Build-a-bear Workshop Inc

BBW

Retail-Hobby, Toy & Game Shops

Mkt Cap

$462.5M

PE

8.76

Debt

Cash

$44.33M

EV

FCF

$46.02M

Market Cap

$462.5M

P/E Ratio

8.76

Debt

Cash

$44.33M

EV

FCF

$46.02M

Charts data: {"Earnings":[{"time":"2015-01-02","value":13923000},{"time":"2016-01-01","value":26825000},{"time":"2016-12-30","value":1348000},{"time":"2017-12-29","value":7820000},{"time":"2019-02-01","value":-17933000},{"time":"2020-01-31","value":261000},{"time":"2021-01-29","value":-22983000},{"time":"2022-01-28","value":47265000},{"time":"2023-01-27","value":47985000},{"time":"2024-02-02","value":52805000}],"Sales":[{"time":"2015-01-02","value":392354000},{"time":"2016-01-01","value":377694000},{"time":"2016-12-30","value":364204000},{"time":"2017-12-29","value":357866000},{"time":"2019-02-01","value":336585000},{"time":"2020-01-31","value":338543000},{"time":"2021-01-29","value":255310000},{"time":"2022-01-28","value":411522000},{"time":"2023-01-27","value":467937000},{"time":"2024-02-02","value":486114000}],"Net Margins":[{"time":"2015-01-02","value":0.0354858112826682},{"time":"2016-01-01","value":0.07102310335880369},{"time":"2016-12-30","value":0.003701222391846328},{"time":"2017-12-29","value":0.021851754567352024},{"time":"2019-02-01","value":-0.053279260810790735},{"time":"2020-01-31","value":0.0007709508097937338},{"time":"2021-01-29","value":-0.09001997571579648},{"time":"2022-01-28","value":0.11485412687535539},{"time":"2023-01-27","value":0.10254585553183442},{"time":"2024-02-02","value":0.10862678301797521}],"Assets":[{"time":"2015-01-02","value":212054000},{"time":"2016-01-01","value":213334000},{"time":"2016-12-30","value":199595000},{"time":"2017-12-29","value":197989000},{"time":"2019-02-01","value":172046000},{"time":"2020-01-31","value":297262000},{"time":"2021-01-29","value":261372000},{"time":"2022-01-28","value":266324000},{"time":"2023-01-27","value":280794000},{"time":"2024-02-02","value":272325000}],"Stockholders Equity":[{"time":"2015-01-02","value":97625000},{"time":"2016-01-01","value":99414000},{"time":"2016-12-30","value":99112000},{"time":"2017-12-29","value":107315000},{"time":"2019-02-01","value":94314000},{"time":"2020-01-31","value":88631000},{"time":"2021-01-29","value":67308000},{"time":"2022-01-28","value":93683000},{"time":"2023-01-27","value":119117000},{"time":"2024-02-02","value":129662000}],"ROE":[{"time":"2015-01-02","value":0.14261715749039694},{"time":"2016-01-01","value":0.26983121089584966},{"time":"2016-12-30","value":0.013600774880942771},{"time":"2017-12-29","value":0.07286958952616131},{"time":"2019-02-01","value":-0.19014144241576011},{"time":"2020-01-31","value":0.0029447935823808825},{"time":"2021-01-29","value":-0.3414601533250134},{"time":"2022-01-28","value":0.50452056402976},{"time":"2023-01-27","value":0.40283922529949545},{"time":"2024-02-02","value":0.4072511607101541}],"ROA":[{"time":"2015-01-02","value":0.07556565780414423},{"time":"2016-01-01","value":0.08389661282308493},{"time":"2016-12-30","value":0.026598862696961347},{"time":"2017-12-29","value":0.069766502179414},{"time":"2019-02-01","value":-0.10757006847006033},{"time":"2020-01-31","value":0.005251259831394527},{"time":"2021-01-29","value":-0.07723091991491055},{"time":"2022-01-28","value":0.1904071732175846},{"time":"2023-01-27","value":0.2205317777445387},{"time":"2024-02-02","value":0.24356559258239235}]}

Build-A-Bear Workshop, Inc. operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear. The company operates its stores under the Build-A-Bear Workshop brand name; and sells its products through its e-commerce sites and third-party marketplace sites. The company was founded in 1997 and is headquartered in St. Louis, Missouri.

Sector

10-Q
7/29/23
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4/29/23
10-K
1/28/23
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10/29/22
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7/30/22
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4/30/22
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1/29/22
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10/30/21
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7/31/21
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5/1/21
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10/31/20
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11/2/19
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8/3/19
10-Q
5/4/19
10-K
2/2/19
10-Q
11/3/18
10-Q
8/4/18
10-Q
5/5/18
10-K
12/30/17

DCF

Discounted Cash Flow Valuation of Build-a-bear Workshop Inc

Calculate

Growth Years

Growth

Start

End

Discount

Start

End

Multiple

g\r	+10%	+11%	+12%	+13%	+14%
0%	10	9	8	8	7
+1%	11	10	9	8	8
+2%	13	11	10	9	8
+3%	14	13	11	10	9
+4%	17	14	12	11	10

Years	0	1	2	3	4	5	6	7	8	9	10	TV
FCF	$46.02M	$56.41M	$68.04M	$80.75M	$94.25M	$108.2M	$122M	$135.3M	$147.3M	$157.6M	$165.5M	$1.655B
DCF		$49.05M	$51.45M	$53.1M	$53.89M	$53.78M	$52.76M	$50.86M	$48.17M	$44.8M	$40.9M	$409M
Value	$907.8M

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth 27%

Earnings Stability -0.099%

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.

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

Over time the ROA has been increasing indicating a higher marginal ROA with respect to the calculated one, giving a good sign for continued growth.

Years	01-2016	12-2016	12-2017	02-2019	01-2020	01-2021	01-2022	01-2023	02-2024	TTM
Net Margin	7.1%	0.37%	2.2%	-5.3%	0.077%	-9%	11%	10%	11%	11%
ROA	8.4%	2.7%	7%	-11%	0.53%	-7.7%	19%	22%	24%	24%
ROE	27%	1.4%	7.3%	-19%	0.29%	-34%	50%	40%	41%	41%

What is the average Net Margin?

The average Net Margin over the past 5 years is +3.06%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +3.77%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +7.92%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +7.63%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +13.1%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +14.38%.

Safety & Stabiliy

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.

Data are missing

The Graham’s stability indicate a relevant drawdown, consider checking when it has occured and why.

Years	01-2016	12-2016	12-2017	02-2019	01-2020	01-2021	01-2022	01-2023	02-2024	TTM
Debt FCF	-	-	-	-	-	-	-	-	-	-
Debt Equity	-	-	-	-	-	-	-	-	-	-
MIN
Graham Stability	-	-	56%	-150%	-	-	-	100%	100%	-150%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at -1.49.

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.

Earnings growth has not been increasing in the past years.

Years	12-2016	02-2019	01-2021	01-2023	Trend
Revenue	4.2%	7.6%	24%	3.9%	3.2%
Net Income	69%	-	-	10%	-15%
Stockholders Equity	3.9%	6.6%	24%	8.9%	2.7%
FCF	-	-	77%	37%	18%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +7.63%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +3.16%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -15.14%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +6.57%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +2.67%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is +17.88%.