ratio of 0.24 is on the low side compared to the rest of the industry. CBRL is outperformed by 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
The earnings per share for CBRL have decreased strongly by -24.39% in the last year.
Measured over the past years, CBRL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -16.60% on average per year.
The Revenue has been growing slightly by 2.26% in the past year.
CBRL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.47% yearly.
EPS 1Y (TTM)-24.39%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%0.73%
Revenue 1Y (TTM)2.26%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%1.5%
3.2 Future
The Earnings Per Share is expected to decrease by -3.58% on average over the next years.
The Revenue is expected to grow by 0.88% on average over the next years.
EPS Next Y-24.61%
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue Next Year-0.25%
Revenue Next 2Y0.77%
Revenue Next 3Y0.88%
Revenue Next 5YN/A
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.36, which indicates a correct valuation of CBRL.
Based on the Price/Earnings ratio, CBRL is valued cheaper than 80.74% of the companies in the same industry.
CBRL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.82.
The Price/Forward Earnings ratio is 18.59, which indicates a rather expensive current valuation of CBRL.
CBRL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CBRL is cheaper than 60.74% of the companies in the same industry.
CBRL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.36 | ||
| Fwd PE | 18.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBRL is valued a bit cheaper than the industry average as 70.37% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBRL indicates a somewhat cheap valuation: CBRL is cheaper than 63.70% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.92 | ||
| EV/EBITDA | 9.23 |
4.3 Compensation for Growth
A cheap valuation may be justified as CBRL's earnings are expected to decrease with -3.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.83%, CBRL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.73, CBRL pays a bit more dividend than its industry peers.
CBRL's Dividend Yield is slightly below the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
5.2 History
The dividend of CBRL decreases each year by -8.25%.
CBRL has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of CBRL decreased in the last 3 years.
Dividend Growth(5Y)-8.25%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
193.53% of the earnings are spent on dividend by CBRL. This is not a sustainable payout ratio.
The Dividend Rate of CBRL has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP193.53%
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
56.69
+0.76 (+1.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners98.97%
Inst Owner Change10.63%
Ins Owners0.63%
Ins Owner Change12.12%
Market Cap1.26B
Analysts50.67
Price Target46.92 (-17.23%)
Short Float %15.88%
Short Ratio3.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.83% |
Yearly Dividend5.23
Dividend Growth(5Y)-8.25%
DP193.53%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.97%
Min EPS beat(2)24.7%
Max EPS beat(2)29.25%
EPS beat(4)3
Avg EPS beat(4)17.98%
Min EPS beat(4)-12.74%
Max EPS beat(4)30.72%
EPS beat(8)4
Avg EPS beat(8)4.41%
EPS beat(12)6
Avg EPS beat(12)2.51%
EPS beat(16)8
Avg EPS beat(16)30.22%
Revenue beat(2)1
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-1.35%
Max Revenue beat(2)0.26%
Revenue beat(4)1
Avg Revenue beat(4)-1.44%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)0.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.75%
Revenue beat(12)1
Avg Revenue beat(12)-1.73%
Revenue beat(16)2
Avg Revenue beat(16)-1.43%
PT rev (1m)-2.72%
PT rev (3m)-13.44%
EPS NQ rev (1m)-3.93%
EPS NQ rev (3m)-36.97%
EPS NY rev (1m)-0.86%
EPS NY rev (3m)2.19%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)-0.85%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.36 | ||
| Fwd PE | 18.59 | ||
| P/S | 0.36 | ||
| P/FCF | 26.92 | ||
| P/OCF | 6.28 | ||
| P/B | 2.74 | ||
| P/tB | 2.89 | ||
| EV/EBITDA | 9.23 |
EPS(TTM)3.69
EY6.51%
EPS(NY)3.05
Fwd EY5.38%
FCF(TTM)2.11
FCFY3.72%
OCF(TTM)9.02
OCFY15.91%
SpS157.5
BVpS20.71
TBVpS19.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.67% | ||
| ROE | 7.81% | ||
| ROCE | 4.12% | ||
| ROIC | 3.26% | ||
| ROICexc | 3.28% | ||
| ROICexgc | 3.33% | ||
| OM | 1.99% | ||
| PM (TTM) | 1.03% | ||
| GM | 69.03% | ||
| FCFM | 1.34% |
ROA(3y)4.04%
ROA(5y)4.29%
ROE(3y)18.52%
ROE(5y)17.23%
ROIC(3y)5.42%
ROIC(5y)4.91%
ROICexc(3y)5.52%
ROICexc(5y)5.18%
ROICexgc(3y)5.6%
ROICexgc(5y)5.26%
ROCE(3y)6.86%
ROCE(5y)6.21%
ROICexcg growth 3Y-19.93%
ROICexcg growth 5Y-29.25%
ROICexc growth 3Y-19.93%
ROICexc growth 5Y-29.45%
OM growth 3Y-26.5%
OM growth 5Y-25.62%
PM growth 3Y-49.25%
PM growth 5Y-30.5%
GM growth 3Y-0.32%
GM growth 5Y-0.3%
F-Score6
Asset Turnover1.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 10.06 | ||
| Debt/EBITDA | 2.53 | ||
| Cap/Depr | 131.88% | ||
| Cap/Sales | 4.39% | ||
| Interest Coverage | 3.56 | ||
| Cash Conversion | 107.59% | ||
| Profit Quality | 130.26% | ||
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 2.38 |
F-Score6
WACC8.45%
ROIC/WACC0.39
Cap/Depr(3y)110.43%
Cap/Depr(5y)129.73%
Cap/Sales(3y)3.46%
Cap/Sales(5y)4.94%
Profit Quality(3y)101.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-24.39%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%0.73%
EPS Next Y-24.61%
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue 1Y (TTM)2.26%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%1.5%
Revenue Next Year-0.25%
Revenue Next 2Y0.77%
Revenue Next 3Y0.88%
Revenue Next 5YN/A
EBIT growth 1Y-38.77%
EBIT growth 3Y-21.24%
EBIT growth 5Y-23.78%
EBIT Next Year106.87%
EBIT Next 3Y33.89%
EBIT Next 5YN/A
FCF growth 1Y-42.48%
FCF growth 3Y-43.9%
FCF growth 5Y-28.94%
OCF growth 1Y1.27%
OCF growth 3Y-17.59%
OCF growth 5Y-14.17%