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Multiple Valuation: McDonald’s. Brian Gitschier Module 2. Snapshot. Quick Service Restaurant 34,480 restaurants in 119 countries 69 million customers daily Revenue: 27.6 Billion. Comparable Companies. Burger King Wendy’s Yum! Brands Taco Bell, KFC, Pizza Hut. Mul tiples.
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Multiple Valuation: McDonald’s Brian Gitschier Module 2
Snapshot • Quick Service Restaurant • 34,480 restaurants in 119 countries • 69 million customers daily • Revenue: 27.6 Billion
Comparable Companies • Burger King • Wendy’s • Yum! Brands • Taco Bell, KFC, Pizza Hut Multiples • NEA Multiple • EPAT Multiple • Sales Multiple • Equity Value / # of Restaurants
Buy or Sell? • Actual Price/Share: $93.61 • NEA: $75.72 – overvalued, sell • EPAT: $132.56 – undervalued, buy • Sales: $62.09 – overvalued, sell • Equity/Restaurants: $19.26 – overvalued, sell • Average: $72.41 – overvalued, sell