TSX:BPF.UN

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Boston Pizza Royalties Income Fund

Market Cap

CA$308.8m

Last Updated

2021/08/03 23:22 UTC

Data Sources

Company Financials +

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 less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BPF.UN's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.8%

BPF.UN

1.8%

CA Hospitality

1.4%

CA Market


1 Year Return

115.5%

BPF.UN

20.4%

CA Hospitality

28.0%

CA Market

Return vs Industry: BPF.UN exceeded the Canadian Hospitality industry which returned 23.8% over the past year.

Return vs Market: BPF.UN exceeded the Canadian Market which returned 29.1% over the past year.


Shareholder returns

BPF.UNIndustryMarket
7 Day0.8%1.8%1.4%
30 Day1.4%3.4%-0.2%
90 Day9.4%-0.6%2.8%
1 Year132.2%115.5%24.1%20.4%31.8%28.0%
3 Year-5.4%-24.5%11.2%1.7%33.0%20.1%
5 Year-5.2%-33.3%54.5%35.4%50.7%28.5%

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

Valuation

Is Boston Pizza Royalties Income Fund undervalued compared to its fair value and its price relative to the market?

8.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BPF.UN (CA$14.35) is trading above our estimate of fair value (CA$7.83)

Significantly Below Fair Value: BPF.UN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BPF.UN is good value based on its PE Ratio (8.1x) compared to the Canadian Hospitality industry average (23.8x).

PE vs Market: BPF.UN is good value based on its PE Ratio (8.1x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: BPF.UN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BPF.UN is good value based on its PB Ratio (1.2x) compared to the CA Hospitality industry average (1.7x).


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?

-16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPF.UN's earnings are forecast to decline over the next 3 years (-16.1% per year).

Earnings vs Market: BPF.UN's earnings are forecast to decline over the next 3 years (-16.1% per year).

High Growth Earnings: BPF.UN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BPF.UN's revenue (22.9% per year) is forecast to grow faster than the Canadian market (5.2% per year).

High Growth Revenue: BPF.UN's revenue (22.9% per year) is forecast to grow faster 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


Past Performance

How has Boston Pizza Royalties Income Fund performed over the past 5 years?

-24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPF.UN has a large one-off gain of CA$19.3M impacting its March 31 2021 financial results.

Growing Profit Margin: BPF.UN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BPF.UN's earnings have declined by 24.7% per year over the past 5 years.

Accelerating Growth: BPF.UN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BPF.UN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (-9.2%).


Return on Equity

High ROE: BPF.UN's Return on Equity (14.3%) is considered low.


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$7.8M) exceed its short term liabilities (CA$4.3M).

Long Term Liabilities: BPF.UN's short term assets (CA$7.8M) do not cover its long term liabilities (CA$126.0M).


Debt to Equity History and Analysis

Debt Level: BPF.UN's debt to equity ratio (46.3%) is considered high.

Reducing Debt: BPF.UN's debt to equity ratio has reduced from 62.7% to 46.3% over the past 5 years.

Debt Coverage: BPF.UN's debt is not well covered by operating cash flow (15.7%).

Interest Coverage: BPF.UN's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

What is Boston Pizza Royalties Income Fund current dividend yield, its reliability and sustainability?

5.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BPF.UN's dividend (5.44%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: BPF.UN's dividend (5.44%) is in the top 25% of dividend payers in the Canadian market (4.57%)


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: With its reasonably low payout ratio (25.7%), BPF.UN's dividend payments are well covered by earnings.


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?

5.7yrs

Average management tenure


CEO

Boston Pizza Royalties Income Fund has no CEO, or we have no data on them.


Leadership Team

Experienced Management: BPF.UN's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: BPF.UN's board of directors are not considered experienced ( 3 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.


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$308.833m
  • 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


Biography

Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust. It operates as a franchisor of casual dining pizza and pasta restaurants. As of January 1, 2021, the company’s franchise s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/03 23:22
End of Day Share Price2021/08/03 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.