Flanigan's Enterprises, Inc. (BDL) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-49.8%

$32.78

vs $65.30 price

Levered DCF

-$17.11

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.31

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.01×	15.19×	15.35×	7.51×	4.07×	29.73×	7.91×	14.34×
P/B	0.85×	0.83×	1.04×	0.85×	0.94×	0.84×	1.11×	1.5×
P/S	0.27×	0.27×	0.35×	0.3×	0.35×	0.29×	0.37×	0.47×
EV / EBITDA	4.87×	5.94×	6.58×	3.83×	2.72×	6.25×	4.48×	5.23×
Gross margin	19.0%	21.7%	18.8%	25.5%	20.9%	20.1%	23.2%	24.0%
Operating margin	4.0%	3.4%	4.0%	4.4%	6.3%	2.6%	5.4%	6.6%
Net margin	2.5%	1.8%	2.3%	4.0%	8.6%	1.0%	4.6%	3.2%
Current ratio	1.69×	1.58×	1.58×	2.29×	1.97×	1.44×	1.49×	1.43×
Debt / equity	0.72×	0.82×	0.87×	1×	1×	1.38×	0.34×	0.41×
Interest coverage	8.49×	6.28×	6.58×	9.15×	9.22×	3.48×	8.92×	9.89×
Dividend yield	1.8%	1.8%	1.4%	3.9%	0.0%	1.7%	1.2%	0.9%
Payout ratio	20.3%	27.7%	21.0%	29.4%	0.0%	50.2%	9.7%	12.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.7%	5.5%	6.8%	11.3%	23.0%	2.8%	14.0%	10.4%
Return on invested capital	5.9%	4.8%	4.9%	4.9%	7.2%	2.9%	9.4%	10.6%
Return on assets	3.6%	2.4%	2.7%	4.3%	9.2%	1.0%	7.8%	5.5%
Free cash flow yield	7.7%	2.7%	-16.6%	2.0%	5.7%	17.2%	9.1%	8.8%
Earnings yield	9.1%	6.6%	6.5%	13.3%	24.6%	3.3%	12.6%	7.0%
Enterprise value	$82.5M	$79.9M	$87.2M	$61.2M	$66.6M	$57.8M	$41.9M	$53.9M
Net debt / EBITDA	1.59×	2.14×	1.95×	0.86×	0.76×	2.66×	-0.06×	0.11×
Cash conversion cycle (days)	4	2	-4	-4	-6	-21	-19	-24