Build-a-bear Workshop Inc

Consumer Discretionary
Recreational Games/Products/Toys
ir.buildabear.com

Earnings Score
Moat Score

Market Cap $470.76M
PE 9
Debt -
Cash $27.76M
EV -
FCF $27.77M

Earnings

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Sales & Net Margins

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Earnings	$51.79M
EBIT	$67.14M
ROE	37%
ROA	23%
FCF	$27.77M
Equity	$139.08M
Growth Stability	-149%
PE	9.09
PEG	0.35
PB	3.38
P/FCF	16.95
P/S	0.95
Price/Cash	0.06
Net Margins	10%
Gross Margins	55%
Op. Margins	14%
Earnings CAGR	25%
Sales Growth YoY	1%
Sales Growth QoQ	26%
Sales CAGR	16%
FCF CAGR	22%
Equity CAGR	1%
Earnings Stability	0.28
Earnings Growth YoY	-3%
Earnings Growth QoQ	120%

Earnings CAGR 5Y	26%
Sales CAGR 5Y	16%
FCF CAGR 5Y	50%
Equity CAGR 5Y	19%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	60%
Equity CAGR 3Y	14%
Market Cap	$470.76M
Revenue	$496.40M
Dividend Yield	2%
Payout Ratio	21%
Assets	$289.96M
Cash	$27.76M
Shares Outstanding	13.26M
Earnings Score	17%
Moat Score	95%
Working Capital	46.9M
Current Ratio	1.59
Gross Profit	$272.52M
Shares Growth 3y	-5%
Equity Growth QoQ	8%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Build-A-Bear Workshop Inc is a U.S.-based specialty retailer of customized stuffed animals and related products. The company operates through three segments. Its Direct-to-consumer segment includes the operating activities of corporately-managed locations and other retail delivery operations in the U.S., Canada, China, Denmark, Ireland, and the U.K., including the company's e-commerce sites and temporary stores. The international franchising segment includes the licensing activities of the company's franchise agreements with store locations in Europe, Asia, Australia, the Middle East, and Africa. The commercial segment includes the transactions with other businesses, mainly comprised of licensing the intellectual properties for third-party use and wholesale activities.

SEC Filings

Direct access to Build-a-bear Workshop Inc (BBW) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-K Feb 01
2024
- 10-Q Nov 02
- 10-Q Aug 03
- 10-Q May 04
- 10-K Feb 03
2023
- 10-Q Oct 28
- 10-Q Jul 29
- 10-Q Apr 29
- 10-K Jan 28

Sector Comparison

How does Build-a-bear Workshop Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Build-a-bear Workshop Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 25%

Stability 28%

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Build-a-bear Workshop Inc Discounted Cash Flow

Fully customizable DCF calculator online for Build-a-bear Workshop Inc.

Years

Calculation mode

= $1.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$28M	$34M	$41M	$51M	$62M	$75M	$92M	$112M	$137M	$167M	$204M	$2B
DCF		$31M	$34M	$38M	$42M	$47M	$52M	$58M	$64M	$71M	$79M	$787M
Value	$1.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	01/2016	12/2016	12/2017	02/2019	01/2020	01/2021	01/2022	01/2023	02/2024	01/2025	TTM
Net Margins	7%	0%	2%	-5%	0%	-9%	11%	10%	11%	10%	10%
ROA	-	3%	7%	-11%	1%	-8%	19%	22%	24%	23%	23%
ROE	-	1%	7%	-19%	0%	-34%	50%	40%	41%	37%	37%

Good Net Margins (10.43%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	01/2016	12/2016	12/2017	02/2019	01/2020	01/2021	01/2022	01/2023	02/2024	01/2025	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	-149%	-	-	-	100%	100%	100%	-149%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-149%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	01/2016	12/2016	12/2017	02/2019	01/2020	01/2021	01/2022	01/2023	02/2024	01/2025	CAGR 5Y
Revenue YoY growth	-	-4%	-2%	-6%	1%	-25%	61%	14%	4%	2%	16%
Earnings YoY growth	-	-95%	480%	-329%	-101%	-9K%	-306%	2%	10%	-2%	26%
Equity YoY growth	-	-0%	8%	-12%	-6%	-24%	39%	27%	9%	7%	19%
FCF YoY growth	-	-258%	-125%	-152%	-688%	-10%	139%	69%	37%	-40%	50%