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Restaurant Brands International (MEX:QSR N) Cyclically Adjusted FCF per Share : MXN53.73 (As of Mar. 2025)


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What is Restaurant Brands International Cyclically Adjusted FCF 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 FCF per Share and 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 for the three months ended in Mar. 2025 was MXN2.423. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN53.73 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Restaurant Brands International's average Cyclically Adjusted FCF Growth Rate was 7.50% per year. 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2025-07-04), Restaurant Brands International's current stock price is MXN1280.00. Restaurant Brands International's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN53.73. Restaurant Brands International's Cyclically Adjusted Price-to-FCF of today is 23.82.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Restaurant Brands International was 28.54. The lowest was 21.63. And the median was 25.21.


Restaurant Brands International Cyclically Adjusted FCF per Share Historical Data

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

Restaurant Brands International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 46.34 59.65

Restaurant Brands International Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF 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 44.24 45.68 50.75 59.65 53.73

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

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.


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Restaurant Brands International Cyclically Adjusted FCF 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 FCF per Share and 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.

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

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. Let's use an example to explain.

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

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

For example, Restaurant Brands International's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.423/129.1809*129.1809
=2.423

Current CPI (Mar. 2025) = 129.1809.

Restaurant Brands International Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 7.209 100.500 9.266
201509 14.763 100.421 18.991
201512 8.040 99.947 10.392
201603 6.531 101.054 8.349
201606 12.384 102.002 15.684
201609 16.776 101.765 21.296
201612 13.800 101.449 17.572
201703 11.254 102.634 14.165
201706 7.317 103.029 9.174
201709 13.230 103.345 16.538
201712 21.786 103.345 27.233
201803 -4.523 105.004 -5.564
201806 15.877 105.557 19.430
201809 13.980 105.636 17.096
201812 19.175 105.399 23.502
201903 6.189 106.979 7.473
201906 12.779 107.690 15.329
201909 17.558 107.611 21.077
201912 21.514 107.769 25.788
202003 5.850 107.927 7.002
202006 1.969 108.401 2.346
202009 17.861 108.164 21.331
202012 11.422 108.559 13.592
202103 11.034 110.298 12.923
202106 19.137 111.720 22.128
202109 21.491 112.905 24.589
202112 19.357 113.774 21.978
202203 9.738 117.646 10.693
202206 18.438 120.806 19.716
202209 16.571 120.648 17.743
202212 16.068 120.964 17.159
202303 3.044 122.702 3.205
202306 13.550 124.203 14.093
202309 15.483 125.230 15.971
202312 13.429 125.072 13.870
202403 4.470 126.258 4.573
202406 11.769 127.522 11.922
202409 21.035 127.285 21.348
202412 18.437 127.364 18.700
202503 2.423 129.181 2.423

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


Restaurant Brands International  (MEX:QSR N) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 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 Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1280.00/53.73
=23.82

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Restaurant Brands International was 28.54. The lowest was 21.63. And the median was 25.21.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Restaurant Brands International Cyclically Adjusted FCF per Share Related Terms

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


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 $44 billion in 2024 systemwide sales across a footprint that spanned more than 32,000 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 RBI portfolio is split among Burger King (7,082 units), Tim Hortons (4,539 units), Popeyes Louisiana Kitchen (3,520 units), Firehouse Subs (1,345 units), and international franchise units of those banners (15,639) as of year-end 2024.

Restaurant Brands International Headlines

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