Loading...
GTIM logo

Good Times Restaurants Inc.NasdaqCM:GTIM 株式レポート

時価総額 US$13.2m
株価
US$1.27
US$0.003
41.7k% 割高 内在価値ディスカウント
1Y-18.1%
7D2.4%
ポートフォリオ価値
​
表示

Good Times Restaurants Inc.

NasdaqCM:GTIM 株式レポート

時価総額：US$13.2m

Good Times Restaurants（GTIM）株式概要

グッドタイムズ・レストランツ社は、その子会社を通じて米国でレストラン事業を行っている。 詳細

GTIM ファンダメンタル分析
スノーフレーク・スコア
評価2/6
将来の成長0/6
過去の実績4/6
財務の健全性4/6
配当金0/6

報酬

株価収益率（ 7.4 x） US市場（ 18.5 x）を下回っています。

過去1年間で収益は64.2%増加しました

リスク分析

過去5年間で収益は年間38.2%減少しました。

意味のある時価総額がありません ( $13M )


GTIM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Good Times Restaurants Inc. 競合他社

価格と性能

株価の高値、安値、推移の概要Good Times Restaurants
過去の株価
現在の株価US$1.27
52週高値US$2.09
52週安値US$1.10
ベータ0.65
1ヶ月の変化-0.78%
3ヶ月変化4.10%
1年変化-18.06%
3年間の変化-54.32%
5年間の変化-70.47%
IPOからの変化-92.44%

最新ニュース

分析記事 • Feb 12

We Think That There Are More Issues For Good Times Restaurants (NASDAQ:GTIM) Than Just Sluggish Earnings

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) recent weak earnings report didn't cause a big stock movement. Our...

Recent updates

分析記事 • Feb 12

We Think That There Are More Issues For Good Times Restaurants (NASDAQ:GTIM) Than Just Sluggish Earnings

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) recent weak earnings report didn't cause a big stock movement. Our...
分析記事 • Dec 25

Investors Will Want Good Times Restaurants' (NASDAQ:GTIM) Growth In ROCE To Persist

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
分析記事 • Oct 17

Is Good Times Restaurants (NASDAQ:GTIM) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Aug 14

Investors Aren't Buying Good Times Restaurants Inc.'s (NASDAQ:GTIM) Earnings

NasdaqCM:GTIM 1 Year Share Price vs Fair Value Explore Good Times Restaurants's Fair Values from the Community and...
分析記事 • Jul 10

Is Good Times Restaurants (NASDAQ:GTIM) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • May 16

Good Times Restaurants' (NASDAQ:GTIM) Solid Earnings Are Supported By Other Strong Factors

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) earnings announcement last week was disappointing for investors, despite...
分析記事 • Apr 05

Good Times Restaurants (NASDAQ:GTIM) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Sep 28

Improved Revenues Required Before Good Times Restaurants Inc. (NASDAQ:GTIM) Shares Find Their Feet

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) price-to-sales (or "P/S") ratio of 0.2x might make it look like a buy...
分析記事 • Aug 09

We Think You Can Look Beyond Good Times Restaurants' (NASDAQ:GTIM) Lackluster Earnings

The most recent earnings report from Good Times Restaurants Inc. ( NASDAQ:GTIM ) was disappointing for shareholders...
分析記事 • Feb 23

Why Investors Shouldn't Be Surprised By Good Times Restaurants Inc.'s (NASDAQ:GTIM) Low P/S

When you see that almost half of the companies in the Hospitality industry in the United States have price-to-sales...
分析記事 • Dec 22

Good Times Restaurants' (NASDAQ:GTIM) Profits May Not Reveal Underlying Issues

Good Times Restaurants Inc.'s ( NASDAQ:GTIM ) stock didn't jump after it announced some healthy earnings. We did some...
分析記事 • Aug 09

We Like These Underlying Return On Capital Trends At Good Times Restaurants (NASDAQ:GTIM)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
分析記事 • Nov 17

Good Times Restaurants (NASDAQ:GTIM) Is Experiencing Growth In Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha • Oct 11

Let The Good Times Restaurants Roll

Summary Good Times Restaurants owns two concepts - the original Good Times Drive Thru and Bad Daddy's Burger Bar. Despite continued cash generation, shares have recently traded lower to a $17m Enterprise Value. I expect shares to recover once inflationary pressure eases. Plenty of restaurant stocks have experienced a volatile past two years as impacts from the Covid-19 pandemic work their way through labor markets and the supply chain. Today I want to examine a stock trading near a multi-year low but with surprisingly strong fundamentals. Good Times Restaurants (GTIM) finds themselves at an interesting crossroads with two operating chains: Good Times Burgers & Frozen Custard, and Bad Daddy's Burger Bar. Bad Daddy's had a much harder time during the pandemic than the fast-casual Good Times (i.e. Q3-20 same store sales (SSS) for Good Times restaurants increased 11.9% and for Bad Daddy’s restaurants decreased 36.7%). The balance between the two chains helped the company tread water better than some peers, though Bad Daddy's made up a much larger portion of historic sales. Recent Results Good Times IR Site GTIM posted Q3 results recently with $36.5m revenue and $1.7m of Adjusted EBITDA ($103.0m and $4.0m year-to-date). In addition, they have $9.7m cash, and cash from operations inflected strongly back above $3m for the quarter after a small decrease in Q1 and positive $1.5m in Q2. Not bad for a $27m market cap ($17m Enterprise Value). 3rd quarter SSS were positive, though slightly negative for both concepts once adjusting for Y/Y price increases (8.2% for Good Times and 6.8% for Bad Daddy’s). Comps Bad Daddys (Bad Daddy's Website) Bad Daddy's are generally 3.5-4k square feet and do $550-700 sales/sq. ft. (lower end due to Covid) at 39 locations ($2.4m average AUM in FY21). Good Times concepts can be around 1k sq. ft. (double drive thru) or 2k sq. ft. if they have a dining room and average $1.2-$1.3m in sales each of the last two years (32 total locations). There is some upside here, as per their Q2-22 call, “over 20% of our restaurants at Bad Daddy’s with a full year of operating history, exceeding $3 million volumes and two restaurants continuing to exceed $4 million annual volumes on a last 12-month basis.” BBQ Holdings ((BBQ)) is probably the best recently public comp for Bad Daddy's in terms of restaurant size and sales ($2.2-2.5m). BBQ made $206m of FY21 revenue, $17.4m EBITDA, and $7.0m net income. MTY Food (OTCPK:MTYFF) recently announced a deal to take them private at a $200m transaction value: “As of Aug. 9, 2022, BBQ operates 200+ franchised and 100+ corporate-owned restaurants; for FY22 ending Jan. 1, 2023, the company is expected to generate 12-month run-rate system sales and cash EBITDA between $685M to $725M and $25.5M and $27.5M, respectively. With this Transaction, MTY will add leading restaurant brands to its network which will reach a total of ~7K locations, including 3.9K+ in U.S. The transaction is expected to be immediately accretive to MTY’s free cash flow per share; transaction represents a 7.5x multiple of BBQ mid-point FY2022E run-rate cash EBITDA guidance of $26.5M.” Fiesta Restaurant Group (FRGI) carries a ~$150m EV against $357m of FY21 revenues and $25m of adjusted EBITDA (6x EBITDA), but with negative free cash flow. The restaurant size and metrics are fairly comparable to Bad Daddy's albeit with lower quality food. The brand recently streamlined around Pollo Tropical after divesting Taco Cabana. Valuation The above suggests 6x EBITDA is a reasonable trailing valuation, implying current inflationary pressures will result in lower earnings. GTIM nevertheless reported $9.5m of calendar 2021 EBITDA, pricing them at less than 2x EBITDA. YTD Q3-22, adjusted EBITDA has been $4.0m (3.2x annualized EBITDA), with the company citing cost pressures from food and labor inflation as the primary headwinds. Another attractive way to look at the valuation is to focus on the Bad Daddy's locations, assuming the Good Times location recovery was Covid-driven and transitory. We will define Bad Daddy’s FCF as: Sales less Restaurant Opex less advertising plus D&A less maintenance CapEx less allocated SG&A. FY18: $67.4m-61.6m-0.6m+2.8m-$0.4m-5.5m = $2.1m FY19: $79.8m-72.7-0.8+3.4-0.4-7.7 = $1.6m FY20: $76.3m-69.8-0.8+3.3-0.3-5.8 = $2.9m FY21: $88.6m-77.6-0.8+3.1-0.8-7.1 = $5.4m YTD Q3-22: $77.2m-66.8 (Includes D&A)-1.2-0.9-5.0 (est) = $3.3m ($4.4m annualized) Note – 9 Bad Daddy’s locations were opened in FY18 and 4 in FY19 – of the total $7.0m CapEx in FY19, $6.6m was opening new locations, and $9.7m of the $10.1m in FY18 related to new restaurants. FY21 had $1.9m of growth CapEx, and FY20 had $2.0m. I have removed the growth expenditure above to provide a run-rate picture of their cash flow quality.
Seeking Alpha • Sep 26

Good Times Restaurants: The Bullish Thesis Remains Compelling

Summary Good Times Restaurants recently reported Q3 FY22 results, in line with expectations. Profitability remains challenging due to commodity and labor inflation. Despite no long-term debt and healthy growth, the firm currently trades as a distressed asset. I believe this gives value investors a good opportunity to buy an undervalued business with significant upside. I maintain my buy rating on GTIM, although I have lowered my fair value estimate from $8 to $7 per share to account for deteriorating economic conditions. Position sizing is critical in this market, and investors must be prepared to tolerate and capitalize on short-term volatility. Investment Thesis Good Times Restaurants (GTIM) is one of the few stocks with a buy rating at Unlocking Alpha in 2022 (you can read my previous article here). The reason is simple: it's trading significantly lower than its intrinsic value. Following Q3 results published on August 11th, market repricing pushed GTIM into bargain territory once again. The company now trades at less than book value, despite no long-term debt and positive growth. On the flip side, deteriorating economic growth and negative sentiment are growing concerns for markets at this stage, and are weighing down on GTIM in the short term. I remain bullish on GTIM despite the pessimism thanks to the company's positive fundamentals and low valuation. That said, position sizing is very important in this market environment, and it's crucial for investors to be able to withstand and take advantage of short-term volatility. An Update Following Q3 FY22 Results GTIM published Q3 FY22 earnings on August 11th, 2022. Total sales increased by ~7.5% YoY to $36.5 million in the most recent quarter, which is lower than previous quarters' YoY growth rates. Free cash flow reached over $4 million year-to-date, and over $6 million on a TTM basis. Bad Daddy's ("BDBB") continues to be the main growth driver. BDBB's revenue rose by over 11% QoQ growth, of which ~5% is attributable to same-store sales growth. Total restaurant sales for Bad Daddy’s restaurants increased $2.8 million to $27.1 million for the quarter. Same-store sales increased 5.3% during the quarter with 38 Bad Daddy’s in the comp base at the end of the quarter. Matthew Karnes – Senior Vice President-Finance - Q3 FY22 Earnings Call As previously anticipated, Good Times ("GT") sales remain sluggish, but positive comparable sales are definitely a good development. During the earnings call, management touched on their plan to rejuvenate the GT concept, although I believe the results of this strategy will take more than a few quarters to show up in the financials given the pace of the program. Restaurant sales at Good Times were $9.1 million, a decrease of $0.2 million, driven by the closure of one restaurant at the end of March, mostly offset by the 1.6% same-store sales. Matthew Karnes – Senior Vice President-Finance - Q3 FY22 Earnings Call Both concepts faced unprecedented cost inflation, which pressured margins. GTIM generated ~$6.7 million in gross profit, compared to ~$8 million in the same quarter last year despite higher sales, for a gross profit margin of ~18.3% vs ~23.7%. While management sees some relief in some key products, chicken products remain "at stubbornly high levels", and their price hikes have failed to preserve the same profitability levels so far. Labor is another key factor contributing to lower profits. In some instances, labor costs increased up to over 30% YoY in order to attract new talent. As a result, we are now seeing a normalization of both gross and operating profit margins. We saw cost pressures across the restaurant P&L driven by high product costs, partially offset by a 6.8% year-over-year menu price increase at Bad Daddy’s and an 8.2% year-over-year menu price increase at Good Times. Protein costs, namely beef and bacon, have shown some price stability from last quarter, and we’ve seen improvement in the pricing of chicken wings. But chicken breast, which is our main shipping product of both concepts continues to remain at stubbornly high levels.$ We believe that the final quarter of this fiscal year will continue to show pressure on restaurant level margins with food and labor cost percentages that are higher than our long-term target. Ryan Zink – President and Chief Executive Officer - Q3 FY22 Earnings Call Refinitiv Eikon On the balance sheet side, GTIM maintains a prudent approach to capital allocation. The company continues to operate without long-term debt, although it could be argued that leveraging the balance sheet in H2 2020 or in 2021 to lock in historically low interest rates could have been a good move given where yields are today. As a result, CAPEX continues to be entirely financed by cash from operating activities. That said, a strong balance sheet gives GTIM the upper hand in the coming 18 months over competitors using too much leverage.
Seeking Alpha • Aug 11

Good Times Restaurants GAAP EPS of $0.04, revenue of $36.5M

Good Times Restaurants press release (NASDAQ:GTIM): Q3 GAAP EPS of $0.04. Revenue of $36.5M (+7.7% Y/Y).
分析記事 • Jul 23

With EPS Growth And More, Good Times Restaurants (NASDAQ:GTIM) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
分析記事 • Jun 14

Returns On Capital Are Showing Encouraging Signs At Good Times Restaurants (NASDAQ:GTIM)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha • May 16

Good Times Restaurants: Is There Light At The End Of The Tunnel?

The Macro environment for restaurants has deteriorated significantly. GTIM's Q2 2022 results showed massive margin pressure. GTIM should be able to survive this short-term headwind and come out better on the other side.
分析記事 • May 14

Good Times Restaurants Inc. (NASDAQ:GTIM) Not Doing Enough For Some Investors As Its Shares Slump 26%

Unfortunately for some shareholders, the Good Times Restaurants Inc. ( NASDAQ:GTIM ) share price has dived 26% in the...
Seeking Alpha • Apr 08

Good Times Restaurants: The Recent Pullback Provides A Good Entry Point

GTIM is trading at less than 9x LTM free cash flow for a company likely to grow at a mid-single-digit rate going forward. The main catalysts remain unit growth, strong positive comparable sales in the BDBB segment, and buybacks. GTIM could double over the next few years if the abovementioned free cash flow growth rate can be achieved.
分析記事 • Jan 07

Estimating The Fair Value Of Good Times Restaurants Inc. (NASDAQ:GTIM)

Does the January share price for Good Times Restaurants Inc. ( NASDAQ:GTIM ) reflect what it's really worth? Today, we...
Seeking Alpha • Jan 06

Good Times Restaurants: A Speculative Food Service Play Under 3x EBITDA

Good Times is a super-cheap restaurant stock that may be on the verge of better growth. Day-to-day management execution of its natural burger and frozen custard store concepts will be key to the stock's price direction in 2022. Improving share performance and a zero-debt balance sheet are noteworthy.
Seeking Alpha • Oct 29

Good Times Restaurants Offers A Good Risk-Reward Situation

The stock had a stellar performance in the past 12 months (1-year return of 210.5%), outperforming the S&P 500 index and the Russell 2000 index. I expect unit and same-store sales growth to serve as catalysts and drive the stock price higher in the near future. GTIM is currently trading at 5x EV/EBITDA, which is a lower valuation than most of its peers.
分析記事 • Jun 09

Good Times Restaurants (NASDAQ:GTIM) Is Doing The Right Things To Multiply Its Share Price

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

株主還元

GTIMUS HospitalityUS 市場
7D2.4%1.1%-0.3%
1Y-18.1%-3.7%26.7%

業界別リターン: GTIM過去 1 年間で-3.7 % の収益を上げたUS Hospitality業界を下回りました。

リターン対市場: GTIMは、過去 1 年間で26.7 % のリターンを上げたUS市場を下回りました。

価格変動

Is GTIM's price volatile compared to industry and market?
GTIM volatility
GTIM Average Weekly Movement3.8%
Hospitality Industry Average Movement7.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.2%

安定した株価: GTIM 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。

時間の経過による変動: GTIMの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。

会社概要

設立従業員CEO（最高経営責任者ウェブサイト
19872,078Ryan Zinkwww.goodtimesburgers.com

グッドタイムズ・レストランツは子会社を通じて米国でレストラン事業を営んでいる。同社はクイックサービスのドライブスルー・レストラン「Good Times Burgers & Frozen Custard」を所有、運営、フランチャイズしており、フルサービスの高級カジュアルダイニング「Bad Daddy's Burger Bar」を所有、運営、フランチャイズ、ライセンス供与している。グッドタイムズ・レストランツは1987年に法人化され、コロラド州ゴールデンに本社を置いている。

Good Times Restaurants Inc. 基礎のまとめ

Good Times Restaurants の収益と売上を時価総額と比較するとどうか。
GTIM 基礎統計学
時価総額US$13.20m
収益（TTM）US$1.81m
売上高(TTM)US$136.96m
7.4x
PER（株価収益率
0.1x
P/Sレシオ

GTIM は割高か？

公正価値と評価分析を参照

収益と収入

最新の決算報告書（TTM）に基づく主な収益性統計
GTIM 損益計算書（TTM）
収益US$136.96m
売上原価US$123.10m
売上総利益US$13.86m
その他の費用US$12.04m
収益US$1.81m

直近の収益報告

Mar 31, 2026

次回決算日

該当なし

一株当たり利益（EPS）0.17
グロス・マージン10.12%
純利益率1.32%
有利子負債／自己資本比率3.1%

GTIM の長期的なパフォーマンスは？

過去の実績と比較を見る

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/20 15:33
終値2026/05/20 00:00
収益2026/03/31
年間収益2025/09/30

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Good Times Restaurants Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6

アナリスト機関
Jeremy HamblinColliers Securities
Alex FuhrmanCraig-Hallum Capital Group LLC
Stephen AndersonMaxim Group