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Jack in the Box Inc. (NASDAQ: JACK), a Delaware corporation (the Company or Jack in the Box ), founded and headquartered in San Diego, California, is a restaurant company that operates and franchises Jack in the Box , one of the nation's largest hamburger chains with 2,136 restaurants across 22 states, and Del Taco , one of the nation s largest Mexican-American quick service restaurants ( QSR )…
$12.71
$1.20 (-8.63%)
Price from 43 days ago
The business is unprofitable at the operating level (-1.23% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 6.7% YoY. Margins deteriorated 6.5pp alongside, both lines moving the wrong way.
ROIC dropped from 1.58% to -0.45%, capital efficiency is deteriorating. Net debt of $3.07B represents 41.4x FCF, leverage limits flexibility.
6.8x earnings, 8.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.43B
▼ -6.7% YoY
Net Income (TTM)
$36M
▼ -120.0% YoY
Op. Margin
-3.82%
▼ -6.5pp YoY
ROIC
-1.49%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$28M
▲ +431.5% YoY
Op. Cash Flow (TTM)
$111M
▲ +135.9% YoY
Net Debt
$2.60B
Cash & Equiv.
$43M
5Y CAGR: +7.5%
5Y CAGR: -9.8%
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