Noodles & Company (NDLS) vs TH International Limited (THCH)

Noodles & Company and TH International Limited are both Restaurants companies. Noodles & Company is the larger, with a market value of $77.0M against $36.9M — 2.1× the size. Noodles & Company grew revenue faster over the last twelve months: 0.19% against −5.18%. Noodles & Company has the higher net margin (−4.71% vs −42.1%) and the higher return on invested capital (−15.3% vs −186.8%). Across the 16 metrics below, Noodles & Company leads on 15 and TH International Limited on 1.

Valuation

Metric NDLS THCH Restaurants median
P/E n/m n/m 22.14
P/S 0.15 0.24 0.91
P/B n/m n/m 2.01
Price to free cash flow 19.87 n/m 19.41
EV/EBITDA 16.40 n/m 11.48
EV/Sales 0.42 1.51 1.20
Earnings yield (31.80%) (170.99%) 2.30%
Free cash flow yield 5.03% (147.87%) 3.92%

Profitability

Metric NDLS THCH Restaurants median
Gross margin 75.00% 62.89% 38.77%
Operating margin (2.58%) (26.20%) 4.30%
Net margin (4.71%) (42.09%) 1.85%
Free cash flow margin 0.76% (0.02%) 3.12%
Return on equity 57.04% 43.26% 3.07%
Return on assets (8.80%) (42.85%) 1.50%
Return on invested capital (15.33%) (186.84%) 3.14%

Growth

Metric NDLS THCH Restaurants median
Revenue growth (TTM) 0.19% (5.18%) 5.16%
EPS growth (last fiscal year) (15.00%) (9.77%) —
Revenue growth, 5-year CAGR 4.69% — 10.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NDLS THCH Restaurants median
Debt to equity (2.05) (1.16) 0.10
Current ratio 0.29 0.28 0.81
Net debt to EBITDA (29.34) (8.12) 0.43

Dividend

Metric NDLS THCH Restaurants median
Dividend yield — — 2.32%
Payout ratio 0.00 0.00 0.00

Size

Metric NDLS THCH Restaurants median
Market cap 77.03m 36.87m 482.66m

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