Boston Pizza Royalties Income Fund
Market Cap
CA$207.9m
Last Updated
2020/11/24 23:53 UTC
Data Sources
Company Financials +
Executive Summary
Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
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
Stable Share Price: BPF.UN is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: BPF.UN's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
Market Performance
7 Day Return
11.6%
BPF.UN
-0.6%
CA Hospitality
1.7%
CA Market
1 Year Return
-28.1%
BPF.UN
-12.8%
CA Hospitality
0.2%
CA Market
Return vs Industry: BPF.UN underperformed the Canadian Hospitality industry which returned -13.4% over the past year.
Return vs Market: BPF.UN underperformed the Canadian Market which returned -1.5% over the past year.
Shareholder returns
| BPF.UN | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.6% | -0.6% | 1.7% |
| 30 Day | 19.7% | 6.2% | 7.0% |
| 90 Day | 46.8% | 10.7% | 5.1% |
| 1 Year | -24.0%-28.1% | -9.7%-12.8% | 3.9%0.2% |
| 3 Year | -44.1%-54.7% | -2.1%-10.5% | 13.1%2.1% |
| 5 Year | -23.8%-45.8% | 63.1%44.9% | 46.5%24.1% |
Long-Term 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 day ago | Simply Wall St
Calculating The Fair Value Of Boston Pizza Royalties Income Fund (TSE:BPF.UN)2 weeks ago | Simply Wall St
What Do The Returns At Boston Pizza Royalties Income Fund (TSE:BPF.UN) Mean Going Forward?2 months ago | Simply Wall St
Reflecting on Boston Pizza Royalties Income Fund's (TSE:BPF.UN) Share Price Returns Over The Last Three YearsValuation
Is Boston Pizza Royalties Income Fund undervalued compared to its fair value and its price relative to the market?
0.87x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: BPF.UN (CA$10.04) is trading above our estimate of fair value (CA$9.12)
Significantly Below Fair Value: BPF.UN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BPF.UN is unprofitable, so we can't compare its PE Ratio to the CA Hospitality industry average.
PE vs Market: BPF.UN is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BPF.UN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BPF.UN is good value based on its PB Ratio (0.9x) compared to the CA Hospitality industry average (1x).
Next Steps
Future Growth
How is Boston Pizza Royalties Income Fund forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
210.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BPF.UN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: BPF.UN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BPF.UN's is expected to become profitable in the next 3 years.
Revenue vs Market: BPF.UN's revenue (14.4% per year) is forecast to grow faster than the Canadian market (6.1% per year).
High Growth Revenue: BPF.UN's revenue (14.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BPF.UN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Boston Pizza Royalties Income Fund performed over the past 5 years?
-25.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BPF.UN is currently unprofitable.
Growing Profit Margin: BPF.UN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BPF.UN is unprofitable, and losses have increased over the past 5 years at a rate of 25.8% per year.
Accelerating Growth: Unable to compare BPF.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BPF.UN is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-7%).
Return on Equity
High ROE: BPF.UN has a negative Return on Equity (-5.93%), as it is currently unprofitable.
Next Steps
Financial Health
How is Boston Pizza Royalties Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: BPF.UN's short term assets (CA$14.2M) exceed its short term liabilities (CA$4.4M).
Long Term Liabilities: BPF.UN's short term assets (CA$14.2M) do not cover its long term liabilities (CA$110.9M).
Debt to Equity History and Analysis
Debt Level: BPF.UN's debt to equity ratio (43.6%) is considered high.
Reducing Debt: BPF.UN's debt to equity ratio has reduced from 58% to 43.6% over the past 5 years.
Debt Coverage: BPF.UN's debt is well covered by operating cash flow (22%).
Interest Coverage: BPF.UN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Boston Pizza Royalties Income Fund current dividend yield, its reliability and sustainability?
7.77%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BPF.UN's dividend (7.77%) is higher than the bottom 25% of dividend payers in the Canadian market (1.66%).
High Dividend: BPF.UN's dividend (7.77%) is in the top 25% of dividend payers in the Canadian market (5.35%)
Stability and Growth of Payments
Stable Dividend: BPF.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: BPF.UN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: BPF.UN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Boston Pizza Royalties Income Fund has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Financial Officer of Boston Pizza International Inc. | 1.5yrs | no data | no data | |
| Director & President of Boston Pizza GP Inc | 3yrs | no data | 0.055% CA$ 114.9k | |
| Owner, Co-Chairman & Secretary of Boston Pizza International Inc | no data | no data | no data | |
| Secretary of Boston Pizza GP Inc | 18.42yrs | CA$30.91k | no data | |
| Executive Vice President of Operations & Development - Boston Pizza International Inc and Regional | 10.83yrs | no data | no data | |
| Senior Vice President of Food Services of Boston Pizza International Inc. | 6.83yrs | no data | no data | |
| Interim Senior Vice President of Marketing of Boston Pizza International Inc. | 3yrs | no data | no data | |
| Executive Director of Boston Pizza Foundation - Boston Pizza International Inc. | no data | no data | no data | |
| Director & VP of Finance - Boston Pizza GP Inc | no data | no data | no data |
4.9yrs
Average Tenure
Experienced Management: BPF.UN's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director & President of Boston Pizza GP Inc | 3yrs | no data | 0.055% CA$ 114.9k | |
| Owner, Co-Chairman & Secretary of Boston Pizza International Inc | no data | no data | no data | |
| Director & VP of Finance - Boston Pizza GP Inc | no data | no data | no data | |
| Chairman & Owner of Boston Pizza International Inc. | no data | no data | 0.023% CA$ 48.3k | |
| Independent Trustee | 1.42yrs | CA$41.33k | no data | |
| Independent Chairman of the Board | 1.42yrs | CA$72.50k | 0.035% CA$ 72.5k | |
| Independent Trustee | 6.42yrs | CA$72.50k | 0.035% CA$ 72.5k | |
| Interim Executive Director of Boston Pizza Foundation | no data | no data | no data |
2.2yrs
Average Tenure
73yo
Average Age
Experienced Board: BPF.UN's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$207.897m
- Shares outstanding: 21.52m
- 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 | 2020/11/24 23:53 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.