Restaurant Brands New Zealand Limited

NZSE:RBD Stock Report

Market Cap: NZ$456.6m

Restaurant Brands New Zealand Valuation

Is RBD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RBD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RBD (NZ$3.66) is trading below our estimate of fair value (NZ$8.06)

Significantly Below Fair Value: RBD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RBD?

Other financial metrics that can be useful for relative valuation.

RBD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA9x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does RBD's PE Ratio compare to its peers?

The above table shows the PE ratio for RBD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33x
BFG Burger Fuel Group
7.8xn/aNZ$10.4m
SVR Savor
23.9xn/aNZ$15.5m
MCK Millennium & Copthorne Hotels New Zealand
77.4xn/aNZ$279.5m
2729 TTFB
22.7xn/aNT$7.9b
RBD Restaurant Brands New Zealand
17.1x17.4%NZ$456.6m

Price-To-Earnings vs Peers: RBD is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (33x).

Price to Earnings Ratio vs Industry

How does RBD's PE Ratio compare vs other companies in the Oceanian Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.8%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.8%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: RBD is good value based on its Price-To-Earnings Ratio (17.1x) compared to the Oceanic Hospitality industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is RBD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RBD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RBD's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RBD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$3.66
NZ$4.18
+14.1%
9.0%NZ$4.55NZ$3.80n/a2
Nov ’25NZ$3.38
NZ$4.18
+23.5%
9.0%NZ$4.55NZ$3.80n/a2
Oct ’25NZ$3.75
NZ$4.18
+11.3%
9.0%NZ$4.55NZ$3.80n/a2
Sep ’25NZ$3.46
NZ$5.94
+71.5%
36.0%NZ$8.07NZ$3.80n/a2
Aug ’25NZ$3.10
NZ$5.72
+84.4%
30.0%NZ$7.43NZ$4.00n/a2
Jul ’25NZ$2.89
NZ$5.72
+97.8%
30.0%NZ$7.43NZ$4.00n/a2
Jun ’25NZ$3.43
NZ$5.72
+66.6%
30.0%NZ$7.43NZ$4.00n/a2
May ’25NZ$3.52
NZ$5.72
+62.4%
30.0%NZ$7.43NZ$4.00n/a2
Apr ’25NZ$3.50
NZ$5.72
+63.3%
30.0%NZ$7.43NZ$4.00n/a2
Mar ’25NZ$3.24
NZ$5.72
+76.4%
30.0%NZ$7.43NZ$4.00n/a2
Feb ’25NZ$4.03
NZ$5.86
+45.4%
35.2%NZ$8.78NZ$4.40n/a3
Jan ’25NZ$3.98
NZ$5.64
+41.8%
39.3%NZ$8.78NZ$4.00n/a3
Dec ’24NZ$4.10
NZ$5.64
+37.6%
39.3%NZ$8.78NZ$4.00n/a3
Nov ’24NZ$3.83
NZ$5.64
+47.3%
39.3%NZ$8.78NZ$4.00NZ$3.383
Oct ’24NZ$4.30
NZ$5.93
+37.8%
34.2%NZ$8.78NZ$4.25NZ$3.753
Sep ’24NZ$4.45
NZ$5.93
+33.2%
34.2%NZ$8.78NZ$4.25NZ$3.463
Aug ’24NZ$6.46
NZ$7.66
+18.6%
23.8%NZ$10.24NZ$6.20NZ$3.103
Jul ’24NZ$6.25
NZ$7.66
+22.6%
23.8%NZ$10.24NZ$6.20NZ$2.893
Jun ’24NZ$6.80
NZ$7.66
+12.7%
23.8%NZ$10.24NZ$6.20NZ$3.433
May ’24NZ$7.42
NZ$8.98
+21.0%
28.9%NZ$12.64NZ$7.00NZ$3.523
Apr ’24NZ$6.72
NZ$8.98
+33.6%
28.9%NZ$12.64NZ$7.00NZ$3.503
Mar ’24NZ$6.17
NZ$9.06
+46.9%
28.0%NZ$12.64NZ$7.00NZ$3.243
Feb ’24NZ$6.30
NZ$9.14
+45.1%
27.8%NZ$12.72NZ$7.15NZ$4.033
Jan ’24NZ$5.75
NZ$10.49
+82.4%
15.1%NZ$12.72NZ$9.25NZ$3.983
Dec ’23NZ$6.65
NZ$10.49
+57.7%
15.1%NZ$12.72NZ$9.25NZ$4.103
Nov ’23NZ$7.27
NZ$10.68
+47.0%
16.7%NZ$13.20NZ$9.35NZ$3.833

Analyst Forecast: Target price is less than 20% higher than the current share price.

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