First Watch Restaurant Group, Inc.

FWRG

FWRGFirst Watch Restaurant Group, Inc. US flag

NASDAQ Global Select

12.34

USD

-0.08

- -

760.70MMarket Cap

Profitability (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-4.99	-0.21	0.64	2.14	1.36	1.19
Return on Capital (%)	- -	- -	-25.76	2.51	6.58	4.25	- -
Return on Invested Capital (%)	- -	- -	-12.58	1.11	2.91	2.19	- -
Gross Margin (%)	20.03	8.73	20.66	19.11	21.32	20.97	19.18
EBITDA Margin (%)	5.91	-4.8	8.96	7.47	9.76	9.82	8.63
Operating Margin (%)	-0.52	-13.78	3.57	2.79	5.13	4.14	2.49
Incremental Operating Margin (%)	- -	- -	26.52	-0.87	15.76	-3.02	-5.58
Pretax Margin (%)	-13.27	-20.31	0.06	1.72	4.05	2.76	0.99
Profit Margin (%)	-10.41	-14.51	-0.35	0.95	2.85	1.86	1.59
Net Income to Common Margin (%)	-10.41	-14.51	-0.35	0.95	2.85	1.86	1.59
Effective Tax Rate (%)	- -	- -	669.46	45.14	29.63	32.47	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	576	638	474	507	607	810	1,009
ST Debt	30	44	44	47	46	65	88
LT Debt	546	594	430	461	561	745	920
Total Debt/EBITDA	22.36	-38.8	8.8	9.3	6.98	8.12	9.56
Net Debt/EBITDA	9.4	-15.28	0.99	0.96	0.87	1.65	2.48
Total Debt/EBIT	-256.08	-13.52	22.08	24.94	13.26	19.27	33.08
Net Debt/EBIT	-107.62	-5.32	2.49	2.59	1.66	3.93	8.56
EBITDA to Interest Expense	1.28	-0.72	2.68	10.43	10.79	7.89	6.32
EBITDA-CapEx/Interest Expense	1.28	-0.73	2.66	10.22	10.77	7.88	6.27
EBIT to Interest Expense	-0.11	-2.07	1.07	3.89	5.68	3.32	1.83
Interest Expense	20	23	20	5	8	13	17
Common Equity/Total Assets	-5.38	-10.17	-9.98	-8.83	-5.69	-3.51	-1.94
Long-Term Debt/Equity (%)	165.57	185.19	85.29	88.08	99.96	125.06	146.95
Long-Term Debt/Capital (%)	104.28	110.98	116.43	112.44	104.91	98.45	94.4
Long-Term Debt/Total Assets (%)	55.6	58.98	41.1	41.72	44.28	49.17	52.83
Total Debt/Equity (%)	174.79	198.81	93.96	96.98	108.14	135.97	161.06
Total Debt/Capital (%)	110.08	119.14	128.27	123.8	113.49	107.04	103.46
Total Debt/Total Assets (%)	58.7	63.31	45.27	45.94	47.9	53.46	57.9
Net Debt to Equity	73.45	78.27	10.59	10.06	13.5	27.71	41.7
Net Debt/Capital (%)	47.27	50.57	16.82	14.61	15.62	22.82	27.38
EBITDA	26	-16	54	55	87	100	106
EBITDA-CapEx	26	-17	53	53	87	100	105
Operating Income (Loss)	-2	-47	21	20	46	42	30

Liquidity (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.15	0.51	0.54	0.5	0.43	0.24	0.13
Current Ratio	0.33	0.64	0.7	0.67	0.62	0.4	0.29
Quick Ratio	0.23	0.56	0.58	0.56	0.48	0.29	0.17
CFO/Avg Current Liab	- -	-0.25	0.73	0.64	0.89	0.91	0.82
Common Equity/Total Assets	-5.38	-10.17	-9.98	-8.83	-5.69	-3.51	-1.94
Long-Term Debt/Equity (%)	165.57	185.19	85.29	88.08	99.96	125.06	146.95
Long-Term Debt/Capital (%)	104.28	110.98	116.43	112.44	104.91	98.45	94.4
Long-Term Debt/Total Assets (%)	55.6	58.98	41.1	41.72	44.28	49.17	52.83
Total Debt/Equity (%)	174.79	198.81	93.96	96.98	108.14	135.97	161.06
Total Debt/Capital (%)	110.08	119.14	128.27	123.8	113.49	107.04	103.46
Total Debt/Total Assets (%)	58.7	63.31	45.27	45.94	47.9	53.46	57.9
CFO/Total Liabilities	3.29	-2.67	11.61	10.83	13.51	12.59	11.28
CFO/CapEx	- -	-81.62	169.73	56.65	592.16	1,156.73	148.13
Altman's Z-Score	0.6	0.02	1.77	1.83	2.19	1.77	1.48

Working Capital (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	287.48	300.67	329.64	356.69	377.59	452.19
Days Sales Outstanding	- -	1.27	1.21	1.11	1.02	0.97	0.81
Inventory Turnover	- -	111.09	137.49	130.51	134.77	139.66	148.68
Days Inventory Outstanding	- -	3.29	2.65	2.8	2.71	2.61	2.45
Accounts Payable Turnover	- -	67.21	62.57	63.45	100.87	120.98	126.31
Accounts Payable Turnover Days	- -	5.43	5.83	5.75	3.62	3.02	2.89
Cash Conversion Cycle	- -	-0.88	-1.96	-1.85	0.11	0.56	0.37
Inventory to Cash Days	- -	-2.02	-1.44	-1.69	-1.68	-1.65	-1.65
Inventories	3	3	4	5	5	6	7
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	3	3	4	5	5	6	7

Enterprise Value (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	808	800	1,197	1,123	919
- Cash & Cash Equivalents	11	39	52	50	50	33	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	576	638	474	507	607	810	1,009
Enterprise Value	565	599	1,230	1,257	1,754	1,900	1,907
Total Capital	524	535	370	410	535	756	975
Total Debt/Capital (%)	110.08	119.14	128.27	123.8	113.49	107.04	103.46
Total Debt / EV	1.02	1.06	0.39	0.4	0.35	0.43	0.53
EV/Sales	1.3	1.75	2.05	1.72	1.97	1.87	1.56
EV/EBITDA	21.93	- -	22.85	23.04	20.16	19.05	18.07
EV/EBIT	- -	- -	57.3	61.79	38.32	45.21	62.53
EV/Cash Flow to Firm	15.18	- -	- -	19.11	17.36	15.29	12.49
EV/Free Cash Flow to Firm	15.18	- -	- -	18.79	17.34	15.28	12.42
Diluted Market Cap	- -	- -	808	814	1,230	1,160	948
Diluted Enterprise Value	565	599	1,230	1,271	1,787	1,937	1,935
EV per Share	9.81	10.4	25.51	21.27	29.46	31.47	31.28
TTM Sales	436	342	601	730	892	1,016	1,223
TTM EBITDA	26	-16	54	55	87	100	106
TTM Operating Income	-2	-47	21	20	46	42	30
TTM Cash Flow to Firm	37	-2	-51	66	101	124	153
TTM Free Cash Flow to Firm	37	-2	-51	67	101	124	154

Multiples (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	12.76	12.7	12.88	10.02	7.48
EV/EBIT	- -	- -	57.3	61.79	38.32	45.21	62.53
Enterprise Value	565	599	1,230	1,257	1,754	1,900	1,907
Low Price	- -	- -	14.9	11.57	13.32	12.9	12.9
EV/Sales	1.3	1.75	2.05	1.72	1.97	1.87	1.56
EV/EBITDA	21.93	- -	22.85	23.04	20.16	19.05	18.07
Price/Earnings	- -	- -	- -	115.77	47.14	59.36	47.31
Price/Earnings Average	- -	- -	-455.89	127.21	40.28	61.34	55.09
Price/Earnings High	- -	- -	-582.6	162.14	49.13	82.87	71.25
Price/Earnings Low	- -	- -	-340.95	98.99	31.24	41.15	40.47
Price/Book Value	- -	- -	-7.74	-8.2	-16.59	-21.11	-27.22
Price/Book Value Average	- -	- -	-9.2	-9.01	-14.17	-21.81	-31.69
Price/Book Value High	- -	- -	-11.75	-11.48	-17.29	-29.47	-40.99
Price/Book Value Low	- -	- -	-6.88	-7.01	-10.99	-14.63	-23.28
Price/Tangible Book Value	- -	- -	49.85	23	23.83	38.44	29.5
Price/Tangible Book Value Average	- -	- -	59.26	25.27	20.36	39.72	34.35
Price/Tangible Book Value High	- -	- -	75.73	32.21	24.84	53.66	44.43
Price/Tangible Book Value Low	- -	- -	44.32	19.67	15.79	26.64	25.24
Price/Sales	- -	- -	1.34	1.1	1.34	1.11	0.75
Price/Sales Average	- -	- -	1.6	1.2	1.15	1.14	0.88
Price/Sales High	- -	- -	2.04	1.53	1.4	1.54	1.13
Price/Sales Low	- -	- -	1.19	0.94	0.89	0.77	0.64
Price/Cash Flow	- -	- -	12.83	12.7	12.55	9.71	7.3
Price/Cash Flow Average	- -	- -	15.25	13.96	10.73	10.04	8.5
Price/Cash Flow High	- -	- -	19.49	17.79	13.08	13.56	11
Price/Cash Flow Low	- -	- -	11.41	10.86	8.32	6.73	6.25
Price/Free Cash Flow Average	- -	- -	15.16	13.96	11.01	10.36	8.71
Price/Free Cash Flow High	- -	- -	19.38	17.79	13.42	13.99	11.26
Price/Free Cash Flow Low	- -	- -	11.34	10.86	8.53	6.95	6.4
EV/Sales Average	1.3	1.75	2.3	1.83	1.77	1.91	1.68
EV/Sales High	1.3	1.75	2.74	2.16	2.02	2.31	1.94
EV/Sales Low	1.3	1.75	1.9	1.56	1.51	1.53	1.45
EV/EBITDA Average	21.93	-36.44	25.68	24.49	18.16	19.42	19.51
EV/EBITDA High	21.93	-36.44	30.64	28.91	20.74	23.51	22.48
EV/EBITDA Low	21.93	-36.44	21.18	20.91	15.52	15.59	16.81
EV/EBIT Average	-251.14	-12.7	64.41	65.68	34.52	46.1	67.49
EV/EBIT High	-251.14	-12.7	76.84	77.54	39.42	55.8	77.79
EV/EBIT Low	-251.14	-12.7	53.13	56.1	29.5	37.01	58.17
Last Price	- -	- -	16.76	13.53	20.1	18.61	15.08
High Price	- -	- -	25.46	18.95	20.95	25.98	22.71
Enterprise Value Average	565	599	1,383	1,336	1,580	1,937	2,058
Enterprise Value High	565	599	1,650	1,578	1,805	2,345	2,372
Enterprise Value Low	565	599	1,140	1,141	1,350	1,555	1,774

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-4.99	-0.21	0.64	2.14	1.36	1.19
Return on Capital (%)	- -	- -	-25.76	2.51	6.58	4.25	- -
Return on Invested Capital (%)	- -	- -	-12.58	1.11	2.91	2.19	- -
Gross Margin (%)	20.03	8.73	20.66	19.11	21.32	20.97	19.18
EBITDA Margin (%)	5.91	-4.8	8.96	7.47	9.76	9.82	8.63
Operating Margin (%)	-0.52	-13.78	3.57	2.79	5.13	4.14	2.49
Incremental Operating Margin (%)	- -	- -	26.52	-0.87	15.76	-3.02	-5.58
Pretax Margin (%)	-13.27	-20.31	0.06	1.72	4.05	2.76	0.99
Profit Margin (%)	-10.41	-14.51	-0.35	0.95	2.85	1.86	1.59
Net Income to Common Margin (%)	-10.41	-14.51	-0.35	0.95	2.85	1.86	1.59
Effective Tax Rate (%)	- -	- -	669.46	45.14	29.63	32.47	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	576	638	474	507	607	810	1,009
ST Debt	30	44	44	47	46	65	88
LT Debt	546	594	430	461	561	745	920
Total Debt/EBITDA	22.36	-38.8	8.8	9.3	6.98	8.12	9.56
Net Debt/EBITDA	9.4	-15.28	0.99	0.96	0.87	1.65	2.48
Total Debt/EBIT	-256.08	-13.52	22.08	24.94	13.26	19.27	33.08
Net Debt/EBIT	-107.62	-5.32	2.49	2.59	1.66	3.93	8.56
EBITDA to Interest Expense	1.28	-0.72	2.68	10.43	10.79	7.89	6.32
EBITDA-CapEx/Interest Expense	1.28	-0.73	2.66	10.22	10.77	7.88	6.27
EBIT to Interest Expense	-0.11	-2.07	1.07	3.89	5.68	3.32	1.83
Interest Expense	20	23	20	5	8	13	17
Common Equity/Total Assets	-5.38	-10.17	-9.98	-8.83	-5.69	-3.51	-1.94
Long-Term Debt/Equity (%)	165.57	185.19	85.29	88.08	99.96	125.06	146.95
Long-Term Debt/Capital (%)	104.28	110.98	116.43	112.44	104.91	98.45	94.4
Long-Term Debt/Total Assets (%)	55.6	58.98	41.1	41.72	44.28	49.17	52.83
Total Debt/Equity (%)	174.79	198.81	93.96	96.98	108.14	135.97	161.06
Total Debt/Capital (%)	110.08	119.14	128.27	123.8	113.49	107.04	103.46
Total Debt/Total Assets (%)	58.7	63.31	45.27	45.94	47.9	53.46	57.9
Net Debt to Equity	73.45	78.27	10.59	10.06	13.5	27.71	41.7
Net Debt/Capital (%)	47.27	50.57	16.82	14.61	15.62	22.82	27.38
EBITDA	26	-16	54	55	87	100	106
EBITDA-CapEx	26	-17	53	53	87	100	105
Operating Income (Loss)	-2	-47	21	20	46	42	30

Liquidity (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.15	0.51	0.54	0.5	0.43	0.24	0.13
Current Ratio	0.33	0.64	0.7	0.67	0.62	0.4	0.29
Quick Ratio	0.23	0.56	0.58	0.56	0.48	0.29	0.17
CFO/Avg Current Liab	- -	-0.25	0.73	0.64	0.89	0.91	0.82
Common Equity/Total Assets	-5.38	-10.17	-9.98	-8.83	-5.69	-3.51	-1.94
Long-Term Debt/Equity (%)	165.57	185.19	85.29	88.08	99.96	125.06	146.95
Long-Term Debt/Capital (%)	104.28	110.98	116.43	112.44	104.91	98.45	94.4
Long-Term Debt/Total Assets (%)	55.6	58.98	41.1	41.72	44.28	49.17	52.83
Total Debt/Equity (%)	174.79	198.81	93.96	96.98	108.14	135.97	161.06
Total Debt/Capital (%)	110.08	119.14	128.27	123.8	113.49	107.04	103.46
Total Debt/Total Assets (%)	58.7	63.31	45.27	45.94	47.9	53.46	57.9
CFO/Total Liabilities	3.29	-2.67	11.61	10.83	13.51	12.59	11.28
CFO/CapEx	- -	-81.62	169.73	56.65	592.16	1,156.73	148.13
Altman's Z-Score	0.6	0.02	1.77	1.83	2.19	1.77	1.48

Working Capital (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	287.48	300.67	329.64	356.69	377.59	452.19
Days Sales Outstanding	- -	1.27	1.21	1.11	1.02	0.97	0.81
Inventory Turnover	- -	111.09	137.49	130.51	134.77	139.66	148.68
Days Inventory Outstanding	- -	3.29	2.65	2.8	2.71	2.61	2.45
Accounts Payable Turnover	- -	67.21	62.57	63.45	100.87	120.98	126.31
Accounts Payable Turnover Days	- -	5.43	5.83	5.75	3.62	3.02	2.89
Cash Conversion Cycle	- -	-0.88	-1.96	-1.85	0.11	0.56	0.37
Inventory to Cash Days	- -	-2.02	-1.44	-1.69	-1.68	-1.65	-1.65
Inventories	3	3	4	5	5	6	7
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	3	3	4	5	5	6	7

Enterprise Value (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	808	800	1,197	1,123	919
- Cash & Cash Equivalents	11	39	52	50	50	33	21
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	576	638	474	507	607	810	1,009
Enterprise Value	565	599	1,230	1,257	1,754	1,900	1,907
Total Capital	524	535	370	410	535	756	975
Total Debt/Capital (%)	110.08	119.14	128.27	123.8	113.49	107.04	103.46
Total Debt / EV	1.02	1.06	0.39	0.4	0.35	0.43	0.53
EV/Sales	1.3	1.75	2.05	1.72	1.97	1.87	1.56
EV/EBITDA	21.93	- -	22.85	23.04	20.16	19.05	18.07
EV/EBIT	- -	- -	57.3	61.79	38.32	45.21	62.53
EV/Cash Flow to Firm	15.18	- -	- -	19.11	17.36	15.29	12.49
EV/Free Cash Flow to Firm	15.18	- -	- -	18.79	17.34	15.28	12.42
Diluted Market Cap	- -	- -	808	814	1,230	1,160	948
Diluted Enterprise Value	565	599	1,230	1,271	1,787	1,937	1,935
EV per Share	9.81	10.4	25.51	21.27	29.46	31.47	31.28
TTM Sales	436	342	601	730	892	1,016	1,223
TTM EBITDA	26	-16	54	55	87	100	106
TTM Operating Income	-2	-47	21	20	46	42	30
TTM Cash Flow to Firm	37	-2	-51	66	101	124	153
TTM Free Cash Flow to Firm	37	-2	-51	67	101	124	154

Multiples (USD)

API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	12.76	12.7	12.88	10.02	7.48
EV/EBIT	- -	- -	57.3	61.79	38.32	45.21	62.53
Enterprise Value	565	599	1,230	1,257	1,754	1,900	1,907
Low Price	- -	- -	14.9	11.57	13.32	12.9	12.9
EV/Sales	1.3	1.75	2.05	1.72	1.97	1.87	1.56
EV/EBITDA	21.93	- -	22.85	23.04	20.16	19.05	18.07
Price/Earnings	- -	- -	- -	115.77	47.14	59.36	47.31
Price/Earnings Average	- -	- -	-455.89	127.21	40.28	61.34	55.09
Price/Earnings High	- -	- -	-582.6	162.14	49.13	82.87	71.25
Price/Earnings Low	- -	- -	-340.95	98.99	31.24	41.15	40.47
Price/Book Value	- -	- -	-7.74	-8.2	-16.59	-21.11	-27.22
Price/Book Value Average	- -	- -	-9.2	-9.01	-14.17	-21.81	-31.69
Price/Book Value High	- -	- -	-11.75	-11.48	-17.29	-29.47	-40.99
Price/Book Value Low	- -	- -	-6.88	-7.01	-10.99	-14.63	-23.28
Price/Tangible Book Value	- -	- -	49.85	23	23.83	38.44	29.5
Price/Tangible Book Value Average	- -	- -	59.26	25.27	20.36	39.72	34.35
Price/Tangible Book Value High	- -	- -	75.73	32.21	24.84	53.66	44.43
Price/Tangible Book Value Low	- -	- -	44.32	19.67	15.79	26.64	25.24
Price/Sales	- -	- -	1.34	1.1	1.34	1.11	0.75
Price/Sales Average	- -	- -	1.6	1.2	1.15	1.14	0.88
Price/Sales High	- -	- -	2.04	1.53	1.4	1.54	1.13
Price/Sales Low	- -	- -	1.19	0.94	0.89	0.77	0.64
Price/Cash Flow	- -	- -	12.83	12.7	12.55	9.71	7.3
Price/Cash Flow Average	- -	- -	15.25	13.96	10.73	10.04	8.5
Price/Cash Flow High	- -	- -	19.49	17.79	13.08	13.56	11
Price/Cash Flow Low	- -	- -	11.41	10.86	8.32	6.73	6.25
Price/Free Cash Flow Average	- -	- -	15.16	13.96	11.01	10.36	8.71
Price/Free Cash Flow High	- -	- -	19.38	17.79	13.42	13.99	11.26
Price/Free Cash Flow Low	- -	- -	11.34	10.86	8.53	6.95	6.4
EV/Sales Average	1.3	1.75	2.3	1.83	1.77	1.91	1.68
EV/Sales High	1.3	1.75	2.74	2.16	2.02	2.31	1.94
EV/Sales Low	1.3	1.75	1.9	1.56	1.51	1.53	1.45
EV/EBITDA Average	21.93	-36.44	25.68	24.49	18.16	19.42	19.51
EV/EBITDA High	21.93	-36.44	30.64	28.91	20.74	23.51	22.48
EV/EBITDA Low	21.93	-36.44	21.18	20.91	15.52	15.59	16.81
EV/EBIT Average	-251.14	-12.7	64.41	65.68	34.52	46.1	67.49
EV/EBIT High	-251.14	-12.7	76.84	77.54	39.42	55.8	77.79
EV/EBIT Low	-251.14	-12.7	53.13	56.1	29.5	37.01	58.17
Last Price	- -	- -	16.76	13.53	20.1	18.61	15.08
High Price	- -	- -	25.46	18.95	20.95	25.98	22.71
Enterprise Value Average	565	599	1,383	1,336	1,580	1,937	2,058
Enterprise Value High	565	599	1,650	1,578	1,805	2,345	2,372
Enterprise Value Low	565	599	1,140	1,141	1,350	1,555	1,774

Shares Outstanding	58	58	59	59	60	61	61
Diluted Weighted Avg Shares	59	59	48	60	61	62	63
Basic Weighted Avg Shares	58	58	48	59	60	60	61
Revenue per Share	7.57	5.94	12.47	12.36	14.98	16.83	20.05
EBITDA per Share	0.45	-0.29	1.12	0.92	1.46	1.65	1.73
Operating Income per Share	-0.04	-0.82	0.45	0.34	0.77	0.7	0.5
Basic EPS, GAAP	-0.79	-0.86	-0.04	0.12	0.43	0.31	0.32
Basic EPS from Cont Ops	-0.79	-0.86	-0.04	0.12	0.43	0.31	0.32
Diluted EPS, GAAP	-0.78	-0.85	-0.04	0.11	0.41	0.3	0.31
Diluted EPS from Cont Ops	-0.78	-0.85	-0.04	0.11	0.41	0.3	0.31
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.37	-0.32	1.31	1.06	1.6	1.92	2.07
Free Cash Flow per Basic Share	0.37	-0.32	1.3	1.05	1.6	1.91	2.05
Cash & Equivalents per Share	0.19	0.67	1.08	0.84	0.83	0.55	0.35
Book Value per Share	-0.92	-1.78	-2.17	-1.65	-1.21	-0.88	-0.55
Tangible Book Value per Share	-2.78	-2.92	0.34	0.59	0.84	0.48	0.51

First Watch Restaurant Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)