Cracker Barrel Old Country Store, Inc

Consumer Discretionary
Restaurants
www.crackerbarrel.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.10B
PE 27
Debt $527.02M
Cash $11.53M
EV $1.62B
FCF $37.85M

Earnings

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Sales & Net Margins

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Earnings	$40.32M
EBIT	$40.78M
ROE	9%
ROA	2%
FCF	$37.85M
Equity	$440.70M
Growth Stability	-16%
PE	27.4
PEG	-4.23
PB	2.51
P/FCF	29.18
P/S	0.32
Price/Cash	0.01
Debt/Equity	1.2
Debt/FCF	13.92
Net Margins	1%
Gross Margins	69%
Op. Margins	1%
Earnings CAGR	-10%
Sales Growth YoY	3%
Sales Growth QoQ	-6%
Sales CAGR	7%
FCF CAGR	-8%
Equity CAGR	-2%
Earnings Stability	0.12
Earnings Growth YoY	-11%
Earnings Growth QoQ	-73%
Earnings CAGR 5Y	-6%

Sales CAGR 5Y	8%
FCF CAGR 5Y	-17%
Equity CAGR 5Y	-5%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	-33%
Equity CAGR 3Y	-10%
Market Cap	$1.10B
Revenue	$3.49B
Dividend Yield	8%
Payout Ratio	230%
Assets	$2.19B
Total Debt	$527.02M
Cash	$11.53M
Shares Outstanding	22.22M
EV	1.62B
Earnings Score	5%
Moat Score	51%
Safety Score	42%
Final Score	33%
Working Capital	-137.74M
Current Ratio	0.69
Gross Profit	$2.40B
Shares Growth 3y	-1%
Equity Growth QoQ	0%
Equity Growth YoY	-4%

Assets & ROA

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Stockholders Equity & ROE

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Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

SEC Filings

Direct access to Cracker Barrel Old Country Store, Inc (CBRL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Nov 01
- 10-K Aug 02
- 10-Q Apr 26
- 10-Q Jan 26
2023
- 10-Q Oct 27
- 10-K Jul 28
- 10-Q Apr 28
- 10-Q Jan 27
2022
- 10-Q Oct 28
- 10-K Jul 29
- 10-Q Apr 29
- 10-Q Jan 28

Sector Comparison

How does Cracker Barrel Old Country Store, Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cracker Barrel Old Country Store, Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -10%

Stability 12%

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Cracker Barrel Old Country Store, Inc Discounted Cash Flow

Fully customizable DCF calculator online for Cracker Barrel Old Country Store, Inc.

Years

Calculation mode

= $230M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$38M	$35M	$32M	$30M	$28M	$26M	$24M	$22M	$20M	$19M	$17M	$172M
DCF		$32M	$27M	$22M	$19M	$16M	$13M	$11M	$9.4M	$7.9M	$6.6M	$66M
Value	$230M

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	07/2015	07/2016	07/2017	08/2019	07/2020	07/2021	07/2022	07/2023	08/2024	TTM
Net Margins	6%	6%	7%	7%	-1%	9%	4%	3%	1%	1%
ROA	-	19%	21%	-	4%	15%	7%	5%	2%	2%
ROE	-	36%	37%	37%	-8%	38%	26%	20%	9%	9%

Bad Net Margins (0.57%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher 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	07/2015	07/2016	07/2017	08/2019	07/2020	07/2021	07/2022	07/2023	08/2024	TTM
Debt over FCF	-	2.54	1.9	-	-6.96	1.42	3.96	3.36	11.72	13.92
Debt over Equity	0.74	0.76	0.73	0.66	2.27	0.49	0.83	0.86	1.08	1.2
Growth Stability	-	-	-	100%	-16%	100%	89%	84%	25%	-16%

Bad Debt/FCF ratio (13.92)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Neutral Debt/Equity ratio (1.2)

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

Bad Graham’s Stability (-16%)

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	07/2015	07/2016	07/2017	08/2019	07/2020	07/2021	07/2022	07/2023	08/2024	CAGR 5Y
Revenue YoY growth	-	2%	0%	5%	-18%	12%	16%	5%	1%	8%
Earnings YoY growth	-	15%	7%	11%	-115%	-884%	-48%	-25%	-59%	-6%
Equity YoY growth	-	-2%	3%	11%	-31%	59%	-23%	-5%	-9%	-5%
FCF YoY growth	-	-35%	34%	7%	-161%	-269%	-54%	15%	-67%	-17%