Reported Earnings • Aug 13
Third quarter 2026 earnings released: EPS: US$1.11 (vs US$0.75 in 3Q 2025) Third quarter 2026 results: EPS: US$1.11 (up from US$0.75 in 3Q 2025). Revenue: US$56.2m (up 7.9% from 3Q 2025). Net income: US$2.06m (up 48% from 3Q 2025). Profit margin: 3.7% (up from 2.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €37.00, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 15x in the Hospitality industry in Germany. Total returns to shareholders of 44% over the past three years. Buy Or Sell Opportunity • Jul 22
Now 21% undervalued Over the last 90 days, the stock has risen 31% to €32.60. The fair value is estimated to be €41.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 6.1%. New Risk • Jul 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€67.7m market cap, or US$77.3m). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €34.80, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 18x in the Hospitality industry in Germany. Total returns to shareholders of 30% over the past three years. Declared Dividend • May 31
Dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 10th June 2026 Payment date: 26th June 2026 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 27
Flanigan's Enterprises, Inc Declares A Cash Dividend , Payable on June 26, 2026 FLANIGAN'S ENTERPRISES, INC announced that on May 21, 2026 the Board of Directors declared a cash dividend of 60 cents per share to shareholders of record on June 10, 2026, payable on June 26, 2026. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director John Foster was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 26
Flanigan's Enterprises, Inc., Annual General Meeting, Feb 27, 2026 Flanigan's Enterprises, Inc., Annual General Meeting, Feb 27, 2026. Location: at our corporate headquarters, 5059 n.e., 18th avenue, florida 33334, fort lauderdale United States Announcement • May 28
Flanigan's Enterprises, Inc. Declares Cash Dividend, Payable on June 27, 2025 Flanigan's Enterprises, Inc. announced that on May 22, 2025 the Board of Directors declared a cash dividend of 55 cents per share to shareholders of record on June 12, 2025, payable on June 27, 2025. Announcement • May 14
Flanigan's Enterprises, Inc. announced delayed 10-Q filing On 05/13/2025, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jan 27
Flanigan's Enterprises, Inc., Annual General Meeting, Feb 28, 2025 Flanigan's Enterprises, Inc., Annual General Meeting, Feb 28, 2025. Location: our corporate headquarters, 5059 n.e. 18th avenue, florida 33334., fort lauderdale United States Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €25.20, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the Hospitality industry in Germany. Total returns to shareholders of 33% over the past three years. Reported Earnings • Aug 15
Third quarter 2024 earnings released: EPS: US$0.60 (vs US$0.86 in 3Q 2023) Third quarter 2024 results: EPS: US$0.60 (down from US$0.86 in 3Q 2023). Revenue: US$49.1m (up 8.3% from 3Q 2023). Net income: US$1.12m (down 30% from 3Q 2023). Profit margin: 2.3% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Declared Dividend • May 31
Dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • May 29
Flanigan's Enterprises, Inc. Declares Dividend, Payable on June 28, 2024 Flanigan's Enterprises, Inc. announced that on May 23, 2024, the Board of Directors declared a cash dividend of 50 cents per share to shareholders of record on June 14, 2024, payable on June 28, 2024. Reported Earnings • May 16
Second quarter 2024 earnings released: EPS: US$1.05 (vs US$1.02 in 2Q 2023) Second quarter 2024 results: EPS: US$1.05 (up from US$1.02 in 2Q 2023). Revenue: US$48.1m (up 9.9% from 2Q 2023). Net income: US$1.94m (up 2.4% from 2Q 2023). Profit margin: 4.0% (down from 4.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Feb 14
First quarter 2024 earnings released: EPS: US$0.059 (vs US$0.34 in 1Q 2023) First quarter 2024 results: EPS: US$0.059 (down from US$0.34 in 1Q 2023). Revenue: US$45.1m (up 7.9% from 1Q 2023). Net income: US$109.0k (down 83% from 1Q 2023). Profit margin: 0.2% (down from 1.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Jan 27
Flanigan's Enterprises, Inc., Annual General Meeting, Feb 23, 2024 Flanigan's Enterprises, Inc., Annual General Meeting, Feb 23, 2024, at 10:00 US Eastern Standard Time. Location: corporate offices at 5059 N.E. 18thAvenue Fort Lauderdale Florida United States Agenda: To consider the election of three directors for a term of three years; and to consider any other matters that may properly come before the meeting. Reported Earnings • Dec 31
Full year 2023 earnings released: EPS: US$2.15 (vs US$3.40 in FY 2022) Full year 2023 results: EPS: US$2.15 (down from US$3.40 in FY 2022). Revenue: US$174.4m (up 10% from FY 2022). Net income: US$4.00m (down 37% from FY 2022). Profit margin: 2.3% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Market cap is less than US$100m (€55.0m market cap, or US$59.8m). Reported Earnings • Aug 17
Third quarter 2023 earnings released: EPS: US$0.86 (vs US$0.99 in 3Q 2022) Third quarter 2023 results: EPS: US$0.86 (down from US$0.99 in 3Q 2022). Revenue: US$45.3m (up 12% from 3Q 2022). Net income: US$1.61m (down 13% from 3Q 2022). Profit margin: 3.5% (down from 4.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Board Change • Jun 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director John Foster was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 26
Flanigan's Enterprises, Inc. Declares Cash Dividend, Payable on June 26, 2023 Flanigan's Enterprises, Inc. announced that on May 25, 2023, the Board of Directors declared a cash dividend of 45 cents per share to shareholders of record on June 12, 2023, payable on June 26, 2023. Reported Earnings • May 18
Second quarter 2023 earnings released: EPS: US$1.02 (vs US$0.89 in 2Q 2022) Second quarter 2023 results: EPS: US$1.02 (up from US$0.89 in 2Q 2022). Revenue: US$43.8m (up 8.8% from 2Q 2022). Net income: US$1.90m (up 14% from 2Q 2022). Profit margin: 4.3% (up from 4.1% in 2Q 2022). The increase in margin was driven by higher revenue. Board Change • May 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director John Foster was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 15
Flanigan's Enterprises, Inc. announced delayed 10-Q filing On 02/14/2023, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jan 27
Flanigan's Enterprises, Inc., Annual General Meeting, Feb 24, 2023 Flanigan's Enterprises, Inc., Annual General Meeting, Feb 24, 2023, at 10:00 US Eastern Standard Time. Location: The corporate headquarters at 5059 N.E. 18th Avenue Fort Lauderdale Florida United States Agenda: To elect three directors of the Company to hold office until the year 2026 Annual Meeting and until their successors are elected; and to transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. Announcement • Dec 30
Flanigan's Enterprises, Inc. announced delayed annual 10-K filing On 12/29/2022, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director John Foster was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 18
Third quarter 2022 earnings released: EPS: US$0.99 (vs US$3.87 in 3Q 2021) Third quarter 2022 results: EPS: US$0.99 (down from US$3.87 in 3Q 2021). Revenue: US$40.7m (up 7.4% from 3Q 2021). Net income: US$1.84m (down 75% from 3Q 2021). Profit margin: 4.5% (down from 19% in 3Q 2021). Board Change • Aug 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director John Foster was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 18
Flanigan's Enterprises, Inc. announced delayed 10-Q filing On 05/17/2022, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Board Change • May 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director John Foster was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 04
Flanigan's Enterprises, Inc. Declares Cash Dividend, Payable on April 19, 2022 On February 25, 2022, the board of directors of Flanigan's Enterprises, Inc. declared a cash dividend of $1.00 per share to shareholders of record on March 31, 2022, payable on April 19, 2022. Announcement • Feb 17
Flanigan's Enterprises, Inc. announced delayed 10-Q filing On 02/16/2022, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Jan 30
Flanigan's Enterprises, Inc., Annual General Meeting, Feb 25, 2022 Flanigan's Enterprises, Inc., Annual General Meeting, Feb 25, 2022, at 10:00 US Eastern Standard Time. Location: Corporate offices at 5059 N.E. 18th Avenue Fort Lauderdale Florida United States Agenda: To elect three directors of the Company to hold office until the year 2025 Annual Meeting and until their successors are elected; to adopt a non-binding resolution to approve the compensation of the company's Named Executive Officers; and to transact such other business as may properly come before the Annual Meeting or any postponement or adjournment thereof. Announcement • Jan 05
Flanigan's Enterprises, Inc. announced delayed annual 10-K filing On 01/03/2022, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improved over the past week After last week's 16% share price gain to €28.60, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 42x in the Hospitality industry in Germany. Reported Earnings • Aug 19
Third quarter 2021 earnings released: EPS US$3.87 (vs US$0.24 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$37.9m (up 60% from 3Q 2020). Net income: US$7.20m (up US$7.65m from 3Q 2020). Profit margin: 19% (up from net loss in 3Q 2020). Announcement • May 21
Flanigan's Enterprises, Inc. announced delayed 10-Q filing On 05/19/2021, Flanigan's Enterprises, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
