企業概要
Shake Shack Inc. is a publicly traded entity that owns, operates, and licenses Shake Shack restaurants, primarily located in the United States and internationally, offering a menu that includes burgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, and alcoholic beverages. The company operates within the consumer cyclical sector and specifically within the restaurants industry, positioning it as a business whose performance is sensitive to consumer discretionary spending and economic cycles. As of the latest reporting, the firm holds a market capitalization of $4.18B and generates annual revenue totaling $1.45B, while employing a workforce of 13,873 individuals. These valuation and revenue metrics indicate that Shake Shack has established a significant presence in the quick-service dining landscape, commanding a substantial market value relative to its sales volume, which suggests strong brand equity and a scalable operational model capable of sustaining large-scale employment and global expansion efforts.
財務健全性
Shake Shack reported a trailing twelve-month revenue of $1.45B with a net income of $45.73M and an EBITDA of $174.36M, highlighting a substantial disparity between top-line sales and bottom-line profitability that reflects a cost structure dominated by operating expenses, including labor, rent, and supply chain costs. The company's free cash flow stands at $29.68M, which indicates a constrained level of financial flexibility, suggesting that while the business generates significant gross cash inflows, a considerable portion is required to fund operations and capital expenditures, limiting the immediate availability of cash for non-essential expenditures. Profitability analysis reveals a gross margin of 40.2%, an operating margin of 5.1%, and a profit margin of 3.2%, where the wide gap between the gross margin and the final profit margin underscores the high fixed costs inherent in the restaurant industry that significantly erode operating leverage. On the balance sheet, Shake Shack holds $360.12M in cash against $902.13M in debt, resulting in a debt-to-equity ratio of 162.91, which characterizes the firm as a highly leveraged entity where interest obligations constitute a significant portion of its cash flow requirements. Liquidity is maintained at a current ratio of 1.76, indicating that the company possesses sufficient current assets to cover its short-term liabilities with a comfortable buffer, thereby mitigating immediate default risks despite the high leverage. Return on equity is reported at 9.5% and return on assets at 2.4%, metrics that reveal management's effectiveness in generating profits from shareholder capital is moderate relative to the total asset base, while the low ROA reflects the capital-intensive nature of the restaurant sector combined with high debt levels.
バリュエーション評価
Shake Shack trades with a trailing P/E ratio of 89.78 and a forward P/E of 56.28, and the significant contraction between these two multiples implies that the market expects a substantial acceleration in earnings growth in the coming years to justify the current high valuation levels. The price-to-book ratio is 7.50, indicating that the stock is trading at a considerable premium over its book value, which suggests investors are pricing in intangible assets such as brand value, proprietary real estate locations, and future growth potential rather than just tangible assets. Alternative valuation metrics include a price-to-sales ratio of 2.89 and an EV/EBITDA of 25.87, which collectively suggest that the market values the company's revenue generation and cash flow capabilities at a premium compared to traditional brick-and-mortar restaurant peers, reflecting confidence in its pricing power and unit economics. In terms of price action, the stock has a 52-week high of $144.65 and a 52-week low of $74.46, meaning the current market price fluctuates within a wide historical range, though the specific current price is not provided in the available facts to calculate the exact percentage deviation from the high or low at this moment. The beta value is 1.75, which indicates that the stock price is expected to be approximately 75% more volatile than the broader market, exposing shareholders to higher systemic risk during periods of market downturns.
Growth & Income
Revenue growth is reported at 21.9% year-over-year while earnings growth is 28.7% year-over-year, indicating that profitability is expanding at a faster rate than revenue, which typically implies improving operational efficiency, better cost control, or favorable pricing dynamics that are enhancing the bottom line more rapidly than the top line. Regarding income distribution, the company has a dividend yield of N/A and a payout ratio of 0.0%, confirming that Shake Shack does not distribute dividends to shareholders and instead retains all earnings to fund business growth, debt reduction, or share repurchases. This reinvestment strategy is consistent with growth-stage companies that prioritize expanding their restaurant footprint and optimizing existing locations over providing passive income to investors. Overall, the growth and income profile of Shake Shack is defined by double-digit revenue expansion, accelerating earnings growth, and a total absence of dividend payments, presenting a capital appreciation-oriented investment case for investors seeking exposure to the consumer cyclical sector.