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Restaurant Brands International (TSX:QSR) Cyclically Adjusted Revenue per Share : C$16.82 (As of Mar. 2024)


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What is Restaurant Brands International Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Restaurant Brands International's adjusted revenue per share for the three months ended in Mar. 2024 was C$5.196. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$16.82 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2024-05-16), Restaurant Brands International's current stock price is C$97.20. Restaurant Brands International's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was C$16.82. Restaurant Brands International's Cyclically Adjusted PS Ratio of today is 5.78.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Restaurant Brands International was 6.46. The lowest was 5.17. And the median was 6.02.


Restaurant Brands International Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Restaurant Brands International's Cyclically Adjusted Revenue per Share 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 Cyclically Adjusted Revenue per Share Chart

Restaurant Brands International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 16.71

Restaurant Brands International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 - 16.27 16.55 16.71 16.82

Competitive Comparison of Restaurant Brands International's Cyclically Adjusted Revenue per Share

For the Restaurants subindustry, Restaurant Brands International's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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's Cyclically Adjusted PS Ratio Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's Cyclically Adjusted PS Ratio falls into.



Restaurant Brands International Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=5.196/126.2576*126.2576
=5.196

Current CPI (Mar. 2024) = 126.2576.

Restaurant Brands International Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.000 99.473 0.000
201409 1.520 99.394 1.931
201412 2.385 98.367 3.061
201503 2.521 99.789 3.190
201506 2.705 100.500 3.398
201509 2.839 100.421 3.569
201512 3.053 99.947 3.857
201603 2.594 101.054 3.241
201606 2.853 102.002 3.531
201609 2.996 101.765 3.717
201612 3.149 101.449 3.919
201703 2.811 102.634 3.458
201706 3.150 103.029 3.860
201709 3.101 103.345 3.789
201712 3.318 103.345 4.054
201803 3.422 105.004 4.115
201806 3.719 105.557 4.448
201809 3.773 105.636 4.510
201812 3.959 105.399 4.742
201903 3.625 106.979 4.278
201906 3.967 107.690 4.651
201909 4.108 107.611 4.820
201912 4.153 107.769 4.865
202003 3.646 107.927 4.265
202006 3.028 108.401 3.527
202009 3.764 108.164 4.394
202012 3.741 108.559 4.351
202103 3.406 110.298 3.899
202106 3.771 111.720 4.262
202109 4.074 112.905 4.556
202112 4.293 113.774 4.764
202203 4.011 117.646 4.305
202206 4.612 120.806 4.820
202209 5.071 120.648 5.307
202212 5.043 120.964 5.264
202303 4.771 122.702 4.909
202306 5.149 124.203 5.234
202309 5.415 125.230 5.459
202312 5.426 125.072 5.477
202403 5.196 126.258 5.196

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Restaurant Brands International  (TSX:QSR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Restaurant Brands International's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=97.20/16.82
=5.78

* 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.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Restaurant Brands International was 6.46. The lowest was 5.17. And the median was 6.02.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Restaurant Brands International Cyclically Adjusted Revenue per Share Related Terms

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


Restaurant Brands International (TSX:QSR) 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 is one of the largest restaurant companies in the world, with approximately $39 billion in 2022 systemwide sales across a footprint that spanned nearly 30,000 restaurants and more than 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Hortons supply chain operations. Formed in 2014 after 3G Capital's acquisition of Tim Hortons International, the Restaurant Brands portfolio now includes Burger King (19,000 units), Tim Hortons (5,600 units), Popeyes Louisiana Kitchen (4,100 units) and Firehouse Subs (1,250 units) as of year-end 2022.
Executives
Thomas Benjamin Iv Curtis Senior Officer
Jonathan Domanko Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Matthew Dunnigan Senior Officer
Jacqueline Friesner Senior Officer
Duncan Stanley Allpress Fulton Senior Officer
Jill Granat Senior Officer
Jeffrey Housman Senior Officer
Michele Keusch Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Joshua Kobza Senior Officer
Naira Saeed Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Axel Schwan Senior Officer
David Chan Shear Senior Officer
Sami Siddiqui Senior Officer
Vicente Tome Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)