Restaurant Brands New Zealand Future Growth

Future criteria checks 2/6

Restaurant Brands New Zealand is forecast to grow earnings and revenue by 17.4% and 2.3% per annum respectively. EPS is expected to grow by 17.4% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

17.4%

Earnings growth rate

17.4%

EPS growth rate

Hospitality earnings growth	15.3%
Revenue growth rate	2.3%
Future return on equity	12.9%
Analyst coverage	Low
Last updated	11 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

ASX:RBD - Analysts future estimates and past financials data (NZD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,570	40	70	152	2
12/31/2025	1,514	33	57	140	2
12/31/2024	1,456	26	52	135	2
6/30/2024	1,447	27	60	139	N/A
3/31/2024	1,421	21	54	133	N/A
12/31/2023	1,395	16	47	128	N/A
9/30/2023	1,377	18	42	125	N/A
6/30/2023	1,359	19	37	123	N/A
3/31/2023	1,329	26	37	122	N/A
12/31/2022	1,298	32	37	122	N/A
9/30/2022	1,230	32	30	117	N/A
6/30/2022	1,163	33	24	112	N/A
3/31/2022	1,139	42	33	119	N/A
12/31/2021	1,114	52	41	126	N/A
9/30/2021	1,104	53	55	131	N/A
6/30/2021	1,093	54	70	136	N/A
3/31/2021	1,009	42	60	123	N/A
12/31/2020	925	31	51	111	N/A
12/31/2019	880	36	34	105	N/A
9/9/2019	839	35	41	88	N/A
6/9/2019	833	36	38	79	N/A
2/25/2019	826	36	34	71	N/A
11/25/2018	819	36	36	74	N/A
9/10/2018	812	37	38	77	N/A
6/10/2018	789	36	N/A	73	N/A
2/26/2018	766	35	N/A	68	N/A
11/26/2017	708	34	N/A	61	N/A
9/11/2017	651	32	N/A	55	N/A
6/11/2017	584	29	N/A	51	N/A
2/27/2017	518	26	N/A	48	N/A
11/27/2016	485	25	N/A	46	N/A
9/12/2016	453	24	N/A	45	N/A
6/12/2016	428	24	N/A	44	N/A
2/29/2016	404	24	N/A	44	N/A
11/30/2015	402	25	N/A	44	N/A
9/14/2015	399	26	N/A	43	N/A
6/14/2015	386	25	N/A	40	N/A
3/2/2015	373	24	N/A	36	N/A
12/2/2014	360	23	N/A	38	N/A
9/8/2014	346	22	N/A	39	N/A
6/8/2014	338	21	N/A	36	N/A
2/24/2014	330	20	N/A	32	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBD's forecast earnings growth (17.4% per year) is above the savings rate (2.6%).

Earnings vs Market: RBD's earnings (17.4% per year) are forecast to grow faster than the Australian market (12.6% per year).

High Growth Earnings: RBD's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBD's revenue (2.3% per year) is forecast to grow slower than the Australian market (5.8% per year).

High Growth Revenue: RBD's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RBD's Return on Equity is forecast to be low in 3 years time (12.9%).

Restaurant Brands New Zealand Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Restaurant Brands New Zealand Limited Provides Earnings Guidance for the Year Ended December 31, 2023

Restaurant Brands New Zealand Limited Provides Earnings Guidance for the Year 2022

Restaurant Brands New Zealand Limited Provides Earnings Guidance for the Half Year Ending 30 June 2022

Recent updates

Investor sentiment improves as stock rises 17%

First half 2024 earnings released: EPS: NZ$0.10 (vs NZ$0.017 in 1H 2023)

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: NZ$0.13 (vs NZ$0.26 in FY 2022)

Restaurant Brands New Zealand Limited, Annual General Meeting, May 24, 2024

Restaurant Brands New Zealand Limited Provides Earnings Guidance for the Year Ended December 31, 2023

Restaurant Brands New Zealand Limited Announces Appointment of Arif Khan as Group Chief Executive Officer, Effective 1 September 2023

First half 2023 earnings released: EPS: NZ$0.017 (vs NZ$0.12 in 1H 2022)

Investor sentiment deteriorates as stock falls 17%

Now 28% undervalued after recent price drop

New minor risk - Dividend sustainability

Insufficient new directors

Upcoming dividend of NZ$0.19 per share at 2.4% yield

Insider recently bought AU$87k worth of stock

Full year 2022 earnings released: EPS: NZ$0.26 (vs NZ$0.42 in FY 2021)

Restaurant Brands New Zealand Limited (NZSE:RBD) acquired KFC inside the Auckland Airport International Terminal.

Restaurant Brands New Zealand Limited Announces Executive Change

Insufficient new directors

Investor sentiment deteriorated over the past week

Insufficient new directors

Restaurant Brands New Zealand Limited Provides Earnings Guidance for the Year 2022

Russel Creedy, Group Chief Executive Officer to Retire from Restaurant Brands New Zealand Limited on March 31, 2023

First half 2022 earnings released: EPS: NZ$0.12 (vs NZ$0.28 in 1H 2021)

Insufficient new directors

Restaurant Brands New Zealand Limited Provides Earnings Guidance for the Half Year Ending 30 June 2022

Insufficient new directors

High number of new directors

Restaurant Brands New Zealand Limited Announces Final Dividend, Payable on 22 April 2022

High number of new and inexperienced directors

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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