Flanigan's Enterprises Inc. Common Stock (BDL)

FairStock Score: 77/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Flanigan's is a small South Florida operator of full-service restaurants and package liquor stores, with 773 employees. It is not a glamorous franchise, and its moat is hard to measure from the data; it is a small regional operator, not a wide-moat brand. The filed record shows progress: FY2023 revenue was $174.4M and net income $4.0M; FY2024 revenue was $187.2M and net income $3.4M; FY2025 revenue was $205.2M and net income $5.0M. In fiscal Q2 2026, the quarter ended 2026-03-28, revenue was $56.5M and net income $2.9M; in fiscal Q3 2026, the quarter ended 2026-06-27, revenue was $56.2M and net income $2.1M. Sales are advancing, but earnings are lumpy and restaurant margins are thin. At the 2026-10-13 close of $49.27, FairStock calculates a P/E of 13.8, P/B of 1.31, EV/EBITDA of 6.05, FCF yield of 4.1%, and a Graham Number of $54.91, leaving about 10.27% margin of safety. ROE is 12.73%, but ROCE is only 5.02%; D/E of 0.69 and Altman Z-score 1.97 remind me this is not a fortress balance sheet. FairStock's Piotroski F-score is 6/9, decent but not pristine. I like the low beta of 0.31 and the fact that FairStock labels it a FAST GROWER—profit 35.3% a year over five years, revenue 12.7%—but the current price already reflects some optimism. It is a reasonably priced small-cap, not a bargain with a huge moat.

In plain English: Flanigan's Enterprises runs full-service restaurants and liquor stores, mostly in South Florida. Sales and profit have grown over the past few years, but earnings can swing from quarter to quarter and the company uses some debt. At $49.27 a share, the price looks a bit below what its profits and assets might justify, though not dramatically cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-27) · fiscal Q2 2026 10-Q (period ended 2026-03-28) · fiscal Q1 2026 10-Q (period ended 2025-12-27) · fiscal Q4 2025 10-K (period ended 2025-09-27) · FY2025 10-K (period ended 2025-09-27) · FY2024 10-K (period ended 2024-09-28) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer