Loading...

Restaurant Brands International Limited Partnership

DB:0RT
Snowflake Description

Acceptable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0RT
DB
CA$37B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Restaurant Brands International Limited Partnership operates and franchises quick service restaurants. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • 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.
0RT Share Price and Events
7 Day Returns
1.7%
DB:0RT
-1%
DE Hospitality
0.2%
DE Market
1 Year Returns
14.7%
DB:0RT
-52.6%
DE Hospitality
-10.9%
DE Market
0RT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Restaurant Brands International Limited Partnership (0RT) 1.7% -1.2% 8.9% 14.7% 55.3% -
DE Hospitality -1% -10.9% -11.5% -52.6% -32.4% -25.2%
DE Market 0.2% -2.5% -2% -10.9% 8.9% 6.3%
1 Year Return vs Industry and Market
  • 0RT outperformed the Hospitality industry which returned -52.6% over the past year.
  • 0RT outperformed the Market in Germany which returned -10.9% over the past year.
Price Volatility
0RT
Industry
5yr Volatility vs Market
Related Companies

0RT Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Restaurant Brands International Limited Partnership to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Restaurant Brands International Limited Partnership.

DB:0RT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0RT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.919 (1 + (1- 26.5%) (48.35%))
1.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.164 * 5.96%)
7.17%

Discounted Cash Flow Calculation for DB:0RT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Restaurant Brands International Limited Partnership is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:0RT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.17%)
2019 1,433.82 Est @ 2.2% 1,337.91
2020 1,456.92 Est @ 1.61% 1,268.53
2021 1,474.34 Est @ 1.2% 1,197.84
2022 1,487.69 Est @ 0.91% 1,127.84
2023 1,498.14 Est @ 0.7% 1,059.79
2024 1,506.53 Est @ 0.56% 994.44
2025 1,513.47 Est @ 0.46% 932.20
2026 1,519.38 Est @ 0.39% 873.24
2027 1,524.58 Est @ 0.34% 817.62
2028 1,529.27 Est @ 0.31% 765.28
Present value of next 10 years cash flows $10,374.69
DB:0RT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,529.27 × (1 + 0.23%) ÷ (7.17% – 0.23%)
$22,084.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $22,084.66 ÷ (1 + 7.17%)10
$11,051.59
DB:0RT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10,374.69 + $11,051.59
$21,426.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $21,426.28 / 409.37
$80.14
DB:0RT Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:QSP.UN)
1.339
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $52.34 x 1.339
CA$70.09
Non-primary Listing Adjustment Factor 1 share in DB:0RT represents 0.65307x of TSX:QSP.UN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.65307x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 70.09 x 0.65307
€45.77
Value per share (EUR) From above. €45.77
Current discount Discount to share price of €59.26
= -1 x (€59.26 - €45.77) / €45.77
-29.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Restaurant Brands International Limited Partnership is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Restaurant Brands International Limited Partnership's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Restaurant Brands International Limited Partnership's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0RT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.67
TSX:QSP.UN Share Price ** TSX (2019-06-18) in CAD CA$90.74
TSX:QSP.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $67.76
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.82x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.63x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Restaurant Brands International Limited Partnership.

DB:0RT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:QSP.UN Share Price ÷ EPS (both in USD)

= 67.76 ÷ 2.67

25.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Restaurant Brands International Limited Partnership is overvalued based on earnings compared to the DE Hospitality industry average.
  • Restaurant Brands International Limited Partnership is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Restaurant Brands International Limited Partnership's expected growth come at a high price?
Raw Data
DB:0RT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.3x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What value do investors place on Restaurant Brands International Limited Partnership's assets?
Raw Data
DB:0RT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.21
TSX:QSP.UN Share Price * TSX (2019-06-18) in CAD CA$90.74
TSX:QSP.UN Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.747 $67.76
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.04x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:0RT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:QSP.UN Share Price ÷ Book Value per Share (both in USD)

= 67.76 ÷ 9.21

7.36x

* Primary Listing of Restaurant Brands International Limited Partnership.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Restaurant Brands International Limited Partnership is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Restaurant Brands International Limited Partnership's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Restaurant Brands International Limited Partnership has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0RT Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.9%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Restaurant Brands International Limited Partnership expected to grow at an attractive rate?
  • Unable to compare Restaurant Brands International Limited Partnership's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Restaurant Brands International Limited Partnership's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Restaurant Brands International Limited Partnership's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:0RT Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0RT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0RT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,369 1,461 1,110
2018-12-31 5,357 1,165 1,143
2018-09-30 5,207 1,249 1,600
2018-06-30 5,040 1,165 1,530
2018-03-31 4,829 975 1,391
2017-12-31 4,576 1,431 1,211
2017-09-30 4,453 1,152 687
2017-06-30 4,320 1,271 678
2017-03-31 4,228 1,374 681
2016-12-31 4,146 1,214 683
2016-09-30 4,091 1,156 566
2016-06-30 4,035 1,185 510

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Restaurant Brands International Limited Partnership is high growth as no earnings estimate data is available.
  • Unable to determine if Restaurant Brands International Limited Partnership is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0RT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Restaurant Brands International Limited Partnership Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0RT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.67
2018-12-31 2.73
2018-09-30 3.80
2018-06-30 3.61
2018-03-31 3.27
2017-12-31 2.83
2017-09-30 1.60
2017-06-30 1.58
2017-03-31 1.59
2016-12-31 1.59
2016-09-30 1.29
2016-06-30 1.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Restaurant Brands International Limited Partnership will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 0RT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Restaurant Brands International Limited Partnership's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Restaurant Brands International Limited Partnership's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Restaurant Brands International Limited Partnership's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Restaurant Brands International Limited Partnership has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0RT Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Restaurant Brands International Limited Partnership's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 DE Hospitality industry average.
Earnings and Revenue History
Restaurant Brands International Limited Partnership's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Restaurant Brands International Limited Partnership Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0RT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,369.00 1,110.00 1,162.00
2018-12-31 5,357.00 1,143.00 1,159.00
2018-09-30 5,206.80 1,600.40 964.10
2018-06-30 5,040.10 1,529.70 764.50
2018-03-31 4,829.40 1,391.30 558.50
2017-12-31 4,576.00 1,211.00 352.00
2017-09-30 4,453.30 686.50 353.00
2017-06-30 4,320.40 677.60 337.60
2017-03-31 4,227.90 681.20 318.70
2016-12-31 4,146.00 683.00 303.00
2016-09-30 4,091.40 565.70 306.10
2016-06-30 4,035.40 510.00 312.60
2016-03-31 4,037.40 356.10 309.00
2015-12-31 4,052.20 237.10 321.00
2015-09-30 3,413.00 -751.10 310.60
2015-06-30 2,672.20 -889.00 273.90
2015-03-31 1,891.20 -839.20 255.20
2014-12-31 1,198.80 -759.70 220.40
2013-12-31 1,146.30 233.70 216.20
2012-12-31 1,970.90 117.70 290.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 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.
  • Restaurant Brands International Limited Partnership used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Restaurant Brands International Limited Partnership has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Restaurant Brands International Limited Partnership's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Restaurant Brands International Limited Partnership has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0RT Health

 How is Restaurant Brands International Limited Partnership's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Restaurant Brands International Limited Partnership's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Restaurant Brands International Limited Partnership's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Restaurant Brands International Limited Partnership Company Filings, last reported 2 months ago.

DB:0RT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,773.00 13,411.00 902.00
2018-12-31 3,618.00 12,212.00 913.00
2018-09-30 4,394.80 12,087.00 1,113.00
2018-06-30 4,224.70 12,098.60 964.60
2018-03-31 4,242.80 12,114.40 821.50
2017-12-31 4,561.00 12,165.00 1,097.00
2017-09-30 7,573.60 11,681.60 3,547.20
2017-06-30 7,171.60 11,627.20 3,435.50
2017-03-31 6,894.70 9,925.30 909.30
2016-12-31 6,786.00 8,777.60 1,420.40
2016-09-30 6,788.00 8,836.00 1,228.60
2016-06-30 6,792.60 8,842.20 957.50
2016-03-31 6,636.10 8,828.40 811.50
2015-12-31 6,210.10 8,762.70 753.70
2015-09-30 6,602.20 8,811.70 971.70
2015-06-30 6,841.70 8,859.50 685.70
2015-03-31 6,813.70 9,280.50 1,021.60
2014-12-31 7,636.80 10,224.60 1,803.20
2013-12-31 1,516.20 3,037.00 786.90
2012-12-31
  • Restaurant Brands International Limited Partnership's level of debt (324.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (158.7% vs 324.6% today).
  • Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).
X
Financial health checks
We assess Restaurant Brands International Limited Partnership's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Restaurant Brands International Limited Partnership has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0RT Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.95%
Current annual income from Restaurant Brands International Limited Partnership dividends.
If you bought €2,000 of Restaurant Brands International Limited Partnership shares you are expected to receive €59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Restaurant Brands International Limited Partnership's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Restaurant Brands International Limited Partnership's dividend is below the markets top 25% of dividend payers in Germany (3.94%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0RT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0RT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-23 2.000 3.077
2018-10-24 1.800 3.275
2018-08-01 1.800 3.060
2018-04-24 1.800 3.049
2018-02-13 1.800 3.130
2017-10-26 0.840 1.347
2017-08-02 0.800 1.257
2017-04-26 0.760 1.266
2017-02-17 0.720 1.298
2016-10-24 0.680 1.426
2016-08-04 0.640 1.392
2016-04-28 0.600 1.418
2016-02-26 0.560 1.444
2015-12-30 0.520 1.573
2015-10-30 0.520 1.433
2015-07-31 0.480 1.282
2015-05-05 0.400 1.061
2015-02-17 0.360 0.938

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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 4 years.
Current Payout to shareholders
What portion of Restaurant Brands International Limited Partnership's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x 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.
X
Income/ dividend checks
We assess Restaurant Brands International Limited Partnership's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Restaurant Brands International Limited Partnership afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Restaurant Brands International Limited Partnership has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0RT 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?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jos Cil
COMPENSATION $15,330,257
AGE 48
TENURE AS CEO 0.4 years
CEO Bio

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, 2019. He served as the President of Burger King(R) Brand at Restaurant Brands International Inc., a General Partner of Restaurant Brands International Limited Partnership since December 15, 2014 until January 2019. Mr. Cil served as an Executive Vice President and President of Europe, Middle East & Africa at Burger King Worldwide, Inc. since June 2012 until December 15, 2014. He served as Executive Vice President and President of Europe, Middle East & Africa at Burger King Holdings, Inc. since November 2010 until December 2014. He served as the President of an Operating Unit at Burger King Corporation. He began his career with BKC in 2000, as a Senior Attorney and quickly assumed positions of increasing responsibility within the Global Operations function. From September 2008 to January 2010, he served as Vice President of Company Operations of Burger King and from September 2005 to September 2008, he served as Division Vice President, Mediterranean and NW Europe Divisions, EMEA. He has been with Burger King since 2000. He also served as Vice President and Regional General Manager for Wal-Mart Stores in Florida from February 2010 to November 2010. He has been a Director of Carrols Restaurant Group, Inc. since January 28, 2015.

CEO Compensation
  • Jos's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Jos's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Restaurant Brands International Limited Partnership management team in years:

1.5
Average Tenure
42
Average Age
  • The average tenure for the Restaurant Brands International Limited Partnership management team is less than 2 years, this suggests a new team.
Management Team

Daniel Schwartz

TITLE
Executive Co-Chairman of the Board of Restaurant Brands International Inc.
COMPENSATION
$19M
AGE
37

Jos Cil

TITLE
Chief Executive Officer of Restaurant Brands International Inc.
COMPENSATION
$15M
AGE
48
TENURE
0.4 yrs

Matt Dunnigan

TITLE
Chief Financial Officer of Restaurant Brands International Inc.
COMPENSATION
$2M
AGE
34
TENURE
1.4 yrs

Josh Kobza

TITLE
Chief Operating Officer of Restaurant Brands International Inc
COMPENSATION
$2M
AGE
31
TENURE
0.4 yrs

Alex Macedo

TITLE
President of Tim Hortons - Restaurant Brands International Inc.
COMPENSATION
$14M
AGE
40
TENURE
1.5 yrs

Jacqueline Friesner

TITLE
Chief Accounting Officer & Controller - Restaurant Brands International Inc.
AGE
45
TENURE
4.5 yrs

Jill Granat

TITLE
General Counsel & Corporate Secretary of Restaurant Brands Intl. Inc.
AGE
52
TENURE
4.5 yrs

Duncan Stanley Fulton

TITLE
Chief Corporate Officer of Restaurant Brands International Inc.
TENURE
0.4 yrs

Elias Sesé

TITLE
President of International Expansion - Restaurant Brands International Inc
COMPENSATION
$5M
AGE
44
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Restaurant Brands International Limited Partnership board of directors in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the Restaurant Brands International Limited Partnership board of directors is about average.
Board of Directors

Alexandre Behring

TITLE
Co-Chairman of the Board of Restaurant Brands International Inc.
COMPENSATION
$240K
AGE
51
TENURE
4.5 yrs

Daniel Schwartz

TITLE
Executive Co-Chairman of the Board of Restaurant Brands International Inc.
COMPENSATION
$19M
AGE
37
TENURE
0.4 yrs

Marc Caira

TITLE
Vice Chairman of Restaurant Brands International Inc.
COMPENSATION
$250K
AGE
64
TENURE
4.5 yrs

Paul Fribourg

TITLE
Independent Director of Restaurant Brands International Inc.
COMPENSATION
$140K
AGE
64
TENURE
4.5 yrs

Ali Hedayat

TITLE
Independent Director of Restaurant Brands International Inc.
COMPENSATION
$111K
AGE
42
TENURE
2.9 yrs

Martin Franklin

TITLE
Independent Director of Restaurant Brands International Inc.
COMPENSATION
$120K
AGE
53
TENURE
4.5 yrs

Carlos da Veiga Sicupira

TITLE
Independent Director of Restaurant Brands International Inc.
COMPENSATION
$140K
AGE
70
TENURE
4.5 yrs

Roberto Thompson Motta

TITLE
Independent Director of Restaurant Brands International Inc
COMPENSATION
$100K
AGE
60
TENURE
4.5 yrs

Alexandre Van Damme

TITLE
Independent Director of Restaurant Brands International Inc.
COMPENSATION
$120K
AGE
56
TENURE
4.5 yrs

Neil Golden

TITLE
Independent Director of Restaurant Brands International Inc.
COMPENSATION
$250K
AGE
56
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Restaurant Brands International Limited Partnership's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Restaurant Brands International Limited Partnership has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0RT News

Simply Wall St News

0RT Company Info

Description

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; fast food hamburgers primarily under the Burger King brand; and chicken under the Popeyes brand name. As of December 31, 2018, the company owned or franchised a total of 4,846 Tim Hortons restaurants; 17,796 Burger King restaurants; and 3,102 Popeyes restaurants in approximately 100 countries and the United States. Restaurant Brands International Inc. serves as the general partner of the company. The company was formerly known as New Red Canada Limited Partnership and changed its name to Restaurant Brands International Limited Partnership in December 2014. The company was founded in 1954 and is headquartered in Toronto, Canada. Restaurant Brands International Limited Partnership is a subsidiary of Restaurant Brands International Inc.

Details
Name: Restaurant Brands International Limited Partnership
0RT
Exchange: DB
Founded: 1954
CA$24,762,974,303
409,368,810
Website: http://www.rbi.com
Address: Restaurant Brands International Limited Partnership
130 King Street West,
Suite 300,
Toronto,
Ontario, M5X 1E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX QSP.UN Partnership Exchangeable Units The Toronto Stock Exchange CA CAD 11. Dec 2014
OTCPK RSTR.F Partnership Exchangeable Units Pink Sheets LLC US USD 11. Dec 2014
DB 0RT Partnership Exchangeable Units Deutsche Boerse AG DE EUR 11. Dec 2014
Number of employees
Current staff
Staff numbers
6,000
Restaurant Brands International Limited Partnership employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:01
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.