Added to YB: 2026-05-04
Pitch date: 2026-04-29
WEN [bullish]
The Wendy's Company
-1.25%
current return
Author Info
No bio for this author
Company Info
The Wendy's Company, together with its subsidiaries, engages in the operation, development, and franchising of a system of quick-service restaurants in the United States and internationally.
Market Cap
$1.3B
Pitch Price
$6.79
Price Target
N/A
Dividend
8.22%
EV/EBITDA
10.23
P/E
8.01
EV/Sales
2.36
Sector
Hotels, Restaurants and Leisure
Category
value
I’m With Wendy’s.
WEN: Trades 8x fwd EBITDA vs McDonald's 20x+ despite asset-light franchise model (4% royalty, franchisees bear ops risk). 15% FCF yield at $7/share, $205M FY25 FCF vs $1.36B mkt cap. 28% short float w/ Trian 16.3% stake pushing strategic review. Bad FY25 (-5.6% US comps, -11.3% Q4) fully priced; even 3% growth → $44 PT, 10yr terminal value → $20. Catalysts: permanent CEO, Project Fresh closures, comp stabilization, short squeeze. 97-yr brand w/ $14B systemwide sales valued at $1.4B equity absurd for fixable franchise royalty biz.
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