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

Fundamentals

Fair value second-rate dividend payer.


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


Market Performance


7 Day Return

2.2%

BLMN

1.8%

US Hospitality

1.0%

US Market


1 Year Return

-8.1%

BLMN

7.5%

US Hospitality

8.0%

US Market

Return vs Industry: BLMN underperformed the US Hospitality industry which returned 7.5% over the past year.

Return vs Market: BLMN underperformed the US Market which returned 8% over the past year.


Shareholder returns

BLMNIndustryMarket
7 Day2.2%1.8%1.0%
30 Day-7.4%-1.7%-0.07%
90 Day3.0%-5.0%-1.0%
1 Year-6.2%-8.1%10.1%7.5%10.4%8.0%
3 Year13.1%7.1%44.0%34.5%46.2%36.7%
5 Year3.3%-4.4%41.4%25.7%64.3%46.2%

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?

9.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLMN ($18.36) is trading below our estimate of fair value ($20.36)

Significantly Below Fair Value: BLMN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BLMN is good value based on its PE Ratio (15.5x) compared to the Hospitality industry average (22.2x).

PE vs Market: BLMN is good value based on its PE Ratio (15.5x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: BLMN is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: BLMN is overvalued based on its PB Ratio (10.4x) 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 13 analysts?

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLMN's forecast earnings growth (8.6% per year) is above the savings rate (2.7%).

Earnings vs Market: BLMN's earnings (8.6% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: BLMN's revenue (2.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: BLMN's revenue (2.9% 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 (97.5%).


Next Steps

Past Performance

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

-2.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BLMN's earnings have declined by -2.7% per year over the past 5 years.

Accelerating Growth: BLMN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BLMN had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Hospitality industry average (-14.8%).


Return on Equity

High ROE: Whilst BLMN's Return on Equity (70.71%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: BLMN's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: BLMN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Bloomin' Brands's financial position?


Financial Position Analysis

Short Term Liabilities: BLMN's short term assets ($233.9M) do not cover its short term liabilities ($786.6M)

Long Term Liabilities: BLMN's short term assets (233.9M) do not cover its long term liabilities (2.6B)


Debt to Equity History and Analysis

Debt Level: BLMN's debt to equity ratio (739.1%) is considered high

Reducing Debt: BLMN's debt to equity ratio has increased from 233.2% to 739.1% over the past 5 years.

Debt Coverage: BLMN's debt is well covered by operating cash flow (27.3%).

Interest Coverage: BLMN's interest payments on its debt are well covered by EBIT (4.2x 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?

2.18%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years2.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BLMN's dividend (2.18%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: BLMN's dividend (2.18%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (32.1%), 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 (25.8% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Dave Deno (61yo)

0.5yrs

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

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


Management Age and Tenure

1.5yrs

Average Tenure

56yo

Average Age

Experienced Management: BLMN's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

5.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: BLMN's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$137,786,62030 Aug 19
JANA Partners LLC
EntityCompany
Shares7,819,899
Max PriceUS$17.62
SellUS$167,64006 Nov 18
Mindy Grossman
EntityIndividual
Shares8,000
Max PriceUS$20.96

Ownership Breakdown


Management Team

  • Dave Deno (61yo)

    CEO & Director

    • Tenure: 0.5yrs
    • Compensation: US$2.39m
  • Donagh Herlihy (55yo)

    Executive VP & Chief Information Officer

    • Tenure: 1.5yrs
    • Compensation: US$1.61m
  • Liz Smith (56yo)

    Executive Chairman

    • Tenure: 7.8yrs
    • Compensation: US$7.22m
  • Kelly Lefferts

    Executive VP

    • Tenure: 0.3yrs
  • Suk Singh (55yo)

    Executive VP & Chief Development Officer of International and Franchising

    • Tenure: 5.8yrs
    • Compensation: US$2.88m
  • Beth Scott

    Senior VP and President of Fleming’s Prime Steakhouse & Wine Bar

    • Tenure: 2.2yrs
  • Gregg Scarlett (57yo)

    Executive VP & President of Outback Steakhouse

    • Tenure: 0yrs
    • Compensation: US$2.17m
  • Pablo Brizi

    Senior VP & Chief Human Resources Officer

    • Tenure: 3.6yrs
  • Mark Graff

    Vice President of Investor Relations and Corporate Finance

    • Tenure: 0yrs
  • Christopher Meyer

    Executive VP & CFO

    • Tenure: 0.5yrs

Board Members

  • Dave Deno (61yo)

    CEO & Director

    • Tenure: 0.5yrs
    • Compensation: US$2.39m
  • Wendy Beck (55yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$167.23k
  • Jim Craigie (65yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$250.00k
  • John Mahoney (68yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$217.50k
  • Liz Smith (56yo)

    Executive Chairman

    • Tenure: 7.8yrs
    • Compensation: US$7.22m
  • Mike Mohan (51yo)

    Independent Director

    • Tenure: 2yrs
    • Compensation: US$197.50k
  • Tara Levy (45yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$200.00k
  • David Fitzjohn (63yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: US$197.50k

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$1.573b
  • Shares outstanding: 85.68m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:20
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/30


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.