WallStSmart

Restaurant Brands International Inc (QSR)vsTH International Limited (THCH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Restaurant Brands International Inc generates 654% more annual revenue ($9.59B vs $1.27B). QSR leads profitability with a 10.0% profit margin vs -38.2%. QSR earns a higher WallStSmart Score of 68/100 (B-).

QSR

Strong Buy

68

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 6.7Quality: 3.0
Piotroski: 5/9Altman Z: 0.90

THCH

Avoid

25

out of 100

Grade: F

Growth: 4.0Profit: 2.0Value: 5.0Quality: 4.5
Piotroski: 3/9Altman Z: -4.43
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

QSRUndervalued (+25.1%)

Margin of Safety

+25.1%

Fair Value

$94.44

Current Price

$75.26

$19.18 discount

UndervaluedFair: $94.44Overvalued

Intrinsic value data unavailable for THCH.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

QSR3 strengths · Avg: 9.0/10
EPS GrowthGrowth
100.0%10/10

Earnings expanding 100.0% YoY

Return on EquityProfitability
25.5%9/10

Every $100 of equity generates 26 in profit

Operating MarginProfitability
25.9%8/10

Strong operational efficiency at 25.9%

THCH1 strengths · Avg: 10.0/10
Debt/EquityHealth
-1.4610/10

Conservative balance sheet, low leverage

Areas to Watch

QSR2 concerns · Avg: 1.5/10
Altman Z-ScoreHealth
0.902/10

Distress zone — elevated risk

Debt/EquityHealth
4.191/10

Elevated debt levels

THCH4 concerns · Avg: 3.0/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Market CapQuality
$60.55M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-973.0%2/10

ROE of -973.0% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : QSR

The strongest argument for QSR centers on EPS Growth, Return on Equity, Operating Margin. PEG of 1.26 suggests the stock is reasonably priced for its growth.

Bull Case : THCH

The strongest argument for THCH centers on Debt/Equity.

Bear Case : QSR

The primary concerns for QSR are Altman Z-Score, Debt/Equity. Debt-to-equity of 4.19 is elevated, increasing financial risk.

Bear Case : THCH

The primary concerns for THCH are EPS Growth, Market Cap, Piotroski F-Score.

Key Dynamics to Monitor

QSR profiles as a value stock while THCH is a turnaround play — different risk/reward profiles.

QSR carries more volatility with a beta of 0.53 — expect wider price swings.

QSR is growing revenue faster at 7.3% — sustainability is the question.

QSR generates stronger free cash flow (169M), providing more financial flexibility.

Bottom Line

QSR scores higher overall (68/100 vs 25/100). Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

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.

TH International Limited

CONSUMER CYCLICAL · RESTAURANTS · USA

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong and Macau. The company is headquartered in Shanghai, the People's Republic of China.

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