NZSE:RBD

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Restaurant Brands New Zealand

Executive Summary

Restaurant Brands New Zealand Limited, together with its subsidiaries, operates quick service and takeaway restaurants in New Zealand, Australia, Hawaii, Saipan, and Guam.


Snowflake Analysis

High growth potential with mediocre balance sheet.

Share Price & News

How has Restaurant Brands New Zealand's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RBD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.7%

RBD

0.5%

NZ Hospitality

1.0%

NZ Market


1 Year Return

40.6%

RBD

-19.7%

NZ Hospitality

4.0%

NZ Market

Return vs Industry: RBD exceeded the NZ Hospitality industry which returned -19.7% over the past year.

Return vs Market: RBD exceeded the NZ Market which returned 4% over the past year.


Shareholder returns

RBDIndustryMarket
7 Day-2.7%0.5%1.0%
30 Day5.0%3.3%5.3%
90 Day6.0%-8.5%-4.6%
1 Year40.6%40.6%-15.8%-19.7%8.3%4.0%
3 Year123.1%107.7%2.3%-11.9%40.9%22.4%
5 Year237.8%186.8%22.3%-4.8%89.4%46.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Restaurant Brands New Zealand undervalued compared to its fair value and its price relative to the market?

12.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RBD (NZ$12.65) is trading below our estimate of fair value (NZ$14.39)

Significantly Below Fair Value: RBD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RBD is poor value based on its PE Ratio (43.7x) compared to the Hospitality industry average (20.7x).

PE vs Market: RBD is poor value based on its PE Ratio (43.7x) compared to the NZ market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: RBD is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: RBD is overvalued based on its PB Ratio (7.6x) compared to the NZ Hospitality industry average (1.2x).


Next Steps

Future Growth

How is Restaurant Brands New Zealand forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

35.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBD's forecast earnings growth (35.5% per year) is above the savings rate (2.6%).

Earnings vs Market: RBD's earnings (35.5% per year) are forecast to grow faster than the NZ market (5.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RBD's revenue (10.5% per year) is forecast to grow faster than the NZ market (5% per year).

High Growth Revenue: RBD's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RBD's Return on Equity is forecast to be high in 3 years time (27.7%)


Next Steps

Past Performance

How has Restaurant Brands New Zealand performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBD has high quality earnings.

Growing Profit Margin: RBD's current net profit margins (4.1%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: RBD's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: RBD's earnings growth over the past year (0.1%) is below its 5-year average (10.9% per year).

Earnings vs Industry: RBD earnings growth over the past year (0.1%) underperformed the Hospitality industry 0.6%.


Return on Equity

High ROE: RBD's Return on Equity (17.4%) is considered low.


Next Steps

Financial Health

How is Restaurant Brands New Zealand's financial position?


Financial Position Analysis

Short Term Liabilities: RBD's short term assets (NZ$61.5M) do not cover its short term liabilities (NZ$206.6M).

Long Term Liabilities: RBD's short term assets (NZ$61.5M) do not cover its long term liabilities (NZ$465.3M).


Debt to Equity History and Analysis

Debt Level: RBD's debt to equity ratio (75.3%) is considered high.

Reducing Debt: RBD had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: RBD's debt is well covered by operating cash flow (67.2%).

Interest Coverage: RBD's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Restaurant Brands New Zealand's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RBD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RBD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RBD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RBD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RBD is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RBD's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Russel Creedy

12.75yrs

Tenure

NZ$957,528

Compensation

Mr. Russel Creedy has been Group Chief Executive Officer of Restaurant Brands New Zealand Ltd. since September 2007 and served as its Commercial Services Director. Mr. Creedy served as an Acting Chief Exec ...


CEO Compensation Analysis

Compensation vs Market: Russel's total compensation ($USD608.19K) is about average for companies of similar size in the NZ market ($USD669.48K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Russel Creedy
Group Chief Executive Officer12.75yrsNZ$957.53k0.085% NZ$1.4m
Grant Ellis
Group CFO & Company Secretary23yrsno data0.029% NZ$463.8k
Arif Khan
Group COO & CEO - NZ1.58yrsno datano data
Kenny Thein
Chief Information Officer0.58yrno datano data
Jennifer Buddle
Group Chief People Officer4.5yrsno datano data
Geraldine Oldham
Chief Marketing Officer of New Zealand Division1.25yrsno datano data
Herman Pretorius
New Zealand Chief Financial Officer3.25yrsno datano data
Brent Matsumoto
Chief Financial Officer of Hawaiian Operations3.25yrsno datano data
David Browne
Chief Financial Officer of Australian Division2.42yrsno datano data
Ashley Jones
Chief Executive Officer of Australian Division2.42yrsno datano data

2.8yrs

Average Tenure

Experienced Management: RBD's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Carlos Fernández González
Non-Executive Director0.92yrno datano data
Luis Álvarez Pérez
Non-Executive Director0.92yrNZ$36.00kno data
Stephen Ward
Independent Non-Executive Director0.92yrNZ$43.00kno data
Min Huei
Independent Non-Executive Director0.92yrNZ$43.00kno data
José Gutierrez
Chairman0.92yrNZ$56.00kno data
Emilio Botella
Independent Non-Executive Director1.17yrsNZ$68.00kno data

0.9yrs

Average Tenure

Experienced Board: RBD's board of directors are not considered experienced ( 0.9 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

Restaurant Brands New Zealand Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Restaurant Brands New Zealand Limited
  • Ticker: RBD
  • Exchange: NZSE
  • Founded: 1997
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: NZ$1.603b
  • Shares outstanding: 124.76m
  • Website: https://www.restaurantbrands.co.nz

Number of Employees


Location

  • Restaurant Brands New Zealand Limited
  • Building 7
  • Level 3, Central Park
  • Auckland
  • 1061
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RTBR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1997
RBDNZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDJun 1997
RBDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 1997

Biography

Restaurant Brands New Zealand Limited, together with its subsidiaries, operates quick service and takeaway restaurants in New Zealand, Australia, Hawaii, Saipan, and Guam. The company operates the KFC, Pizza Hut, and Carl’s Jr. brands in New Zealand; the KFC brand in Australia; and the Taco Bell and Pizza Hut brands in Hawaii, Guam, and Saipan. As of March 6, 2019, it operated 94 KFC New Zealand stores; 98 Pizza Hut New Zealand stores, including 68 Pizza Hut stores operated by independent franchisees; 18 Carl's Jr. stores; 61 KFC Australia stores; 36 Taco Bell Hawaii stores; and 44 Pizza Hut Hawaii stores. Restaurant Brands New Zealand Limited was founded in 1997 and is based in Auckland, New Zealand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 10:32
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.