El Pollo Loco Financials

$105.6 M

Revenue Q2, 2017

$407.7 M

Mkt cap, 08-Dec-2017
Net income (Q2, 2017)7.8 M
EBIT (Q2, 2017)12.7 M
Cash, 28-Jun-20174.4 M
EV498.2 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

293.6 m314.7 m344.9 m355.1 m380.1 m

Revenue growth, %

7%10%3%7%

Cost of goods sold

102.6 m105.9 m107.2 m

Gross profit

242.3 m249.1 m272.9 m

Gross profit Margin, %

70%70%72%

Sales and marketing expense

149.2 m154.2 m175.7 m

General and administrative expense

29.5 m29 m34.7 m

Operating expense total

178.7 m183.2 m210.4 m

EBIT

49.3 m48.8 m34.6 m

EBIT margin, %

14%14%9%

Interest expense

38.9 m36.3 m18.1 m3.7 m3.2 m

Pre tax profit

44.9 m31.1 m

Income tax expense

2 m1.4 m(63 m)(20.9 m)(12.8 m)

Net Income

42.5 m24.1 m18.3 m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

86.6 m90.4 m89.5 m88.9 m94.4 m97.5 m95.8 m99.8 m105.6 m

Sales and marketing expense

38.2 m38.7 m38.5 m39 m43.3 m43.9 m44.5 m47.4 m48.2 m

General and administrative expense

7.5 m7.5 m6.4 m6.3 m9.2 m8.3 m8.3 m9.7 m9.6 m

Operating expense total

75.6 m77.5 m75.9 m76.3 m84.1 m84.1 m86.8 m90.4 m57.7 m

EBIT

13.6 m13 m13.6 m12.5 m10.3 m13.4 m9 m9.4 m12.7 m

EBIT margin, %

16%14%15%14%11%14%9%9%12%

Interest expense

4 m1.2 m1 m810 k

Pre tax profit

(35.5 m)11.5 m12.3 m9.2 m12.6 m8 m8.3 m12.1 m

Income tax expense

(61.4 m)4.7 m5.1 m6.5 m3.8 m5.3 m2.8 m3.5 m4.2 m

Net Income

25.8 m6.8 m7.2 m4.7 m5.4 m7.3 m5.2 m4.9 m7.8 m

Balance Sheet

Annual

USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016

Cash

19 m21.5 m17 m11.5 m6.1 m2.2 m

Accounts Receivable

5.8 m6.2 m6.9 m

Inventories

1.9 m1.9 m2.1 m

Current Assets

44 m38.6 m35.9 m

PP&E

82.1 m102.4 m118.5 m

Goodwill

248.7 m248.7 m248.7 m

Total Assets

455.3 m461 m471.3 m

Accounts Payable

5.5 m11 m11.6 m

Short-term debt

208 k177 k144 k

Current Liabilities

31.6 m39.6 m45.3 m

Long-term debt

165.6 m123.5 m104.3 m

Total Debt

165.8 m123.6 m104.5 m

Total Liabilities

206.1 m

Common Stock

385 k

Additional Paid-in Capital

359.5 m369.6 m371.8 m

Retained Earnings

(149.4 m)(125.4 m)(107 m)

Total Equity

210.4 m244.6 m265.2 m

Debt to Equity Ratio

0.8 x0.5 x0.4 x

Debt to Assets Ratio

0.4 x0.3 x0.2 x

Financial Leverage

2.2 x1.9 x1.8 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

41.8 m8.6 m6.4 m8.2 m8.9 m9.5 m6.5 m6.7 m4.4 m

Accounts Receivable

5.7 m6 m5.7 m6.1 m6.7 m6.7 m8.5 m8 m8.3 m

Inventories

1.6 m1.7 m1.7 m1.8 m1.8 m1.8 m1.8 m1.9 m2.1 m

Current Assets

53.1 m40 m38.2 m39.1 m39.3 m36.4 m30.4 m21 m18.5 m

PP&E

79.8 m83 m85.8 m93 m106.9 m111 m117.3 m123.5 m126.6 m

Goodwill

248.7 m248.7 m248.7 m248.7 m248.7 m248.7 m248.7 m248.7 m248.7 m

Total Assets

477 m447.5 m443.3 m450.8 m466.1 m467 m467.2 m463.4 m463.8 m

Accounts Payable

14.7 m5 m7.2 m10.6 m8.8 m9.1 m9.4 m12.3 m9.6 m

Short-term debt

222 k203 k194 k185 k171 k172 k159 k125 k125 k

Current Liabilities

45.1 m30.9 m30.4 m39.9 m41.5 m34.6 m38.1 m50.7 m57.5 m

Long-term debt

150.6 m135.6 m125.5 m120.9 m116.9 m107.3 m101.3 m94.8 m

Total Debt

222 k150.8 m135.7 m125.7 m121.1 m117.1 m107.5 m101.4 m94.9 m

Total Liabilities

277.7 m229.8 m214.4 m211.2 m216 m208.7 m203.3 m193.2 m185.4 m

Common Stock

385 k

Additional Paid-in Capital

353 m359.9 m363.9 m370 m369.6 m370.6 m371 m372 m372.3 m

Retained Earnings

(154 m)(142.6 m)(135.4 m)(130.8 m)(119.9 m)(112.7 m)(107.5 m)(102.2 m)(94.4 m)

Total Equity

199.3 m217.7 m228.9 m239.6 m250.1 m258.3 m263.9 m270.2 m278.4 m

Financial Leverage

2.4 x2.1 x1.9 x1.9 x1.9 x1.8 x1.8 x1.7 x1.7 x

Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016

Net Income

42.5 m24.1 m18.3 m

Depreciation and Amortization

11.5 m13.1 m16.1 m

Accounts Receivable

147 k(427 k)(844 k)

Inventories

(245 k)1 k(221 k)

Accounts Payable

(8 m)2.3 m(4.6 m)

Cash From Operating Activities

(5.5 m)58 m49.3 m

Purchases of PP&E

(26.8 m)(30.8 m)(37.4 m)

Cash From Investing Activities

(21.4 m)(30.8 m)(35.2 m)

Short-term Borrowings

(19 m)

Long-term Borrowings

(291.8 m)(291.7 m)(291.7 m)

Cash From Financing Activities

(10.2 m)(32.5 m)(18 m)

Interest Paid

20.2 m3.5 m3.1 m

Income Taxes Paid

156 k18 k171 k

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

25.8 m6.8 m7.2 m4.7 m5.4 m7.3 m5.2 m4.9 m

Depreciation and Amortization

2.9 m3.1 m3.2 m3.3 m3.8 m4 m4.1 m4.3 m

Accounts Receivable

5.7 m6 m5.7 m6.1 m6.7 m6.7 m8.5 m8 m

Inventories

1.6 m1.7 m1.7 m1.8 m1.8 m1.8 m1.8 m1.9 m

Accounts Payable

14.7 m5 m7.2 m10.6 m8.8 m9.1 m9.4 m12.3 m

Ratios

Y, 2017

EV/EBIT

39.1 x

Financial Leverage

1.7 x