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Granite City Food & Brewery (Granite City Food & Brewery) Owner Earnings per Share (TTM) : 0.00 (As of Jun. 2017)


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What is Granite City Food & Brewery Owner Earnings per Share (TTM)?

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Granite City Food & Brewery's Owner Earnings per Share (TTM) ended in Jun. 2017 was $0.00. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for Granite City Food & Brewery's Owner Earnings per Share (TTM) or its related term are showing as below:



GCFB's Price-to-Owner-Earnings is not ranked *
in the Restaurants industry.
Industry Median: 12.365
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

Granite City Food & Brewery's Earnings per Share (Diluted) for the three months ended in Jun. 2017 was $-0.06. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2017 was $-0.54. It's PE Ratio ratio for today is At Loss.

Granite City Food & Brewery's EPS without NRI for the three months ended in Jun. 2017 was $-0.05. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2017 was $-0.47. It's PE Ratio without NRI ratio for today is At Loss.


Granite City Food & Brewery Owner Earnings per Share (TTM) Historical Data

The historical data trend for Granite City Food & Brewery's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Granite City Food & Brewery Owner Earnings per Share (TTM) Chart

Granite City Food & Brewery Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.33 0.04 -0.57 -0.14 -0.71

Granite City Food & Brewery Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.14 -0.39 -0.71 -0.79 -0.68

Competitive Comparison of Granite City Food & Brewery's Owner Earnings per Share (TTM)

For the Restaurants subindustry, Granite City Food & Brewery's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Granite City Food & Brewery's Price-to-Owner-Earnings Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Granite City Food & Brewery's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Granite City Food & Brewery's Price-to-Owner-Earnings falls into.



Granite City Food & Brewery Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

Granite City Food & Brewery's Owner Earnings per Share (TTM) Calculation:

TTM / Last Quarter Average of Last 20 Quarters
Net Income -7.8
Depreciation, Depletion and Amortization 9.1
Change In Deferred Tax 0.0
5Y Average of Maintenance Capital Expenditure 11.7
Change In Working Capital 0.6
Shares Outstanding (Diluted Average) 14.4

1. Start with "Net Income" from income statement. Granite City Food & Brewery's Net Income for the trailing twelve months (TTM) ended in Jun. 2017 was $-7.8 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. Granite City Food & Brewery's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Jun. 2017 was $9.1 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. Granite City Food & Brewery's Change In Deferred Tax for the trailing twelve months (TTM) ended in Jun. 2017 was $0.0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $11.7 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous quarter. If the revenue decreased from the previous quarter, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous quarter, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

Granite City Food & Brewery's 5-Year Average Maintenance Capital Expenditure = $11.7 Mil

5. "Change In Working Capital" is from cashflow statement. Granite City Food & Brewery's Change In Working Capital for the trailing twelve months (TTM) ended in Jun. 2017 was $0.6 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. Granite City Food & Brewery's Shares Outstanding (Diluted Average) for the months ended in Jun. 2017 was 14.361 Mil.

Granite City Food & Brewery's Onwer Earnings Per Share for Jun. 2017 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -7.772 +9.129+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-11.702359982782+0.626)/14.361
=0.00

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=0.0002/0.00
=0

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


Granite City Food & Brewery Owner Earnings per Share (TTM) Related Terms

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Granite City Food & Brewery (Granite City Food & Brewery) Business Description

Traded in Other Exchanges
N/A
Address
3600 American Boulevard West, Suite 400, Bloomington, MN, USA, 55431
Granite City Food & Brewery Ltd owns and operates a restaurant with an on-site brewery. The company operates two casual dining concepts which include Granite city food and brewery and Cadillac ranch all American bar and grill. The Granite city restaurant theme is upscale casual dining with a wide variety of menu items, which includes handcrafted beers finished on-site. Cadillac Ranch restaurants feature authentic, cuisine in a fun, dynamic environment. Its menu is diverse with offerings ranging from homemade meatloaf to pasta dishes. It has approximately 36 restaurants in over 10 states. In addition, it also operates a centralized beer production facility in Ellsworth, Iowa which facilitates the initial stages of its brewing process.
Executives
Lou Mucci director 16161 BEACH BLVD, STE 100, HUNTINGTON BEACH CA 92647
Peter Hausback officer: Chief Financial Officer 201 W NORTH RIVER DR, STE 100, SPOKANE WA 99201
Whitebox Advisors Llc 10 percent owner 3033 EXCELSIOR BLVD., SUITE 500, MINNEAPOLIS MN 55416
Gary S Kohler 10 percent owner 5000 W 36TH STREET, SUITE 115, MINNEAPOLIS MN 55416
Whitebox Intermarket Partners Lp 10 percent owner 3033 EXCELSIOR BLVD, SUITE 300, MINNEAPOLIS MN 55416
Whitebox Intermarket Advisors, Llc 10 percent owner 3033 EXCELSIOR BOULEVARD, SUITE 300, MINNEAPOLIS MN 55416
Whitebox Intermarket Fund Lp 10 percent owner 3033 EXCELSIOR BLVD, SUITE 300, MINNEAPOLIS MN 55416
Whitebox Intermarket Fund, Ltd. 10 percent owner TRIDENT TRUST COMPANY (BVI) LIMITED, TRIDENT CHMBRS WATERFRONT DR WICKHAM CAY, ROAD TOWN, TORTOLA D8 00000

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