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Wendy's

DB:TQK
Snowflake Description

Established dividend payer with moderate growth potential.

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

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Wendy's has significant price volatility in the past 3 months.
TQK Share Price and Events
7 Day Returns
-6.3%
DB:TQK
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-26.1%
DB:TQK
-48.1%
DE Hospitality
-20.9%
DE Market
TQK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wendy's (TQK) -6.3% -26.5% -39.6% -26.1% - -
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
  • TQK outperformed the Hospitality industry which returned -48.1% over the past year.
  • TQK underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
TQK
Industry
5yr Volatility vs Market

TQK Value

 Is Wendy's 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 Wendy's 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 Wendy's.

DB:TQK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 25 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
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:TQK
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 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (127.49%))
1.382
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.382 * 5.44%)
7.13%

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

The calculations below outline how an intrinsic value for Wendy's 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:TQK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.13%)
2020 210.95 Analyst x11 196.92
2021 253.40 Analyst x7 220.81
2022 294.31 Analyst x6 239.39
2023 320.10 Analyst x2 243.05
2024 324.00 Analyst x1 229.65
2025 326.14 Est @ 0.66% 215.79
2026 327.27 Est @ 0.35% 202.13
2027 327.68 Est @ 0.13% 188.92
2028 327.58 Est @ -0.03% 176.30
2029 327.13 Est @ -0.14% 164.34
Present value of next 10 years cash flows $2,077.00
DB:TQK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $327.13 × (1 + -0.39%) ÷ (7.13% – -0.39%)
$4,335.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,335.25 ÷ (1 + 7.13%)10
$2,177.94
DB:TQK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,077.00 + $2,177.94
$4,254.94
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,254.94 / 223.03
$19.08
DB:TQK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TQK represents 0.91118x of NasdaqGS:WEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91118x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 19.08 x 0.91118
€17.38
Value per share (EUR) From above. €17.38
Current discount Discount to share price of €11.90
= -1 x (€11.90 - €17.38) / €17.38
31.5%

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

Current Discount
Amount off the current price Wendy's is available for.
Intrinsic value
32%
Share price is €11.9 vs Future cash flow value of €17.38
Current Discount Checks
For Wendy's to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wendy's's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wendy's'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 Wendy's's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wendy's's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TQK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in USD $0.60
NasdaqGS:WEN Share Price ** NasdaqGS (2020-04-03) in USD $13.06
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 Wendy's.

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

= NasdaqGS:WEN Share Price ÷ EPS (both in USD)

= 13.06 ÷ 0.60

21.93x

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

  • Wendy's is overvalued based on earnings compared to the DE Hospitality industry average.
  • Wendy's is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Wendy's's expected growth come at a high price?
Raw Data
DB:TQK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts
11.7%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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.93x ÷ 11.7%

1.87x

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

  • Wendy's is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wendy's's assets?
Raw Data
DB:TQK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in USD $2.30
NasdaqGS:WEN Share Price * NasdaqGS (2020-04-03) in USD $13.06
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:TQK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:WEN Share Price ÷ Book Value per Share (both in USD)

= 13.06 ÷ 2.30

5.69x

* Primary Listing of Wendy's.

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

  • Wendy's is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Wendy's'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. Wendy's has a total score of 1/6, 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.

TQK Future Performance

 How is Wendy's expected to perform in the next 1 to 3 years based on estimates from 25 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
11.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wendy's expected to grow at an attractive rate?
  • Wendy's's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Wendy's's earnings growth is positive but not above the Germany market average.
  • Wendy's's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TQK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TQK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts 11.7%
DB:TQK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts 7.2%
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:TQK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 25 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TQK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,945 226 3
2023-12-31 1,893 391 219 4
2022-12-31 1,843 341 173 11
2021-12-31 1,764 315 145 22
2020-12-31 1,705 254 106 25
2020-04-06
2019-12-31 1,706 297 130 23
DB:TQK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-29 1,370 289 137
2019-09-29 1,345 232 129
2019-06-30 1,313 230 474
2019-03-31 1,290 218 472
2018-12-30 1,264 224 460
2018-09-30 1,256 308 601
2018-07-01 1,245 281 224
2018-04-01 1,239 265 192
2017-12-31 1,223 239 194
2017-10-01 1,224 212 64
2017-07-02 1,280 189 98
2017-04-02 1,342 180 127
2017-01-01 1,435 194 130

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wendy's's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
  • Wendy's's revenue is expected to grow by 7.2% 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:TQK 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 25 Analyst Estimates (S&P Global) See Below

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

DB:TQK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.08 1.09 1.06 2.00
2023-12-31 1.17 1.92 0.88 4.00
2022-12-31 0.83 1.36 0.61 8.00
2021-12-31 0.64 0.81 0.40 16.00
2020-12-31 0.46 0.63 0.17 16.00
2020-04-06
2019-12-31 0.55 0.59 0.54 11.00
DB:TQK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-29 0.60
2019-09-29 0.56
2019-06-30 2.03
2019-03-31 2.00
2018-12-30 1.93
2018-09-30 2.51
2018-07-01 0.93
2018-04-01 0.79
2017-12-31 0.79
2017-10-01 0.26
2017-07-02 0.39
2017-04-02 0.49
2017-01-01 0.49

*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.
  • Wendy's is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Wendy's'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.
Wendy's 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.

TQK Past Performance

  How has Wendy's 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 Wendy's'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.
  • Wendy's has delivered over 20% year on year earnings growth in the past 5 years.
  • Wendy's's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wendy's's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Wendy's'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 Wendy's Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TQK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 1,369.55 136.94 202.71
2019-09-29 1,344.70 129.24 220.09
2019-06-30 1,312.66 474.36 218.07
2019-03-31 1,290.36 471.85 216.45
2018-12-30 1,263.92 460.12 189.89
2018-09-30 1,256.35 600.56 196.47
2018-07-01 1,245.34 223.57 201.74
2018-04-01 1,239.25 191.85 202.64
2017-12-31 1,223.41 194.03 202.89
2017-10-01 1,224.06 63.64 214.25
2017-07-02 1,280.07 98.28 221.47
2017-04-02 1,342.45 126.60 232.54
2017-01-01 1,435.42 129.62 236.79
2016-10-02 1,589.88 189.41 223.37
2016-07-03 1,690.50 148.85 240.55
2016-04-03 1,797.32 147.19 251.50
2016-01-03 1,870.30 139.98 256.55
2015-09-27 1,893.24 74.25 287.40
2015-06-28 1,925.28 87.06 289.86
2015-03-29 1,941.82 89.57 292.72
2014-12-28 1,998.50 116.42 260.73
2014-09-28 2,103.60 126.80 319.79
2014-06-29 2,247.71 103.73 317.73
2014-03-30 2,392.18 88.63 317.59
2013-12-29 2,423.67 48.39 305.14
2013-09-29 2,524.88 37.83 286.61
2013-06-30 2,520.41 13.07 282.26

*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.
  • Whilst Wendy's has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Wendy's used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Wendy's's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wendy's'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.
Wendy's has a total score of 2/6, 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.

TQK Health

 How is Wendy's'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 Wendy's's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wendy's is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wendy's's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wendy's'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 0.2x 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 Wendy's Company Filings, last reported 3 months ago.

DB:TQK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 516.36 2,280.31 300.20
2019-09-29 649.59 2,293.62 439.42
2019-06-30 648.05 2,297.72 426.22
2019-03-31 640.69 2,324.81 414.17
2018-12-30 648.45 2,328.80 431.41
2018-09-30 783.32 2,332.71 634.75
2018-07-01 430.54 2,336.70 194.94
2018-04-01 463.00 2,340.69 187.71
2017-12-31 573.20 2,754.40 171.45
2017-10-01 462.60 2,289.83 186.63
2017-07-02 487.05 2,728.75 204.54
2017-04-02 524.85 2,552.72 193.24
2017-01-01 527.74 2,512.28 198.24
2016-10-02 678.58 2,515.82 308.78
2016-07-03 693.16 2,509.12 266.18
2016-04-03 733.59 2,502.04 312.92
2016-01-03 752.91 2,426.11 327.22
2015-09-27 705.46 2,403.13 175.70
2015-06-28 1,738.43 2,397.38 1,197.57
2015-03-29 1,715.86 1,457.19 202.86
2014-12-28 1,717.58 1,441.52 267.11
2014-09-28 1,728.72 1,447.84 342.45
2014-06-29 1,744.37 1,454.09 371.66
2014-03-30 1,723.15 1,461.57 384.70
2013-12-29 1,929.49 1,463.83 580.15
2013-09-29 1,921.31 1,471.92 513.43
2013-06-30 1,963.80 1,471.16 494.42
  • Wendy's's level of debt (441.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (83.9% vs 441.6% today).
  • Debt is not well covered by operating cash flow (12.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Wendy's'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. Wendy's 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.

TQK Dividends

 What is Wendy's'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
3.68%
Current annual income from Wendy's dividends. Estimated to be 3.84% next year.
If you bought €2,000 of Wendy's shares you are expected to receive €74 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?
  • Wendy's's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Wendy's's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
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:TQK 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 25 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:TQK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.61 3.00
2022-12-31 0.53 7.00
2021-12-31 0.50 14.00
2020-12-31 0.47 14.00
2020-04-06
2019-12-31 0.41 13.00
DB:TQK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-20 0.480 3.123
2019-10-11 0.480 2.219
2019-08-01 0.400 1.974
2019-02-15 0.400 2.176
2018-11-01 0.340 2.005
2018-08-02 0.340 1.952
2018-02-15 0.340 2.003
2017-11-02 0.280 1.795
2017-08-03 0.280 1.840
2017-05-10 0.280 1.781
2017-03-02 0.280 2.018
2017-02-16 0.280 2.027
2016-11-09 0.260 1.953
2016-08-04 0.240 2.288
2016-05-11 0.240 2.420
2016-02-17 0.240 2.310
2015-10-28 0.240 2.381
2015-07-30 0.220 2.387
2015-05-01 0.220 2.012
2015-02-18 0.220 2.028
2015-02-03 0.220 1.996
2014-07-31 0.200 2.336
2014-05-19 0.200 2.398
2014-02-20 0.200 2.259
2013-10-31 0.200 2.281
2013-07-23 0.200 2.484
2013-05-02 0.160 2.659
2013-02-13 0.160 2.885
2013-01-16 0.160 3.118
2012-11-08 0.160 3.421
2012-08-06 0.080 1.834
2012-05-02 0.080 1.747
2012-02-13 0.080 1.615
2011-10-31 0.080 1.543
2011-08-08 0.080 1.664
2011-05-05 0.080 1.593
2011-01-26 0.080 1.629
2010-11-12 0.080 1.705
2010-08-09 0.060 1.347
2010-05-10 0.060 1.388
2010-01-28 0.060 1.214
2009-11-03 0.060 1.379
2009-08-04 0.060 1.237
2009-05-05 0.060 1.419

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wendy's's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Wendy's'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 Wendy's afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wendy's has a total score of 5/6, see the detailed checks below.


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

TQK Management

 What is the CEO of Wendy's'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
Todd Penegor
COMPENSATION $5,620,867
AGE 54
TENURE AS CEO 3.9 years
CEO Bio

Mr. Todd Allan Penegor has been the President of The Wendy's Company since January 4, 2016 and has been its Chief Executive Officer since May 26, 2016. Mr. Penegor has been Chief Financial Officer and Senior Vice President of Wendy's International, LLC (alternate name, Wendy's International, Inc.) since September 2013. He joined Wendy's Company in June 2013. He served as the Chief Financial Officer of The Wendy's Company from September 1, 2013 to May 26, 2016 and served as its Executive Vice President of International since December 2014 until January 2016, Senior Vice President from September 1, 2013 to December 2014 and Executive Officer. Mr. Penegor has extensive experience in finance and strategic planning, as well as global experience. He served as Vice President and President of Kellogg US Snacks at Kellogg Company from August 2008 to June 2013. He joined Kellogg in 2001. Mr. Penegor is actively involved with various civic organizations and serves as Vice Chair of the board of trustees of the Dave Thomas Foundation for Adoption and as a member of the Michigan State University Eli Broad College of Business financial advisory board. He served as Vice President and Chief Financial Officer of Kellogg Europe from 2007 to 2009 and Vice President and Chief Financial Officer of Kellogg USA and Kellogg Snacks from 2002 to 2007. He spent 12 years with Ford Motor Company in various positions, including strategy, M&A, the controller’s office and treasury. Mr. Penegor serves as a Director of The Wendy's Company since May 2016. Mr. Penegor serves as an independent Director of Ball Corporation since October 23, 2019. He is a member of the financial advisory board of Michigan State University. Mr. Penegor received a bachelor’s degree in accounting and an MBA in finance from Michigan State University.

CEO Compensation
  • Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Todd's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Wendy's management team in years:

3.9
Average Tenure
47.5
Average Age
  • The tenure for the Wendy's management team is about average.
Management Team

Todd Penegor

TITLE
President
COMPENSATION
$6M
AGE
54
TENURE
3.9 yrs

Gunther Plosch

TITLE
Chief Financial Officer
COMPENSATION
$2M
AGE
50
TENURE
3.9 yrs

Abigail Pringle

TITLE
President of International & Chief Development Officer
COMPENSATION
$1M
AGE
45
TENURE
1.5 yrs

Kurt Kane

TITLE
President of U.S. & Chief Commercial Officer
COMPENSATION
$2M
AGE
47
TENURE
4.9 yrs

Leigh Burnside

TITLE
Senior VP of Finance & Chief Accounting Officer
AGE
49
TENURE
2.7 yrs

Greg Lemenchick

TITLE
Senior Director of Investor Relations and Corporate FP&A

E. Wunsch

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$1M
AGE
48
TENURE
3.5 yrs

Liliana Esposito

TITLE
Chief Communications Officer
AGE
44
TENURE
5.8 yrs

Matthew O’Brien

TITLE
Chief People Officer
AGE
45
TENURE
6.7 yrs

Dana Klein

TITLE
Senior VP - Corporate & Securities Counsel and Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Wendy's board of directors in years:

4.8
Average Tenure
65.5
Average Age
  • The tenure for the Wendy's board of directors is about average.
Board of Directors

Nelson Peltz

TITLE
Non Executive Chairman
COMPENSATION
$684K
AGE
76
TENURE
12.8 yrs

Todd Penegor

TITLE
President
COMPENSATION
$6M
AGE
54
TENURE
3.9 yrs

Peter May

TITLE
Non-Executive Vice Chairman
COMPENSATION
$220K
AGE
76
TENURE
12.8 yrs

Peter Rothschild

TITLE
Independent Director
COMPENSATION
$235K
AGE
63
TENURE
9.9 yrs

Art Winkleblack

TITLE
Independent Director
COMPENSATION
$220K
AGE
61
TENURE
3.9 yrs

Joseph Levato

TITLE
Independent Director
COMPENSATION
$215K
AGE
78
TENURE
23.8 yrs

Mich Mathews-Spradlin

TITLE
Independent Director
COMPENSATION
$207K
AGE
52
TENURE
5.2 yrs

Dennis Kass

TITLE
Independent Director
COMPENSATION
$207K
AGE
68
TENURE
4.3 yrs

Matthew Peltz

TITLE
Director
COMPENSATION
$203K
AGE
36
TENURE
4.3 yrs

Ken Gilbert

TITLE
Independent Director
COMPENSATION
$201K
AGE
68
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Wendy's individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Mar 20 Buy Dennis Kass Individual 02. Mar 20 02. Mar 20 8,014 €16.81 €134,702
16. Aug 19 Sell Trian Fund Management, L.P. Company 15. Aug 19 16. Aug 19 -2,000,000 €18.01 €-35,989,386
14. May 19 Sell Robert Wright Individual 10. May 19 10. May 19 -126,629 €16.67 €-2,110,346
X
Management checks
We assess Wendy's'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. Wendy's 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.

TQK News

Simply Wall St News

TQK Company Info

Description

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy’s U.S., Wendy’s International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 29, 2019, it operated approximately 357 company owned restaurants; 5,495 franchised restaurants in the United States; and 936 franchised restaurants internationally. The company also owns and leases real estate properties. As of December 29, 2019, it owns 512 and leases 1,248 properties, which are leased or subleased primarily to franchisees. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy’s Company in July 2011. The Wendy's Company was founded in 1969 and is headquartered in Dublin, Ohio.

Details
Name: The Wendy's Company
TQK
Exchange: DB
Founded: 1969
$2,699,875,551
223,032,261
Website: http://www.wendys.com
Address: The Wendy's Company
One Dave Thomas Boulevard,
Dublin,
Ohio, 43017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS WEN Common Stock Nasdaq Global Select US USD 02. Mar 1964
DB TQK Common Stock Deutsche Boerse AG DE EUR 02. Mar 1964
BRSE TQK Common Stock Berne Stock Exchange CH CHF 02. Mar 1964
Number of employees
Current staff
Staff numbers
13,300
Wendy's employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 02:35
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/04
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.