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Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, 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 other food products. It is also involved in owning and franchising BK, a fast-food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana-style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS quick service restaurants that offer meats and cheese, chopped salads, chili and soups, signature and other sides, soft drinks, and local specialties. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Restaurant Brands International Inc is a global quick-service restaurant franchisor and operator that owns Burger King, Tim Hortons and Popeyes across a large international franchise network. Long-term growth may be driven by international expansion, continued franchising, digital and delivery adoption and menu innovation. Its scale and diversified brand portfolio could support relatively stable cash flows and operational leverage.
Primary investment risks include commodity and labor cost inflation, uneven franchisee execution, intense competitive pressure and changing consumer preferences, along with sensitivity to currency movements and higher interest rates given the company’s leverage.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1365.00M | 1363.00M | 816.00M | 1452.00M | 1382.00M |
| Minority interest | 474.00M | -415.00M | 264.00M | 468.00M | 532.00M |
| Net income | 1482.00M | 1253.00M | 750.00M | 1111.00M | 612.00M |
| Selling general administrative | 536.00M | 454.00M | 1229.00M | 1208.00M | 1139.00M |
| Selling and marketing expenses | - | - | - | - | 75.00M |
| Gross profit | 2598.00M | 2398.00M | 2830.00M | 3250.00M | 3117.00M |
| Reconciled depreciation | 190.00M | 201.00M | 189.00M | 185.00M | 180.00M |
| Ebit | 1898.00M | 1879.00M | 1422.00M | 2007.00M | 1917.00M |
| Ebitda | 2169.00M | 2121.00M | 1740.00M | 2229.00M | 2097.00M |
| Depreciation and amortization | 271.00M | 242.00M | 318.00M | 222.00M | 180.00M |
| Non operating income net other | - | -11.00M | -98.00M | -23.00M | 0.00M |
| Operating income | 1898.00M | 1879.00M | 1422.00M | 2007.00M | 1917.00M |
| Other operating expenses | 4482.00M | 3815.00M | 3378.00M | 3570.00M | 3462.00M |
| Interest expense | 533.00M | 505.00M | 508.00M | 532.00M | 535.00M |
| Tax provision | -117.00M | 110.00M | 66.00M | 341.00M | 238.00M |
| Interest income | 533.00M | 2.35M | 508.00M | 20.00M | 15.00M |
| Net interest income | -533.00M | -505.00M | -508.00M | -532.00M | -535.00M |
| Extraordinary items | - | - | - | - | -9.00M |
| Non recurring | - | - | - | - | 0.00M |
| Other items | - | - | - | - | 0.00M |
| Income tax expense | -117.00M | 110.00M | 66.00M | 341.00M | 238.00M |
| Total revenue | 6505.00M | 5739.00M | 4968.00M | 5603.00M | 5357.00M |
| Total operating expenses | 575.00M | 474.00M | 1240.00M | 1217.00M | 1222.00M |
| Cost of revenue | 3907.00M | 3341.00M | 2138.00M | 2353.00M | 2240.00M |
| Total other income expense net | -533.00M | -516.00M | -606.00M | -555.00M | 22.00M |
| Discontinued operations | - | - | - | - | 0.00M |
| Net income from continuing ops | 1248.00M | 1253.00M | 882.00M | 1793.00M | 1620.00M |
| Net income applicable to common shares | 1008.00M | 838.00M | 486.00M | 643.00M | 612.00M |
| Preferred stock and other adjustments | - | - | - | - | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 22746.00M | 23246.00M | 22777.00M | 22360.00M | 20141.00M |
| Intangible assets | 10991.00M | 11417.00M | 10701.00M | 10563.00M | 10463.00M |
| Other current assets | 123.00M | 86.00M | 72.00M | 52.00M | 60.00M |
| Total liab | 18478.00M | 19393.00M | 19056.00M | 18101.00M | 16523.00M |
| Total stockholder equity | 2499.00M | 2237.00M | 2167.00M | 2490.00M | 1611.00M |
| Deferred long term liab | 1313.00M | 1374.00M | 1425.00M | 1564.00M | 1519.00M |
| Other current liab | 1001.00M | 947.00M | 835.00M | 790.00M | 637.00M |
| Common stock | 2057.00M | 2156.00M | 2399.00M | 2478.00M | 1737.00M |
| Capital stock | 2057.00M | 2156.00M | 2399.00M | 2478.00M | 1737.00M |
| Retained earnings | 1121.00M | 791.00M | 622.00M | 775.00M | 674.00M |
| Other liab | 2185.00M | 3196.00M | 3661.00M | 3087.00M | 2994.00M |
| Good will | 5688.00M | 6006.00M | 5739.00M | 5651.00M | 5486.00M |
| Other assets | 905.00M | 842.00M | 2.04M | 494.00M | 437.00M |
| Cash | 1178.00M | 1087.00M | 1560.00M | 1533.00M | 913.00M |
| Cash and equivalents | 1178.00M | 1087.00M | 1560.00M | 1533.00M | 913.00M |
| Total current liabilities | 2116.00M | 1878.00M | 1601.00M | 1703.00M | 1408.00M |
| Current deferred revenue | 230.00M | 221.00M | 191.00M | 168.00M | 167.00M |
| Net debt | 13126.00M | 13328.00M | 12345.00M | 11704.00M | 11227.00M |
| Short term debt | 127.00M | 96.00M | 111.00M | 101.00M | 91.00M |
| Short long term debt | 127.00M | 96.00M | 111.00M | 101.00M | 91.00M |
| Short long term debt total | 14304.00M | 14415.00M | 13905.00M | 13237.00M | 12140.00M |
| Other stockholder equity | -679.00M | -710.00M | -854.00M | -763.00M | -800.00M |
| Property plant equipment | 3032.00M | 3165.00M | 3183.00M | 2007.00M | 1996.00M |
| Total current assets | 2048.00M | 1816.00M | 2264.00M | 2196.00M | 1500.00M |
| Long term investments | - | - | - | 48.00M | 54.00M |
| Net tangible assets | -14180.00M | -15186.00M | -14273.00M | -13724.00M | -14338.00M |
| Short term investments | - | - | 0.07M | - | 0.00M |
| Net receivables | 614.00M | 547.00M | 536.00M | 527.00M | 452.00M |
| Long term debt | 12839.00M | 12916.00M | 12397.00M | 11759.00M | 11823.00M |
| Inventory | 133.00M | 96.00M | 96.00M | 84.00M | 75.00M |
| Accounts payable | 758.00M | 614.00M | 464.00M | 644.00M | 513.00M |
| Total permanent equity | - | - | - | - | 0.00M |
| Noncontrolling interest in consolidated entity | 1769.00M | 1616.00M | 1554.00M | 1769.00M | 2007.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | 0.00M |
| Accumulated other comprehensive income | -679.00M | -710.00M | -854.00M | -763.00M | -800.00M |
| Additional paid in capital | - | - | - | - | 0.00M |
| Common stock total equity | 2057.00M | 2156.00M | 2399.00M | 2478.00M | 1737.00M |
| Preferred stock total equity | - | - | - | - | 0.00M |
| Retained earnings total equity | 1121.00M | 791.00M | 622.00M | 775.00M | 674.00M |
| Treasury stock | - | - | - | - | 0.00M |
| Accumulated amortization | - | - | - | - | 0.00M |
| Non currrent assets other | -326.00M | 842.00M | 890.00M | 767.00M | 642.00M |
| Deferred long term asset charges | - | - | - | - | 0.00M |
| Non current assets total | 20698.00M | 21430.00M | 20513.00M | 20164.00M | 18641.00M |
| Capital lease obligations | 1338.00M | 1403.00M | 1397.00M | 288.00M | 226.00M |
| Long term debt total | 12839.00M | 12916.00M | 12397.00M | 12047.00M | 12049.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 71.00M | -1103.00M | 33.00M | 24.00M | 33.00M |
| Change to liabilities | 169.00M | 149.00M | -183.00M | 112.00M | 41.00M |
| Total cashflows from investing activities | -64.00M | -1103.00M | -79.00M | -30.00M | -44.00M |
| Net borrowings | -92.00M | 446.00M | 438.00M | -66.00M | -2.00M |
| Total cash from financing activities | -1307.00M | -1093.00M | -821.00M | -842.00M | -1285.00M |
| Change to operating activities | -334.00M | -31.00M | 17.00M | 33.00M | -228.00M |
| Net income | 1482.00M | 1253.00M | 750.00M | 1111.00M | 1144.00M |
| Change in cash | 91.00M | -473.00M | 27.00M | 620.00M | -184.00M |
| Begin period cash flow | 1087.00M | 1560.00M | 1533.00M | 913.00M | 1097.00M |
| End period cash flow | 1178.00M | 1087.00M | 1560.00M | 1533.00M | 913.00M |
| Total cash from operating activities | 1490.00M | 1726.00M | 921.00M | 1476.00M | 1165.00M |
| Issuance of capital stock | 30.00M | - | - | - | - |
| Depreciation | 190.00M | 201.00M | 189.00M | 185.00M | 180.00M |
| Other cashflows from investing activities | -35.00M | -9.00M | 5.00M | 8.00M | 1.00M |
| Dividends paid | 971.00M | 974.00M | 959.00M | 901.00M | 728.00M |
| Change to inventory | -61.00M | 12.00M | -10.00M | -15.00M | -7.00M |
| Change to account receivables | -110.00M | 8.00M | -0.03M | -53.00M | -200.00M |
| Sale purchase of stock | -326.00M | -551.00M | -298.00M | 102.00M | -60.00M |
| Other cashflows from financing activities | 54.00M | -74.00M | 4846.00M | 2325.00M | -559.00M |
| Change to netincome | 126.00M | 522.00M | 65.00M | 58.00M | -13.00M |
| Capital expenditures | 100.00M | 106.00M | 117.00M | 62.00M | 86.00M |
| Change receivables | -110.00M | 8.00M | -30.00M | -53.00M | 19.00M |
| Cash flows other operating | -395.00M | -8.00M | 114.00M | 49.00M | -228.00M |
| Exchange rate changes | - | - | 6.00M | 16.00M | -20.00M |
| Cash and cash equivalents changes | 119.00M | -470.00M | 27.00M | 620.00M | -184.00M |
| Change in working capital | -310.00M | 158.00M | -184.00M | 131.00M | -123.00M |
| Stock based compensation | 136.00M | 102.00M | 74.00M | 68.00M | 48.00M |
| Other non cash items | 52.00M | 17.00M | 300.00M | -77.00M | -113.00M |
| Free cash flow | 1390.00M | 1620.00M | 804.00M | 1414.00M | 1079.00M |
Sector: Consumer Cyclical Industry: Restaurants
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| QSR Restaurant Brands International Inc |
-0.86 1.09% |
77.69 | 26.70 | 16.47 | 4.95 | 8.02 | 5.30 | 17.32 |
| MCD McDonald’s Corporation |
-0.65 0.23% |
277.39 | 25.70 | 23.09 | 8.38 | - | 10.23 | 18.80 |
| SBUX Starbucks Corporation |
-0.76 0.72% |
105.40 | 21.34 | 20.79 | 2.62 | - | 3.20 | 15.23 |
| CMPGF Compass Group PLC |
- -% |
33.99 | 26.48 | 20.16 | 1.11 | 6.71 | 1.28 | 13.86 |
| CMPGY Compass Group PLC ADR |
-0.89 2.60% |
33.32 | 26.32 | 20.20 | 1.10 | 6.71 | 1.28 | 13.86 |
Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, 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 other food products. It is also involved in owning and franchising BK, a fast-food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana-style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS quick service restaurants that offer meats and cheese, chopped salads, chili and soups, signature and other sides, soft drinks, and local specialties. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Jose E. Cil | Chief Exec. Officer | 1970 |
| Mr. Matthew Dunnigan | Chief Financial Officer | 1984 |
| Mr. Joshua Kobza | Chief Operating Officer | 1987 |
| Mr. David Chan Shear | Pres of International | 1984 |
| Mr. Thomas Benjamin Curtis | Pres of Burger King U.S. & Canada | 1964 |
| Mr. Patrick Doyle | Exec. Chairman | 1963 |
| Ms. Jacqueline Friesner | Controller & Chief Accounting Officer | 1973 |
| Mr. Stephen Lichtner | Sr. Director of FP&A & Investor Relations | NA |
| Ms. Jill M. Granat | Gen. Counsel & Corp. Sec. | 1966 |
| Mr. Jeff Housman | Chief People & Services Officer | 1982 |
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