MeritValue

FLANIGANS ENTERPRISES INC

BDLdata completeness 100%17 fiscal years on file
i. The business — what you’d actually own
FigureFY 2022FY 2022FY 2023FY 2024FY 2025
Revenue$158.1M1—$174.4M2$187.2M3$205.2M3
Net income$6.31M4$9.05M4$4M5$3.36M6$5.03M6
Operating cash flow$10.5M7—$8.49M8$6.63M9$10.5M9
Capital expenditure$4.02M10—$13.2M11$3.45M12$5.83M12
Free cash flow (derived)$6.49M7—−$4.69M8$3.19M9$4.68M9
Total debt$51.1M13—$46.6M14$44.1M15$41.5M15
Cash & equivalents$42.1M16—$25.5M17$21.4M17$20.1M17
Diluted shares1.9M—1.9M1.9M1.9M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.00054%
of the whole company
Your share of last year’s profit
$27.08
Your share of its debt
$223.15
Your share of free cash flow
$25.18
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$11.67
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$3.19M
DCF · Growth Exit 5Y
$13.58
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$3.19M
Earnings Power Value
$28.53
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$5.03M
  • growthAssumed0.0%
Graham Number
$46.23
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $13.58

Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2022-10-01 · accession 0001174947-23-001489 (Revenues)
  2. 10-K · period ending 2023-09-30 · accession 0001174947-24-001397 (Revenues)
  3. 10-K · period ending 2024-09-28 · accession 0001174947-25-001463 (Revenues)
  4. 10-K · period ending 2022-10-01 · accession 0001174947-23-001489 (NetIncomeLoss)
  5. 10-K · period ending 2023-09-30 · accession 0001174947-24-001397 (NetIncomeLoss)
  6. 10-K · period ending 2024-09-28 · accession 0001174947-25-001463 (NetIncomeLoss)
  7. 10-K · period ending 2022-10-01 · accession 0001174947-23-001489 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2023-09-30 · accession 0001174947-24-001397 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2024-09-28 · accession 0001174947-25-001463 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-10-01 · accession 0001174947-23-001489 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2023-09-30 · accession 0001174947-24-001397 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2024-09-28 · accession 0001174947-25-001463 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2022-10-01 · accession 0001174947-23-001489 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2023-09-30 · accession 0001174947-24-001397 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2024-09-28 · accession 0001174947-25-001463 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2022-10-01 · accession 0001174947-23-000017 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2023-09-30 · accession 0001174947-25-001463 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)