회사 개요
BT Brands, Inc. is a specialized operator within the consumer cyclical sector, specifically focusing on the restaurants industry by owning and managing fast-food establishments in the north central region of the United States. The company's primary business involves the operation of Burger Time locations, which serve a diverse menu including various burgers, chicken sandwiches, pulled pork sandwiches, chicken tenders, chicken chunks, sides, and soft items to local consumers. In terms of scale, the company currently holds a market capitalization of $10.83M and generates annual revenue of $13.49M based on trailing twelve-month data, while the specific number of employees is listed as unavailable in current filings. These valuation and revenue figures indicate that BT Brands operates as a micro-cap entity with a relatively small market presence, suggesting a niche position within the broader restaurant landscape rather than a dominant market player. The limited market cap relative to its revenue stream implies a smaller investor base and potentially higher volatility compared to larger peers in the food service sector.
재무 건전성
The company reported a revenue of $13.49M over the trailing twelve months, yet it recorded a net income loss of $-687,839, revealing a significant gap where operating costs and expenses substantially exceeded gross earnings. Despite the net loss, the company posted an EBITDA of $256,888, indicating that depreciation and amortization expenses are non-cash items that contribute positively to cash generation before accounting for capital expenditures. However, the free cash flow stands at $-718,631, which signifies that the company is currently burning cash, thereby limiting its financial flexibility for capital investment or expansion without external financing. Profitability analysis shows a gross margin of 19.3%, reflecting the company's ability to cover the direct costs of goods sold, but this is offset by a negative operating margin of -19.7% and a profit margin of -5.1%, highlighting substantial overhead burdens. On the balance sheet, the company holds $4.44M in cash against $3.66M in debt, resulting in a debt-to-equity ratio of 57.02%, which suggests a leveraged capital structure rather than a conservative one. Liquidity is supported by a current ratio of 4.84, indicating that current assets are more than four times current liabilities, which provides a robust buffer for meeting short-term obligations. Return metrics further illustrate financial pressure, with a return on equity of -10.3% and a return on assets of -2.2%, demonstrating that management has not yet generated positive returns on the capital invested or utilized in operations.
밸류에이션 평가
The trailing P/E ratio is unavailable due to the net loss, while the forward P/E is also unavailable, implying that traditional earnings-based valuation metrics cannot currently be applied to assess the company's expected earnings trajectory. Instead, investors must rely on asset-based metrics, where the price-to-book ratio stands at 1.77, indicating that the market values the company at a 77% premium over its net book value. Alternative valuation measures provide additional context, with a price-to-sales ratio of 0.80 and an EV/EBITDA of 39.12, suggesting that the market prices the stock based on sales multiple and enterprise value relative to earnings before interest, taxes, depreciation, and amortization. Regarding price momentum, the stock has a 52-week high of $5.60 and a 52-week low of $1.00, meaning the current trading price sits significantly below the recent peak but remains well above the yearly floor. The beta value is 0.66, which indicates that the stock's price volatility is lower than the broader market, moving at approximately two-thirds the intensity of the overall market index.
Growth & Income
Revenue growth year-over-year declined by -17.4%, while earnings growth is unavailable due to the lack of positive earnings, implying that the company is currently contracting rather than expanding its sales base. The absence of positive earnings growth relative to revenue contraction suggests that the business is facing challenges in maintaining its revenue stream, likely due to competitive pressures or market contraction in its specific region. As a non-dividend payer, the company does not distribute cash to shareholders, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, meaning all available cash flow is retained within the business or used to service debt and operations. The overall growth and income profile is characterized by negative revenue expansion and a lack of dividend income, positioning the company as a speculative hold rather than an income-generating asset for investors seeking stability.