The Cheesecake Factory Incorporated engages in the operation of restaurants.
Outstanding track record average dividend payer.
Share Price & News
How has Cheesecake Factory's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CF2 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CF2 underperformed the German Hospitality industry which returned -9.7% over the past year.
Return vs Market: CF2 underperformed the German Market which returned 6.5% over the past year.
Price Volatility Vs. Market
How volatile is Cheesecake Factory's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Cheesecake Factory undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CF2 (€35.4) is trading above our estimate of fair value (€31.87)
Significantly Below Fair Value: CF2 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CF2 is good value based on its PE Ratio (12.7x) compared to the Hospitality industry average (25.2x).
PE vs Market: CF2 is good value based on its PE Ratio (12.7x) compared to the German market (20x).
Price to Earnings Growth Ratio
PEG Ratio: CF2 is poor value based on its PEG Ratio (20x)
Price to Book Ratio
PB vs Industry: CF2 is overvalued based on its PB Ratio (3.1x) compared to the DE Hospitality industry average (2.2x).
How is Cheesecake Factory forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CF2's forecast earnings growth (0.6% per year) is above the savings rate (-0.4%).
Earnings vs Market: CF2's earnings (0.6% per year) are forecast to grow slower than the German market (13.1% per year).
High Growth Earnings: CF2's earnings are forecast to grow, but not significantly.
Revenue vs Market: CF2's revenue (10.1% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: CF2's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CF2's Return on Equity is forecast to be high in 3 years time (23.4%)
How has Cheesecake Factory performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CF2 has high quality earnings.
Growing Profit Margin: CF2's current net profit margins (5.1%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: CF2's earnings have grown by 0.5% per year over the past 5 years.
Accelerating Growth: CF2's earnings growth over the past year (27.9%) exceeds its 5-year average (0.5% per year).
Earnings vs Industry: CF2 earnings growth over the past year (27.9%) exceeded the Hospitality industry -36.8%.
Return on Equity
High ROE: CF2's Return on Equity (23.8%) is considered high.
How is Cheesecake Factory's financial position?
Financial Position Analysis
Short Term Liabilities: CF2's short term assets ($449.1M) exceed its short term liabilities ($433.8M).
Long Term Liabilities: CF2's short term assets ($449.1M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: CF2's debt to equity ratio (62.8%) is considered high.
Reducing Debt: CF2's debt to equity ratio has increased from 14% to 62.8% over the past 5 years.
Debt Coverage: CF2's debt is well covered by operating cash flow (67.3%).
Interest Coverage: CF2's interest payments on its debt are well covered by EBIT (51.3x coverage).
Inventory Level: CF2 has a high level of physical assets or inventory.
Debt Coverage by Assets: CF2's debt is covered by short term assets (assets are 1.3x debt).
What is Cheesecake Factory's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CF2's dividend (3.93%) is higher than the bottom 25% of dividend payers in the German market (1.46%).
High Dividend: CF2's dividend (3.93%) is in the top 25% of dividend payers in the German market (3.81%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CF2 has been paying a dividend for less than 10 years.
Growing Dividend: CF2's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.6%), CF2's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CF2's dividends in 3 years are forecast to be covered by earnings (56.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Overton (73yo)
Mr. David M. Overton Founded Grand Lux Cafe, LLC in 1999. Mr. Overton Co-founded The Cheesecake Factory Incorporated's predecessor company in 1972. He has been Chairman and Chief Executive Officer of Chees ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD6.27M) is above average for companies of similar size in the German market ($USD1.68M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
|Chairman & CEO||28yrs||US$6.27m||7.05% $112.3m|
|Executive VP & CFO||2.6yrs||US$1.69m||0.028% $443.5k|
|Executive VP||1.8yrs||US$1.36m||0.018% $285.4k|
|President of The Cheesecake Factory Bakery Incorporated||1.8yrs||US$1.03m||0.051% $814.6k|
|Chief Accounting Officer||15yrs||US$387.59k||0.062% $995.2k|
|Vice President of Investor Relations||0yrs||no data||no data|
|Chief Marketing Officer & Senior VP||8.5yrs||no data||no data|
|Senior Vice President of Human Resources||10yrs||no data||no data|
|Chief Culinary Officer & Executive VP||0yrs||no data||no data|
Experienced Management: CF2's management team is seasoned and experienced (7.8 years average tenure).
|Chairman & CEO||28yrs||US$6.27m||7.05% $112.3m|
|Independent Director||10.8yrs||US$210.00k||0.028% $439.8k|
|Independent Director||8.7yrs||US$195.00k||0.44% $7.0m|
|Independent Director||7.9yrs||US$195.00k||0.028% $446.2k|
|Lead Director||7.9yrs||US$227.50k||0.031% $490.8k|
|Independent Director||12yrs||US$207.50k||0.011% $181.7k|
|Independent Director||3.2yrs||US$195.00k||0.010% $165.7k|
Experienced Board: CF2's board of directors are considered experienced (8.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Cheesecake Factory Incorporated's company bio, employee growth, exchange listings and data sources
- Name: The Cheesecake Factory Incorporated
- Ticker: CF2
- Exchange: DB
- Founded: 1972
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: US$1.733b
- Listing Market Cap: US$1.593b
- Shares outstanding: 44.63m
- Website: https://www.thecheesecakefactory.com
Number of Employees
- The Cheesecake Factory Incorporated
- 26901 Malibu Hills Road
- Calabasas Hills
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CAKE||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Sep 1992|
|CF2||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Sep 1992|
The Cheesecake Factory Incorporated engages in the operation of restaurants. The company produces cheesecakes and other baked products for own restaurants and international licensees, as well as external foodservice operators, retailers, and distributors. As of December 10, 2019, it owned and operated 294 restaurants throughout the United States and Canada under brands, including The Cheesecake Factory and North Italia; and a collection of Fox Restaurant Concepts, as well as 24 The Cheesecake Factory restaurants operated under licensing agreements internationally. The company was founded in 1972 and is headquartered in Calabasas, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 22:24|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.