Added to YB: 2024-08-27
Pitch date: 2024-08-25
RBD.NZ [bullish]
Restaurant Brands New Zealand Limited
+74.24%
current return
Author Info
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Company Info
Restaurant Brands New Zealand Limited, together with its subsidiaries, operates quick service and takeaway restaurants in New Zealand, Australia, California, Hawaii, Saipan, and Guam.
Market Cap
NZD 380.5M
Pitch Price
NZD 2.86
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.32
P/E
23.40
EV/Sales
0.96
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Inflection Underway Unnoticed by Market at Restaurant Brands New Zealand
RBD.NZ: QSR operator (KFC, Pizza Hut, Taco Bell, Carl's Jr) in NZ, AU, HI, CA. 8x adj 2H23 P/E. Inflection near: NZ SSS improving, costs bottoming, pricing power emerging. Risks: CA expansion, weak mgmt incentives. Catalyst: Q results validating inflection. Long 10% @ A$2.95.
Read full article (2 min)