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Dine Brands Global

NYSE:DIN
Snowflake Description

Average dividend payer and slightly overvalued.

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

Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. The last earnings update was 76 days ago. More info.


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DIN Share Price and Events
7 Day Returns
1.9%
NYSE:DIN
0.4%
US Hospitality
0.8%
US Market
1 Year Returns
40.8%
NYSE:DIN
-4.1%
US Hospitality
4.8%
US Market
DIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dine Brands Global (DIN) 1.9% 2.6% 13.9% 40.8% 21.2% 29.8%
US Hospitality 0.4% 2.6% -1.4% -4.1% 45.8% 25.5%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • DIN outperformed the Hospitality industry which returned -4.1% over the past year.
  • DIN outperformed the Market in United States of America which returned 4.8% over the past year.
Price Volatility
DIN
Industry
5yr Volatility vs Market

DIN Value

 Is Dine Brands Global 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 Dine Brands Global 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 Dine Brands Global.

NYSE:DIN 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 11.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:DIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
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))
= 0.923 (1 + (1- 21%) (107.28%))
1.472
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.472 * 5.96%)
11.51%

Discounted Cash Flow Calculation for NYSE:DIN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dine Brands Global 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.

NYSE:DIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.51%)
2020 159.19 Analyst x2 142.76
2021 166.59 Est @ 4.65% 133.99
2022 173.38 Est @ 4.08% 125.06
2023 179.75 Est @ 3.67% 116.27
2024 185.84 Est @ 3.39% 107.81
2025 191.77 Est @ 3.19% 99.77
2026 197.62 Est @ 3.05% 92.21
2027 203.47 Est @ 2.96% 85.14
2028 209.34 Est @ 2.89% 78.56
2029 215.29 Est @ 2.84% 72.45
Present value of next 10 years cash flows $1,054.01
NYSE:DIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $215.29 × (1 + 2.73%) ÷ (11.51% – 2.73%)
$2,520.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,520.25 ÷ (1 + 11.51%)10
$848.16
NYSE:DIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,054.01 + $848.16
$1,902.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,902.17 / 17.54
$108.48
NYSE:DIN Discount to Share Price
Calculation Result
Value per share (USD) From above. $108.48
Current discount Discount to share price of $99.31
= -1 x ($99.31 - $108.48) / $108.48
8.5%

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

Current Discount
Amount off the current price Dine Brands Global is available for.
Intrinsic value
8%
Share price is $99.31 vs Future cash flow value of $108.48
Current Discount Checks
For Dine Brands Global to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dine Brands Global's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Dine Brands Global's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Dine Brands Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dine Brands Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:DIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $5.26
NYSE:DIN Share Price ** NYSE (2019-07-15) in USD $99.31
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 21.55x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

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

** Primary Listing of Dine Brands Global.

NYSE:DIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DIN Share Price ÷ EPS (both in USD)

= 99.31 ÷ 5.26

18.9x

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

  • Dine Brands Global is good value based on earnings compared to the US Hospitality industry average.
  • Dine Brands Global is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Dine Brands Global's expected growth come at a high price?
Raw Data
NYSE:DIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
19.4%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 56 Publicly-Listed Hospitality Companies 1.9x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

NYSE:DIN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.9x ÷ 19.4%

0.97x

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

  • Dine Brands Global is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Dine Brands Global's assets?
Raw Data
NYSE:DIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-10.81
NYSE:DIN Share Price * NYSE (2019-07-15) in USD $99.31
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.24x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:DIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DIN Share Price ÷ Book Value per Share (both in USD)

= 99.31 ÷ -10.81

-9.19x

* Primary Listing of Dine Brands Global.

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

  • Dine Brands Global has negative assets, we can't compare the value of its assets to the US Hospitality industry average.
X
Value checks
We assess Dine Brands Global'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. Dine Brands Global has a total score of 2/6, 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.

DIN Future Performance

 How is Dine Brands Global 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
19.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dine Brands Global expected to grow at an attractive rate?
  • Dine Brands Global's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dine Brands Global's earnings growth is expected to exceed the United States of America market average.
  • Dine Brands Global's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:DIN Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:DIN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 19.4%
NYSE:DIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.5%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
NYSE:DIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:DIN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,010 1
2021-12-31 987 1
2020-12-31 916 161 134 4
2019-12-31 934 155 117 4
NYSE:DIN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 830 153 92
2018-12-31 781 140 78
2018-09-30 743 96 121
2018-06-30 724 71 -344
2018-03-31 728 63 -335
2017-12-31 732 66 -336
2017-09-30 709 87 -385
2017-06-30 690 85 82
2017-03-31 662 100 87
2016-12-31 788 118 100
2016-09-30 651 127 101
2016-06-30 658 141 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dine Brands Global's earnings are expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
  • Dine Brands Global's revenue is expected to grow by 3.5% 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
NYSE:DIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Dine Brands Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DIN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 8.03 8.68 7.37 2.00
2019-12-31 6.74 7.06 6.42 2.00
NYSE:DIN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 5.26
2018-12-31 4.43
2018-09-30 6.89
2018-06-30 -19.47
2018-03-31 -18.89
2017-12-31 -18.96
2017-09-30 -21.68
2017-06-30 4.61
2017-03-31 4.85
2016-12-31 5.52
2016-09-30 5.54
2016-06-30 5.49

*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 Dine Brands Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dine Brands Global'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Dine Brands Global has a total score of 2/6, 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.

DIN Past Performance

  How has Dine Brands Global 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 Dine Brands Global'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.
  • Dine Brands Global's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Dine Brands Global has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Dine Brands Global has become profitable in the last year making it difficult to compare the US Hospitality industry average.
Earnings and Revenue History
Dine Brands Global'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 Dine Brands Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:DIN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 829.95 91.67 167.59
2018-12-31 780.93 77.64 166.68
2018-09-30 743.44 121.38 152.80
2018-06-30 724.24 -344.26 150.08
2018-03-31 728.43 -334.79 148.69
2017-12-31 731.73 -335.98 148.28
2017-09-30 709.19 -384.72 152.30
2017-06-30 690.31 82.07 152.87
2017-03-31 661.91 86.76 151.52
2016-12-31 787.57 99.57 148.94
2016-09-30 651.10 100.54 154.38
2016-06-30 657.52 100.55 154.06
2016-03-31 668.81 100.64 152.62
2015-12-31 681.10 103.52 150.83
2015-09-30 674.21 56.51 150.16
2015-06-30 674.63 51.17 145.72
2015-03-31 663.60 43.49 145.96
2014-12-31 654.99 35.93 145.91
2014-09-30 648.48 75.81 141.42
2014-06-30 646.91 75.63 142.91
2014-03-31 644.50 73.41 143.74
2013-12-31 640.47 70.84 143.59
2013-09-30 641.20 71.09 142.51
2013-06-30 696.24 111.24 146.92
2013-03-31 767.52 110.49 148.52
2012-12-31 849.93 122.46 154.12
2012-09-30 933.47 131.63 157.28

*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.
  • It is difficult to establish if Dine Brands Global has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Dine Brands Global used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Dine Brands Global's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dine Brands Global'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.
Dine Brands Global has a total score of 1/6, 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.

DIN Health

 How is Dine Brands Global'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 Dine Brands Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dine Brands Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dine Brands Global's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dine Brands Global'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.
  • Dine Brands Global has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Dine Brands Global Company Filings, last reported 3 months ago.

NYSE:DIN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -190.82 1,274.92 132.93
2018-12-31 -202.27 1,299.09 137.16
2018-09-30 -213.39 1,296.53 102.67
2018-06-30 -223.25 1,298.06 95.72
2018-03-31 -216.89 1,280.43 96.40
2017-12-31 -215.54 1,282.81 117.01
2017-09-30 -216.68 1,281.95 104.21
2017-06-30 251.48 1,284.35 112.35
2017-03-31 245.33 1,283.52 129.25
2016-12-31 252.77 1,282.69 140.54
2016-09-30 256.53 1,281.87 107.82
2016-06-30 256.17 1,281.06 118.29
2016-03-31 260.31 1,280.26 140.33
2015-12-31 267.22 1,279.47 144.79
2015-09-30 275.31 1,300.00 105.89
2015-06-30 280.87 1,300.00 104.38
2015-03-31 288.19 1,300.00 133.47
2014-12-31 279.07 1,276.49 104.00
2014-09-30 317.38 1,207.48 132.86
2014-06-30 310.59 1,207.72 100.35
2014-03-31 318.18 1,207.97 133.22
2013-12-31 315.18 1,208.24 106.01
2013-09-30 310.00 1,209.72 95.54
2013-06-30 312.52 1,208.83 75.64
2013-03-31 321.00 1,209.14 117.38
2012-12-31 308.81 1,209.48 64.54
2012-09-30 283.11 1,240.13 71.84
  • Dine Brands Global has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Dine Brands Global's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Dine Brands Global'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. Dine Brands Global 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.

DIN Dividends

 What is Dine Brands Global'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
2.78%
Current annual income from Dine Brands Global dividends. Estimated to be 2.8% next year.
If you bought $2,000 of Dine Brands Global shares you are expected to receive $56 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?
  • Dine Brands Global's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Dine Brands Global's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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
NYSE:DIN 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
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:DIN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.76 1.00
2021-12-31 2.76 1.00
2020-12-31 2.85 3.00
2019-12-31 2.73 3.00
NYSE:DIN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-21 2.760 3.000
2018-10-09 2.520 3.095
2018-08-02 2.520 3.159
2018-02-20 2.520 3.524
2017-10-06 3.880 7.924
2017-08-10 3.880 9.572
2017-05-16 3.880 8.861
2017-02-23 3.880 7.174
2016-07-28 3.680 4.790
2016-05-16 3.680 4.426
2016-05-05 3.680 4.423
2015-10-02 3.680 4.231
2015-07-31 3.500 3.639
2015-05-19 3.500 3.529
2015-02-25 3.500 3.397
2014-10-28 3.500 3.458
2014-08-04 3.000 3.640
2014-05-29 3.000 3.772
2014-02-26 3.000 3.783
2013-10-03 3.000 3.783
2013-08-02 3.000 4.413
2013-05-14 3.000 4.252
2013-02-27 3.000 4.260
2010-07-30 0.000 0.000
2010-07-29 0.000 0.000
2010-05-05 0.000 0.000
2010-05-04 0.000 0.000
2010-03-05 0.000 0.000
2010-03-04 0.000 0.000
2009-10-28 0.000 0.000
2009-10-27 0.000 0.000
2009-07-30 0.000 0.000
2009-07-28 0.000 0.000
2009-04-30 0.000 0.000
2009-04-28 0.000 0.000
2008-12-11 0.000 0.000
2008-10-07 1.000 9.027

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Dine Brands Global's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Dine Brands Global'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 Dine Brands Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dine Brands Global has a total score of 4/6, see the detailed checks below.


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

DIN Management

 What is the CEO of Dine Brands Global'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
Steve Joyce
COMPENSATION $2,570,703
AGE 59
TENURE AS CEO 1.8 years
CEO Bio

Mr. Stephen P. Joyce, also known as Steve, has been the Chief Executive Officer of Dine Brands Global, Inc. (Also known as DineEquity, Inc.) since September 12, 2017. Mr. Joyce served as the Chief Executive Officer of Choice Hotels International, Inc. from May 2016 to September 11, 2017 and served as its President from May 1, 2008 to May 24, 2016, Chief Operating Officer from May 1, 2008 to June 2008 and Director from 2008 to September 2017. He served as Secretary of International Franchise Association. From 1982 to 2008, Mr. Joyce was with Marriott International, Inc., where he served as an Executive Vice President of Global Development/Owner and Franchise Services from 2005 to 2008 and served as its Executive Vice President, Owner and Franchise Services/North American Full Service Development from 2003 to 2005. He joined Marriott in 1982 in corporate internal audit and operational consulting and held variety of roles in franchising, finance and operational consulting. He has 26 years of experience. He joined Marriott Lodging in 1988. He served as Senior Manager of Marriott's Corporate Finance Group and Partnership and Syndication Group and also served as a Financial and Operational Consultant. Mr. Joyce has been a Director of Interstate Hotels Corporation since May 1999. He has been an Independent Director of Hospitality Investors Trust, Inc. since March 31, 2017. He serves as a Director of International Franchise Association. He has been an Director of Dine Brands Global, Inc. since February 2, 2012. He serves as a National Chairman of the U.S. Travel Association (USTA), Secretary and a Member of the executive cozmmittee of the International Franchise Association (IFA), and in leadership roles for the American Hotel & Lodging Association (AHLA). He serves as a Trustee of Service Source Foundation and Autism Learning Center. Stephen P. Joyce was elected to the Board of Directors, following approval as an Approved Independent Director by the Brookfield Investor pursuant to its rights as the holder of the Redeemable Preferred Share, in connection with the Initial Closing in March 2017 and was also then appointed as a member of the compensation committee and the conflicts committee. We believe that Mr. Joyce’s experience as a director and executive of the companies described above, as well as his experience and expertise in the hospitality industry, make him a valuable and well qualified member of the Board of Directors. Mr. Joyce holds a Bachelor's Degree in Commerce from the University of Virginia and has done graduate work at the Wharton School of the University of Pennsylvania and the Aspen Institute.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Dine Brands Global management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the Dine Brands Global management team is less than 2 years, this suggests a new team.
Management Team

Steve Joyce

TITLE
CEO & Director
COMPENSATION
$3M
AGE
59
TENURE
1.8 yrs

Thomas Song

TITLE
CFO & Principal Accounting Officer
COMPENSATION
$3M
AGE
47
TENURE
1.2 yrs

Bryan Adel

TITLE
Senior VP of Legal
COMPENSATION
$2M
AGE
56
TENURE
8.9 yrs

John Cywinski

TITLE
President of Applebee’s Business Unit
COMPENSATION
$4M
AGE
56
TENURE
2.3 yrs

Adrian Butler

TITLE
Chief Information Officer & Senior VP
TENURE
3.7 yrs

Ken Diptee

TITLE
Executive Director of Investor Relations

Amy Mason

TITLE
Senior Vice President of Global Communications & Consumer Insights
TENURE
2.1 yrs

Gregory R. Bever

TITLE
Senior VP & Chief People Officer
TENURE
1.3 yrs

Charles Scaccia

TITLE
Senior Vice President of Operations
TENURE
0.1 yrs

Jay Johns

TITLE
President of IHOP
AGE
58
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Dine Brands Global board of directors in years:

10
Average Tenure
67
Average Age
  • The average tenure for the Dine Brands Global board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Richard Dahl

TITLE
Independent Chairman
COMPENSATION
$316K
AGE
67
TENURE
2.3 yrs

Steve Joyce

TITLE
CEO & Director
COMPENSATION
$3M
AGE
59
TENURE
7.4 yrs

Caroline Nahas

TITLE
Independent Director
COMPENSATION
$200K
AGE
70
TENURE
27.5 yrs

Dan Brestle

TITLE
Independent Director
COMPENSATION
$198K
AGE
73
TENURE
10 yrs

Doug Pasquale

TITLE
Independent Director
COMPENSATION
$206K
AGE
64
TENURE
6.3 yrs

Larry Kay

TITLE
Independent Director
COMPENSATION
$183K
AGE
72
TENURE
32.2 yrs

Gilbert Ray

TITLE
Independent Director
COMPENSATION
$191K
AGE
75
TENURE
14.6 yrs

Howard Berk

TITLE
Independent Director
COMPENSATION
$201K
AGE
54
TENURE
10.4 yrs

Lilian Tomovich

TITLE
Independent Director
COMPENSATION
$183K
AGE
51
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • Dine Brands Global individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. May 19 Sell Larry Kay Individual 17. May 19 17. May 19 -400 $89.16 $-35,663
13. May 19 Sell Larry Kay Individual 10. May 19 10. May 19 -400 $88.94 $-35,567
04. Mar 19 Sell Bryan Adel Individual 01. Mar 19 01. Mar 19 -2,000 $99.00 $-198,000
27. Feb 19 Sell Larry Kay Individual 26. Feb 19 26. Feb 19 -700 $99.00 $-69,300
08. Nov 18 Sell Larry Kay Individual 07. Nov 18 07. Nov 18 -400 $90.32 $-36,127
09. Aug 18 Sell Larry Kay Individual 08. Aug 18 08. Aug 18 -415 $71.81 $-29,801
X
Management checks
We assess Dine Brands Global'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. Dine Brands Global 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.

DIN News

Simply Wall St News

Is Dine Brands Global, Inc.'s (NYSE:DIN) Capital Allocation Ability Worth Your Time?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Dine Brands Global: 0.11 = US$194m ÷ (US$2.1b - US$303m) (Based on the trailing twelve months to March 2019.) So, Dine Brands Global has an ROCE of 11%. … What Are Current Liabilities, And How Do They Affect Dine Brands Global's ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Dine Brands Global, Inc. (NYSE:DIN) Is Yielding 2.8% - But Is It A Buy?

Investors might not know much about Dine Brands Global's dividend prospects, even though it has been paying dividends for the last six years and offers a 2.8% yield. … NYSE:DIN Historical Dividend Yield, June 12th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. So we need to form a view on if a company's dividend is sustainable, relative to its net profit after tax. Looking at the data, we can see that 49% of Dine Brands Global's profits were paid out as dividends in the last 12 months. A medium payout ratio strikes a good balance between paying dividends, and keeping enough back to invest in the business. One of the risks is that management reinvests the retained capital poorly instead of paying a higher dividend. Another important check we do is to see if the free cash flow generated is sufficient to pay the dividend. Dine Brands Global paid out a conservative 37% of its free cash flow as dividends last year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. Is Dine Brands Global's Balance Sheet Risky? As Dine Brands Global has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Dine Brands Global has been paying a dividend for the past six years.

Simply Wall St -

A Look At The Fair Value Of Dine Brands Global, Inc. (NYSE:DIN)

(NYSE:DIN) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $150.69 $159.19 $166.59 $173.38 $179.75 $185.84 $191.77 $197.62 $203.47 $209.34 Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 4.65% Est @ 4.08% Est @ 3.67% Est @ 3.39% Est @ 3.19% Est @ 3.05% Est @ 2.96% Est @ 2.89% Present Value ($, Millions) Discounted @ 11.98% $134.56 $126.95 $118.64 $110.27 $102.09 $94.25 $86.86 $79.93 $73.49 $67.52 Present Value of 10-year Cash Flow (PVCF)= $994.56m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$209m × (1 + 2.7%) ÷ (12% – 2.7%) = US$2.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$2.3b ÷ ( 1 + 12%)10 = $749.95m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $1.74b.

Simply Wall St -

Update: Dine Brands Global (NYSE:DIN) Stock Gained 20% In The Last Year

During the last year Dine Brands Global grew its earnings per share, moving from a loss to a profit. … We know that Dine Brands Global has improved its bottom line lately, but is it going to grow revenue … Check if analysts think Dine Brands Global will grow revenue in the future.

Simply Wall St -

Dine Brands Global, Inc. (NYSE:DIN) Will Pay US$0.69 In Dividends

(NYSE:DIN): The dividend payment of US$0.69 per share will be distributed to shareholders on 05 April 2019, and the stock will begin trading ex-dividend at an earlier date, 19 March 2019. … 5 checks you should use to assess a dividend stock? … If you are a dividend investor, you should always assess these five key metrics:?

Simply Wall St -

Dine Brands Global, Inc. (NYSE:DIN): What Does The Future Look Like?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … (NYSE:DIN) released its earnings announcement on 31 December 2018,

Simply Wall St -

Examining Dine Brands Global, Inc.’s (NYSE:DIN) Weak 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 -

Should You Buy Dine Brands Global Inc (NYSE:DIN) For Its Dividend?

Historically, Dine Brands Global Inc (NYSE:DIN) has paid dividends to shareholders, and these days it yields 2.7%. … Let's dig deeper into whether Dine Brands Global should have a place in your portfolio. … See our latest analysis for Dine Brands Global

Simply Wall St -

Understanding Your Return On Investment In Dine Brands Global Inc (NYSE:DIN)

and want to better understand how you can grow your money by investing in Dine Brands Global Inc (NYSE:DIN). … Purchasing Dine Brands Global gives you an ownership stake in the company. … Thus, to understand how your money can grow by investing in Dine Brands Global, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is It Too Late To Buy Dine Brands Global Inc (NYSE:DIN)?

Dine Brands Global Inc (NYSE:DIN), a hospitality company based in United States,. … Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Let’s take a look at Dine Brands Global’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

DIN Company Info

Description

Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill + Bar (Applebee's) in the bar and grill segment of the casual dining category; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry. Its Applebee’s restaurants offer American fare with drinks and drafts; and IHOP restaurants provide full table services, and food and beverage offerings. As of December 31, 2018, the company had 1,768 Applebee's franchised restaurants, and 1,831 IHOP franchised and area licensed restaurants. It is also involved in the lease or sublease of 676 IHOP franchised restaurants and 1 Applebee’s franchised restaurant; and the financing of franchise fees and equipment leases. The company was formerly known as DineEquity, Inc. and changed its name to Dine Brands Global, Inc. in February 2018. Dine Brands Global, Inc. was founded in 1958 and is based in Glendale, California.

Details
Name: Dine Brands Global, Inc.
DIN
Exchange: NYSE
Founded: 1958
$1,741,405,418
17,535,046
Website: http://www.dinebrands.com
Address: Dine Brands Global, Inc.
450 North Brand Boulevard,
Glendale,
California, 91203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DIN Common Stock New York Stock Exchange US USD 12. Jul 1991
DB IHP Common Stock Deutsche Boerse AG DE EUR 12. Jul 1991
Number of employees
Current staff
Staff numbers
1,930
Dine Brands Global employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:25
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/01
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.