회사 개요
Dave & Buster's Entertainment, Inc. owns and operates a network of entertainment and dining venues specifically designed for adults and families across North America, offering a diverse menu of entrées, appetizers, and alcoholic and non-alcoholic beverages alongside various entertainment attractions. The company functions within the Communication Services sector, specifically the Entertainment industry, positioning itself as a consumer-facing destination that blends food service with leisure activities. As of the latest data, the entity holds a market capitalization of $340.21M and generates annual revenue (TTM) of $2.11B, employing a workforce of 23,420 individuals to sustain its operations. These financial figures indicate that while the company maintains a substantial revenue base driven by its extensive physical footprint and labor force, its market valuation reflects a smaller public equity profile relative to its operational scale, suggesting a niche market position or specific investor sentiment regarding its current profitability trajectory.
재무 건전성
The company reported a revenue (TTM) of $2.11B with a net income (TTM) of $300,000 and an EBITDA of $417.00M, revealing a significant divergence between operational cash generation and reported bottom-line earnings due to substantial non-operating expenses or interest costs. The free cash flow stands at -$242,650,000, which indicates a negative cash conversion capability that constrains the company's financial flexibility and limits its ability to fund organic growth or capital expenditures without external financing. The gross margin is 40.2%, reflecting the pricing power and cost efficiency of the core dining operations, whereas the operating margin is -3.4% and the profit margin is 0.0%, highlighting that overhead costs and interest burdens are eroding the gross profitability to the point of negligible net earnings. On the balance sheet, the company holds $13.60M in cash against a total debt load of $3.59B, resulting in a debt-to-equity ratio of 2741.97, which signifies an extremely leveraged financial structure rather than a conservative one. This high leverage is further evidenced by a current ratio of 0.32, indicating that the company's current assets are insufficient to cover its current liabilities, pointing to potential short-term liquidity challenges. Return on Equity (ROE) is recorded at 0.2% and Return on Assets (ROA) at 2.5%, metrics that suggest management effectiveness is currently limited by the heavy debt burden and low net income relative to the total asset base.
밸류에이션 평가
The valuation metrics show a trailing P/E Ratio (TTM) listed as N/A due to the minimal net income, while the forward P/E is 10.89, implying that the market is pricing in significant expected earnings recovery or stabilization in the coming fiscal periods. The price-to-book ratio is 2.60, indicating that the market values the company at a premium of 160% over its tangible book value, which may reflect intangible assets or brand equity despite current earnings struggles. Alternative valuation measures such as the price-to-sales ratio of 0.16 and an EV/EBITDA of 9.38 suggest the stock is trading at a low multiple relative to sales and enterprise value, potentially signaling a deep value opportunity or a penalty for the company's high leverage and negative cash flow. The stock has a 52-week high of $35.53 and a 52-week low of $9.61, meaning the current trading price sits significantly below the recent peak and within the lower volatility band of its annual trading range. With a beta of 1.75, the stock exhibits high price volatility relative to the broader market, moving nearly 75% more aggressively than the benchmark index during periods of market fluctuation.
Growth & Income
Revenue growth (YoY) is -1.1% and earnings growth (YoY) is N/A, indicating that the company is currently contracting in terms of top-line sales rather than expanding, which prevents earnings from growing faster than revenue given the existing baseline of near-zero net income. As a non-dividend payer with a dividend yield of N/A and a payout ratio of 0.0%, the company does not distribute cash to shareholders, effectively reinvesting its limited earnings and cash flow back into the business or using it to service its substantial debt obligations. The overall growth and income profile is characterized by a contraction phase with no current income distribution, reflecting a capital-intensive business model that prioritizes balance sheet deleveraging and operational restructuring over shareholder returns.