AllAnalyst Report
logoMorningstarJune 13, 2021

Restaurant Brands International Inc.: RBI Shares Fairly Valued as Canadian Pandemic Headwinds Persist; We Expect a Protracted Recovery

Symbols
QSR
Sector(s)
Consumer Cyclical
Rating
Current Price
$71.36
Fair Value
Economic Moat
Stewardship
Summary

Restaurant Brands International is one of the largest restaurant companies in the world, with $31 billion in 2020 systemwide sales across a footprint that spans more than 27,000 restaurants and 100 countries. The firm generates revenue primarily from retail sales at its company-owned restaurants, royalty fees and lease income from franchised stores, and from its Tim Horton’s supply chain operations. Formed in 2014 after 3G Capital’s acquisition of Tim Horton’s Int

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