GENK - A Korean BBQ restaurant chain expanding in the USA Message Board

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Microcap & Penny Stocks : GENK - A Korean BBQ restaurant chain expanding in the USA

GENK 3.060

-0.3%

3:59 PM EDT

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From: Elroy	3/7/2025 11:26:16 AM
	of 16

Some quick thoughts on GENK post results. 2024 sales were $208m and 2025 is forecast to be $248m. Market cap today is about $225m, so it's at about 1x sales. Opening two stores in Korea sounds like an interesting plan. If successful, it could be another huge market to attack. However, I would think there is a lot more competition for Korean BBQ restaurant chains in Korea, but I don't know if there is a national chain? Interesting, but hard to evaluate. I don't know what valuation a small growing restaurant chain deserves. Anybody? I know KRUS (rotating sushi chain about two years ahead of GENK in terms of US growth) trades around 2.5x sales. El Pollo Loco also reported yesterday, and it trades at 0.75x sales, but it didn't grow sales year over year. Seems like GENK could go to 1.5x annual sales, and still be reasonably inexpensive relative to peers? That would be about $10. Ok, I'll wait and see what happens for a while.

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