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CARROLS RESTAURANT GROUP INC (TAST) Stock Fundamental Analysis

NASDAQ:TAST - Nasdaq - US14574X1046 - Common Stock - Currency: USD

9.54  -0.01 (-0.1%)

After market: 9.56 +0.02 (+0.21%)

Fundamental Rating

4

TAST gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 134 industry peers in the Hotels, Restaurants & Leisure industry. TAST has a medium profitability rating, but doesn't score so well on its financial health evaluation. TAST is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year TAST was profitable.
In the past year TAST had a positive cash flow from operations.
TAST had negative earnings in 4 of the past 5 years.
Each year in the past 5 years TAST had a positive operating cash flow.
TAST Yearly Net Income VS EBIT VS OCF VS FCFTAST 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 0 50M -50M 100M

1.2 Ratios

TAST's Return On Assets of 2.13% is in line compared to the rest of the industry. TAST outperforms 47.76% of its industry peers.
With a decent Return On Equity value of 18.29%, TAST is doing good in the industry, outperforming 71.64% of the companies in the same industry.
TAST has a Return On Invested Capital (4.42%) which is in line with its industry peers.
Industry RankSector Rank
ROA 2.13%
ROE 18.29%
ROIC 4.42%
ROA(3y)-1.71%
ROA(5y)-1.73%
ROE(3y)-17.32%
ROE(5y)-14.63%
ROIC(3y)N/A
ROIC(5y)N/A
TAST Yearly ROA, ROE, ROICTAST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 -40

1.3 Margins

With a Profit Margin value of 1.81%, TAST is not doing good in the industry: 60.45% of the companies in the same industry are doing better.
TAST's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 3.70%, TAST is not doing good in the industry: 67.16% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of TAST has grown nicely.
TAST has a Gross Margin of 39.74%. This is in the lower half of the industry: TAST underperforms 65.67% of its industry peers.
In the last couple of years the Gross Margin of TAST has remained more or less at the same level.
Industry RankSector Rank
OM 3.7%
PM (TTM) 1.81%
GM 39.74%
OM growth 3Y49.37%
OM growth 5Y2.77%
PM growth 3YN/A
PM growth 5Y21.87%
GM growth 3Y1.02%
GM growth 5Y-0.06%
TAST Yearly Profit, Operating, Gross MarginsTAST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40

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2

2. Health

2.1 Basic Checks

TAST 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 TAST has been increased compared to 1 year ago.
Compared to 5 years ago, TAST has more shares outstanding
TAST has a better debt/assets ratio than last year.
TAST Yearly Shares OutstandingTAST Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
TAST Yearly Total Debt VS Total AssetsTAST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

TAST has an Altman-Z score of 1.38. This is a bad value and indicates that TAST is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.38, TAST perfoms like the industry average, outperforming 44.03% of the companies in the same industry.
The Debt to FCF ratio of TAST is 5.07, which is a neutral value as it means it would take TAST, 5.07 years of fcf income to pay off all of its debts.
TAST's Debt to FCF ratio of 5.07 is fine compared to the rest of the industry. TAST outperforms 73.88% of its industry peers.
A Debt/Equity ratio of 2.28 is on the high side and indicates that TAST has dependencies on debt financing.
TAST has a Debt to Equity ratio (2.28) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 2.28
Debt/FCF 5.07
Altman-Z 1.38
ROIC/WACC0.49
WACC8.98%
TAST Yearly LT Debt VS Equity VS FCFTAST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 0.49 indicates that TAST may have some problems paying its short term obligations.
TAST has a Current ratio of 0.49. This is in the lower half of the industry: TAST underperforms 76.87% of its industry peers.
A Quick Ratio of 0.41 indicates that TAST may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.41, TAST is doing worse than 79.85% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.41
TAST Yearly Current Assets VS Current LiabilitesTAST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 173.24% over the past year.
Measured over the past years, TAST shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.18% on average per year.
TAST shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.44%.
TAST shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.73% yearly.
EPS 1Y (TTM)173.24%
EPS 3YN/A
EPS 5Y13.18%
EPS Q2Q%280%
Revenue 1Y (TTM)8.44%
Revenue growth 3Y6.64%
Revenue growth 5Y9.73%
Sales Q2Q%5.67%

3.2 Future

Based on estimates for the next years, TAST will show a small growth in Earnings Per Share. The EPS will grow by 4.34% on average per year.
TAST is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.38% yearly.
EPS Next Y10.83%
EPS Next 2Y4.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.76%
Revenue Next 2Y2.88%
Revenue Next 3Y-0.54%
Revenue Next 5Y1.38%

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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TAST Yearly Revenue VS EstimatesTAST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
TAST Yearly EPS VS EstimatesTAST Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 -0.5

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 18.35, which indicates a rather expensive current valuation of TAST.
Based on the Price/Earnings ratio, TAST is valued a bit cheaper than the industry average as 67.16% of the companies are valued more expensively.
TAST is valuated rather cheaply when we compare the Price/Earnings ratio to 26.35, which is the current average of the S&P500 Index.
TAST is valuated correctly with a Price/Forward Earnings ratio of 16.55.
Based on the Price/Forward Earnings ratio, TAST is valued a bit cheaper than the industry average as 61.19% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, TAST is valued a bit cheaper.
Industry RankSector Rank
PE 18.35
Fwd PE 16.55
TAST Price Earnings VS Forward Price EarningsTAST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, TAST is valued cheaper than 86.57% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TAST indicates a rather cheap valuation: TAST is cheaper than 96.27% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.2
EV/EBITDA 6.33
TAST Per share dataTAST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.69
PEG (5Y)1.39
EPS Next 2Y4.34%
EPS Next 3YN/A

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3

5. Dividend

5.1 Amount

TAST has a yearly dividend return of 0.84%, which is pretty low.
Compared to an average industry Dividend Yield of 3.56, TAST pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, TAST's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.84%

5.2 History

TAST has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years1
TAST Yearly Dividends per shareTAST Yearly Dividends per shareYearly Dividends per share 2021 2023 2024 0.1 0.2 0.3 0.4

5.3 Sustainability

TAST pays out 3.77% of its income as dividend. This is a sustainable payout ratio.
DP3.77%
EPS Next 2Y4.34%
EPS Next 3YN/A
TAST Yearly Income VS Free CF VS DividendTAST Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M
TAST Dividend Payout.TAST Dividend Payout, showing the Payout Ratio.TAST Dividend Payout.PayoutRetained Earnings

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CARROLS RESTAURANT GROUP INC

NASDAQ:TAST (5/15/2024, 8:11:18 PM)

After market: 9.56 +0.02 (+0.21%)

9.54

-0.01 (-0.1%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)05-09 2024-05-09/amc
Earnings (Next)08-08 2024-08-08/amc
Inst Owners5.14%
Inst Owner Change0%
Ins Owners5.93%
Ins Owner Change0%
Market Cap524.03M
Analysts45.71
Price Target9.74 (2.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.84%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP3.77%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)147.43%
Min EPS beat(2)96.08%
Max EPS beat(2)198.79%
EPS beat(4)4
Avg EPS beat(4)451.87%
Min EPS beat(4)96.08%
Max EPS beat(4)1412.61%
EPS beat(8)7
Avg EPS beat(8)235.05%
EPS beat(12)9
Avg EPS beat(12)154.44%
EPS beat(16)10
Avg EPS beat(16)212.27%
Revenue beat(2)0
Avg Revenue beat(2)-1.25%
Min Revenue beat(2)-1.97%
Max Revenue beat(2)-0.53%
Revenue beat(4)2
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)3.07%
Revenue beat(8)2
Avg Revenue beat(8)-0.59%
Revenue beat(12)3
Avg Revenue beat(12)-0.52%
Revenue beat(16)3
Avg Revenue beat(16)-0.93%
PT rev (1m)-7.06%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)0%
EPS NY rev (3m)5.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.61%
Valuation
Industry RankSector Rank
PE 18.35
Fwd PE 16.55
P/S 0.28
P/FCF 6.2
P/OCF 3.77
P/B 2.83
P/tB N/A
EV/EBITDA 6.33
EPS(TTM)0.52
EY5.45%
EPS(NY)0.58
Fwd EY6.04%
FCF(TTM)1.54
FCFY16.14%
OCF(TTM)2.53
OCFY26.55%
SpS34.16
BVpS3.37
TBVpS-4.5
PEG (NY)1.69
PEG (5Y)1.39
Profitability
Industry RankSector Rank
ROA 2.13%
ROE 18.29%
ROCE 5.01%
ROIC 4.42%
ROICexc 4.57%
ROICexgc 6.74%
OM 3.7%
PM (TTM) 1.81%
GM 39.74%
FCFM 4.51%
ROA(3y)-1.71%
ROA(5y)-1.73%
ROE(3y)-17.32%
ROE(5y)-14.63%
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
ROICexcg growth 3Y66.87%
ROICexcg growth 5Y-11.6%
ROICexc growth 3Y66.57%
ROICexc growth 5Y-6.92%
OM growth 3Y49.37%
OM growth 5Y2.77%
PM growth 3YN/A
PM growth 5Y21.87%
GM growth 3Y1.02%
GM growth 5Y-0.06%
F-Score9
Asset Turnover1.18
Health
Industry RankSector Rank
Debt/Equity 2.28
Debt/FCF 5.07
Debt/EBITDA 2.94
Cap/Depr 73.57%
Cap/Sales 2.91%
Interest Coverage 2.31
Cash Conversion 96.88%
Profit Quality 249.68%
Current Ratio 0.49
Quick Ratio 0.41
Altman-Z 1.38
F-Score9
WACC8.98%
ROIC/WACC0.49
Cap/Depr(3y)62.2%
Cap/Depr(5y)90.23%
Cap/Sales(3y)2.75%
Cap/Sales(5y)4.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)173.24%
EPS 3YN/A
EPS 5Y13.18%
EPS Q2Q%280%
EPS Next Y10.83%
EPS Next 2Y4.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.44%
Revenue growth 3Y6.64%
Revenue growth 5Y9.73%
Sales Q2Q%5.67%
Revenue Next Year3.76%
Revenue Next 2Y2.88%
Revenue Next 3Y-0.54%
Revenue Next 5Y1.38%
EBIT growth 1Y381.22%
EBIT growth 3Y59.29%
EBIT growth 5Y12.78%
EBIT Next Year121.36%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y586.12%
FCF growth 3Y21.64%
FCF growth 5Y75.37%
OCF growth 1Y568.98%
OCF growth 3Y10.23%
OCF growth 5Y11.48%