회사 개요
BJ's Restaurants, Inc. is a prominent operator of full-service dining establishments throughout the United States, specializing in a diverse menu that includes pizzas, craft and specialty beers, wings, pastas, sandwiches, and signature Pizookie desserts. The company operates within the Consumer Cyclical sector, specifically the Restaurants industry, which categorizes it as a business whose performance is closely tied to discretionary consumer spending and economic cycles. BJ's Restaurants, Inc. currently holds a market capitalization of $818.64M and generates an annual revenue of $1.40B based on trailing twelve-month data, while employing a workforce of 22,230 individuals. These valuation and revenue figures indicate that the company maintains a significant but mid-sized presence in the competitive restaurant landscape, balancing the need for scale with the operational complexities inherent in the food and beverage service sector. The entity was formerly known as Chicago Pizza & Brewery, Inc., reflecting its historical evolution within the broader dining market.
재무 건전성
The company reports a trailing twelve-month revenue of $1.40B and a net income of $48.81M, resulting in an EBITDA of $126.63M, which highlights a substantial gap between gross sales and bottom-line profit. This significant disparity between revenue and net income reveals a cost structure characterized by high operating expenses, including labor, food costs, and overhead, which are typical for the restaurant industry but necessitate careful management to maintain profitability. Free cash flow stands at $33.56M, providing a measure of financial flexibility that allows the company to manage capital expenditures and operational costs without relying heavily on external financing. The company's profitability metrics are further detailed by a gross margin of 15.5%, an operating margin of 3.7%, and a profit margin of 3.5%, indicating that the company retains a modest portion of revenue after covering the direct costs of goods sold and operating expenses. Liquidity and solvency are assessed by comparing total cash of $23.78M against total debt of $490.76M, with a debt-to-equity ratio of 134.02%, suggesting a leveraged balance sheet where liabilities exceed shareholders' equity. The current ratio is recorded at 0.40, which indicates that the company's current assets are insufficient to cover its current liabilities without the need for additional financing or asset liquidation. Return on Equity is 13.3% and Return on Assets is 3.0%, metrics that reveal the efficiency of management in generating returns relative to the equity invested and the total asset base employed.
밸류에이션 평가
BJ's Restaurants, Inc. trades with a trailing P/E ratio of 17.88 and a forward P/E of 14.30, where the lower forward multiple implies that the market expects earnings growth or improved operational efficiency to drive future profitability relative to current levels. The price-to-book ratio is 2.23, indicating that the market values the company at more than double its book value, which suggests a premium assigned to its brand assets, customer base, and potential for future earnings expansion. Alternative valuation metrics such as the price-to-sales ratio of 0.59 and an EV/EBITDA of 10.15 provide additional context, suggesting that the stock is priced at a discount relative to its sales base while maintaining a reasonable multiple of earnings before interest, taxes, depreciation, and amortization. The stock has experienced volatility within a 52-week range bounded by a high of $47.02 and a low of $28.46, with the current trading price situated below the recent 52-week high and above the 52-week low, reflecting recent market corrections or consolidation. The beta value of 1.32 indicates that the stock's price volatility is higher than the broader market, meaning it tends to amplify market movements during periods of rising or falling equity indices.
Growth & Income
Revenue growth year-over-year is recorded at 3.2%, while earnings growth year-over-year is not available, preventing a direct comparison of the pace at which earnings are expanding relative to top-line sales. In the absence of a dividend yield or payout ratio, as the company currently maintains a payout ratio of 0.0%, it operates as a non-dividend payer that reinvests its generated earnings back into the business for expansion, capital improvements, or debt reduction rather than distributing cash to shareholders. The lack of a dividend yield confirms that the company prioritizes internal capital allocation over income distribution, a strategy common among companies in the restaurant sector that require continuous reinvestment to maintain market share and operational quality. Overall, the growth and income profile is defined by moderate top-line expansion of 3.2% with no current dividend income, focusing shareholder returns on potential capital appreciation rather than yield.