CRACKER BARREL OLD COUNTRY (CBRL) Stock Fundamental Analysis
USA - NASDAQ:CBRL - US22410J1060 - Common Stock
41.96 USD
-0.63 (-1.48%)
42.24 USD
+0.28 (+0.67%)
Taking everything into account, CBRL scores 4 out of 10 in our fundamental rating. CBRL was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. While CBRL is still in line with the averages on profitability rating, there are concerns on its financial health. CBRL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
CBRL had positive earnings in the past year.
In the past year CBRL had a positive cash flow from operations.
In the past 5 years CBRL has always been profitable.
Each year in the past 5 years CBRL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of CBRL (2.15%) is comparable to the rest of the industry.
With a decent Return On Equity value of 10.05%, CBRL is doing good in the industry, outperforming 67.41% of the companies in the same industry.
CBRL has a Return On Invested Capital (3.86%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for CBRL is significantly below the industry average of 15.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.15% | ||
| ROE | 10.05% | ||
| ROIC | 3.86% |
ROA(3y)2.83%
ROA(5y)4.98%
ROE(3y)13.27%
ROE(5y)20.79%
ROIC(3y)4.46%
ROIC(5y)5.25%
1.3 Margins
Looking at the Profit Margin, with a value of 1.33%, CBRL is doing worse than 60.74% of the companies in the same industry.
CBRL's Profit Margin has declined in the last couple of years.
The Operating Margin of CBRL (2.16%) is worse than 72.59% of its industry peers.
In the last couple of years the Operating Margin of CBRL has remained more or less at the same level.
CBRL has a better Gross Margin (68.97%) than 83.70% 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 | 2.16% | ||
| PM (TTM) | 1.33% | ||
| GM | 68.97% |
OM growth 3Y-22.79%
OM growth 5Y-1.08%
PM growth 3Y-30.9%
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y-0.03%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CBRL is destroying value.
Compared to 1 year ago, CBRL has more shares outstanding
CBRL has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CBRL has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.18 indicates that CBRL is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.18, CBRL is in line with its industry, outperforming 58.52% of the companies in the same industry.
The Debt to FCF ratio of CBRL is 8.11, which is on the high side as it means it would take CBRL, 8.11 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 8.11, CBRL is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that CBRL is somewhat dependend on debt financing.
CBRL's Debt to Equity ratio of 0.73 is fine compared to the rest of the industry. CBRL outperforms 64.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 8.11 | ||
| Altman-Z | 2.18 |
ROIC/WACC0.54
WACC7.21%
2.3 Liquidity
A Current Ratio of 0.50 indicates that CBRL may have some problems paying its short term obligations.
CBRL has a Current ratio of 0.50. This is in the lower half of the industry: CBRL underperforms 74.81% of its industry peers.
CBRL has a Quick Ratio of 0.50. This is a bad value and indicates that CBRL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.21, CBRL is not doing good in the industry: 92.59% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.21 |
3. Growth
3.1 Past
The earnings per share for CBRL have decreased strongly by -15.78% in the last year.
CBRL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.47% yearly.
The Revenue has been growing slightly by 0.37% in the past year.
Measured over the past years, CBRL shows a small growth in Revenue. The Revenue has been growing by 6.67% on average per year.
EPS 1Y (TTM)-15.78%
EPS 3Y-19.73%
EPS 5Y11.47%
EPS Q2Q%-24.49%
Revenue 1Y (TTM)0.37%
Revenue growth 3Y2.16%
Revenue growth 5Y6.67%
Sales Q2Q%-2.95%
3.2 Future
CBRL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.57% yearly.
The Revenue is expected to grow by 1.07% on average over the next years.
EPS Next Y-55.55%
EPS Next 2Y-6.97%
EPS Next 3Y-4.57%
EPS Next 5YN/A
Revenue Next Year-1.89%
Revenue Next 2Y0.61%
Revenue Next 3Y1.07%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.32, which indicates a correct valuation of CBRL.
Based on the Price/Earnings ratio, CBRL is valued cheaper than 84.44% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.91. CBRL is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 29.96, CBRL can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as CBRL.
The average S&P500 Price/Forward Earnings ratio is at 23.30. CBRL is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 29.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBRL is valued cheaply inside the industry as 84.44% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBRL indicates a rather cheap valuation: CBRL is cheaper than 81.48% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.64 | ||
| EV/EBITDA | 7.06 |
4.3 Compensation for Growth
CBRL's earnings are expected to decrease with -4.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.16
EPS Next 2Y-6.97%
EPS Next 3Y-4.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.26%, CBRL has a reasonable but not impressive dividend return.
In the last 3 months the price of CBRL has falen by -37.63%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 6.97, CBRL pays a better dividend. On top of this CBRL pays more dividend than 81.48% of the companies listed in the same industry.
CBRL's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
5.2 History
The dividend of CBRL decreases each year by -23.48%.
CBRL has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-23.48%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
49.80% of the earnings are spent on dividend by CBRL. This is a bit on the high side, but may be sustainable.
CBRL's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP49.8%
EPS Next 2Y-6.97%
EPS Next 3Y-4.57%
41.96
-0.63 (-1.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners116.96%
Inst Owner Change-0.01%
Ins Owners0.62%
Ins Owner Change10.07%
Market Cap934.45M
Analysts50.67
Price Target47.94 (14.25%)
Short Float %22.77%
Short Ratio3.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
Yearly Dividend1.04
Dividend Growth(5Y)-23.48%
DP49.8%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)41.2%
Min EPS beat(2)-8.97%
Max EPS beat(2)91.37%
EPS beat(4)3
Avg EPS beat(4)34.09%
Min EPS beat(4)-8.97%
Max EPS beat(4)91.37%
EPS beat(8)4
Avg EPS beat(8)15.03%
EPS beat(12)6
Avg EPS beat(12)8.7%
EPS beat(16)8
Avg EPS beat(16)7.03%
Revenue beat(2)0
Avg Revenue beat(2)-1.39%
Min Revenue beat(2)-2.34%
Max Revenue beat(2)-0.44%
Revenue beat(4)1
Avg Revenue beat(4)-0.97%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)0.26%
Revenue beat(8)1
Avg Revenue beat(8)-1.33%
Revenue beat(12)1
Avg Revenue beat(12)-1.54%
Revenue beat(16)1
Avg Revenue beat(16)-1.69%
PT rev (1m)-14.77%
PT rev (3m)-12.73%
EPS NQ rev (1m)-240.73%
EPS NQ rev (3m)-248.43%
EPS NY rev (1m)-58.9%
EPS NY rev (3m)-59.05%
Revenue NQ rev (1m)-4.95%
Revenue NQ rev (3m)-4.93%
Revenue NY rev (1m)-3.47%
Revenue NY rev (3m)-3.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.32 | ||
| Fwd PE | 29.96 | ||
| P/S | 0.27 | ||
| P/FCF | 15.64 | ||
| P/OCF | 4.27 | ||
| P/B | 2.02 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 7.06 |
EPS(TTM)3.15
EY7.51%
EPS(NY)1.4
Fwd EY3.34%
FCF(TTM)2.68
FCFY6.39%
OCF(TTM)9.83
OCFY23.43%
SpS156.43
BVpS20.73
TBVpS19.64
PEG (NY)N/A
PEG (5Y)1.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.15% | ||
| ROE | 10.05% | ||
| ROCE | 4.89% | ||
| ROIC | 3.86% | ||
| ROICexc | 3.96% | ||
| ROICexgc | 4.03% | ||
| OM | 2.16% | ||
| PM (TTM) | 1.33% | ||
| GM | 68.97% | ||
| FCFM | 1.72% |
ROA(3y)2.83%
ROA(5y)4.98%
ROE(3y)13.27%
ROE(5y)20.79%
ROIC(3y)4.46%
ROIC(5y)5.25%
ROICexc(3y)4.53%
ROICexc(5y)5.42%
ROICexgc(3y)4.6%
ROICexgc(5y)5.51%
ROCE(3y)5.64%
ROCE(5y)6.64%
ROICexcg growth 3Y-16.9%
ROICexcg growth 5Y7.69%
ROICexc growth 3Y-16.94%
ROICexc growth 5Y7.67%
OM growth 3Y-22.79%
OM growth 5Y-1.08%
PM growth 3Y-30.9%
PM growth 5YN/A
GM growth 3Y0.54%
GM growth 5Y-0.03%
F-Score7
Asset Turnover1.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 8.11 | ||
| Debt/EBITDA | 1.7 | ||
| Cap/Depr | 130.19% | ||
| Cap/Sales | 4.57% | ||
| Interest Coverage | 4.35 | ||
| Cash Conversion | 110.93% | ||
| Profit Quality | 128.84% | ||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.21 | ||
| Altman-Z | 2.18 |
F-Score7
WACC7.21%
ROIC/WACC0.54
Cap/Depr(3y)122.18%
Cap/Depr(5y)105.45%
Cap/Sales(3y)3.98%
Cap/Sales(5y)3.5%
Profit Quality(3y)117.63%
Profit Quality(5y)104.91%
High Growth Momentum
Growth
EPS 1Y (TTM)-15.78%
EPS 3Y-19.73%
EPS 5Y11.47%
EPS Q2Q%-24.49%
EPS Next Y-55.55%
EPS Next 2Y-6.97%
EPS Next 3Y-4.57%
EPS Next 5YN/A
Revenue 1Y (TTM)0.37%
Revenue growth 3Y2.16%
Revenue growth 5Y6.67%
Sales Q2Q%-2.95%
Revenue Next Year-1.89%
Revenue Next 2Y0.61%
Revenue Next 3Y1.07%
Revenue Next 5YN/A
EBIT growth 1Y3.21%
EBIT growth 3Y-21.12%
EBIT growth 5Y5.51%
EBIT Next Year93.36%
EBIT Next 3Y36.5%
EBIT Next 5YN/A
FCF growth 1Y46.87%
FCF growth 3Y-17.63%
FCF growth 5YN/A
OCF growth 1Y29.54%
OCF growth 3Y2.17%
OCF growth 5Y6.34%