/
Description of the Business We are an international restaurant company that develops, owns and operates, manages, franchises and licenses upscale and polished casual, high-energy restaurants. The Company s primary restaurant brands are: STK, a modern twist on the American steakhouse concept featuring premium steaks, seafood and specialty cocktails in an energetic upscale atmosphere; Benihana, a…
Operating margin is thin at 0.99%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 19.7%, still solid.
Negative free cash flow of -$27M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$807M
▲ +19.7% YoY
Net Income (TTM)
-$90M
▼ -439.5% YoY
Op. Margin
0.99%
▼ -0.3pp YoY
ROIC
0.94%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$10M
▲ +0.3% YoY
Op. Cash Flow (TTM)
$43M
▼ -31.4% YoY
Net Debt
$638M
Cash & Equiv.
$6M
5Y CAGR: +41.5%
Continue Research