Market Pulse59Neutral

Restaurant Brands International Inc.Opportunity Rank #218(QSR) Intrinsic Value & DCF Analysis (2026)

Current Price

$79.14

Last updated: May 08, 2026

Price vs Intrinsic Value

$79.14
Price
$84.19
Intrinsic Value
Undervalued by 6%MOS: $67.35

Fundamental Score

61/100
Neutral

Weighted across 6 signals

Narrative Score

75/100
Strong

-3 vs previous

Trend Score

72/100
Strong

As of 2026-05-08

The intrinsic value of Restaurant Brands International Inc. (QSR) is estimated at $84.19 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $79.14, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 6.29% long-term growth rate and a 9.00% discount rate (calculated: 8.75%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Restaurant Brands International Inc. (QSR) is estimated at $84.19 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $79.14, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 6.29% long-term growth rate and a 9.00% discount rate (calculated: 8.75%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$84.19
▲ 6.38% upside
20% margin of safety: $67.35
Years: 10Growth Rate: 6.29%
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Capital Efficiency

Average Quarterly ROIC
1.76%
Cost of Capital (estimated)11%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

61/100
NeutralWeighted across 6 signals
DCF Discount
6.4% discount to price
61
FCF Yield
7.4% trailing FCF yield
100
ROIC vs WACC
ROIC 1.8% vs WACC 11.0% (0.2x)
8
Net Debt / FCF
0.5x net debt to FCF
90
Buybacks
Share count growing
30
FCF CAGR (5Y)
14.4% 5Y FCF CAGR
97
Strengths: FCF Yield, Net Debt / FCF. Concerns: ROIC vs WACC, Buybacks.

Narrative Details

75/100
Strong
-3 vs previous · +1 new driversVs 6-Month Baseline:High (94th pct)Weighted across 6 recent drivers
Trend: Improving upConfidence: 100%Updated: 19h ago
Sources: 67 (42 News · 25 Analyst)
Drivers(last 30 days)
31 news sentiment+1.9
6 regulatory scrutiny+0.5
4 earnings beat+0.0
2 analyst upgrades+0.0
Promotions/discounting+0.0
23 analyst reiterations0.0

Trend Details

72/100
StrongAs of 2026-05-08311 daily bars used
Distance from 52-Week High-2.4%
6M Relative Strength vs SPY+10.1%
21 EMA vs 50 EMA+3.1%
Price vs 21 EMA58 · +1.3%
Price vs 50 EMA70 · +4.4%
21 EMA vs 50 EMA73 · +3.1%
3M RS vs SPY72 · +5.6%
6M RS vs SPY75 · +10.1%
Distance from 52W High95 · -2.4%

Investment Coach

Updated 19h ago
BUYConfidence: 54%
Thesis
Restaurant Brands International Inc. (QSR) offers an 11.6% upside based on valuation with a strong and improving narrative score of 78, supported by constructive fundamentals. Despite trailing returns relative to its cost of capital, the company's free cash flow growth and yield remain robust.
Key Risk
The key risk is the sustained negative spread between ROIC and WACC, which could undermine value creation.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 6.29%5 Year CAGR: 2.11%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012
$2,033$1,979$1,704$1,443$1,590$1,832$1,038$1,538$1,251$1,419$1,303$1,320$290$351$295

How Intrinziq Estimates Fair Value

Intrinziq estimates Restaurant Brands International Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Restaurant Brands International Inc.Consumer Cyclical

Restaurant Brands International Inc. operates as quick service restaurant company in Canada and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and others. It is also involved in owning and franchising BK, a fast food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, french fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS restaurants quick service restaurants that offer subs, soft drinks, and local specialties. As of February 15, 2022, the company had approximately 29,000 restaurants in 100 countries under the Tim Hortons, Burger King, Popeyes, And Firehouse Subs brands. Restaurant Brands International Inc. was founded in 1954 and is headquartered in Toronto, Canada.