NasdaqGS:BLMN

Stock Analysis Report

Executive Summary

Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally.


Snowflake Analysis

Solid track record and good value.


Similar Companies

Share Price & News

How has Bloomin' Brands's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BLMN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.9%

BLMN

-1.6%

US Hospitality

-1.1%

US Market


1 Year Return

8.6%

BLMN

4.7%

US Hospitality

17.8%

US Market

Return vs Industry: BLMN exceeded the US Hospitality industry which returned 4.1% over the past year.

Return vs Market: BLMN underperformed the US Market which returned 17.9% over the past year.


Shareholder returns

BLMNIndustryMarket
7 Day8.9%-1.6%-1.1%
30 Day9.9%-1.1%1.5%
90 Day-1.0%2.8%6.6%
1 Year10.2%8.6%7.4%4.7%20.2%17.8%
3 Year42.3%35.4%33.0%24.1%47.5%38.1%
5 Year-2.9%-10.3%44.2%28.9%71.2%52.4%

Price Volatility Vs. Market

How volatile is Bloomin' Brands's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bloomin' Brands undervalued compared to its fair value and its price relative to the market?

29.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLMN ($23.46) is trading below our estimate of fair value ($33.13)

Significantly Below Fair Value: BLMN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BLMN is good value based on its PE Ratio (16x) compared to the Hospitality industry average (24.2x).

PE vs Market: BLMN is good value based on its PE Ratio (16x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BLMN is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BLMN is overvalued based on its PB Ratio (13.9x) compared to the US Hospitality industry average (2.2x).


Next Steps

Future Growth

How is Bloomin' Brands forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLMN's forecast earnings growth (12.2% per year) is above the savings rate (1.7%).

Earnings vs Market: BLMN's earnings (12.2% per year) are forecast to grow slower than the US market (14.1% per year).

High Growth Earnings: BLMN's earnings are forecast to grow, but not significantly.

Revenue vs Market: BLMN's revenue (2.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: BLMN's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLMN's Return on Equity is forecast to be very high in 3 years time (71.7%).


Next Steps

  • Explore growth companies in the Consumer Services industry.

Past Performance

How has Bloomin' Brands performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLMN has high quality earnings.

Growing Profit Margin: BLMN's current net profit margins (3.2%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: BLMN's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: BLMN's earnings growth over the past year (21.9%) exceeds its 5-year average (4.3% per year).

Earnings vs Industry: BLMN earnings growth over the past year (21.9%) exceeded the Hospitality industry -8.2%.


Return on Equity

High ROE: Whilst BLMN's Return on Equity (88.48%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bloomin' Brands's financial position?


Financial Position Analysis

Short Term Liabilities: BLMN's short term assets ($211.6M) do not cover its short term liabilities ($790.8M).

Long Term Liabilities: BLMN's short term assets ($211.6M) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: BLMN's debt to equity ratio (755.5%) is considered high.

Reducing Debt: BLMN's debt to equity ratio has increased from 225.7% to 755.5% over the past 5 years.

Debt Coverage: BLMN's debt is well covered by operating cash flow (27.4%).

Interest Coverage: BLMN's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet

Inventory Level: BLMN has a high level of physical assets or inventory.

Debt Coverage by Assets: BLMN's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

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

3.41%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Bloomin' Brands before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.1%forecastin3Years3.6%

Current dividend yield vs market & industry

Notable Dividend: BLMN's dividend (3.41%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BLMN's dividend (3.41%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, BLMN has been paying a dividend for less than 10 years.

Growing Dividend: BLMN's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.2%), BLMN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BLMN's dividends in 3 years are forecast to be well covered by earnings (41.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Dave Deno (61yo)

0.8yrs

Tenure

US$2,390,936

Compensation

Mr. David J. Deno, also known as Dave, has been Chief Executive Officer at Bloomin' Brands, Inc. since 2019 and was its Chief Financial & Administrative Officer since November 2013 until 2019 and was its E ...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD2.39M) is below average for companies of similar size in the US market ($USD3.81M).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Elizabeth Smith
Executive Chairman8.1yrsUS$7.22m0.40% $8.1m
David Deno
CEO & Director0.8yrsUS$2.39m0.056% $1.1m
Gregg Scarlett
Executive VP & COO of Casual Dining Restaurants0yrsUS$2.17m0.038% $757.2k
Christopher Meyer
Executive VP & CFO0.8yrsno data0.0060% $120.0k
Mark Graff
Vice President of Investor Relations and Corporate Finance0yrsno datano data
Kelly Lefferts
Executive VP0.6yrsno data0.027% $548.8k
Pablo Brizi
Senior VP & Chief Human Resources Officer3.9yrsno datano data
Beth Scott
Senior VP and President of Fleming’s Prime Steakhouse & Wine Bar2.5yrsno datano data
Michael Healy
Senior VP & Chief Global Supply Chain Officer0.8yrsno datano data
Michael Stutts
Executive VP & Chief Customer Officer1.1yrsno datano data

0.8yrs

Average Tenure

57yo

Average Age

Experienced Management: BLMN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Elizabeth Smith
Executive Chairman8.1yrsUS$7.22m0.40% $8.1m
David Deno
CEO & Director0.8yrsUS$2.39m0.056% $1.1m
Wendy Beck
Independent Director2yrsUS$167.23k0.0017% $34.6k
James Craigie
Lead Independent Director0yrsUS$250.00k0.031% $618.9k
John Mahoney
Independent Director7.8yrsUS$217.50k0.037% $741.5k
R. Mohan
Independent Director2.3yrsUS$197.50k0.0040% $80.3k
Tara Levy
Independent Director6.6yrsUS$200.00k0.028% $554.1k
David Fitzjohn
Independent Director6yrsUS$197.50k0.017% $349.2k

6.0yrs

Average Tenure

58.5yo

Average Age

Experienced Board: BLMN's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BLMN 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

Bloomin' Brands, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bloomin' Brands, Inc.
  • Ticker: BLMN
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: US$2.013b
  • Shares outstanding: 85.79m
  • Website: https://www.bloominbrands.com

Number of Employees


Location

  • Bloomin' Brands, Inc.
  • 2202 North West Shore Boulevard
  • Suite 500
  • Tampa
  • Florida
  • 33607
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLMNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2012
BOODB (Deutsche Boerse AG)YesCommon StockDEEURAug 2012

Biography

Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of December 30, 2018, the company owned and operated 1,068 restaurants and franchised 164 restaurants across 48 states; and owned and operated 125 restaurants and franchised 131 restaurants across 20 countries, Puerto Rico and Guam. Bloomin' Brands, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 03:16
End of Day Share Price2020/02/21 00:00
Earnings2019/12/29
Annual Earnings2019/12/29


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.