Restaurant Brands International Limited Partnership (RSTRF)
Consumer Cyclical · PNK
Fundamentals
Valuation and ratings
Restaurant Brands International Limited Partnership trades at USD72.33, which is 67% below the USD120.51 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 55 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 23.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
RSTRF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD1.30 | 2 |
| 2025 | USD1.24 | 2 |
| 2024 | USD2.32 | 4 |
| 2023 | USD2.20 | 4 |
| 2022 | USD2.16 | 4 |
| 2021 | USD2.12 | 4 |
| 2020 | USD2.08 | 4 |
| 2019 | USD2.00 | 4 |
| 2018 | USD1.80 | 4 |
| 2017 | USD0.780 | 4 |
| 2016 | USD0.330 | 2 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Restaurant Brands International Limited Partnership
Restaurant Brands International Limited Partnership operates and franchises quick service restaurants in the United States and internationally. The company operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. Its restaurants offers coffee and other beverages, baked goods, and food products under the Tim Hortons brand name; hamburgers, chicken, and other specialty sandwiches under the Burger King brand name; fried bone-in chicken, chicken sandwiches, chicken tenders, wings, fried shrimp, and regional items under the Popeyes brand name; and sandwiches, subs piled with meats and cheese, chili, soups, and other sides under the Firehouse Sub brand name. Restaurant Brands International Inc. serves as the general partner of the company. The company was formerly known as New Red Canada Limited Partnership and changed its name to Restaurant Brands International Limited Partnership in December 2014. The company was founded in 1954 and is headquartered in Toronto, Canada. Restaurant Brands International Limited Partnership operates as a subsidiary of Restaurant Brands International Inc.
RSTRF passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Restaurant Brands International Limited Partnership (RSTRF) undervalued?
Against our discounted cash flow estimate of USD120.51, RSTRF at USD72.33 is 67% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is RSTRF's P/E ratio?
RSTRF trades at 23.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Restaurant Brands International Limited Partnership (RSTRF) pay a dividend?
Yes. Restaurant Brands International Limited Partnership yields 3.59% at the current share price. It has paid USD1.30 per share over the trailing twelve months. It has paid a dividend in each of the last 10 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.