Carrols Restaurant Intrinsic Value Calculation – CARROLS RESTAURANT Reports 9.8% Increase in Revenue for Q2 of Fiscal Year 2023
August 27, 2023
☀️Earnings Overview
On August 10, 2023, CARROLS RESTAURANT ($NASDAQ:TAST) announced its financial results for the second quarter of the fiscal year 2023 (ending June 30, 2023), with total revenue of USD 485.2 million, representing an increase of 9.8% compared to the same period in the previous year. Net income was USD 15.0 million, representing a 156.5% growth year-over-year.
Analysis – Carrols Restaurant Intrinsic Value Calculation
GoodWhale has recently done an analysis of CARROLS RESTAURANT‘s wellbeing. According to our proprietary Valuation Line, the fair value of CARROLS RESTAURANT share is around $4.3. However, CARROLS RESTAURANT’s stock is currently traded at $7.0, indicating an overvaluation of 61.2%. This suggests that there is likely some speculation as to the future potential of the company. It would be prudent for potential investors to closely examine the company’s performance and potential before investing in the company’s stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carrols Restaurant. More…
| Total Revenues | Net Income | Net Margin |
| 1.82k | -15.02 | -0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carrols Restaurant. More…
| Operations | Investing | Financing |
| 96.33 | -28.89 | -34.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carrols Restaurant. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.6k | 1.44k | 3.26 |
Key Ratios Snapshot
Some of the financial key ratios for Carrols Restaurant are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | -20.6% | 1.8% |
| FCF Margin | ROE | ROA |
| 3.4% | 12.8% | 1.3% |
Peers
The company’s competitors include Star Buffet Inc, BBQ Holdings Inc, United & Collective Co Ltd. Carrols Restaurant Group Inc is the largest Burger King franchisee in the United States and operates the largest number of Popeyes restaurants in the world.
– Star Buffet Inc ($NASDAQ:BBQ)
As of 2022, BBQ Holdings Inc has a market cap of 185.5M and a ROE of 12.27%. The company operates and franchises several restaurant brands, including Baja Fresh Mexican Grill, Johnny Rockets, and Qdoba Mexican Eats. It also owns and operates several fast-casual restaurant concepts, including Chop’t Creative Salad Company, Freshii, and Smashburger.
– BBQ Holdings Inc ($TSE:3557)
United & Collective Co Ltd is a holding company that operates in the healthcare industry. The company has a market capitalization of 3.96 billion as of 2022 and a return on equity of -227.41%. The company’s main businesses include healthcare services, medical devices, and pharmaceuticals. United & Collective Co Ltd is headquartered in Beijing, China.
Summary
CARROLS RESTAURANT reported strong financial results for the second quarter of 2023, with total revenue of USD 485.2 million, representing a 9.8% year-over-year increase and net income of USD 15.0 million, a 156.5% uptick. Investors responded positively to the news, pushing CARROLS RESTAURANT’s stock price higher on the day. Going forward, investors should look at the company’s growth plans and financial strength to determine whether the stock is a sound investment. Analysts may also want to consider the competitive landscape and potential market headwinds before making an investment decision.
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