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QSR (Restaurant Brands International) Earnings Yield (Joel Greenblatt) % : 5.62% (As of Jun. 2024)


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What is Restaurant Brands International Earnings Yield (Joel Greenblatt) %?

Restaurant Brands International's Enterprise Value for the quarter that ended in Jun. 2024 was $39,244 Mil. Restaurant Brands International's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 was $2,228 Mil. Restaurant Brands International's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2024 was 5.62%.

The historical rank and industry rank for Restaurant Brands International's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

QSR' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.02   Med: 4.07   Max: 6.6
Current: 5.9

During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Restaurant Brands International was 6.60%. The lowest was 0.02%. And the median was 4.07%.

QSR's Earnings Yield (Joel Greenblatt) % is ranked better than
68.61% of 360 companies
in the Restaurants industry
Industry Median: 4.01 vs QSR: 5.90

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Restaurant Brands International's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2024 was 8.34%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Restaurant Brands International Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Restaurant Brands International's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart

Restaurant Brands International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 4.00 5.48 5.38 5.21

Restaurant Brands International Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Earnings Yield (Joel Greenblatt) % 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 4.91 5.30 5.21 5.28 5.62

Competitive Comparison of Restaurant Brands International's Earnings Yield (Joel Greenblatt) %

For the Restaurants subindustry, Restaurant Brands International's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Restaurant Brands International's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Restaurant Brands International's Earnings Yield (Joel Greenblatt) % falls into.



Restaurant Brands International Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Restaurant Brands Internationals Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2048/39652.10915
=5.16 %

Restaurant Brands International's EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,228 Mil.



Restaurant Brands International  (NYSE:QSR) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Restaurant Brands International Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Restaurant Brands International's Earnings Yield (Joel Greenblatt) % 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 $43 billion in 2023 systemwide sales across a footprint that spanned more than 31,000 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 (7,144 units), Tim Hortons (4,525 units), Popeyes Louisiana Kitchen (3,394 units), Firehouse Subs (1,265 units), and international franchise units of those banners (14,742) as of year-end 2023.
Executives
Thomas Benjamin Curtis officer: See Remarks 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Axel Mr Schwan officer: Pres., Tim Hortons Americas 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Joshua Kobza officer: Chief Financial Officer 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Ali Hedayat director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jill Granat officer: See Remarks 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Duncan Fulton officer: Chief Corporate Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Jeffrey Housman officer: See Remarks C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI FL 33126
Matthew Dunnigan officer: CFO 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Jacqueline Friesner officer: See Remarks 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
David Chan Shear officer: President, International 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
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