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Todd Graves worth $7.6 Billion - According to Bloomberg
Posted on 11/16/23 at 3:41 pm
Posted on 11/16/23 at 3:41 pm
quote:
Graves, 51, maintains an ownership interest of almost 90% in the closely held business, bond offering documents reviewed by Bloomberg show. That stake, along with dividends he’s received, are worth $7.6 billion, according to the Bloomberg Billionaires Index, making him the richest person in Louisiana and the 307th-wealthiest in the world.
quote:
Raising Cane’s is a growing player in the popular chicken category, a competitive market featuring brands like McDonald’s Corp., Restaurant Brands International Inc.-owned Popeyes and Yum! Brands Inc.’s KFC. The Baton Rouge-based company is thriving financially, reporting $3.3 billion in sales for the 12 months ended in June and adjusted earnings of $647 million.
Good for Him
33
Posted on 11/16/23 at 3:42 pm to Duck
what is German for Chicken Finger?
Posted on 11/16/23 at 3:43 pm to Thracken13
Hühnerfinger
Posted on 11/16/23 at 3:44 pm to Thracken13
He needs to give more to fund the lsu winning because a good chunk of that is from the natives
Posted on 11/16/23 at 3:44 pm to Duck
quote:
Raising Cane’s is a growing player in the popular chicken category, a competitive market featuring brands like McDonald’s Corp., Restaurant Brands International Inc.-owned Popeyes and Yum! Brands Inc.’s KFC
The author must be a ChickFilA hating lib.
Posted on 11/16/23 at 3:44 pm to Duck
Crazy, the meals aren't even that good.
In addition, usually (very rough measure) that a company's market cap to last 12 months revenue ratio is 1 to 1... meaning that Cane's if it was a public company would be worth $3.3 bil (trailing 12 months revenue), if he owns 90% then that's around $3 bil, not $7.6 bil. If you look up public companies a solid amount have a 1:1 market cap to revenue ratio.
Market Cap can be anywhere usually from 4-10x adjusted earnings too (based on industry, not sure about fast food), which Cane's is $650 mil TTM. I'd put him below $5 bil just based on that unless he's raking in dough elsewhere outside Cane's
In addition, usually (very rough measure) that a company's market cap to last 12 months revenue ratio is 1 to 1... meaning that Cane's if it was a public company would be worth $3.3 bil (trailing 12 months revenue), if he owns 90% then that's around $3 bil, not $7.6 bil. If you look up public companies a solid amount have a 1:1 market cap to revenue ratio.
Market Cap can be anywhere usually from 4-10x adjusted earnings too (based on industry, not sure about fast food), which Cane's is $650 mil TTM. I'd put him below $5 bil just based on that unless he's raking in dough elsewhere outside Cane's
This post was edited on 11/16/23 at 3:49 pm
Posted on 11/16/23 at 3:44 pm to Duck
Here’s to hoping canes stays the course and doesn’t turn into a McDonalds or BK.
Posted on 11/16/23 at 3:46 pm to Duck
quote:
Duck
Checks out
Posted on 11/16/23 at 3:47 pm to Duck
No one/business/entity would pay 8 billion dollars for Raising Canes. These things are all hypothetical written by valuation nerds. The free market would value that much less IMO.
He's still fricking loaded though
He's still fricking loaded though
Posted on 11/16/23 at 3:52 pm to Duck
Time for Box prices to go up again.
Posted on 11/16/23 at 3:52 pm to CatfishJohn
quote:
These things are all hypothetical written by valuation nerds. The free market would value that much less IMO.
I feel like this is true of nearly every billionaire though. With the exception of the few that they obviously undervalue intentionally.
Posted on 11/16/23 at 3:53 pm to root
That is a lot of LITTLE tenders.......
Posted on 11/16/23 at 3:53 pm to CatfishJohn
They still have a lot of room for growth
They could probably easily add 100 more profitable locations in California alone
They could probably easily add 100 more profitable locations in California alone
Posted on 11/16/23 at 3:54 pm to Powerman
There are not any in this part of Florida at all.
Posted on 11/16/23 at 3:55 pm to Tvilletiger
quote:
There are not any in this part of Florida at all.
So another populous state with a ton of growth potential
Posted on 11/16/23 at 3:56 pm to Duck
Needs to set up that LSU NIL slush fund like Gordon 
Posted on 11/16/23 at 3:56 pm to Tangineck
quote:
I feel like this is true of nearly every billionaire though. With the exception of the few that they obviously undervalue intentionally.
A lot of them yes. A lot of them have decades (or generations) to diversify though and their wealth is more tangible or liquid if needed.
Todd is a spring chicken to the billionaires club. Again, still very, very rich.
Posted on 11/16/23 at 3:57 pm to Powerman
quote:
They still have a lot of room for growth
They could probably easily add 100 more profitable locations in California alone
With growth also comes debt and risk. I agree that the valuations if he were to sell would take projected growth into account, but they would be very conservative with it in modeling. When you're just writing a net worth article for Bloomberg, conservatism has no place in valuation.
I bet he'd get 2-3b for Canes as it is today. At most.
Posted on 11/16/23 at 3:58 pm to Duck
I am always fascinated with people that keep working when they could sell out for 1 billion or more (even less). Even with very basic conservative money management the passive income would top $50 million a year. It would be a job just to spend a billion dollars in a lifetime and I have pretty expensive tastes (that I can not indulge 'cause I am po). You would have to buy shite just to buy shite.
Posted on 11/16/23 at 3:59 pm to Thracken13
quote:
what is German for Chicken Finger?
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