$43.85
-6.1%BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrรฉes, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $184.0M | $306.2M | $509.7M | $848.5M | $1.4B | $2.4B | $3.9B | $6.5B | $10.8B | $18.0B |
| Maintenance CapEx | -$23.2M | -$38.6M | -$64.2M | -$106.9M | -$177.9M | -$296.2M | -$493.0M | -$820.6M | -$1.4B | -$2.3B |
| Owner Earnings | $160.8M | $267.6M | $445.5M | $741.6M | $1.2B | $2.1B | $3.4B | $5.7B | $9.5B | $15.8B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $148.9M | $229.5M | $353.7M | $545.1M | $840.1M | $1.3B | $2.0B | $3.1B | $4.7B | $7.3B |
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Earnings Call
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