- December quarter was weak as expected, but outlook improving with 48% upside.
- P/E of 14.8x, with FCF Yield of 13.2%, on normal year FY9/2022e shows Ark Restaurants is still very undervalued.
- Management says company will reach positive cash flow in June, benefitted by seasonality and easing of Covid-19.
- Ark Restaurants is a survivor with more market share as 17% of the restaurant industry closes its door.
- Blue Moon Fish Company acquisition in December 2020 is EPS and FCF accretive, and has generated strong cash flows.
For further details see:
Ark Restaurants: 13% FCF Yield And Cash Flow Positive By June; 48% Upside