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Restaurant Group

DB:R2K
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R2K
DB
£175M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Restaurant Group has significant price volatility in the past 3 months.
R2K Share Price and Events
7 Day Returns
24.6%
DB:R2K
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-68.4%
DB:R2K
-48.1%
DE Hospitality
-20.9%
DE Market
R2K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Restaurant Group (R2K) 24.6% -58.3% -78.5% -68.4% -89.9% -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • R2K underperformed the Hospitality industry which returned -48.1% over the past year.
  • R2K underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
R2K
Industry
5yr Volatility vs Market

R2K Value

 Is Restaurant Group 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 Restaurant Group 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 Restaurant Group.

DB:R2K Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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:R2K
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 19%) (196.08%))
1.686
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.686 * 6.07%)
9.84%

Discounted Cash Flow Calculation for DB:R2K using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Restaurant Group 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:R2K DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.84%)
2020 45.10 Analyst x5 41.06
2021 44.51 Analyst x6 36.89
2022 51.96 Analyst x6 39.21
2023 54.55 Est @ 4.98% 37.47
2024 56.39 Est @ 3.37% 35.26
2025 57.65 Est @ 2.24% 32.82
2026 58.49 Est @ 1.45% 30.31
2027 59.01 Est @ 0.9% 27.84
2028 59.31 Est @ 0.51% 25.48
2029 59.46 Est @ 0.24% 23.25
Present value of next 10 years cash flows £329.00
DB:R2K DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £59.46 × (1 + -0.39%) ÷ (9.84% – -0.39%)
£578.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £578.65 ÷ (1 + 9.84%)10
£226.26
DB:R2K Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £329.00 + £226.26
£555.26
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £555.26 / 490.81
£1.13
DB:R2K Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:R2K represents 1.13453x of LSE:RTN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.13453x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.13 x 1.13453
€1.28
Value per share (EUR) From above. €1.28
Current discount Discount to share price of €0.40
= -1 x (€0.40 - €1.28) / €1.28
68.5%

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

Current Discount
Amount off the current price Restaurant Group is available for.
Intrinsic value
>50%
Share price is €0.4 vs Future cash flow value of €1.28
Current Discount Checks
For Restaurant Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Restaurant Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Restaurant Group's share price is below the future cash flow value, and 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 Restaurant Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Restaurant Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R2K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in GBP £-0.08
LSE:RTN Share Price ** LSE (2020-04-03) in GBP £0.36
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Restaurant Group.

DB:R2K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:RTN Share Price ÷ EPS (both in GBP)

= 0.36 ÷ -0.08

-4.33x

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

  • Restaurant Group is loss making, we can't compare its value to the DE Hospitality industry average.
  • Restaurant Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Restaurant Group's expected growth come at a high price?
Raw Data
DB:R2K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
79.1%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Restaurant Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Restaurant Group's assets?
Raw Data
DB:R2K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in GBP £0.82
LSE:RTN Share Price * LSE (2020-04-03) in GBP £0.36
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:R2K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:RTN Share Price ÷ Book Value per Share (both in GBP)

= 0.36 ÷ 0.82

0.44x

* Primary Listing of Restaurant Group.

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

  • Restaurant Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Restaurant Group'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. Restaurant Group has a total score of 3/6, 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.

R2K Future Performance

 How is Restaurant Group expected to perform in the next 1 to 3 years based on estimates from 13 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
79.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Restaurant Group expected to grow at an attractive rate?
  • Restaurant Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Restaurant Group's earnings growth is expected to exceed the Germany market average.
  • Restaurant Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:R2K Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:R2K Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 79.1%
DB:R2K Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 0.7%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:R2K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R2K Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,122 1
2023-12-31 1,095 1
2022-12-31 1,032 118 60 8
2021-12-31 1,034 117 61 13
2020-12-31 777 99 38 8
2020-04-06
2019-12-31 1,065 88 -5 15
DB:R2K Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-29 1,073 75 -40
2019-09-29 974 65 -61
2019-06-30 876 55 -81
2019-03-31 781 57 -37
2018-12-30 686 59 7
2018-09-30 679 63 13
2018-07-01 672 67 18
2018-04-01 676 74 18
2017-12-31 679 81 18
2017-09-30 682 79 1
2017-07-02 685 78 -17
2017-04-02 698 88 -32
2017-01-01 711 98 -48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Restaurant Group's earnings are expected to grow significantly at over 20% yearly.
  • Restaurant Group'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:R2K Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Restaurant Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R2K Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.12 0.12 0.11 3.00
2021-12-31 0.13 0.16 0.09 6.00
2020-12-31 0.05 0.06 0.03 3.00
2020-04-06
2019-12-31 0.04 0.12 -0.09 8.00
DB:R2K Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-29 -0.08
2019-09-29 -0.14
2019-06-30 -0.21
2019-03-31 -0.11
2018-12-30 0.02
2018-09-30 0.05
2018-07-01 0.08
2018-04-01 0.08
2017-12-31 0.09
2017-09-30 0.00
2017-07-02 -0.08
2017-04-02 -0.16
2017-01-01 -0.24

*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.
  • Restaurant Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Restaurant Group'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.
Restaurant Group has a total score of 3/6, 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.

R2K Past Performance

  How has Restaurant Group 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 Restaurant Group'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.
  • Restaurant Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Restaurant Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Restaurant Group's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Restaurant Group'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 Restaurant Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R2K Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 1,073.05 -40.41 51.39
2019-09-29 974.46 -61.13 47.06
2019-06-30 875.86 -80.90 41.62
2019-03-31 780.95 -37.01 34.47
2018-12-30 686.05 6.88 27.31
2018-09-30 679.15 13.05 26.42
2018-07-01 672.25 18.26 26.65
2018-04-01 675.77 18.30 28.92
2017-12-31 679.28 18.35 31.19
2017-09-30 682.22 0.92 31.68
2017-07-02 685.15 -16.51 32.18
2017-04-02 697.93 -32.26 32.80
2017-01-01 710.71 -48.02 33.42
2016-10-01 710.49 -15.11 34.22
2016-07-03 710.27 17.80 35.01
2016-04-03 697.82 43.34 36.51
2015-12-27 685.38 68.89 38.00
2015-09-27 673.24 65.99 39.41
2015-06-28 661.10 63.10 40.81
2015-03-28 648.16 65.05 39.55
2014-12-28 635.23 67.00 38.29
2014-09-28 621.14 66.70 37.03
2014-06-29 607.06 66.40 35.78
2014-03-29 593.32 61.29 35.36
2013-12-29 579.59 56.19 34.94
2013-09-29 570.47 53.75 34.39
2013-06-30 561.34 51.30 33.85

*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.
  • It is difficult to establish if Restaurant Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Restaurant Group has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Restaurant Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Restaurant Group'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.
Restaurant Group has a total score of 0/6, 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.

R2K Health

 How is Restaurant Group'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 Restaurant Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Restaurant Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Restaurant Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Restaurant Group'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 0.3x 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 Restaurant Group Company Filings, last reported 3 months ago.

DB:R2K Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 401.90 333.77 49.76
2019-09-29 401.90 333.77 49.76
2019-06-30 372.46 346.11 31.91
2019-03-31 372.46 346.11 31.91
2018-12-30 458.59 354.42 65.90
2018-09-30 458.59 354.42 65.90
2018-07-01 188.94 29.38 6.58
2018-04-01 188.94 29.38 6.58
2017-12-31 180.17 31.22 9.61
2017-09-30 180.17 31.22 9.61
2017-07-02 190.48 28.04 8.73
2017-04-02 190.48 28.04 8.73
2017-01-01 201.59 37.88 9.57
2016-10-01 201.59 37.88 9.57
2016-07-03 239.26 41.70 6.13
2016-04-03 239.26 41.70 6.13
2015-12-27 283.56 31.37 2.98
2015-09-27 283.56 31.37 2.98
2015-06-28 272.96 23.38 5.43
2015-03-28 272.96 23.38 5.43
2014-12-28 244.52 39.46 0.88
2014-09-28 244.52 39.46 0.88
2014-06-29 244.98 33.32 4.05
2014-03-29 244.98 33.32 4.05
2013-12-29 215.97 49.16 7.31
2013-09-29 215.97 49.16 7.31
2013-06-30 205.54 30.02 2.91
  • Restaurant Group's level of debt (83%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16% vs 83% today).
  • Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
  • Restaurant Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Restaurant Group'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. Restaurant Group has a total score of 1/6, 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.

R2K Dividends

 What is Restaurant Group'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
0%
Current annual income from Restaurant Group dividends. Estimated to be 7.46% next year.
If you bought €2,000 of Restaurant Group shares you are expected to receive €0 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?
  • Unable to evaluate Restaurant Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Restaurant Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:R2K 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 13 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:R2K Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.01 9.00
2021-12-31 0.03 14.00
2020-12-31 0.03 15.00
2020-04-06
2019-12-31 0.06 16.00
DB:R2K Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.000 0.000
2019-03-22 0.083 6.057
2018-04-23 0.174 8.327
2018-03-07 0.174 6.636
2017-05-26 0.174 5.824
2016-04-08 0.174 5.095
2016-03-09 0.174 4.487
2015-04-09 0.154 2.371
2015-02-27 0.154 2.211
2014-05-15 0.140 2.178
2013-02-27 0.118 2.134
2012-02-29 0.105 3.163
2010-03-03 0.080 3.027
2009-08-28 0.077 3.971

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

  • Unable to perform a dividend volatility check as Restaurant Group has not reported any payouts.
  • Unable to verify if Restaurant Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Restaurant Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Restaurant Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.7x coverage).
X
Income/ dividend checks
We assess Restaurant Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Restaurant Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Restaurant Group has a total score of 1/6, see the detailed checks below.


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

R2K Management

 What is the CEO of Restaurant Group'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
Andy Hornby
TENURE AS CEO 0.7 years
CEO Bio

Mr. Andy Hornby has been Chief Executive Officer and Director of The Restaurant Group plc since August 1, 2019. Mr. Hornby served as Chief Operating Officer of Ladbrokes Coral Group plc. Mr. Hornby serves as the Chief Operating Officer of Gala Coral Group Limited and served as its Chief Executive Officer. Mr. Hornby served as an Advisor at The Leoni Sceti Group. He served as the Chief Executive Officer of Alliance Boots Holdings Limited from July 1, 2009 to March 2011. Before joining Alliance Boots, he was appointed as the Chief Executive Officer of HBOS in 2006 and was the Architect of the merger with Lloyds TSB, which was completed on January 2009. He worked for supermarket Asda before joining the Halifax in 1999. He has wealth of experience from working across a number of blue chip organisations. He served as the Managing Director of George clothing. He served as a Non-Executive Chairman of Pharmacy2U Ltd. since June 2012. He serves on the Board of Home Retail Group. Mr. Hornby serves as a Member of Advisory Board of The Leoni Sceti Group. He serves as a Director of Gala Coral Group Limited. He has an M.B.A. from Harvard Business School, where he graduated top of his class and a degree from Oxford University.

CEO Compensation
  • Insufficient data for Andy to compare compensation growth.
  • Insufficient data for Andy to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Restaurant Group management team in years:

2.8
Average Tenure
  • The tenure for the Restaurant Group management team is about average.
Management Team

Kirk Davis

TITLE
CFO & Director
COMPENSATION
£428K
AGE
48
TENURE
2.2 yrs

Andy Hornby

TITLE
Chief Executive Officer & Director
TENURE
0.7 yrs

Debbie Moore

TITLE
Group HR Director
AGE
57

Nick Ayerst

TITLE
Managing Director of TRG Concessions
TENURE
7.3 yrs

Angelo Gabrilatsou

TITLE
Managing Director of Coast to Coast

Murray McGowan

TITLE
Managing Director of Leisure
TENURE
2.8 yrs

Mary Willcock

TITLE
Managing Director of Brunning & Price

Crispin Holder

TITLE
Director of Finance
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Restaurant Group board of directors in years:

1.5
Average Tenure
56
Average Age
  • The average tenure for the Restaurant Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Debbie Hewitt

TITLE
Independent Non-Executive Chairman
COMPENSATION
£215K
AGE
56
TENURE
3.9 yrs

Kirk Davis

TITLE
CFO & Director
COMPENSATION
£428K
AGE
48
TENURE
2.2 yrs

Andy Hornby

TITLE
Chief Executive Officer & Director
TENURE
0.7 yrs

Mike Tye

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
65
TENURE
4 yrs

Graham Clemett

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
58
TENURE
3.8 yrs

Allan Leighton

TITLE
Senior Independent Non-Executive Director
TENURE
0.9 yrs

Alison Digges

TITLE
Non-Executive Director
TENURE
0.3 yrs

Zoe Morgan

TITLE
Non-Executive Director
AGE
56
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Restaurant Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. Apr 20 Buy Kirk Davis Individual 30. Mar 20 30. Mar 20 276,797 €0.40 €111,829
02. Mar 20 Buy Kirk Davis Individual 26. Feb 20 26. Feb 20 90,434 €1.31 €118,201
02. Mar 20 Buy Andy Hornby Individual 27. Feb 20 27. Feb 20 46,579 €1.25 €58,341
02. Mar 20 Buy Debbie Hewitt Individual 26. Feb 20 26. Feb 20 17,990 €1.33 €23,883
02. Mar 20 Buy Michael Tye Individual 26. Feb 20 26. Feb 20 17,500 €1.31 €22,946
X
Management checks
We assess Restaurant Group'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. Restaurant Group 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.

R2K News

Simply Wall St News

R2K Company Info

Description

The Restaurant Group plc operates restaurants and pub restaurants in the United Kingdom. Its brands include Frankie & Benny’s, Chiquito, Coast to Coast, Brunning & Price, Garfunkel’s, Firejacks, Wagamama, and Joe’s Kitchen. The company also operates TRG concessions that provide table service, counter service, sandwich shops, pubs, and bars. As of December 30, 2018, it operated approximately 439 restaurants and 81 pubs. The Restaurant Group plc was incorporated in 1954 and is headquartered in London, the United Kingdom.

Details
Name: The Restaurant Group plc
R2K
Exchange: DB
Founded: 1954
£198,744,961
490,807,954
Website: http://www.trgplc.com
Address: The Restaurant Group plc
5-7 Marshalsea Road,
London,
Greater London, SE1 1EP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE RTN Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK RSTG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB R2K Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BATS-CHIXE RTNL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
21,500
Restaurant Group employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:18
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/29
Last annual earnings reported: 2019/12/29


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.