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Restaurant Brands International LP (TSX:QSP.UN) Cyclically Adjusted Price-to-FCF : 22.26 (As of Apr. 30, 2024)


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

As of today (2024-04-30), Restaurant Brands International LP's current share price is C$97.71. Restaurant Brands International LP's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was C$4.39. Restaurant Brands International LP's Cyclically Adjusted Price-to-FCF for today is 22.26.

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: 19.82   Med: 23.07   Max: 24.51
Current: 22.28

During the past years, Restaurant Brands International LP's highest Cyclically Adjusted Price-to-FCF was 24.51. The lowest was 19.82. And the median was 23.07.

TSX:QSP.UN's Cyclically Adjusted Price-to-FCF is ranked worse than
63.56% of 118 companies
in the Restaurants industry
Industry Median: 15.82 vs TSX:QSP.UN: 22.28

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 Dec. 2023 was C$1.426. 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$4.39 for the trailing ten years ended in Dec. 2023.

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 - - - - 23.55

Restaurant Brands International LP 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 - - - 20.38 23.55

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
=97.71/4.39
=22.26

* 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 Dec. 2023 is calculated as:

For example, Restaurant Brands International LP'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)
=1.426/125.4675*125.4675
=1.426

Current CPI (Dec. 2023) = 125.4675.

Restaurant Brands International LP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.290 98.604 0.369
201406 0.195 99.473 0.246
201409 0.375 99.394 0.473
201412 -0.337 98.367 -0.430
201503 0.628 99.789 0.790
201506 0.579 100.500 0.723
201509 1.183 100.421 1.478
201512 0.648 99.947 0.813
201603 0.513 101.054 0.637
201606 0.937 102.002 1.153
201609 1.248 101.765 1.539
201612 0.907 101.449 1.122
201703 0.968 102.634 1.183
201706 0.645 103.029 0.785
201709 0.828 103.345 1.005
201712 1.761 103.345 2.138
201803 -0.459 105.004 -0.548
201806 1.225 105.557 1.456
201809 1.077 105.636 1.279
201812 1.595 105.399 1.899
201903 0.486 106.979 0.570
201906 1.014 107.690 1.181
201909 1.278 107.611 1.490
201912 2.044 107.769 2.380
202003 0.445 107.927 0.517
202006 0.148 108.401 0.171
202009 1.327 108.164 1.539
202012 1.009 108.559 1.166
202103 0.884 110.298 1.006
202106 1.533 111.720 1.722
202109 1.745 112.905 1.939
202112 1.619 113.774 1.785
202203 0.817 117.646 0.871
202206 1.548 120.806 1.608
202209 1.446 120.648 1.504
202212 1.472 120.964 1.527
202303 0.305 122.702 0.312
202306 1.402 124.203 1.416
202309 1.619 125.230 1.622
202312 1.426 125.468 1.426

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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