Fat Brands, Inc. (FATPQ) intrinsic value & 10-year financials
Fat Brands, Inc. (FATPQ) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 122.8% a year to $592.7M, with an average return on invested capital of -0.4%.
- Graham intrinsic value
- —
- Revenue (FY2024)
- $592.7M
- Revenue growth (8-yr CAGR)
- 122.8%
- ROIC (10-yr avg)
- -0.4%
- Free cash flow (FY2024)
- -$79.0M
FATPQ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $592.7M | -$189.8M | -$11.60 | -$79.0M | -8.8% | -5.0% |
| FY2023 | $480.5M | -$90.1M | -$5.85 | -$54.5M | 4.6% | 2.1% |
| FY2022 | $407.2M | -$126.2M | -$7.66 | -$68.8M | -4.4% | -2.0% |
| FY2021 | $118.9M | -$31.6M | -$2.15 | -$9.7M | 0.7% | 0.2% |
| FY2020 | $18.1M | -$14.9M | -$1.25 | -$11.9M | -83.3% | -27.8% |
| FY2019 | $22.5M | -$1.0M | — | $3.0M | 29.8% | 18.9% |
| FY2018 | $18.4M | -$1.8M | -$0.16 | $1.7M | 23.1% | 10.5% |
| FY2017 | $2.2M | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fat Brands, Inc is a consistent compounder, expanding top-line revenue at 122.8% annually over the past decade.
Fat Brands, Inc has historically struggled to out-earn its cost of capital, averaging just -0.4% ROIC.
Fat Brands, Inc capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Fat Brands, Inc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-385.30 per share.