Loading...

Restaurant Brands New Zealand

NZSE:RBD
Snowflake Description

Moderate growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RBD
NZSE
NZ$1B
Market Cap
  1. Home
  2. NZ
  3. Consumer Services
Company description

Restaurant Brands New Zealand Limited, together with its subsidiaries, operates quick service and takeaway restaurants in New Zealand, Australia, Hawaii, Saipan, and Guam. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
RBD Share Price and Events
7 Day Returns
-3.8%
NZSE:RBD
-1.1%
NZ Hospitality
0.7%
NZ Market
1 Year Returns
13.8%
NZSE:RBD
0.2%
NZ Hospitality
12.5%
NZ Market
RBD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Restaurant Brands New Zealand (RBD) -3.8% 5.6% 3.5% 13.8% 65.4% 170.6%
NZ Hospitality -1.1% -0.9% -1.7% 0.2% -1% 23.6%
NZ Market 0.7% 2.1% 7.4% 12.5% 26.9% 51.2%
1 Year Return vs Industry and Market
  • RBD outperformed the Hospitality industry which returned 0.2% over the past year.
  • RBD outperformed the Market in New Zealand which returned 12.5% over the past year.
Price Volatility
RBD
Industry
5yr Volatility vs Market

Value

 Is Restaurant Brands New Zealand 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 New Zealand 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 New Zealand.

NZSE:RBD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year NZ Government Bond Rate 2.4%

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 NZSE:RBD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NZ Govt Bond Rate 2.4%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.927 (1 + (1- 28%) (13.11%))
1.01
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.37% + (1.01 * 5.96%)
8.39%

Discounted Cash Flow Calculation for NZSE:RBD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Restaurant Brands New Zealand 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.

NZSE:RBD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 8.39%)
2019 45.00 Analyst x1 41.52
2020 35.00 Analyst x1 29.79
2021 43.00 Analyst x1 33.77
2022 35.00 Analyst x1 25.36
2023 30.22 Est @ -13.66% 20.20
2024 27.55 Est @ -8.85% 16.99
2025 26.04 Est @ -5.48% 14.81
2026 25.22 Est @ -3.13% 13.24
2027 24.85 Est @ -1.48% 12.04
2028 24.77 Est @ -0.32% 11.07
Present value of next 10 years cash flows NZ$218.79
NZSE:RBD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NZ$24.77 × (1 + 2.37%) ÷ (8.39% – 2.37%)
NZ$421.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$421.30 ÷ (1 + 8.39%)10
NZ$188.27
NZSE:RBD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$218.79 + NZ$188.27
NZ$407.05
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$407.05 / 124.76
NZ$3.26
NZSE:RBD Discount to Share Price
Calculation Result
Value per share (NZD) From above. NZ$3.26
Current discount Discount to share price of NZ$8.85
= -1 x (NZ$8.85 - NZ$3.26) / NZ$3.26
-171.2%

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

  • The current share price of Restaurant Brands New Zealand 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 New Zealand's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Restaurant Brands New Zealand's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:RBD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-25) in NZD NZ$0.29
NZSE:RBD Share Price ** NZSE (2019-05-23) in NZD NZ$8.85
Oceania Hospitality Industry PE Ratio Median Figure of 20 Publicly-Listed Hospitality Companies 17.84x
New Zealand Market PE Ratio Median Figure of 90 Publicly-Listed Companies 18.24x

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

** Primary Listing of Restaurant Brands New Zealand.

NZSE:RBD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:RBD Share Price ÷ EPS (both in NZD)

= 8.85 ÷ 0.29

30.76x

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

  • Restaurant Brands New Zealand is overvalued based on earnings compared to the Oceania Hospitality industry average.
  • Restaurant Brands New Zealand is overvalued based on earnings compared to the New Zealand market.
Price based on expected Growth
Does Restaurant Brands New Zealand's expected growth come at a high price?
Raw Data
NZSE:RBD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
17.1%per year
Oceania Hospitality Industry PEG Ratio Median Figure of 16 Publicly-Listed Hospitality Companies 1.8x
New Zealand Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NZSE:RBD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.76x ÷ 17.1%

1.8x

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

  • Restaurant Brands New Zealand is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Restaurant Brands New Zealand's assets?
Raw Data
NZSE:RBD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-25) in NZD NZ$1.80
NZSE:RBD Share Price * NZSE (2019-05-23) in NZD NZ$8.85
New Zealand Hospitality Industry PB Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 2.21x
New Zealand Market PB Ratio Median Figure of 126 Publicly-Listed Companies 1.55x
NZSE:RBD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:RBD Share Price ÷ Book Value per Share (both in NZD)

= 8.85 ÷ 1.80

4.91x

* Primary Listing of Restaurant Brands New Zealand.

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

  • Restaurant Brands New Zealand is overvalued based on assets compared to the NZ Hospitality industry average.
X
Value checks
We assess Restaurant Brands New Zealand'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 New Zealand 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.

Future Performance

 How is Restaurant Brands New Zealand expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Restaurant Brands New Zealand expected to grow at an attractive rate?
  • Restaurant Brands New Zealand's earnings growth is expected to exceed the low risk savings rate of 2.4%.
Growth vs Market Checks
  • Restaurant Brands New Zealand's earnings growth is expected to exceed the New Zealand market average.
  • Restaurant Brands New Zealand's revenue growth is expected to exceed the New Zealand market average.
Annual Growth Rates Comparison
Raw Data
NZSE:RBD Future Growth Rates Data Sources
Data Point Source Value (per year)
NZSE:RBD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 17.1%
NZSE:RBD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.7%
Oceania Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Oceania Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 7%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
NZSE:RBD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:RBD Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-02-28 1,007 108 61 4
2021-02-28 921 90 52 4
2020-02-29 858 80 45 4
2019-02-28 827 78 43 4
NZSE:RBD Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-02-25 825 71 36
2018-11-25 819 74 36
2018-09-10 812 77 37
2018-06-10 789 73 36
2018-02-26 766 68 35
2017-11-26 708 61 34
2017-09-11 651 55 32
2017-06-11 584 51 29
2017-02-27 518 48 26
2016-11-27 485 46 25
2016-09-12 453 45 24
2016-06-12 428 44 24
2016-02-29 404 44 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Restaurant Brands New Zealand's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
  • Restaurant Brands New Zealand's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
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
NZSE:RBD 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 4 Analyst Estimates (S&P Global) See Below

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

NZSE:RBD Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-02-28 0.49 0.51 0.47 2.00
2021-02-28 0.42 0.44 0.40 3.00
2020-02-29 0.36 0.39 0.34 3.00
2019-02-28 0.34 0.36 0.33 3.00
NZSE:RBD Past Financials Data
Date (Data in NZD Millions) EPS *
2019-02-25 0.29
2018-11-25 0.29
2018-09-10 0.30
2018-06-10 0.29
2018-02-26 0.29
2017-11-26 0.28
2017-09-11 0.27
2017-06-11 0.25
2017-02-27 0.24
2016-11-27 0.24
2016-09-12 0.24
2016-06-12 0.24
2016-02-29 0.25

*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.
  • Restaurant Brands New Zealand is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Restaurant Brands New Zealand'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 Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania 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 New Zealand has a total score of 3/6, 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.

Past Performance

  How has Restaurant Brands New Zealand 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 New Zealand'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 New Zealand's year on year earnings growth rate has been positive over the past 5 years.
  • Restaurant Brands New Zealand's 1-year earnings growth is less than its 5-year average (0.8% vs 12.4%)
  • Restaurant Brands New Zealand's earnings growth has not exceeded the Oceania Hospitality industry average in the past year (0.8% vs 11.1%).
Earnings and Revenue History
Restaurant Brands New Zealand'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 New Zealand Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:RBD Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-25 824.92 35.74 83.99
2018-11-25 818.56 36.27 81.59
2018-09-10 812.20 36.80 81.33
2018-06-10 789.25 36.13 79.21
2018-02-26 766.29 35.47 74.94
2017-11-26 708.46 33.50 70.13
2017-09-11 650.62 31.53 65.32
2017-06-11 584.09 28.74 58.28
2017-02-27 517.55 25.96 51.24
2016-11-27 485.05 25.06 48.54
2016-09-12 452.55 24.17 45.85
2016-06-12 428.32 24.12 42.72
2016-02-29 404.10 24.07 39.59
2015-11-30 401.53 24.91 39.06
2015-09-14 398.96 25.75 38.53
2015-06-14 385.78 24.79 37.43
2015-03-02 372.60 23.83 36.32
2014-12-02 359.51 22.79 34.42
2014-09-08 346.42 21.75 32.52
2014-06-08 338.41 20.85 31.36
2014-02-24 330.40 19.95 30.21
2013-11-24 326.04 19.47 29.72
2013-09-09 321.67 19.00 29.23
2013-06-09 317.24 17.58 29.41
2013-02-28 312.81 16.16 29.59
2012-11-30 311.04 16.20 29.65
2012-09-10 309.27 16.24 29.70
2012-06-10 309.10 16.58 29.61

*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.
  • Restaurant Brands New Zealand has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Restaurant Brands New Zealand used its assets more efficiently than the Oceania Hospitality industry average last year based on Return on Assets.
  • Restaurant Brands New Zealand's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Restaurant Brands New Zealand'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 New Zealand has a total score of 2/6, 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.

Health

 How is Restaurant Brands New Zealand'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 New Zealand's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Restaurant Brands New Zealand's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Restaurant Brands New Zealand's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Restaurant Brands New Zealand'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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 New Zealand Company Filings, last reported 2 months ago.

NZSE:RBD Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-25 224.67 145.85 15.03
2018-11-25 224.67 145.85 15.03
2018-09-10 217.08 159.58 12.00
2018-06-10 217.08 159.58 12.00
2018-02-26 201.61 166.82 10.14
2017-11-26 201.61 166.82 10.14
2017-09-11 193.24 133.07 8.70
2017-06-11 193.24 133.07 8.70
2017-02-27 192.06 46.91 70.39
2016-11-27 192.06 46.91 70.39
2016-09-12 97.49 73.07 5.32
2016-06-12 97.49 73.07 5.32
2016-02-29 75.62 13.01 1.09
2015-11-30 75.62 13.01 1.09
2015-09-14 73.30 8.58 1.13
2015-06-14 73.30 8.58 1.13
2015-03-02 71.21 22.75 1.58
2014-12-02 71.21 22.75 1.58
2014-09-08 66.32 5.71 0.88
2014-06-08 66.32 5.71 0.88
2014-02-24 64.66 8.34 0.77
2013-11-24 64.66 8.34 0.77
2013-09-09 60.76 10.39 0.64
2013-06-09 60.76 10.39 0.64
2013-02-28 60.33 15.09 0.80
2012-11-30 60.33 15.09 0.80
2012-09-10 57.38 6.82 0.71
2012-06-10 57.38 6.82 0.71
  • Restaurant Brands New Zealand's level of debt (64.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.8% vs 64.9% today).
  • Debt is well covered by operating cash flow (48.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.6x coverage).
X
Financial health checks
We assess Restaurant Brands New Zealand'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 New Zealand 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.

Dividends

 What is Restaurant Brands New Zealand'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
0%
Current annual income from Restaurant Brands New Zealand dividends. Estimated to be 0.46% next year.
If you bought NZ$2,000 of Restaurant Brands New Zealand shares you are expected to receive NZ$0 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?
  • Unable to evaluate Restaurant Brands New Zealand's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Restaurant Brands New Zealand's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NZSE:RBD 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 4 Analyst Estimates (S&P Global) See Below
Oceania Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.5%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.8%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 2.2%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.3%
New Zealand Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

NZSE:RBD Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2022-02-28 0.00 3.00
2021-02-28 0.09 4.00
2020-02-29 0.00 2.00
2019-02-28 0.22 4.00
NZSE:RBD Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.000 0.000
2018-10-18 0.000 0.000
2018-04-17 0.280 3.653
2017-04-20 0.230 3.496
2016-04-14 0.210 3.895
2015-04-16 0.190 4.492
2014-04-09 0.165 4.727
2013-04-04 0.160 5.589
2012-10-26 0.165 6.026
2012-04-03 0.160 7.443
2011-06-23 0.170 8.002
2010-10-18 0.150 5.916
2010-07-02 0.160 6.530
2009-10-15 0.085 4.615

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

  • Unable to perform a dividend volatility check as Restaurant Brands New Zealand has not reported any payouts.
  • Unable to verify if Restaurant Brands New Zealand's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Restaurant Brands New Zealand's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Restaurant Brands New Zealand has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Restaurant Brands New Zealand's dividends in 3 years as they are not expected to pay a notable one for New Zealand.
X
Income/ dividend checks
We assess Restaurant Brands New Zealand's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.2%) - 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 New Zealand afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Restaurant Brands New Zealand has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Restaurant Brands New Zealand'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
Russel Creedy
TENURE AS CEO 11.7 years
CEO Bio

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 Executive Officer of Restaurant Brands New Zealand Ltd. since March 14, 2007.

CEO Compensation
  • Insufficient data for Russel to compare compensation growth.
  • Insufficient data for Russel to establish whether their remuneration is reasonable compared to companies of similar size in New Zealand.
Management Team Tenure

Average tenure of the Restaurant Brands New Zealand management team in years:

2.2
Average Tenure
  • The tenure for the Restaurant Brands New Zealand management team is about average.
Management Team

Russel Creedy

TITLE
Group Chief Executive Officer
TENURE
11.7 yrs

Grant Ellis

TITLE
Group CFO & Secretary
TENURE
21.9 yrs

Arif Khan

TITLE
Group COO & CEO - NZ
TENURE
0.5 yrs

Jennifer Buddle

TITLE
Group Chief People Officer
TENURE
3.4 yrs

Geraldine Oldham

TITLE
Chief Marketing Officer of New Zealand Division
TENURE
0.2 yrs

Herman Pretorius

TITLE
New Zealand Chief Financial Officer
TENURE
2.2 yrs

Brent Matsumoto

TITLE
Chief Financial Officer of Hawaiian Operations
TENURE
2.2 yrs

David Browne

TITLE
Chief Financial Officer of Australian Division
TENURE
1.3 yrs

Ashley Jones

TITLE
Chief Executive Officer of Australian Division
TENURE
1.3 yrs

Kevin Kurihara

TITLE
Chief Executive Officer of Hawaiian Business
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure of the Restaurant Brands New Zealand board of directors in years:

2.5
Average Tenure
  • The average tenure for the Restaurant Brands New Zealand board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ted van Arkel

TITLE
Chairman
COMPENSATION
NZ$125K
AGE
75
TENURE
12.8 yrs

Hamish Stevens

TITLE
Independent Non-Executive Director
COMPENSATION
NZ$75K
TENURE
5 yrs

Jose Gutierrez

TITLE
Director
TENURE
0.1 yrs

Emilio Botella

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Restaurant Brands New Zealand insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NZ$) Value (NZ$)
07. Apr 19 Sell FIL Limited Company 03. Apr 19 03. Apr 19 -4,007,505 NZ$9.45 NZ$-37,870,923
07. Apr 19 Buy FIL Limited Company 25. Feb 19 03. Apr 19 1,437,002 NZ$9.17 NZ$0
05. Apr 19 Sell David Beguely Individual 01. Apr 19 01. Apr 19 -40,721 NZ$9.45 NZ$-384,813
X
Management checks
We assess Restaurant Brands New Zealand'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 New Zealand 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.

News

Simply Wall St News

Why We Like Restaurant Brands New Zealand Limited’s (NZSE:RBD) 17% Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Restaurant Brands New Zealand Limited's (NZSE:RBD) 17% Better Than Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Restaurant Brands New Zealand Limited (NZSE:RBD). … Over the last twelve months Restaurant Brands New Zealand has recorded a ROE of 17%. … That means that for every NZ$1 worth of shareholders' equity, it generated NZ$0.17 in profit.

Simply Wall St -

Restaurant Brands New Zealand Limited (NZSE:RBD): Why Return On Capital Employed Is Important

and looking to gauge the potential return on investment in Restaurant Brands New Zealand Limited (NZSE:RBD). … Buying Restaurant Brands New Zealand makes you a partial owner of the company. … To understand Restaurant Brands New Zealand’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What Should Investors Know About Restaurant Brands New Zealand Limited's (NZSE:RBD) Future?

In February 2018, Restaurant Brands New Zealand Limited (NZSE:RBD) released its earnings update. … with earnings expected to grow by 28.48% in the upcoming year … the past 5-year average growth rate of 11.37%

Simply Wall St -

What Should You Know About Restaurant Brands New Zealand Limited's (NZSE:RBD) Long Term Outlook?

The latest earnings release Restaurant Brands New Zealand Limited's (NZSE:RBD) announced in February 2018a

Simply Wall St -

Restaurant Brands New Zealand Limited (NZSE:RBD) Is Trading At A 23.82% Discount

In this article I am going to calculate the intrinsic value of Restaurant Brands New Zealand Limited (NZSE:RBD). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Restaurant Brands New Zealand Limited (NZSE:RBD) A Smart Choice For Dividend Investors?

Restaurant Brands New Zealand Limited (NZSE:RBD) has returned to shareholders over the past 10 years, an average dividend yield of 6.00% annually. … Let's take a look at Restaurant Brands New Zealand in more detail. … View our latest analysis for Restaurant Brands New Zealand

Simply Wall St -

Stock Pick Of The Day: Restaurant Brands New Zealand Limited (NZSE:RBD)

There's no stopping the Restaurant Brands New Zealand Limited (NZSE:RBD) growth train, with analysts forecasting high top-line growth in the near future. … I will touched on some key aspects you should know on a high level, around its financials and growth prospects going forward … Restaurant Brands New Zealand Limited, together with its subsidiaries, operates quick service and takeaway restaurants in New Zealand, Australia, Hawaii, Saipan, and Guam.

Simply Wall St -

Is Restaurant Brands New Zealand Limited's (NZSE:RBD) Growth Strong Enough To Justify Its July Share Price?

Restaurant Brands New Zealand Limited (NZSE:RBD) closed yesterday at NZ$7.9, which left some investors asking whether the high earnings potential can still be justified at this price. … See our latest analysis for Restaurant Brands New Zealand? … According to the analysts covering the company, the following few years should bring about good growth prospects for Restaurant Brands New Zealand

Simply Wall St -

How Did Restaurant Brands New Zealand Limited's (NZSE:RBD) 17.59% ROE Fare Against The Industry?

and want to better understand how you can grow your money by investing in Restaurant Brands New Zealand Limited (NZSE:RBD). … With an ROE of 17.59%, Restaurant Brands New Zealand Limited (NZSE:RBD) returned in-line to its own industry which delivered 15.20% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

Simply Wall St -

Company Info

Description

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.

Details
Name: Restaurant Brands New Zealand Limited
RBD
Exchange: NZSE
Founded: 1997
NZ$1,112,846,025
124,758,523
Website: http://www.restaurantbrands.co.nz
Address: Restaurant Brands New Zealand Limited
Building 7,
Level 3, Central Park,
Auckland,
1061,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE RBD Ordinary Shares New Zealand Stock Exchange NZ NZD 06. Jun 1997
OTCPK RTBR.F Ordinary Shares Pink Sheets LLC US USD 06. Jun 1997
ASX RBD Ordinary Shares Australian Securities Exchange AU AUD 06. Jun 1997
Number of employees
Current staff
Staff numbers
0
Restaurant Brands New Zealand employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 10:31
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/05
Last earnings filing: 2019/04/16
Last earnings reported: 2019/02/25
Last annual earnings reported: 2019/02/25


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.