QSR - Restaurant Brands International Inc.
NYSE
->
Consumer Cyclical
->
Restaurants
Toronto,
Canada
Type: Equity
QSR price evolution
QSR
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $942 | $1049 | $1139 | $1310 |
| Short term investments | ||||
| Net receivables | $737 | $749 | $749 | $692 |
| Inventory | $160 | $152 | $166 | $160 |
| Total current assets | $2030 | $2071 | $2173 | $2383 |
| Long term investments | ||||
| Property, plant & equipment | $4087 | $3070 | $3074 | $2964 |
| Goodwill & intangible assets | $17406 | $16672 | $16882 | $16627 |
| Total noncurrent assets | $22819 | $21074 | $21218 | $20694 |
| Total investments | ||||
| Total assets | $24849 | $23145 | $23391 | $23077 |
| Current liabilities | ||||
| Accounts payable | $720 | $734 | $790 | $693 |
| Deferred revenue | ||||
| Short long term debt | $617 | $110 | $101 | $87 |
| Total current liabilities | $2617 | $1924 | $2144 | $2071 |
| Long term debt | $15162 | $14215 | $14225 | $14170 |
| Total noncurrent liabilities | $17281 | $16386 | $16517 | $16342 |
| Total debt | $15779 | $14325 | $14326 | $14257 |
| Total liabilities | $19898 | $18310 | $18661 | $18413 |
| Shareholders' equity | ||||
| Retained earnings | $1734 | $1640 | $1599 | $1268 |
| Other shareholder equity | -$804 | -$747 | -$706 | -$627 |
| Total shareholder equity | $3068 | $2969 | $2866 | $2908 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1139 | $1178 | $1087 | $1560 |
| Short term investments | ||||
| Net receivables | $749 | $614 | $547 | $536 |
| Inventory | $166 | $133 | $96 | $96 |
| Total current assets | $2173 | $2048 | $1816 | $2264 |
| Long term investments | $205 | |||
| Property, plant & equipment | $3074 | $3032 | $3245 | $3249 |
| Goodwill & intangible assets | $16882 | $16679 | $17423 | $16440 |
| Total noncurrent assets | $21218 | $20698 | $21430 | $20513 |
| Total investments | ||||
| Total assets | $23391 | $22746 | $23246 | $22777 |
| Current liabilities | ||||
| Accounts payable | $790 | $758 | $614 | $464 |
| Deferred revenue | ||||
| Short long term debt | $101 | $127 | $96 | $111 |
| Total current liabilities | $2144 | $2116 | $1878 | $1601 |
| Long term debt | $14225 | $13150 | $14319 | $13794 |
| Total noncurrent liabilities | $16517 | $16362 | $17515 | $17455 |
| Total debt | $14326 | $14304 | $14415 | $13905 |
| Total liabilities | $18661 | $20247 | $19393 | $19056 |
| Shareholders' equity | ||||
| Retained earnings | $1599 | $1121 | $791 | $622 |
| Other shareholder equity | -$706 | -$679 | -$710 | -$854 |
| Total shareholder equity | $2866 | $2499 | $2237 | $2167 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2080 | $1739 | $1820 | $1837 |
| Cost of revenue | $960 | $732 | $783 | $749 |
| Gross Profit | $1120 | $1007 | $1037 | $1088 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $519 | $484 | $561 | $495 |
| Total operating expenses | $526 | $466 | $596 | $505 |
| Operating income | $594 | $541 | $441 | $583 |
| Income from continuing operations | ||||
| EBIT | $512 | $446 | $250 | $454 |
| Income tax expense | $85 | $68 | -$410 | $59 |
| Interest expense | $147 | $148 | $152 | $143 |
| Net income | ||||
| Net income | $280 | $230 | $508 | $252 |
| Income (for common shares) | $280 | $230 | $508 | $252 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $7022 | $6505 | $5739 | $4968 |
| Cost of revenue | $2947 | $2830 | $2379 | $2138 |
| Gross Profit | $4075 | $3675 | $3360 | $2830 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $1977 | $1708 | $1470 | $1264 |
| Total operating expenses | $2032 | $1733 | $1477 | $1369 |
| Operating income | $2043 | $1942 | $1883 | $1461 |
| Income from continuing operations | ||||
| EBIT | $1507 | $1424 | $1453 | $1060 |
| Income tax expense | -$265 | -$117 | $110 | $66 |
| Interest expense | $582 | $533 | $505 | $508 |
| Net income | ||||
| Net income | $1190 | $1008 | $838 | $486 |
| Income (for common shares) | $1190 | $1008 | $838 | $486 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | $280 | $230 | $508 | $252 |
| Operating activities | ||||
| Depreciation | $59 | $49 | $49 | $47 |
| Business acquisitions & disposals | -$503 | -$21 | $14 | $10 |
| Stock-based compensation | $41 | $46 | $53 | $49 |
| Total cash flows from operations | $334 | $148 | $403 | $433 |
| Investing activities | ||||
| Capital expenditures | -$43 | -$26 | -$47 | -$25 |
| Investments | $19 | $16 | $72 | $12 |
| Total cash flows from investing | -$528 | -$31 | $22 | -$3 |
| Financing activities | ||||
| Dividends paid | -$261 | -$245 | -$249 | -$249 |
| Sale and purchase of stock | $21 | $39 | -$377 | -$112 |
| Net borrowings | $303 | -$24 | -$14 | -$1 |
| Total cash flows from financing | $91 | -$203 | -$600 | -$326 |
| Effect of exchange rate | -$4 | -$4 | $4 | -$7 |
| Change in cash and equivalents | -$107 | -$90 | -$171 | $97 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1190 | $1008 | $838 | $486 |
| Operating activities | ||||
| Depreciation | $191 | $190 | $201 | $189 |
| Business acquisitions & disposals | $37 | -$988 | $12 | |
| Stock-based compensation | $194 | $136 | $102 | $74 |
| Total cash flows from operations | $1323 | $1490 | $1726 | $921 |
| Investing activities | ||||
| Capital expenditures | -$120 | -$100 | -$106 | -$117 |
| Investments | $112 | $71 | $5 | $33 |
| Total cash flows from investing | $11 | -$64 | -$1103 | -$79 |
| Financing activities | ||||
| Dividends paid | -$990 | -$971 | -$974 | -$959 |
| Sale and purchase of stock | -$440 | -$275 | -$491 | $82 |
| Net borrowings | -$81 | -$92 | $427 | $484 |
| Total cash flows from financing | -$1374 | -$1307 | -$1093 | -$821 |
| Effect of exchange rate | $1 | -$28 | -$3 | $6 |
| Change in cash and equivalents | -$39 | $91 | -$473 | $27 |
News
Fundamentals
| Market cap | $22.52B |
|---|---|
| Enterprise value | $37.36B |
| Shares outstanding | 316.90M |
| Revenue | $7.48B |
|---|---|
| EBITDA | $1.87B |
| EBIT | $1.66B |
| Net Income | $1.27B |
| Revenue Q/Q | 17.18% |
| Revenue Y/Y | 10.27% |
| P/E ratio | 17.73 |
|---|---|
| EV/Sales | 5.00 |
| EV/EBITDA | 20.02 |
| EV/EBIT | 22.48 |
| P/S ratio | 3.01 |
| P/B ratio | 5.82 |
| Book/Share | 12.22 |
| Cash/Share | 2.97 |
| EPS | $4.01 |
|---|---|
| ROA | 5.38% |
| ROE | 43.01% |
| Debt/Equity | 6.51 |
|---|---|
| Net debt/EBITDA | 10.16 |
| Current ratio | 0.78 |
| Quick ratio | 0.71 |