Restaurant Brands Asia Ltd - Stock Valuation and Financial Performance

BSE: 543248 | NSE: RBA | Restaurants | Small Cap

Restau. Brands Asia Share Price

101.25 -0.35 -0.34%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Restau. Brands Asia

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Restaurant Brands Asia stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
5,038.2 Cr.
52-wk low:
83.7
52-wk high:
137.9

Is Restaurant Brands Asia Ltd an attractive stock to invest in?

1. Is Restaurant Brands Asia Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Restaurant Brands Asia Ltd is a below average quality company.

2. Is Restaurant Brands Asia Ltd undervalued or overvalued?

The key valuation ratios of Restaurant Brands Asia Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Restaurant Brands Asia Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Restaurant Brands Asia Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Restau. Brands Asia:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Restaurant Brands Asia Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -16.1%-19.1%-2.5%-6.9%-19.4%-3.5%-0.5%-
Value Creation
Index
-2.2-2.4-1.2-1.5-2.4-1.3-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2303786338414949441,4401,686
Sales YoY Gr.-64.4%67.3%33%-41.2%90.9%52.6%-
Adj EPS -2.2-3.3-1.5-2.7-4.4-1.9-1.5-1.3
YoY Gr.-NANANANANANA-
BVPS (₹) 13.810.79.39.817.339.33837.6
Adj Net
Profit
-59.1-88.5-40.4-74.1-169-93-71.6-63
Cash Flow from Ops. -3.330.586.511328.798.5162-
Debt/CF from Ops. 001.21.8000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA30.7%19.6%52.6%
Adj EPS NANANANA
BVPSNA28.8%57.2%-3.4%
Share Price - - -8% 16.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-16.1-27-15-28.2-35.6-7.1-3.7-3.3
Op. Profit
Mgn %
-17.62.212.512.439.611.513.3
Net Profit
Mgn %
-25.7-23.4-6.4-8.8-34.2-9.9-5-3.7
Debt to
Equity
000.40.7000-
Working Cap
Days
028252651342923
Cash Conv.
Cycle
0-27-32-32-58-50-36-7

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.61%

Sales growth is good in last 4 quarters at 26.19%

Return on Equity is Poor

Latest Financials - Restaurant Brands Asia Ltd.

Standalone Consolidated
TTM EPS (₹) -1.3 -4.2
TTM Sales (₹ Cr.) 1,686 2,354
BVPS (₹.) 37.6 14
Reserves (₹ Cr.) 1,371 200
P/BV 2.70 7.24
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 83.71 / 137.85
All Time Low / High (₹) 83.71 / 219.15
Market Cap (₹ Cr.) 5,038
Equity (₹ Cr.) 496.4
Face Value (₹) 10
Industry PE 95.3

Management X-Ray of Restau. Brands Asia:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Restau. Brands Asia

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2303786338414949441,440
Operating Expenses 2703705547374798541,274
Manufacturing Costs4376116163112196310
Material Costs92131209279161293434
Employee Cost 517097137118154228
Other Costs 849313115989211302
Operating Profit -408791041590165
Operating Profit Margin (%) -17.6%2.1%12.5%12.4%3.0%9.6%11.5%
Other Income 411116282133
Interest 0374665826890
Depreciation 216482116128136180
Exceptional Items 000-4-800
Profit Before Tax -57-82-38-77-174-93-72
Tax 0000000
Profit After Tax -57-82-38-77-174-93-72
PAT Margin (%) -24.8%-21.7%-6.0%-9.1%-35.2%-9.8%-5.0%
Adjusted EPS (₹)-2.2-3.1-1.4-2.8-4.5-1.9-1.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3652842462716641,9381,878
Share Capital 265265265278383493495
Reserves 10019-19-62811,4451,384
Minority Interest0000000
Debt00100199000
Long Term Debt000179000
Short Term Debt0010020000
Trade Payables19436182114132139
Others Liabilities 3134035146466508161,072
Total Liabilities 6987309201,1981,4282,8863,090

Fixed Assets

Gross Block5437221,0031,3561,4181,7232,242
Accumulated Depreciation68129211319432565701
Net Fixed Assets4755927931,0379861,1571,541
CWIP 10102048301130
Investments 1778738191241,5111,380
Inventories4579101419
Trade Receivables13636911
Cash Equivalents 127162821610615
Others Assets18264054567893
Total Assets 6987309201,1981,4282,8863,090

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -330871132998162
PBT -72-81-39-78-174-93-72
Adjustment 6992119180169173245
Changes in Working Capital -0207113424-6
Tax Paid 00000-6-5
Cash Flow From Investing Activity -22213-114-230-304-1,388-42
Capex -93-87-165-228-35-116-282
Net Investments -1299951-3-271-173358
Others 00002-1,100-118
Cash Flow From Financing Activity 235-48361062961,280-121
Net Proceeds from Shares 2700005621,3580
Net Proceeds from Borrowing 0000-17900
Interest Paid -27-37-64-5000
Dividend Paid 0000000
Others -8-12100111-87-79-121
Net Cash Flow 10-59-1221-100
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-15.6-25.32-14.46-29.63-37.19-7.15-3.76
ROCE (%)-15.52-13.842.57-2.7-16-1.910.92
Asset Turnover Ratio0.330.530.770.790.380.440.48
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days2222333
Inventory Days6434754
Payable Days77889193222153114

Restaurant Brands Asia Ltd Stock News

Restaurant Brands Asia Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Restau. Brands Asia on 28-Mar-2024 16:01 is ₹101.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Restau. Brands Asia stood at ₹5,038.2.
The latest P/E ratio of Restau. Brands Asia as of 28-Mar-2024 16:01 is 0.00.
The latest P/B ratio of Restau. Brands Asia as of 28-Mar-2024 16:01 is 2.70.
The 52-week high of Restau. Brands Asia is ₹137.8 and the 52-week low is ₹83.71.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Restau. Brands Asia is ₹1,686 ( Cr.) .

About Restaurant Brands Asia Ltd

The company was incorporated as ‘Burger King India Private Limited’ under the Companies Act, 1956 at Mumbai, pursuant to a certificate of incorporation dated November 11, 2013, issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Subsequently, the company was converted into a public limited company, the word ‘private’ was struck off from the name of the company and consequently, a fresh certificate of incorporation dated September 25, 2019 was issued by the RoC, recording the change of the company’s name to ‘Burger King India Limited’.

The company is one of the fastest growing international QSR chains in India during the first five years of its operations based on number of restaurants. As the national master franchisee of the Burger King brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. Its master franchisee arrangement provides it with the ability to use Burger King’s globally recognized brand name to grow its business in India, while leveraging the technical, marketing and operational expertise associated with the global Burger King brand.

The company’s master franchisee arrangement provides it with flexibility to tailor its menu to Indian tastes and preferences, as well as its promotions and pricing. Its customer proposition focuses on value leadership, offering its customers variety through innovative new food offerings at different day parts, catering to the local Indian palate, offering a wide range of vegetarian meal options, and its taste advantage and flame grilling expertise. This enables it to grow its customer base by attracting customers looking for everyday value and giving them opportunities to access its brand for the first time. This also increases the frequency and occasions when customers can visit its restaurants, which drives footfalls and same-store sales.

Business area of the company

Burger King is the India's fastest growing quick service restaurant chains. It has an exclusive right to establish, develop, and operate Burger King branded restaurants in India.

Awards and accreditations:

  • 2015: The company was awarded with ‘APAC Rookie of the Year’ by Burger King Corporation.
  • 2016: The company was awarded with ‘APAC Segment 2 Operator of the Year’ by Burger King Corporation.
  • 2017: The company was awarded with ‘APAC Marketer of the Year’ by Burger King Corporation.
  • 2018: The company was awarded with ‘APAC Operator of the Year’ by Burger King Corporation.
  • 2018: The company was awarded with ‘APAC Segment 3 Franchisee of the Year’ by Burger King Corporation.
  • 2018: The company was awarded with ‘Global Master Franchisee of the Year’ by Burger King Corporation.
  • 2019: The company was awarded with ‘APAC Operator of the Year’ by Burger King Corporation.

Major events:

  • 2015: Commenced operations at the first store at Select Citywalk Mall, Saket, New Delhi.
  • 2018: The first television commercial of the company aired on television.
  • 2018: Commenced operations at the 100th store at Jalandhar LPU, Punjab.
  • 2018: Entered into a partnership with Mumbai Indians.
  • 2019: Expansion to east zone by opening of store in Bhubaneshwar.
  • 2019: The company crossed revenue of Rs 6,000 million and became EBITDA positive.
  • 2020: Commenced operations at the 200th store at Chakala metro station, Mumbai.
  • 2020: Launched the first store in Kolkata.
  • 2020: Commenced operations at the 250th store at Iffco Chowk metro station, Gurgaon.
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