GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Restaurant Brands International Inc (NYSE:QSR) » Definitions » Cyclically Adjusted Price-to-FCF

Restaurant Brands International (Restaurant Brands International) Cyclically Adjusted Price-to-FCF : 25.81 (As of Apr. 27, 2024)


View and export this data going back to 2014. Start your Free Trial

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

As of today (2024-04-27), Restaurant Brands International's current share price is $73.82. Restaurant Brands International's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $2.86. Restaurant Brands International's Cyclically Adjusted Price-to-FCF for today is 25.81.

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

QSR' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.7   Med: 26.49   Max: 28.46
Current: 26.35

During the past years, Restaurant Brands International's highest Cyclically Adjusted Price-to-FCF was 28.46. The lowest was 22.70. And the median was 26.49.

QSR's Cyclically Adjusted Price-to-FCF is ranked worse than
71.19% of 118 companies
in the Restaurants industry
Industry Median: 15.14 vs QSR: 26.35

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's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.791. 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 $2.86 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Restaurant Brands International'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 Cyclically Adjusted Price-to-FCF Chart

Restaurant Brands International 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 - - - - 27.32

Restaurant Brands International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - 27.68 23.99 27.32

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

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

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

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



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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=73.82/2.86
=25.81

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Restaurant Brands International's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.791/125.4675*125.4675
=0.791

Current CPI (Dec. 2023) = 125.4675.

Restaurant Brands International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 98.604 0.000
201406 0.000 99.473 0.000
201409 0.787 99.394 0.993
201412 -0.676 98.367 -0.862
201503 0.497 99.789 0.625
201506 0.459 100.500 0.573
201509 0.874 100.421 1.092
201512 0.468 99.947 0.587
201603 0.379 101.054 0.471
201606 0.670 102.002 0.824
201609 0.868 101.765 1.070
201612 0.669 101.449 0.827
201703 0.598 102.634 0.731
201706 0.405 103.029 0.493
201709 0.729 103.345 0.885
201712 1.109 103.345 1.346
201803 -0.249 105.004 -0.298
201806 0.808 105.557 0.960
201809 0.747 105.636 0.887
201812 0.977 105.399 1.163
201903 0.319 106.979 0.374
201906 0.665 107.690 0.775
201909 0.889 107.611 1.037
201912 1.141 107.769 1.328
202003 0.249 107.927 0.289
202006 0.085 108.401 0.098
202009 0.809 108.164 0.938
202012 0.574 108.559 0.663
202103 0.540 110.298 0.614
202106 0.961 111.720 1.079
202109 1.045 112.905 1.161
202112 0.944 113.774 1.041
202203 0.489 117.646 0.522
202206 0.916 120.806 0.951
202209 0.824 120.648 0.857
202212 0.824 120.964 0.855
202303 0.169 122.702 0.173
202306 0.790 124.203 0.798
202309 0.889 125.230 0.891
202312 0.791 125.468 0.791

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  (NYSE:QSR) 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 Cyclically Adjusted Price-to-FCF Related Terms

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


Restaurant Brands International (Restaurant Brands International) 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
Axel Mr Schwan officer: Pres., Tim Hortons Americas 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jeffrey Housman officer: See Remarks C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Joshua Kobza officer: Chief Financial Officer 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
David Chan Shear officer: President, International C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Thomas Benjamin Curtis officer: See Remarks 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Duncan Fulton officer: Chief Corporate Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Jacqueline Friesner officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jill Granat officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Matthew Dunnigan officer: CFO 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Sami A. Siddiqui officer: Brand Pres., Popeyes, Americas C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
J Patrick Doyle officer: Executive Chairman 8701 COLLINS AVENUE UNIT 1202, MIAMI BEACH FL 33154
Jordana Fribourg director C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Ali Hedayat director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jose E. Cil officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Cristina Farjallat director 130 KING STREET WEST, SUITE 300, TORONTO Z4 M5X 1E1