Institutional Sign In

Go

Noodles & Co

Noodles & Co's net profit rose 116% yoy to USD 3.67 mil in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co made a net profit of USD 3.67 mil with revenues of USD 475 mil in 2021, up by 116% and up by 20.7%, ...

Noodles & Co's price/earnings (P/E) rose 879% yoy to 115 in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co stock traded at USD 9.23 per share at the end 2021 translating into a market capitalization of USD 422 mil. Sinc...

Noodles & Co's Net Margin rose 113% yoy to 0.771% in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co made a net profit of USD 3.67 mil with revenues of USD 475 mil in 2021, up by 116% and up by 20.7%, respect...

Profit Statement 2019 2020 2021
Sales USD mil 462 394 475
Gross Profit USD mil 79.1 51.5 82.1
EBITDA USD mil 67.6 40.3 67.0
EBIT USD mil 5.44 -20.0 5.82
Financing Cost USD mil 2.94 3.15 2.08
Pre-Tax Profit USD mil 1.75 -23.2 3.74
Net Profit USD mil 1.65 -23.3 3.67
Dividends USD mil 0 0 0
Balance Sheet 2019 2020 2021
Total Assets USD mil 379 354 341
Non-Current Assets USD mil 349 330 319
Current Assets USD mil 29.3 23.7 22.6
Working Capital USD mil 4.02 6.67 -2.18
Shareholders' Equity USD mil 50.6 29.7 37.6
Liabilities USD mil 328 324 304
Total Debt USD mil 290 286 254
Net Debt USD mil 279 279 252
Ratios 2019 2020 2021
ROE % 3.19 -58.0 10.9
ROCE % 0.651 -6.74 1.12
Gross Margin % 17.1 13.1 17.3
EBITDA Margin % 14.6 10.2 14.1
EBIT Margin % 1.18 -5.09 1.22
Net Margin % 0.356 -5.91 0.771
Net Debt/EBITDA 4.13 6.92 3.76
Net Debt/Equity % 552 938 670
Cost of Financing % 1.76 1.09 0.770
Valuation 2019 2020 2021
Market Capitalisation USD mil 245 348 422
Enterprise Value (EV) USD mil 524 627 674
Number Of Shares mil 45.0 44.3 46.1
Share Price USD 5.54 7.85 9.23
EV/EBITDA 7.75 15.6 10.1
EV/Sales 1.13 1.59 1.42
Price/Earnings (P/E) 139 -14.8 115
Price/Book Value (P/BV) 4.93 11.7 11.3
Dividend Yield % 0 0 0

Get all company financials in excel:

Download Sample   $19.99

overview Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                                              
Sales USD mil ... ... ...               455 487 456 458 462                
Gross Profit USD mil ... ... ...               78.0 66.7 68.9 72.4 79.1                
EBIT USD mil ... ... ...               -21.1 -67.5 -33.9 -3.76 5.44                
Net Profit USD mil ... ... ...               -13.8 -71.7 -37.5 -8.44 1.65                
                                                 
ROE % ... ... ... ... ...           -11.8 -120 -147 -19.1 3.19                
EBIT Margin % ... ... ...               -4.63 -13.9 -7.42 -0.821 1.18                
Net Margin % ... ... ...               -3.02 -14.7 -8.21 -1.84 0.356                
Employees ... ... ... ... ... ... ...       10,600 10,900 9,600 9,400 8,900     ... ... ... ... ... ...
balance sheet                                              
Total Assets USD mil ... ... ... ...             240 209 185 172 379                
Non-Current Assets USD mil ... ... ... ... ... ...         215 184 163 149 349                
Current Assets USD mil ... ... ... ...             25.4 25.8 22.1 23.4 29.3                
                                                 
Shareholders' Equity USD mil ... ... ... ...             93.8 25.8 35.9 52.7 50.6                
Liabilities USD mil ... ... ... ... ... ...         146 184 149 119 328                
Non-Current Liabilities USD mil         ... ...         113 135 106 86.2 270                
Current Liabilities USD mil ... ... ... ...             32.9 49.0 43.9 33.1 58.0                
                                                 
Net Debt/EBITDA ... ... ... ...   ...         9.77 -2.10 -5.87 2.11 4.13                
Net Debt/Equity % ... ... ... ...   ...         70.2 321 151 76.4 552                
Cost of Financing % ... ... ... ... ... ...         3.02 3.83 5.40 8.40 1.76     ... ... ... ... ... ...
cash flow                                              
Total Cash From Operations USD mil ... ... ... ... ...           44.5 24.7 4.10 5.35 30.1                
Total Cash From Investing USD mil ... ... ... ... ...           -50.7 -42.8 -20.8 -13.8 -18.4                
Total Cash From Financing USD mil ... ... ... ... ...           6.36 17.9 18.3 9.79 -5.82                
Net Change In Cash USD mil ... ... ... ... ...           0.006 -0.075 1.52 1.29 5.80                
valuation                                              
Market Capitalisation USD mil ... ... ... ... ... ... ... ...     292 113 214 304 245                
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ...     358 196 268 345 524                
Number Of Shares mil ... ... ... ...             28.9 27.8 37.8 42.3 45.0                
Share Price USD ... ... ... ... ... ... ... ...     10.6 4.05 5.20 6.99 5.54                
Price/Earnings (P/E) ... ... ... ... ... ... ... ...     -22.0 -1.57 -4.33 -35.0 139                
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ...     21.8 -2.59 -15.3 20.5 3.90                
EV/EBITDA ... ... ... ... ... ... ... ...     53.2 -4.97 -29.0 18.0 7.75                
Price/Book Value (P/BV) ... ... ... ... ... ... ... ...     3.26 4.36 5.48 5.62 4.93                
Dividend Yield % ... ... ... ... ... ... ... ...     0 0 0 0 0                
income statement Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                                              
Sales USD mil ... ... ...               455 487 456 458 462                
Cost of Goods & Services USD mil ... ... ...               377 421 388 385 383                
Gross Profit USD mil ... ... ...               78.0 66.7 68.9 72.4 79.1                
Selling, General & Admin USD mil ... ... ... ...             37.2 55.7 39.7 46.1 43.4     ... ... ... ... ... ...
Research & Development USD mil ... ... ... ...             0 0 0 0 0     ... ... ... ... ... ...
Other Operating Expense USD mil ... ... ... ...             34.0 50.4 38.4 7.19 8.15     ... ... ... ... ... ...
Staff Cost USD mil ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Operating Cost (Income) USD mil ... ... ... ...             0 0 0 0 0     ... ... ... ... ... ...
EBITDA USD mil ... ... ...               6.74 -39.4 -9.24 19.1 67.6                
Depreciation USD mil ... ... ...               27.8 28.1 24.6 22.9 62.2                
EBIT USD mil ... ... ...               -21.1 -67.5 -33.9 -3.76 5.44                
Net Financing Cost USD mil ... ... ...               1.43 2.92 3.84 4.31 2.94                
Financing Cost USD mil ... ... ...               1.43 2.92 3.84 4.31 2.94     ... ... ... ... ... ...
Financing Income USD mil ... ... ... ...             0 0 0 0 0     ... ... ... ... ... ...
FX (Gain) Loss USD mil ... ... ...               0 0 0 0 0     ... ... ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ... ... ...           ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Extraordinary Cost USD mil ... ... ...               0 0 0 0 0     ... ... ... ... ... ...
Pre-Tax Profit USD mil ... ... ...               -22.5 -70.4 -37.7 -8.69 1.75                
Tax USD mil ... ... ...               -8.73 1.23 -0.207 -0.248 0.104                
Minorities USD mil ... ... ...               0 0 0 0 0                
Net Profit USD mil ... ... ...               -13.8 -71.7 -37.5 -8.44 1.65                
Net Profit Avail. to Common USD mil ... ... ...               -13.8 -71.7 -45.4 -8.44 1.65                
Dividends USD mil ... ... ...               0 0 0 0 0                
growth rates                                              
Total Revenue Growth % ... ... ... ...             12.8 7.03 -6.36 0.296 0.998                
Operating Cost Growth % ... ... ... ...             59.8 35.5 -23.5 -25.9 -3.25     ... ... ... ... ... ...
EBITDA Growth % ... ... ... ...             -84.6 -685 -76.6 -307 254                
EBIT Growth % ... ... ... ...             -211 221 -49.9 -88.9 -245                
Pre-Tax Profit Growth % ... ... ... ...             -221 213 -46.5 -76.9 -120                
Net Profit Growth % ... ... ... ...             -220 421 -36.6 -81.4 -120                
ratios                                              
ROE % ... ... ... ... ...           -11.8 -120 -147 -19.1 3.19                
ROA % ... ... ... ... ...           -5.75 -31.9 -19.0 -4.73 0.598                
ROCE % ... ... ... ... ... ... ...       -6.35 -35.4 -21.2 -5.32 0.651                
Gross Margin % ... ... ...               17.1 13.7 15.1 15.8 17.1                
EBITDA Margin % ... ... ...               1.48 -8.08 -2.02 4.17 14.6                
EBIT Margin % ... ... ...               -4.63 -13.9 -7.42 -0.821 1.18                
Net Margin % ... ... ...               -3.02 -14.7 -8.21 -1.84 0.356                
Payout Ratio % ... ... ...               0 0 0 0 0                
Cost of Financing % ... ... ... ... ... ...         3.02 3.83 5.40 8.40 1.76     ... ... ... ... ... ...
Net Debt/EBITDA ... ... ... ...   ...         9.77 -2.10 -5.87 2.11 4.13                
balance sheet Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
balance sheet                                              
Cash & Cash Equivalents USD mil ... ... ... ... ... ...         1.91 1.84 3.36 4.66 10.5                
Receivables USD mil ... ... ... ... ... ...         4.99 5.44 2.43 2.39 3.50                
Inventories USD mil ... ... ... ... ... ...         10.5 11.3 9.93 9.65 9.87                
Other ST Assets USD mil ... ... ... ... ... ...         8.01 7.23 6.33 6.66 5.49                
Current Assets USD mil ... ... ... ...             25.4 25.8 22.1 23.4 29.3                
Property, Plant & Equipment USD mil ... ... ... ... ... ...         204 174 153 139 339                
LT Investments & Receivables USD mil ... ... ... ... ... ...         0 0 0 0 0                
Intangible Assets USD mil ... ... ... ...             8.21 8.12 7.97 7.69 8.04                
Goodwill USD mil ... ... ... ...   ...         6.40 6.40 6.40 6.40 7.15                
Non-Current Assets USD mil ... ... ... ... ... ...         215 184 163 149 349                
Total Assets USD mil ... ... ... ...             240 209 185 172 379                
                                                 
Trade Payables USD mil ... ... ... ... ... ...         15.1 10.6 10.9 7.85 9.35                
Short-Term Debt USD mil ... ... ... ...             0 0 0 0.719 24.0                
Other ST Liabilities USD mil ... ... ... ...             0 0 0 0 0                
Current Liabilities USD mil ... ... ... ...             32.9 49.0 43.9 33.1 58.0                
Long-Term Debt USD mil ... ... ... ...             67.7 84.7 57.6 44.2 266                
Other LT Liabilities USD mil ... ... ... ...   ...         45.5 49.9 47.9 42.0 4.12                
Non-Current Liabilities USD mil         ... ...         113 135 106 86.2 270                
Liabilities USD mil ... ... ... ... ... ...         146 184 149 119 328                
Preferred Equity and Hybrid Capital USD mil ... ... ... ... ...           0 0 0 0 0                
Share Capital USD mil ... ... ... ... ... ...         121 125 172 199 201                
Treasury Stock USD mil ... ... ... ...             35.0 35.0 35.0 35.0 35.0                
Equity Before Minority Interest USD mil ... ... ... ...             93.8 25.8 35.9 52.7 50.6                
Minority Interest USD mil ... ... ... ... ...           0 0 0 0 0                
Equity USD mil ... ... ... ...             93.8 25.8 35.9 52.7 50.6                
growth rates                                              
Total Asset Growth % ... ... ... ... ...           0.596 -12.7 -11.6 -7.13 120                
Shareholders' Equity Growth % ... ... ... ... ...           -33.1 -72.5 38.9 46.9 -4.01                
Net Debt Growth % ... ... ... ... ... ... ...       161 25.9 -34.5 -25.8 594                
Total Debt Growth % ... ... ... ... ... ... ...       150 25.0 -31.9 -22.1 545                
ratios                                              
Total Debt USD mil ... ... ... ...             67.7 84.7 57.6 44.9 290                
Net Debt USD mil ... ... ... ...   ...         65.8 82.8 54.3 40.2 279                
Working Capital USD mil ... ... ... ... ... ...         0.411 6.12 1.43 4.18 4.02                
Capital Employed USD mil ... ... ... ... ... ...         215 190 165 153 353                
Net Debt/Equity % ... ... ... ...   ...         70.2 321 151 76.4 552                
Current Ratio ... ... ... ...             0.772 0.526 0.503 0.704 0.505                
Quick Ratio ... ... ... ... ... ...         0.210 0.148 0.132 0.213 0.241                
cash flow Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
cash flow                                              
Net Profit USD mil ... ... ...               -13.8 -71.7 -37.5 -8.44 1.65                
Depreciation USD mil ... ... ...               27.8 28.1 24.6 22.9 62.2                
Non-Cash Items USD mil ... ... ... ... ...           28.8 53.9 34.3 9.16 8.85                
Change in Working Capital USD mil ... ... ... ... ...           1.71 14.4 -17.3 -18.2 -2.52                
Total Cash From Operations USD mil ... ... ... ... ...           44.5 24.7 4.10 5.35 30.1                
                                                 
Capital Expenditures USD mil ... ... ... ... ...           -50.1 -43.3 -20.8 -14.3 -17.1                
Net Change in LT Investment USD mil ... ... ... ... ...           0 0 0 0 0     ... ... ... ... ... ...
Net Cash From Acquisitions USD mil ... ... ... ... ...           -0.628 0 0 0 0     ... ... ... ... ... ...
Other Investing Activities USD mil ... ... ... ... ...           0 0.578 0 0.500 -1.39                
Total Cash From Investing USD mil ... ... ... ... ...           -50.7 -42.8 -20.8 -13.8 -18.4                
                                                 
Dividends Paid USD mil ... ... ... ... ...           0 0 0 0 0                
Issuance Of Shares USD mil ... ... ... ... ...           -34.0 1.10 45.8 23.7 0                
Issuance Of Debt USD mil ... ... ... ... ...           40.7 18.8 -26.6 -12.2 -4.65                
Other Financing Activities USD mil ... ... ... ... ...           -0.343 -2.00 -0.938 -1.71 -1.17     ... ... ... ... ... ...
Total Cash From Financing USD mil ... ... ... ... ...           6.36 17.9 18.3 9.79 -5.82                
                                                 
Effect of FX Rates USD mil ... ... ... ... ...           -0.134 0.041 -0.015 0 0     ... ... ... ... ... ...
Net Change In Cash USD mil ... ... ... ... ...           0.006 -0.075 1.52 1.29 5.80                
ratios                                              
Days Sales Outstanding days ... ... ... ... ... ...         4.00 4.07 1.95 1.91 2.77                
Days Sales Of Inventory days ... ... ... ... ... ...         10.1 9.79 9.35 9.13 9.40                
Days Payable Outstanding days ... ... ... ... ... ...         14.6 9.20 10.3 7.44 8.90                
Cash Conversion Cycle days ... ... ... ... ... ...         -0.429 4.67 1.00 3.60 3.26                
Cash Earnings USD mil ... ... ...               14.0 -43.5 -12.9 14.4 63.8                
Free Cash Flow USD mil ... ... ... ... ...           -6.22 -18.0 -16.7 -8.49 11.6                
Capital Expenditures (As % of Sales) % ... ... ... ... ...           11.0 8.89 4.56 3.13 3.69                
other ratios Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                               
Employees ... ... ... ... ... ... ...       10,600 10,900 9,600 9,400 8,900     ... ... ... ... ... ...
Operating Cost (As % of Sales) % ... ... ...               21.8 27.5 22.5 16.6 15.9     ... ... ... ... ... ...
Research & Development (As % of Sales) % ... ... ... ...             0 0 0 0 0     ... ... ... ... ... ...
Staff Cost (As % of Sales) % ... ... ...   ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Effective Tax Rate % ... ... ...               38.8 -1.75 0.549 2.85 5.94                
Total Revenue Growth (5-year average) % ... ... ... ... ... ... ... ...     15.6 13.7 8.73 5.46 2.75                
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... ... ... ... 10.4 9.16                
valuation Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                               
Market Capitalisation USD mil ... ... ... ... ... ... ... ...     292 113 214 304 245                
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ...     358 196 268 345 524                
Number Of Shares mil ... ... ... ...             28.9 27.8 37.8 42.3 45.0                
Share Price USD ... ... ... ... ... ... ... ...     10.6 4.05 5.20 6.99 5.54                
EV/EBITDA ... ... ... ... ... ... ... ...     53.2 -4.97 -29.0 18.0 7.75                
Price/Earnings (P/E) ... ... ... ... ... ... ... ...     -22.0 -1.57 -4.33 -35.0 139                
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ...     21.8 -2.59 -15.3 20.5 3.90                
P/FCF ... ... ... ... ... ... ... ...     -49.1 -6.25 -11.7 -34.8 21.4                
Price/Book Value (P/BV) ... ... ... ... ... ... ... ...     3.26 4.36 5.48 5.62 4.93                
Dividend Yield % ... ... ... ... ... ... ... ...     0 0 0 0 0                
Free Cash Flow Yield % ... ... ... ... ... ... ... ...     -2.13 -16.0 -7.82 -2.79 4.75                
Earnings Per Share (EPS) USD ... ... ... ...             -0.480 -2.58 -1.20 -0.200 0.040                
Cash Earnings Per Share USD ... ... ... ...             0.485 -1.57 -0.341 0.341 1.42                
Free Cash Flow Per Share USD ... ... ... ... ...           -0.215 -0.648 -0.443 -0.201 0.258                
Book Value Per Share USD ... ... ... ...             3.24 0.928 0.950 1.24 1.12                
Dividend Per Share USD ... ... ... ...             0 0 0 0 0                
EV/Sales ... ... ... ... ... ... ... ...     0.786 0.402 0.587 0.753 1.13                
EV/EBIT ... ... ... ... ... ... ... ...     -17.0 -2.90 -7.92 -91.7 96.3                
EV/Free Cash Flow ... ... ... ... ... ... ... ...     -57.6 -10.9 -16.0 -40.6 45.1                
EV/Capital Employed ... ... ... ... ... ... ... ...     1.67 1.03 1.63 2.25 1.48                
Earnings Per Share Growth % ... ... ... ... ...           -230 438 -53.5 -83.3 -120                
Cash Earnings Per Share Growth % ... ... ... ... ...           -58.5 -423 -78.2 -200 316                
Book Value Per Share Growth % ... ... ... ... ...           -28.3 -71.3 2.29 31.0 -9.65                

Get all company financials in excel:

Download Sample   $19.99

Noodles & Co's ROCE rose 117% yoy to 1.12% in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co made a net profit of USD 3.67 mil in 2021, up 116% compared to the previous year. Historically, between 2008 and 2021, the company's net profit reached a high of USD 11.4 mil in 2014 and a low of USD -71.7 mil in 2016. The result implies ...

Noodles & Co's Capital Expenditures fell 59.4% yoy to USD 18.8 mil in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co invested a total of USD 18.8 mil in 2021, up 59.4% compared to the previous year. Historically, between 2010 - 2021, the company's investments stood at a high of USD 56.4 mil in 2014 and a low of USD 11.8 mil in 2020. ...

Noodles & Co's Share Price rose 17.6% yoy to USD 9.23 in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co stock traded at USD 9.23 per share at the end 2021 implying a market capitalization of USD 422 mil. Since the end of 2016, stock has appreciated by 128% implying an annual average growth of 17.9% In absolute terms, the value of the company ...

Noodles & Co's P/FCF rose 113% yoy to 23.9 in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co stock traded at USD 9.23 per share at the end 2021 translating into a market capitalization of USD 422 mil. Since the end of 2016, the stock has appreciated by 128% representing an annual average growth of 17.9%. At the end of 2021, the ...

Noodles & Co's Net Debt/EBITDA fell 45.6% yoy to 3.76 in 2021

By Helgi Analytics - May 11, 2022

Noodles & Co's net debt stood at USD 252 mil and accounted for 670% of equity at the end of 2021. The ratio is down 268 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 1,034% in 2011 and a low o...

More News

Noodles & Co Logo

Finance

Noodles & Co has been growing its sales by 10.1% a year on average in the last 5 years. EBITDA has grown on average by 26.7% a year during that time to total of USD 121 mil in 2027, or 14.6% of sales. That’s compared to 13.5% average margin seen in last five years.

The company netted USD 56.2 mil in 2027 implying ROE of 25.2% and ROCE of 14.9%. Again, the average figures were 35.4% and 11.8%, respectively when looking at the previous 5 years.

Noodles & Co’s net debt amounted to USD 312 mil at the end of 2027, or 124% of equity. When compared to EBITDA, net debt was 2.58x, down when compared to average of 3.24x seen in the last 5 years.

Valuation

Noodles & Co stock traded at USD 5.89 per share at the end of 2027 resulting in a market capitalization of USD 272 mil. Over the previous five years, stock price grew by 0% or 0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 4.83x and price to earnings (PE) of 4.83x as of 2027.