Noodles
Market Cap
€232.7m
Last Updated
2020/06/01 00:09 UTC
Data Sources
Company Financials +
Executive Summary
Noodles & Company develops and operates fast-casual restaurants in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Noodles's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NO3's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
7.8%
NO3
22.9%
DE Hospitality
3.1%
DE Market
1 Year Return
-20.9%
NO3
-29.7%
DE Hospitality
0.1%
DE Market
Return vs Industry: NO3 exceeded the German Hospitality industry which returned -29.7% over the past year.
Return vs Market: NO3 underperformed the German Market which returned 0.1% over the past year.
Shareholder returns
| NO3 | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.8% | 22.9% | 3.1% |
| 30 Day | -13.8% | 20.0% | 5.6% |
| 90 Day | -27.5% | -16.6% | -1.8% |
| 1 Year | -20.9%-20.9% | -27.1%-29.7% | 1.8%0.1% |
| 3 Year | 19.0%19.0% | -49.8%-56.5% | -7.2%-14.3% |
| 5 Year | -64.4%-64.4% | -47.8%-58.7% | 4.3%-9.1% |
Price Volatility Vs. Market
How volatile is Noodles's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Noodles undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NO3 (€5) is trading below our estimate of fair value (€27.98)
Significantly Below Fair Value: NO3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NO3 is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.
PE vs Market: NO3 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NO3's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NO3 is overvalued based on its PB Ratio (5.8x) compared to the DE Hospitality industry average (2x).
Next Steps
Future Growth
How is Noodles forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
129.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NO3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).
Earnings vs Market: NO3 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NO3's is expected to become profitable in the next 3 years.
Revenue vs Market: NO3's revenue (10.7% per year) is forecast to grow faster than the German market (5.8% per year).
High Growth Revenue: NO3's revenue (10.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NO3's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Noodles performed over the past 5 years?
11.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NO3 is currently unprofitable.
Growing Profit Margin: NO3 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NO3 is unprofitable, but has reduced losses over the past 5 years at a rate of 11.5% per year.
Accelerating Growth: Unable to compare NO3's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NO3 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-36.8%).
Return on Equity
High ROE: NO3 has a negative Return on Equity (-5.2%), as it is currently unprofitable.
Next Steps
Financial Health
How is Noodles's financial position?
Financial Position Analysis
Short Term Liabilities: NO3's short term assets ($64.9M) exceed its short term liabilities ($50.1M).
Long Term Liabilities: NO3's short term assets ($64.9M) do not cover its long term liabilities ($319.2M).
Debt to Equity History and Analysis
Debt Level: NO3 is debt free.
Reducing Debt: NO3 has no debt compared to 5 years ago when its debt to equity ratio was 16.3%.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NO3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NO3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.8% per year.
Next Steps
Dividend
What is Noodles's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NO3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NO3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NO3's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NO3's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NO3's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Dave Boennighausen (41yo)
2.92yrs
Tenure
US$1,630,469
Compensation
Mr. Dave Boennighausen has been the Chief Executive Officer of Noodles & Company since June 14, 2017 and as its Director since August 21, 2015. Mr. Boennighausen served as Chief Executive Officer of Noodle ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.63M) is above average for companies of similar size in the German market ($USD712.37K).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.92yrs | US$1.63m | 0.074% $171.6k | |
| Chief Financial Officer | 1.5yrs | US$820.86k | 0.0079% $18.4k | |
| Executive Vice President of Operations | 2.67yrs | US$657.22k | 0.051% $118.7k | |
| Executive VP | 2.42yrs | US$687.26k | 0.0028% $6.5k | |
| VP & Controller | 13.75yrs | US$391.65k | 0.060% $140.5k | |
| Chief Marketing Officer | 0.42yr | no data | no data |
2.5yrs
Average Tenure
50.5yo
Average Age
Experienced Management: NO3's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.92yrs | US$1.63m | 0.074% $171.6k | |
| Independent Director | 9.42yrs | US$54.99k | no data | |
| Independent Chairman Of the Board | 0.67yr | US$171.59k | 0.10% $244.2k | |
| Independent Director | 2.67yrs | US$114.54k | 0.055% $128.4k | |
| Independent Director | 3.83yrs | US$132.72k | 0.25% $590.4k | |
| Independent Director | 2.67yrs | US$126.36k | 0.055% $128.4k | |
| Independent Director | 0.42yr | US$22.92k | 0.028% $66.2k |
2.7yrs
Average Tenure
51yo
Average Age
Experienced Board: NO3's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Noodles & Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Noodles & Company
- Ticker: NO3
- Exchange: DB
- Founded: 1995
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: US$258.688m
- Listing Market Cap: US$232.690m
- Shares outstanding: 44.14m
- Website: https://www.noodles.com
Number of Employees
Location
- Noodles & Company
- 520 Zang Street
- Suite D
- Broomfield
- Colorado
- 80021
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NDLS | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Jun 2013 |
| NO3 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jun 2013 |
Biography
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 31, 2019, the company operated 389 company-owned and 68 franchised restaurants in 29 states, and the District of Columbia. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 00:09 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.