Noble Roman's (NROM) AI Stock Analysis

• Market Cap: $3.78M
• Dividend Yield: N/A
• Average Volume (3M): 16.55K
• Price to Earnings (P/E): 11.7
• Beta (1Y): 0.01
• Revenue Growth: 6.05%
• EPS Growth: 37.10%
• Country: US
• Employees: 36
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): <0.01
• Shares Outstanding: 22,215,511
• 10 Day Avg. Volume: 32,600
• 30 Day Avg. Volume: 16,555
• PEG Ratio: 24.32
• Price to Book (P/B): 3.49
• Price to Sales (P/S): 0.51
• P/FCF Ratio: 9.56
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $0.30 ▲(9.26% Upside)

Noble Roman's overall score is driven by strong financial performance and positive earnings call highlights, despite high leverage and market challenges. Technical indicators suggest bullish momentum, but valuation concerns and external risks temper the outlook.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Franchise Expansion

Expanding franchise units increases market presence and revenue potential with lower capital risk, supporting sustainable growth.

Improved Margins

Improved margins reflect operational efficiency and cost management, enhancing profitability and competitive positioning.

Negative Factors

High Leverage

High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to invest in growth.

Low Net Profitability

Low net profitability can hinder reinvestment and growth, affecting long-term financial health and shareholder returns.

Consumer Sentiment Decline

A decline in consumer sentiment can reduce sales and revenue growth, posing challenges to maintaining market share and profitability.

Noble Roman's Business Overview & Revenue Model

Company Description

Noble Roman's, Inc. sells and services franchises, and licenses and operates foodservice locations for stand-alone restaurants and non-traditional foodservice operations. The company franchises, licenses, and operates foodservice locations under the Noble Roman's Craft Pizza & Pub, Noble Roman's Pizza, Noble Roman's Take-N-Bake, and Tuscano's Italian Style Subs trade names, which provide breadsticks and cheesy stix with dip, pizza, pasta, salads, wings, baked sandwiches, and other related breakfast products, as well as a selection of desserts. As of December 31, 2021, it operated 3,069 franchised/licensed outlets. Noble Roman's, Inc. was incorporated in 1972 and is headquartered in Indianapolis, Indiana.

How the Company Makes Money

Noble Roman's generates revenue through multiple channels. The primary revenue streams include sales from company-owned restaurants, franchise fees, and royalties from franchisees. The company earns significant income from selling food products to retail outlets, leveraging its brand recognition in the frozen food segment. Additionally, partnerships with grocery chains and distributors extend its market reach. Noble Roman's franchise model allows the company to expand its footprint with lower capital risk, as franchisees invest in setting up the restaurants while paying ongoing royalties based on sales. The combination of direct sales, franchising, and retail distribution creates a diversified revenue model that contributes to the overall financial health of the company.

Noble Roman's Financial Statement Overview

Summary

Noble Roman's demonstrates strong revenue growth and improved cash flow generation, which are positive indicators for future performance. However, the company faces challenges with high leverage and low net profitability, which could impact financial stability. Continued focus on improving margins and reducing debt will be crucial for enhancing financial health.

Income Statement

Noble Roman's shows a strong revenue growth rate of 15.3% TTM, indicating a positive trajectory in sales. The gross profit margin is healthy at 29.9%, though it has decreased from previous years. The net profit margin is low at 1.4%, suggesting limited profitability. The EBIT and EBITDA margins are moderate, reflecting operational efficiency but also indicating room for improvement in cost management.

Balance Sheet

The company's debt-to-equity ratio is high at 4.78, indicating significant leverage and potential financial risk. Return on equity is modest at 9.4%, showing some profitability but not optimal given the high leverage. The equity ratio is low, suggesting a reliance on debt financing, which could pose risks if market conditions change.

Cash Flow

Free cash flow has grown significantly by 115.6% TTM, indicating improved cash generation. However, the operating cash flow to net income ratio is low at 0.16, suggesting that cash generation from operations is not fully aligned with reported earnings. The free cash flow to net income ratio is strong at 0.82, reflecting efficient cash management relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.42M	15.15M	14.37M	14.45M	13.88M	11.54M
Gross Profit	4.73M	4.65M	5.54M	3.05M	4.38M	4.41M
EBITDA	2.72M	1.98M	3.58M	1.37M	3.07M	-1.15M
Net Income	527.96K	-3.17K	1.46M	-1.06M	509.46K	-5.38M
Balance Sheet
Total Assets	16.23M	16.77M	18.48M	18.34M	19.38M	18.42M
Cash, Cash Equivalents and Short-Term Investments	635.63K	710.23K	872.34K	785.52K	1.26M	1.19M
Total Debt	10.71M	11.57M	12.89M	14.86M	14.72M	14.32M
Total Liabilities	13.49M	14.55M	16.29M	16.48M	16.48M	16.06M
Stockholders Equity	2.74M	2.22M	2.19M	1.87M	2.89M	2.36M
Cash Flow
Free Cash Flow	872.22K	808.66K	1.57M	-477.99K	69.15K	-408.96K
Operating Cash Flow	979.64K	896.97K	1.57M	29.58K	1.52M	1.68M
Investing Cash Flow	-107.42K	-88.30K	13.82K	-507.57K	-1.45M	-2.08M
Financing Cash Flow	-954.29K	-887.41K	-1.50M	0.00	1.39B	1.39M

Noble Roman's Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NROM, the sentiment is Positive. The current price of 0.27 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.18, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 75.84 is Negative, neither overbought nor oversold. The STOCH value of 81.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NROM.

Noble Roman's Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RAVE	76 Outperform	$33.11M	12.52	20.05%	―	0.35%	9.25%
NROM	68 Neutral	$3.78M	11.72	―	―	6.05%	37.10%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GTIM	51 Neutral	$14.14M	11.44	3.85%	―	1.84%	12.10%
BTBD	48 Neutral	$9.27M	―	-11.53%	―	-4.16%	29.52%
ARKR	47 Neutral	$25.33M	-1.81	-33.50%	―	-6.89%	-42.75%
FAT	39 Underperform	$32.02M	-0.14	―	561.34%	-5.26%	-44.78%

Noble Roman's Corporate Events

Noble Roman’s Board Changes Amid Shareholder Meeting Issues

On September 16, 2025, Marcel Herbst resigned from his position as a Class I Director on the Board of Noble Roman’s, Inc., a company involved in the food service industry. His resignation was not due to any conflict with the Board or the company. Jeffrey D. Roberts, a founding partner of a law firm in Carmel, Indiana, was appointed to fill the vacancy. On the same day, the company’s 2025 Annual Meeting of Shareholders was held, but it was adjourned without any votes being taken due to the lack of a quorum, as only 8,665,422 votes were represented out of the required 11,107,757.