(KRUS) Kura Sushi USA - Overview
Sector: Consumer Cyclical | Industry: Restaurants | Exchange: NASDAQ (USA) | Market Cap: 620m USD | Total Return: -17.9% in 12m
Avg Turnover: 13.1M
Qual. Beats: 0
Rev. Trend: 99.4%
Qual. Beats: 1
Warnings
High Debt/EBITDA (10.5) with thin interest coverage (-13.6)
Interest Coverage Ratio -13.6 is critical
Altman Z'' -0.19 < 1.0 - financial distress zone
Fakeout Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Kura Sushi USA, Inc. (KRUS) operates a network of technology-driven Japanese restaurants across the United States. Headquartered in Irvine, California, the company utilizes a revolving sushi service model, branded as the Kura Experience, which integrates automated food delivery with interactive customer displays. Founded in 2008, the firm operates as a subsidiary of the Japan-based Kura Sushi, Inc.
The business model relies on high inventory turnover and labor efficiency through the use of Mr. Fresh ventilated sushi lids and automated plate-tracking systems. Within the restaurant sector, this conveyor belt format-known as kaitenzushi-reduces front-of-house staffing requirements compared to traditional full-service dining establishments. Investors can find further data on these operational metrics at ValueRay.
- New restaurant openings drive top-line revenue growth and geographic market expansion
- Rising labor and food costs pressure restaurant-level operating profit margins
- Proprietary technology and gamification increase table turnover and customer traffic
- Consumer discretionary spending trends impact average check size and dining frequency
- Supply chain dependencies on Japanese imports create vulnerability to currency fluctuations
| Net Income: -1.93m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 7.48 > 1.0 |
| NWC/Revenue: 6.45% < 20% (prev 22.92%; Δ -16.47% < -1%) |
| CFO/TA 0.05 > 3% & CFO 24.1m > Net Income -1.93m |
| Net Debt (155.1m) to EBITDA (14.8m): 10.47 < 3 |
| Current Ratio: 1.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.1m) vs 12m ago 0.39% < -2% |
| Gross Margin: 11.18% > 18% (prev 0.12%; Δ 1.11k% > 0.5%) |
| Asset Turnover: 70.44% > 50% (prev 62.98%; Δ 7.46% > 0%) |
| Interest Coverage Ratio: -13.56 > 6 (EBITDA TTM 14.8m / Interest Expense TTM 77.0k) |
| A: 0.04 (Total Current Assets 62.8m - Total Current Liabilities 43.0m) / Total Assets 461.0m |
| B: -0.09 (Retained Earnings -39.7m / Total Assets 461.0m) |
| C: -0.00 (EBIT TTM -1.04m / Avg Total Assets 435.7m) |
| D: -0.17 (Book Value of Equity -39.6m / Total Liabilities 232.2m) |
| Altman-Z'' = -0.19 = B |
| DSRI: 1.49 (Receivables 6.57m/3.72m, Revenue 306.9m/258.4m) |
| GMI: 1.07 (GM 11.18% / 11.97%) |
| AQI: 1.27 (AQ_t 0.06 / AQ_t-1 0.05) |
| SGI: 1.19 (Revenue 306.9m / 258.4m) |
| TATA: -0.06 (NI -1.93m - CFO 24.1m) / TA 461.0m) |
| Beneish M = -2.32 (Cap -4..+1) = BBB |
As of May 25, 2026, the stock is trading at USD 54.33 with a total of 247,595 shares traded.
Over the past week, the price has changed by +7.57%,
over one month by -4.13%,
over three months by -20.35% and
over the past year by -17.86%.
Kura Sushi USA has received a consensus analysts rating of 4.10. Therefore, it is recommended to buy KRUS.
- StrongBuy: 5
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 79.9 | 47.1% |
P/S = 2.1067
P/B = 3.0421
Revenue TTM = 306.9m USD
EBIT TTM = -1.04m USD
EBITDA TTM = 14.8m USD
Long Term Debt = 187.7m USD (estimated: total debt 203.2m - short term 15.5m)
Short Term Debt = 15.5m USD (from shortTermDebt, last quarter)
Debt = 203.2m USD (from shortLongTermDebtTotal, last quarter) (leases 203.2m already included)
Net Debt = 155.1m USD (calculated: Debt 203.2m - CCE 48.0m)
Enterprise Value = 775.5m USD (620.4m + Debt 203.2m - CCE 48.0m)
Interest Coverage Ratio = -13.56 (Ebit TTM -1.04m / Interest Expense TTM 77.0k)
EV/FCF = 164.4x (Enterprise Value 775.5m / FCF TTM 4.72m)
FCF Yield = 0.61% (FCF TTM 4.72m / Enterprise Value 775.5m)
FCF Margin = 1.54% (FCF TTM 4.72m / Revenue TTM 306.9m)
Net Margin = -0.63% (Net Income TTM -1.93m / Revenue TTM 306.9m)
Gross Margin = 11.18% ((Revenue TTM 306.9m - Cost of Revenue TTM 272.6m) / Revenue TTM)
Gross Margin QoQ = 10.92% (prev 8.17%)
Tobins Q-Ratio = 1.68 (Enterprise Value 775.5m / Total Assets 461.0m)
Interest Expense / Debt = 0.04% (Interest Expense 77.0k / Debt 203.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -825k (EBIT -1.04m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.46 (Total Current Assets 62.8m / Total Current Liabilities 43.0m)
Debt / Equity = 0.89 (Debt 203.2m / totalStockholderEquity, last quarter 228.8m)
Debt / EBITDA = 10.47 (Net Debt 155.1m / EBITDA 14.8m)
Debt / FCF = 32.89 (Net Debt 155.1m / FCF TTM 4.72m)
Total Stockholder Equity = 229.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.44% (Net Income -1.93m / Total Assets 461.0m)
RoE = -0.72% (Net Income TTM -1.93m / Total Stockholder Equity 268.7m)
RoCE = -0.23% (EBIT -1.04m / Capital Employed (Equity 268.7m + L.T.Debt 187.7m))
RoIC = -0.20% (negative operating profit) (NOPAT -825k / Invested Capital 409.4m)
WACC = 7.20% (E(620.4m)/V(823.6m) * Re(9.55%) + D(203.2m)/V(823.6m) * Rd(0.04%) * (1-Tc(0.21)))
Discount Rate = 9.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 82.22 | Cagr: 3.78%
[DCF] Terminal Value 75.44% ; FCFF base≈4.72m ; Y1≈4.74m ; Y5≈5.02m
[DCF] Fair Price = N/A (negative equity: EV 78.0m - Net Debt 155.1m = -77.1m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.60 | # QB: 0
Revenue Correlation: 99.35 | Revenue CAGR: 22.06% | SUE: 2.34 | # QB: 1
EPS current Quarter (2026-05-31): EPS=0.00 | Chg30d=N/A | Revisions=-20% | Analysts=6
EPS current Year (2026-08-31): EPS=-0.12 | Chg30d=+52.70% | Revisions=+20% | GrowthEPS=-491.9% | GrowthRev=+18.1%
EPS next Year (2027-08-31): EPS=0.28 | Chg30d=+16.54% | Revisions=+43% | GrowthEPS=+341.5% | GrowthRev=+20.7%
[Analyst] Revisions Ratio: +43%