Restaurant Brands International Inc
TSX:QSR

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Restaurant Brands International Inc
TSX:QSR
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Price: 94.02 CAD -1.11%
Market Cap: 30.8B CAD

Relative Value

The Relative Value of one QSR stock under the Base Case scenario is 125.8 CAD. Compared to the current market price of 94.02 CAD, Restaurant Brands International Inc is Undervalued by 25%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

QSR Relative Value
Base Case
125.8 CAD
Undervaluation 25%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
41
vs Industry
19
Median 3Y
4
Median 5Y
3.4
Industry
1.5
Forward
3.4
vs History
14
vs Industry
20
Median 3Y
28.1
Median 5Y
26.3
Industry
20
Forward
25.4
vs History
25
vs Industry
17
Median 3Y
22.2
Median 5Y
17.7
Industry
10.2
vs History
37
vs Industry
19
Median 3Y
47.6
Median 5Y
24.1
Industry
19.7
vs History
33
vs Industry
6
Median 3Y
10
Median 5Y
7.9
Industry
2.2
vs History
61
vs Industry
17
Median 3Y
5.6
Median 5Y
5.2
Industry
2
Forward
4.7
vs History
38
vs Industry
19
Median 3Y
9.1
Median 5Y
8.4
Industry
4
vs History
37
vs Industry
20
Median 3Y
17.8
Median 5Y
15.8
Industry
10.9
Forward
14.7
vs History
37
vs Industry
31
Median 3Y
19.5
Median 5Y
17.6
Industry
17
Forward
17
vs History
24
vs Industry
14
Median 3Y
31.2
Median 5Y
28.1
Industry
12.6
vs History
3
vs Industry
19
Median 3Y
35.2
Median 5Y
32.1
Industry
17.8
vs History
33
vs Industry
29
Median 3Y
1.9
Median 5Y
1.5
Industry
1.3

Multiples Across Competitors

QSR Competitors Multiples
Restaurant Brands International Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Restaurant Brands International Inc
TSX:QSR
30.9B CAD 3.5 32.7 16.9 18.9
US
McDonald's Corp
NYSE:MCD
216.3B USD 8.4 26.6 18.4 21.7
US
Starbucks Corp
NASDAQ:SBUX
97.6B USD 2.7 37.1 19.3 27.9
UK
Compass Group PLC
LSE:CPG
44.8B GBP 1 30.8 14.5 18.9
US
Chipotle Mexican Grill Inc
NYSE:CMG
57.5B USD 5 37.3 24.3 28.6
US
Yum! Brands Inc
NYSE:YUM
40.3B USD 5.2 28.4 19.1 20.5
IN
Eternal Ltd
NSE:ETERNAL
2.8T INR 11.9 924.7 657.3 -594.9
US
Darden Restaurants Inc
NYSE:DRI
23.5B USD 2 22.5 14 19.1
CN
MIXUE Group
HKEX:2097
177.2B HKD 0 0 0 0
CN
Yum China Holdings Inc
NYSE:YUMC
17.4B USD 1.5 19 9.2 12.6
US
Domino's Pizza Inc
NYSE:DPZ
15.8B USD 3.3 26.5 19.4 21.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Restaurant Brands International Inc
TSX:QSR
Average EV/EBITDA: 81.2
16.9
9%
1.9
US
McDonald's Corp
NYSE:MCD
18.4
6%
3.1
US
Starbucks Corp
NASDAQ:SBUX
19.3
5%
3.9
UK
Compass Group PLC
LSE:CPG
14.5
16%
0.9
US
Chipotle Mexican Grill Inc
NYSE:CMG
24.3
13%
1.9
US
Yum! Brands Inc
NYSE:YUM
19.1
8%
2.4
IN
Eternal Ltd
NSE:ETERNAL
657.3
114%
5.8
US
Darden Restaurants Inc
NYSE:DRI
14
6%
2.3
CN
M
MIXUE Group
HKEX:2097
Not Available
18%
N/A
CN
Yum China Holdings Inc
NYSE:YUMC
9.2
10%
0.9
US
Domino's Pizza Inc
NYSE:DPZ
19.4
7%
2.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Restaurant Brands International Inc
TSX:QSR
Average EV/EBIT: 21.1
18.9
8%
2.4
US
McDonald's Corp
NYSE:MCD
21.7
7%
3.1
US
Starbucks Corp
NASDAQ:SBUX
27.9
5%
5.6
UK
Compass Group PLC
LSE:CPG
18.9
13%
1.5
US
Chipotle Mexican Grill Inc
NYSE:CMG
28.6
14%
2
US
Yum! Brands Inc
NYSE:YUM
20.5
8%
2.6
IN
Eternal Ltd
NSE:ETERNAL
Negative Multiple: -594.9 N/A N/A
US
Darden Restaurants Inc
NYSE:DRI
19.1
6%
3.2
CN
M
MIXUE Group
HKEX:2097
Not Available
17%
N/A
CN
Yum China Holdings Inc
NYSE:YUMC
12.6
10%
1.3
US
Domino's Pizza Inc
NYSE:DPZ
21.3
7%
3