公司概述
BT Brands, Inc. owns and operates a portfolio of fast-food restaurants situated in the north central region of the United States, offering a diverse menu that includes burgers, chicken sandwiches, pulled pork, and various sides. The company functions within the Consumer Cyclical sector, specifically the Restaurants industry, positioning it as a beneficiary of discretionary consumer spending on dining out. Its current market capitalization stands at $10.83 million, while trailing twelve-month revenue is recorded at $13.49 million; employee count data is not publicly disclosed in the available records. These valuation and revenue figures indicate that BT Brands operates as a small-cap entity with a relatively modest operational footprint compared to national restaurant chains, suggesting a niche market presence rather than broad scalability at this stage of development.
财务健康
The company reported trailing twelve-month revenue of $13.49 million, yet this top-line figure masks a net income loss of $687,839, revealing a significant cost structure where operating expenses substantially outpace gross profits. Despite the reported net loss, the entity maintains a positive EBITDA of $256,888, which suggests that core business operations generate sufficient cash before interest and taxes, though non-operating items or financing costs are impacting the bottom line. Free cash flow for the period was -$718,631, indicating a cash burn rate that limits the company's immediate financial flexibility for capital expenditures or unexpected liabilities. Profitability analysis shows a gross margin of 19.3%, an operating margin of -19.7%, and a profit margin of -5.1%, collectively highlighting challenges in controlling overhead costs relative to sales volume. On the balance sheet, the company holds $4.44 million in cash against $3.66 million in debt, resulting in a debt-to-equity ratio of 57.02%, which reflects a leveraged position where debt obligations are more than half the size of shareholders' equity. Liquidity is robust with a current ratio of 4.84, signaling that the company possesses ample current assets to cover its short-term obligations without immediate distress. However, the return on equity is -10.3% and return on assets is -2.2%, metrics that reveal management has yet to generate positive returns on the capital invested in the business, pointing to structural inefficiencies or a transitional phase in profitability.
估值评估
Trailing P/E and forward P/E ratios are not available due to the company's net loss status, meaning traditional earnings-based valuation multiples cannot be used to assess future earnings trajectory or investor expectations. The price-to-book ratio stands at 1.77, indicating that the market values the company at a premium of 77% above its tangible book value, which may reflect intangible assets or market sentiment despite current earnings losses. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.80 and an EV/EBITDA of 39.12, suggesting that investors are pricing the stock based on revenue generation and enterprise cash flow rather than net income. The stock's trading range over the past year spans from a low of $1.00 to a high of $5.60, providing a volatility band within which the current price fluctuates. The beta value of 0.66 indicates that the stock exhibits lower price volatility relative to the broader market, moving with less intensity than the S&P 500 during periods of market turbulence.
Growth & Income
Revenue growth year-over-year has contracted by 17.4%, while earnings growth is not applicable due to the reported net loss, implying that the company is currently shrinking in terms of both top-line sales and profitability. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, indicating that no portion of earnings is distributed to shareholders but rather retained within the entity. This lack of dividend distribution combined with negative free cash flow suggests the company is currently reinvesting capital internally to sustain operations rather than returning value through income streams. The overall growth and income profile is characterized by revenue contraction and an absence of dividend income, reflecting a high-risk, turnaround-oriented investment characteristic typical of small-cap restaurant operators facing market headwinds.