산업
Restaurants
Restaurants 산업의 모든 리포트 — 총 7건.
42/100
71Buffett
Restaurant Brands International: Burger King US Comps at 8.5%, Popeyes US at -5.2%, and No Margin of Safety at $81.57
Restaurant Brands International is the Canadian-domiciled franchisor behind Tim Hortons, Burger King, Popeyes and Firehouse Subs, with more than 95% of its 33,156-restaurant system franchised and most of its economics sitting in royalty and property income rather than restaurant sales. The Q2 2026 headline of 3.8% comparable sales conceals two opposite businesses: Burger King US comps ran 8.5% and International grew comps and units at roughly 5% each, while Popeyes US fell 5.2% and Tim Hortons Canada managed 0.1%. Rating Hold: the operating turn is real, but at $81.57 the stock trades at 20.8 times TTM adjusted EPS on 4.1 times net leverage, about 13% above the conservative fair-value midpoint, leaving no margin of safety.
51/100
28Buffett
Luckin Coffee Zen Horizon Analysis: China's Coffee Leader in the Middle of a Valuation Reset
China's largest freshly brewed coffee chain — consistently profitable with strong cash flow after its debt restructuring, but Q1 2026 same-store sales turned negative and delivery costs surged, putting margins to the test in a price war. At 32.59 USD the stock is a hold; the ideal entry sits below 20 USD, leaving thin margin of safety. Rating Hold: scale is still strong, but same-store sales and margins are now being tested by the price war.
43/100
78Buffett
Domino's Pizza Deep Value Investment Research
Domino's is the world's largest pizza franchise platform, with an approximately 99% asset-light franchised model, 2025 operating cash flow of $792 million, and free cash flow of about $670 million. The core thesis is that it remains a high-quality cash-generative compounder, but total debt of $4.817 billion, U.S. same-store sales growth of only 0.9% in 2026Q1, and a current price of $310.58 leave the shares near the lower end of a neutral value range with an insufficient margin of safety; the ideal entry point is $250 to $285. Report rating Watch: a good business worth waiting for, rather than a cheap stock with ample protection today.
44/100
78Buffett
Yum! Brands: A Deep Dive from a Long-Term Business Owner's Perspective
A global, franchise-led brand platform of roughly 63,000 restaurants (KFC/Taco Bell/Pizza Hut), with 97% of stores franchised. Conservative Owner Earnings of $1.75 billion map to a neutral value range of $140-160, and today's $154 sits near the upper edge of fair value. Rating: Watch, a good business at a price that is not restrained enough.
46/100
75Buffett
McDonald's: A Long-Term Owner's Perspective
McDonald's is a high-quality franchising and real-estate platform with resilient cash flow. At about $282, the stock trades around 23x trailing earnings and sits in the upper half of a reasonable value range, leaving limited margin of safety. Rating Watch: a durable compounder worth owning for the long term, but not an obvious heavy-buy opportunity today.
43/100
58Buffett
Chipotle Mexican Grill: A Long-Term Value Investment Analysis
The leading premium fast-casual Mexican chain in North America, with 2025 revenue of $11.93 billion across 4,042 company-operated stores; at the current price of $32.89, about 28x owner earnings, with comparable sales turning negative and margins retreating, the margin of safety is not evident.
40/100
70Buffett
Starbucks Corporation: A Long-Term Owner's Perspective
Global leader in premium mass-market coffee chains, closing FY2025 with 40,990 stores and TTM free cash flow of $2.73 billion; at 79.5x trailing PE the market is pricing in a successful Back to Starbucks turnaround, even as the shareholders' equity deficit runs to -$8.1 billion. Rating Watch: a good business at a price that leaves little margin of safety, with an ideal buy range of $65-80.