Shake Shack
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

20252025202620272028
Price/Earnings ratio
105.56172.7879.145039.39
Price/Sales ratio
2.832.832.492.191.95
Earnings per Share (EPS)
$0.98$0.60$1.31$2.08$2.64

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
243.37-61.4767.93-506.5580.5594.88-69.19-271.01-64.29147.72-93.1994.88
Price/Sales ratio
4.342.833.143.192.663.166.023.701.852.752.493.16
Price/Book Value ratio
40.913.434.195.114.475.847.736.294.226.755.684.47
Price/Cash Flow ratio
37.9413.0715.5716.1814.3120.9384.3546.9221.7522.6529.2514.31
Price/Free Cash Flow ratio
-34.5259.02-5.71K122.77-574.08-112.99-99.43-63.58-25.36-213.39-34.11-574.08
Price/Earnings Growth ratio
-2.540.13-0.374.35-0.115.690.233.43-0.41-0.830.68-0.11
Dividend Yield
5.25%2.06%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
45.80%48.14%48.11%47.02%45.96%44.66%40.68%41.42%42.37%36.63%70.95%45.96%
Operating Profit Margin
2.65%3.54%10.35%9.42%6.90%4.32%-6.60%-1.90%-2.25%0.54%-2.98%4.32%
Pretax Profit Margin
2.34%3.37%10.61%44.67%6.70%4.62%-8.69%-2.34%-2.69%1.56%-2.69%4.62%
Net Profit Margin
1.78%-4.60%4.63%-0.63%3.30%3.33%-8.70%-1.36%-2.88%1.86%-2.67%3.33%
Effective Tax Rate
23.81%51.40%22.28%95.67%28.76%12.30%-0.12%41.67%-6.92%-23.61%-6.92%12.30%
Return on Assets
2.55%-2.31%2.31%-0.48%2.48%2.04%-3.97%-0.69%-1.73%1.26%-1.61%2.04%
Return On Equity
16.80%-5.58%6.18%-1.00%5.55%6.15%-11.17%-2.32%-6.57%4.56%-6.01%6.15%
Return on Capital Employed
9.03%1.89%5.48%7.74%5.75%2.95%-3.33%-1.05%-1.51%0.41%-1.99%2.95%
Liquidity Ratios
Current Ratio
0.163.282.642.731.680.881.85N/AN/AN/A2.321.68
Quick Ratio
0.153.262.622.701.650.851.823.342.302.002.201.65
Cash ratio
0.052.950.360.630.410.371.332.481.561.361.560.41
Days of Sales Outstanding
10.098.073.913.518.366.126.606.734.955.655.626.12
Days of Inventory outstanding
3.002.002.112.412.572.463.393.242.942.865.832.57
Operating Cycle
13.1010.086.025.9310.938.5810.009.977.898.517.228.58
Days of Payables Outstanding
36.5925.0618.1315.7618.3315.8627.6416.7914.3511.7928.4718.33
Cash Conversion Cycle
-23.49-14.98-12.11-9.83-7.40-7.28-17.63-6.82-6.45-3.28-21.41-7.28
Debt Ratios
Debt Ratio
0.380.00N/AN/AN/AN/AN/A0.160.160.150.71N/A
Debt Equity Ratio
2.560.00N/AN/AN/AN/AN/A0.550.610.552.72N/A
Long-term Debt to Capitalization
0.020.00N/AN/AN/AN/AN/A0.350.380.350.62N/A
Total Debt to Capitalization
0.710.00N/AN/AN/AN/AN/A0.350.380.350.64N/A
Interest Coverage Ratio
N/AN/A74.3420.5813.1359.18-41.38N/AN/AN/A-17.7159.18
Cash Flow to Debt Ratio
0.42131.81N/AN/AN/AN/AN/A0.230.310.530.10N/A
Company Equity Multiplier
6.582.412.672.092.233.002.813.343.783.623.782.23
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.110.210.200.190.180.150.070.070.080.120.080.15
Free Cash Flow / Operating Cash Flow Ratio
-1.090.22-0.000.13-0.02-0.18-0.84-0.73-0.85-0.10-0.85-0.18
Cash Flow Coverage Ratio
0.42131.81N/AN/AN/AN/AN/A0.230.310.530.10N/A
Short Term Coverage Ratio
0.42N/AN/AN/AN/AN/AN/AN/AN/AN/A1.81N/A
Dividend Payout Ratio
1278.09%-126.76%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A