Added to YB: 2024-08-27
Pitch date: 2024-08-19
RBD.NZ [bullish]
Restaurant Brands New Zealand Limited
+68.66%
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 2.95
Price Target
6.75 (+36%)
Dividend
N/A
EV/EBITDA
7.32
P/E
23.40
EV/Sales
0.96
Sector
Hotels, Restaurants and Leisure
Category
growth
Restaurant Brands New Zealand Limited (NZX: RBD)
RBD.NZ: KFC franchisee at 8.1x 2H23 adj. earnings. NZ sales +15% Q1, food costs deflating. Margins set to normalize, 40% FY26 earnings upside. 140% upside to $6.75 PT (15x FY26 NPAT). Risks: debt, consumer weakness, CA wage law, Popeyes entry. Catalysts: 1H24 results, guidance resumption. 7:1 upside/downside skew.
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