WallStSmart

The Cheesecake Factory (CAKE)vsRestaurant Brands International Inc (QSR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Restaurant Brands International Inc generates 150% more annual revenue ($9.70B vs $3.88B). QSR leads profitability with a 13.1% profit margin vs 4.6%. QSR appears more attractively valued with a PEG of 0.88. QSR earns a higher WallStSmart Score of 70/100 (B).

CAKE

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 6.5Value: 5.3Quality: 4.0
Piotroski: 4/9Altman Z: 1.91

QSR

Strong Buy

70

out of 100

Grade: B

Growth: 7.3Profit: 8.0Value: 7.3Quality: 3.5
Piotroski: 5/9Altman Z: 0.90
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CAKEUndervalued (+0.5%)

Margin of Safety

+0.5%

Fair Value

$61.86

Current Price

$103.04

$41.18 discount

UndervaluedFair: $61.86Overvalued
QSRUndervalued (+25.0%)

Margin of Safety

+25.0%

Fair Value

$94.22

Current Price

$71.91

$22.31 discount

UndervaluedFair: $94.22Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CAKE2 strengths · Avg: 9.0/10
Return on EquityProfitability
35.9%10/10

Every $100 of equity generates 36 in profit

EPS GrowthGrowth
23.7%8/10

Earnings expanding 23.7% YoY

QSR4 strengths · Avg: 9.0/10
Return on EquityProfitability
33.1%10/10

Every $100 of equity generates 33 in profit

EPS GrowthGrowth
151.2%10/10

Earnings expanding 151.2% YoY

PEG RatioValuation
0.888/10

Growing faster than its price suggests

Operating MarginProfitability
27.7%8/10

Strong operational efficiency at 27.7%

Areas to Watch

CAKE4 concerns · Avg: 4.0/10
PEG RatioValuation
1.804/10

Expensive relative to growth rate

P/E RatioValuation
27.0x4/10

Moderate valuation

Price/BookValuation
9.9x4/10

Trading at 9.9x book value

Altman Z-ScoreHealth
1.914/10

Grey zone — moderate risk

QSR3 concerns · Avg: 2.3/10
Revenue GrowthGrowth
4.6%4/10

4.6% revenue growth

Altman Z-ScoreHealth
0.902/10

Distress zone — elevated risk

Debt/EquityHealth
4.071/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : CAKE

The strongest argument for CAKE centers on Return on Equity, EPS Growth.

Bull Case : QSR

The strongest argument for QSR centers on Return on Equity, EPS Growth, PEG Ratio. PEG of 0.88 suggests the stock is reasonably priced for its growth.

Bear Case : CAKE

The primary concerns for CAKE are PEG Ratio, P/E Ratio, Price/Book. Debt-to-equity of 4.01 is elevated, increasing financial risk. Thin 4.6% margins leave little buffer for downturns.

Bear Case : QSR

The primary concerns for QSR are Revenue Growth, Altman Z-Score, Debt/Equity. Debt-to-equity of 4.07 is elevated, increasing financial risk.

Key Dynamics to Monitor

CAKE carries more volatility with a beta of 1.01 — expect wider price swings.

CAKE is growing revenue faster at 7.7% — sustainability is the question.

QSR generates stronger free cash flow (479M), providing more financial flexibility.

Monitor RESTAURANTS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

QSR scores higher overall (70/100 vs 57/100). Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

The Cheesecake Factory

CONSUMER CYCLICAL · RESTAURANTS · USA

Cheesecake Factory Incorporated operates restaurants. The company is headquartered in Calabasas, California.

Restaurant Brands International Inc

CONSUMER CYCLICAL · RESTAURANTS · USA

Restaurant Brands International Inc. owns, operates and franchises quick-service restaurants under the Tim Hortons (TH), Burger King (BK) and Popeyes (PLK) brands. The company is headquartered in Toronto, Canada.

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