Dine Brands Global Inc Stock Research

Market Summary

USD59.83-0.46

Market Closed

-0.76%

DIN Stock Price

DIN RSI Chart

DIN Valuation

Market Cap

937.8M

Price/Earnings (Trailing)

11.21

Price/Sales (Trailing)

1.05

EV/EBITDA

3.29

Price/Free Cashflow

13.96

DIN Price/Sales (Trailing)

DIN Profitability

Operating Margin

41.50%

EBT Margin

12.62%

Return on Assets

4.31%

Free Cashflow Yield

7.16%

DIN Fundamentals

DIN Revenue

Revenue (TTM)

892.8M

Revenue Y/Y

-7.2%

Revenue Q/Q

2.81%

DIN Earnings

Earnings (TTM)

83.7M

Earnings Y/Y

10.3%

Earnings Q/Q

141.48%

Price Action

52 Week Range

59.3182.43

(Low)(High)

Last 7 days

-7.7%

Last 30 days

-6.0%

Last 90 days

-19.7%

Trailing 12 Months

-18.0%

DIN Financial Health

Current Ratio

1.02

Debt/Cashflow

0.06

DIN Investor Care

Dividend Yield

1.86%

Buy Backs (1Y)

6.40%

Diluted EPS (TTM)

5.25

Peers (Alternatives to Dine Brands Global)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MCD	212.6B	23.4B	-4.19%	15.60%	34.42	9.17	-1.47%	-3.33%
SBUX	112.1B	34.0B	-14.77%	27.18%	31.55	3.3	8.52%	-19.36%
RCL	16.1B	10.7B	20.89%	39.44%	-7.47	1.82	318.40%	80.42%
CCL	10.5B	15.0B	18.34%	-19.09%	-1.47	1.09	327.18%	48.03%
MID-CAP
ARMK	10.3B	17.7B	13.19%	15.18%	41.76	0.58	23.57%	68.31%
CHDN	10.2B	2.0B	-8.89%	34.62%	18.47	5.09	22.49%	116.78%
WH	6.9B	1.4B	-1.30%	-14.44%	21.94	4.82	-11.76%	-3.07%
VAC	5.8B	4.7B	-9.64%	-16.59%	21.79	1.32	19.69%	697.96%
SMALL-CAP
DIN	937.8M	892.8M	-6.02%	-17.98%	11.21	1.05	-3.21%	-13.84%
STKS	225.1M	325.0M	-9.37%	-21.47%	18.05	0.69	8.02%	-64.32%
HOFV	37.4M	17.0M	-17.21%	889.56%	-0.81	2.2	55.03%	50.26%
DS	15.5M	314.9M	-61.11%	-89.12%	-0.34	0.05	15.92%	-283.73%

Financials for Dine Brands Global

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-1.8%	893	909	931	927	922
Cost Of Revenue	-5.2%	505	532	552	547	540
Gross Profit	2.9%	388	377	379	380	383
S&GA Expenses	5.0%	200	191	181	178	173
EBITDA	-4.8%	213	224	228	234	-
EBITDA Margin	-2.6%	0.23*	0.24*	0.25*	0.25*	-
Earnings Before Taxes	1.7%	117	115	124	126	132
EBT Margin	-5.2%	0.13*	0.13*	0.14*	0.14*	-
Interest Expenses	-1.4%	60.00	61.00	62.00	62.00	62.00
Net Income	3.2%	84.00	81.00	90.00	92.00	97.00
Net Income Margin	-7.3%	0.09*	0.10*	0.10*	0.11*	-
Free Cahsflow	-36.7%	54.00	85.00	94.00	138	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-6.6%	1,758	1,882	1,972	1,882	1,888
Current Assets	-27.4%	348	480	646	450	477
Cash Equivalents	-12.8%	235	270	355	264	295
Goodwill	0.1%	254	254	247	252	252
Liabilities	-6.2%	2,047	2,183	2,274	2,190	2,153
Current Liabilities	-13.9%	405	471	519	344	335
Long Term Debt	7.9%	1,381	1,281	1,280	-	-
LT Debt, Current	0%	100	100	100	-	-
LT Debt, Non Current	-5.4%	1,175	1,242	1,281	1,281	1,280
Retained Earnings	22.9%	104	85.00	81.00	68.00	53.00
Additional Paid-In Capital	-4.3%	248	259	257	253	250
Shares Outstanding	0.5%	16.00	16.00	16.00	16.00	17.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	26.7%	113	89.00	114	120	157
Share Based Compensation	-16.3%	14.00	16.00	15.00	14.00	13.00
Cashflow From Investing	-17.9%	-95.36	-80.90	-7.01	-3.26	2.00
Cashflow From Financing	-29.6%	-141	-108	-67.79	-134	-74.05
Dividend Payments	4.5%	32.00	31.00	31.00	15.00	15.00
Buy Backs	-30.5%	84.00	120	118	108	46.00

Risks for DIN

What is the probability of a big loss on DIN?

94.2%

Probability that Dine Brands Global stock will be more than 20% underwater in next one year

51.5%

Probability that Dine Brands Global stock will be more than 30% underwater in next one year.

20%

Probability that Dine Brands Global stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does DIN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Dine Brands Global was unfortunately bought at previous high price.

Drawdowns

Returns for DIN

Cumulative Returns on DIN

1.7%

10-Year Cumulative Returns

-1.5%

7-Year Cumulative Returns

1.5%

5-Year Cumulative Returns

10.3%

3-Year Cumulative Returns

What are the long-term rolling returns for DIN?

FIve years rolling returns for Dine Brands Global.

Annualized Returns

Which funds bought or sold DIN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-0.36	409,243	10,019,200	-%
2023-05-22	Raleigh Capital Management Inc.	sold off	-100	-32,899	-	-%
2023-05-19	Harvest Investment Advisors, LLC	added	0.48	66,782	1,349,350	1.20%
2023-05-18	JPMORGAN CHASE & CO	reduced	-0.39	830,000	20,130,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-32.4	-221,000	536,000	-%
2023-05-17	Sunbelt Securities, Inc.	new	-	2,648	2,648	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.39	12,000	1,051,000	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	304	6,764	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-29.68	-627,108	1,751,340	-%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-74,000	-	-%

Latest Funds Activity

Are funds buying DIN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own DIN

No. of Funds

Dine Brands Global News

Schedule 13G FIlings of Dine Brands Global

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	alliancebernstein l.p.	11.1%	1,743,245	SC 13G/A
Feb 09, 2023	vanguard group inc	12.54%	1,965,964	SC 13G/A
Jan 26, 2023	blackrock inc.	15.5%	2,423,273	SC 13G/A
Jan 20, 2023	blackrock inc.	15.5%	2,423,273	SC 13G/A
Jan 13, 2023	allspring global investments holdings, llc	8.07%	1,264,768	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	11.9%	2,050,995	SC 13G/A
Feb 09, 2022	vanguard group inc	11.96%	2,059,250	SC 13G/A
Jan 27, 2022	blackrock inc.	15.5%	2,665,291	SC 13G/A
Jan 26, 2022	wells fargo & company/mn	0.27%	45,680	SC 13G/A
Jan 25, 2022	blackrock inc.	15.5%	2,665,291	SC 13G

DIN Fair Value

Show Fair-Value

Recent SEC filings of Dine Brands Global

View All Filings

Date Filed	Form Type	Document
May 18, 2023	4	Insider Trading
May 16, 2023	144	Notice of Insider Sale Intent
May 16, 2023	3	Insider Trading
May 15, 2023	8-K	Current Report
May 15, 2023	8-K	Current Report
May 11, 2023	8-K	Current Report
May 03, 2023	10-Q	Quarterly Report
May 03, 2023	8-K	Current Report
Apr 17, 2023	8-K	Current Report
Apr 05, 2023	4	Insider Trading

Latest Insider Trading transactions for DIN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-17	Son Christine K.	sold (taxes)	-19,499	67.01	-291	svp, legal, gc and secretary
2023-03-16	Moralejo Tony E.	sold (taxes)	-126,463	66.7	-1,896	president, applebee's
2023-03-10	KAY LARRY ALAN	sold	-41,514	69.19	-600	-
2023-03-04	Berk Howard M	acquired	-	-	1,543	-
2023-03-04	MSD CAPITAL L P	acquired	-	-	1,543	-
2023-03-03	Moralejo Tony E.	acquired	-	-	4,004	president, applebee's
2023-03-03	Peyton John W.	sold (taxes)	-421,088	74.94	-5,619	chief executive officer
2023-03-03	DAHL RICHARD J	acquired	-	-	1,534	-
2023-03-03	PASQUALE DOUGLAS M	acquired	-	-	1,543	-
2023-03-03	KAY LARRY ALAN	acquired	-	-	1,543	-

About Dine Brands Global

John W. Peyton

www.dineequity.com

3520

Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through five segments: Applebee's Franchise Operations, International House of Pancakes (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 in the bar and grill segment of the casual dining category; and 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, 2021, the company had 1,611 Applebee's franchised restaurants, and 1,751 IHOP franchised and area licensed restaurants. It is also involved in the lease or sublease of 598 IHOP franchised restaurants and two Applebee's franchised restaurants; 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 headquartered in Glendale, California.

DIN Income Statement

2023-03-31

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues:
Rental revenues	$ 31,951	$ 28,807
Total revenues	213,767	230,423
Cost of revenues:
Franchise expenses	87,366	78,032
Bad debt expense (credit)	923	(299)
Company restaurant expenses	1,079	37,408
Interest expense from finance leases	709	768
Other rental expenses	20,899	21,355
Total rental expenses	21,608	22,123
Financing expenses	98	107
Total cost of revenues	110,151	137,670
Gross profit	103,616	92,753
General and administrative expenses	51,087	41,548
Interest expense, net	14,709	15,533
Closure and impairment charges	467	146
Amortization of intangible assets	2,774	2,665
Gain on extinguishment of debt	(1,661)	0
Loss (gain) on disposition of assets	71	(1,296)
Income before income taxes	36,169	34,157
Income tax provision	(8,759)	(9,307)
Net income	27,410	24,850
Other comprehensive income net of tax:
Foreign currency translation adjustment	1	(1)
Total comprehensive income	27,411	24,849
Net income available to common stockholders:
Net income	27,410	24,850
Less: Net income allocated to unvested participating restricted stock	(679)	(598)
Net income available to common stockholders	$ 26,731	$ 24,252
Net income available to common stockholders per share:
Basic (USD per share)	$ 1.75	$ 1.45
Diluted (USD per share)	$ 1.74	$ 1.45
Weighted average shares outstanding:
Basic (in shares)	15,304	16,722
Diluted (in shares)	15,339	16,758
Franchise Revenue:
Revenues:
Revenue from contract with customer	$ 179,962	$ 161,232
Royalties, franchise fees and other
Revenues:
Revenue from contract with customer	102,925	90,349
Advertising revenues
Revenues:
Revenue from contract with customer	77,037	70,883
Company restaurant sales
Revenues:
Revenue from contract with customer	1,057	39,416
Financing revenues
Revenues:
Revenue from contract with customer	797	968
Advertising fees
Revenues:
Revenue from contract with customer	77,037	70,883
Cost of revenues:
Franchise expenses	77,037	70,883
Other franchise expenses
Cost of revenues:
Franchise expenses	$ 9,406	$ 7,448

DIN Balance Sheet

2023-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 181,606	$ 269,655
Receivables, net of allowance of $4,587 (2023) and $4,806 (2022)	93,119	119,981
Restricted cash	37,098	38,929
Prepaid gift card costs	23,717	30,235
Prepaid income taxes	0	3,063
Other current assets	12,831	17,901
Total current assets	348,371	479,764
Non-current restricted cash	16,400	16,400
Property and equipment, net	158,715	145,277
Operating lease right-of-use assets	290,859	289,123
Deferred rent receivable	39,772	42,329
Long-term receivables, net of allowance of $5,908 (2023) and $5,529 (2022)	37,831	39,697
Goodwill	254,120	253,956
Other intangible assets, net	594,333	597,028
Other non-current assets, net	17,668	17,917
Total assets	1,758,069	1,881,491
Current liabilities:
Current maturities of long-term debt	100,000	100,000
Accounts payable	39,085	52,067
Gift card liability	140,769	171,966
Current maturities of operating lease obligations	57,655	59,071
Current maturities of finance lease and financing obligations	7,265	7,542
Accrued employee compensation and benefits	13,862	23,456
Accrued advertising expenses	18,665	24,157
Dividends payable	0	8,017
Other accrued expenses	27,871	24,446
Total current liabilities	405,172	470,722
Long-term debt, net, less current maturities	1,174,564	1,241,914
Operating lease obligations, less current maturities	279,766	275,120
Finance lease obligations, less current maturities	33,256	30,377
Financing obligations, less current maturities	28,029	28,358
Deferred income taxes, net	67,351	74,651
Deferred franchise revenue, long-term	41,204	42,343
Other non-current liabilities	17,410	19,090
Total liabilities	2,046,752	2,182,575
Commitments and contingencies
Stockholders’ deficit:
Preferred stock, $1 par value, 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.01 par value; shares: 40,000,000 authorized; March 31, 2023 - 24,915,372 issued, 15,674,739 outstanding; December 31, 2022 - 24,959,972 issued, 15,599,239 outstanding	249	250
Additional paid-in-capital	248,187	259,339
Retained earnings	103,931	84,538
Accumulated other comprehensive loss	(64)	(65)
Treasury stock, at cost; shares: March 31, 2023 - 9,240,633; December 31, 2022 - 9,360,733	(640,986)	(645,146)
Total stockholders’ deficit	(288,683)	(301,084)
Total liabilities and stockholders’ deficit	$ 1,758,069	$ 1,881,491