Restaurant Brands Asia Limited (IN:RBA)
:RBA
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Restaurant Brands Asia Limited
(RBA)
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Rating:48Neutral
Price Target:
₹67.00
▲(3.03% Upside)
Action:Reiterated
Date:05/16/26
The score is held down primarily by weak financial performance—persistent net losses, high leverage, and inconsistent free cash flow—despite strong revenue growth and improving operating margins. Technical indicators are moderately supportive, but valuation is pressured by loss-making earnings and no provided dividend yield.
Positive Factors
Strong multi-year revenue growth and scale
Sustained revenue growth from ~10B to ~28.2B indicates successful geographic and unit expansion and rising customer demand. That scale supports unit-level economics, bargaining power with suppliers, and long-term capacity to absorb fixed costs, underpinning durable growth potential.
Negative Factors
Persistent net losses and negative ROE
Ongoing net losses and negative ROE limit internal capital generation and weaken the ability to self-finance growth. Persistent losses raise dependency on external funding, constrain strategic flexibility, and make it harder to convert revenue scale into enduring shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong multi-year revenue growth and scale
Sustained revenue growth from ~10B to ~28.2B indicates successful geographic and unit expansion and rising customer demand. That scale supports unit-level economics, bargaining power with suppliers, and long-term capacity to absorb fixed costs, underpinning durable growth potential.
Read all positive factors
Restaurant Brands Asia Limited (RBA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.62B
Dividend YieldN/A
Average Volume (3M)140.28K
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue Growth10.66%
EPS Growth23.29%
CountryIN
Employees9,086
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)-3.87
Shares Outstanding582,876,300
10 Day Avg. Volume107,063
30 Day Avg. Volume140,278
Financial Highlights & Ratios
PEG Ratio0.68
Price to Book (P/B)4.66
Price to Sales (P/S)1.19
P/FCF Ratio-37.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.85
Revenue Forecast (FY)₹26.45B
Restaurant Brands Asia Limited Business Overview & Revenue Model
Company Description
Restaurant Brands Asia Limited together with its subsidiaries operates quick service restaurants in India and Indonesia. The company develops, establishes, operates, and franchises Burger King branded restaurants. It also develops, establishes, op...
How the Company Makes Money
RBA primarily makes money by selling food and beverages to customers through its Burger King restaurants in India. Its main revenue stream is in-store and off-premise (takeaway and delivery) sales, where customers pay for menu items (burgers, side...
Restaurant Brands Asia Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
34
Negative
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.73B | 28.23B | 25.51B | 24.37B | 20.54B | 14.86B |
| Gross Profit | 7.31B | 10.07B | 5.76B | 10.64B | 9.52B | 6.37B |
| EBITDA | 2.82B | 3.28B | 1.07B | 2.61B | 1.47B | 937.88M |
| Net Income | -2.07B | -1.87B | -2.16B | -2.18B | -2.21B | -1.96B |
Balance Sheet | ||||||
| Total Assets | 33.30B | 33.82B | 34.63B | 27.09B | 24.93B | 23.82B |
| Cash, Cash Equivalents and Short-Term Investments | 3.24B | 1.97B | 5.60B | 1.16B | 3.02B | 6.78B |
| Total Debt | 17.89B | 19.67B | 18.32B | 14.30B | 11.68B | 8.87B |
| Total Liabilities | 25.49B | 26.94B | 25.68B | 20.80B | 16.47B | 13.14B |
| Stockholders Equity | 8.04B | 7.21B | 9.09B | 6.27B | 8.25B | 10.41B |
Cash Flow | ||||||
| Free Cash Flow | -182.68M | -893.16M | 848.38M | 639.49M | -2.28B | -686.92M |
| Operating Cash Flow | 1.60B | 2.83B | 3.50B | 3.46B | 1.24B | 691.65M |
| Investing Cash Flow | -4.53B | -4.94B | -2.12B | -2.12B | 129.41M | -10.78B |
| Financing Cash Flow | -2.25B | -3.01B | 3.85B | -2.51B | -1.70B | 11.12B |
Restaurant Brands Asia Limited Technical Analysis
Positive
65.03
Price Trends
63.28
Positive
63.93
Positive
68.74
Negative
Market Momentum
1.35
Negative
70.41
Negative
67.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RBA, the sentiment is Positive. The current price of 65.03 is below the 20-day moving average (MA) of 66.07, above the 50-day MA of 63.28, and below the 200-day MA of 68.74, indicating a neutral trend. The MACD of 1.35 indicates Negative momentum. The RSI at 70.41 is Negative, neither overbought nor oversold. The STOCH value of 67.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RBA.
Restaurant Brands Asia Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹301.45B | 130.51 | ― | 0.21% | 20.10% | 7.11% | |
54 Neutral | ₹57.96B | -99.61 | ― | ― | 8.45% | -266.35% | |
53 Neutral | ₹72.93B | 232.51 | ― | 0.14% | 5.40% | 166.08% | |
52 Neutral | ₹142.90B | -305.13 | ― | ― | 13.34% | -352.55% | |
49 Neutral | ₹5.07B | 3.46 | ― | ― | 4.04% | ― | |
48 Neutral | ₹39.62B | -17.95 | ― | ― | 10.66% | 23.29% |
* Consumer Cyclical Sector Average
IN:RBA
Restaurant Brands Asia Limited
68.22
-17.99
-20.87%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.