Boston Pizza Royalties Income Fund
Market Cap
CA$381.1m
Last Updated
2019/09/17 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust.
Snowflake
Risks
- Boston Pizza Royalties Income Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
Similar Companies
Share Price & News
How has Boston Pizza Royalties Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.1%
TSX:BPF.UN
0.3%
CA Hospitality
1.6%
CA Market
1 Year Return
-0.7%
TSX:BPF.UN
-17.4%
CA Hospitality
-0.3%
CA Market
BPF.UN outperformed the Hospitality industry which returned -16.5% over the past year.
BPF.UN matched the Canada Market (-0.5%) over the past year.
Share holder returns
| BPF.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 0.3% | 1.6% |
| 30 Day | 3.2% | 6.5% | 4.1% |
| 90 Day | -3.7% | -2.9% | 1.1% |
| 1 Year | 7.9%-0.7% | -16.8%-17.4% | 3.3%-0.3% |
| 3 Year | -1.9%-20.1% | 22.9%19.6% | 19.3%8.6% |
| 5 Year | 19.4%-14.8% | -3.4%-6.2% | 21.6%4.1% |
Price Volatility Vs. Market
How volatile is Boston Pizza Royalties Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Is Boston Pizza Royalties Income Fund (TSE:BPF.UN) Attractive At This PE Ratio?1 year ago | Simply Wall St
Is Boston Pizza Royalties Income Fund's (TSE:BPF.UN) Balance Sheet A Threat To Its Future?1 year ago | Simply Wall St
Only 2 Days Left To Boston Pizza Royalties Income Fund (TSE:BPF.UN)’s Ex-Dividend Date, Should You Buy?Valuation
Is Boston Pizza Royalties Income Fund undervalued based on future cash flows and its price relative to the stock market?
31%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Boston Pizza Royalties Income Fund's share price is below the future cash flow value, and at a moderate discount (> 20%).
Boston Pizza Royalties Income Fund's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Boston Pizza Royalties Income Fund is good value based on earnings compared to the CA Hospitality industry average.
Boston Pizza Royalties Income Fund is overvalued based on earnings compared to the Canada market.
Price Based on Expected Growth
Boston Pizza Royalties Income Fund is poor value based on expected growth next year.
Price Based on Value of Assets
Boston Pizza Royalties Income Fund is good value based on assets compared to the CA Hospitality industry average.
Future Growth
How is Boston Pizza Royalties Income Fund expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
16.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Boston Pizza Royalties Income Fund's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Boston Pizza Royalties Income Fund's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
Boston Pizza Royalties Income Fund's revenue growth is positive but not above the Canada market average.
Boston Pizza Royalties Income Fund's earnings growth is expected to exceed the Canada market average.
Boston Pizza Royalties Income Fund's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Boston Pizza Royalties Income Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Past Performance
How has Boston Pizza Royalties Income Fund performed over the past 5 years?
0.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Boston Pizza Royalties Income Fund's year on year earnings growth rate has been positive over the past 5 years.
Boston Pizza Royalties Income Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Boston Pizza Royalties Income Fund's 1-year earnings growth is negative, it can't be compared to the CA Hospitality industry average.
Return on Equity
Boston Pizza Royalties Income Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Boston Pizza Royalties Income Fund used its assets more efficiently than the CA Hospitality industry average last year based on Return on Assets.
Return on Capital Employed
Boston Pizza Royalties Income Fund has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Financial Health
How is Boston Pizza Royalties Income Fund's financial position?
Financial Position Analysis
Boston Pizza Royalties Income Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Boston Pizza Royalties Income Fund's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Boston Pizza Royalties Income Fund's level of debt (31.6%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has increased over the past 5 years (28.1% vs 31.6% today).
Debt is well covered by operating cash flow (40.4%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 5.4x coverage).
Balance Sheet
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.1x debt.
Dividend
What is Boston Pizza Royalties Income Fund's current dividend yield, its reliability and sustainability?
7.89%
Current Dividend Yield
Dividend Yield and Payments Analysis
Boston Pizza Royalties Income Fund's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (1.99%).
Boston Pizza Royalties Income Fund's dividend is above the markets top 25% of dividend payers in Canada (5.8%).
Dividends per share have been stable in the past 10 years.
No dividend growth in 10 years.
Current Payout to Shareholders
Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Management
What is the CEO of Boston Pizza Royalties Income Fund's salary, the management and board of directors tenure and is there insider trading?
3.8yrs
Average management tenure
CEO
Boston Pizza Royalties Income Fund has no CEO, or we have no data on them.
Management Age and Tenure
3.8yrs
Average Tenure
The tenure for the Boston Pizza Royalties Income Fund management team is about average.
Board Age and Tenure
1.0yrs
Average Tenure
75yo
Average Age
The average tenure for the Boston Pizza Royalties Income Fund board of directors is less than 3 years, this suggests a new board.
Insider Trading
Boston Pizza Royalties Income Fund individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 5,000 |
| Max Price | CA$17.57 |
| Entity | Individual |
| Role | Unit Board Member Director & President of Boston Pizza GP Inc |
| Shares | 400 |
| Max Price | CA$13.99 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,250 |
| Max Price | CA$14.89 |
| Entity | Individual |
| Role | Unit Board Member Director & President of Boston Pizza GP Inc |
| Shares | 400 |
| Max Price | CA$14.85 |
Ownership Breakdown
Management Team
George Melville (75yo)
Owner, Co-Chairman & Secretary of Boston Pizza International Inc
- Tenure: 0yrs
John Cowperthwaite
Secretary of Boston Pizza GP Inc
- Tenure: 17.3yrs
- Compensation: CA$30.91k
Alan Howie
Executive Vice President of Operations & Development - Boston Pizza International Inc and Regional
- Tenure: 9.7yrs
Jordan Holm
Director & President of Boston Pizza GP Inc
- Tenure: 1.8yrs
Donna Finelli
Interim Senior Vice President of Marketing of Boston Pizza International Inc.
- Tenure: 1.8yrs
Helen Langford
Senior Vice President of Food Services of Boston Pizza International Inc.
- Tenure: 5.7yrs
Cheryl Treliving
Executive Director of Boston Pizza Foundation - Boston Pizza International Inc.
- Tenure: 0yrs
Robert Kirincic
Director & VP of Finance - Boston Pizza GP Inc
- Tenure: 0yrs
Michael Harbinson
Chief Financial Officer of Boston Pizza International Inc.
- Tenure: 0.7yrs
Board Members
George Melville (75yo)
Owner, Co-Chairman & Secretary of Boston Pizza International Inc
- Tenure: 0yrs
Jim Treliving (78yo)
Chairman & Owner of Boston Pizza International Inc.
- Tenure: 0yrs
Paulina Hiebert
- Tenure: 0.3yrs
Marc Guay (60yo)
Chairman
- Tenure: 0.3yrs
- Compensation: CA$34.00k
Jordan Holm
Director & President of Boston Pizza GP Inc
- Tenure: 1.8yrs
David Merrell
- Tenure: 5.3yrs
- Compensation: CA$74.00k
Michele Schepel
Interim Executive Director of Boston Pizza Foundation
- Tenure: 0yrs
Robert Kirincic
Director & VP of Finance - Boston Pizza GP Inc
- Tenure: 0yrs
Company Information
Boston Pizza Royalties Income Fund's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Boston Pizza Royalties Income Fund
- Ticker: BPF.UN
- Exchange: TSX
- Founded: 2002
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: CA$381.068m
- Shares outstanding: 21.79m
- Website: https://www.bpincomefund.com
Location
- Boston Pizza Royalties Income Fund
- 10760 Shellbridge Way
- Suite 100
- Richmond
- British Columbia
- V6X 3H1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BPF.UN | TSX (The Toronto Stock Exchange) | Yes | Fund Units | CA | CAD | Jul 2002 |
| BPZZ.F | OTCPK (Pink Sheets LLC) | Yes | Fund Units | US | USD | Jul 2002 |
Biography
Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust. The company, indirectly through Boston Pizza Royalties Limited Partnership, owns trademarks and trade names used by Boston ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/17 23:50 |
| End of Day Share Price | 2019/09/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.