A Business at a Glance
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NOBLE ROMANS INC
NROM
$15M
Mkt Cap
$0.67
+8.05%
NOBLE ROMANS INC (NROM) has a 5-year average return on invested capital (ROIC) of 16.3%. This indicates strong capital allocation and a potential competitive advantage.
NOBLE ROMANS INC (NROM) has a market capitalization of $15M. It is classified as a small-cap stock.
NOBLE ROMANS INC (NROM) does not currently pay a regular dividend.
NOBLE ROMANS INC (NROM) operates in the Retail-Eating Places industry, within the Consumer Cyclical sector.
NOBLE ROMANS INC (NROM) reported annual revenue of $15 million in its most recent fiscal year, based on SEC EDGAR filings.
NOBLE ROMANS INC (NROM) has a net profit margin of -0.0%. The company is currently unprofitable.
NOBLE ROMANS INC (NROM) generated $897 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
General Information Noble Roman’s, Inc., an Indiana corporation incorporated in 1972, sells and services franchises and licenses and operates Company-owned stand-alone restaurants and non-traditional foodservice operations under the trade names “Noble Roman’s Craft Pizza & Pub,” “Noble Roman’s Pizza,” “Noble Roman’s Take-N-Bake,” and “Tuscano’s Italian Style Subs.” References in this report to the “Company” are to Noble Roman’s, Inc. and its two wholly-owned subsidiaries, RH Roanoke, Inc. and Pizzaco, Inc., unless the context requires otherwise. RH Roanoke, Inc. operates a Company-owned non-traditional location. Pizzaco, Inc. currently is dormant. The Company has been operating, franchising and licensing Noble Roman’s Pizza operations in a variety of stand-alone and non-traditional locations across the country since 1972. The Company is currently experiencing significant growth in the number of non-traditional franchised locations.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 16M | 15M | 14M | 14M | 14M | 12M |
| Net Income | 974K | -3K | 1.5M | -1.3M | 509K | -5.4M |
| EPS | $0.04 | $-0.00 | $0.07 | $-0.06 | $0.02 | $-0.24 |
| Free Cash Flow | 0 | 897K | 1.6M | -478K | 69K | -409K |
| ROIC | 21.9% | 9.7% | 24.8% | 3.4% | 22.9% | 20.9% |
| Gross Margin | - | 41.3% | 49.5% | - | - | 54.9% |
| Debt/Equity | 1.91 | 6.94 | 7.98 | 20.97 | 2.95 | 3.41 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 2.3M | 1.5M | 3.4M | 428K | 1.7M | 2.3M |
| Operating Margin | 14.7% | 9.7% | 23.9% | 3.0% | 12.6% | 20.1% |
| ROE | 28.8% | -0.1% | 100.7% | -72.9% | 19.4% | -105.6% |
| Shares Outstanding | 22M | 22M | 21M | 22M | 25M | 22M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 7.5M | 7.9M | 7.7M | 7.8M | 9.8M | 12M | 12M | 12M | 14M | 14M | 14M | 15M | 16M |
| Gross Margin | N/A | N/A | N/A | N/A | 64.3% | 43.6% | 47.1% | 54.9% | N/A | N/A | 49.5% | 41.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.6M | 1.6M | 1.7M | 1.6M | 1.7M | 1.7M | 1.7M | 1.7M | 1.8M | 2.2M | 1.5M | 2.6M | 2.2M |
| EBIT | 2.8M | 3.0M | 2.9M | 3.1M | 2.9M | 2.7M | 2.6M | 2.3M | 1.7M | 428K | 3.4M | 1.5M | 2.3M |
| Op. Margin | 37.9% | 38.4% | 38.0% | 39.3% | 29.9% | 21.3% | 22.3% | 20.1% | 12.6% | 3.0% | 23.9% | 9.7% | 14.7% |
| Net Income | 91K | 1.6M | 786K | -871K | -3.4M | -3.1M | -378K | -5.4M | 509K | -1.3M | 1.5M | -3K | 974K |
| Net Margin | 1.2% | 20.1% | 10.2% | -11.1% | -34.4% | -24.6% | -3.2% | -46.7% | 3.7% | -9.1% | 10.2% | -0.0% | 6.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 13.1% | 14.1% | 12.8% | 13.0% | 14.0% | 21.2% | 11.5% | 20.9% | 22.9% | 3.4% | 24.8% | 9.7% | 21.9% |
| ROE | 0.8% | 12.5% | 5.5% | -6.0% | -27.4% | -32.6% | -4.7% | -105.6% | 19.4% | -72.9% | 100.7% | -0.1% | 28.8% |
| ROA | 0.5% | 9.3% | 4.3% | -4.5% | -17.5% | -17.7% | -2.2% | -28.7% | 2.7% | -7.0% | 7.9% | -0.0% | 6.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.7M | 670K | 436K | -1.5M | 293K | 1.5M | 1.5M | 1.7M | 1.5M | 30K | 1.6M | 897K | 1.3M |
| Free Cash Flow | 1.7M | 648K | 422K | -1.9M | -1.1M | 320K | 1.2M | -409K | 69K | -478K | 1.6M | 897K | 0 |
| Owner Earnings | 1.6M | 544K | 303K | -1.7M | 37K | 1.0M | 1.1M | 1.3M | -876K | -449K | 1.2M | 370K | -5.9M |
| CapEx | 12K | 22K | 14K | 364K | 1.4M | 1.2M | 289K | 2.1M | 1.4M | 508K | 14K | 0 | 0 |
| Maint. CapEx | 114K | 112K | 106K | 125K | 241K | 440K | 383K | 382K | 2.4M | 451K | 380K | 500K | 7.2M |
| Growth CapEx | 0 | 0 | 0 | 239K | 1.1M | 721K | 0 | 1.7M | 0 | 57K | 0 | N/A | 0 |
| D&A | 114K | 112K | 106K | 125K | 241K | 440K | 383K | 382K | 2.4M | 451K | 380K | 500K | 7.2M |
| CapEx/OCF | 0.7% | 3.3% | 3.2% | N/A | 468.5% | 78.4% | 19.2% | 124.4% | 95.4% | 1715.7% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 99K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 0.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 13K | 14K | 27K | 14K | 15K | 17K | 19K | 22K | 28K | 28K | 20K | 28K | 28K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3M | 0 | 0 | 1.4M | 887K | 887K |
| Balance Sheet | |||||||||||||
| Net Debt | 1.1M | -200K | -194K | 548K | 81K | 6.2M | 5.2M | 6.8M | 7.3M | 14M | 17M | 15M | 5.8M |
| Cash & Equiv. | 158K | 200K | 194K | 478K | 461K | 76K | 218K | 1.2M | 1.3M | 786K | 872K | 794K | 720K |
| Long-Term Debt | 1.2M | 0 | 0 | 747K | 87K | 1.5M | 1.5M | 574K | 597K | 623K | 5.2M | 4.4M | 792K |
| Debt/Equity | 0.10 | 0.00 | 0.00 | 0.07 | 0.05 | 0.77 | 0.69 | 3.41 | 2.95 | 20.97 | 7.98 | 6.94 | 1.91 |
| Interest Coverage | 14.1 | 16.0 | 15.8 | 137.6 | 2.0 | 4.1 | 3.4 | 1.2 | 1.3 | 0.2 | 2.0 | 0.9 | 1.5 |
| Equity | 12M | 14M | 15M | 14M | 11M | 8.1M | 7.8M | 2.4M | 2.9M | 710K | 2.2M | 2.2M | 3.4M |
| Total Assets | 16M | 18M | 18M | 20M | 19M | 16M | 19M | 18M | 19M | 18M | 18M | 17M | 16M |
| Total Liabilities | 4.7M | 4.0M | 3.6M | 5.9M | 1.4M | 7.5M | 11M | 16M | 16M | 18M | 16M | 15M | 13M |
| Intangibles | N/A | N/A | N/A | 278K | 278K | 278K | 278K | 278K | 278K | 278K | 278K | 278K | 278K |
| Retained Earnings | -12M | -10M | -9.4M | -10M | -14M | -17M | -17M | -22M | -22M | -24M | -23M | -23M | -22M |
| Working Capital | 1.5M | 2.3M | 2.8M | 2.4M | 2.3M | 1.9M | 926K | 2.1M | 2.0M | -470K | 209K | -330K | -5.0M |
| Current Assets | 3.5M | 4.4M | 4.3M | 4.6M | 3.7M | 3.3M | 2.9M | 3.4M | 3.6M | 3.0M | 3.8M | 3.0M | 3.3M |
| Current Liabilities | 2.0M | 2.1M | 1.4M | 2.1M | 1.4M | 1.4M | 1.9M | 1.3M | 1.6M | 3.5M | 3.6M | 3.3M | 8.2M |
| Per Share Data | |||||||||||||
| EPS | 0.00 | 0.07 | 0.04 | -0.04 | -0.16 | -0.14 | -0.02 | -0.24 | 0.02 | -0.06 | 0.07 | -0.00 | 0.04 |
| Owner EPS | 0.08 | 0.02 | 0.02 | -0.08 | 0.00 | 0.05 | 0.06 | 0.06 | -0.03 | -0.02 | 0.06 | 0.02 | -0.26 |
| Book Value | 0.60 | 0.61 | 0.76 | 0.64 | 0.50 | 0.37 | 0.41 | 0.11 | 0.11 | 0.03 | 0.11 | 0.10 | 0.15 |
| Cash Flow/Share | 0.09 | 0.03 | 0.02 | -0.07 | 0.01 | 0.07 | 0.08 | 0.07 | 0.06 | 0.00 | 0.08 | 0.04 | 0.37 |
| Dividends/Share | 0.01 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 19.6M | 22.7M | 19.6M | 21.8M | 21.2M | 21.9M | 18.9M | 22.4M | 25.5M | 21.9M | 20.9M | 22.2M | 22.2M |
| Valuation | |||||||||||||
| P/E Ratio | 195.0 | 30.0 | 26.0 | N/A | N/A | N/A | N/A | N/A | 23.5 | N/A | 4.7 | N/A | 15.3 |
| P/FCF | 22.3 | 73.7 | 48.4 | N/A | N/A | 26.0 | 7.6 | N/A | 173.1 | N/A | 4.4 | 6.9 | N/A |
| EV/EBIT | N/A | 16.2 | 7.3 | 2.8 | 4.3 | 3.7 | 3.5 | 6.7 | 10.7 | 10.9 | 2.2 | 4.6 | 9.0 |
| Price/Book | 3.3 | 3.5 | 1.4 | 0.6 | 1.1 | 1.0 | 1.2 | 3.9 | 4.1 | N/A | 3.1 | 2.8 | 4.4 |
| Price/Sales | 3.3 | 4.8 | 4.7 | 1.8 | 1.2 | 1.1 | 0.8 | 0.7 | 1.0 | 0.4 | 0.4 | 0.5 | 0.9 |
| FCF Yield | 4.4% | 1.4% | 2.1% | -22.3% | -9.0% | 3.8% | 13.2% | -4.4% | 0.6% | -9.9% | 22.6% | 14.4% | N/A |
| Market Cap | 39M | 48M | 20M | 8.5M | 12M | 8.3M | 9.3M | 9.2M | 12M | 4.8M | 6.9M | 6.2M | 15M |
| Avg. Price | 1.23 | 1.68 | 1.85 | 0.64 | 0.54 | 0.64 | 0.51 | 0.39 | 0.53 | 0.27 | 0.29 | 0.36 | 0.67 |
| Year-End Price | 1.95 | 2.10 | 1.04 | 0.39 | 0.57 | 0.38 | 0.49 | 0.41 | 0.47 | 0.22 | 0.33 | 0.28 | 0.67 |
NOBLE ROMANS INC passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 16.6x vs a median of 7.6x. The company's 5-year average ROIC is 16.3% with a gross margin of 48.5%. At current prices, the estimated annualized return to fair value is +10.4%.
NOBLE ROMANS INC (NROM) has a debt-to-equity ratio of 6.94. This indicates higher leverage, which may increase financial risk.
NOBLE ROMANS INC (NROM) reported earnings per share (EPS) of $-0.00 in its most recent fiscal year.
NOBLE ROMANS INC (NROM) has a return on equity (ROE) of -0.1%. A negative ROE may indicate losses or negative equity.
NOBLE ROMANS INC (NROM) has a 5-year average gross margin of 48.5%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for NOBLE ROMANS INC (NROM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NOBLE ROMANS INC (NROM) has a book value per share of $0.10, based on its most recent annual SEC filing.
No recent press releases.