Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Revenue Multiple | 11.9x - 13.2x | 12.6x |
| Selected Fwd Revenue Multiple | 1.7x - 1.9x | 1.8x |
| Fair Value | $0 - $3.05 | $1.05 |
| Upside | -100.0% - 267.6% | 26.6% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| CAVA Group, Inc. | CAVA | NYSE:CAVA |
| El Pollo Loco Holdings, Inc. | LOCO | NasdaqGS:LOCO |
| Xponential Fitness, Inc. | XPOF | NYSE:XPOF |
| GEN Restaurant Group, Inc. | GENK | NasdaqGM:GENK |
| DraftKings Inc. | DKNG | NasdaqGS:DKNG |
| Hall of Fame Resort & Entertainment Company | HOFV | NasdaqCM:HOFV |
| Select LTM Revenue Multiple | ||||||||
| Benchmark Companies | ||||||||
| CAVA | LOCO | XPOF | GENK | DKNG | HOFV | |||
| NYSE:CAVA | NasdaqGS:LOCO | NYSE:XPOF | NasdaqGM:GENK | NasdaqGS:DKNG | NasdaqCM:HOFV | |||
| Historical Revenue Growth | ||||||||
| 5Y CAGR | NM- | 1.4% | 19.9% | 12.8% | 71.3% | 28.5% | ||
| 3Y CAGR | 24.4% | 1.3% | 27.4% | 14.0% | 54.4% | 50.4% | ||
| Latest Twelve Months | 32.3% | 0.9% | 0.8% | 15.1% | 30.1% | -12.1% | ||
| Historical EBIT Profit Margin | ||||||||
| 5 Year Average Margin | -0.4% | 8.5% | 9.3% | 4.4% | -73.1% | -285.2% | ||
| Prior Fiscal Year | 2.3% | 7.7% | 17.0% | 4.5% | -21.4% | -168.3% | ||
| Latest Fiscal Year | 5.1% | 8.8% | 22.8% | 0.2% | -12.2% | -139.9% | ||
| Latest Twelve Months | 5.1% | 8.8% | 22.8% | 0.2% | -12.2% | -139.9% | ||
| Current Trading Multiples | ||||||||
| EV / LTM Revenue | 10.31x | 1.21x | 2.02x | 0.96x | 3.74x | 12.56x | ||
| EV / LTM EBIT | 203.8x | 13.8x | 8.8x | 421.7x | -30.6x | -9.0x | ||
| Price / LTM Sales | 10.30x | 0.66x | 1.17x | 0.89x | 3.63x | 0.26x | ||
| Low | Mid | High | ||||||
| Benchmark EV / LTM Revenue | 0.96x | 2.02x | 10.31x | |||||
| Historical EV / LTM Revenue | 12.56x | 13.19x | 23.55x | |||||
| Selected EV / LTM Revenue | 11.95x | 12.58x | 13.21x | |||||
| (x) LTM Revenue | 21 | 21 | 21 | |||||
| (=) Implied Enterprise Value | 253 | 267 | 280 | |||||
| (-) Non-shareholder Claims * | (261) | (261) | (261) | |||||
| (=) Equity Value | 0 | 6 | 19 | |||||
| (/) Shares Outstanding | 6.7 | 6.7 | 6.7 | |||||
| Implied Value Range | 0.00 | 0.88 | 2.87 | |||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 0.00 | 0.88 | 2.87 | 0.83 | ||||
| Upside / (Downside) | -100.0% | 5.6% | 245.5% | |||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | CAVA | LOCO | XPOF | GENK | DKNG | HOFV | |
| Enterprise Value | 9,936 | 573 | 646 | 201 | 17,811 | 266 | |
| (+) Cash & Short Term Investments | 366 | 2 | 17 | 24 | 788 | 0 | |
| (+) Investments & Other | 0 | 0 | 0 | 0 | 27 | 5 | |
| (-) Debt | (379) | (263) | (380) | (163) | (1,335) | (267) | |
| (-) Other Liabilities | 0 | 0 | 94 | (31) | 0 | 1 | |
| (-) Preferred Stock | 0 | 0 | (117) | 0 | 0 | (0) | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 9,924 | 313 | 260 | 30 | 17,291 | 6 | |
| (/) Shares Outstanding | 115.6 | 29.8 | 33.7 | 5.4 | 490.0 | 6.7 | |
| Implied Stock Price | 85.85 | 10.51 | 7.71 | 5.58 | 35.29 | 0.83 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 85.85 | 10.51 | 7.71 | 5.58 | 35.29 | 0.83 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |