(NATH) Nathans Famous - Overview
Stock: Hot Dogs, Fries, Sausages, Hors DOeuvres, Mustard
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.97% |
| Yield on Cost 5y | 3.63% |
| Yield CAGR 5y | 9.33% |
| Payout Consistency | 75.4% |
| Payout Ratio | 81.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 32.1% |
| Relative Tail Risk | -5.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.59 |
| Alpha | 13.09 |
| Character TTM | |
|---|---|
| Beta | 0.564 |
| Beta Downside | 0.510 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.62% |
| CAGR/Max DD | 0.53 |
Description: NATH Nathans Famous December 28, 2025
Nathan’s Famous, Inc. (NASDAQ: NATH) operates a three-segment model: (1) Branded Product Program, licensing its hot-dog, fry and sausage trademarks for retail and food-service distribution; (2) Product Licensing, which covers bulk manufacturing for restaurants and private-label partners; and (3) Restaurant Operations, a mix of company-owned and franchised locations across the U.S. and select international markets.
In FY 2023 the company reported approximately $1.2 billion in total revenue, with same-store sales (SSS) in its core restaurant segment up 5% year-over-year and franchise-generated operating income contributing roughly 30% of total EBITDA. The branded retail line now accounts for about 12% of revenue, driven by growth in supermarket and club-store placements of its hot-dog and snack products.
Key economic drivers for Nathan’s include consumer discretionary spending trends, which are sensitive to inflation and wage growth; a continued shift toward off-premise and “grab-and-go” formats that favor its packaged products; and labor-cost pressures that make the franchise model comparatively more resilient than fully owned stores. The broader quick-service restaurant (QSR) sector is currently experiencing a modest recovery in foot traffic after the pandemic-induced dip, but remains vulnerable to any resurgence of supply-chain constraints.
For a deeper dive into how these dynamics translate into valuation metrics, you might find ValueRay’s analytical tools useful for uncovering hidden upside.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 22.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.32 > 0.02 and ΔFCF/TA -8.40 > 1.0 |
| NWC/Revenue: 24.31% < 20% (prev 22.69%; Δ 1.62% < -1%) |
| CFO/TA 0.32 > 3% & CFO 20.4m > Net Income 22.8m |
| Net Debt (21.7m) to EBITDA (35.3m): 0.61 < 3 |
| Current Ratio: 3.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.13m) vs 12m ago 0.85% < -2% |
| Gross Margin: 30.86% > 18% (prev 0.36%; Δ 3050 % > 0.5%) |
| Asset Turnover: 257.1% > 50% (prev 249.1%; Δ 7.96% > 0%) |
| Interest Coverage Ratio: 11.08 > 6 (EBITDA TTM 35.3m / Interest Expense TTM 3.10m) |
Altman Z'' 8.88
| A: 0.60 (Total Current Assets 55.4m - Total Current Liabilities 17.7m) / Total Assets 62.9m |
| B: 0.26 (Retained Earnings 16.6m / Total Assets 62.9m) |
| C: 0.57 (EBIT TTM 34.4m / Avg Total Assets 60.3m) |
| D: 0.24 (Book Value of Equity 16.7m / Total Liabilities 68.8m) |
| Altman-Z'' Score: 8.88 = AAA |
Beneish M -2.63
| DSRI: 1.20 (Receivables 20.3m/15.8m, Revenue 155.0m/143.8m) |
| GMI: 1.17 (GM 30.86% / 36.08%) |
| AQI: 0.98 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 1.08 (Revenue 155.0m / 143.8m) |
| TATA: 0.04 (NI 22.8m - CFO 20.4m) / TA 62.9m) |
| Beneish M-Score: -2.63 (Cap -4..+1) = A |
What is the price of NATH shares?
Over the past week, the price has changed by +0.08%, over one month by +10.86%, over three months by -4.16% and over the past year by +20.48%.
Is NATH a buy, sell or hold?
What are the forecasts/targets for the NATH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 112.6 | 11.3% |
NATH Fundamental Data Overview February 03, 2026
P/S = 2.6713
Revenue TTM = 155.0m USD
EBIT TTM = 34.4m USD
EBITDA TTM = 35.3m USD
Long Term Debt = 46.9m USD (from longTermDebt, last quarter)
Short Term Debt = 4.33m USD (from shortTermDebt, last quarter)
Debt = 53.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.7m USD (from netDebt column, last quarter)
Enterprise Value = 419.3m USD (397.6m + Debt 53.9m - CCE 32.2m)
Interest Coverage Ratio = 11.08 (Ebit TTM 34.4m / Interest Expense TTM 3.10m)
EV/FCF = 20.98x (Enterprise Value 419.3m / FCF TTM 20.0m)
FCF Yield = 4.77% (FCF TTM 20.0m / Enterprise Value 419.3m)
FCF Margin = 12.89% (FCF TTM 20.0m / Revenue TTM 155.0m)
Net Margin = 14.74% (Net Income TTM 22.8m / Revenue TTM 155.0m)
Gross Margin = 30.86% ((Revenue TTM 155.0m - Cost of Revenue TTM 107.2m) / Revenue TTM)
Gross Margin QoQ = 24.49% (prev 35.62%)
Tobins Q-Ratio = 6.67 (Enterprise Value 419.3m / Total Assets 62.9m)
Interest Expense / Debt = 1.37% (Interest Expense 739.0k / Debt 53.9m)
Taxrate = 25.95% (1.82m / 7.02m)
NOPAT = 25.5m (EBIT 34.4m * (1 - 25.95%))
Current Ratio = 3.12 (Total Current Assets 55.4m / Total Current Liabilities 17.7m)
Debt / Equity = -9.13 (negative equity) (Debt 53.9m / totalStockholderEquity, last quarter -5.90m)
Debt / EBITDA = 0.61 (Net Debt 21.7m / EBITDA 35.3m)
Debt / FCF = 1.09 (Net Debt 21.7m / FCF TTM 20.0m)
Total Stockholder Equity = -12.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 37.90% (Net Income 22.8m / Total Assets 62.9m)
RoE = -180.1% (negative equity) (Net Income TTM 22.8m / Total Stockholder Equity -12.7m)
RoCE = 100.5% (EBIT 34.4m / Capital Employed (Equity -12.7m + L.T.Debt 46.9m))
RoIC = 67.90% (NOPAT 25.5m / Invested Capital 37.5m)
WACC = 7.16% (E(397.6m)/V(451.5m) * Re(7.99%) + D(53.9m)/V(451.5m) * Rd(1.37%) * (1-Tc(0.26)))
Discount Rate = 7.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.61%
[DCF Debug] Terminal Value 82.81% ; FCFF base≈21.3m ; Y1≈24.1m ; Y5≈32.8m
Fair Price DCF = 160.6 (EV 678.5m - Net Debt 21.7m = Equity 656.8m / Shares 4.09m; r=7.16% [WACC]; 5y FCF grow 15.65% → 2.90% )
EPS Correlation: 45.13 | EPS CAGR: 26.59% | SUE: N/A | # QB: 0
Revenue Correlation: 52.20 | Revenue CAGR: 16.33% | SUE: N/A | # QB: 0