Intrinsic value of Wendy's Co - WEN

Previous Close

$17.41

  Intrinsic Value

$37.63

stock screener

  Rating & Target

str. buy

+116%

Previous close

$17.41

 
Intrinsic value

$37.63

 
Up/down potential

+116%

 
Rating

str. buy

We calculate the intrinsic value of WEN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  28.30
  25.97
  23.87
  21.99
  20.29
  18.76
  17.38
  16.14
  15.03
  14.03
  13.12
  12.31
  11.58
  10.92
  10.33
  9.80
  9.32
  8.89
  8.50
  8.15
  7.83
  7.55
  7.29
  7.07
  6.86
  6.67
  6.51
  6.35
  6.22
  6.10
Revenue, $m
  1,570
  1,977
  2,449
  2,988
  3,594
  4,268
  5,010
  5,819
  6,693
  7,632
  8,634
  9,697
  10,820
  12,002
  13,242
  14,539
  15,893
  17,306
  18,776
  20,306
  21,897
  23,550
  25,267
  27,053
  28,908
  30,837
  32,843
  34,930
  37,103
  39,365
Variable operating expenses, $m
  769
  915
  1,084
  1,277
  1,494
  1,735
  2,001
  2,291
  2,604
  2,940
  3,093
  3,474
  3,876
  4,299
  4,743
  5,208
  5,693
  6,199
  6,726
  7,274
  7,844
  8,436
  9,051
  9,691
  10,355
  11,046
  11,765
  12,513
  13,291
  14,101
Fixed operating expenses, $m
  380
  389
  397
  406
  415
  424
  433
  443
  452
  462
  473
  483
  494
  504
  516
  527
  539
  550
  562
  575
  588
  600
  614
  627
  641
  655
  669
  684
  699
  715
Total operating expenses, $m
  1,149
  1,304
  1,481
  1,683
  1,909
  2,159
  2,434
  2,734
  3,056
  3,402
  3,566
  3,957
  4,370
  4,803
  5,259
  5,735
  6,232
  6,749
  7,288
  7,849
  8,432
  9,036
  9,665
  10,318
  10,996
  11,701
  12,434
  13,197
  13,990
  14,816
Operating income, $m
  421
  674
  968
  1,305
  1,685
  2,109
  2,576
  3,085
  3,637
  4,229
  5,069
  5,740
  6,450
  7,198
  7,983
  8,804
  9,662
  10,556
  11,488
  12,457
  13,465
  14,513
  15,603
  16,735
  17,912
  19,136
  20,409
  21,733
  23,113
  24,549
EBITDA, $m
  738
  1,020
  1,348
  1,722
  2,145
  2,616
  3,136
  3,702
  4,315
  4,974
  5,678
  6,424
  7,214
  8,045
  8,917
  9,829
  10,783
  11,777
  12,812
  13,890
  15,010
  16,174
  17,385
  18,643
  19,951
  21,311
  22,725
  24,197
  25,730
  27,326
Interest expense (income), $m
  118
  149
  203
  266
  339
  423
  517
  622
  737
  863
  998
  1,144
  1,300
  1,465
  1,639
  1,823
  2,015
  2,217
  2,427
  2,647
  2,875
  3,113
  3,360
  3,617
  3,883
  4,161
  4,449
  4,748
  5,060
  5,384
  5,722
Earnings before tax, $m
  272
  471
  702
  966
  1,262
  1,592
  1,954
  2,348
  2,774
  3,231
  3,924
  4,440
  4,985
  5,559
  6,160
  6,788
  7,445
  8,129
  8,841
  9,582
  10,353
  11,154
  11,986
  12,851
  13,751
  14,687
  15,660
  16,674
  17,729
  18,828
Tax expense, $m
  73
  127
  190
  261
  341
  430
  528
  634
  749
  872
  1,060
  1,199
  1,346
  1,501
  1,663
  1,833
  2,010
  2,195
  2,387
  2,587
  2,795
  3,011
  3,236
  3,470
  3,713
  3,965
  4,228
  4,502
  4,787
  5,083
Net income, $m
  199
  344
  513
  705
  922
  1,162
  1,426
  1,714
  2,025
  2,359
  2,865
  3,242
  3,639
  4,058
  4,497
  4,956
  5,435
  5,934
  6,454
  6,995
  7,557
  8,142
  8,750
  9,382
  10,038
  10,721
  11,432
  12,172
  12,942
  13,744

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  5,250
  6,613
  8,192
  9,993
  12,020
  14,275
  16,756
  19,461
  22,386
  25,526
  28,876
  32,431
  36,187
  40,140
  44,286
  48,625
  53,156
  57,879
  62,797
  67,913
  73,233
  78,761
  84,507
  90,477
  96,682
  103,134
  109,843
  116,824
  124,089
  131,656
Adjusted assets (=assets-cash), $m
  5,250
  6,613
  8,192
  9,993
  12,020
  14,275
  16,756
  19,461
  22,386
  25,526
  28,876
  32,431
  36,187
  40,140
  44,286
  48,625
  53,156
  57,879
  62,797
  67,913
  73,233
  78,761
  84,507
  90,477
  96,682
  103,134
  109,843
  116,824
  124,089
  131,656
Revenue / Adjusted assets
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
  0.299
Average production assets, $m
  2,901
  3,654
  4,526
  5,521
  6,642
  7,887
  9,258
  10,753
  12,369
  14,104
  15,956
  17,920
  19,995
  22,179
  24,470
  26,868
  29,371
  31,981
  34,699
  37,526
  40,465
  43,520
  46,694
  49,993
  53,422
  56,987
  60,694
  64,551
  68,566
  72,747
Working capital, $m
  5
  6
  7
  9
  11
  13
  15
  17
  20
  23
  26
  29
  32
  36
  40
  44
  48
  52
  56
  61
  66
  71
  76
  81
  87
  93
  99
  105
  111
  118
Total debt, $m
  3,752
  4,925
  6,283
  7,831
  9,575
  11,514
  13,648
  15,974
  18,490
  21,190
  24,071
  27,129
  30,359
  33,758
  37,324
  41,055
  44,951
  49,014
  53,243
  57,643
  62,218
  66,973
  71,913
  77,048
  82,385
  87,933
  93,703
  99,706
  105,955
  112,462
Total liabilities, $m
  4,515
  5,687
  7,045
  8,594
  10,337
  12,276
  14,410
  16,736
  19,252
  21,952
  24,833
  27,891
  31,121
  34,520
  38,086
  41,817
  45,714
  49,776
  54,005
  58,405
  62,980
  67,735
  72,676
  77,810
  83,147
  88,695
  94,465
  100,468
  106,717
  113,224
Total equity, $m
  735
  926
  1,147
  1,399
  1,683
  1,998
  2,346
  2,725
  3,134
  3,574
  4,043
  4,540
  5,066
  5,620
  6,200
  6,807
  7,442
  8,103
  8,792
  9,508
  10,253
  11,027
  11,831
  12,667
  13,536
  14,439
  15,378
  16,355
  17,372
  18,432
Total liabilities and equity, $m
  5,250
  6,613
  8,192
  9,993
  12,020
  14,274
  16,756
  19,461
  22,386
  25,526
  28,876
  32,431
  36,187
  40,140
  44,286
  48,624
  53,156
  57,879
  62,797
  67,913
  73,233
  78,762
  84,507
  90,477
  96,683
  103,134
  109,843
  116,823
  124,089
  131,656
Debt-to-equity ratio
  5.110
  5.320
  5.480
  5.600
  5.690
  5.760
  5.820
  5.860
  5.900
  5.930
  5.950
  5.970
  5.990
  6.010
  6.020
  6.030
  6.040
  6.050
  6.060
  6.060
  6.070
  6.070
  6.080
  6.080
  6.090
  6.090
  6.090
  6.100
  6.100
  6.100
Adjusted equity ratio
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140
  0.140

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  199
  344
  513
  705
  922
  1,162
  1,426
  1,714
  2,025
  2,359
  2,865
  3,242
  3,639
  4,058
  4,497
  4,956
  5,435
  5,934
  6,454
  6,995
  7,557
  8,142
  8,750
  9,382
  10,038
  10,721
  11,432
  12,172
  12,942
  13,744
Depreciation, amort., depletion, $m
  317
  346
  379
  417
  460
  508
  560
  617
  679
  745
  609
  684
  763
  847
  934
  1,025
  1,121
  1,221
  1,324
  1,432
  1,544
  1,661
  1,782
  1,908
  2,039
  2,175
  2,317
  2,464
  2,617
  2,777
Funds from operations, $m
  516
  690
  892
  1,122
  1,382
  1,670
  1,986
  2,331
  2,704
  3,103
  3,474
  3,926
  4,403
  4,904
  5,431
  5,981
  6,556
  7,155
  7,778
  8,427
  9,102
  9,803
  10,532
  11,290
  12,077
  12,897
  13,749
  14,635
  15,559
  16,521
Change in working capital, $m
  1
  1
  1
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
Cash from operations, $m
  515
  689
  891
  1,121
  1,380
  1,668
  1,984
  2,329
  2,701
  3,101
  3,471
  3,922
  4,399
  4,901
  5,427
  5,977
  6,552
  7,150
  7,774
  8,423
  9,097
  9,798
  10,527
  11,284
  12,072
  12,891
  13,743
  14,629
  15,552
  16,514
Maintenance CAPEX, $m
  -86
  -111
  -139
  -173
  -211
  -253
  -301
  -353
  -410
  -472
  -538
  -609
  -684
  -763
  -847
  -934
  -1,025
  -1,121
  -1,221
  -1,324
  -1,432
  -1,544
  -1,661
  -1,782
  -1,908
  -2,039
  -2,175
  -2,317
  -2,464
  -2,617
New CAPEX, $m
  -641
  -753
  -872
  -995
  -1,120
  -1,246
  -1,371
  -1,495
  -1,616
  -1,735
  -1,851
  -1,964
  -2,075
  -2,184
  -2,291
  -2,397
  -2,503
  -2,610
  -2,717
  -2,827
  -2,939
  -3,055
  -3,175
  -3,299
  -3,429
  -3,565
  -3,707
  -3,857
  -4,015
  -4,181
Cash from investing activities, $m
  -727
  -864
  -1,011
  -1,168
  -1,331
  -1,499
  -1,672
  -1,848
  -2,026
  -2,207
  -2,389
  -2,573
  -2,759
  -2,947
  -3,138
  -3,331
  -3,528
  -3,731
  -3,938
  -4,151
  -4,371
  -4,599
  -4,836
  -5,081
  -5,337
  -5,604
  -5,882
  -6,174
  -6,479
  -6,798
Free cash flow, $m
  -212
  -175
  -121
  -47
  49
  168
  312
  481
  674
  893
  1,081
  1,349
  1,640
  1,954
  2,289
  2,646
  3,023
  3,420
  3,836
  4,271
  4,726
  5,199
  5,691
  6,203
  6,735
  7,287
  7,860
  8,456
  9,074
  9,716
Issuance/(repayment) of debt, $m
  998
  1,172
  1,358
  1,549
  1,743
  1,939
  2,134
  2,326
  2,515
  2,700
  2,881
  3,057
  3,230
  3,399
  3,566
  3,731
  3,896
  4,062
  4,230
  4,400
  4,575
  4,755
  4,941
  5,135
  5,337
  5,548
  5,770
  6,003
  6,249
  6,507
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  998
  1,172
  1,358
  1,549
  1,743
  1,939
  2,134
  2,326
  2,515
  2,700
  2,881
  3,057
  3,230
  3,399
  3,566
  3,731
  3,896
  4,062
  4,230
  4,400
  4,575
  4,755
  4,941
  5,135
  5,337
  5,548
  5,770
  6,003
  6,249
  6,507
Total cash flow (excl. dividends), $m
  786
  997
  1,236
  1,502
  1,792
  2,107
  2,446
  2,807
  3,190
  3,594
  3,962
  4,406
  4,870
  5,353
  5,855
  6,377
  6,919
  7,482
  8,065
  8,671
  9,300
  9,954
  10,632
  11,338
  12,072
  12,835
  13,630
  14,459
  15,322
  16,223
Retained Cash Flow (-), $m
  -162
  -191
  -221
  -252
  -284
  -316
  -347
  -379
  -409
  -440
  -469
  -498
  -526
  -553
  -581
  -607
  -634
  -661
  -689
  -716
  -745
  -774
  -804
  -836
  -869
  -903
  -939
  -977
  -1,017
  -1,059
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  624
  806
  1,015
  1,250
  1,508
  1,792
  2,098
  2,428
  2,780
  3,154
  3,493
  3,909
  4,344
  4,799
  5,275
  5,770
  6,285
  6,820
  7,377
  7,955
  8,556
  9,180
  9,828
  10,502
  11,203
  11,932
  12,691
  13,481
  14,305
  15,164
Discount rate, %
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.84
  17.69
  18.57
  19.50
  20.47
  21.50
  22.57
  23.70
  24.88
  26.13
  27.44
  28.81
  30.25
  31.76
  33.35
  35.02
  36.77
  38.60
  40.53
  42.56
  44.69
  46.92
PV of cash for distribution, $m
  560
  643
  712
  761
  788
  793
  776
  739
  685
  619
  536
  461
  386
  314
  249
  192
  144
  105
  74
  50
  33
  21
  13
  8
  4
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

The Wendy's Company is the parent company of subsidiary holding company Wendy's Restaurants, LLC (Wendy's Restaurants). Wendy's Restaurants is the parent company of Wendy's International, LLC (Wendy's), which is the owner and franchisor of the Wendy's restaurant system in the United States. Wendy's is a restaurant company specializing in the hamburger sandwich segment. Wendy's is engaged in the business of operating, developing and franchising a system of restaurants serving food. The Company operated approximately 6,080 Wendy's restaurants in operation in North America, as of January 1, 2017. Of these restaurants, 330 were operated by the Company and 5,768 by a total of 376 franchisees, as of January 1, 2017. In addition, as of January 1, 2017, there were 439 franchised Wendy's restaurants in operation in 29 countries and territories other than North America. Wendy's is also a partner in a restaurant real estate joint venture with a subsidiary of Restaurant Brands International Inc.

FINANCIAL RATIOS  of  Wendy's Co (WEN)

Valuation Ratios
P/E Ratio 33
Price to Sales 3
Price to Book 8.1
Price to Tangible Book
Price to Cash Flow 23.7
Price to Free Cash Flow 138.5
Growth Rates
Sales Growth Rate -23.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -40.5%
Cap. Spend. - 3 Yr. Gr. Rate -7.7%
Financial Strength
Quick Ratio 8
Current Ratio 0.6
LT Debt to Equity 471%
Total Debt to Equity 475.8%
Interest Coverage 3
Management Effectiveness
Return On Assets 5.1%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 4.2%
Ret/ On T. Cap. - 3 Yr. Avg. 4.3%
Return On Equity 20.3%
Return On Equity - 3 Yr. Avg. 13.3%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 48.2%
Gross Margin - 3 Yr. Avg. 39%
EBITDA Margin 30.9%
EBITDA Margin - 3 Yr. Avg. 25.5%
Operating Margin 21.9%
Oper. Margin - 3 Yr. Avg. 16.1%
Pre-Tax Margin 14.1%
Pre-Tax Margin - 3 Yr. Avg. 12.1%
Net Profit Margin 9.1%
Net Profit Margin - 3 Yr. Avg. 7.9%
Effective Tax Rate 35.6%
Eff/ Tax Rate - 3 Yr. Avg. 38.6%
Payout Ratio 49.2%

WEN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WEN stock intrinsic value calculation we used $1223.408 million for the last fiscal year's total revenue generated by Wendy's Co. The default revenue input number comes from 0001 income statement of Wendy's Co. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WEN stock valuation model: a) initial revenue growth rate of 28.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 11.4%, whose default value for WEN is calculated based on our internal credit rating of Wendy's Co, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Wendy's Co.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WEN stock the variable cost ratio is equal to 52.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $372 million in the base year in the intrinsic value calculation for WEN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Wendy's Co.

Corporate tax rate of 27% is the nominal tax rate for Wendy's Co. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WEN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WEN are equal to 184.8%.

Life of production assets of 26.2 years is the average useful life of capital assets used in Wendy's Co operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WEN is equal to 0.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $573.203 million for Wendy's Co - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 257.028 million for Wendy's Co is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Wendy's Co at the current share price and the inputted number of shares is $4.5 billion.

RELATED COMPANIES Price Int.Val. Rating
JACK Jack in the Bo 84.00 8.89  str.sell
MCD McDonald's 158.14 14.99  str.sell
TAST Carrols Restau 14.50 13.57  hold
GTIM Good Times Res 4.85 0.31  str.sell
YUM Yum! Brands 87.69 1.50  str.sell
SHAK Shake Shack Cl 56.51 54.73  hold
HABT Habit Restaura 15.95 16.00  hold
SONC Sonic 36.93 2.79  str.sell
DNKN Dunkin' Br 73.14 26.50  str.sell

COMPANY NEWS

▶ The Only Winner in the Latest Burger War Is You   [Sep-13-18 10:00AM  Motley Fool]
▶ Wendy's Serves Free Dave's Singles All Month Long   [Sep-10-18 01:29PM  PR Newswire]
▶ Future of Fast Food: Wendy's CEO Dishes   [Sep-04-18 08:45PM  TheStreet.com]
▶ Tim Hortons, Baja Fresh, and Investing in Junk Food   [Aug-23-18 02:41PM  Motley Fool]
▶ Arbys plans 100 restaurants in South Korea   [Aug-22-18 11:09AM  American City Business Journals]
▶ 15 Cybersecurity Stocks to Watch As the Industry Heats Up   [Aug-21-18 03:39PM  InvestorPlace]
▶ [$$] Wendys Exits Stake in Arbys Parent   [Aug-16-18 07:39PM  The Wall Street Journal]
▶ [$$] Wendy's Exits Stake in Arby's Parent   [11:13AM  The Wall Street Journal]
▶ There's the beef: Wendy's profits on Arby's success   [10:41AM  American City Business Journals]
▶ 3 Top Stocks Under $20   [Aug-13-18 02:14PM  Motley Fool]
▶ Wendy's expanding delivery, open to acquisitions   [Aug-08-18 11:39AM  American City Business Journals]
▶ Wendy's Company to Host Earnings Call   [07:00AM  ACCESSWIRE]
▶ Wendy's: 2Q Earnings Snapshot   [04:34PM  Associated Press]
▶ Wendy's on target to meet 2018 guidance   [04:15PM  CNBC Videos]
▶ Futures Rally Up On Tuesday   [10:19AM  Zacks]
▶ 3 Restaurant Stocks to Sink Your Teeth Into   [Aug-01-18 04:34PM  TheStreet.com]
▶ Former P&G executive hired as CEO of Sara Lee Frozen Bakery   [11:23AM  American City Business Journals]
▶ An Options Strategy for Papa John's   [Jul-26-18 06:45AM  Zacks]
▶ [$$] Papa Johns Founder Recently Held Merger Talks With Wendys   [Jul-18-18 08:00PM  The Wall Street Journal]
▶ Edible Arrangements plucks Tropical Smoothie CEO   [Jul-10-18 11:33AM  American City Business Journals]
▶ Wendy's Twitter Feed Is Cooking Up Creative Genius   [Jul-06-18 02:21PM  TheStreet.com]
▶ This Is Americas Favorite Fast Food Restaurant   [Jul-05-18 01:25PM  Fortune]
▶ 3 Restaurant Stocks to Consider Buying Right Now   [Jul-02-18 10:28AM  InvestorPlace]
▶ At US$017.67, Is The Wendys Company (NASDAQ:WEN) A Buy?   [Jun-21-18 02:57PM  Simply Wall St.]
▶ Tigerwatch US Open   [Jun-14-18 04:41PM  Yahoo Finance Video]
▶ Subway Rolling Back Breakfast Offerings   [04:30PM  TheStreet.com]
▶ McDonald's Plans More Corporate Job Cuts Amid Tech Push: Report   [Jun-07-18 04:11PM  Investor's Business Daily]
▶ Calorie count explodes with Jimmy John's new sandwich   [01:47PM  Yahoo Finance Video]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.