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Recipe Unlimited

DB:305
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
305
DB
CA$1B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Recipe Unlimited Corporation operates as a full-service restaurant company. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Recipe Unlimited has significant price volatility in the past 3 months.
305 Share Price and Events
7 Day Returns
-3%
DB:305
-3.4%
DE Hospitality
1%
DE Market
1 Year Returns
-20.8%
DB:305
-3.3%
DE Hospitality
16.4%
DE Market
305 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Recipe Unlimited (305) -3% -15.2% -24.4% -20.8% -30.2% -
DE Hospitality -3.4% -3.3% 15.5% -3.3% -10.9% -10.5%
DE Market 1% -0.4% 6.5% 16.4% 9.3% 21.7%
1 Year Return vs Industry and Market
  • 305 underperformed the Hospitality industry which returned -3.3% over the past year.
  • 305 underperformed the Market in Germany which returned 16.4% over the past year.
Price Volatility
305
Industry
5yr Volatility vs Market

Value

 Is Recipe Unlimited undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Recipe Unlimited to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Recipe Unlimited.

DB:305 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:305
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.914 (1 + (1- 26.5%) (125.26%))
1.506
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.506 * 5.44%)
7.8%

Discounted Cash Flow Calculation for DB:305 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Recipe Unlimited is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:305 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.8%)
2020 122.00 Analyst x1 113.17
2021 121.73 Est @ -0.22% 104.75
2022 121.40 Est @ -0.27% 96.90
2023 121.02 Est @ -0.31% 89.61
2024 120.62 Est @ -0.33% 82.85
2025 120.20 Est @ -0.35% 76.58
2026 119.77 Est @ -0.36% 70.78
2027 119.32 Est @ -0.37% 65.42
2028 118.87 Est @ -0.38% 60.45
2029 118.42 Est @ -0.38% 55.87
Present value of next 10 years cash flows CA$816.00
DB:305 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$118.42 × (1 + -0.39%) ÷ (7.8% – -0.39%)
CA$1,439.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,439.87 ÷ (1 + 7.8%)10
CA$679.27
DB:305 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$816.00 + CA$679.27
CA$1,495.27
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,495.27 / 56.36
CA$26.53
DB:305 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:305 represents 0.66615x of TSX:RECP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66615x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 26.53 x 0.66615
€17.67
Value per share (EUR) From above. €17.67
Current discount Discount to share price of €12.80
= -1 x (€12.80 - €17.67) / €17.67
27.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Recipe Unlimited is available for.
Intrinsic value
28%
Share price is €12.8 vs Future cash flow value of €17.67
Current Discount Checks
For Recipe Unlimited to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Recipe Unlimited's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Recipe Unlimited's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Recipe Unlimited's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Recipe Unlimited's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:305 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-29) in CAD CA$0.90
TSX:RECP Share Price ** TSX (2019-12-10) in CAD CA$19.22
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 30.59x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Recipe Unlimited.

DB:305 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:RECP Share Price ÷ EPS (both in CAD)

= 19.22 ÷ 0.90

21.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recipe Unlimited is good value based on earnings compared to the DE Hospitality industry average.
  • Recipe Unlimited is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Recipe Unlimited's expected growth come at a high price?
Raw Data
DB:305 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
15.3%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 0.63x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:305 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.38x ÷ 15.3%

1.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recipe Unlimited is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Recipe Unlimited's assets?
Raw Data
DB:305 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-29) in CAD CA$6.35
TSX:RECP Share Price * TSX (2019-12-10) in CAD CA$19.22
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.49x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
DB:305 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:RECP Share Price ÷ Book Value per Share (both in CAD)

= 19.22 ÷ 6.35

3.02x

* Primary Listing of Recipe Unlimited.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recipe Unlimited is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Recipe Unlimited's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Recipe Unlimited has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Recipe Unlimited expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Recipe Unlimited expected to grow at an attractive rate?
  • Recipe Unlimited's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Recipe Unlimited's earnings growth is expected to exceed the Germany market average.
  • Recipe Unlimited's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:305 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:305 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 15.3%
DB:305 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.7%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 25.8%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:305 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:305 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,266 208 71 3
2019-12-31 1,257 207 68 3
2019-12-10
DB:305 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-29 1,254 221 55
2019-06-30 1,255 231 72
2019-03-31 1,252 212 75
2018-12-30 1,192 197 74
2018-09-30 1,098 170 92
2018-07-01 993 161 90
2018-04-01 878 151 87
2017-12-31 833 180 110
2017-09-24 774 155 102
2017-06-25 683 151 96
2017-03-26 578 149 97
2016-12-25 463 120 67

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Recipe Unlimited's earnings are expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).
  • Recipe Unlimited's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:305 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Recipe Unlimited Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:305 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2019-12-10
DB:305 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-29 0.90
2019-06-30 1.16
2019-03-31 1.20
2018-12-30 1.20
2018-09-30 1.51
2018-07-01 1.49
2018-04-01 1.47
2017-12-31 1.84
2017-09-24 1.71
2017-06-25 1.66
2017-03-26 1.76
2016-12-25 1.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Recipe Unlimited will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Recipe Unlimited's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Recipe Unlimited has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Recipe Unlimited performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Recipe Unlimited's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Recipe Unlimited's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Recipe Unlimited's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Recipe Unlimited's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Recipe Unlimited's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Recipe Unlimited Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:305 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-29 1,253.68 55.18 665.61
2019-06-30 1,254.78 71.69 650.83
2019-03-31 1,252.43 74.56 662.02
2018-12-30 1,191.93 73.79 624.94
2018-09-30 1,097.62 92.14 557.26
2018-07-01 993.48 89.50 501.34
2018-04-01 878.34 87.44 423.42
2017-12-31 832.74 109.73 392.71
2017-09-24 774.40 102.19 366.48
2017-06-25 683.01 96.01 322.72
2017-03-26 577.61 96.71 269.58
2016-12-25 463.27 67.22 217.25
2016-09-25 369.94 105.87 184.60
2016-06-26 339.09 110.16 174.50
2016-03-27 330.97 107.59 172.55
2015-12-27 320.74 99.40 168.35
2015-09-27 309.04 36.45 171.88
2015-06-28 297.63 19.47 169.51
2015-03-29 286.12 8.33 166.25
2014-12-30 276.83 5.52 162.90
2013-12-31 269.14 -41.91 172.87
2013-01-01 350.43 -19.96 233.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Recipe Unlimited has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Recipe Unlimited used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Recipe Unlimited's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Recipe Unlimited's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Recipe Unlimited has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Recipe Unlimited's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Recipe Unlimited's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Recipe Unlimited's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Recipe Unlimited's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Recipe Unlimited's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Recipe Unlimited Company Filings, last reported 2 months ago.

DB:305 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-29 358.03 574.64 33.92
2019-06-30 495.42 451.43 42.71
2019-03-31 495.33 445.76 41.25
2018-12-30 485.81 446.57 49.27
2018-09-30 495.19 524.15 35.71
2018-07-01 481.31 528.19 44.08
2018-04-01 467.43 547.04 47.42
2017-12-31 607.42 377.12 41.97
2017-09-24 591.46 393.96 11.84
2017-06-25 604.00 375.02 15.44
2017-03-26 592.49 357.60 13.88
2016-12-25 553.94 389.45 26.76
2016-09-25 538.33 303.43 11.10
2016-06-26 249.74 46.59 4.11
2016-03-27 235.34 52.56 3.03
2015-12-27 224.71 64.52 19.41
2015-09-27 165.02 54.83 3.18
2015-06-28 148.25 66.19 2.63
2015-03-29 -233.52 440.38 0.71
2014-12-30 -238.04 413.91 3.81
2013-12-31 -252.35 423.36 1.58
2013-01-01 -218.03 338.38 1.56
  • Recipe Unlimited's level of debt (160.5%) compared to net worth is high (greater than 40%).
  • Recipe Unlimited had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (38.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.4x coverage).
X
Financial health checks
We assess Recipe Unlimited's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Recipe Unlimited has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Recipe Unlimited's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.33%
Current annual income from Recipe Unlimited dividends. Estimated to be 2.39% next year.
If you bought €2,000 of Recipe Unlimited shares you are expected to receive €47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Recipe Unlimited's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.37%).
  • Recipe Unlimited's dividend is below the markets top 25% of dividend payers in Germany (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:305 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:305 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.47 1.00
2019-12-31 0.45 1.00
2019-12-10
DB:305 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-11-12 0.448 2.242
2019-08-08 0.448 1.814
2019-03-07 0.433 1.619
2018-11-09 0.427 1.615
2018-08-09 0.427 1.522
2018-05-10 0.427 1.548
2018-03-12 0.427 1.533
2017-11-03 0.407 1.625
2017-08-01 0.407 1.730
2017-05-04 0.407 1.688
2017-03-02 0.407 1.545
2016-11-10 0.407 1.595
2016-08-04 0.407 1.420
2016-05-05 0.407 1.385
2016-03-03 0.295 1.014
2015-11-12 0.407 1.470
2015-08-11 0.367 1.078

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Recipe Unlimited has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Recipe Unlimited only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Recipe Unlimited's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Recipe Unlimited's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Recipe Unlimited afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Recipe Unlimited has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Recipe Unlimited's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frank Hennessey
COMPENSATION CA$4,644,523
AGE 55
TENURE AS CEO 1.6 years
CEO Bio

Mr. Frank Hennessey has been Chief Executive Officer of Cara Operations Ltd since May 10, 2018. Mr. Hennessey served as the Chief Executive Officer and President of Imvescor Restaurant Group Inc. since September 08, 2014. Mr. Hennessey served as Vice-President of Purchasing at Cara Operations Limited. Mr. Hennessey is a restaurant professional with over 31 years of experience in both franchise and corporate environments in both Canada and the United States. Until Cara's recent sale, he served as the President and Chief Executive Officer of Bento Sushi from February 2011 to June 2014, with over 400 sushi bars in both Canada and the United States. He spent 11 years at Cara Operations Limited in different roles, including President of Harvey's Restaurants and Senior Vice-President of Guest Experience, where he worked for 11 years at Darden Restaurants. Mr. Hennessey has a wide range of experience with restaurant operations, product development, food manufacturing, retailing to grocery chains, marketing and supply chain management. He has been a Non-Independent Director of Imvescor Restaurant Group Inc. since September 08, 2014. Mr. Hennessey holds an undergraduate degree from Western University and a Master of Business Administration from the Rotman School of Management at the University of Toronto.

CEO Compensation
  • Insufficient data for Frank to compare compensation growth.
  • Frank's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Recipe Unlimited management team in years:

3.8
Average Tenure
57
Average Age
  • The tenure for the Recipe Unlimited management team is about average.
Management Team

Bill Gregson

TITLE
Executive Chairman of the Board
COMPENSATION
CA$4M
AGE
60

Frank Hennessey

TITLE
Chief Executive Officer
COMPENSATION
CA$5M
AGE
55
TENURE
1.6 yrs

Ken Grondin

TITLE
Chief Financial Officer
COMPENSATION
CA$3M
AGE
56
TENURE
6.2 yrs

Pierre Rivard

TITLE
President of Groupe St-Hubert
COMPENSATION
CA$652K
TENURE
3.3 yrs

Dave Lantz

TITLE
VP, General Counsel & Secretary

Julie Denton

TITLE
Chief People Officer
TENURE
0.9 yrs

Douglas Moffat

TITLE
Executive VP

Grant Cobb

TITLE
Senior Vice President of Casual Dining Division
COMPENSATION
CA$459K
AGE
58
TENURE
11.3 yrs

Steve Pelton

TITLE
Senior Vice President of Landing & Bier Markt
COMPENSATION
CA$283K
TENURE
4.4 yrs

Wayne Holm

TITLE
President of Milestones Restaurants Inc
Board of Directors Tenure

Average tenure and age of the Recipe Unlimited board of directors in years:

4.7
Average Tenure
60
Average Age
  • The tenure for the Recipe Unlimited board of directors is about average.
Board of Directors

David Aisenstat

TITLE
Vice Chairman
COMPENSATION
CA$16M

Bill Gregson

TITLE
Executive Chairman of the Board
COMPENSATION
CA$4M
AGE
60
TENURE
4.7 yrs

Paul Jeffery

TITLE
Chairman Emeritus of Kelsey’s International Inc

John Rothschild

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
69
TENURE
6.2 yrs

Steve Gunn

TITLE
Independent Director
COMPENSATION
CA$95K
AGE
64
TENURE
6.8 yrs

Michael Norris

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
66
TENURE
7.9 yrs

Chris Hodgson

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
57
TENURE
4.7 yrs

Sean Regan

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
55
TENURE
4.7 yrs

Christy Clark

TITLE
Independent Director
COMPENSATION
CA$54K
AGE
53
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Sep 19 Sell William Gregson Individual 05. Sep 19 05. Sep 19 -1,093,444 €16.41 €-17,945,984
X
Management checks
We assess Recipe Unlimited's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Recipe Unlimited has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Recipe Unlimited Corporation operates as a full-service restaurant company. The company operates through four segments: Corporate Restaurants, Franchise Restaurants, Retail and Catering, and Central Operations. It operates and/or franchises restaurants under the Swiss Chalet, Harvey's, St-Hubert, The Keg, Milestones, Montana's, Kelsey's, East Side Mario's, New York Fries, Prime Pubs, Bier Markt, Landing, Original Joe's, State & Main, Elephant & Castle, The Burger's Priest, The Pickle Barrel, and 1909 Taverne Moderne brand names. As of December 30, 2018, the company operated 1,382 restaurants in Canada, the United States, Bahrain, China, Macao, Oman, Panama, Qatar, Saudi Arabia, and the United Arab Emirates. The company was formerly known as Cara Operations Limited and changed its name to Recipe Unlimited Corporation in May 2018. Recipe Unlimited Corporation was founded in 1883 and is headquartered in Vaughan, Canada.

Details
Name: Recipe Unlimited Corporation
305
Exchange: DB
Founded: 1883
CA$733,350,404
56,356,714
Website: http://www.recipeunlimited.com
Address: Recipe Unlimited Corporation
199 Four Valley Drive,
Vaughan,
Ontario, L4K 0B8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RECP Subordinate Voting Shares The Toronto Stock Exchange CA CAD 10. Apr 2015
DB 305 Subordinate Voting Shares Deutsche Boerse AG DE EUR 10. Apr 2015
Number of employees
Current staff
Staff numbers
17,500
Recipe Unlimited employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 22:46
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/12/03
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/29
Last annual earnings reported: 2018/12/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.