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Carrols Restaurant Group

DB:XQC
Snowflake Description

Fair value with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XQC
DB
$80M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Carrols Restaurant Group, Inc., through its subsidiaries, operates as a restaurant company in the United States. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Carrols Restaurant Group has significant price volatility in the past 3 months.
XQC Share Price and Events
7 Day Returns
-17%
DB:XQC
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-83.2%
DB:XQC
-48.1%
DE Hospitality
-20.9%
DE Market
XQC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Carrols Restaurant Group (XQC) -17% -43.8% -76.5% -83.2% -88.7% -80.9%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • XQC underperformed the Hospitality industry which returned -48.1% over the past year.
  • XQC underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
XQC
Industry
5yr Volatility vs Market
Related Companies

XQC Value

 Is Carrols Restaurant Group 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 Carrols Restaurant Group 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 Carrols Restaurant Group.

DB:XQC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:XQC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (1632.46%))
7.611
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:XQC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Carrols Restaurant Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:XQC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 -37.10 Analyst x1 -33.58
2021 23.20 Analyst x1 19.00
2022 30.90 Analyst x1 22.91
2023 36.53 Est @ 18.23% 24.51
2024 41.15 Est @ 12.64% 24.99
2025 44.74 Est @ 8.73% 24.59
2026 47.43 Est @ 6% 23.59
2027 49.36 Est @ 4.08% 22.22
2028 50.71 Est @ 2.74% 20.66
2029 51.62 Est @ 1.8% 19.04
Present value of next 10 years cash flows $167.00
DB:XQC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $51.62 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$472.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $472.64 ÷ (1 + 10.49%)10
$174.30
DB:XQC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $167.00 + $174.30
$341.30
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $341.30 / 51.84
$6.58
DB:XQC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XQC represents 0.94194x of NasdaqGS:TAST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94194x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.58 x 0.94194
€6.20
Value per share (EUR) From above. €6.20
Current discount Discount to share price of €1.46
= -1 x (€1.46 - €6.20) / €6.20
76.5%

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

Current Discount
Amount off the current price Carrols Restaurant Group is available for.
Intrinsic value
>50%
Share price is €1.46 vs Future cash flow value of €6.2
Current Discount Checks
For Carrols Restaurant Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Carrols Restaurant Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Carrols Restaurant Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Carrols Restaurant Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Carrols Restaurant Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XQC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in USD $-0.74
NasdaqGS:TAST Share Price ** NasdaqGS (2020-04-03) in USD $1.55
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Carrols Restaurant Group.

DB:XQC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TAST Share Price ÷ EPS (both in USD)

= 1.55 ÷ -0.74

-2.11x

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

  • Carrols Restaurant Group is loss making, we can't compare its value to the DE Hospitality industry average.
  • Carrols Restaurant Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Carrols Restaurant Group's expected growth come at a high price?
Raw Data
DB:XQC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
32.7%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Carrols Restaurant Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Carrols Restaurant Group's assets?
Raw Data
DB:XQC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in USD $5.97
NasdaqGS:TAST Share Price * NasdaqGS (2020-04-03) in USD $1.55
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:XQC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TAST Share Price ÷ Book Value per Share (both in USD)

= 1.55 ÷ 5.97

0.26x

* Primary Listing of Carrols Restaurant Group.

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

  • Carrols Restaurant Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Carrols Restaurant Group'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. Carrols Restaurant Group has a total score of 3/6, 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.

XQC Future Performance

 How is Carrols Restaurant Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
32.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Carrols Restaurant Group expected to grow at an attractive rate?
  • Unable to compare Carrols Restaurant Group's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Carrols Restaurant Group's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Carrols Restaurant Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XQC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XQC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 32.7%
DB:XQC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.8%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:XQC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XQC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,686 -10 2
2021-12-31 1,633 76 -22 4
2020-12-31 1,569 44 -48 4
2020-04-05
2019-12-31 1,457 54 -27 4
DB:XQC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-29 1,463 49 -32
2019-09-29 1,369 48 -21
2019-06-30 1,264 53 -11
2019-03-31 1,199 69 -1
2018-12-30 1,179 81 8
2018-09-30 1,156 84 9
2018-07-01 1,144 83 9
2018-04-01 1,120 83 7
2017-12-31 1,089 73 6
2017-10-01 1,045 68 25
2017-07-02 999 63 27
2017-04-02 961 61 29
2017-01-01 944 62 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Carrols Restaurant Group is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Carrols Restaurant Group's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
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
DB:XQC 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 4 Analyst Estimates (S&P Global) See Below

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

DB:XQC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.16 -0.15 -0.18 2.00
2021-12-31 -0.37 -0.17 -0.62 4.00
2020-12-31 -0.81 -0.30 -1.82 4.00
2020-04-05
2019-12-31 -0.57 -0.42 -0.72 3.00
DB:XQC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-29 -0.74
2019-09-29 -0.52
2019-06-30 -0.30
2019-03-31 -0.01
2018-12-30 0.22
2018-09-30 0.27
2018-07-01 0.25
2018-04-01 0.19
2017-12-31 0.16
2017-10-01 0.72
2017-07-02 0.76
2017-04-02 0.83
2017-01-01 1.01

*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 Carrols Restaurant Group will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Carrols Restaurant Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Carrols Restaurant Group has a total score of 1/6, 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.

XQC Past Performance

  How has Carrols Restaurant Group 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 Carrols Restaurant Group'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.
  • Carrols Restaurant Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Carrols Restaurant Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Carrols Restaurant Group's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Carrols Restaurant Group'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 Carrols Restaurant Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XQC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 1,462.77 -31.92 134.92
2019-09-29 1,369.45 -20.61 125.55
2019-06-30 1,264.02 -10.99 120.97
2019-03-31 1,198.51 -0.51 115.33
2018-12-30 1,179.31 7.86 113.48
2018-09-30 1,155.52 9.50 112.55
2018-07-01 1,143.84 8.86 109.56
2018-04-01 1,120.27 6.81 106.67
2017-12-31 1,088.53 5.56 103.23
2017-10-01 1,045.39 25.47 100.22
2017-07-02 999.03 26.80 97.73
2017-04-02 960.92 29.38 97.24
2017-01-01 943.58 35.40 94.40
2016-10-02 931.81 19.46 93.94
2016-07-03 910.62 21.60 90.41
2016-04-03 888.35 10.95 86.45
2016-01-03 859.00 0.00 83.19
2015-09-27 822.85 -34.05 77.66
2015-06-28 784.99 -41.41 74.20
2015-03-29 734.47 -39.96 69.03
2014-12-28 692.76 -38.12 67.05
2014-09-28 665.37 -13.14 67.46
2014-06-29 653.86 -14.19 67.27
2014-03-30 658.80 -15.75 68.96
2013-12-29 663.48 -13.52 68.44
2013-09-29 660.55 -20.25 47.53
2013-06-30 661.71 -23.83 43.14

*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.
  • It is difficult to establish if Carrols Restaurant Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Carrols Restaurant Group has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Carrols Restaurant Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Carrols Restaurant Group'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.
Carrols Restaurant Group has a total score of 0/6, 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.

XQC Health

 How is Carrols Restaurant Group'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 Carrols Restaurant Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Carrols Restaurant Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Carrols Restaurant Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Carrols Restaurant Group'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.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 Carrols Restaurant Group Company Filings, last reported 3 months ago.

DB:XQC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 309.46 458.91 2.97
2019-09-29 318.87 473.29 2.96
2019-06-30 325.98 439.40 3.41
2019-03-31 183.10 280.76 1.67
2018-12-30 185.54 274.83 4.01
2018-09-30 181.86 274.79 19.56
2018-07-01 176.72 274.75 38.17
2018-04-01 167.54 279.20 34.50
2017-12-31 169.06 274.65 29.41
2017-10-01 164.14 274.62 43.88
2017-07-02 160.62 274.61 33.72
2017-04-02 153.68 233.86 2.65
2017-01-01 154.66 209.69 2.00
2016-10-02 125.64 206.51 10.14
2016-07-03 120.69 195.83 9.73
2016-04-03 110.71 195.65 12.33
2016-01-03 108.00 195.47 22.27
2015-09-27 100.59 200.00 71.83
2015-06-28 92.99 200.00 61.00
2015-03-29 97.60 150.00 24.29
2014-12-28 106.54 146.83 21.22
2014-09-28 134.33 150.00 43.31
2014-06-29 135.76 150.00 55.97
2014-03-30 70.07 151.75 1.40
2013-12-29 77.20 150.00 8.30
2013-09-29 78.91 150.00 13.32
2013-06-30 81.88 150.00 13.13
  • Carrols Restaurant Group's level of debt (148.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (138.1% vs 148.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Carrols Restaurant Group has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Carrols Restaurant Group'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. Carrols Restaurant Group has a total score of 0/6, 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.

XQC Dividends

 What is Carrols Restaurant Group'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
0%
Current annual income from Carrols Restaurant Group dividends.
If you bought €2,000 of Carrols Restaurant Group shares you are expected to receive €0 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?
  • Unable to evaluate Carrols Restaurant Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Carrols Restaurant Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:XQC 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 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:XQC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-05
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Carrols Restaurant Group has not reported any payouts.
  • Unable to verify if Carrols Restaurant Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Carrols Restaurant Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Carrols Restaurant Group has not reported any payouts.
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 Carrols Restaurant Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Carrols Restaurant Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Carrols Restaurant Group has a total score of 0/6, see the detailed checks below.


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

XQC Management

 What is the CEO of Carrols Restaurant Group'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
Dan Accordino
COMPENSATION $3,727,221
AGE 68
TENURE AS CEO 8.3 years
CEO Bio

Mr. Daniel T. Accordino, also known as Dan, has been the Chief Executive Officer of Carrols Restaurant Group, Inc. since January 1, 2012 and has been its President since February 1993. Mr. Accordino has been the Chief Executive Officer and President of Carrols LLC, a subsidiary of Carrols Restaurant Group since January 1, 2012. He has been the President of Carrols Corp. since February 1993. He served as the Chief Operating Officer of Carrols Corp. and Carrols Restaurant Group from February 1993 to December 2011. He has over 40 years of Burger King and quick-service restaurant experience at Carrols Restaurant Group, Inc. He served as Chief Executive Officer and President of Taco Cabana Inc. He has been an employee of Carrols Corp. since 1972. Prior to that, he served as Executive Vice President of Operations at Carrols Corp. since December 1986 and as Senior Vice President since April 1984. From 1979 to April 1984, he served as Vice President, responsible for restaurant operations, having previously served as an Assistant Director of Restaurant Operations of Carrols Corp. He has been the Chairman of Carrols Restaurant Group, Inc. since January 1, 2015 and also has been its Director since February 1993. He has been a Director of Carrols Corp. since February 1993. He serves as a Director of Taco Cabana Inc. He serves as Trustee of Hobart & William Smith Colleges.

CEO Compensation
  • Dan's compensation has increased whilst company is loss making.
  • Dan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Carrols Restaurant Group management team in years:

1.4
Average Tenure
61
Average Age
  • The average tenure for the Carrols Restaurant Group management team is less than 2 years, this suggests a new team.
Management Team

Dan Accordino

TITLE
Chairman of the Board
COMPENSATION
$4M
AGE
68
TENURE
8.3 yrs

Jerry DiGenova

TITLE
Vice President of Human Resources
COMPENSATION
$580K
AGE
62
TENURE
18.8 yrs

Tony Hull

TITLE
VP, CFO & Treasurer
AGE
60
TENURE
0.3 yrs

Nathan Mucher

TITLE
Chief Information Officer & VP
AGE
47
TENURE
1.4 yrs

Markus Hartmann

TITLE
VP, General Counsel & Secretary
TENURE
0.2 yrs

Maria Mathews

TITLE
Controller & Assistant Treasurer
Board of Directors Tenure

Average tenure and age of the Carrols Restaurant Group board of directors in years:

2.2
Average Tenure
53
Average Age
  • The average tenure for the Carrols Restaurant Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Harris

TITLE
Independent Director
COMPENSATION
$181K
AGE
59
TENURE
7.9 yrs

Dan Accordino

TITLE
Chairman of the Board
COMPENSATION
$4M
AGE
68
TENURE
5.3 yrs

Hannah Craven

TITLE
Independent Director
COMPENSATION
$177K
AGE
53
TENURE
5.1 yrs

Larry Hyatt

TITLE
Independent Director
COMPENSATION
$181K
AGE
64
TENURE
2.8 yrs

Matt Dunnigan

TITLE
Director
COMPENSATION
$60K
AGE
35
TENURE
2.2 yrs

Deborah Derby

TITLE
Independent Director
COMPENSATION
$37K
AGE
55
TENURE
1.8 yrs

Matt Perelman

TITLE
Independent Director
AGE
32
TENURE
1.3 yrs

Alex Sloane

TITLE
Independent Director
AGE
32
TENURE
1.3 yrs

Christopher Finazzo

TITLE
Director
AGE
37
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Carrols Restaurant Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy David Harris Individual 11. Mar 20 11. Mar 20 40,000 €2.01 €80,389
03. Mar 20 Buy Daniel Accordino Individual 28. Feb 20 28. Feb 20 50,000 €3.82 €190,903
03. Mar 20 Buy Alexander Sloane Individual 28. Feb 20 28. Feb 20 25,316 €3.69 €92,520
03. Mar 20 Buy Anthony Hull Individual 28. Feb 20 28. Feb 20 2,500 €3.85 €9,616
02. Mar 20 Buy Matthew Perelman Individual 28. Feb 20 28. Feb 20 25,000 €3.58 €89,423
02. Mar 20 Buy Markus Hartmann Individual 28. Feb 20 28. Feb 20 2,500 €3.49 €8,722
15. Aug 19 Buy Matthew Perelman Individual 13. Aug 19 13. Aug 19 13,200 €6.94 €90,730
15. Aug 19 Buy Alexander Sloane Individual 13. Aug 19 13. Aug 19 13,315 €6.75 €89,685
09. Aug 19 Sell Richard Cross Individual 07. Aug 19 07. Aug 19 -14,600 €7.71 €-112,149
22. May 19 Buy Matthew Perelman Individual 20. May 19 20. May 19 11,500 €7.67 €87,612
22. May 19 Buy Alexander Sloane Individual 20. May 19 20. May 19 11,709 €7.69 €89,752
X
Management checks
We assess Carrols Restaurant Group'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. Carrols Restaurant Group 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.

XQC News

Simply Wall St News

XQC Company Info

Description

Carrols Restaurant Group, Inc., through its subsidiaries, operates as a restaurant company in the United States. The company operates as a Burger King franchisee. As of December 29, 2019, it had, as franchisee, 1,036 Burger King restaurants located in 23 Northeastern, Midwestern, and Southeastern states; and 65 Popeyes restaurants in seven Southeastern states. The company was founded in 1960 and is headquartered in Syracuse, New York.

Details
Name: Carrols Restaurant Group, Inc.
XQC
Exchange: DB
Founded: 1960
$74,478,556
51,840,200
Website: http://www.carrols.com
Address: Carrols Restaurant Group, Inc.
968 James Street,
PO Box 6969,
Syracuse,
New York, 13203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TAST Voting Common Stock Nasdaq Global Select US USD 15. Dec 2006
DB XQC Voting Common Stock Deutsche Boerse AG DE EUR 15. Dec 2006
Number of employees
Current staff
Staff numbers
31,500
Carrols Restaurant Group employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 23:35
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/29
Last annual earnings reported: 2019/12/29


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.