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NOODLES & CO (NDLS) Stock Fundamental Analysis

USA - NASDAQ:NDLS - US65540B1052 - Common Stock

0.7067 USD
-0.09 (-10.83%)
Last: 10/27/2025, 8:00:02 PM
0.7056 USD
0 (-0.16%)
Pre-Market: 10/28/2025, 7:34:07 AM
Fundamental Rating

1

Taking everything into account, NDLS scores 1 out of 10 in our fundamental rating. NDLS was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. NDLS may be in some trouble as it scores bad on both profitability and health. NDLS has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

NDLS had negative earnings in the past year.
NDLS had a negative operating cash flow in the past year.
NDLS had negative earnings in 4 of the past 5 years.
Each year in the past 5 years NDLS had a positive operating cash flow.
NDLS Yearly Net Income VS EBIT VS OCF VS FCFNDLS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M -60M

1.2 Ratios

With a Return On Assets value of -14.62%, NDLS is not doing good in the industry: 87.22% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -14.62%
ROE N/A
ROIC N/A
ROA(3y)-4.93%
ROA(5y)-4.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NDLS Yearly ROA, ROE, ROICNDLS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 400 600

1.3 Margins

NDLS has a Gross Margin of 22.88%. This is amonst the worse of the industry: NDLS underperforms 84.21% of its industry peers.
In the last couple of years the Gross Margin of NDLS has declined.
NDLS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 22.88%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.26%
GM growth 5Y-2.5%
NDLS Yearly Profit, Operating, Gross MarginsNDLS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

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0

2. Health

2.1 Basic Checks

NDLS does not have a ROIC to compare to the WACC, probably because it is not profitable.
NDLS has more shares outstanding than it did 1 year ago.
NDLS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NDLS has a worse debt to assets ratio.
NDLS Yearly Shares OutstandingNDLS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
NDLS Yearly Total Debt VS Total AssetsNDLS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

Based on the Altman-Z score of 0.42, we must say that NDLS is in the distress zone and has some risk of bankruptcy.
NDLS has a Altman-Z score of 0.42. This is in the lower half of the industry: NDLS underperforms 77.44% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z 0.42
ROIC/WACCN/A
WACC8.68%
NDLS Yearly LT Debt VS Equity VS FCFNDLS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 0.31 indicates that NDLS may have some problems paying its short term obligations.
The Current ratio of NDLS (0.31) is worse than 89.47% of its industry peers.
NDLS has a Quick Ratio of 0.31. This is a bad value and indicates that NDLS is not financially healthy enough and could expect problems in meeting its short term obligations.
NDLS's Quick ratio of 0.16 is on the low side compared to the rest of the industry. NDLS is outperformed by 96.99% of its industry peers.
Industry RankSector Rank
Current Ratio 0.31
Quick Ratio 0.16
NDLS Yearly Current Assets VS Current LiabilitesNDLS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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1

3. Growth

3.1 Past

The earnings per share for NDLS have decreased strongly by -180.95% in the last year.
Looking at the last year, NDLS shows a decrease in Revenue. The Revenue has decreased by -1.24% in the last year.
The Revenue has been growing slightly by 1.30% on average over the past years.
EPS 1Y (TTM)-180.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)-1.24%
Revenue growth 3Y1.25%
Revenue growth 5Y1.3%
Sales Q2Q%-0.72%

3.2 Future

NDLS is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.18% yearly.
Based on estimates for the next years, NDLS will show a decrease in Revenue. The Revenue will decrease by -2.53% on average per year.
EPS Next Y-19%
EPS Next 2Y6.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.13%
Revenue Next 2Y-2.53%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

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.
NDLS Yearly Revenue VS EstimatesNDLS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M 500M
NDLS Yearly EPS VS EstimatesNDLS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4 -0.4

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for NDLS. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for NDLS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
NDLS Price Earnings VS Forward Price EarningsNDLS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NDLS indicates a somewhat cheap valuation: NDLS is cheaper than 74.44% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.43
NDLS Per share dataNDLS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y6.18%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

NDLS does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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NOODLES & CO

NASDAQ:NDLS (10/27/2025, 8:00:02 PM)

Premarket: 0.7056 0 (-0.16%)

0.7067

-0.09 (-10.83%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)08-13 2025-08-13/amc
Earnings (Next)11-05 2025-11-05
Inst Owners33.15%
Inst Owner Change-0.03%
Ins Owners6.48%
Ins Owner Change6.01%
Market Cap32.82M
Revenue(TTM)494.75M
Net Income(TTM)-43057000
Analysts82.5
Price Target2.04 (188.67%)
Short Float %2.62%
Short Ratio0.99
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-115.69%
Min EPS beat(2)-135.29%
Max EPS beat(2)-96.08%
EPS beat(4)0
Avg EPS beat(4)-89.55%
Min EPS beat(4)-135.29%
Max EPS beat(4)-19.24%
EPS beat(8)3
Avg EPS beat(8)-52.22%
EPS beat(12)5
Avg EPS beat(12)-42.79%
EPS beat(16)7
Avg EPS beat(16)-40.75%
Revenue beat(2)0
Avg Revenue beat(2)-3.7%
Min Revenue beat(2)-5.82%
Max Revenue beat(2)-1.59%
Revenue beat(4)0
Avg Revenue beat(4)-3.48%
Min Revenue beat(4)-5.82%
Max Revenue beat(4)-1.59%
Revenue beat(8)0
Avg Revenue beat(8)-2.97%
Revenue beat(12)0
Avg Revenue beat(12)-3.15%
Revenue beat(16)0
Avg Revenue beat(16)-3.16%
PT rev (1m)0%
PT rev (3m)-29.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-75%
EPS NY rev (1m)0%
EPS NY rev (3m)-43.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.96%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.07
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA 8.43
EPS(TTM)-0.59
EYN/A
EPS(NY)-0.39
Fwd EYN/A
FCF(TTM)-0.39
FCFYN/A
OCF(TTM)-0.02
OCFYN/A
SpS10.65
BVpS-0.66
TBVpS-0.83
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -14.62%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 22.88%
FCFM N/A
ROA(3y)-4.93%
ROA(5y)-4.06%
ROE(3y)N/A
ROE(5y)N/A
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.26%
GM growth 5Y-2.5%
F-Score3
Asset Turnover1.68
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 6.55
Cap/Depr 60.43%
Cap/Sales 3.49%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.31
Quick Ratio 0.16
Altman-Z 0.42
F-Score3
WACC8.68%
ROIC/WACCN/A
Cap/Depr(3y)146.29%
Cap/Depr(5y)115.44%
Cap/Sales(3y)7.61%
Cap/Sales(5y)5.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-180.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y-19%
EPS Next 2Y6.18%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.24%
Revenue growth 3Y1.25%
Revenue growth 5Y1.3%
Sales Q2Q%-0.72%
Revenue Next Year-1.13%
Revenue Next 2Y-2.53%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3863.37%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year317.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y32.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-107.09%
OCF growth 3Y-40.65%
OCF growth 5Y-24.12%

NOODLES & CO / NDLS FAQ

What is the fundamental rating for NDLS stock?

ChartMill assigns a fundamental rating of 1 / 10 to NDLS.


What is the valuation status of NOODLES & CO (NDLS) stock?

ChartMill assigns a valuation rating of 1 / 10 to NOODLES & CO (NDLS). This can be considered as Overvalued.


How profitable is NOODLES & CO (NDLS) stock?

NOODLES & CO (NDLS) has a profitability rating of 1 / 10.


Can you provide the expected EPS growth for NDLS stock?

The Earnings per Share (EPS) of NOODLES & CO (NDLS) is expected to decline by -19% in the next year.