First Watch Financials

FWRG Stock  USD 18.66  0.42  2.30%   
Based on the key indicators obtained from First Watch's historical financial statements, First Watch Restaurant is performing exceptionally good at the present time. It has a great chance to report excellent financial results in December. At this time, First Watch's Accounts Payable is most likely to increase significantly in the upcoming years. The First Watch's current Non Currrent Assets Other is estimated to increase to about 1.8 M, while Other Current Liabilities is projected to decrease to roughly 28 M. Key indicators impacting First Watch's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.240.25
Sufficiently Down
Pretty Stable
Current Ratio0.50.56
Fairly Down
Slightly volatile
The financial analysis of First Watch is a critical element in measuring its lifeblood. Investors should not minimize First Watch's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

26.65 Million

  
Understanding current and past First Watch Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of First Watch's financial statements are interrelated, with each one affecting the others. For example, an increase in First Watch's assets may result in an increase in income on the income statement.

First Watch Stock Summary

First Watch competes with Dine Brands, Bloomin Brands, BJs Restaurants, Cheesecake Factory, and Brinker International. First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida. First Watch operates under Restaurants classification in the United States and is traded on NASDAQ Exchange. It employs 10000 people.
Specialization
Consumer Discretionary, Consumer Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS33748L1017
CUSIP33748L101
LocationFlorida; U.S.A
Business Address8725 Pendery Place,
SectorHotels, Restaurants & Leisure
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.firstwatch.com
Phone941 907 9800
CurrencyUSD - US Dollar

First Watch Key Financial Ratios

First Watch Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets982.1M1.0B1.0B1.1B1.3B1.1B
Other Current Liab30.4M10.9M11.9M18.0M50.3M28.0M
Other Liab33.2M15.9M15.7M20.6M18.5M23.2M
Net Tangible Assets(160.0M)(168.0M)16.2M34.8M40.0M42.0M
Net Debt565.3M599.1M422.1M457.7M557.3M474.0M
Retained Earnings(53.3M)(102.9M)(105.0M)(98.1M)(72.7M)(76.4M)
Accounts Payable5.1M4.2M11.1M7.6M6.3M7.3M
Cash11.1M38.8M51.9M49.7M49.6M39.9M
Other Assets1.2M1.3M1.3M1.3M1.5M1.4M
Net Receivables5.7M3.9M4.5M6.2M5.5M5.1M
Inventory2.7M2.9M4.0M5.0M5.4M4.1M
Other Current Assets253K3.4M7.4M6.4M10.6M6.8M
Total Liab652.3M686.6M542.5M581.3M705.8M634.0M
Total Current Assets24.2M49.0M67.7M67.3M71.2M56.6M
Intangible Assets144.6M143.7M143M143.2M151.2M120.5M

First Watch Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense20.1M22.8M20.1M5.2M8.1M10.2M
Total Revenue436.4M342.4M601.2M730.2M891.6M614.4M
Gross Profit87.4M29.9M127.5M139.5M190.1M118.4M
Operating Income(2.5M)(47.2M)22.2M16.9M41.3M43.3M
Ebit(2.5M)(46.7M)14.3M4.4M45.8M48.1M
Ebitda25.5M(4.3M)59.7M54.7M87.0M47.0M
Cost Of Revenue349.0M312.5M473.6M590.6M701.4M496.0M
Income Before Tax(57.9M)(69.6M)370K12.6M36.1M37.9M
Net Income(45.5M)(49.7M)(2.1M)6.9M25.4M26.7M
Income Tax Expense(12.4M)(19.9M)2.5M5.7M10.7M11.2M

First Watch Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(439K)(203K)(1.1M)(1.0M)(62K)(65.1K)
Change In Cash(5.2M)28.0M13.0M(2.2M)38K36.1K
Net Borrowings56.9M33.3M(189.3M)(3.4M)(3.0M)(3.2M)
Free Cash Flow(37.7M)(45.3M)27.3M(393K)10.7M11.2M
Depreciation28.0M30.7M32.4M34.2M41.2M35.3M
Other Non Cash Items45.3M13.3M16.0M17.2M20.1M17.2M
Capital Expenditures59.2M27.0M35.7M63.3M84.5M56.4M
Net Income(45.5M)(49.7M)(2.1M)6.9M25.4M26.7M
End Period Cash Flow11.1M39.1M52.1M49.9M50.0M40.1M
Change To Netincome33.5M(7.2M)25.6M31.8M36.6M18.8M

First Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining First Watch's current stock value. Our valuation model uses many indicators to compare First Watch value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across First Watch competition to find correlations between indicators driving First Watch's intrinsic value. More Info.
First Watch Restaurant is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.58  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for First Watch Restaurant is roughly  1.72 . At this time, First Watch's Return On Equity is most likely to slightly decrease in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value First Watch by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

First Watch Restaurant Systematic Risk

First Watch's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. First Watch volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on First Watch Restaurant correlated with the market. If Beta is less than 0 First Watch generally moves in the opposite direction as compared to the market. If First Watch Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one First Watch Restaurant is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of First Watch is generally in the same direction as the market. If Beta > 1 First Watch moves generally in the same direction as, but more than the movement of the benchmark.

First Watch Thematic Clasifications

First Watch Restaurant is part of several thematic ideas from Restaurants to Restaraunts Hotels Motels. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in First Watch Stock are looking for potential investment opportunities by analyzing not only static indicators but also various First Watch's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of First Watch growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.28

At this time, First Watch's Price Earnings To Growth Ratio is most likely to increase slightly in the upcoming years.

First Watch November 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of First Watch help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of First Watch Restaurant. We use our internally-developed statistical techniques to arrive at the intrinsic value of First Watch Restaurant based on widely used predictive technical indicators. In general, we focus on analyzing First Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build First Watch's daily price indicators and compare them against related drivers.

Complementary Tools for First Stock analysis

When running First Watch's price analysis, check to measure First Watch's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Watch is operating at the current time. Most of First Watch's value examination focuses on studying past and present price action to predict the probability of First Watch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Watch's price. Additionally, you may evaluate how the addition of First Watch to your portfolios can decrease your overall portfolio volatility.
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals