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 134 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year CBRL was profitable.
In the past year CBRL had a positive cash flow from operations.
Of the past 5 years CBRL 4 years were profitable.
Each year in the past 5 years CBRL had a positive operating cash flow.
1.2 Ratios
CBRL has a Return On Assets of 2.70%. This is comparable to the rest of the industry: CBRL outperforms 53.73% of its industry peers.
Looking at the Return On Equity, with a value of 12.31%, CBRL is in the better half of the industry, outperforming 73.88% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.55%, CBRL is doing worse than 63.43% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CBRL is significantly below the industry average of 14.02%.
| 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
CBRL has a Profit Margin (1.65%) which 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 73.88% of its industry peers.
In the last couple of years the Operating Margin of CBRL has declined.
CBRL has a better Gross Margin (69.00%) than 82.84% 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.
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 2.39 indicates that CBRL is not a great score, but indicates only limited risk for bankruptcy at the moment.
CBRL has a better Altman-Z score (2.39) than 68.66% 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 of 19.53. This is comparable to the rest of the industry: CBRL outperforms 46.27% of its industry peers.
A Debt/Equity ratio of 1.04 is on the high side and indicates that CBRL has dependencies on debt financing.
The Debt to Equity ratio of CBRL (1.04) is better than 61.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 19.53 | ||
| Altman-Z | 2.39 |
ROIC/WACC0.48
WACC7.45%
2.3 Liquidity
A Current Ratio of 0.65 indicates that CBRL may have some problems paying 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 63.43% 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 Quick ratio of 0.26. This is amonst the worse of the industry: CBRL underperforms 87.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.26 |
3. Growth
3.1 Past
The earnings per share for CBRL have decreased strongly by -25.49% 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.
CBRL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.84%.
The Revenue has been growing slightly by 2.47% on average over the past years.
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
CBRL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.58% yearly.
The Revenue is expected to grow by 0.93% 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-0.2%
Revenue Next 2Y0.8%
Revenue Next 3Y0.93%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CBRL is valuated correctly with a Price/Earnings ratio of 15.36.
78.36% of the companies in the same industry are more expensive than CBRL, based on the Price/Earnings ratio.
CBRL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.32, which is the current average of the S&P500 Index.
CBRL is valuated rather expensively with a Price/Forward Earnings ratio of 17.07.
Based on the Price/Forward Earnings ratio, CBRL is valued a bit cheaper than the industry average as 64.18% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of CBRL to the average of the S&P500 Index (22.13), we can say CBRL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.36 | ||
| Fwd PE | 17.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CBRL indicates a somewhat cheap valuation: CBRL is cheaper than 75.37% of the companies listed in the same industry.
CBRL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 46.25 | ||
| EV/EBITDA | 8.34 |
4.3 Compensation for Growth
CBRL's earnings are expected to decrease with -3.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
5. Dividend
5.1 Amount
CBRL has a Yearly Dividend Yield of 1.82%.
Compared to an average industry Dividend Yield of 3.59, CBRL pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.40, CBRL is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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.
Dividend Growth(5Y)-8.25%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
80.31% of the earnings are spent on dividend by CBRL. This is not a sustainable payout ratio.
CBRL's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP80.31%
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
52.06
-2.99 (-5.43%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners106.01%
Inst Owner Change10.63%
Ins Owners0.64%
Ins Owner Change12.09%
Market Cap1.16B
Analysts50.67
Price Target48.52 (-6.8%)
Short Float %13.7%
Short Ratio3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
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)3.42%
PT rev (3m)-10.48%
EPS NQ rev (1m)3.09%
EPS NQ rev (3m)6.16%
EPS NY rev (1m)0%
EPS NY rev (3m)2.19%
Revenue NQ rev (1m)0.91%
Revenue NQ rev (3m)1.13%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.36 | ||
| Fwd PE | 17.07 | ||
| P/S | 0.33 | ||
| P/FCF | 46.25 | ||
| P/OCF | 6.22 | ||
| P/B | 2.47 | ||
| P/tB | 2.6 | ||
| EV/EBITDA | 8.34 |
EPS(TTM)3.39
EY6.51%
EPS(NY)3.05
Fwd EY5.86%
FCF(TTM)1.13
FCFY2.16%
OCF(TTM)8.36
OCFY16.07%
SpS157.68
BVpS21.08
TBVpS19.99
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 | 2.39 |
F-Score6
WACC7.45%
ROIC/WACC0.48
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-24.61%
EPS Next 2Y-9.69%
EPS Next 3Y-3.58%
EPS Next 5YN/A
Revenue 1Y (TTM)2.84%
Revenue growth 3Y7.15%
Revenue growth 5Y2.47%
Sales Q2Q%0.49%
Revenue Next Year-0.2%
Revenue Next 2Y0.8%
Revenue Next 3Y0.93%
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%