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Noodles

DB:NO3
Snowflake Description

Moderate growth potential with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NO3
DB
$312M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Noodles & Company develops and operates fast-casual restaurants in the United States. The last earnings update was 38 days ago. More info.


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NO3 Share Price and Events
7 Day Returns
-3.1%
DB:NO3
0.1%
DE Hospitality
0.3%
DE Market
1 Year Returns
-26.8%
DB:NO3
-52.1%
DE Hospitality
-11.7%
DE Market
NO3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Noodles (NO3) -3.1% -12.2% 6.9% -26.8% -28.9% -75.2%
DE Hospitality 0.1% -9.9% -9.2% -52.1% -28.9% -25.1%
DE Market 0.3% -2.3% -1.1% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • NO3 outperformed the Hospitality industry which returned -52.1% over the past year.
  • NO3 underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
NO3
Industry
5yr Volatility vs Market
Related Companies

NO3 Value

 Is Noodles undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Noodles to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Noodles.

DB:NO3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NO3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.92 (1 + (1- 21%) (98.23%))
1.425
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.425 * 5.96%)
8.72%

Discounted Cash Flow Calculation for DB:NO3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Noodles is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:NO3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.72%)
2019 16.00 Analyst x1 14.72
2020 1.00 Analyst x1 0.85
2021 -0.23 Est @ -123.21% -0.18
2022 -0.43 Est @ -86.18% -0.31
2023 -0.69 Est @ -60.25% -0.46
2024 -0.98 Est @ -42.11% -0.60
2025 -1.27 Est @ -29.41% -0.71
2026 -1.53 Est @ -20.52% -0.79
2027 -1.75 Est @ -14.29% -0.83
2028 -1.93 Est @ -9.94% -0.84
Present value of next 10 years cash flows $10.86
DB:NO3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $-1.93 × (1 + 0.23%) ÷ (8.72% – 0.23%)
$-22.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $-22.76 ÷ (1 + 8.72%)10
$-9.86
DB:NO3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10.86 + $-9.86
$1.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1.00 / 43.95
$0.02
DB:NO3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NO3 represents 0.8859x of NasdaqGS:NDLS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8859x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.02 x 0.8859
€0.02
Value per share (EUR) From above. €0.02
Current discount Discount to share price of €6.22
= -1 x (€6.22 - €0.02) / €0.02
-30724.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Noodles is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Noodles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Noodles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NO3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-02) in USD $-0.16
NasdaqGS:NDLS Share Price ** NasdaqGS (2019-06-17) in USD $7.02
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Noodles.

DB:NO3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:NDLS Share Price ÷ EPS (both in USD)

= 7.02 ÷ -0.16

-44.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noodles is loss making, we can't compare its value to the DE Hospitality industry average.
  • Noodles is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Noodles's expected growth come at a high price?
Raw Data
DB:NO3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -44.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
101.2%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Noodles, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Noodles's assets?
Raw Data
DB:NO3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-02) in USD $1.04
NasdaqGS:NDLS Share Price * NasdaqGS (2019-06-17) in USD $7.02
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:NO3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:NDLS Share Price ÷ Book Value per Share (both in USD)

= 7.02 ÷ 1.04

6.77x

* Primary Listing of Noodles.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Noodles is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Noodles's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Noodles has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NO3 Future Performance

 How is Noodles expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
101.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Noodles expected to grow at an attractive rate?
  • Noodles's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Noodles's earnings growth is expected to exceed the Germany market average.
  • Noodles's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NO3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NO3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 101.2%
DB:NO3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.6%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NO3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NO3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 494 1
2020-12-31 492 38 11 5
2019-12-31 468 33 6 5
DB:NO3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-02 457 6 -7
2019-01-01 458 5 -8
2018-10-02 457 6 -9
2018-07-03 455 15 -18
2018-04-03 450 11 -21
2018-01-02 456 4 -45
2017-10-03 473 2 -90
2017-07-04 482 4 -92
2017-04-04 490 11 -97
2017-01-03 487 25 -72
2016-09-27 475 23 -31
2016-06-28 470 34 -31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Noodles's earnings are expected to grow significantly at over 20% yearly.
  • Noodles's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NO3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Noodles Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NO3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.25 0.28 0.18 4.00
2019-12-31 0.15 0.16 0.13 4.00
DB:NO3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-02 -0.16
2019-01-01 -0.20
2018-10-02 -0.21
2018-07-03 -0.45
2018-04-03 -0.52
2018-01-02 -1.20
2017-10-03 -2.62
2017-07-04 -2.95
2017-04-04 -3.48
2017-01-03 -2.58
2016-09-27 -1.10
2016-06-28 -1.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Noodles is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Noodles's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Noodles has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NO3 Past Performance

  How has Noodles performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Noodles's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Noodles does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Noodles's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Noodles's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Noodles's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Noodles Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NO3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-02 457.36 -6.72 45.95
2019-01-01 457.84 -8.44 45.84
2018-10-02 457.42 -8.95 41.39
2018-07-03 454.91 -18.33 40.87
2018-04-03 450.30 -21.21 39.91
2018-01-02 456.49 -45.45 41.08
2017-10-03 473.12 -90.34 51.92
2017-07-04 481.59 -91.84 52.65
2017-04-04 490.20 -97.11 53.22
2017-01-03 487.47 -71.68 53.09
2016-09-27 475.20 -30.56 43.78
2016-06-28 469.85 -30.54 43.67
2016-03-29 463.68 -13.39 43.43
2015-12-29 455.45 -13.77 41.65
2015-09-29 446.87 -5.98 39.88
2015-06-30 435.76 6.79 38.01
2015-03-31 419.98 7.25 36.90
2014-12-30 403.74 11.43 35.72
2014-09-30 386.66 10.30 40.72
2014-07-01 369.38 10.62 40.24
2014-04-01 359.16 7.17 39.69
2013-12-31 350.92 6.67 39.70
2013-10-01 337.38 5.82 33.81
2013-07-02 325.55 2.68 35.26
2013-04-02 311.80 4.80 33.34
2013-01-01 300.41 5.16 32.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Noodles has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Noodles has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Noodles improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Noodles's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Noodles has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NO3 Health

 How is Noodles's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Noodles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Noodles's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Noodles's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Noodles's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Noodles Company Filings, last reported 2 months ago.

DB:NO3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-02 45.60 306.93 1.80
2019-01-01 52.68 44.90 4.66
2018-10-02 51.98 47.79 1.92
2018-07-03 26.17 63.40 3.64
2018-04-03 31.41 62.87 2.62
2018-01-02 35.86 57.62 3.36
2017-10-03 35.90 63.86 2.09
2017-07-04 43.93 60.89 3.16
2017-04-04 45.20 52.80 3.25
2017-01-03 25.82 84.68 1.84
2016-09-27 70.83 83.99 1.97
2016-06-28 79.29 78.50 1.89
2016-03-29 92.11 74.09 1.91
2015-12-29 93.77 67.73 1.91
2015-09-29 97.50 60.40 2.02
2015-06-30 136.62 29.92 2.00
2015-03-31 138.79 22.46 1.64
2014-12-30 140.12 27.14 1.91
2014-09-30 135.66 21.50 2.25
2014-07-01 131.89 9.63 0.71
2014-04-01 126.72 6.60 0.67
2013-12-31 124.47 6.31 0.97
2013-10-01 122.51 1.71 0.59
2013-07-02 119.24 0.21 0.62
2013-04-02 11.74 100.26 0.98
2013-01-01 10.41 94.48 0.58
  • Noodles's level of debt (105.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.3% vs 105.4% today).
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.

  • Noodles has less than a year of cash runway based on current free cash flow.
  • Noodles has less than a year of cash runway if free cash flow continues to reduce at historical rates of -48.1% each year.
X
Financial health checks
We assess Noodles's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Noodles has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NO3 Dividends

 What is Noodles's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Noodles dividends. Estimated to be 0% next year.
If you bought €2,000 of Noodles shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Noodles's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Noodles's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NO3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NO3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Noodles has not reported any payouts.
  • Unable to verify if Noodles's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Noodles's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Noodles has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Noodles's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Noodles's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Noodles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Noodles has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NO3 Management

 What is the CEO of Noodles's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Boennighausen
COMPENSATION $1,870,992
AGE 40
TENURE AS CEO 2 years
CEO Bio

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 Noodles & Company since July 25, 2016 until June 14, 2017 and served as its Chief Financial Officer since July 2012 until June 14, 2017. He has been with the Noodles & Company since 2004 and served as its Vice President of Finance from October 2007 to March 2011 and Executive Vice President of Finance from April 2011 to February 2012. He began his career with May Department Stores. He received a BS in Finance and Marketing from Truman State University and holds an MBA from the Stanford Graduate School of Business.

CEO Compensation
  • Dave's compensation has increased whilst company is loss making.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Noodles management team in years:

1.6
Average Tenure
54
Average Age
  • The average tenure for the Noodles management team is less than 2 years, this suggests a new team.
Management Team

Paul J. Murphy

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
63

Dave Boennighausen

TITLE
CEO & Director
COMPENSATION
$2M
AGE
40
TENURE
2 yrs

Ken Kuick

TITLE
Chief Financial Officer
COMPENSATION
$430K
AGE
49
TENURE
0.6 yrs

Melissa Heidman

TITLE
Executive VP
COMPENSATION
$690K
AGE
50
TENURE
1.5 yrs

Chas Hermann

TITLE
Chief Brand Officer
COMPENSATION
$1M
AGE
55
TENURE
1.3 yrs

Thomas West

TITLE
Executive Vice President of Operations
AGE
60
TENURE
1.8 yrs

Kathy Lockhart

TITLE
VP & Controller
COMPENSATION
$280K
AGE
54
TENURE
12.8 yrs
Board of Directors Tenure

Average tenure and age of the Noodles board of directors in years:

2
Average Tenure
57.5
Average Age
  • The average tenure for the Noodles board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dave Boennighausen

TITLE
CEO & Director
COMPENSATION
$2M
AGE
40
TENURE
3.8 yrs

Jeff Jones

TITLE
Lead Independent Director
COMPENSATION
$150K
AGE
56
TENURE
1.9 yrs

Paul J. Murphy

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
63
TENURE
1.9 yrs

Bob Hartnett

TITLE
Director
COMPENSATION
$110K
AGE
66
TENURE
2.9 yrs

Mary Egan

TITLE
Independent Director
COMPENSATION
$143K
AGE
50
TENURE
1.8 yrs

Andrew Taub

TITLE
Independent Director
COMPENSATION
$100K
AGE
50
TENURE
8.5 yrs

Tom Lynch

TITLE
Independent Director
COMPENSATION
$100K
AGE
59
TENURE
2.2 yrs

Drew Madsen

TITLE
Independent Director
COMPENSATION
$133K
AGE
62
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 19 Sell Public Sector Pension Investment Board Company 22. Mar 19 22. Mar 19 -1,250,000 €5.76 €-7,193,875
30. Nov 18 Sell Mill Road Capital LP Company 28. Nov 18 28. Nov 18 -1,858,387 €7.89 €-14,659,087
30. Nov 18 Sell Public Sector Pension Investment Board Company 28. Nov 18 28. Nov 18 -1,858,387 €7.89 €-14,659,087
29. Nov 18 Sell L Catterton Partners Company 29. Nov 18 29. Nov 18 -1,858,387 €7.82 €-14,535,039
18. Oct 18 Sell Kathy Lockhart Individual 16. Oct 18 16. Oct 18 -950 €11.22 €-10,657
02. Aug 18 Sell Public Sector Pension Investment Board Company 31. Jul 18 31. Jul 18 -360,996 €8.12 €-2,930,475
02. Aug 18 Sell L Catterton Partners Company 02. Aug 18 02. Aug 18 -526,541 €8.61 €-4,533,518
02. Aug 18 Sell Mill Road Capital LP Company 31. Jul 18 31. Jul 18 -387,463 €8.12 €-3,145,328
30. Jul 18 Sell L Catterton Partners Company 26. Jul 18 26. Jul 18 -2,477,842 €8.57 €-21,245,017
30. Jul 18 Sell Public Sector Pension Investment Board Company 26. Jul 18 26. Jul 18 -1,698,805 €8.15 €-13,837,276
30. Jul 18 Sell Mill Road Capital LP Company 26. Jul 18 26. Jul 18 -1,823,353 €8.15 €-14,851,757
X
Management checks
We assess Noodles's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Noodles has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NO3 News

Simply Wall St News

NO3 Company Info

Description

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 January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.

Details
Name: Noodles & Company
NO3
Exchange: DB
Founded: 1995
$278,436,437
43,947,080
Website: http://www.noodles.com
Address: Noodles & Company
520 Zang Street,
Suite D,
Broomfield,
Colorado, 80021,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS NDLS Class A Common Stock Nasdaq Global Select US USD 28. Jun 2013
DB NO3 Class A Common Stock Deutsche Boerse AG DE EUR 28. Jun 2013
Number of employees
Current staff
Staff numbers
9,400
Noodles employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 22:13
End of day share price update: 2019/06/17 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/05/10
Last earnings reported: 2019/04/02
Last annual earnings reported: 2019/01/01


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.