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QSR

Restaurant Brands International NYSE:QSR Stock Report

Last Price

US$55.13

Market Cap

US$24.8b

7D

-1.1%

1Y

-9.3%

Updated

05 Oct, 2022

Data

Company Financials +
QSR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health1/6
Dividends3/6

QSR Stock Overview

Restaurant Brands International Inc. operates as quick service restaurant company in Canada and internationally.

Restaurant Brands International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Restaurant Brands International
Historical stock prices
Current Share PriceUS$55.13
52 Week HighUS$62.70
52 Week LowUS$46.68
Beta0.94
1 Month Change-6.91%
3 Month Change6.51%
1 Year Change-9.25%
3 Year Change-22.55%
5 Year Change-16.13%
Change since IPO50.18%

Recent News & Updates

Sep 13
What Is Restaurant Brands International Inc.'s (NYSE:QSR) Share Price Doing?

What Is Restaurant Brands International Inc.'s (NYSE:QSR) Share Price Doing?

Today we're going to take a look at the well-established Restaurant Brands International Inc. ( NYSE:QSR ). The...

Aug 30
Investors Will Want Restaurant Brands International's (NYSE:QSR) Growth In ROCE To Persist

Investors Will Want Restaurant Brands International's (NYSE:QSR) Growth In ROCE To Persist

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...

Shareholder Returns

QSRUS HospitalityUS Market
7D-1.1%4.7%4.4%
1Y-9.3%-28.4%-18.2%

Return vs Industry: QSR exceeded the US Hospitality industry which returned -28.4% over the past year.

Return vs Market: QSR exceeded the US Market which returned -18.2% over the past year.

Price Volatility

Is QSR's price volatile compared to industry and market?
QSR volatility
QSR Average Weekly Movement3.8%
Hospitality Industry Average Movement7.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: QSR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: QSR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19545,700Jos Cilhttps://www.rbi.com

Restaurant Brands International Inc. operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others.

Restaurant Brands International Fundamentals Summary

How do Restaurant Brands International's earnings and revenue compare to its market cap?
QSR fundamental statistics
Market CapUS$24.83b
Earnings (TTM)US$819.00m
Revenue (TTM)US$6.13b

20.6x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QSR income statement (TTM)
RevenueUS$6.13b
Cost of RevenueUS$3.60b
Gross ProfitUS$2.54b
Other ExpensesUS$1.72b
EarningsUS$819.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 03, 2022

Earnings per share (EPS)2.68
Gross Margin41.36%
Net Profit Margin13.36%
Debt/Equity Ratio331.5%

How did QSR perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

81%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

QSR 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/Revenue5.3x
Enterprise Value/EBITDA14.7x
PEG Ratio3.3x

Price to Earnings Ratio vs Peers

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

QSR PE Ratio vs Peers
The above table shows the PE ratio for QSR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.8x
YUMC Yum China Holdings
27.8x26.4%US$21.2b
YUM Yum! Brands
21.6x7.9%US$32.0b
DRI Darden Restaurants
17.8x7.2%US$16.3b
CMG Chipotle Mexican Grill
55.8x21.9%US$42.2b
QSR Restaurant Brands International
20.6x6.2%US$24.8b

Price-To-Earnings vs Peers: QSR is good value based on its Price-To-Earnings Ratio (20.6x) compared to the peer average (30.8x).


Price to Earnings Ratio vs Industry

How does QSR's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Earnings vs Industry: QSR is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the US Hospitality industry average (17.7x)


Price to Earnings Ratio vs Fair Ratio

What is QSR'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.

QSR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.6x
Fair PE Ratio34.9x

Price-To-Earnings vs Fair Ratio: QSR is good value based on its Price-To-Earnings Ratio (20.6x) compared to the estimated Fair Price-To-Earnings Ratio (34.9x).


Share Price vs Fair Value

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

Below Fair Value: QSR ($55.13) is trading below our estimate of fair value ($65.15)

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


Analyst Price Targets

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

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


Discover undervalued companies

Future Growth

How is Restaurant Brands International forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QSR's forecast earnings growth (6.2% per year) is above the savings rate (1.9%).

Earnings vs Market: QSR's earnings (6.2% per year) are forecast to grow slower than the US market (14.8% per year).

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

Revenue vs Market: QSR's revenue (5.1% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: QSR's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QSR's Return on Equity is forecast to be very high in 3 years time (91.7%).


Discover growth companies

Past Performance

How has Restaurant Brands International performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QSR has high quality earnings.

Growing Profit Margin: QSR's current net profit margins (13.4%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: QSR's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: QSR's earnings growth over the past year (21.5%) exceeds its 5-year average (6.6% per year).

Earnings vs Industry: QSR earnings growth over the past year (21.5%) underperformed the Hospitality industry 36.2%.


Return on Equity

High ROE: Whilst QSR's Return on Equity (30.88%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Restaurant Brands International's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: QSR's short term assets ($1.6B) do not cover its short term liabilities ($1.8B).

Long Term Liabilities: QSR's short term assets ($1.6B) do not cover its long term liabilities ($17.1B).


Debt to Equity History and Analysis

Debt Level: QSR's net debt to equity ratio (310.1%) is considered high.

Reducing Debt: QSR's debt to equity ratio has increased from 158.5% to 331.5% over the past 5 years.

Debt Coverage: QSR's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: QSR's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


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Dividend

What is Restaurant Brands International current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.92%

Current Dividend Yield

Dividend Yield vs Market

Restaurant Brands International Dividend Yield vs Market
How does Restaurant Brands International dividend yield compare to the market?
SegmentDividend Yield
Company (Restaurant Brands International)3.9%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Hospitality)1.9%
Analyst forecast in 3 Years (Restaurant Brands International)4.1%

Notable Dividend: QSR's dividend (3.92%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: QSR's dividend (3.92%) is low compared to the top 25% of dividend payers in the US market (4.53%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, QSR has been paying a dividend for less than 10 years.

Growing Dividend: QSR's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (81.1%), QSR's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62.1%), QSR's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

Jos Cil (52 yo)

3.75yrs

Tenure

US$13,968,788

Compensation

Mr. Jose E. Cil, also known as Jos, has been the Chief Executive Officer at Restaurant Brands International Inc., a General Partner of Restaurant Brands International Limited Partnership since January 23,...


CEO Compensation Analysis

Jos Cil's Compensation vs Restaurant Brands International Earnings
How has Jos Cil's remuneration changed compared to Restaurant Brands International's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$819m

Mar 31 2022n/an/a

US$842m

Dec 31 2021US$14mUS$921k

US$838m

Sep 30 2021n/an/a

US$750m

Jun 30 2021n/an/a

US$674m

Mar 31 2021n/an/a

US$521m

Dec 31 2020US$20mUS$553k

US$486m

Sep 30 2020n/an/a

US$560m

Jun 30 2020n/an/a

US$616m

Mar 31 2020n/an/a

US$652m

Dec 31 2019US$21mUS$777k

US$643m

Sep 30 2019n/an/a

US$641m

Jun 30 2019n/an/a

US$574m

Mar 31 2019n/an/a

US$599m

Dec 31 2018US$15mUS$600k

US$612m

Sep 30 2018n/an/a

US$844m

Jun 30 2018n/an/a

US$801m

Mar 31 2018n/an/a

US$724m

Dec 31 2017US$2mUS$600k

US$626m

Sep 30 2017n/an/a

US$350m

Jun 30 2017n/an/a

US$344m

Mar 31 2017n/an/a

US$346m

Dec 31 2016US$4mUS$600k

US$346m

Sep 30 2016n/an/a

US$279m

Jun 30 2016n/an/a

US$242m

Mar 31 2016n/an/a

US$162m

Dec 31 2015US$4mUS$615k

US$104m

Compensation vs Market: Jos's total compensation ($USD13.97M) is about average for companies of similar size in the US market ($USD13.00M).

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


Leadership Team

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


Board Members

Experienced Board: QSR's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: QSR insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

NYSE:QSR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
20 Sep 22BuyUS$41,020Thecla SweeneyIndividual700US$58.60
16 Sep 22SellUS$884,550Matthew DunniganIndividual15,000US$58.97
16 Sep 22SellUS$884,550Matthew DunniganIndividual15,000US$58.97
09 Mar 22SellUS$35,830Vicente TomeIndividual624US$57.42
25 Feb 22SellUS$1,085,250Sami SiddiquiIndividual19,600US$56.45
17 Feb 22SellUS$70,434Jonathan DomankoIndividual1,224US$57.54
05 Jan 22SellUS$23,214Michele KeuschIndividual396US$58.62
05 Jan 22SellUS$988,626Jose CilIndividual16,865US$58.62
05 Jan 22SellUS$450,964Jill GranatIndividual7,693US$58.62
05 Jan 22SellUS$246,145Jacqueline FriesnerIndividual4,199US$58.62
05 Jan 22SellUS$964,651Joshua KobzaIndividual16,456US$58.62
05 Jan 22SellUS$500,908Axel SchwanIndividual8,545US$58.62
05 Jan 22SellUS$519,842David ShearIndividual8,868US$58.62
05 Jan 22SellUS$377,747Sami SiddiquiIndividual6,444US$58.62
05 Jan 22SellUS$41,562Vicente TomeIndividual709US$58.62
05 Jan 22SellUS$67,018Jonathan DomankoIndividual1,136US$58.99
05 Jan 22SellUS$260,038Matthew DunniganIndividual4,436US$58.62
05 Jan 22SellUS$81,540Thomas CurtisIndividual1,391US$58.62
05 Jan 22SellUS$184,534Markus SturmIndividual3,128US$58.99
05 Jan 22SellUS$251,721Jacqueline FriesnerIndividual4,294.11US$58.62
05 Jan 22SellUS$83,550Thomas CurtisIndividual1,425.28US$58.62
05 Jan 22SellUS$986,974Joshua KobzaIndividual16,836.82US$58.62
05 Jan 22SellUS$265,952Matthew DunniganIndividual4,536.87US$58.62
05 Jan 22SellUS$529,744David ShearIndividual9,036.92US$58.62
05 Jan 22SellUS$386,225Sami SiddiquiIndividual6,588.62US$58.62
05 Jan 22SellUS$509,254Axel SchwanIndividual8,687.37US$58.62
05 Jan 22SellUS$461,280Jill GranatIndividual7,868.99US$58.62
05 Jan 22SellUS$1,011,506Jose CilIndividual17,255.31US$58.62

Ownership Breakdown

What is the ownership structure of QSR?
Owner TypeNumber of SharesOwnership Percentage
Private Companies779,0900.3%
Individual Insiders4,787,1711.6%
Hedge Funds23,822,6417.8%
General Public49,043,02416.0%
Institutions227,674,71174.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 62.06% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
12.93%
Capital Research and Management Company
39,588,576$2.2b4.59%0.15%
7.78%
Pershing Square Capital Management, L.P.
23,822,641$1.3b-0.18%12.13%
5.85%
EdgePoint Investment Group Inc.
17,915,882$987.7m7.25%5.69%
3.44%
The Vanguard Group, Inc.
10,521,706$580.1m2.92%0.01%
3.36%
Jarislowsky, Fraser Limited
10,273,279$566.4m-0.84%3.29%
2.9%
Beutel Goodman & Company Ltd.
8,869,290$489.0m5.18%2.74%
2.82%
RBC Dominion Securities Inc., Asset Management Arm
8,626,914$475.6m2.24%0.67%
2.35%
BMO Asset Management Corp.
7,202,415$397.1m37.56%0.24%
2.07%
RBC Global Asset Management Inc.
6,346,855$349.9m2.65%0.26%
1.9%
Mackenzie Financial Corporation
5,821,845$321.0m4.62%0.4%
1.71%
Royal Bank of Canada, Banking & Securities Investments
5,247,744$289.3m15.32%0.23%
1.63%
Harris Associates L.P.
4,980,033$274.5m-7.61%0.35%
1.33%
Manulife Asset Management
4,085,587$225.2m-12.86%0.21%
1.33%
The Bank of Nova Scotia, Banking Investments
4,066,708$224.2m1.43%0.57%
1.18%
CIBC Asset Management Inc.
3,601,049$198.5m24.83%0.49%
1.17%
1832 Asset Management L.P.
3,574,196$197.0m-1.41%0.31%
1.15%
FMR LLC
3,522,834$194.2m-6.01%0.02%
1.12%
Meritage Group LP
3,438,844$189.6m-48.44%5.52%
1.05%
Fiera Capital Corporation
3,204,818$176.7m12.25%0.24%
0.92%
Toronto-Dominion Bank, Banking Investments
2,804,821$154.6m-21.61%0.32%
0.87%
TD Asset Management, Inc.
2,654,667$146.4m-1.91%0.14%
0.85%
Canadian Imperial Bank of Commerce, Asset Management Arm
2,609,533$143.9m1.95%0.57%
0.8%
IG Investment Management, Ltd.
2,451,505$135.2m0%0.42%
0.8%
Norges Bank Investment Management
2,445,747$134.8m0%0.02%
0.75%
Fidelity International Ltd
2,288,504$126.2m27.16%0.07%

Company Information

Restaurant Brands International Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Restaurant Brands International Inc.
  • Ticker: QSR
  • Exchange: NYSE
  • Founded: 1954
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: US$24.827b
  • Market Cap: US$16.876b
  • Shares outstanding: 449.42m
  • Website: https://www.rbi.com

Number of Employees


Location

  • Restaurant Brands International Inc.
  • 130 King Street West
  • Suite 300
  • Toronto
  • Ontario
  • M5X 1E1
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QSR NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNDec 2014
QSRTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 2014
QSRNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 2014
0R6DB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2014
0VFALSE (London Stock Exchange)YesCommon SharesGBCADDec 2014

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.