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QSP.

Restaurant Brands International Limited PartnershipTSX:QSP.UN Stock Report

Last Price

CA$71.85

Market Cap

CA$24.9b

7D

-1.5%

1Y

-10.4%

Updated

18 Jan, 2022

Data

Company Financials
QSP.UN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends2/6

QSP.UN Stock Overview

Restaurant Brands International Limited Partnership operates and franchises quick service restaurants.

Restaurant Brands International Limited Partnership Competitors

McDonald's

NYSE:MCD

US$192.6b

Starbucks

NasdaqGS:SBUX

US$117.5b

Wendy's

NasdaqGS:WEN

US$5.1b

Price History & Performance

Summary of all time highs, changes and price drops for Restaurant Brands International Limited Partnership
Historical stock prices
Current Share PriceCA$71.85
52 Week HighCA$85.88
52 Week LowCA$69.70
Beta1.13
1 Month Change-2.02%
3 Month Change-6.43%
1 Year Change-10.39%
3 Year Change-5.45%
5 Year Change12.27%
Change since IPO70.26%

Recent News & Updates

Jan 11
The Returns At Restaurant Brands International Limited Partnership (TSE:QSP.UN) Aren't Growing

The Returns At Restaurant Brands International Limited Partnership (TSE:QSP.UN) Aren't Growing

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Nov 08
Calculating The Intrinsic Value Of Restaurant Brands International Limited Partnership (TSE:QSP.UN)

Calculating The Intrinsic Value Of Restaurant Brands International Limited Partnership (TSE:QSP.UN)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Restaurant Brands...

Oct 21
Is Restaurant Brands International Limited Partnership (TSE:QSP.UN) Using Too Much Debt?

Is Restaurant Brands International Limited Partnership (TSE:QSP.UN) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Oct 03
Restaurant Brands International Limited Partnership (TSE:QSP.UN) Has More To Do To Multiply In Value Going Forward

Restaurant Brands International Limited Partnership (TSE:QSP.UN) Has More To Do To Multiply In Value Going Forward

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...

Shareholder Returns

QSP.UNCA HospitalityCA Market
7D-1.5%-0.8%2.4%
1Y-10.4%-7.4%19.9%

Return vs Industry: QSP.UN underperformed the Canadian Hospitality industry which returned -8% over the past year.

Return vs Market: QSP.UN underperformed the Canadian Market which returned 19.1% over the past year.

Price Volatility

Is QSP.UN's price volatile compared to industry and market?
QSP.UN volatility
QSP.UN Average Weekly Movement4.0%
Hospitality Industry Average Movement6.6%
Market Average Movement9.7%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market3.7%

Stable Share Price: QSP.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: Insufficient data to determine QSP.UN's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19545,200Jos Cilhttps://www.rbi.com

Restaurant Brands International Limited Partnership operates and franchises quick service restaurants. The company operates through three segments: Tim Hortons, Burger King, and Popeyes. Its restaurants offer coffee and other beverages, and food products under the Tim Hortons brand name; hamburgers, chicken, specialty sandwiches, french fries, and soft drinks primarily under the Burger King brand; and fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items under the Popeyes brand name.

Restaurant Brands International Limited Partnership Fundamentals Summary

How do Restaurant Brands International Limited Partnership's earnings and revenue compare to its market cap?
QSP.UN fundamental statistics
Market CapUS$19.92b
Earnings (TTM)US$1.13b
Revenue (TTM)US$5.55b

17.7x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QSP.UN income statement (TTM)
RevenueUS$5.55b
Cost of RevenueUS$2.39b
Gross ProfitUS$3.16b
ExpensesUS$2.03b
EarningsUS$1.13b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.24
Gross Margin56.93%
Net Profit Margin20.28%
Debt/Equity Ratio309.8%

How did QSP.UN perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

67%

Payout Ratio

Valuation

Is Restaurant Brands International Limited Partnership undervalued compared to its fair value and its price relative to the market?

22.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: QSP.UN (CA$71.85) is trading below our estimate of fair value (CA$92.33)

Significantly Below Fair Value: QSP.UN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: QSP.UN is poor value based on its PE Ratio (17.7x) compared to the Canadian Hospitality industry average (17.5x).

PE vs Market: QSP.UN is poor value based on its PE Ratio (17.7x) compared to the Canadian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate QSP.UN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: QSP.UN is overvalued based on its PB Ratio (4.9x) compared to the CA Hospitality industry average (1.7x).


Future Growth

How is Restaurant Brands International Limited Partnership forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

40.1%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Restaurant Brands International Limited Partnership has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Restaurant Brands International Limited Partnership performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: QSP.UN has high quality earnings.

Growing Profit Margin: QSP.UN's current net profit margins (20.3%) are higher than last year (17%).


Past Earnings Growth Analysis

Earnings Trend: QSP.UN's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: QSP.UN's earnings growth over the past year (30.2%) exceeds its 5-year average (3.4% per year).

Earnings vs Industry: QSP.UN earnings growth over the past year (30.2%) exceeded the Hospitality industry 3.8%.


Return on Equity

High ROE: Whilst QSP.UN's Return on Equity (27.51%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Restaurant Brands International Limited Partnership's financial position?


Financial Position Analysis

Short Term Liabilities: QSP.UN's short term assets ($2.6B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: QSP.UN's short term assets ($2.6B) do not cover its long term liabilities ($17.1B).


Debt to Equity History and Analysis

Debt Level: QSP.UN's net debt to equity ratio (266.6%) is considered high.

Reducing Debt: QSP.UN's debt to equity ratio has increased from 126.7% to 309.8% over the past 5 years.

Debt Coverage: QSP.UN's debt is not well covered by operating cash flow (12.4%).

Interest Coverage: QSP.UN's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

What is Restaurant Brands International Limited Partnership current dividend yield, its reliability and sustainability?

3.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: QSP.UN's dividend (3.69%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: QSP.UN's dividend (3.69%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, QSP.UN has been paying a dividend for less than 10 years.

Growing Dividend: QSP.UN's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.8%), QSP.UN's dividend payments are 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?

3.0yrs

Average management tenure


CEO

Jos Cil (51 yo)

3yrs

Tenure

US$20,054,416

Compensation

Mr. Jose E. Cil, also known as Jos, has been the Chief Executive Officer at Restaurant Brands International Inc., a General Partner of Restaurant Brands International Limited Partnership since January 23,...


CEO Compensation Analysis

Compensation vs Market: Jos's total compensation ($USD20.05M) is above average for companies of similar size in the Canadian market ($USD5.90M).

Compensation vs Earnings: Jos's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: QSP.UN's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: QSP.UN's board of directors are considered experienced (3.6 years average tenure).


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

Restaurant Brands International Limited Partnership's employee growth, exchange listings and data sources


Key Information

  • Name: Restaurant Brands International Limited Partnership
  • Ticker: QSP.UN
  • Exchange: TSX
  • Founded: 1954
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: CA$24.932b
  • Shares outstanding: 347.00m
  • Website: https://www.rbi.com

Number of Employees


Location

  • Restaurant Brands International Limited Partnership
  • 130 King Street West
  • Suite 300
  • Toronto
  • Ontario
  • M5X 1E1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 01:12
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
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.