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Flanigan's Enterprises

BDL
56
Restaurants · Consumer Cyclical
Price
$41.11
-0.28 (-0.68%)
Market Cap
$76.4M
Exchange
New York Stock Exchange American
Winston Score
56
Winston is curious
A decent business — some strong pillars, some weaker.

Flanigan's Enterprises is a small restaurant and bar company based in South Florida. It owns and operates a chain of casual dining locations under the "Flanigan's Seafood Bar and Grill" name, serving seafood, ribs, burgers, and cocktails to everyday diners. The company also runs a small number of package liquor stores attached to or near its restaurant locations.

Flanigan's makes money by selling food and alcohol directly to customers at its restaurants, and through retail liquor sales at its package stores. The company operates almost entirely in the Miami-Dade and Broward County areas of Florida, giving it a very local, community-focused identity that has built loyal repeat customers over decades. Its small size and tight geographic focus mean it is not exposed to national competition in the same way larger chains are, but it also has limited room to grow and is vulnerable to local economic downturns, hurricanes, and rising food and labor costs in Florida.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.9% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+6.9% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

71.6%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$23M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Flanigan's Enterprises is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 1.9M (2021) → 1.9M (2025)

Score breakdown

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Quality

Gross Margin
21.9%
Thin — 21.9% gross margin
Operating Margin
7.1%
Modest — 7.1% operating margin
ROCE
4.5%
Weak — 4.5% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+7.9%
Steady sales growth (7.9% YoY)
EPS YoY
+1075.0%
Earnings growing fast (1075.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
63%
Modest — 63% of profit becomes cash
FCF Margin
-0.7%
Burning cash (-0.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.29
Conservative — low debt load (0.29)
Interest Cover
11.63x
Comfortably covers interest (11.6x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)
9.7x
Attractive valuation — P/E 9.7

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend Yield
1.34%
Small dividend — 1.34% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+14.8%
Dividend growing fast (14.8% YoY)

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