SHAK - Shake Shack Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$118.89
DETAILS
HIGH:
$156.00
LOW:
$90.00
MEDIAN:
$110.00
CONSENSUS:
$118.89
UPSIDE:
19.95%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,252.6 | 1,087.5 | 900.5 | 739.9 | 522.9 | 594.5 | 459.3 | 358.8 | 268.5 | 190.6 |
| Cost of Revenue | 678.7 | 609.3 | 518.9 | 433.4 | 310.1 | 329.0 | 248.2 | 190.1 | 139.3 | 98.8 |
| Gross Profit | 573.9 | 478.2 | 381.5 | 306.5 | 212.7 | 265.5 | 211.1 | 168.7 | 129.2 | 91.8 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 242.1 | 209.4 | 188.5 | 146.4 | 115.8 | 114.1 | 85.4 | 67.2 | 52.4 | 53.0 |
| Other Expenses | 328.8 | 262.9 | 219.9 | 175.9 | 140.8 | 125.7 | 94.0 | 67.7 | 49.0 | 32.0 |
| Operating Expenses | 570.9 | 472.3 | 408.4 | 322.4 | 256.6 | 239.8 | 179.4 | 134.9 | 101.4 | 85.0 |
| Operating Income | ||||||||||
| Operating Income | 3.0 | 5.9 | (26.9) | (15.9) | (43.9) | 25.7 | 31.7 | 33.8 | 27.8 | 6.8 |
| Interest Expense | 2.0 | 1.7 | 1.5 | 1.6 | 0.8 | 0.4 | 2.4 | 1.6 | 0.4 | 0.3 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 120.9 | 111.7 | 51.5 | 44.5 | 5.6 | 68.7 | 62.2 | 183.6 | 43.4 | 17.0 |
| EBIT | 16.3 | 18.7 | (22.8) | (15.8) | (44.7) | 27.9 | 33.2 | 161.9 | 28.9 | 6.8 |
| Income Before Tax | 14.2 | 17.0 | (24.3) | (17.3) | (45.5) | 27.5 | 30.8 | 160.3 | 28.5 | 6.4 |
| Income Tax Expense | 3.4 | (4.0) | (1.2) | (11.3) | 0.1 | 3.4 | 8.9 | 151.4 | 6.3 | 3.3 |
| Net Income | 10.2 | 20.3 | (21.2) | (4.6) | (42.2) | 19.8 | 15.2 | (0.3) | 12.4 | (8.8) |
| Per Share Data | ||||||||||
| EPS (Basic) | 0.26 | 0.51 | -0.66 | -0.22 | -1.23 | 0.63 | 0.54 | -0.09 | 0.54 | -0.65 |
| EPS (Diluted) | 0.24 | 0.46 | -0.66 | -0.22 | -1.23 | 0.61 | 0.52 | -0.09 | 0.53 | -0.65 |
| Shares Outstanding | 39.8 | 39.4 | 39.2 | 39.1 | 37.1 | 31.4 | 28.3 | 25.9 | 23.0 | 13.5 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 320.7 | 224.7 | 230.5 | 302.4 | 146.9 | 37.1 | 24.8 | 21.5 | 11.6 | 70.8 |
| Short-Term Investments | 0.0 | 68.6 | 80.7 | 80.0 | 36.9 | 36.5 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Receivables | 19.7 | 29.0 | 24.0 | 13.7 | 9.5 | 10.0 | 10.5 | 5.6 | 6.0 | 4.2 |
| Inventory | 6.0 | 5.4 | 4.2 | 3.9 | 2.9 | 2.2 | 1.7 | 1.3 | 0.8 | 0.5 |
| Other Current Assets | 0.8 | 1.2 | 0.8 | 9.8 | 7.1 | 1.9 | 0.0 | 2.2 | 3.1 | 0.0 |
| Total Current Assets | 368.2 | 334.4 | 344.0 | 409.7 | 203.2 | 87.7 | 101.1 | 93.2 | 83.9 | 78.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 976.2 | 929.3 | 834.5 | 736.7 | 642.9 | 589.3 | 261.9 | 187.1 | 136.3 | 93.0 |
| Goodwill | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Intangible Assets | 2.0 | 1.9 | 0.0 | 1.5 | 1.4 | 1.4 | 1.2 | 0.9 | 0.7 | 0.7 |
| Long-Term Investments | 0.0 | (1.9) | 0.0 | 0.0 | (1.4) | 0.0 | (1.2) | (0.9) | 0.6 | 2.1 |
| Other Non-Current Assets | 8.9 | 14.0 | 15.8 | 11.1 | 12.3 | 10.1 | 5.0 | 4.4 | 3.4 | 2.8 |
| Total Non-Current Assets | 1,328.8 | 1,271.4 | 1,168.0 | 1,051.1 | 942.2 | 885.1 | 509.4 | 377.4 | 454.2 | 300.6 |
| Total Assets | 1,697.0 | 1,605.9 | 1,512.0 | 1,460.8 | 1,145.3 | 972.8 | 610.5 | 470.6 | 538.2 | 379.5 |
| Current Liabilities | ||||||||||
| Account Payables | 23.6 | 22.3 | 20.4 | 19.9 | 23.5 | 14.3 | 12.5 | 8.2 | 6.9 | 6.8 |
| Short-Term Debt | 55.7 | 0.0 | 0.0 | 38.2 | 0.0 | 31.9 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 2.6 | 2.6 | 2.3 | 3.3 | 2.6 | 2.3 | 1.8 | 1.5 | 1.2 | 0.8 |
| Other Current Liabilities | 20.1 | 5.0 | 9.4 | 45.4 | 35.5 | 39.5 | 35.0 | 19.6 | 18.7 | 11.4 |
| Total Current Liabilities | 187.3 | 164.1 | 147.7 | 121.5 | 109.7 | 99.4 | 59.9 | 34.0 | 31.7 | 24.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 246.7 | 245.6 | 244.6 | 243.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 3.2 | 0.0 | 4.5 | 1.4 | 0.7 | 0.4 | 0.3 |
| Other Non-Current Liabilities | 249.2 | 236.4 | 237.3 | 239.8 | 241.7 | 227.0 | 256.3 | 197.6 | 303.1 | 198.2 |
| Total Non-Current Liabilities | 1,016.0 | 972.4 | 927.4 | 903.7 | 601.1 | 551.4 | 277.1 | 212.1 | 305.1 | 198.5 |
| Total Liabilities | 1,203.3 | 1,136.5 | 1,075.1 | 1,025.2 | 710.9 | 650.8 | 337.1 | 246.1 | 336.8 | 222.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 27.0 | 16.8 | (3.5) | 3.6 | 12.2 | 54.4 | 30.4 | 16.4 | 16.7 | 4.3 |
| Accumulated Other Comprehensive Income | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | (0.0) |
| Total Stockholders' Equity | 470.0 | 443.4 | 412.2 | 409.5 | 407.3 | 298.8 | 273.5 | 224.5 | 201.4 | 157.0 |
| Total Liabilities & Equity | 1,697.0 | 1,605.9 | 1,512.0 | 1,460.8 | 1,145.3 | 972.8 | 610.5 | 470.6 | 538.2 | 379.5 |
| Debt Metrics | ||||||||||
| Total Debt | 865.4 | 771.3 | 720.5 | 686.2 | 385.0 | 340.4 | 20.8 | 14.5 | 2.0 | 0.3 |
| Net Debt | 544.6 | 546.7 | 490.0 | 383.8 | 238.1 | 303.3 | (3.9) | (7.0) | (9.6) | (70.5) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 10.2 | 21.0 | (23.1) | (6.0) | (45.5) | 19.8 | 21.9 | 8.9 | 22.1 | 3.1 |
| Depreciation & Amortization | 104.6 | 93.0 | 74.3 | 60.2 | 50.2 | 40.7 | 29.0 | 21.7 | 14.5 | 10.2 |
| Stock-Based Compensation | 15.9 | 14.9 | 13.3 | 8.7 | 5.6 | 0.0 | 6.1 | 5.6 | 5.4 | 16.7 |
| Change in Working Capital | (69.4) | (58.0) | (45.4) | (44.1) | (28.6) | (17.5) | 25.9 | 14.6 | 13.2 | 11.7 |
| Other Non-Cash Items | 110.9 | 70.2 | 62.6 | 54.0 | 57.0 | 52.6 | 1.6 | (126.3) | (0.4) | 0.3 |
| Operating Cash Flow | 171.2 | 132.1 | 76.7 | 58.4 | 37.4 | 89.6 | 85.4 | 70.9 | 54.3 | 41.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (135.5) | (146.2) | (142.6) | (101.5) | (69.0) | (106.5) | (87.5) | (61.5) | (54.4) | (32.1) |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | 0.0 | (94.7) | (0.9) | (47.4) | (20.4) | (1.2) | (1.2) | (7.9) | (61.3) | (2.4) |
| Sales/Maturities of Investments | 69.4 | 108.6 | 0.0 | 4.0 | 20.0 | 27.0 | 2.1 | 7.5 | 0.9 | 0.0 |
| Other Investing Activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | (0.0) | (0.0) | (60.3) | (2.4) |
| Investing Cash Flow | (66.1) | (132.3) | (143.4) | (144.9) | (69.4) | (80.7) | (86.6) | (61.9) | (114.8) | (34.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (4.0) | (3.3) | (3.0) | 241.1 | (2.2) | (1.9) | 0.7 | 0.9 | (0.2) | 0.0 |
| Stock Repurchased | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.9) | (0.3) | 0.0 | 0.0 |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (11.1) |
| Other Financing Activities | (6.7) | (2.4) | (2.2) | 1.0 | (1.0) | (3.8) | 3.8 | 0.0 | 1.5 | (36.7) |
| Financing Cash Flow | (9.0) | (5.7) | (5.2) | 242.0 | 141.8 | 3.5 | 4.5 | 1.0 | 1.2 | 61.4 |
| Cash Position | ||||||||||
| Net Change in Cash | 96.1 | (5.9) | (71.9) | 155.5 | 109.8 | 12.3 | 3.2 | 9.9 | (59.2) | 68.2 |
| Cash at Beginning | 224.7 | 230.5 | 302.4 | 146.9 | 37.1 | 24.8 | 21.5 | 11.6 | 70.8 | 2.7 |
| Cash at End | 320.7 | 224.7 | 230.5 | 302.4 | 146.9 | 37.1 | 24.8 | 21.5 | 11.6 | 70.8 |
| Free Cash Flow | 35.7 | (14.0) | (65.8) | (43.1) | (31.7) | (16.9) | (2.1) | 9.3 | (0.1) | 9.1 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,252.6 | 1,087.5 | 900.5 | 739.9 | 522.9 | 594.5 | 459.3 | 358.8 | 268.5 | 190.6 |
| Gross Profit | 573.9 | 478.2 | 381.5 | 306.5 | 212.7 | 265.5 | 211.1 | 168.7 | 129.2 | 91.8 |
| Operating Income | 3.0 | 5.9 | (26.9) | (15.9) | (43.9) | 25.7 | 31.7 | 33.8 | 27.8 | 6.8 |
| Net Income | 10.2 | 20.3 | (21.2) | (4.6) | (42.2) | 19.8 | 15.2 | (0.3) | 12.4 | (8.8) |
| EPS (Diluted) | 0.24 | 0.46 | -0.66 | -0.22 | -1.23 | 0.61 | 0.52 | -0.09 | 0.53 | -0.65 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 320.7 | 224.7 | 230.5 | 302.4 | 146.9 | 37.1 | 24.8 | 21.5 | 11.6 | 70.8 |
| Total Assets | 1,697.0 | 1,605.9 | 1,512.0 | 1,460.8 | 1,145.3 | 972.8 | 610.5 | 470.6 | 538.2 | 379.5 |
| Total Debt | 865.4 | 771.3 | 720.5 | 686.2 | 385.0 | 340.4 | 20.8 | 14.5 | 2.0 | 0.3 |
| Stockholders' Equity | 470.0 | 443.4 | 412.2 | 409.5 | 407.3 | 298.8 | 273.5 | 224.5 | 201.4 | 157.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 171.2 | 132.1 | 76.7 | 58.4 | 37.4 | 89.6 | 85.4 | 70.9 | 54.3 | 41.3 |
| Capital Expenditure | (135.5) | (146.2) | (142.6) | (101.5) | (69.0) | (106.5) | (87.5) | (61.5) | (54.4) | (32.1) |
| Free Cash Flow | 35.7 | (14.0) | (65.8) | (43.1) | (31.7) | (16.9) | (2.1) | 9.3 | (0.1) | 9.1 |