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QSR - Restaurant Brands In...

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Restaurant Brands International Inc.

QSR

NYSE

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. 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 restaurants quick service restaurants that offer subs, soft drinks, and local specialties. As of February 15, 2022, the company had approximately 29,000 restaurants in 100 countries under the Tim Hortons, Burger King, Popeyes, And Firehouse Subs brands. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.

66.62 USD

1.37 (2.06%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

4.97B

5.74B

6.5B

7.02B

8.41B

9.59B

10.95B

12.5B

14.26B

16.28B

Revenue %

-

15.52

13.35

7.95

19.71

14.13

14.13

14.13

14.13

Ebitda

1.78B

2.13B

2.21B

2.24B

2.66B

3.27B

3.73B

4.26B

4.86B

5.55B

Ebitda %

35.81

37.03

34.02

31.89

31.69

34.09

34.09

34.09

34.09

Ebit

1.58B

1.93B

2.03B

2.05B

2.4B

2.96B

3.38B

3.86B

4.4B

5.02B

Ebit %

31.8

33.56

31.21

29.17

28.55

30.86

30.86

30.86

30.86

Depreciation

198.98M

199.23M

182.47M

191M

264M

309.74M

353.51M

403.46M

460.48M

525.54M

Depreciation %

4.01

3.47

2.81

2.72

3.14

3.23

3.23

3.23

3.23

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

1.56B

1.09B

1.18B

1.14B

1.33B

1.93B

2.2B

2.51B

2.87B

3.27B

Total Cash %

31.4

18.94

18.11

16.22

15.87

20.11

20.11

20.11

20.11

Receivables

536M

547M

614M

749M

698M

935M

1.07B

1.22B

1.39B

1.59B

Receivables %

10.79

9.53

9.44

10.67

8.3

9.75

9.75

9.75

9.75

Inventories

96M

96M

133M

166M

142M

186.18M

212.49M

242.51M

276.78M

315.89M

Inventories %

1.93

1.67

2.04

2.36

1.69

1.94

1.94

1.94

1.94

Payable

464M

614M

758M

790M

765M

998.57M

1.14B

1.3B

1.48B

1.69B

Payable %

9.34

10.7

11.65

11.25

9.1

10.41

10.41

10.41

10.41

Cap Ex

-117M

-106M

-100M

-120M

-201M

-188.8M

-215.47M

-245.92M

-280.67M

-320.34M

Cap Ex %

-2.36

-1.85

-1.54

-1.71

-2.39

-1.97

-1.97

-1.97

-1.97

Weighted Average Cost Of Capital

Price

66.62

Beta

Diluted Shares Outstanding

454M

Costof Debt

3.92

Tax Rate

After Tax Cost Of Debt

2.21

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

15.96B

Total Equity

30.25B

Total Capital

46.2B

Debt Weighting

34.54

Equity Weighting

65.46

Wacc

6

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

4.97B

5.74B

6.5B

7.02B

8.41B

9.59B

10.95B

12.5B

14.26B

16.28B

Ebitda

1.78B

2.13B

2.21B

2.24B

2.66B

3.27B

3.73B

4.26B

4.86B

5.55B

Ebit

1.58B

1.93B

2.03B

2.05B

2.4B

2.96B

3.38B

3.86B

4.4B

5.02B

Tax Rate

43.56

43.56

43.56

43.56

43.56

43.56

43.56

43.56

43.56

43.56

Ebiat

1.45B

1.77B

2.2B

1.68B

1.35B

2.5B

2.85B

3.26B

3.72B

4.24B

Depreciation

198.98M

199.23M

182.47M

191M

264M

309.74M

353.51M

403.46M

460.48M

525.54M

Receivables

536M

547M

614M

749M

698M

935M

1.07B

1.22B

1.39B

1.59B

Inventories

96M

96M

133M

166M

142M

186.18M

212.49M

242.51M

276.78M

315.89M

Payable

464M

614M

758M

790M

765M

998.57M

1.14B

1.3B

1.48B

1.69B

Cap Ex

-117M

-106M

-100M

-120M

-201M

-188.8M

-215.47M

-245.92M

-280.67M

-320.34M

Ufcf

1.37B

2B

2.33B

1.61B

1.47B

2.57B

2.97B

3.39B

3.87B

4.42B

Wacc

6

6

6

6

6

Pv Ufcf

2.43B

2.65B

2.85B

3.07B

3.3B

Sum Pv Ufcf

14.3B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6

Free Cash Flow T1

4.55B

Terminal Value

151.99B

Present Terminal Value

113.6B

Intrinsic Value

Enterprise Value

127.9B

Net Debt

14.62B

Equity Value

113.27B

Diluted Shares Outstanding

454M

Equity Value Per Share

249.5

Projected DCF

249.5 0.733%

DCF Levered

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