A Business at a Glance
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Shake Shack Inc.
SHAK
$2.4B
Mkt Cap
$57.10
+1.98%
Shake Shack Inc. (SHAK) has a current P/E ratio of 52.4, compared to its historical median P/E of 80.3. The stock is currently considered Cheap based on its historical valuation range.
Shake Shack Inc. (SHAK) has a 5-year average return on invested capital (ROIC) of 1.2%. This is below average and may indicate limited pricing power.
Shake Shack Inc. (SHAK) has a market capitalization of $2.3B. It is classified as a mid-cap stock.
Shake Shack Inc. (SHAK) does not currently pay a regular dividend.
Based on historical P/E analysis, Shake Shack Inc. (SHAK) appears cheap. The current P/E of 52.4 is 35% below its historical median of 80.3. The estimated fair value CAGR (P/E method) is 1.3%.
Shake Shack Inc. (SHAK) operates in the Retail-Eating & Drinking Places industry, within the Consumer Cyclical sector.
Shake Shack Inc. (SHAK) reported annual revenue of $1.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Shake Shack Inc. was formed on September 23, 2014 as a Delaware corporation for the purpose of facilitating an initial public offering and other related transactions in order to carry on the business of SSE Holdings, LLC and its subsidiaries ("SSE Holdings"). Shake Shack Inc. is the sole managing member of SSE Holdings and, as sole managing member, it operates and controls all of the business and affairs of SSE Holdings. As a result, Shake Shack Inc. consolidates the financial results of SSE Holdings and reports a non-controlling interest representing the economic interest in SSE Holdings held by the other members of SSE Holdings. Shake Shack Inc. Class A common stock trades on the New York Stock Exchange under the symbol "SHAK." Unless the context otherwise requires, "we," "us," "our," "Shake Shack," the "Company" and other similar references refer to Shake Shack Inc. and, unless otherwise stated, all of its subsidiaries, including SSE Holdings.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.5B | 1.4B | 1.3B | 1.1B | 900M | 740M |
| Net Income | 41M | 46M | 10M | 20M | -21M | -4.6M |
| EPS | $0.98 | $1.09 | $0.24 | $0.48 | $-0.54 | $-0.12 |
| Free Cash Flow | 16M | 57M | 36M | -14M | -66M | -43M |
| ROIC | 8.0% | 5.9% | 1.5% | 3.0% | -3.2% | -0.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.48 | 1.70 | 1.70 | 1.72 | 1.74 | 1.67 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 57M | 63M | 3.0M | 5.9M | -27M | -16M |
| Operating Margin | 3.8% | 4.3% | 0.2% | 0.5% | -3.0% | -2.1% |
| ROE | 7.8% | 9.2% | 2.2% | 4.7% | -5.2% | -1.1% |
| Shares Outstanding | 40M | 42M | 43M | 42M | 39M | 38M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 119M | 191M | 268M | 359M | 459M | 595M | 523M | 740M | 900M | 1.1B | 1.3B | 1.4B | 1.5B |
| Gross Margin | 75.3% | 76.5% | 75.6% | 74.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 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 | 18M | 38M | 31M | 39M | 53M | 66M | 64M | 87M | 120M | 130M | 149M | 176M | 189M |
| EBIT | 3.1M | 6.8M | 28M | 34M | 32M | 26M | -44M | -16M | -27M | 5.9M | 3.0M | 63M | 57M |
| Op. Margin | 2.7% | 3.5% | 10.4% | 9.4% | 6.9% | 4.3% | -8.4% | -2.1% | -3.0% | 0.5% | 0.2% | 4.3% | 3.8% |
| Net Income | 2.1M | -8.8M | 12M | -320K | 15M | 20M | -42M | -4.6M | -21M | 20M | 10M | 46M | 41M |
| Net Margin | 1.8% | -4.6% | 4.6% | -0.1% | 3.3% | 3.3% | -8.1% | -0.6% | -2.4% | 1.9% | 0.8% | 3.2% | 2.8% |
| Non-Recurring | -105K | -17K | -34K | -608K | -917K | -1.4M | -2.5M | -1.6M | -2.3M | -3.0M | -32M | -5.2M | -5.2M |
| Returns on Capital | |||||||||||||
| ROIC | 6.2% | 11.2% | 39.9% | 24.8% | 15.7% | 10.4% | -11.9% | -0.9% | -3.2% | 3.0% | 1.5% | 5.9% | 8.0% |
| ROE | 8.5% | -15.5% | 9.8% | -0.2% | 7.7% | 7.6% | -11.9% | -1.1% | -5.2% | 4.7% | 2.2% | 9.2% | 7.8% |
| ROA | 5.0% | -3.8% | 2.7% | -0.1% | 2.8% | 2.5% | -4.0% | -0.3% | -1.4% | 1.3% | 0.6% | 2.5% | 2.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 14M | 41M | 54M | 71M | 85M | 90M | 37M | 58M | 77M | 132M | 171M | 222M | 200M |
| Free Cash Flow | -15M | 9.1M | -148K | 9.3M | -2.1M | -17M | -32M | -43M | -66M | -14M | 36M | 57M | 16M |
| Owner Earnings | 76K | 1.1M | 12M | 7.0M | -6.2M | 42M | -17M | -9.3M | -9.4M | 26M | 53M | 96M | 70M |
| CapEx | 29M | 32M | 54M | 62M | 88M | 107M | 69M | 101M | 143M | 146M | 135M | 166M | 184M |
| Maint. CapEx | 13M | 24M | 37M | 58M | 85M | 40M | 49M | 59M | 73M | 91M | 102M | 107M | 109M |
| Growth CapEx | 15M | 8.6M | 17M | 3.3M | 2.1M | 66M | 20M | 43M | 70M | 55M | 33M | 59M | 75M |
| D&A | 13M | 24M | 37M | 58M | 85M | 40M | 49M | 59M | 73M | 91M | 102M | 107M | 109M |
| CapEx/OCF | N/A | 77.8% | 100.3% | 86.8% | 102.5% | 118.5% | 184.8% | 173.8% | 185.8% | 110.6% | 79.2% | 74.6% | 92.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend 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 | 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 | 165K | 17M | 5.4M | 5.6M | 6.1M | 7.5M | 5.6M | 8.7M | 13M | 15M | 16M | 20M | 20M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 30M | -71M | -74M | N/A | -87M | -68M | -182M | 299M | 405M | 469M | 480M | 532M | -59M |
| Cash & Equiv. | 2.7M | 71M | 12M | 22M | 25M | 37M | 147M | 302M | 231M | 225M | 321M | 360M | 314M |
| Long-Term Debt | 313K | 313K | 0 | N/A | 0 | 3.6M | 0 | 244M | 245M | 246M | 247M | 248M | 248M |
| Debt/Equity | 2.56 | 0.00 | 0.00 | 1.45 | 0.00 | 0.02 | 0.00 | 1.67 | 1.74 | 1.72 | 1.70 | 1.70 | 0.48 |
| Interest Coverage | 8.6 | 20.3 | 74.3 | 20.6 | 13.1 | 59.2 | -53.8 | -10.1 | -17.7 | 3.4 | 1.5 | 29.0 | 26.6 |
| Equity | 13M | 101M | 152M | 169M | 226M | 299M | 407M | 410M | 412M | 443M | 470M | 525M | 526M |
| Total Assets | 83M | 380M | 538M | 471M | 611M | 968M | 1.1B | 1.5B | 1.5B | 1.6B | 1.7B | 1.9B | 1.9B |
| Total Liabilities | 70M | 223M | 337M | 246M | 337M | 646M | 711M | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B |
| Intangibles | 701K | 701K | 701K | 894K | 1.2M | 1.4M | 1.4M | 1.5M | 1.8M | 1.9M | 2.0M | 2.0M | 2.0M |
| Retained Earnings | N/A | 4.3M | 17M | 16M | 30M | 54M | 12M | 18M | -3.5M | 17M | 27M | 73M | 72M |
| Working Capital | -40M | 55M | 52M | 59M | 41M | -12M | 93M | 288M | 196M | 170M | 181M | 185M | 161M |
| Current Assets | 7.9M | 79M | 84M | 93M | 101M | 88M | 203M | 410M | 344M | 334M | 368M | 430M | 394M |
| Current Liabilities | 48M | 24M | 32M | 34M | 60M | 99M | 110M | 121M | 148M | 164M | 187M | 245M | 233M |
| Per Share Data | |||||||||||||
| EPS | 0.07 | -0.65 | 0.53 | -0.01 | 0.52 | 0.61 | -1.14 | -0.12 | -0.54 | 0.48 | 0.24 | 1.09 | 0.98 |
| Owner EPS | 0.00 | 0.08 | 0.50 | 0.22 | -0.21 | 1.29 | -0.46 | -0.24 | -0.24 | 0.62 | 1.24 | 2.29 | 1.75 |
| Book Value | 0.42 | 7.45 | 6.48 | 5.30 | 7.74 | 9.19 | 11.01 | 10.77 | 10.49 | 10.50 | 11.05 | 12.52 | 13.05 |
| Cash Flow/Share | 0.45 | 3.06 | 2.31 | 2.21 | 2.93 | 2.76 | 1.01 | 1.54 | 1.95 | 3.13 | 4.02 | 5.30 | 3.73 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 30.3M | 13.5M | 23.5M | 32.0M | 29.2M | 32.5M | 37.0M | 38.0M | 39.3M | 42.2M | 42.5M | 41.9M | 40.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 69.5 | N/A | 83.7 | 99.2 | N/A | N/A | N/A | 157.3 | 552.3 | 76.8 | 58.0 |
| P/FCF | N/A | 58.9 | N/A | 152.4 | N/A | N/A | N/A | N/A | N/A | N/A | 158.1 | 62.2 | 144.4 |
| EV/EBIT | N/A | 69.2 | 28.5 | N/A | N/A | 73.9 | N/A | N/A | N/A | 530.2 | N/A | 48.7 | 39.3 |
| Price/Book | N/A | 5.3 | 5.7 | N/A | N/A | 6.6 | 7.8 | 6.6 | 4.1 | 7.2 | 12.0 | 6.7 | 4.4 |
| Price/Sales | N/A | 3.8 | 3.2 | 3.2 | 3.3 | 3.7 | 4.3 | 4.9 | 2.4 | 2.4 | 3.4 | 3.1 | 1.5 |
| FCF Yield | N/A | 1.7% | -0.0% | 0.7% | -0.2% | -0.8% | -1.0% | -1.6% | -3.9% | -0.4% | 0.6% | 1.6% | 0.7% |
| Market Cap | N/A | 538M | 865M | 1.4B | 1.3B | 2.0B | 3.2B | 2.7B | 1.7B | 3.2B | 5.6B | 3.5B | 2.3B |
| Avg. Price | N/A | 53.75 | 36.17 | 35.44 | 52.38 | 68.40 | 61.10 | 95.48 | 54.45 | 62.69 | 100.83 | 105.53 | 57.10 |
| Year-End Price | N/A | 39.85 | 36.83 | 44.50 | 43.51 | 60.52 | 86.13 | 71.58 | 42.55 | 75.49 | 132.55 | 83.76 | 57.10 |
Shake Shack Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Shake Shack Inc. trades at 52.4x trailing earnings, compared to its 15-year median P/E of 80.3x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 40.7x vs a median of 62.2x. The company's 5-year average ROIC is 1.2%. At current prices, the estimated annualized return to fair value is +52.0%.
Shake Shack Inc. (SHAK) has a net profit margin of 3.2%. This is a modest margin.
Shake Shack Inc. (SHAK) generated $57 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Shake Shack Inc. (SHAK) has a debt-to-equity ratio of 1.70. This indicates higher leverage, which may increase financial risk.
Shake Shack Inc. (SHAK) reported earnings per share (EPS) of $1.09 in its most recent fiscal year.
Shake Shack Inc. (SHAK) has a return on equity (ROE) of 9.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 13 years of financial data for Shake Shack Inc. (SHAK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Shake Shack Inc. (SHAK) has a book value per share of $12.52, based on its most recent annual SEC filing.