Intrinsic value of Cheesecake Factory - CAKE

Previous Close

$50.01

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$50.01

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CAKE stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.33
  8.30
  7.97
  7.67
  7.41
  7.17
  6.95
  6.75
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.75
  5.68
  5.61
  5.55
  5.50
  5.45
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.16
Revenue, $m
  2,276
  2,465
  2,661
  2,866
  3,078
  3,298
  3,527
  3,766
  4,013
  4,271
  4,539
  4,819
  5,109
  5,412
  5,728
  6,058
  6,402
  6,761
  7,137
  7,529
  7,939
  8,368
  8,816
  9,286
  9,777
  10,292
  10,831
  11,395
  11,987
  12,607
  13,257
Variable operating expenses, $m
 
  1,972
  2,129
  2,292
  2,462
  2,639
  2,822
  3,013
  3,211
  3,417
  3,631
  3,855
  4,087
  4,330
  4,583
  4,846
  5,122
  5,409
  5,709
  6,023
  6,351
  6,694
  7,053
  7,429
  7,822
  8,233
  8,665
  9,116
  9,590
  10,086
  10,606
Fixed operating expenses, $m
 
  267
  273
  280
  287
  294
  302
  309
  317
  325
  333
  341
  350
  358
  367
  377
  386
  396
  406
  416
  426
  437
  448
  459
  470
  482
  494
  506
  519
  532
  545
Total operating expenses, $m
  2,075
  2,239
  2,402
  2,572
  2,749
  2,933
  3,124
  3,322
  3,528
  3,742
  3,964
  4,196
  4,437
  4,688
  4,950
  5,223
  5,508
  5,805
  6,115
  6,439
  6,777
  7,131
  7,501
  7,888
  8,292
  8,715
  9,159
  9,622
  10,109
  10,618
  11,151
Operating income, $m
  201
  226
  259
  293
  329
  365
  404
  444
  486
  530
  575
  623
  672
  724
  778
  835
  894
  957
  1,022
  1,090
  1,162
  1,237
  1,316
  1,398
  1,485
  1,576
  1,672
  1,773
  1,878
  1,989
  2,106
EBITDA, $m
  289
  319
  359
  401
  444
  489
  537
  586
  637
  690
  746
  804
  864
  927
  994
  1,063
  1,135
  1,211
  1,290
  1,373
  1,460
  1,551
  1,647
  1,747
  1,853
  1,963
  2,079
  2,201
  2,329
  2,463
  2,604
Interest expense (income), $m
  6
  0
  2
  4
  6
  8
  10
  12
  15
  17
  20
  22
  25
  28
  31
  34
  38
  41
  44
  48
  52
  56
  60
  65
  69
  74
  79
  85
  90
  96
  102
Earnings before tax, $m
  192
  226
  257
  289
  323
  358
  394
  432
  471
  512
  555
  600
  647
  696
  747
  801
  857
  916
  977
  1,042
  1,110
  1,181
  1,255
  1,334
  1,416
  1,502
  1,593
  1,688
  1,788
  1,893
  2,004
Tax expense, $m
  53
  61
  69
  78
  87
  97
  106
  117
  127
  138
  150
  162
  175
  188
  202
  216
  231
  247
  264
  281
  300
  319
  339
  360
  382
  406
  430
  456
  483
  511
  541
Net income, $m
  139
  165
  188
  211
  236
  261
  287
  315
  344
  374
  405
  438
  472
  508
  545
  585
  626
  668
  713
  761
  810
  862
  916
  973
  1,033
  1,096
  1,163
  1,232
  1,305
  1,382
  1,463

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  54
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,293
  1,288
  1,390
  1,497
  1,608
  1,723
  1,843
  1,967
  2,097
  2,232
  2,372
  2,518
  2,669
  2,828
  2,993
  3,165
  3,345
  3,533
  3,729
  3,934
  4,148
  4,372
  4,606
  4,851
  5,108
  5,377
  5,659
  5,954
  6,263
  6,587
  6,926
Adjusted assets (=assets-cash), $m
  1,239
  1,288
  1,390
  1,497
  1,608
  1,723
  1,843
  1,967
  2,097
  2,232
  2,372
  2,518
  2,669
  2,828
  2,993
  3,165
  3,345
  3,533
  3,729
  3,934
  4,148
  4,372
  4,606
  4,851
  5,108
  5,377
  5,659
  5,954
  6,263
  6,587
  6,926
Revenue / Adjusted assets
  1.837
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.915
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
  1.914
Average production assets, $m
  924
  954
  1,030
  1,109
  1,191
  1,276
  1,365
  1,457
  1,553
  1,653
  1,757
  1,865
  1,977
  2,095
  2,217
  2,344
  2,478
  2,617
  2,762
  2,914
  3,072
  3,238
  3,412
  3,594
  3,784
  3,983
  4,192
  4,410
  4,639
  4,879
  5,130
Working capital, $m
  -156
  -182
  -197
  -212
  -228
  -244
  -261
  -279
  -297
  -316
  -336
  -357
  -378
  -401
  -424
  -448
  -474
  -500
  -528
  -557
  -587
  -619
  -652
  -687
  -724
  -762
  -801
  -843
  -887
  -933
  -981
Total debt, $m
  0
  54
  110
  167
  228
  290
  355
  422
  493
  565
  641
  720
  803
  889
  978
  1,072
  1,169
  1,271
  1,377
  1,488
  1,604
  1,726
  1,853
  1,986
  2,125
  2,270
  2,423
  2,583
  2,750
  2,926
  3,110
Total liabilities, $m
  690
  698
  754
  811
  872
  934
  999
  1,066
  1,137
  1,209
  1,285
  1,364
  1,447
  1,533
  1,622
  1,716
  1,813
  1,915
  2,021
  2,132
  2,248
  2,370
  2,497
  2,630
  2,769
  2,914
  3,067
  3,227
  3,394
  3,570
  3,754
Total equity, $m
  603
  590
  637
  686
  736
  789
  844
  901
  960
  1,022
  1,086
  1,153
  1,223
  1,295
  1,371
  1,450
  1,532
  1,618
  1,708
  1,802
  1,900
  2,002
  2,110
  2,222
  2,340
  2,463
  2,592
  2,727
  2,868
  3,017
  3,172
Total liabilities and equity, $m
  1,293
  1,288
  1,391
  1,497
  1,608
  1,723
  1,843
  1,967
  2,097
  2,231
  2,371
  2,517
  2,670
  2,828
  2,993
  3,166
  3,345
  3,533
  3,729
  3,934
  4,148
  4,372
  4,607
  4,852
  5,109
  5,377
  5,659
  5,954
  6,262
  6,587
  6,926
Debt-to-equity ratio
  0.000
  0.090
  0.170
  0.240
  0.310
  0.370
  0.420
  0.470
  0.510
  0.550
  0.590
  0.620
  0.660
  0.690
  0.710
  0.740
  0.760
  0.790
  0.810
  0.830
  0.840
  0.860
  0.880
  0.890
  0.910
  0.920
  0.930
  0.950
  0.960
  0.970
  0.980
Adjusted equity ratio
  0.443
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458
  0.458

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  139
  165
  188
  211
  236
  261
  287
  315
  344
  374
  405
  438
  472
  508
  545
  585
  626
  668
  713
  761
  810
  862
  916
  973
  1,033
  1,096
  1,163
  1,232
  1,305
  1,382
  1,463
Depreciation, amort., depletion, $m
  88
  93
  100
  108
  116
  124
  133
  141
  151
  160
  171
  181
  192
  203
  215
  228
  241
  254
  268
  283
  298
  314
  331
  349
  367
  387
  407
  428
  450
  474
  498
Funds from operations, $m
  354
  258
  288
  319
  351
  385
  420
  457
  495
  534
  576
  619
  664
  711
  761
  812
  866
  923
  982
  1,043
  1,108
  1,176
  1,248
  1,322
  1,401
  1,483
  1,570
  1,660
  1,756
  1,856
  1,961
Change in working capital, $m
  51
  -14
  -15
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -22
  -22
  -23
  -24
  -25
  -27
  -28
  -29
  -30
  -32
  -33
  -35
  -36
  -38
  -40
  -42
  -44
  -46
  -48
Cash from operations, $m
  303
  304
  302
  334
  367
  401
  437
  474
  513
  554
  596
  640
  686
  734
  784
  837
  892
  949
  1,009
  1,073
  1,139
  1,208
  1,281
  1,357
  1,437
  1,521
  1,609
  1,702
  1,799
  1,902
  2,009
Maintenance CAPEX, $m
  0
  -86
  -93
  -100
  -108
  -116
  -124
  -133
  -141
  -151
  -160
  -171
  -181
  -192
  -203
  -215
  -228
  -241
  -254
  -268
  -283
  -298
  -314
  -331
  -349
  -367
  -387
  -407
  -428
  -450
  -474
New CAPEX, $m
  -117
  -72
  -76
  -79
  -82
  -85
  -89
  -92
  -96
  -100
  -104
  -108
  -113
  -117
  -122
  -128
  -133
  -139
  -145
  -152
  -159
  -166
  -174
  -182
  -190
  -199
  -209
  -219
  -229
  -240
  -252
Cash from investing activities, $m
  -159
  -158
  -169
  -179
  -190
  -201
  -213
  -225
  -237
  -251
  -264
  -279
  -294
  -309
  -325
  -343
  -361
  -380
  -399
  -420
  -442
  -464
  -488
  -513
  -539
  -566
  -596
  -626
  -657
  -690
  -726
Free cash flow, $m
  144
  146
  134
  155
  177
  200
  224
  249
  276
  303
  331
  361
  392
  425
  458
  494
  531
  570
  610
  653
  697
  744
  793
  844
  898
  955
  1,014
  1,077
  1,142
  1,211
  1,284
Issuance/(repayment) of debt, $m
  0
  54
  56
  58
  60
  62
  65
  67
  70
  73
  76
  79
  82
  86
  89
  93
  97
  102
  106
  111
  116
  121
  127
  133
  139
  146
  153
  160
  168
  176
  184
Issuance/(repurchase) of shares, $m
  -118
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -91
  54
  56
  58
  60
  62
  65
  67
  70
  73
  76
  79
  82
  86
  89
  93
  97
  102
  106
  111
  116
  121
  127
  133
  139
  146
  153
  160
  168
  176
  184
Total cash flow (excl. dividends), $m
  52
  200
  189
  213
  237
  263
  289
  317
  346
  376
  407
  440
  475
  510
  548
  587
  628
  671
  716
  764
  813
  865
  920
  977
  1,037
  1,100
  1,167
  1,237
  1,310
  1,387
  1,468
Retained Cash Flow (-), $m
  -14
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -59
  -62
  -64
  -67
  -70
  -73
  -76
  -79
  -82
  -86
  -90
  -94
  -98
  -103
  -107
  -112
  -118
  -123
  -129
  -135
  -142
  -148
  -156
Prev. year cash balance distribution, $m
 
  44
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  200
  142
  164
  186
  210
  234
  260
  287
  314
  343
  373
  405
  438
  472
  508
  546
  585
  627
  670
  715
  763
  812
  865
  920
  977
  1,038
  1,101
  1,168
  1,238
  1,312
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  191
  130
  143
  154
  163
  170
  176
  179
  181
  180
  177
  173
  166
  159
  149
  139
  127
  115
  103
  91
  79
  67
  57
  47
  38
  30
  24
  18
  14
  10
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

The Cheesecake Factory Incorporated operates full-service and casual dining restaurants primarily in the United States. As of December 12, 2016, it owned and operated 208 casual dining restaurants throughout the United States and Puerto Rico, including 194 restaurants under The Cheesecake Factory mark; 13 restaurants under the Grand Lux Cafe mark; and 1 restaurant under the RockSugar Pan Asian Kitchen mark, as well as operated 15 The Cheesecake Factory branded restaurants under licensing agreements. The company also produces cheesecakes and other baked products for foodservice operators, retailers, and distributors. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas Hills, California.

FINANCIAL RATIOS  of  Cheesecake Factory (CAKE)

Valuation Ratios
P/E Ratio 17.2
Price to Sales 1
Price to Book 4
Price to Tangible Book
Price to Cash Flow 7.9
Price to Free Cash Flow 12.8
Growth Rates
Sales Growth Rate 8.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -25%
Cap. Spend. - 3 Yr. Gr. Rate 1.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 33
Management Effectiveness
Return On Assets 11.3%
Ret/ On Assets - 3 Yr. Avg. 10.2%
Return On Total Capital 23.3%
Ret/ On T. Cap. - 3 Yr. Avg. 20.5%
Return On Equity 23.3%
Return On Equity - 3 Yr. Avg. 20.5%
Asset Turnover 1.8
Profitability Ratios
Gross Margin 76.8%
Gross Margin - 3 Yr. Avg. 76%
EBITDA Margin 12.6%
EBITDA Margin - 3 Yr. Avg. 12%
Operating Margin 8.8%
Oper. Margin - 3 Yr. Avg. 8%
Pre-Tax Margin 8.4%
Pre-Tax Margin - 3 Yr. Avg. 7.7%
Net Profit Margin 6.1%
Net Profit Margin - 3 Yr. Avg. 5.6%
Effective Tax Rate 27.6%
Eff/ Tax Rate - 3 Yr. Avg. 27.1%
Payout Ratio 30.2%

CAKE stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CAKE stock intrinsic value calculation we used $2276 million for the last fiscal year's total revenue generated by Cheesecake Factory. The default revenue input number comes from 2017 income statement of Cheesecake Factory. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CAKE stock valuation model: a) initial revenue growth rate of 8.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for CAKE is calculated based on our internal credit rating of Cheesecake Factory, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Cheesecake Factory.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CAKE stock the variable cost ratio is equal to 80%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $260 million in the base year in the intrinsic value calculation for CAKE stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Cheesecake Factory.

Corporate tax rate of 27% is the nominal tax rate for Cheesecake Factory. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CAKE stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CAKE are equal to 38.7%.

Life of production assets of 10.3 years is the average useful life of capital assets used in Cheesecake Factory operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CAKE is equal to -7.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $589 million for Cheesecake Factory - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 47.393 million for Cheesecake Factory is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Cheesecake Factory at the current share price and the inputted number of shares is $2.4 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
IRG Ignite Restaur 0.330 prem.  prem.
BJRI BJ's Resta 37.65 prem.  prem.
KONA Kona Grill 3.65 prem.  prem.
BBRG Bravo Brio Res 4.55 prem.  prem.
BOBE Bob Evans Farm 72.29 prem.  prem.
CBRL Cracker Barrel 163.63 prem.  prem.
DENN Denny's 11.07 prem.  prem.
DRI Darden Restaur 89.16 prem.  prem.
BDL Flanigan's 29.60 prem.  prem.

COMPANY NEWS

▶ Ed Goldman: Is the Cheesecake Factorys revenue slimming?   [Jun-22-17 11:45AM  American City Business Journals]
▶ What Investors Missed in the Market This Week   [Jun-17-17 02:12PM  Motley Fool]
▶ New Strong Sell Stocks for June 16th   [Jun-16-17 11:34AM  Zacks]
▶ Company News for June 14, 2017   [10:28AM  Zacks]
▶ Asian stocks mixed after Wall Street gains   [Jun-13-17 11:35PM  Associated Press]
▶ Retail And E-Commerce News And Stocks To Watch   [03:28PM  Investor's Business Daily]
▶ Story Stocks from Briefing.com   [11:06AM  Briefing.com]
▶ The Cheesecake Factory Opens in Hackensack, New Jersey   [Jun-08-17 08:11AM  Business Wire]
▶ Is the Party Over for Cheesecake Factory?   [04:14PM  TheStreet.com]
▶ Dunkin' Brands Sales Miss In 'Increasingly Challenging' Market   [May-04-17 04:28PM  Investor's Business Daily]
▶ Cheesecake Factory Misses, Habit Profit Tops After Yum, Papa John's Beat   [May-03-17 05:00PM  Investor's Business Daily]
▶ Cheesecake Factory misses Street 1Q forecasts   [04:52PM  Associated Press]
▶ These Are The Five 'Top 5%' Stocks With Earnings Due This Week   [04:08PM  Investor's Business Daily]
▶ The Cheesecake Factory Opens in Hong Kong   [08:11AM  Business Wire]
▶ 3 Chains Weathering the Restaurant Recession   [Apr-26-17 05:24PM  Motley Fool]
▶ Can This Restaurant Stock Have Its Cake And Eat It Too?   [11:13AM  Investor's Business Daily]
▶ Which Companies Are Now Outperforming 95% Of All Stocks?   [11:13AM  Investor's Business Daily]
▶ PRESS DIGEST- Canada - April 13   [Apr-13-17 06:33AM  Reuters]
▶ More fast food deals coming?   [Apr-05-17 05:17PM  CNBC Videos]
▶ Cheesecake Factory: 'The lease for our CocoWalk location expired'   [Mar-31-17 02:05PM  at bizjournals.com]
▶ Cheesecake Factory: 'The lease for our CocoWalk location expired'   [02:05PM  American City Business Journals]
▶ Cheesecake Factory planned for Ridgedale Center   [Feb-17-17 02:45PM  at bizjournals.com]
▶ Oahu mall confirms The Cheesecake Factory, Sephora as new tenants   [Jan-26-17 06:40PM  at bizjournals.com]
Stock chart of CAKE Financial statements of CAKE Annual reports of CAKE
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.