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NOODLES & CO (NDLS) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:NDLS - US65540B1052 - Common Stock

0.85 USD
+0.01 (+1.35%)
Last: 1/16/2026, 8:00:01 PM
0.85 USD
0 (0%)
After Hours: 1/16/2026, 8:00:01 PM
Fundamental Rating

1

NDLS gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 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 is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • NDLS had negative earnings in the past year.
  • In the past year NDLS has reported a negative cash flow from operations.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M -40M -60M

1.2 Ratios

  • NDLS has a Return On Assets of -16.20%. This is amonst the worse of the industry: NDLS underperforms 87.97% of its industry peers.
Industry RankSector Rank
ROA -16.2%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 400 600

1.3 Margins

  • NDLS's Gross Margin of 22.86% is on the low side compared to the rest of the industry. NDLS is outperformed by 81.20% of its industry peers.
  • NDLS's Gross Margin has declined in the last couple of years.
  • 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 22.86%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

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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.
  • The debt/assets ratio for NDLS is higher compared to a year ago.
NDLS Yearly Shares OutstandingNDLS Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • Based on the Altman-Z score of 0.43, we must say that NDLS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of NDLS (0.43) is worse than 77.44% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z 0.43
ROIC/WACCN/A
WACC9.05%
NDLS Yearly LT Debt VS Equity VS FCFNDLS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

  • NDLS has a Current Ratio of 0.34. This is a bad value and indicates that NDLS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.34, NDLS is not doing good in the industry: 87.97% of the companies in the same industry are doing better.
  • NDLS has a Quick Ratio of 0.34. This is a bad value and indicates that NDLS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.19, NDLS is doing worse than 90.98% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.19
NDLS Yearly Current Assets VS Current LiabilitesNDLS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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3. Growth

3.1 Past

  • The earnings per share for NDLS have decreased strongly by -54.05% in the last year.
  • NDLS shows a decrease in Revenue. In the last year, the revenue decreased by -0.35%.
  • Measured over the past years, NDLS shows a small growth in Revenue. The Revenue has been growing by 1.30% on average per year.
EPS 1Y (TTM)-54.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%16.67%
Revenue 1Y (TTM)-0.35%
Revenue growth 3Y1.25%
Revenue growth 5Y1.3%
Sales Q2Q%-0.54%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.47% on average over the next years.
  • The Revenue is expected to decrease by -2.45% on average over the next years.
EPS Next Y-20.13%
EPS Next 2Y3.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.05%
Revenue Next 2Y-2.45%
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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 -0.4

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4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for NDLS. In the last year negative earnings were reported.
  • Also next year NDLS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NDLS indicates a rather cheap valuation: NDLS is cheaper than 81.95% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.15
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 2Y3.47%
EPS Next 3YN/A

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5. Dividend

5.1 Amount

  • No dividends for NDLS!.
Industry RankSector Rank
Dividend Yield 0%

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NOODLES & CO

NASDAQ:NDLS (1/16/2026, 8:00:01 PM)

After market: 0.85 0 (0%)

0.85

+0.01 (+1.35%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)01-12
Earnings (Next)05-05
Inst Owners31.46%
Inst Owner Change0.14%
Ins Owners5.92%
Ins Owner Change1.94%
Market Cap39.75M
Revenue(TTM)494.09M
Net Income(TTM)-45.45M
Analysts43.33
Price Target1.79 (110.59%)
Short Float %3.04%
Short Ratio0.71
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)-64.33%
Min EPS beat(2)-135.29%
Max EPS beat(2)6.63%
EPS beat(4)1
Avg EPS beat(4)-61%
Min EPS beat(4)-135.29%
Max EPS beat(4)6.63%
EPS beat(8)3
Avg EPS beat(8)-112.91%
EPS beat(12)6
Avg EPS beat(12)-40.71%
EPS beat(16)7
Avg EPS beat(16)-42.41%
Revenue beat(2)0
Avg Revenue beat(2)-2.95%
Min Revenue beat(2)-5.82%
Max Revenue beat(2)-0.07%
Revenue beat(4)0
Avg Revenue beat(4)-2.41%
Min Revenue beat(4)-5.82%
Max Revenue beat(4)-0.07%
Revenue beat(8)0
Avg Revenue beat(8)-2.9%
Revenue beat(12)0
Avg Revenue beat(12)-3.14%
Revenue beat(16)0
Avg Revenue beat(16)-3.04%
PT rev (1m)0%
PT rev (3m)-12.5%
EPS NQ rev (1m)-36.84%
EPS NQ rev (3m)-23.81%
EPS NY rev (1m)4.5%
EPS NY rev (3m)-0.95%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)2.75%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)1.09%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.08
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA 8.15
EPS(TTM)-0.57
EYN/A
EPS(NY)-0.42
Fwd EYN/A
FCF(TTM)-0.33
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS10.56
BVpS-0.83
TBVpS-0.99
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.2%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 22.86%
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-Score4
Asset Turnover1.76
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 6.15
Cap/Depr 49.61%
Cap/Sales 2.8%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.34
Quick Ratio 0.19
Altman-Z 0.43
F-Score4
WACC9.05%
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)-54.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%16.67%
EPS Next Y-20.13%
EPS Next 2Y3.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.35%
Revenue growth 3Y1.25%
Revenue growth 5Y1.3%
Sales Q2Q%-0.54%
Revenue Next Year-0.05%
Revenue Next 2Y-2.45%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-47.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year328.84%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-105.6%
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 for 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.


How financially healthy is NOODLES & CO?

The financial health rating of NOODLES & CO (NDLS) is 0 / 10.