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Restaurant Brands International LP (TSX:QSP.UN) Cyclically Adjusted Price-to-FCF : 20.82 (As of May. 27, 2024)


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What is Restaurant Brands International LP Cyclically Adjusted Price-to-FCF?

As of today (2024-05-27), Restaurant Brands International LP's current share price is C$92.23. Restaurant Brands International LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$4.43. Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF for today is 20.82.

The historical rank and industry rank for Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:QSP.UN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.77   Med: 22.79   Max: 24.57
Current: 20.8

During the past years, Restaurant Brands International LP's highest Cyclically Adjusted Price-to-FCF was 24.57. The lowest was 19.77. And the median was 22.79.

TSX:QSP.UN's Cyclically Adjusted Price-to-FCF is ranked worse than
60.98% of 123 companies
in the Restaurants industry
Industry Median: 15.67 vs TSX:QSP.UN: 20.80

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Restaurant Brands International LP's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$0.526. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$4.43 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Restaurant Brands International LP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Restaurant Brands International LP Cyclically Adjusted Price-to-FCF Chart

Restaurant Brands International LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 23.60

Restaurant Brands International LP Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 20.36 23.60 24.16

Competitive Comparison of Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF

For the Restaurants subindustry, Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF falls into.



Restaurant Brands International LP Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=92.23/4.43
=20.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Restaurant Brands International LP's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Restaurant Brands International LP's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.526/126.2576*126.2576
=0.526

Current CPI (Mar. 2024) = 126.2576.

Restaurant Brands International LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.195 99.473 0.248
201409 0.375 99.394 0.476
201412 -0.337 98.367 -0.433
201503 0.628 99.789 0.795
201506 0.579 100.500 0.727
201509 1.183 100.421 1.487
201512 0.648 99.947 0.819
201603 0.513 101.054 0.641
201606 0.937 102.002 1.160
201609 1.248 101.765 1.548
201612 0.907 101.449 1.129
201703 0.968 102.634 1.191
201706 0.645 103.029 0.790
201709 0.828 103.345 1.012
201712 1.761 103.345 2.151
201803 -0.459 105.004 -0.552
201806 1.225 105.557 1.465
201809 1.077 105.636 1.287
201812 1.595 105.399 1.911
201903 0.486 106.979 0.574
201906 1.014 107.690 1.189
201909 1.278 107.611 1.499
201912 2.044 107.769 2.395
202003 0.445 107.927 0.521
202006 0.148 108.401 0.172
202009 1.327 108.164 1.549
202012 1.009 108.559 1.173
202103 0.884 110.298 1.012
202106 1.533 111.720 1.732
202109 1.745 112.905 1.951
202112 1.619 113.774 1.797
202203 0.817 117.646 0.877
202206 1.548 120.806 1.618
202209 1.446 120.648 1.513
202212 1.472 120.964 1.536
202303 0.341 122.702 0.351
202306 1.402 124.203 1.425
202309 1.619 125.230 1.632
202312 1.426 125.072 1.440
202403 0.526 126.258 0.526

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Restaurant Brands International LP  (TSX:QSP.UN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Restaurant Brands International LP Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Restaurant Brands International LP (TSX:QSP.UN) Business Description

Traded in Other Exchanges
Address
130 King Street West, Suite 300, P.O. Box 339, Toronto, ON, CAN, M5X 1E1
Restaurant Brands International LP is a Canada-based firm. It owns, operates and franchises quick-service restaurants and possesses market recognition. It operates in three segments namely; Tim Hortons; Burger King; and Popeyes Louisiana Kitchen. Its business generates revenue from franchise revenues; property revenues from properties it leases or subleases to franchisees; and sales at restaurants owned by the company. In addition, the Tim Hortons business generates a vast majority of the revenue from sales to franchisees related to its supply chain operations, including manufacturing, procurement, warehousing, and distribution, as well as sales to retailers.

Restaurant Brands International LP (TSX:QSP.UN) Headlines

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