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RBD

Restaurant Brands New ZealandNZSE:RBD Stock Report

Market Cap

NZ$2.0b

7D

-1.3%

1Y

30.1%

Updated

18 Oct, 2021

Data

Company Financials +
RBD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance6/6
Financial Health1/6
Dividends0/6

RBD Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Restaurant Brands New Zealand
Historical stock prices
Current Share PriceNZ$15.53
52 Week HighNZ$11.01
52 Week LowNZ$16.25
Beta0.93
1 Month Change0.58%
3 Month Change-2.02%
1 Year Change30.07%
3 Year Change82.71%
5 Year Change184.43%
Change since IPO575.67%

Recent News & Updates

Jun 06
Should You Think About Buying Restaurant Brands New Zealand Limited (NZSE:RBD) Now?

Should You Think About Buying Restaurant Brands New Zealand Limited (NZSE:RBD) Now?

Restaurant Brands New Zealand Limited ( NZSE:RBD ), might not be a large cap stock, but it saw a decent share price...

May 22
Is Restaurant Brands New Zealand (NZSE:RBD) Using Too Much Debt?

Is Restaurant Brands New Zealand (NZSE:RBD) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

RBDNZ HospitalityNZ Market
7D-1.3%-2.3%-0.5%
1Y30.1%13.6%2.2%

Return vs Industry: RBD exceeded the NZ Hospitality industry which returned 13.6% over the past year.

Return vs Market: RBD exceeded the NZ Market which returned 2.2% over the past year.

Price Volatility

Is RBD's price volatile compared to industry and market?
RBD volatility
RBD Beta0.93
Industry Beta1.11
Market Beta1

Stable Share Price: RBD is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1997n/aRussel Creedyhttps://www.restaurantbrands.co.nz

Restaurant Brands New Zealand Limited, together with its subsidiaries, operates quick service and takeaway restaurants in New Zealand, Australia, California, Hawaii, Saipan, and Guam. The company operates the KFC, Pizza Hut, Carl’s Jr., and Taco Bell brands in New Zealand; the KFC brand in Australia and California; and the Taco Bell and Pizza Hut brands in Hawaii, Guam, and Saipan. As of September 22, 2020, it operated 353 stores, including 101 KFC stores in New Zealand, 62 KFC stores in Australia, 37 Taco Bell stores in Hawaii, 2 Taco Bell stores in New Zealand, 2 Taco Bell stores in Australia, 24 Pizza Hut stores in New Zealand, 38 Pizza Hut stores in Hawaii, 69 KFC stores in California, and 18 Carl’s Jr. stores in New Zealand stores.

Restaurant Brands New Zealand Fundamentals Summary

How do Restaurant Brands New Zealand's earnings and revenue compare to its market cap?
RBD fundamental statistics
Market CapNZ$1.96b
Earnings (TTM)NZ$54.23m
Revenue (TTM)NZ$1.09b

35.7x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBD income statement (TTM)
RevenueNZ$1.09b
Cost of RevenueNZ$876.46m
Gross ProfitNZ$216.43m
ExpensesNZ$162.19m
EarningsNZ$54.23m

Valuation

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

35.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RBD (NZ$15.53) is trading above our estimate of fair value (NZ$14.34)

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


Price To Earnings Ratio

PE vs Industry: RBD is poor value based on its PE Ratio (35.7x) compared to the Oceanic Hospitality industry average (27.9x).

PE vs Market: RBD is poor value based on its PE Ratio (35.7x) compared to the NZ market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: RBD is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: RBD is overvalued based on its PB Ratio (7.2x) compared to the NZ Hospitality industry average (1.9x).


Future Growth

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

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBD's forecast earnings growth (15.9% per year) is above the savings rate (2.1%).

Earnings vs Market: RBD's earnings (15.9% per year) are forecast to grow faster than the NZ market (9.2% per year).

High Growth Earnings: RBD's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBD's revenue (9.1% per year) is forecast to grow faster than the NZ market (5.2% per year).

High Growth Revenue: RBD's revenue (9.1% 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 (31.4%)


Past Performance

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

11.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBD has high quality earnings.

Growing Profit Margin: RBD's current net profit margins (5%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: RBD's earnings have grown by 11.2% per year over the past 5 years.

Accelerating Growth: RBD's earnings growth over the past year (61.7%) exceeds its 5-year average (11.2% per year).

Earnings vs Industry: RBD earnings growth over the past year (61.7%) exceeded the Hospitality industry 4.2%.


Return on Equity

High ROE: RBD's Return on Equity (20.1%) is considered high.


Financial Health

How is Restaurant Brands New Zealand's financial position?


Financial Position Analysis

Short Term Liabilities: RBD's short term assets (NZ$61.4M) do not cover its short term liabilities (NZ$129.6M).

Long Term Liabilities: RBD's short term assets (NZ$61.4M) do not cover its long term liabilities (NZ$827.2M).


Debt to Equity History and Analysis

Debt Level: RBD's debt to equity ratio (83%) is considered high.

Reducing Debt: RBD's debt to equity ratio has increased from 70.5% to 83% over the past 5 years.

Debt Coverage: RBD's debt is well covered by operating cash flow (60.8%).

Interest Coverage: RBD's interest payments on its debt are not well covered by EBIT (3x coverage).


Balance Sheet


Dividend

What is Restaurant Brands New Zealand 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?

3.8yrs

Average management tenure


CEO

Russel Creedy

14.08yrs

Tenure

NZ$2,302,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Russel's total compensation ($USD1.63M) is above average for companies of similar size in the NZ market ($USD1.16M).

Compensation vs Earnings: Russel's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: RBD's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: RBD's board of directors are not considered experienced ( 2.3 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.


Recent Insider Transactions

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 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$1.962b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 06:01
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
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.