Noodles Stock Fair Value – NOODLES Reports 4.5% Decrease in Revenue for 2nd Quarter of FY2023
August 12, 2023
🌥️Earnings Overview
Noodles ($NASDAQ:NDLS) reported total revenue of USD125.2 million for the second quarter of FY2023 ending June 30 2023, a decrease of 4.5% from the same time in FY2022. Net income for the quarter was -USD1.3 million, a decline from the previous year’s net income of USD1.3 million.
Analysis – Noodles Stock Fair Value
GoodWhale has conducted an analysis of NOODLES‘s wellbeing and found that its intrinsic value is around $8.6, as calculated by our proprietary Valuation Line. The current trading price of NOODLES stock is $3.3, which represents a significant discount of 61.6% from the intrinsic value. This means that the stock is currently undervalued and presents an excellent buying opportunity for investors. Moreover, given the company’s strong fundamentals, we are confident that the stock will eventually reach its intrinsic value in the near future. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Noodles. NOODLES_Reports_4.5_Decrease_in_Revenue_for_2nd_Quarter_of_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 517.08 | -2.65 | 0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Noodles. NOODLES_Reports_4.5_Decrease_in_Revenue_for_2nd_Quarter_of_FY2023″>More…
| Operations | Investing | Financing |
| 22.84 | -32.31 | 22.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Noodles. NOODLES_Reports_4.5_Decrease_in_Revenue_for_2nd_Quarter_of_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 357.57 | 321.49 | 0.78 |
Key Ratios Snapshot
Some of the financial key ratios for Noodles are shown below. NOODLES_Reports_4.5_Decrease_in_Revenue_for_2nd_Quarter_of_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.8% | -26.1% | 0.2% |
| FCF Margin | ROE | ROA |
| -2.5% | 1.5% | 0.1% |
Peers
The company was founded in 1995 and is headquartered in Broomfield, Colorado. Noodles & Co has over 500 locations in the United States and Canada. The company offers a variety of noodle and pasta dishes, as well as salads and sandwiches. Noodles & Co competes with Cordia Corp, PT Indo Boga Sukses Tbk, and Williston Holding Co.
– Cordia Corp ($OTCPK:CORG)
Cordia Corporation is a publicly traded company with a market capitalization of $725.5 million as of 2022. The company’s return on equity, a measure of profitability, was 66.16% for the same period. Cordia Corporation is engaged in the development and commercialization of pharmaceutical products. The company’s products include treatments for cardiovascular and central nervous system diseases, as well as cancer.
– PT Indo Boga Sukses Tbk ($IDX:IBOS)
Williston Holding Co is a publicly traded company with a market capitalization of 401.76 thousand dollars as of 2022. The company has a return on equity of 7.94%. Williston Holding Company is engaged in the business of oil and gas exploration, production, and development. The company was founded in 1954 and is headquartered in Williston, North Dakota.
Summary
Net income for the quarter was reported as a loss of USD 1.3 million, a considerable swing from the 1.3 million profit in the same quarter of FY2022. Investors may want to consider these results and analyze the performance of the company in comparison to its competitors over the past year before making any decisions.
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