- Pure “unlock & recovery” play and an “under-followed gem” with upside of 51%.
- P/E of 11x, with FCF Yield of 11%, on normal year FY9/2022e shows Ark Restaurants is still very undervalued.
- Management says company will reach positive cash flow in June fiscal year 2021.
- Ark Restaurants is a survivor with more market share as 17% of the restaurant industry closes its doors.
- The company acquires restaurants and the underlying land, adding hidden asset value to the books.
For further details see:
Ark Restaurants: Pure Unlock And Recovery Play Trading At 11% FCF Yield With 51% Upside