Intrinsic value of Shake Shack Cl A - SHAK

Previous Close

$37.80

  Intrinsic Value

$207.44

stock screener

  Rating & Target

str. buy

+449%

Previous close

$37.80

 
Intrinsic value

$207.44

 
Up/down potential

+449%

 
Rating

str. buy

We calculate the intrinsic value of SHAK 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 2016), $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 1.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   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

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  40.31
  37.90
  34.61
  31.65
  28.98
  26.59
  24.43
  22.48
  20.74
  19.16
  17.75
  16.47
  15.32
  14.29
  13.36
  12.53
  11.77
  11.10
  10.49
  9.94
  9.44
  9.00
  8.60
  8.24
  7.92
  7.62
  7.36
  7.13
  6.91
  6.72
  6.55
Revenue, $m
  268
  370
  497
  655
  845
  1,069
  1,331
  1,630
  1,968
  2,345
  2,761
  3,216
  3,708
  4,238
  4,805
  5,406
  6,043
  6,714
  7,418
  8,155
  8,925
  9,728
  10,565
  11,435
  12,341
  13,281
  14,259
  15,275
  16,331
  17,429
  18,571
Variable operating expenses, $m
 
  273
  368
  484
  624
  790
  983
  1,204
  1,454
  1,733
  2,040
  2,376
  2,740
  3,132
  3,551
  3,995
  4,466
  4,961
  5,482
  6,026
  6,596
  7,189
  7,807
  8,451
  9,120
  9,815
  10,538
  11,288
  12,069
  12,880
  13,724
Fixed operating expenses, $m
 
  45
  46
  47
  49
  50
  51
  52
  54
  55
  56
  58
  59
  61
  62
  64
  65
  67
  69
  70
  72
  74
  76
  78
  80
  82
  84
  86
  88
  90
  92
Total operating expenses, $m
  241
  318
  414
  531
  673
  840
  1,034
  1,256
  1,508
  1,788
  2,096
  2,434
  2,799
  3,193
  3,613
  4,059
  4,531
  5,028
  5,551
  6,096
  6,668
  7,263
  7,883
  8,529
  9,200
  9,897
  10,622
  11,374
  12,157
  12,970
  13,816
Operating income, $m
  28
  51
  84
  124
  172
  229
  296
  373
  460
  557
  664
  782
  909
  1,046
  1,192
  1,347
  1,512
  1,685
  1,867
  2,058
  2,257
  2,465
  2,682
  2,907
  3,141
  3,385
  3,638
  3,901
  4,175
  4,459
  4,755
EBITDA, $m
  43
  72
  112
  160
  219
  289
  371
  465
  570
  689
  819
  962
  1,117
  1,284
  1,462
  1,651
  1,851
  2,062
  2,284
  2,516
  2,759
  3,012
  3,275
  3,549
  3,835
  4,131
  4,439
  4,759
  5,092
  5,438
  5,798
Interest expense (income), $m
  0
  0
  5
  12
  19
  29
  40
  54
  69
  86
  105
  126
  148
  173
  200
  229
  259
  291
  325
  360
  397
  436
  477
  519
  563
  608
  656
  705
  756
  809
  865
Earnings before tax, $m
  29
  51
  79
  112
  152
  200
  256
  320
  391
  471
  560
  656
  760
  872
  992
  1,119
  1,253
  1,394
  1,543
  1,698
  1,860
  2,029
  2,205
  2,388
  2,579
  2,777
  2,982
  3,196
  3,419
  3,650
  3,890
Tax expense, $m
  7
  14
  21
  30
  41
  54
  69
  86
  106
  127
  151
  177
  205
  235
  268
  302
  338
  376
  417
  458
  502
  548
  595
  645
  696
  750
  805
  863
  923
  985
  1,050
Net income, $m
  12
  37
  57
  82
  111
  146
  187
  233
  286
  344
  409
  479
  555
  637
  724
  817
  915
  1,018
  1,126
  1,239
  1,358
  1,481
  1,610
  1,743
  1,882
  2,027
  2,177
  2,333
  2,496
  2,664
  2,840

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  74
  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
  538
  639
  861
  1,133
  1,462
  1,850
  2,302
  2,820
  3,404
  4,057
  4,776
  5,563
  6,416
  7,333
  8,313
  9,354
  10,455
  11,615
  12,833
  14,109
  15,441
  16,831
  18,278
  19,784
  21,350
  22,978
  24,670
  26,428
  28,255
  30,154
  32,129
Adjusted assets (=assets-cash), $m
  464
  639
  861
  1,133
  1,462
  1,850
  2,302
  2,820
  3,404
  4,057
  4,776
  5,563
  6,416
  7,333
  8,313
  9,354
  10,455
  11,615
  12,833
  14,109
  15,441
  16,831
  18,278
  19,784
  21,350
  22,978
  24,670
  26,428
  28,255
  30,154
  32,129
Revenue / Adjusted assets
  0.578
  0.579
  0.577
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
  0.578
Average production assets, $m
  115
  158
  212
  280
  361
  457
  568
  696
  840
  1,001
  1,179
  1,373
  1,583
  1,810
  2,052
  2,309
  2,580
  2,867
  3,167
  3,482
  3,811
  4,154
  4,511
  4,883
  5,269
  5,671
  6,089
  6,523
  6,973
  7,442
  7,930
Working capital, $m
  52
  -30
  -41
  -54
  -69
  -88
  -109
  -134
  -161
  -192
  -226
  -264
  -304
  -348
  -394
  -443
  -496
  -551
  -608
  -669
  -732
  -798
  -866
  -938
  -1,012
  -1,089
  -1,169
  -1,253
  -1,339
  -1,429
  -1,523
Total debt, $m
  0
  146
  330
  557
  830
  1,153
  1,529
  1,960
  2,446
  2,989
  3,588
  4,243
  4,952
  5,715
  6,530
  7,396
  8,313
  9,278
  10,291
  11,352
  12,461
  13,617
  14,821
  16,075
  17,378
  18,732
  20,139
  21,602
  23,122
  24,702
  26,345
Total liabilities, $m
  386
  532
  716
  943
  1,216
  1,539
  1,915
  2,346
  2,832
  3,375
  3,974
  4,629
  5,338
  6,101
  6,916
  7,782
  8,699
  9,664
  10,677
  11,738
  12,847
  14,003
  15,207
  16,461
  17,764
  19,118
  20,525
  21,988
  23,508
  25,088
  26,731
Total equity, $m
  152
  107
  145
  190
  246
  311
  387
  474
  572
  682
  802
  935
  1,078
  1,232
  1,397
  1,571
  1,756
  1,951
  2,156
  2,370
  2,594
  2,828
  3,071
  3,324
  3,587
  3,860
  4,145
  4,440
  4,747
  5,066
  5,398
Total liabilities and equity, $m
  538
  639
  861
  1,133
  1,462
  1,850
  2,302
  2,820
  3,404
  4,057
  4,776
  5,564
  6,416
  7,333
  8,313
  9,353
  10,455
  11,615
  12,833
  14,108
  15,441
  16,831
  18,278
  19,785
  21,351
  22,978
  24,670
  26,428
  28,255
  30,154
  32,129
Debt-to-equity ratio
  0.000
  1.360
  2.280
  2.920
  3.380
  3.710
  3.950
  4.140
  4.280
  4.390
  4.470
  4.540
  4.590
  4.640
  4.680
  4.710
  4.730
  4.750
  4.770
  4.790
  4.800
  4.820
  4.830
  4.840
  4.840
  4.850
  4.860
  4.870
  4.870
  4.880
  4.880
Adjusted equity ratio
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  12
  37
  57
  82
  111
  146
  187
  233
  286
  344
  409
  479
  555
  637
  724
  817
  915
  1,018
  1,126
  1,239
  1,358
  1,481
  1,610
  1,743
  1,882
  2,027
  2,177
  2,333
  2,496
  2,664
  2,840
Depreciation, amort., depletion, $m
  15
  21
  28
  37
  47
  60
  75
  92
  111
  132
  155
  181
  208
  238
  270
  304
  340
  377
  417
  458
  501
  547
  594
  642
  693
  746
  801
  858
  918
  979
  1,043
Funds from operations, $m
  67
  58
  85
  119
  159
  206
  262
  325
  396
  476
  564
  659
  763
  875
  994
  1,120
  1,254
  1,395
  1,543
  1,698
  1,859
  2,028
  2,203
  2,386
  2,576
  2,773
  2,978
  3,192
  3,413
  3,643
  3,883
Change in working capital, $m
  13
  -8
  -10
  -13
  -16
  -18
  -21
  -25
  -28
  -31
  -34
  -37
  -40
  -43
  -46
  -49
  -52
  -55
  -58
  -60
  -63
  -66
  -69
  -71
  -74
  -77
  -80
  -83
  -87
  -90
  -94
Cash from operations, $m
  54
  67
  96
  131
  174
  225
  283
  349
  424
  507
  598
  697
  804
  918
  1,040
  1,170
  1,306
  1,450
  1,601
  1,758
  1,922
  2,094
  2,272
  2,457
  2,650
  2,850
  3,058
  3,275
  3,500
  3,734
  3,977
Maintenance CAPEX, $m
  0
  -15
  -21
  -28
  -37
  -47
  -60
  -75
  -92
  -111
  -132
  -155
  -181
  -208
  -238
  -270
  -304
  -340
  -377
  -417
  -458
  -501
  -547
  -594
  -642
  -693
  -746
  -801
  -858
  -918
  -979
New CAPEX, $m
  -54
  -43
  -55
  -67
  -81
  -96
  -112
  -128
  -144
  -161
  -178
  -194
  -210
  -226
  -242
  -257
  -272
  -286
  -301
  -315
  -329
  -343
  -357
  -372
  -387
  -402
  -418
  -434
  -451
  -469
  -487
Cash from investing activities, $m
  -115
  -58
  -76
  -95
  -118
  -143
  -172
  -203
  -236
  -272
  -310
  -349
  -391
  -434
  -480
  -527
  -576
  -626
  -678
  -732
  -787
  -844
  -904
  -966
  -1,029
  -1,095
  -1,164
  -1,235
  -1,309
  -1,387
  -1,466
Free cash flow, $m
  -61
  8
  20
  36
  56
  81
  111
  147
  188
  235
  288
  348
  413
  484
  560
  643
  731
  824
  923
  1,027
  1,135
  1,249
  1,368
  1,492
  1,621
  1,755
  1,895
  2,040
  2,191
  2,347
  2,510
Issuance/(repayment) of debt, $m
  0
  146
  184
  227
  273
  323
  376
  431
  486
  543
  599
  655
  709
  763
  815
  866
  916
  965
  1,013
  1,061
  1,109
  1,156
  1,204
  1,253
  1,303
  1,354
  1,407
  1,463
  1,520
  1,580
  1,643
Issuance/(repurchase) of shares, $m
  3
  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  
  1
  146
  184
  227
  273
  323
  376
  431
  486
  543
  599
  655
  709
  763
  815
  866
  916
  965
  1,013
  1,061
  1,109
  1,156
  1,204
  1,253
  1,303
  1,354
  1,407
  1,463
  1,520
  1,580
  1,643
Total cash flow (excl. dividends), $m
  -59
  154
  204
  263
  330
  405
  487
  577
  675
  778
  887
  1,002
  1,122
  1,247
  1,376
  1,509
  1,647
  1,789
  1,936
  2,088
  2,244
  2,405
  2,572
  2,745
  2,924
  3,110
  3,302
  3,502
  3,711
  3,927
  4,153
Retained Cash Flow (-), $m
  -51
  -29
  -37
  -46
  -55
  -65
  -76
  -87
  -98
  -110
  -121
  -132
  -143
  -154
  -165
  -175
  -185
  -195
  -205
  -214
  -224
  -233
  -243
  -253
  -263
  -273
  -284
  -295
  -307
  -319
  -332
Prev. year cash balance distribution, $m
 
  74
  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
 
  199
  167
  217
  275
  339
  411
  491
  576
  668
  766
  870
  979
  1,092
  1,211
  1,334
  1,462
  1,595
  1,732
  1,873
  2,020
  2,172
  2,329
  2,492
  2,661
  2,836
  3,018
  3,207
  3,404
  3,608
  3,821
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
  153
  189
  226
  263
  299
  331
  360
  384
  402
  413
  418
  415
  407
  392
  372
  347
  319
  288
  257
  225
  193
  163
  136
  110
  88
  69
  53
  39
  29
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

Shake Shack Inc. operates roadside burger stands. The Company serves an American menu of burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, beer and wine, among others. The Company's signature items are its all-natural, hormone and antibiotic-free burgers, hot dogs, crispy chicken, crinkle cut fries, shakes and frozen custard. Its menu focuses on food and beverages, crafted from a range of classic American foods. The Company's domestic menu includes a range of signature items, such as the ShackBurger, SmokeShack, Shack-cago Dog, 'Shroom Burger, seasonal frozen custard, hand-spun shakes, concretes, ShackMeister Ale, and Shack Red and Shack White wines. As of December 28, 2016, it had 114 Shacks in 13 countries and 16 states, as well as the District of Columbia. Its burgers are made with a whole-muscle blend of all-natural, hormone and antibiotic-free Angus beef, ground fresh daily, cooked to order and served on a non-genetically modified organism potato bun.

FINANCIAL RATIOS  of  Shake Shack Cl A (SHAK)

Valuation Ratios
P/E Ratio 114.7
Price to Sales 5.1
Price to Book 9.1
Price to Tangible Book
Price to Cash Flow 25.5
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate 40.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 68.8%
Cap. Spend. - 3 Yr. Gr. Rate 27.5%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 2.6%
Ret/ On Assets - 3 Yr. Avg. 0.5%
Return On Total Capital 9.5%
Ret/ On T. Cap. - 3 Yr. Avg. 0.7%
Return On Equity 9.5%
Return On Equity - 3 Yr. Avg. 0.6%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 30.6%
Gross Margin - 3 Yr. Avg. 30.8%
EBITDA Margin 16.4%
EBITDA Margin - 3 Yr. Avg. 10.8%
Operating Margin 10.1%
Oper. Margin - 3 Yr. Avg. 5.7%
Pre-Tax Margin 10.8%
Pre-Tax Margin - 3 Yr. Avg. 5.5%
Net Profit Margin 4.5%
Net Profit Margin - 3 Yr. Avg. 0.5%
Effective Tax Rate 24.1%
Eff/ Tax Rate - 3 Yr. Avg. 35.8%
Payout Ratio 0%

SHAK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SHAK stock intrinsic value calculation we used $268 million for the last fiscal year's total revenue generated by Shake Shack Cl A. The default revenue input number comes from 2016 income statement of Shake Shack Cl A. 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 SHAK stock valuation model: a) initial revenue growth rate of 37.9% 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 SHAK is calculated based on our internal credit rating of Shake Shack Cl A, 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 Shake Shack Cl A.
    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 SHAK stock the variable cost ratio is equal to 73.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $44 million in the base year in the intrinsic value calculation for SHAK 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 Shake Shack Cl A.

Corporate tax rate of 27% is the nominal tax rate for Shake Shack Cl A. 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 SHAK 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 SHAK are equal to 42.7%.

Life of production assets of 7.6 years is the average useful life of capital assets used in Shake Shack Cl A 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 SHAK is equal to -8.2%. 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 - $152 million for Shake Shack Cl A - 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 36.589 million for Shake Shack Cl A 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 Shake Shack Cl A at the current share price and the inputted number of shares is $1.4 billion.

RELATED COMPANIES Price Int.Val. Rating
HABT Habit Restaura 9.10 4.09  str.sell
WEN Wendy's Co 14.11 4.36  str.sell
BOJA Bojangles' 12.72 14.36  hold
SONC Sonic 25.15 2.57  str.sell
GTIM Good Times Res 2.55 0.42  str.sell
JACK Jack in the Bo 102.57 11.15  str.sell
TAST Carrols Restau 12.35 25.61  str.buy
MCD McDonald's 168.30 12.57  str.sell

COMPANY NEWS

▶ Second Shake Shack to open second San Antonio location on Broadway   [Nov-16-17 10:04AM  American City Business Journals]
▶ Shake Shack to Participate in Investor Conferences   [Nov-08-17 04:05PM  Business Wire]
▶ Comparing Shake Shacks Valuation   [07:32AM  Market Realist]
▶ Is Shake Shack Inc. a Buy?   [08:27AM  Motley Fool]
▶ Shake Shacks Business Expansion Strategy   [07:32AM  Market Realist]
▶ Final Trade: XLE, TBT, TWX & SHAK   [05:59PM  CNBC Videos]
▶ What Drove Shake Shacks Revenue in 3Q17   [11:05AM  Market Realist]
▶ Top 3 Cult Stocks for 2017   [Nov-05-17 08:43AM  Investopedia]
▶ Shake Shack's Sizzle Fizzles   [11:09AM  Barrons.com]
▶ Shake Shack shares rally on earnings beat   [04:32PM  MarketWatch]
▶ Shake Shack beats 3Q profit forecasts   [04:23PM  Associated Press]
▶ Shake Shack beats on top and bottom lines   [04:13PM  CNBC Videos]
▶ Shake Shack Inc. to Host Earnings Call   [12:40PM  ACCESSWIRE]
▶ Shake Shack's Growth Causes Grumbles on Wall Street   [Oct-30-17 01:26PM  Barrons.com]
▶ Shake Shack giving Chicagoans new reason to check out the burger chain   [Oct-25-17 04:42PM  American City Business Journals]
▶ Fatburger CEO weighs in on going public and the brands future   [Oct-23-17 10:33AM  Yahoo Finance Video]
▶ Yahoo Finance Live: Market Movers - Oct 23rd, 2017   [07:20AM  Yahoo Finance Video]
▶ Chipotles Valuation Multiple Compared to Its Peers   [Oct-13-17 09:08AM  Market Realist]
▶ Are Shake Shack's Expansion Plans a Good Idea?   [Oct-12-17 12:38PM  Motley Fool]
▶ Shake Shack Tests a Cashier-Free Restaurant   [Oct-10-17 01:29PM  Investopedia]
▶ The future of fast food? This Shake Shack scraps human cashiers   [Oct-04-17 10:10AM  American City Business Journals]
▶ The future of fast food? This Shake Shack scraps human cashiers   [09:20AM  American City Business Journals]
▶ The future of fast food? This Shake Shack scraps human cashiers   [Oct-03-17 10:45AM  American City Business Journals]
▶ Corrections & Amplifications   [Oct-02-17 07:06PM  The Wall Street Journal]
▶ The impresario behind Shake Shack is now a private equity pro   [12:50PM  American City Business Journals]
▶ NYC Restaurateur Danny Meyer Raises Private-Equity Funds   [12:12AM  The Wall Street Journal]
▶ NYC Restaurateur Danny Meyer Raises Private-Equity Funds   [07:26PM  The Wall Street Journal]
▶ NYC Restaurateur Danny Meyer Raises Private-Equity Funds   [07:00PM  The Wall Street Journal]
▶ Shake Shack founder Danny Meyer on his Olo investment   [Sep-30-17 08:29AM  Yahoo Finance Video]
▶ Shake Shacks Stock Fell on Wedbush Downgrade   [Sep-27-17 04:37PM  Market Realist]
▶ Why Wedbush Downgraded Shake Shack   [02:46PM  Market Realist]
▶ Amazon ramps up meal delivery, partners with Danny Meyer-backed startup   [12:30PM  American City Business Journals]
▶ Whats Driving Shake Shack Stock?   [03:37PM  Market Realist]
Financial statements of SHAK
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.