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Bowl America

AMEX:BWL.A
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BWL.A
AMEX
$55M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Bowl America Incorporated, together with its subsidiaries, operates bowling centers in the United States. The last earnings update was 69 days ago. More info.


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BWL.A Share Price and Events
7 Day Returns
-1.3%
AMEX:BWL.A
-0.9%
US Hospitality
-1.2%
US Market
1 Year Returns
-1.6%
AMEX:BWL.A
-5.5%
US Hospitality
3.4%
US Market
BWL.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bowl America (BWL.A) -1.3% 1% -3.4% -1.6% 0.4% -4.8%
US Hospitality -0.9% 1% -1.9% -5.5% 41.3% 21.3%
US Market -1.2% 0.7% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • BWL.A outperformed the Hospitality industry which returned -5.5% over the past year.
  • BWL.A underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
BWL.A
Industry
5yr Volatility vs Market

BWL.A Value

 Is Bowl America 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 Bowl America 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 Bowl America.

AMEX:BWL.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 AMEX:BWL.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
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))
= 0.921 (1 + (1- 21%) (0%))
0.947
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.947 * 5.96%)
8.38%

Discounted Cash Flow Calculation for AMEX:BWL.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bowl America 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.

AMEX:BWL.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.38%)
2020 3.18 Est @ -0.77% 2.94
2021 3.19 Est @ 0.28% 2.72
2022 3.22 Est @ 1.01% 2.53
2023 3.27 Est @ 1.53% 2.37
2024 3.34 Est @ 1.89% 2.23
2025 3.41 Est @ 2.14% 2.10
2026 3.49 Est @ 2.32% 1.98
2027 3.57 Est @ 2.44% 1.88
2028 3.66 Est @ 2.53% 1.78
2029 3.76 Est @ 2.59% 1.68
Present value of next 10 years cash flows $22.21
AMEX:BWL.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3.76 × (1 + 2.73%) ÷ (8.38% – 2.73%)
$68.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $68.34 ÷ (1 + 8.38%)10
$30.57
AMEX:BWL.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $22.21 + $30.57
$52.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $52.78 / 3.75
$14.09
AMEX:BWL.A Discount to Share Price
Calculation Result
Value per share (USD) From above. $14.09
Current discount Discount to share price of $14.73
= -1 x ($14.73 - $14.09) / $14.09
-4.5%

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

  • The current share price of Bowl America 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 Bowl America's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bowl America's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:BWL.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.65
AMEX:BWL.A Share Price ** AMEX (2019-07-19) in USD $14.73
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.4x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 17.87x

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

** Primary Listing of Bowl America.

AMEX:BWL.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:BWL.A Share Price ÷ EPS (both in USD)

= 14.73 ÷ 0.65

22.65x

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

  • Bowl America is overvalued based on earnings compared to the US Hospitality industry average.
  • Bowl America is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bowl America's expected growth come at a high price?
Raw Data
AMEX:BWL.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.1%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 56 Publicly-Listed Hospitality Companies 1.88x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*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 Bowl America, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bowl America's assets?
Raw Data
AMEX:BWL.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.76
AMEX:BWL.A Share Price * AMEX (2019-07-19) in USD $14.73
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.16x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.79x
AMEX:BWL.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:BWL.A Share Price ÷ Book Value per Share (both in USD)

= 14.73 ÷ 4.76

3.09x

* Primary Listing of Bowl America.

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

  • Bowl America is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Bowl America'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. Bowl America 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.

BWL.A Future Performance

 How is Bowl America expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bowl America, future earnings growth has been estimated based on fundamentals.
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
2.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bowl America expected to grow at an attractive rate?
  • Bowl America's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bowl America's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Bowl America's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:BWL.A Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:BWL.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.1%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
AMEX:BWL.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:BWL.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 25 4 3
2018-12-30 25 4 3
2018-09-30 25 4 4
2018-07-01 25 4 4
2018-04-01 24 4 4
2017-12-31 24 3 3
2017-10-01 24 4 3
2017-07-02 24 3 2
2017-04-02 25 3 3
2017-01-01 24 3 2
2016-10-02 24 3 2
2016-07-03 24 3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bowl America's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Bowl America is high growth as no revenue estimate data is available.
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
AMEX:BWL.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bowl America Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:BWL.A Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.65
2018-12-30 0.61
2018-09-30 0.78
2018-07-01 0.73
2018-04-01 0.69
2017-12-31 0.66
2017-10-01 0.51
2017-07-02 0.47
2017-04-02 0.51
2017-01-01 0.48
2016-10-02 0.45
2016-07-03 0.42

*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.
  • Unable to establish if Bowl America will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bowl America'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Bowl America has a total score of 0/6, 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.

BWL.A Past Performance

  How has Bowl America 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 Bowl America'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.
  • Bowl America has delivered over 20% year on year earnings growth in the past 5 years.
  • Bowl America's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bowl America's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
Bowl America'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 Bowl America Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:BWL.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 24.72 3.36 12.18
2018-12-30 24.91 3.15 12.13
2018-09-30 24.95 4.03 12.10
2018-07-01 24.77 3.79 12.04
2018-04-01 24.40 3.58 11.93
2017-12-31 24.27 3.39 11.92
2017-10-01 24.13 2.65 11.92
2017-07-02 23.93 2.45 11.94
2017-04-02 24.54 2.62 12.11
2017-01-01 24.47 2.49 12.16
2016-10-02 24.24 2.30 12.18
2016-07-03 24.10 2.15 12.24
2016-03-27 23.36 1.84 12.23
2015-12-27 23.45 1.83 12.25
2015-09-27 23.42 1.81 12.26
2015-06-28 23.12 1.64 12.25
2015-03-29 22.87 1.47 12.46
2014-12-28 22.66 1.49 12.44
2014-09-28 22.66 1.37 12.47
2014-06-29 22.78 1.37 12.52
2014-03-30 23.00 1.25 12.69
2013-12-29 23.33 1.29 12.80
2013-09-29 23.50 1.40 12.86
2013-06-30 23.86 1.49 13.01
2013-03-31 23.56 1.68 12.83
2012-12-30 23.66 1.64 12.99
2012-09-30 23.96 1.55 13.23

*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.
  • Bowl America has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bowl America used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Bowl America has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bowl America'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.
Bowl America has a total score of 3/6, 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.

BWL.A Health

 How is Bowl America'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 Bowl America's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bowl America is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bowl America's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bowl America'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.
  • Bowl America has no debt, it does not need to be covered by short term assets.
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 Bowl America Company Filings, last reported 3 months ago.

AMEX:BWL.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 24.58 0.00 9.87
2018-12-30 23.68 0.00 8.35
2018-09-30 24.02 0.00 8.14
2018-07-01 24.48 0.00 3.17
2018-04-01 24.94 0.00 5.17
2017-12-31 24.61 0.00 3.27
2017-10-01 24.05 0.00 2.79
2017-07-02 24.59 0.00 3.56
2017-04-02 25.39 0.00 2.89
2017-01-01 25.00 0.50 1.85
2016-10-02 25.09 0.50 1.06
2016-07-03 26.15 0.00 1.47
2016-03-27 26.17 0.00 4.17
2015-12-27 25.42 0.00 2.20
2015-09-27 25.64 0.00 1.49
2015-06-28 26.97 0.00 0.91
2015-03-29 27.55 0.00 3.81
2014-12-28 27.23 0.00 2.09
2014-09-28 27.74 0.00 1.44
2014-06-29 28.98 0.00 2.30
2014-03-30 29.76 0.00 5.47
2013-12-29 29.31 0.00 3.76
2013-09-29 29.77 0.00 3.23
2013-06-30 31.03 0.00 4.39
2013-03-31 30.25 0.00 5.45
2012-12-30 29.49 0.00 2.58
2012-09-30 32.80 0.00 5.65
  • Bowl America has no debt.
  • Bowl America had no debt 5 years ago.
  • Bowl America has no debt, it does not need to be covered by operating cash flow.
  • Bowl America has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Bowl America'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. Bowl America has a total score of 6/6, 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.

BWL.A Dividends

 What is Bowl America'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
4.75%
Current annual income from Bowl America dividends.
If you bought $2,000 of Bowl America shares you are expected to receive $95 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?
  • Bowl America's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Bowl America's dividend is above the markets top 25% of dividend payers in United States of America (3.78%).
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
AMEX:BWL.A 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 0 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

AMEX:BWL.A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-18 0.700 4.718
2019-03-20 0.700 4.694
2018-12-06 0.700 4.516
2018-10-01 0.700 4.587
2018-03-23 0.680 4.534
2017-12-06 0.680 4.427
2017-09-29 0.680 4.691
2017-06-29 0.680 4.710
2017-03-23 0.680 4.687
2016-12-06 0.680 4.546
2016-09-30 0.680 4.742
2016-06-21 0.680 4.658
2016-03-22 0.680 4.703
2015-12-01 0.680 4.795
2015-09-24 0.680 4.670
2015-06-16 0.680 4.581
2015-03-17 0.680 4.613
2014-09-24 0.680 4.648
2014-06-20 0.680 4.553
2014-03-28 0.660 4.463
2013-09-27 0.660 4.590
2013-06-19 0.660 4.786
2013-03-22 0.660 5.139
2012-12-10 0.660 5.267
2012-11-14 0.640 5.102
2012-10-15 0.640 4.942
2012-09-28 0.640 5.036
2012-07-16 0.640 5.074
2012-05-15 0.640 4.924
2012-02-15 0.640 4.854
2011-11-15 0.640 5.041
2011-09-28 0.640 5.143
2011-05-10 0.640 5.056
2011-02-09 0.640 4.967
2010-11-10 0.620 4.814
2010-09-24 0.620 4.938
2010-05-11 0.620 4.753
2010-02-09 0.620 4.716
2009-11-11 0.620 4.748
2009-09-28 0.620 4.790
2009-05-13 0.620 4.841
2009-02-11 0.600 5.926
2008-11-12 0.600 6.377
2008-09-29 0.600 5.108

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Bowl America's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bowl America'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 Bowl America afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bowl America has a total score of 4/6, see the detailed checks below.


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

BWL.A Management

 What is the CEO of Bowl America'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
Cheryl Dragoo
COMPENSATION $173,748
AGE 71
TENURE AS CEO 0.5 years
CEO Bio

Mrs. Cheryl A. Dragoo has been Interim President and Interim Chief Executive Officer at Bowl America Incorporated since January 14, 2019. Mrs. Dragoo has been the Chief Financial Officer of Bowl America Incorporated since 2002 and has been its Controller since 1992 and Assistant Treasurer since December 2006. Mrs. Dragoo has been Senior Vice President of Bowl America Incorporated since December 1, 2009 and serves as its Principal Accounting Officer. Mrs. Dragoo has been employed by Bowl America Inc. since 1972. She has worked in bowling centers and in all areas of Bowl America Inc.'s accounting department. Her financial and analytical skills including experience with SEC filings. Mrs. Dragoo has been a Director of Bowl America Inc. since September 2008.

CEO Compensation
  • Cheryl's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Cheryl's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Cheryl Dragoo

TITLE
Interim President
COMPENSATION
$174K
AGE
71
TENURE
0.5 yrs

Leslie Goldberg

TITLE
Principal Operating Officer & Director((Leave of Absence))
COMPENSATION
$90K
AGE
89

Ruth Macklin

TITLE
Senior VP
COMPENSATION
$9K
AGE
90
TENURE
28.6 yrs

Albert Young

TITLE
Assistant Controller
Board of Directors Tenure

Average tenure and age of the Bowl America board of directors in years:

22.4
Average Tenure
81
Average Age
  • The average tenure for the Bowl America board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Cheryl Dragoo

TITLE
Interim President
COMPENSATION
$174K
AGE
71
TENURE
10.8 yrs

Leslie Goldberg

TITLE
Principal Operating Officer & Director((Leave of Absence))
COMPENSATION
$90K
AGE
89
TENURE
46.6 yrs

Ruth Macklin

TITLE
Senior VP
COMPENSATION
$9K
AGE
90
TENURE
41.4 yrs

Arthur Bill

TITLE
Independent Director
COMPENSATION
$16K
AGE
75
TENURE
8.3 yrs

Merle Fabian

TITLE
Director
COMPENSATION
$5K
AGE
81
TENURE
29.3 yrs

Allan Sher

TITLE
Independent Director
COMPENSATION
$8K
AGE
87
TENURE
22.4 yrs

Nancy Hull

TITLE
Independent Director
COMPENSATION
$5K
AGE
54
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bowl America individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. May 19 Sell Anita Zucker Individual 21. Mar 19 16. Apr 19 -2,651 $16.15 $-42,488
16. May 19 Buy Anita Zucker Individual 06. May 19 14. May 19 26,998 $15.00 $400,859
07. Sep 18 Sell Anita Zucker Individual 09. Jul 18 05. Sep 18 -20,666 $15.00 $-303,217
X
Management checks
We assess Bowl America'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. Bowl America 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.

BWL.A News

Simply Wall St News

Here's Why We're Wary Of Buying Bowl America Incorporated's (NYSEMKT:BWL.A) For Its Upcoming Dividend

See our latest analysis for Bowl America Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Cash is slightly more important than profit from a dividend perspective, but given Bowl America's payouts were not well covered by either earnings or cash flow, we would be concerned about the sustainability of this dividend. … We're a bit put out by the fact that Bowl America paid out virtually all of its earnings and cashflow as dividends over the last year.

Simply Wall St -

Calculating The Intrinsic Value Of Bowl America Incorporated (NYSEMKT:BWL.A)

We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $3.2m $3.2m $3.2m $3.3m $3.3m $3.4m $3.5m $3.6m $3.7m $3.8m Growth Rate Estimate Source Est @ -0.77% Est @ 0.28% Est @ 1.01% Est @ 1.53% Est @ 1.89% Est @ 2.14% Est @ 2.32% Est @ 2.44% Est @ 2.53% Est @ 2.59% Present Value ($, Millions) Discounted @ 8.37% $2.9 $2.7 $2.5 $2.4 $2.2 $2.1 $2.0 $1.9 $1.8 $1.7 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $22.2m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … AMEX:BWL.A Intrinsic value, July 10th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

How Good Is Bowl America Incorporated (NYSEMKT:BWL.A), When It Comes To ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bowl America: 14% = US$3.4m ÷ US$25m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Bowl America's Debt And Its 14% Return On Equity Bowl America is free of net debt, which is a positive for shareholders. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Investors Who Bought Bowl America (NYSEMKT:BWL.A) Shares A Year Ago Are Now Down 11%

For example, the Bowl America Incorporated (NYSEMKT:BWL.A) share price is down 11% in the last year. … A Different Perspective Bowl America shareholders are down 7.2% for the year (even including dividends), but the market itself is up 3.7%. … You can click here to see who has been buying shares - and the price they paid.

Simply Wall St -

Here's How We Evaluate Bowl America Incorporated's (NYSEMKT:BWL.A) Dividend

Today we'll take a closer look at Bowl America Incorporated (NYSEMKT:BWL.A) from a dividend investor's perspective. Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth.. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … With Bowl America yielding 4.7% and having paid a dividend for over 10 years, many investors likely find the company quite interesting.!

Simply Wall St -

Is Bowl America Incorporated (NYSEMKT:BWL.A) Potentially Underrated?

Bowl America Incorporated (NYSEMKT:BWL.A) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … that has been able to sustain great financial health over the past

Simply Wall St -

Here's What Bowl America Incorporated's (NYSEMKT:BWL.A) ROCE Can Tell Us

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What Kind Of Shareholder Appears On The Bowl America Incorporated's (NYSEMKT:BWL.A) Shareholder Register?

A look at the shareholders of Bowl America Incorporated (NYSEMKT:BWL.A) can tell us which group is most powerful. … Bowl America is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Bowl America Incorporated (NYSEMKT:BWL.A): Time For A Financial Health Check

The direct benefit for Bowl America Incorporated (NYSEMKT:BWL.A), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is BWL.A will have to adhere to stricter debt covenants and have less financial flexibility. … Does BWL.A's growth rate justify its decision for financial flexibility over lower cost of capital.

Simply Wall St -

What Does Bowl America Incorporated's (NYSEMKT:BWL.A) P/E Ratio Tell You?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at Bowl America Incorporated's (NYSEMKT:BWL.A) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

BWL.A Company Info

Description

Bowl America Incorporated, together with its subsidiaries, operates bowling centers in the United States. Its bowling centers offer bowling lanes and other facilities; food and beverages, game rooms, rental lockers, and meeting room facilities; and shoes for rental, as well as retail bowling accessories. As of September 1, 2018, the company operated 18 bowling centers, including 10 bowling centers in Washington, D.C.; 1 bowling center in Baltimore, Maryland; 3 bowling centers in Jacksonville, Florida; and 4 bowling centers in Richmond, Virginia. Bowl America Incorporated was founded in 1958 and is headquartered in Springfield, Virginia.

Details
Name: Bowl America Incorporated
BWL.A
Exchange: AMEX
Founded: 1958
$55,170,281
3,746,454
Website: http://www.bowl-america.com
Address: Bowl America Incorporated
PO Box 1288,
Springfield,
Virginia, 22151,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX BWL.A Class A Common Shares NYSE MKT LLC US USD 14. Dec 1972
Number of employees
Current staff
Staff numbers
375
Bowl America employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 02:25
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/07/01


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.