FWRG - NASDAQ
First Watch Restaurant Group, Inc.
$10.53
+0.86%First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
At a Glance
Live SnapshotFirst Watch Restaurant Group, Inc. Fair Value Envelope
Owner Earnings Valuation Tool
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Historical Financial Data
Base year metrics used for projections
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DCF Valuation Summary
Calculation flow from present value to intrinsic value per share
Owner Earnings Projections
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 | $63.0M | $31.5M | $15.7M | $7.9M | $3.9M | $2.0M | $983.7K | $491.8K | $245.9K | $123.0K |
| Maintenance CapEx | -$15.7M | -$7.8M | -$3.9M | -$2.0M | -$980.7K | -$490.3K | -$245.2K | -$122.6K | -$61.3K | -$30.6K |
| Owner Earnings | $47.3M | $23.6M | $11.8M | $5.9M | $3.0M | $1.5M | $738.5K | $369.3K | $184.6K | $92.3K |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $43.8M | $20.3M | $9.4M | $4.3M | $2.0M | $930.8K | $430.9K | $199.5K | $92.4K | $42.8K |
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