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NATH - Nathan's Famous, Inc...

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Nathan's Famous, Inc.

NATH

NASDAQ

Nathan's Famous, Inc., together with its subsidiaries, operates in the foodservice industry. The company owns and franchises restaurants under the Nathan's Famous brand name, as well as sells products bearing the Nathan's Famous trademarks through various channels of distribution. It also has license agreements for the manufacture, distribution, marketing, and sale of Nathan's Famous branded hot dogs, sausages, and corned beef products in refrigerated consumer packages to be resold through retail channels, such as supermarkets, groceries, mass merchandisers, and club stores; and other Nathan's Famous branded refrigerated meat products in consumer packages to be resold through retail channels. In addition, the company has license agreements to manufacture Nathan's Famous branded hot dog and sausage products in bulk for use in the food service industry; for supplying Nathan's Famous natural casing and skinless hot dogs in bulk for use in the Nathan's Famous restaurant system; to manufacture proprietary spices; to produce and distribute sauerkraut and pickles; to produce and sell French fries and onion rings for retail sale; and to produce and sell miniature bagel dogs, franks-in-a-blanket, mozzarella sticks, and other hors d'oeuvres through club stores, supermarkets, and other retail food stores. Further, the company sells Nathan's products directly to foodservice operators or to various foodservice distributors, as well as provides Arthur Treacher's brand fish fillets. As of March 27, 2022, its restaurant system consisted of four company-owned units in the New York City metropolitan area; and 239 franchised units in 18 states and 12 foreign countries. Nathan's Famous, Inc. was founded in 1916 and is based in Jericho, New York.

92.84 USD

1.39 (1.5%)

Operating Data

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

103.33M

75.84M

114.88M

130.78M

138.61M

154.1M

171.32M

190.47M

211.76M

235.43M

Revenue %

-

-26.6

51.48

13.84

5.98

11.18

11.18

11.18

11.18

Ebitda

29.85M

27.11M

29.73M

35.68M

33.94M

43.85M

48.75M

54.2M

60.26M

66.99M

Ebitda %

28.89

35.75

25.87

27.28

24.49

28.46

28.46

28.46

28.46

Ebit

28.61M

25.93M

28.67M

34.55M

32.81M

42.2M

46.92M

52.16M

57.99M

64.47M

Ebit %

27.69

34.19

24.96

26.41

23.67

27.38

27.38

27.38

27.38

Depreciation

1.23M

1.18M

1.05M

1.14M

1.14M

1.65M

1.84M

2.04M

2.27M

2.52M

Depreciation %

1.19

1.56

0.92

0.87

0.82

1.07

1.07

1.07

1.07

Balance Sheet

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Total Cash

77.12M

81.06M

50.06M

29.86M

21.03M

78.97M

87.79M

97.6M

108.51M

120.64M

Total Cash %

74.64

106.89

43.58

22.83

15.17

51.24

51.24

51.24

51.24

Receivables

11.11M

11.65M

13.37M

15.07M

14.73M

18.46M

20.53M

22.82M

25.37M

28.21M

Receivables %

10.75

15.36

11.64

11.52

10.63

11.98

11.98

11.98

11.98

Inventories

378k

624k

522k

539k

842k

820.62k

912.34k

1.01M

1.13M

1.25M

Inventories %

0.37

0.82

0.45

0.41

0.61

0.53

0.53

0.53

0.53

Payable

3.51M

4.04M

6.38M

6.46M

5.74M

7.2M

8.01M

8.9M

9.89M

11M

Payable %

3.4

5.33

5.55

4.94

4.14

4.67

4.67

4.67

4.67

Cap Ex

-870k

-551k

-636k

-626k

-313k

-871.17k

-968.54k

-1.08M

-1.2M

-1.33M

Cap Ex %

-0.84

-0.73

-0.55

-0.48

-0.23

-0.57

-0.57

-0.57

-0.57

Weighted Average Cost Of Capital

Price

92.84

Beta

Diluted Shares Outstanding

4.09M

Costof Debt

8.07

Tax Rate

After Tax Cost Of Debt

5.76

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

66.39M

Total Equity

379.44M

Total Capital

445.82M

Debt Weighting

14.89

Equity Weighting

85.11

Wacc

5.24

Build Up Free Cash Flow

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

103.33M

75.84M

114.88M

130.78M

138.61M

154.1M

171.32M

190.47M

211.76M

235.43M

Ebitda

29.85M

27.11M

29.73M

35.68M

33.94M

43.85M

48.75M

54.2M

60.26M

66.99M

Ebit

28.61M

25.93M

28.67M

34.55M

32.81M

42.2M

46.92M

52.16M

57.99M

64.47M

Tax Rate

28.54

28.54

28.54

28.54

28.54

28.54

28.54

28.54

28.54

28.54

Ebiat

21.34M

18.74M

21.03M

25.29M

23.44M

30.79M

34.24M

38.06M

42.32M

47.05M

Depreciation

1.23M

1.18M

1.05M

1.14M

1.14M

1.65M

1.84M

2.04M

2.27M

2.52M

Receivables

11.11M

11.65M

13.37M

15.07M

14.73M

18.46M

20.53M

22.82M

25.37M

28.21M

Inventories

378k

624k

522k

539k

842k

820.62k

912.34k

1.01M

1.13M

1.25M

Payable

3.51M

4.04M

6.38M

6.46M

5.74M

7.2M

8.01M

8.9M

9.89M

11M

Cap Ex

-870k

-551k

-636k

-626k

-313k

-871.17k

-968.54k

-1.08M

-1.2M

-1.33M

Ufcf

13.73M

19.11M

22.17M

24.17M

23.58M

29.32M

33.75M

37.52M

41.72M

46.38M

Wacc

5.24

5.24

5.24

5.24

5.24

Pv Ufcf

27.86M

30.47M

32.19M

34.01M

35.93M

Sum Pv Ufcf

160.47M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

5.24

Free Cash Flow T1

46.61M

Terminal Value

983.37M

Present Terminal Value

761.75M

Intrinsic Value

Enterprise Value

922.22M

Net Debt

45.36M

Equity Value

876.86M

Diluted Shares Outstanding

4.09M

Equity Value Per Share

214.55

Projected DCF

214.55 0.567%

DCF Levered

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