Flanigans Enterprises Inc. (BDL) intrinsic value & 10-year financials

Flanigans Enterprises Inc. (BDL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 7.9% a year to $205.2M, with an average return on invested capital of 11.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$47.62
Market cap
$88.5M
Revenue (FY2025)
$205.2M
Revenue growth (10-yr CAGR)
7.9%
ROIC (10-yr avg)
11.0%
Free cash flow (FY2025)
$4.7M

BDL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $205.2M $5.0M $2.71 $4.7M 4.3% 8.8%
FY2024 $188.3M $3.4M $1.81 $3.2M 3.4% 6.9%
FY2023 $174.4M $4.0M $2.15 -$4.7M 4.0% 8.1%
FY2022 $158.1M $6.3M $3.40 $6.5M 4.4% 9.2%
FY2021 $137.3M $11.8M $6.34 $7.5M 6.3% 12.7%
FY2020 $113.0M $1.1M — $6.5M 2.6% 6.2%
FY2019 $116.2M $3.6M — $5.3M 5.4% 13.7%
FY2018 $113.5M $3.7M — $7.2M 6.6% 15.3%
FY2017 $106.8M $3.0M — $4.0M 5.9% 13.5%
FY2016 $103.6M $3.0M — $5.7M 6.6% 15.9%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

FLANIGANS ENTERPRISES INC has demonstrated mature, steady growth, with revenue compounding at 7.9% annually over the past decade.

FLANIGANS ENTERPRISES INC returns on capital have been average, hovering around 11.0% ROIC over the decade.

Over the decade, FLANIGANS ENTERPRISES INC shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, FLANIGANS ENTERPRISES INC is modeled at -19.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-69.63 per share.

BDL stock: frequently asked questions

What is the intrinsic value of Flanigans Enterprises Inc. (BDL) stock?

Graham's formula only works with positive earnings. Flanigans Enterprises Inc. reported diluted EPS of $2.71 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Flanigans Enterprises Inc. grown?

Revenue went from $103.6M in fiscal 2016 to $205.2M in fiscal 2025, a compound annual growth rate of 7.9%. Net income was $5.0M in fiscal 2025.

Does Flanigans Enterprises Inc. generate free cash flow?

Flanigans Enterprises Inc. generated $4.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 9 of the last 10 reported years.

What is BDL's return on invested capital?

Average ROIC over the last 10 fiscal years was 11.0%, and average return on equity was 10.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BDL data come from?

From Flanigans Enterprises Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 12, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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