Cracker Barrel Old Country Store Inc.
Find Ratings ReportsCRACKER BARREL OLD CTRY STOR's gross profit margin for the second quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. CRACKER BARREL OLD CTRY STOR has very weak liquidity. Currently, the Quick Ratio is 0.12 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 5.04% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q2 FY24 | Q2 FY23 |
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Net Sales ($mil) | 935.4 | 933.87 |
EBITDA ($mil) | 65.81 | 64.54 |
EBIT ($mil) | 38.05 | 38.97 |
Net Income ($mil) | 26.53 | 30.49 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 12.6 | 49.4 |
Total Assets ($mil) | 2185.06 | 2256.71 |
Total Debt ($mil) | 1196.26 | 1215.42 |
Equity ($mil) | 461.97 | 486.49 |
Profitability | Q2 FY24 | Q2 FY23 |
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Gross Profit Margin | 11.87 | 11.79 |
EBITDA Margin | 7.03 | 6.91 |
Operating Margin | 4.07 | 4.17 |
Sales Turnover | 1.57 | 1.5 |
Return on Assets | 3.81 | 4.8 |
Return on Equity | 18.06 | 22.3 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 0.58 | 0.66 |
Debt/Capital | 0.72 | 0.71 |
Interest Expense | 5.07 | 4.41 |
Interest Coverage | 7.51 | 8.84 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 22.2 | 22.15 |
Div / share | 1.3 | 1.3 |
EPS | 1.19 | 1.37 |
Book value / share | 20.81 | 21.96 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 569177.0 | 584636.0 |
HOLD. The current P/E ratio indicates a significant discount compared to an average of 44.29 for the Food Services and Drinking Places subsector and a discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 3.25 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 13.92. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, CRACKER BARREL OLD CTRY STOR proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CBRL 18.02 | Peers 44.29 | CBRL 7.08 | Peers 24.08 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CBRL is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CBRL is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CBRL 13.57 | Peers 28.31 | CBRL 5.35 | Peers 3.38 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CBRL is trading at a significant discount to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CBRL trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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CBRL 3.25 | Peers 13.92 | CBRL -21.88 | Peers 40.00 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CBRL is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CBRL is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CBRL 0.44 | Peers 5.79 | CBRL 1.02 | Peers 10.97 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CBRL is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CBRL significantly trails its peers on the basis of sales growth. |
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