Restaurant brands international: a valuation report

Abstract

After Burger King’s acquisition of Tim Hortons and the merging of both into Restaurant Brands International, the quick service restaurants conglomerate is expected to achieve synergies and improve their business model over the next few years. In the following valuation report, Restaurant Brands International’s financial statements will be analyzed by the means of a value oriented approach. At the same time, valuable insight on the analyst’s duty will be offered and many of the main problems that a valuation process might offer will also be presented. The ultimate purpose of this report will be to present a reliable valuation for Restaurant Brands International’s shares, establishing whether if they are overvalued, fairly valued or undervalued, while also explaining the thorough process of analysis for the investor to be aware of how the report has been constructed.