CRACKER BARREL OLD COUNTRY (CBRL) Stock Fundamental Analysis
NASDAQ:CBRL - Nasdaq - US22410J1060 - Common Stock - Currency: USD
Taking everything into account, CBRL scores 3 out of 10 in our fundamental rating. CBRL was compared to 132 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 expensive and 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.
Of the past 5 years CBRL 4 years were profitable.
CBRL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CBRL has a Return On Assets (2.70%) which is in line with its industry peers.
CBRL has a better Return On Equity (12.31%) than 72.59% of its industry peers.
CBRL has a worse Return On Invested Capital (3.55%) than 62.96% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CBRL is significantly below the industry average of 13.91%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 12.31% | ||
| ROIC | 3.55% |
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
The Profit Margin of CBRL (1.65%) is comparable to the rest of the industry.
CBRL's Profit Margin has declined in the last couple of years.
The Operating Margin of CBRL (2.20%) is worse than 73.33% of its industry peers.
CBRL's Operating Margin has declined in the last couple of years.
CBRL has a Gross Margin of 69.00%. This is amongst the best in the industry. CBRL outperforms 82.22% 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 | 2.2% | ||
| PM (TTM) | 1.65% | ||
| GM | 69% |
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
CBRL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CBRL has been increased compared to 1 year ago.
Compared to 5 years ago, CBRL has less shares outstanding
Compared to 1 year ago, CBRL has a worse debt to assets ratio.
2.2 Solvency
CBRL has an Altman-Z score of 2.51. This is not the best score and indicates that CBRL is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of CBRL (2.51) is better than 65.93% of its industry peers.
CBRL has a debt to FCF ratio of 19.53. This is a negative value and a sign of low solvency as CBRL would need 19.53 years to pay back of all of its debts.
CBRL has a Debt to FCF ratio (19.53) which is in line with its industry peers.
CBRL has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of CBRL (1.04) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 19.53 | ||
| Altman-Z | 2.51 |
ROIC/WACC0.4
WACC8.78%
2.3 Liquidity
CBRL has a Current Ratio of 0.65. This is a bad value and indicates that CBRL is not financially healthy enough and could expect problems in meeting its short term obligations.
CBRL's Current ratio of 0.65 is on the low side compared to the rest of the industry. CBRL is outperformed by 63.70% of its industry peers.
A Quick Ratio of 0.26 indicates that CBRL may have some problems paying its short term obligations.
CBRL has a worse Quick ratio (0.26) than 90.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
CBRL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.49%.
CBRL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.60% yearly.
The Revenue has been growing slightly by 2.84% in the past year.
Measured over the past years, CBRL shows a small growth in Revenue. The Revenue has been growing by 2.47% on average per year.
EPS 1Y (TTM)-25.49%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%-34.09%
Revenue 1Y (TTM)2.84%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%0.49%
3.2 Future
The Earnings Per Share is expected to grow by 1.62% on average over the next years.
CBRL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.81% yearly.
EPS Next Y-14.01%
EPS Next 2Y-4.39%
EPS Next 3Y1.62%
EPS Next 5YN/A
Revenue Next Year-0.17%
Revenue Next 2Y0.76%
Revenue Next 3Y0.81%
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 19.85, which indicates a rather expensive current valuation of CBRL.
Based on the Price/Earnings ratio, CBRL is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.41, CBRL is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 19.68, the valuation of CBRL can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CBRL is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of CBRL to the average of the S&P500 Index (35.19), we can say CBRL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.85 | ||
| Fwd PE | 19.68 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBRL is valued a bit cheaper than the industry average as 68.89% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as CBRL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 59.79 | ||
| EV/EBITDA | 10.07 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.39%
EPS Next 3Y1.62%
5. Dividend
5.1 Amount
CBRL has a Yearly Dividend Yield of 1.46%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.47, CBRL pays a bit more dividend than its industry peers.
CBRL's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.46% |
5.2 History
The dividend of CBRL decreases each year by -8.25%.
CBRL has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-8.25%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CBRL pays out 80.31% of its income as dividend. This is not a sustainable payout ratio.
DP80.31%
EPS Next 2Y-4.39%
EPS Next 3Y1.62%
67.28
-1.05 (-1.54%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners106.01%
Inst Owner Change0%
Ins Owners0.64%
Ins Owner Change12.09%
Market Cap1.50B
Analysts50.67
Price Target54.93 (-18.36%)
Short Float %19.31%
Short Ratio3.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.46% |
Yearly Dividend5.23
Dividend Growth(5Y)-8.25%
DP80.31%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)58.03%
Min EPS beat(2)24.7%
Max EPS beat(2)91.37%
EPS beat(4)3
Avg EPS beat(4)33.14%
Min EPS beat(4)-12.74%
Max EPS beat(4)91.37%
EPS beat(8)5
Avg EPS beat(8)17.28%
EPS beat(12)7
Avg EPS beat(12)10.41%
EPS beat(16)8
Avg EPS beat(16)7.26%
Revenue beat(2)0
Avg Revenue beat(2)-1.84%
Min Revenue beat(2)-2.34%
Max Revenue beat(2)-1.35%
Revenue beat(4)1
Avg Revenue beat(4)-1.42%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)0.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.61%
Revenue beat(12)1
Avg Revenue beat(12)-1.73%
Revenue beat(16)1
Avg Revenue beat(16)-1.87%
PT rev (1m)13.21%
PT rev (3m)13.9%
EPS NQ rev (1m)3.32%
EPS NQ rev (3m)6.52%
EPS NY rev (1m)14.06%
EPS NY rev (3m)13.93%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)0.64%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.85 | ||
| Fwd PE | 19.68 | ||
| P/S | 0.43 | ||
| P/FCF | 59.79 | ||
| P/OCF | 8.05 | ||
| P/B | 3.19 | ||
| P/tB | 3.37 | ||
| EV/EBITDA | 10.07 |
EPS(TTM)3.39
EY5.04%
EPS(NY)3.42
Fwd EY5.08%
FCF(TTM)1.13
FCFY1.67%
OCF(TTM)8.36
OCFY12.43%
SpS157.61
BVpS21.07
TBVpS19.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 12.31% | ||
| ROCE | 4.5% | ||
| ROIC | 3.55% | ||
| ROICexc | 3.57% | ||
| ROICexgc | 3.62% | ||
| OM | 2.2% | ||
| PM (TTM) | 1.65% | ||
| GM | 69% | ||
| FCFM | 0.71% |
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 Turnover1.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 19.53 | ||
| Debt/EBITDA | 2.49 | ||
| Cap/Depr | 135.01% | ||
| Cap/Sales | 4.59% | ||
| Interest Coverage | 3.91 | ||
| Cash Conversion | 94.76% | ||
| Profit Quality | 43.38% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.26 | ||
| Altman-Z | 2.51 |
F-Score6
WACC8.78%
ROIC/WACC0.4
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)-25.49%
EPS 3Y-10.11%
EPS 5Y-16.6%
EPS Q2Q%-34.09%
EPS Next Y-14.01%
EPS Next 2Y-4.39%
EPS Next 3Y1.62%
EPS Next 5YN/A
Revenue 1Y (TTM)2.84%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%0.49%
Revenue Next Year-0.17%
Revenue Next 2Y0.76%
Revenue Next 3Y0.81%
Revenue Next 5YN/A
EBIT growth 1Y-16.05%
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-79.82%
FCF growth 3Y-43.9%
FCF growth 5Y-28.94%
OCF growth 1Y-25.56%
OCF growth 3Y-17.59%
OCF growth 5Y-14.17%