公司概述
Arcos Dorados Holdings Inc. operates as the exclusive franchisee for McDonald's restaurants, holding the rights to own, operate, and grant franchises across 20 countries and territories in Latin America and the Caribbean. The company functions within the Consumer Cyclical sector, specifically the Restaurants industry, positioning it as a key player in the global food service landscape. With a market capitalization of $1.80B and annual revenue of $4.68B, the firm demonstrates significant scale within its regional footprint, although specific employee count data is not publicly disclosed in available records. These valuation and revenue figures indicate that Arcos Dorados commands a substantial market presence, generating nearly half a billion dollars in annual revenue while maintaining a capitalization that reflects its status as a major regional operator in the fast-food industry.
财务健康
The company reported revenue of $4.68B and net income of $212.12M over the trailing twelve months, with an EBITDA of $570.76M, highlighting a substantial gap between top-line revenue and bottom-line profit that reveals a cost structure heavily influenced by operating expenses and franchise fees. This gap suggests that while the top line is robust, the conversion to net income is moderated by significant operational costs inherent to the restaurant business model. Free cash flow stands at $120.64M, indicating that the company generates positive cash flow after capital expenditures, which provides essential financial flexibility for debt servicing and potential strategic investments. The gross margin is 12.3%, reflecting the low-margin nature of the restaurant industry, while the operating margin of 9.4% and profit margin of 4.5% further illustrate the pressure on profitability before and after interest and taxes. In terms of leverage, the company holds $422.35M in cash against $2.25B in total debt, resulting in a debt-to-equity ratio of 290.81, which characterizes the balance sheet as highly leveraged rather than conservative. The current ratio is 1.03, suggesting that the company's short-term liquid assets are barely sufficient to cover its current liabilities, indicating tight short-term liquidity management. Return on Equity is reported at 33.2%, while Return on Assets is 6.9%, metrics that reveal management's effectiveness in generating high returns on shareholder equity despite the asset-heavy nature of the business and the elevated debt levels.
估值评估
The trailing twelve-month P/E ratio is 8.46, whereas the forward P/E ratio is 10.86, implying that the market expects earnings growth or a normalization of costs that would justify a higher multiple in the future, although the current earnings decline complicates this trajectory. The price-to-book ratio stands at 2.34, indicating that the market values the company at more than double its book value, suggesting a premium assigned to its franchise assets and brand equity relative to its net tangible assets. Alternative valuation metrics show a price-to-sales ratio of 0.38 and an EV/EBITDA of 6.35, which suggest the stock is priced conservatively relative to its sales and earnings power, particularly when considering the high debt load. The 52-week high is $8.98 and the 52-week low is $6.51, providing a range within which the stock has traded; without a specific current price, the valuation context relies on these bounds to define historical volatility and trading thresholds. The beta value is 0.49, which indicates that the stock's price volatility is significantly lower than that of the broader market, suggesting it may offer a lower correlation to general market swings compared to large-cap peers.
Growth & Income
Revenue growth year-over-year is 10.7%, while earnings growth year-over-year is -56.9%, indicating that earnings are growing significantly slower than revenue, which implies that recent earnings are being impacted by one-time costs, margin compression, or the recovery from a prior low base. As a dividend payer, the company offers a dividend yield of 3.3% with a payout ratio of 23.8%, and this low payout ratio suggests that the dividend is sustainable even in the face of declining earnings, as it covers less than a quarter of the earnings per share. The combination of strong revenue expansion and a low payout ratio points to a profile where the company may be retaining significant earnings to deleverage its balance sheet or invest in store expansion, rather than aggressively returning cash to shareholders. The overall growth and income profile is characterized by robust top-line expansion in a fragmented market, supported by a high-yield dividend that remains secure despite a sharp contraction in reported net income.