Company logo

QSR - Restaurant Brands International Inc.

NYSE -> Consumer Cyclical -> Restaurants
Toronto, Canada
Type: Equity

QSR price evolution
QSR
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1139 $1310 $1213 $1033
Short term investments
Net receivables $749 $692 $639 $612
Inventory $166 $160 $171 $145
Total current assets $2173 $2383 $2190 $1893
Long term investments
Property, plant & equipment $3074 $2964 $3051 $3101
Goodwill & intangible assets $16882 $16627 $16892 $16705
Total noncurrent assets $21218 $20694 $20943 $20633
Total investments
Total assets $23391 $23077 $23133 $22526
Current liabilities
Accounts payable $790 $693 $735 $679
Deferred revenue
Short long term debt $101 $87 $132 $128
Total current liabilities $2144 $2071 $2016 $1882
Long term debt $14225 $14170 $14152 $14150
Total noncurrent liabilities $16517 $16342 $16439 $16333
Total debt $14326 $14257 $14284 $14278
Total liabilities $18661 $18413 $18455 $18215
Shareholders' equity
Retained earnings $1599 $1268 $1198 $1134
Other shareholder equity -$706 -$627 -$591 -$716
Total shareholder equity $2866 $2908 $2854 $2575
(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 $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1820 $1837 $1775 $1590
Cost of revenue $783 $749 $742 $673
Gross Profit $1037 $1088 $1033 $917
Operating activities
Research & development
Selling, general & administrative $561 $495 $475 $446
Total operating expenses $596 $505 $468 $463
Operating income $441 $583 $565 $454
Income from continuing operations
EBIT $250 $454 $444 $359
Income tax expense -$410 $59 $58 $28
Interest expense $152 $143 $145 $142
Net income
Net income $508 $252 $241 $189
Income (for common shares) $508 $252 $241 $189
(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 $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $508 $252 $241 $189
Operating activities
Depreciation $49 $47 $49 $46
Business acquisitions & disposals $14 $10 $9 $4
Stock-based compensation $53 $49 $47 $45
Total cash flows from operations $403 $433 $392 $95
Investing activities
Capital expenditures -$47 -$25 -$30 -$18
Investments $72 $12 $14 $14
Total cash flows from investing $22 -$3 -$8
Financing activities
Dividends paid -$249 -$249 -$249 -$243
Sale and purchase of stock -$377 -$112 $43 $6
Net borrowings -$14 -$1 -$34 -$32
Total cash flows from financing -$600 -$326 -$208 -$240
Effect of exchange rate $4 -$7 $4
Change in cash and equivalents -$171 $97 $180 -$145
(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
Fundamentals
Market cap $24.72B
Enterprise value $37.91B
Shares outstanding 312.45M
Revenue $7.02B
EBITDA $1.70B
EBIT $1.51B
Net Income $1.19B
Revenue Q/Q 7.76%
Revenue Y/Y 7.95%
P/E ratio 20.77
EV/Sales 5.40
EV/EBITDA 22.32
EV/EBIT 25.15
P/S ratio 3.52
P/B ratio 6.92
Book/Share 11.43
Cash/Share 3.65
EPS $3.81
ROA 5.17%
ROE 42.49%
Debt/Equity 6.51
Net debt/EBITDA 10.32
Current ratio 1.01
Quick ratio 0.94