| Company Name: | Darden Restaurants, Inc. | | Ticker Symbol: | DRI | | | WWW Address: | www.darden.com | | CEO: | Clarence Otis, Jr. | | No. of Employees: | 179,000 | | Common Issue Type: | CS | | Business Description: | A publicly held casual dining restaurant company that operates Red Lobster, Olive Garden, Bahamas Breeze, Smokey Bones Barbeque & Grill and Seasons restaurants. The company owns and operates all of the restaurants in the United States and Canada.
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| | | Industry Information: | LEISURE - Restaurants [more like this] |
| | Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 31.11 |  -0.26 | 28.24 | 31.89 | 31.33 | 31.43 | 30.80 | 2784500 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 4,343.0 | 139.6 | 0.95 | 2.65 | 0.80 | 11.3 | 3.2 | 41.21 - 15.77 |
| | KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 31.11 | $ | | PE Ratio - LTM | 11.3 | |
| Market Capitalisation | 4,343.5 | mil |
| Latest Shares Outstanding | 139.6 | mil |
| Earnings pS (EPS) | 2.65 | $ |
| Dividend pS (DPS) | 0.80 | ¢ |
| Dividend Yield | 3.2 | % |
| Dividend Payout Ratio | 30 | % |
| Revenue per Employee | 40,321 | $ |
| Effective Tax Rate | 27.5 | % |
| Float | 138.6 | mil |
| Float as % of Shares Outstanding | 99.3 | % |
| Foreign Sales | 0 | mil |
| Domestic Sales | 0 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 9.30 | % |
| Research & Devlopment (R&D) as % of Revenue | 0.00 | % |
| Gross Profit Margin | 22.3 | % |
| EBITDA Margin | 13.0 | % |
| Pre-Tax Profit Margin | 7.4 | % |
| Assets Turnover | 1.5 | % |
| Return on Assets (ROA) | 7.7 | % |
| Return on Equity (ROE) | 22.9 | % |
| Return on Capital Invested (ROCI) | 11.9 | % |
| Current Ratio | 0.5 | |
| Leverage Ratio (Assets/Equity) | 3.0 | |
| Interest Cover | 6.1 | |
| Total Debt/Equity (Gearing Ratio) | 1.08 | |
| LT Debt/Total Capital | 48.0 | % |
| Working Capital pS | -4.57 | $ |
| Cash pS | 0.57 | $ |
| Book-Value pS | 12.01 | $ |
| Tangible Book-Value pS | 5.04 | $ |
| Cash Flow pS | 4.83 | $ |
| Free Cash Flow pS | 1.33 | $ |
 |
| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 2.59 | |
| Price/Tangible Book Ratio | 6.17 | |
| Price/Cash Flow | 6.4 | |
| Price/Free Cash Flow | 23.4 | |
| P/E as % of Industry Group | 7.0 | % |
| P/E as % of Sector Segment | 41.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 09/29/2009 |
| Dividend Ex-Date | 10/06/2009 |
| Dividend Record Date | 10/08/2009 |
| Dividend Pay Date | 11/01/2009 |
| Dividend Amount | 250 |
| Type of Payment | Cash Payment |
| Dividend Rate | 1.00 |
| Current Dividend Yield | 3.2 |
| 5-Y Average Dividend Yield | 1.3 |
| Payout Ratio | 30.0 |
| 5-Y Average Payout Ratio | 23.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
|
 | | | | | PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | -1.0 | 97 | 20,960 | 64,983 |
| 4 Weeks | 33.40 | 29.94 | 30.31 | 2.6 | 96 | 23,200 | 417,603 |
| 13 Weeks | 37.31 | 29.94 | 33.52 | -7.2 | 86 | 28,658 | 1,776,780 |
| 26 Weeks | 38.10 | 29.94 | 36.17 | -14.0 | 71 | 27,782 | 3,500,484 |
| 52 Weeks | 41.21 | 15.77 | 18.29 | 70.1 | 137 | 31,722 | 7,930,502 |
| YTD | 41.21 | 23.32 | - | 10.4 | 90 | 31,402 | 7,159,563 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 31.48 | 31.92 | 32.82 | 33.58 | 33.36 | 0.95 | 0.93 |
| | | | GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 7.19 | 90.3 | 8.42 |
| Income | 11.36 | 48.8 | 14.14 |
| Dividend | 62.81 | 83.8 | 26.08 |
| Capital Spending | 21.71 | NA | 34.02 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 9.99 | NA | 4.28 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | -2.3 | -2.3 | 8.9 |
| Earnings % | 14.9 | 14.9 | -1.3 |
| EPS % | 15.5 | 15.5 | 1.9 |
| EPS $ | 0.09 | 0.09 | 0.05 |
| | | | SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | -10.77 |
| Current Ratio | 0.5 |
| Quick Ratio (Acid Test) | 0.1 |
| Liquidity Ratio (Cash) | 0.06 |
| Receivables Turnover | 135.4 |
| Average Collection Period | 3 |
| Working Capital/Equity | -33.7 |
| Working Capital pS | -3.89 |
| Cash-Flow pS | 4.73 |
| Free Cash-Flow pS | 0.98 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 2.57 |
| Financial Leverage Ratio (Assets/Equity) | 3.1 |
| Debt Ratio | 68.0 |
| Total Debt/Equity (Gearing Ratio) | 1.15 |
| LT Debt/Equity | 1.05 |
| LT Debt/Capital Invested | 70.5 |
| LT Debt/Total Liabilities | 49.5 |
| Interest Cover | 5.8 |
| Interest/Capital Invested | 2.73 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 45.20 |
| Tobin's Q Ratio | 0.86 |
| Current P/E Ratio - LTM | 11.30 |
| Enterprise Value (EV)/EBITDA | 8.38 |
| Enterprise Value (EV)/Free Cash Flow | 83.99 |
| Dividend Yield | 3.2 |
| Price/Tangible Book Ratio - LTM | 6.17 |
| Price/Book Ratio - LTM | 2.59 |
| Price/Cash Flow Ratio | 6.4 |
| Price/Free Cash Flow Ratio - LTM | 23.4 |
| Price/Sales Ratio | 0.61 |
| P/E Ratio (1 month ago) - LTM | 11.4 |
| P/E Ratio (26 weeks ago) - LTM | 14.5 |
| P/E Ratio (52 weeks ago) - LTM | 7.4 |
| 5-Y High P/E Ratio | 34.5 |
| 5-Y Low P/E Ratio | 5.0 |
| 5-Y Average P/E Ratio | 19.0 |
| Current P/E Ratio as % of 5-Y Average P/E | 59 |
| P/E as % of Industry Group | 7.0 |
| P/E as % of Sector Segment | 41.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 11.0 |
| PER SHARE FIGURES |
| LT Debt pS | 12.14 |
| Current Liabilities pS | 7.87 |
| Tangible Book Value pS - LTM | 5.04 |
| Book Value pS - LTM | 12.01 |
| Capital Invested pS | 23.62 |
| Cash pS - LTM | 0.57 |
| Cash Flow pS - LTM | 4.83 |
| Free Cash Flow pS - LTM | 1.33 |
| Earnings pS (EPS) | 2.65 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 1.90 |
| Free Cash Flow Margin 5YEAR AVG | 0.11 |
| Net Profit Margin | 5.2 |
| Net Profit Margin - 5YEAR AVRG. | 5.2 |
| Equity Productivity | 4.49 |
| Return on Equity (ROE) | 23.2 |
| Return on Equity (ROE) - 5YEAR AVRG. | 23.9 |
| Capital Invested Productivity | 2.19 |
| Return on Capital Invested (ROCI) | 11.3 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 13.9 |
| Assets Productivity | 1.50 |
| Return on Assets (ROA) | 7.4 |
| Return on Assets (ROA) - 5YEAR AVRG. | 8.5 |
| Gross Profit Margin | 22.3 |
| Gross Profit Margin - 5YEAR AVRG. | 22.6 |
| EBITDA Margin - LTM | 13.0 |
| EBIT Margin - LTM | 8.8 |
| Pre-Tax Profit Margin | 7.1 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 8.1 |
| Effective Tax Rate | 27.5 |
| Effective Tax Rate - 5YEAR AVRG. | 29.2 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 17 |
| Revenue per Employee | 40,321 |
| Net Income per Employee | 2,079 |
| Average Collection Period | 2 |
| Receivables Turnover | 135.4 |
| Day's Inventory Turnover Ratio | 15 |
| Inventory Turnover | 24.3 |
| Inventory/Sales | 3.4 |
| Accounts Payble/Sales | 3.28 |
| Assets/Revenue | 0.67 |
| Net Working Capital Turnover | -13.33 |
| Fixed Assets Turnover | 1.61 |
| Total Assets Turnover | 1.5 |
| Revenue per $ Cash | 114.75 |
| Revenue per $ Plant | 2.18 |
| Revenue per $ Common Equity | 4.49 |
| Revenue per $ Capital Invested | 2.19 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 9.2 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 9.5 |
| Research & Devlopment (R&D) as % of Revenue | 0.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 0.0 |
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