🍔$QSR Stock, Why Bill Ackman Bought It?

요약 보기

결론: 발언자는 QSR(레스토랑 브랜즈 인터내셔널)이 저평가돼 있어 향후 상승 가능성이 있다고 보지만, 아직 주식은 보유하지 않고 적절한 매수 시점을 기다리는 중이다. [종목 배경] - QSR은 버거킹, 파파이스, 팀홀튼을 보유한 외식 지주회사로, 빌 애크먼의 포트폴리오에서 두 번째로 큰 비중을 차지한다. - 2014년 버거킹 인수 후 RBI로 사명을 바꿨고, 2017년 파파이스를 인수한 뒤 현재 QSR로 재편됐다. [강점 주장] - 버거킹은 고객이 재료를 골라 맞춤형 버거를 만들 수 있다는 점이 차별점이다. - 파파이스는 치킨 윙 뼈 포함 등 독특한 메뉴로 충성 고객을 확보하고 있다. - 2019년 기준 동일매장매출 성장률은 버거킹 4%, 파파이스 5%, 팀홀튼 -1%다. [밸류에이션 및 배당] - PER은 약 25배로 맥도날드, 양 브랜즈, 스타벅스 등 경쟁사보다 낮다. - 배당수익률은 3.8%로 높지만 매출 불확실성으로 배당 삭감 가능성이 있어 현 시점 배당 투자 대상으로는 보지 않는다. - 주가는 약 54달러다. [상승 근거] - 외식은 필수 소비에 가까워, 경제 재개방 후 매출이 팬데믹 이전 수준을 회복할 수 있다. - 맥도날드는 회복했지만 QSR은 아직 회복하지 못해 주가 상승 여지가 있다고 본다. [하락 우려] - 업계가 파편화돼 있고 고객 전환 비용이 낮아 독점적 지위를 유지하기 어렵다. - 포장재 발암물질 관련 뉴스가 주가에 부담이 됐다. [출연자 전망 및 행동] - 개인 경험을 근거로 현재 주가가 저평가돼 있고 향후 오를 것으로 본다. - 즉시 매수하기보다 다른 투자 대안과 비교하며 좋은 진입 시점을 기다리겠다는 입장이다.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. what's up guys welcome back to my channel so today i would like to talk about another food slash first round stock which is restaurants brands international ticker symbol is qsr i noticed this stock because i look at the portfolio purchasing square the hedge fund of bill eggman i saw he has a lot of restaurant stock and the second largest position is in this qsr stock and the largest one is in low stock so i just uh dig into stock today and i want to share some of the research i did and both embarrass opinion about the stock so if you are also interested in restaurant brand stock please keep watching so the fun fact about this dog is that the company owns burger king popeyes and tim hortons and i found these companies very familiar because when i was in college i have been working in burger king for three months and just next to the burger king store there's a popeye store but at the time the company hadn't merged yet so what happens to qsr is that at first bill akbar has taken a large position in burger king and becomes a board of the company in 2014 the company has acquired key importance and then the company merged and the name has changed to rbi which stands for restaurant friends international and in 2017 the company rbi has acquired popeyes and then it's a forms to the new company qsr so currently qsr has owned both of the three brands burger king popeyes and tim hortons so if you buy this dog it's like you have bought a mini etf which has including three different restaurants so now let's move to the first full opinion of the company is its brand recognition as well as a product specialty so when i was working at burking i found that this product is special from other burger stores that you can customize your own burgers when i was working at the cashier there at the time some customers orders like the whopper with no pickles or the wafer with extra onions so they can add as many material as they want and to create their own burger and after working there for a while i'm pretty familiar with their manual as well as what ingredient is included in each of the burger as for the popeyes i think it provides unique products like the chicken waist bone inside because a lot of stores like mcdonald's they just offer the chicken tenders with no bombs so if you are a customer who prefers the chicken with phones your choices will be popeyes and kfc and because of these unique product features popeyes has a lot of loyal customers that will that really like their products and they want to like travel for a long time just to other order their food so according to the report in 2019 it claims that the same sore growth of burger king has increased four percent and uh for popeyes the sales increased five percent and tim hortons has decreased one percent and that leads to a relatively weaker position when comparing with its competitors like mcdonald's and young brands which owns kfc pizza hut and taco bell and that to lead to the second bull opinion which is the p e ratio is 25 currently which is on the lower side when comparing with these competitors like mcdonald's young brands or even starbucks and that's probably because there are others mainly take on either dying or drive through so in this pandemic when people tend to like eat at home their sales are definitely affected and also their stock price however because of the stock price drive their currently dividend yield is 3.8 percent which is on the higher end but because of the uncertainty of their sales growth and the potential risk it is possible that they would cut their dividend at any time so in the current phase i will not choose qsr as a dividend investment in the last bull opinion is that in this food slash restaurant industry is one of the necessity of human beings especially when people get back to work as the economy is free open so their sales probably goes back to the normal situation comparing with when comparing with the situation before the pandemic so that's why some investors think uh current price is relatively cheaper and it's probably time to buy and hold for a long time however there's also some bears opinion about a stock the first one is about his industry is fragmented there's no dominant player in this industry customer switch cost is very low like you want to eat burger king today and maybe you want to eat mcdonald's tomorrow and later on maybe you want to eat a canara and you can eat at home so that means in this industry the product is not a must to the customers it's just one of the options so that shows the company are hard to make the monopoly industry sustain a very fast growth and very large market share and because of nature of human being that people always want to know things rather than other things so if there's some new restaurants new brands it will become the challenge for the old companies and the second bear opinion is there's recently some news about the packaging the food that there's some material that may cause cancer in this packaging so these negative news also bring down the stock price a little bit so to sum up so qsr company has played a very special role in this industry with their brand recognition as well as their customer loyalty it has been achieved steady growth during the past several years but because the recent pandemic the stock price has decreased a lot but has not bounced back yet like what mcdonald has did so that means there's still some room for the stock price still going up and me personally because i have the experience working in working and and at the time i have had burger kings or popeyes for three months i'm pretty familiar with their manuals their products in my observation there's through some loyalty customers to the special products like to their whoppers and on earrings so i do believe the current stock price is undervalued and it will going up in the future so the current stock price is 54 i don't have owned any share yet but i would wait for appropriate opportunities like looking at other investment options and decide whether i want to invest this stock recently because there's three restaurant brands under this stock i would like to keep watching and compare with his competitors and trying to look for a good time in dubai that's all the both and bear opinion about qsr stock and some of my personal experience hope that would provide value to you and i will see you guys in my next one bye