Wingstop Inc. - Understand $wing stock

$WING Market Cap: $9.853 Billion

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Financial Snapshot

Revenue

$591.0M

TTM

Gross Margin

85.09%

TTM

Net Earnings

$100.8M

TTM

Current Assets

$166.2M

Q3 2024

Current Liabilities

$118.9M

Q3 2024

Current Ratio

139.82%

Q3 2024

Total Assets

$484.8M

Q3 2024

Total Liabilities

$932.2M

Q3 2024

Book Value

-$447.5M

Q3 2024

Cash

$83.96M

Q3 2024

P/E

97.77

Nov 29, 2024 EST

Free Cash Flow

$139.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$460.1M	$357.5M	$282.5M	$248.8M	$199.7M	$153.2M	$133.3M	$103.3M	$77.97M	$67.45M	$59.00M	$51.60M
YoY Change	28.68%	26.56%	13.54%	24.61%	30.35%	14.9%	29.03%	32.52%	15.6%	14.32%	14.34%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$460.1M	$357.5M	$282.5M	$248.8M	$199.7M	$153.2M	$133.3M	$103.3M	$77.97M	$67.45M	$59.00M	$51.60M
Cost Of Revenue	$70.65M	$63.40M	$57.42M	$48.58M	$41.11M	$32.06M	$28.75M	$25.31M	$22.22M	$20.47M	$22.18M	$21.30M
Gross Profit	$389.4M	$294.1M	$225.1M	$200.2M	$158.6M	$121.1M	$104.6M	$78.02M	$55.75M	$46.98M	$36.82M	$30.30M
Gross Profit Margin	84.64%	82.27%	79.68%	80.47%	79.41%	79.07%	78.44%	75.51%	71.5%	69.65%	62.41%	58.72%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$96.90M	$67.06M	$62.90M	$61.08M	$50.18M	$44.58M	$34.90M	$34.55M	$33.35M	$26.01M	$18.91M	$15.90M
YoY Change	44.49%	6.62%	2.96%	21.73%	12.56%	27.74%	1.0%	3.6%	28.24%	37.5%	18.95%
% of Gross Profit	24.88%	22.8%	27.94%	30.51%	31.64%	36.81%	33.37%	44.29%	59.82%	55.36%	51.36%	52.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.24M	$10.90M	$7.943M	$7.518M	$5.484M	$4.313M	$3.376M	$3.008M	$2.682M	$2.904M	$3.030M	$2.930M
YoY Change	21.47%	37.22%	5.65%	37.09%	27.15%	27.75%	12.23%	12.16%	-7.64%	-4.16%	3.41%
% of Gross Profit	3.4%	3.71%	3.53%	3.75%	3.46%	3.56%	3.23%	3.86%	4.81%	6.18%	8.23%	9.67%
Operating Expenses	$96.90M	$67.06M	$62.90M	$61.08M	$50.18M	$114.7M	$99.45M	$76.72M	$58.25M	$49.38M	$44.12M	$21.30M
YoY Change	44.49%	6.62%	2.96%	21.73%	-56.24%	15.29%	29.63%	31.7%	17.96%	11.93%	107.13%
Operating Profit	$112.6M	$91.93M	$73.76M	$57.39M	$42.90M	$38.53M	$33.87M	$26.61M	$19.72M	$18.07M	$14.88M	$9.000M
YoY Change	22.47%	24.64%	28.52%	33.77%	11.35%	13.74%	27.31%	34.94%	9.14%	21.41%	65.33%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	-$18.23M	-$21.23M	-$14.98M	-$16.78M	-$17.14M	-$10.12M	-$5.131M	-$4.396M	-$3.477M	-$3.684M	-$2.863M	-$2.400M
YoY Change	-14.15%	41.68%	-10.71%	-2.07%	69.28%	97.29%	16.72%	26.43%	-5.62%	28.68%	19.29%
% of Operating Profit	-16.19%	-23.09%	-20.32%	-29.24%	-39.94%	-26.28%	-15.15%	-16.52%	-17.63%	-20.39%	-19.24%	-26.67%
Other Income/Expense, Net	-$57.00K	-$573.0K	$135.0K	$0.00	$0.00	-$1.477M	$0.00	-$254.0K	-$396.0K	-$84.00K	$6.000K	$0.00
YoY Change	-90.05%	-524.44%			-100.0%		-100.0%	-35.86%	371.43%	-1500.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	$94.31M	$69.32M	$58.91M	$26.94M	$25.77M	$26.93M	$28.74M	$21.96M	$15.85M	$14.30M	$12.02M	$6.600M
YoY Change	36.06%	17.67%	118.64%	4.57%	-4.32%	-6.31%	30.9%	38.57%	10.82%	18.92%	82.17%
Income Tax	$24.14M	$16.37M	$16.25M	$3.637M	$5.289M	$5.208M	$4.802M	$8.188M	$5.739M	$5.312M	$4.493M	$3.000M
% Of Pretax Income	25.59%	23.62%	27.58%	13.5%	20.53%	19.34%	16.71%	37.29%	36.22%	37.15%	37.37%	45.45%
Net Earnings	$70.18M	$52.95M	$42.66M	$23.31M	$20.48M	$21.72M	$23.94M	$13.77M	$10.11M	$8.986M	$7.530M	$3.600M
YoY Change	32.54%	24.12%	83.03%	13.82%	-5.72%	-9.28%	73.87%	36.25%	12.46%	19.34%	109.17%
Net Earnings / Revenue	15.25%	14.81%	15.1%	9.37%	10.25%	14.18%	17.96%	13.33%	12.96%	13.32%	12.76%	6.98%
Basic Earnings Per Share	$2.36	$1.77	$1.43	$0.79	$0.70	$0.74	$0.82	$0.48	$0.37	$0.35	$0.30
Diluted Earnings Per Share	$2.35	$1.77	$1.42	$0.78	$0.69	$0.73	$0.82	$0.47	$0.36	$0.34	$0.29	$125.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments	$90.22M	$184.5M	$48.58M	$40.90M	$12.80M	$12.50M	$4.100M	$3.800M	$10.70M	$9.700M	$3.200M
YoY Change	-51.1%	279.75%	18.78%	219.53%	2.4%	204.88%	7.89%	-64.49%	10.31%	203.13%
Cash & Equivalents	$90.22M	$184.5M	$48.58M	$40.90M	$12.80M	$12.50M	$4.100M	$3.800M	$10.70M	$9.700M	$3.200M
Short-Term Investments
Other Short-Term Assets	$41.19M	$32.33M	$12.97M	$22.80M	$11.20M	$11.40M	$4.500M	$3.900M	$5.400M	$4.500M	$3.500M
YoY Change	27.41%	149.2%	-43.11%	103.57%	-1.75%	153.33%	15.38%	-27.78%	20.0%	28.57%
Inventory	$535.0K	$389.0K	$484.0K	$400.0K	$300.0K	$300.0K	$200.0K	$200.0K	$200.0K	$200.0K	$200.0K
Prepaid Expenses
Receivables						$2.200M	$2.100M	$1.500M	$2.500M	$1.500M	$1.000M
Other Receivables						$3.600M	$5.000M	$1.700M	$900.0K	$900.0K	$800.0K
Total Short-Term Assets	$144.3M	$226.7M	$70.15M	$72.60M	$30.20M	$29.90M	$15.90M	$11.10M	$19.60M	$16.70M	$8.600M
YoY Change	-36.32%	223.13%	-3.38%	140.4%	1.0%	88.05%	43.24%	-43.37%	17.37%	94.19%
Property, Plant & Equipment	$110.4M	$82.46M	$69.54M	$34.20M	$36.10M	$8.300M	$5.800M	$5.000M	$4.600M	$3.600M	$4.300M
YoY Change	33.86%	18.59%	103.32%	-5.26%	334.94%	43.1%	16.0%	8.7%	27.78%	-16.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$781.0K	$1.787M	$2.237M	$6.700M	$4.000M	$4.900M	$3.300M	$900.0K	$300.0K	$1.000M	$1.300M
YoY Change	-56.3%	-20.12%	-66.61%	67.5%	-18.37%	48.48%	266.67%	200.0%	-70.0%	-23.08%
Total Long-Term Assets	$233.5M	$197.5M	$179.1M	$139.0M	$135.9M	$109.8M	$103.9M	$100.7M	$101.1M	$102.1M	$104.9M
YoY Change	18.21%	10.31%	28.82%	2.28%	23.77%	5.68%	3.18%	-0.4%	-0.98%	-2.67%
Total Assets	$377.8M	$424.2M	$249.2M	$211.6M	$166.1M	$139.7M	$119.8M	$111.8M	$120.7M	$118.8M	$113.5M
YoY Change
Accounts Payable	$4.725M	$5.219M	$5.414M	$3.700M	$3.300M	$2.800M	$1.800M	$1.500M	$1.400M	$1.500M	$1.000M
YoY Change	-9.47%	-3.6%	46.32%	12.12%	17.86%	55.56%	20.0%	7.14%	-6.67%	50.0%
Accrued Expenses	$33.16M	$23.85M	$24.41M	$23.50M	$18.30M	$13.50M	$8.700M	$6.800M	$5.600M	$5.100M	$3.700M
YoY Change	39.03%	-2.28%	3.86%	28.42%	35.56%	55.17%	27.94%	21.43%	9.8%	37.84%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$7.300M	$0.00	$3.600M	$3.200M	$2.400M	$3.500M	$3.500M		$4.900M	$3.800M
YoY Change	-100.0%		-100.0%	12.5%	33.33%	-31.43%	0.0%			28.95%
Total Short-Term Liabilities	$71.00M	$62.41M	$39.68M	$50.50M	$32.90M	$26.50M	$19.10M	$16.70M	$12.60M	$16.40M	$11.90M
YoY Change	13.77%	57.28%	-21.42%	53.5%	24.15%	38.74%	14.37%	32.54%	-23.17%	37.82%
Long-Term Debt	$712.3M	$706.8M	$469.4M	$466.9M	$307.7M	$309.4M	$129.8M	$147.2M	$95.00M	$88.90M	$98.70M
YoY Change	0.78%	50.59%	0.53%	51.74%	-0.55%	138.37%	-11.82%	54.95%	6.86%	-9.93%
Other Long-Term Liabilities	$48.14M	$41.61M	$42.22M	$31.00M	$30.50M	$23.90M	$23.40M	$10.20M	$9.700M	$8.700M	$7.000M
YoY Change	15.68%	-1.44%	36.2%	1.64%	27.62%	2.14%	129.41%	5.15%	11.49%	24.29%
Total Long-Term Liabilities	$760.5M	$748.5M	$511.6M	$497.9M	$338.2M	$333.3M	$153.2M	$157.4M	$104.7M	$97.60M	$105.7M
YoY Change	1.6%	46.29%	2.75%	47.22%	1.47%	117.56%	-2.67%	50.33%	7.27%	-7.66%
Total Liabilities	$835.2M	$815.1M	$558.7M	$552.9M	$375.5M	$364.6M	$178.3M	$186.4M	$130.3M	$127.8M	$133.7M
YoY Change	2.47%	45.88%	1.05%	47.24%	2.99%	104.49%	-4.35%	43.05%	1.96%	-4.41%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	29.77M shares	29.89M shares	29.77M shares	29.60M shares	29.42M shares	29.23M shares	29.03M shares	28.64M shares	27.50M shares	25.85M shares	25.17M shares
Diluted Shares Outstanding	29.86M shares	29.96M shares	29.94M shares	29.80M shares	29.67M shares	29.59M shares	29.42M shares	28.98M shares	27.82M shares	26.20M shares	25.65M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $9.8533 Billion

About Wingstop Inc.

Wingstop, Inc. is a franchisor and operator of restaurants, which engages in the provision of cooked-to-order, hand-sauced, and tossed chicken wings. The company is headquartered in Addison, Texas and currently employs 1,225 full-time employees. The company went IPO on 2015-06-12. The firm is in the business of franchising and operating Wingstop restaurants. The firm is primarily a franchisor, with approximately 98% of its restaurants owned and operated by independent franchisees. The company offers classic wings, boneless wings, tenders, and chicken sandwiches, cooked to order and hand sauced-and-tossed in fans' choice of 11 bold, distinctive flavors. The firm also complements its wings, tenders, and chicken sandwiches with seasoned fries, hand-cut carrots, ranch, bleu cheese dips and celery. The firm offers various order options, including dine-in, carryout, delivery, individual, combo meals and family packs. The firm operates approximately a total of 2,165 restaurants in 45 states and 11 countries and United States territories.

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