Cheesecake Factory (NAS:CAKE) Enterprise Value

: $3,386 Mil (As of Today)

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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cheesecake Factory's Enterprise Value is $3,386 Mil. Cheesecake Factory's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 was $45 Mil. Therefore, Cheesecake Factory's EV-to-EBIT ratio for today is 76.02.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Cheesecake Factory's Enterprise Value is $3,386 Mil. Cheesecake Factory's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 was $138 Mil. Therefore, Cheesecake Factory's EV-to-EBITDA ratio for today is 24.47.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Cheesecake Factory's Enterprise Value is $3,386 Mil. Cheesecake Factory's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 was $3,376 Mil. Therefore, Cheesecake Factory's EV-to-Revenue ratio for today is 1.00.

Cheesecake Factory Enterprise Value Historical Data

The historical data trend for Cheesecake Factory's Enterprise Value 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.

Cheesecake Factory Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Enterprise Value

1,933.98

3,289.25

3,391.63

3,671.14

3,348.57

Cheesecake Factory Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Enterprise Value																3,730.07	2,998.16	3,209.70	3,348.57	3,514.57

Competitive Comparison

For the Restaurants subindustry, Cheesecake Factory's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.

Annual Data Quarterly Data

Cheesecake Factory Enterprise Value Distribution

For the Restaurants industry and Consumer Cyclical sector, Cheesecake Factory's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Cheesecake Factory's Enterprise Value falls in comparison to its industry or sector. The grey bar indicates the Enterprise Value's extreme value range as defined by GuruFocus.

Cheesecake Factory Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Cheesecake Factory's Enterprise Value for the fiscal year that ended in Dec. 2022 is calculated as

	Enterprise Value (A: Dec. 2022 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	1622.714856	+	0	+	1701.529
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	139.099	+	0	-	114.777
=	3,349

Cheesecake Factory's Enterprise Value for the quarter that ended in Mar. 2023 is calculated as

	Enterprise Value (Q: Mar. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	1803.683515	+	0	+	1686.56
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	140.493	+	0	-	116.164
=	3,515

Cheesecake Factory (NAS:CAKE) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Cheesecake Factory's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	3385.945	/	44.54
	=	76.02

Cheesecake Factory's current Enterprise Value is $3,386 Mil.
Cheesecake Factory's EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $45 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Cheesecake Factory's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	3385.945	/	138.37
	=	24.47

Cheesecake Factory's current Enterprise Value is $3,386 Mil.
Cheesecake Factory's EBITDA for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $138 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Cheesecake Factory's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	3385.945	/	3375.56
	=	1.00

Cheesecake Factory's current Enterprise Value is $3,386 Mil.
Cheesecake Factory's Revenue for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,376 Mil.

Cheesecake Factory Enterprise Value Related Terms

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Cheesecake Factory (NAS:CAKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cheesecake Factory Inc (NAS:CAKE) » Definitions » Enterprise Value

Comparable Companies

Traded in Other Exchanges

CAKE:Mexico CF2:Germany

Address

26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301

Website

https://www.thecheesecakefactory.com

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Most of the company's revenue comes from The Cheesecake Factory restaurants segment.

Executives

Adam S. Gordon	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Khanh Collins	director	22825 QUEENSBRIDGE DRIVE, ASHBURN VA 20148
Paul D. Ginsberg	director	C/O ROARK CAPITAL, 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Rc Cake Holdings Llc	10 percent owner	1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Janice L. Meyer	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Scarlett May	officer: EVP, General Counsel	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Keith Carango	officer: President (Subsidiary)	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Edie A Ames	director	C/O MORTONS RESTATURANT GROUP, INC., 325 LASALLE STREET, SUITE 500, CHICAGO IL 60610
Doug Benn	officer: Executive VP, CFO	C/O INNOVATIVE RESTAURANTS CONCEPT INC, 1640 POWERS FERRY RD BLDG 2 STE 300, MARIETTA GA 30067-9400
David M Gordon	officer: President	C/O THE CHEESECAKE FACTORY INCORPORATED, 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
Douglas L Schmick	director	720 SW WASHINGTON STREET, SUITE 550, PORTLAND OR 97205
Laurence B Mindel	director	IL FORNAIO AMERICA CORP, 770 TAMAPAIS DR STE 400, CORTE MADERA CA 94925
Herbert Simon	director	115 W WASHINGTON ST, INDIANAPOLIS IN 46204
Michael E Jannini	officer: President	C/O 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
David Bruce Pittaway	director	150 E 58TH ST, STE 3700, NEW YORK NY 10155