Market Summary
USD67.14+1.92
Market Closed2.94%
QSR Alerts
QSR Stock Price
QSR RSI Chart
QSR Valuation
QSR Price/Sales (Trailing)
QSR Profitability
QSR Fundamentals
QSR Revenue
QSR Earnings
Price Action
52 Week Range
46.1568.89
(Low)(High)
Last 7 days
7.8%
Last 30 days
5.2%
Last 90 days
3.8%
Trailing 12 Months
16.3%
QSR Financial Health
QSR Investor Care
Peers (Alternatives to Restaurant Brands International)
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 | 205.5B | 23.2B | 6.43% | 15.63% | 33.26 | 8.86 | -0.17% | -18.13% |
SBUX | 119.6B | 32.9B | 2.66% | 17.86% | 36.01 | 3.63 | 8.41% | -24.41% |
CMG | 47.4B | 8.6B | 15.05% | 7.98% | 52.77 | 5.49 | 14.41% | 37.69% |
YUM | 37.2B | 6.8B | 4.66% | 13.05% | 28.08 | 5.44 | 3.92% | -15.87% |
DRI | 18.9B | 10.0B | 8.01% | 20.04% | 20.84 | 1.9 | 16.23% | -1.35% |
| MID-CAP | ||||||||
ARMK | 9.3B | 17.0B | -3.58% | -3.93% | 41.24 | 0.55 | 27.66% | 584.49% |
TXRH | 7.2B | 4.0B | 6.07% | 29.06% | 26.82 | 1.8 | 15.91% | 10.00% |
WING | 5.5B | 357.5M | 7.43% | 57.21% | 103.78 | 15.37 | 26.56% | 24.12% |
WEN | 4.6B | 2.1B | -1.89% | -0.86% | 26.17 | 2.21 | 10.46% | -11.49% |
SHAK | 2.2B | 900.5M | -2.77% | -18.28% | -90.46 | 2.42 | 21.70% | -178.35% |
| SMALL-CAP | ||||||||
PLAY | 1.8B | 1.7B | -7.84% | -25.07% | 14.36 | 1.02 | 61.79% | 371.82% |
BJRI | 679.1M | 1.3B | -9.47% | 2.97% | 166.6 | 0.53 | 18.11% | 213.03% |
CHUY | 645.2M | 422.2M | -2.32% | 32.78% | 30.94 | 1.53 | 6.49% | -30.89% |
DENN | 633.1M | 456.4M | -5.34% | -22.01% | 8.47 | 1.39 | 14.63% | -4.30% |
RUTH | 525.6M | 505.9M | -13.08% | -26.60% | 13.61 | 1.04 | 17.88% | -8.64% |
Financials for Restaurant Brands International
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.2% | 6,505 | 6,362 | 6,131 | 5,930 | 5,739 |
| S&GA Expenses | 6.6% | 631 | 592 | 551 | 513 | 484 |
| EBITDA | -2.2% | 2,042 | 2,087 | 2,031 | 1,976 | - |
| EBITDA Margin | -4.3% | 0.31* | 0.33* | 0.33* | 0.33* | - |
| Earnings Before Taxes | -6.0% | 1,365 | 1,452 | 1,418 | 1,368 | 1,363 |
| EBT Margin | -8.1% | 0.21* | 0.23* | 0.23* | 0.23* | - |
| Interest Expenses | 10.4% | 487 | 441 | 415 | 407 | 404 |
| Net Income | 5.3% | 1,482 | 1,408 | 1,207 | 1,252 | 1,253 |
| Net Income Margin | 2.9% | 0.23* | 0.22* | 0.20* | 0.21* | - |
| Free Cahsflow | -4.1% | 1,390 | 1,450 | 1,562 | 1,593 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.8% | 22,746 | 22,557 | 22,754 | 23,172 | 23,246 |
| Current Assets | 6.4% | 2,048 | 1,924 | 1,568 | 1,686 | 1,816 |
| Cash Equivalents | 24.5% | 1,178 | 946 | 838 | 895 | 1,087 |
| Inventory | 3.1% | 133 | 129 | 114 | 108 | 96.00 |
| Goodwill | 1.5% | 5,688 | 5,605 | 5,866 | 6,050 | 6,006 |
| Liabilities | -0.2% | 18,478 | 18,518 | 18,845 | 19,211 | 19,393 |
| Current Liabilities | 10.2% | 2,116 | 1,920 | 1,763 | 1,828 | 1,878 |
| Long Term Debt | -0.1% | 12,959 | 12,974 | 12,978 | - | - |
| LT Debt, Current | 9.9% | 78.00 | 71.00 | 62.00 | - | - |
| LT Debt, Non Current | -0.1% | 12,839 | 12,853 | 12,881 | 12,903 | 12,916 |
| Shareholder's Equity | 8.0% | 2,499 | 2,313 | 3,909 | 3,961 | 2,237 |
| Retained Earnings | 5.6% | 1,121 | 1,062 | 871 | 804 | 791 |
| Shares Outstanding | 0.4% | 307 | 306 | 306 | 309 | 309 |
| Minority Interest | 2.5% | 1,769 | 1,726 | 1,695 | 1,671 | 1,616 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -3.1% | 1,490 | 1,538 | 1,650 | 1,694 | 1,726 |
| Share Based Compensation | 9.7% | 136 | 124 | 115 | 103 | 102 |
| Cashflow From Investing | 94.2% | -64.00 | -1,100 | -1,113 | -1,095 | -1,103 |
| Cashflow From Financing | -5.9% | -1,307 | -1,234 | -1,437 | -1,258 | -1,093 |
| Dividend Payments | -0.1% | 971 | 972 | 975 | 976 | 974 |
| Buy Backs | -53.1% | 326 | 695 | 877 | 712 | 551 |
Risks for QSR
What is the probability of a big loss on QSR?
40.8%
Probability that Restaurant Brands International stock will be more than 20% underwater in next one year
19.6%
Probability that Restaurant Brands International stock will be more than 30% underwater in next one year.
19.6%
Probability that Restaurant Brands International 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 QSR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Restaurant Brands International was unfortunately bought at previous high price.
Drawdowns
Returns for QSR
Cumulative Returns on QSR
10.8%
7-Year Cumulative Returns
6.5%
5-Year Cumulative Returns
22.1%
3-Year Cumulative Returns
What are the long-term rolling returns for QSR?
FIve years rolling returns for Restaurant Brands International.
Annualized Returns
Which funds bought or sold QSR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-17 | American Portfolios Advisors | reduced | -1.6 | 1,769 | 42,491 | -% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -0.45 | 75,980 | 419,980 | 0.01% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -2.45 | 2,089,000 | 13,297,000 | 0.07% |
2023-03-03 | TIAA, FSB | new | - | 222,853 | 222,853 | -% |
2023-02-27 | Parallax Volatility Advisers, L.P. | new | - | 539,024 | 539,024 | -% |
2023-02-24 | SRS Capital Advisors, Inc. | sold off | -100 | -1,000 | - | -% |
2023-02-24 | NATIXIS | sold off | -100 | -417,000 | - | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | added | 19.12 | 470,742 | 1,518,740 | -% |
2023-02-21 | Triasima Portfolio Management inc. | new | - | 30,067,600 | 30,067,600 | 2.30% |
2023-02-17 | Ascent Group, LLC | sold off | -100 | -254,000 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
QSR Alerts
Restaurant Brands International News
Schedule 13G FIlings of Restaurant Brands International
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 17, 2023 | 3g restaurant brands holdings general partner ltd. | 29.6% | 130,448,634 | SC 13D/A | |
| Feb 28, 2023 | 3g restaurant brands holdings general partner ltd. | 30.1% | 132,662,485 | SC 13D/A | |
| Feb 13, 2023 | edgepoint investment group inc. | 4.3% | 13,099,228 | SC 13G/A | |
| Feb 13, 2023 | capital world investors | 13.2% | 40,477,432 | SC 13G/A | |
| Feb 11, 2022 | capital world investors | 12.0% | 37,760,159 | SC 13G/A | |
| Feb 11, 2022 | edgepoint investment group inc. | 5.0% | 15,784,671 | SC 13G | |
| Aug 25, 2021 | 3g restaurant brands holdings general partner ltd. | 28.7% | 132,662,485 | SC 13D/A | |
| Aug 06, 2021 | 3g restaurant brands holdings general partner ltd. | 30.7% | 142,271,229 | SC 13D/A | |
| Feb 16, 2021 | capital world investors | 12.0% | 36,386,434 | SC 13G/A | |
| Oct 09, 2020 | capital world investors | 10.7% | 32,456,070 | SC 13G/A |
QSR Fair Value
Restaurant Brands International fair value in different scenarios
The table shows the Fair Value estimates for Restaurant Brands International for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 48.66 -27.52% | 69.82 3.99% | 98.77 47.11% | 131.90 96.46% | 162.08 141.41% |
| Current Inflation | 44.99 -32.99% | 63.20 -5.87% | 87.60 30.47% | 115.35 71.81% | 140.55 109.34% |
| Very High Inflation | 40.42 -39.80% | 55.18 -17.81% | 74.42 10.84% | 96.15 43.21% | 115.80 72.48% |
Historical Restaurant Brands International Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Restaurant Brands International
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Mar 01, 2023 | 424B3 | Prospectus Filed | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 8-K | Current Report | |
| Feb 28, 2023 | SC 13D/A | 13D - Major Acquisition | |
| Feb 27, 2023 | 424B7 | Prospectus Filed | |
| Feb 24, 2023 | 4 | Insider Trading | |
| Feb 24, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for QSR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-16 | 3G Restaurant Brands Holdings General Partner Ltd. | sold | - | - | -2,213,850 | - |
2023-02-27 | 3G Restaurant Brands Holdings General Partner Ltd. | acquired | - | - | 2,213,850 | - |
2023-02-23 | Cil Jose E. | acquired | - | - | 264,461 | chief executive officer |
2023-02-23 | Cil Jose E. | sold | -17,359,200 | 65.64 | -264,461 | chief executive officer |
2023-02-22 | Housman Jeffrey | acquired | 168,698 | 67.75 | 2,490 | see remarks |
2023-02-22 | Shear David Chan | acquired | 396,880 | 67.75 | 5,858 | president, international |
2023-02-22 | Kobza Joshua | acquired | 468,152 | 67.75 | 6,910 | coo |
2023-02-22 | Dunnigan Matthew | acquired | 262,667 | 67.75 | 3,877 | cfo |
2023-02-22 | CURTIS THOMAS BENJAMIN | acquired | 164,158 | 67.75 | 2,423 | see remarks |
2023-02-22 | Siddiqui Sami A. | acquired | 160,771 | 67.75 | 2,373 | brand pres., popeyes, americas |
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.
QSR Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues: | |||
| Total revenues | $ 6,505 | $ 5,739 | $ 4,968 |
| Operating costs and expenses: | |||
| Cost of sales | 2,312 | 1,890 | 1,610 |
| Franchise and property expenses | 518 | 489 | 515 |
| Advertising expenses and other services | 1,077 | 986 | 870 |
| General and administrative expenses | 631 | 484 | 407 |
| (Income) loss from equity method investments | 44 | 4 | 39 |
| Other operating expenses (income), net | 25 | 7 | 105 |
| Total operating costs and expenses | 4,607 | 3,860 | 3,546 |
| Income from operations | 1,898 | 1,879 | 1,422 |
| Interest expense, net | 533 | 505 | 508 |
| Loss on early extinguishment of debt | 0 | 11 | 98 |
| Income before income taxes | 1,365 | 1,363 | 816 |
| Income tax (benefit) expense | (117) | 110 | 66 |
| Net income | 1,482 | 1,253 | 750 |
| Net income attributable to noncontrolling interests (Note 13) | 474 | 415 | 264 |
| Net income attributable to common shareholders | $ 1,008 | $ 838 | $ 486 |
| Earnings per common share: | |||
| Basic (in dollars per share) | $ 3.28 | $ 2.71 | $ 1.61 |
| Diluted (in dollars per share) | $ 3.25 | $ 2.69 | $ 1.60 |
| Weighted average shares outstanding (in millions): | |||
| Basic (in shares) | 307 | 310 | 302 |
| Diluted (in shares) | 455 | 464 | 468 |
| Sales | |||
| Revenues: | |||
| Total revenues | $ 2,819 | $ 2,378 | $ 2,013 |
| Franchise and property revenues | |||
| Revenues: | |||
| Total revenues | 2,661 | 2,443 | 2,121 |
| Advertising revenues and other services | |||
| Revenues: | |||
| Total revenues | $ 1,025 | $ 918 | $ 834 |
QSR Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,178 | $ 1,087 |
| Accounts and notes receivable, net of allowance of $36 and $18, respectively | 614 | 547 |
| Inventories, net | 133 | 96 |
| Prepaids and other current assets | 123 | 86 |
| Total current assets | 2,048 | 1,816 |
| Property and equipment, net of accumulated depreciation and amortization of $1,061 and $979, respectively | 1,950 | 2,035 |
| Operating lease assets, net | 1,082 | 1,130 |
| Intangible assets, net | 10,991 | 11,417 |
| Goodwill | 5,688 | 6,006 |
| Net investment in property leased to franchisees | 82 | 80 |
| Other assets, net | 905 | 762 |
| Total assets | 22,746 | 23,246 |
| Current liabilities: | ||
| Accounts and drafts payable | 758 | 614 |
| Other accrued liabilities | 1,001 | 947 |
| Gift card liability | 230 | 221 |
| Current portion of long-term debt and finance leases | 127 | 96 |
| Total current liabilities | 2,116 | 1,878 |
| Long-term debt, net of current portion | 12,839 | 12,916 |
| Finance leases, net of current portion | 311 | 333 |
| Operating lease liabilities, net of current portion | 1,027 | 1,070 |
| Other liabilities, net | 872 | 1,822 |
| Deferred income taxes, net | 1,313 | 1,374 |
| Total liabilities | 18,478 | 19,393 |
| Commitments and contingencies (Note 17) | ||
| Shareholders’ equity: | ||
| Common shares, no par value; Unlimited shares authorized at December 31, 2022 and December 31, 2021; 307,142,436 shares issued and outstanding at December 31, 2022; 309,025,068 shares issued and outstanding at December 31, 2021 | 2,057 | 2,156 |
| Retained earnings | 1,121 | 791 |
| Accumulated other comprehensive income (loss) | (679) | (710) |
| Total Restaurant Brands International Inc. shareholders’ equity | 2,499 | 2,237 |
| Noncontrolling interests | 1,769 | 1,616 |
| Total shareholders’ equity | 4,268 | 3,853 |
| Total liabilities and shareholders’ equity | $ 22,746 | $ 23,246 |