TSX:QSP.UN

Stock Analysis Report

Restaurant Brands International Limited Partnership

Executive Summary

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

Snowflake

Risks

  • Restaurant Brands International Limited Partnership 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 Restaurant Brands International Limited Partnership's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.2%

TSX:QSP.UN

0.7%

CA Hospitality

-0.6%

CA Market


1 Year Return

21.6%

TSX:QSP.UN

-29.1%

CA Hospitality

-4.9%

CA Market

QSP.UN outperformed the Hospitality industry which returned -28.7% over the past year.

QSP.UN outperformed the Market in Canada which returned -4.8% over the past year.


Share holder returns

QSP.UNIndustryMarket
7 Day1.2%0.7%-0.6%
30 Day3.6%-7.2%-2.6%
90 Day7.8%-9.0%-2.0%
1 Year25.5%21.6%-28.6%-29.1%-1.5%-4.9%
3 Year72.5%61.4%15.7%12.6%14.0%3.9%
5 Yearn/a-1.0%-4.0%12.3%-3.5%

Price Volatility Vs. Market

How volatile is Restaurant Brands International Limited Partnership's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Restaurant Brands International Limited Partnership undervalued based on future cash flows and its price relative to the stock market?

29.28x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Restaurant Brands International Limited Partnership's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Restaurant Brands International Limited Partnership's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Restaurant Brands International Limited Partnership is overvalued based on earnings compared to the CA Hospitality industry average.

Restaurant Brands International Limited Partnership is overvalued based on earnings compared to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Restaurant Brands International Limited Partnership, we can't assess if its growth is good value.


Price Based on Value of Assets

Restaurant Brands International Limited Partnership is overvalued based on assets compared to the CA Hospitality industry average.

Future Growth

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

5.9%

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?

58.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Restaurant Brands International Limited Partnership has delivered over 20% year on year earnings growth in the past 5 years.

Restaurant Brands International Limited Partnership's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Restaurant Brands International Limited Partnership's 1-year earnings growth is negative, it can't be compared to the CA Hospitality industry average.


Return on Equity

Whilst Restaurant Brands International Limited Partnership has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

Restaurant Brands International Limited Partnership used its assets more efficiently than the CA Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

Restaurant Brands International Limited Partnership has improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Financial Health

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


Financial Position Analysis

Restaurant Brands International Limited Partnership is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Restaurant Brands International Limited Partnership's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Restaurant Brands International Limited Partnership's level of debt (302.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (141.1% vs 302.9% today).

Debt is not well covered by operating cash flow (11.5%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.1x debt.

Dividend

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

2.67%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Restaurant Brands International Limited Partnership before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Restaurant Brands International Limited Partnership's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2%).

Restaurant Brands International Limited Partnership's dividend is below the markets top 25% of dividend payers in Canada (5.88%).

Whilst dividend payments have been stable, Restaurant Brands International Limited Partnership has been paying a dividend for less than 10 years.

Dividend payments have increased, but Restaurant Brands International Limited Partnership only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.3x 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 Restaurant Brands International Limited Partnership's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Jos Cil (49yo)

0.6yrs

Tenure

US$15,330,257

Compensation

Mr. José 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

Jos's remuneration is higher than average for companies of similar size in Canada.

Jos's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

1.6yrs

Average Tenure

43yo

Average Age

The average tenure for the Restaurant Brands International Limited Partnership management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.7yrs

Average Tenure

57yo

Average Age

The tenure for the Restaurant Brands International Limited Partnership board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Elias Sesé (45yo)

    President of International Expansion - Restaurant Brands International Inc

    • Tenure: 2.2yrs
    • Compensation: US$4.52m
  • Duncan Stanley Fulton

    Chief Corporate Officer of Restaurant Brands International Inc.

    • Tenure: 0.6yrs
  • Daniel Schwartz (38yo)

    Executive Co-Chairman of the Board of Restaurant Brands International Inc.

    • Tenure: 0.6yrs
    • Compensation: US$18.78m
  • Jos Cil (49yo)

    Chief Executive Officer of Restaurant Brands International Inc.

    • Tenure: 0.6yrs
    • Compensation: US$15.33m
  • Jill Granat (53yo)

    General Counsel & Corporate Secretary of Restaurant Brands Intl. Inc.

    • Tenure: 4.7yrs
  • Jacqueline Friesner (46yo)

    Chief Accounting Officer & Controller - Restaurant Brands International Inc.

    • Tenure: 4.7yrs
  • Josh Kobza (32yo)

    Chief Operating Officer of Restaurant Brands International Inc

    • Tenure: 0.6yrs
    • Compensation: US$2.47m
  • Alex Macedo (41yo)

    President of Tim Hortons - Restaurant Brands International Inc.

    • Tenure: 1.7yrs
    • Compensation: US$14.38m
  • Matt Dunnigan (35yo)

    Chief Financial Officer of Restaurant Brands International Inc.

    • Tenure: 1.6yrs
    • Compensation: US$2.04m

Board Members

  • Carlos da Veiga Sicupira (71yo)

    Independent Director of Restaurant Brands International Inc.

    • Tenure: 4.7yrs
    • Compensation: US$140.00k
  • Martin Ellis Franklin (54yo)

    Independent Director of Restaurant Brands International Inc.

    • Tenure: 4.7yrs
    • Compensation: US$120.00k
  • Paul Fribourg (65yo)

    Independent Director of Restaurant Brands International Inc.

    • Tenure: 4.7yrs
    • Compensation: US$140.00k
  • Alexandre Behring (52yo)

    Co-Chairman of the Board of Restaurant Brands International Inc.

    • Tenure: 4.7yrs
    • Compensation: US$240.00k
  • Alexandre Van Damme (57yo)

    Independent Director of Restaurant Brands International Inc.

    • Tenure: 4.7yrs
    • Compensation: US$120.00k
  • Marc Caira (65yo)

    Vice Chairman of Restaurant Brands International Inc.

    • Tenure: 4.7yrs
    • Compensation: US$250.00k
  • Neil Golden (57yo)

    Independent Director of Restaurant Brands International Inc.

    • Tenure: 3.2yrs
    • Compensation: US$250.00k
  • Daniel Schwartz (38yo)

    Executive Co-Chairman of the Board of Restaurant Brands International Inc.

    • Tenure: 0.6yrs
    • Compensation: US$18.78m
  • Roberto Thompson Motta (61yo)

    Independent Director of Restaurant Brands International Inc

    • Tenure: 4.7yrs
    • Compensation: US$100.00k
  • Ali Hedayat (43yo)

    Independent Director of Restaurant Brands International Inc.

    • Tenure: 3.1yrs
    • Compensation: US$111.01k

Company Information

Restaurant Brands International Limited Partnership's company bio, 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
  • Market Cap: CA$40.806b
  • Shares outstanding: 409.29m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QSP.UNTSX (The Toronto Stock Exchange)YesPartnership Exchangeable UnitsCACADDec 2014
RSTR.FOTCPK (Pink Sheets LLC)YesPartnership Exchangeable UnitsUSUSDDec 2014
0RTDB (Deutsche Boerse AG)YesPartnership Exchangeable UnitsDEEURDec 2014

Biography

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 of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:54
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.