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AmRest Holdings SE (PL:EAT)
:EAT
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AmRest Holdings SE
(OTC:EAT)
Select Model
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Rating:64Neutral
Price Target:
zł16.00
▲(6.24% Upside)
AmRest Holdings SE's overall stock score reflects its stable financial performance and strategic improvements, offset by high leverage and regional challenges. The technical indicators suggest potential bearish momentum, while the valuation indicates a relatively high P/E ratio. The earnings call provided a balanced view of growth opportunities and challenges.
AmRest Holdings SE (EAT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
zł3.08B
Dividend Yield1.25%
Average Volume (3M)122.01K
Price to Earnings (P/E)31.6
Beta (1Y)0.71
Revenue Growth0.79%
EPS GrowthN/A
CountryPL
Employees16,384
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.30
Shares Outstanding219,554,180
10 Day Avg. Volume150,580
30 Day Avg. Volume122,007
Financial Highlights & Ratios
PEG Ratio-1.45
Price to Book (P/B)2.39
Price to Sales (P/S)0.35
P/FCF Ratio4.62
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)0.58
Revenue Forecast (FY)zł9.82B
AmRest Holdings SE Business Overview & Revenue Model
Company DescriptionAmRest Holdings SE (EAT) is a leading restaurant operator in Central and Eastern Europe, with a diverse portfolio of brands across various dining segments. The company operates both its own restaurants and franchises, offering a range of fast food, casual dining, and coffee shop experiences. Key brands under AmRest include KFC, Pizza Hut, Burger King, and Starbucks, among others, catering to a wide array of consumer preferences and dining occasions.
How the Company Makes MoneyAmRest generates revenue primarily through the operation of its restaurant locations, which includes both company-owned and franchised outlets. The company earns money by selling food and beverages directly to customers at these locations. Additionally, revenue is derived from franchise fees and royalties paid by franchisees as part of their ongoing agreement to operate under AmRest's brand names. The company also benefits from economies of scale in procurement and supply chain management, which helps to enhance profitability. Significant partnerships with global brands like Starbucks and KFC further bolster its revenue streams, while strategic expansions into new markets and continuous innovation in menu offerings contribute to growth.
AmRest Holdings SE Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Neutral
While AmRest achieved record revenues and maintained a solid EBITDA margin, the company faced significant challenges in Western Europe and China. The need for restructuring in France and revised guidance for 2025 indicate ongoing difficulties. Central and Eastern Europe showed strong performance, but the overall sentiment is tempered by macroeconomic headwinds and uneven regional results.Q3-2025 Updates
Positive Updates
Historic Sales Record
AmRest achieved a historic sales record of EUR 660.5 million for Q3 2025, with a 3.5% increase when excluding the impact of asset dispositions.
Strong EBITDA Performance
EBITDA reached EUR 111.2 million with a solid margin of 16.8%.
Digital Orders Increase
Digital orders accounted for 62% of total transactions, highlighting the importance of the omnichannel ecosystem.
Expansion and Renovation
AmRest opened 16 new restaurants and renovated 46 units, demonstrating commitment to growth and modernization.
Resilient Central and Eastern Europe Performance
Sales in Central and Eastern Europe grew by 7.8% year-on-year, with Hungary posting double-digit growth of 10.3% and Poland seeing an almost 9% increase.
Negative Updates
Western Europe Sales Decline
Sales in Western Europe declined by 2.7% year-on-year, with France experiencing a nearly 14% drop due to weak consumer confidence.
Challenges in China
Sales in China decreased by 10% in nominal terms, impacted by a challenging macroeconomic environment and global consumer spending slowdown.
Operating Profit Margin Decline
Operating profit margin declined by 2.7 percentage points compared to last year, with an operating profit of EUR 42.3 million.
Sushi Shop Struggles in France
The Sushi Shop brand faced challenges in France, with plans for restructuring and operational improvements underway.
Revised Guidance
AmRest revised its revenue and profitability guidance for 2025 due to current market conditions, expecting low single-digit sales growth and an EBITDA margin slightly above the current year-to-date of 15.6%.
Company Guidance
During the Q3 2025 results call, AmRest provided guidance indicating a challenging but resilient market performance. The company reported record revenues of EUR 660.5 million for the quarter, a 3.5% year-on-year increase when excluding asset disposals. EBITDA was EUR 111.2 million with a 16.8% margin, while operating profit was EUR 42.3 million, and net profit stood at EUR 15.8 million. Leverage was at 2.1x, within the company's target range. AmRest opened 16 new restaurants and renovated 46 units during the quarter. The company highlighted ongoing macroeconomic challenges, including weak consumer confidence and cost of living pressures, particularly affecting markets like France. Despite these challenges, digital orders reached 62% of total transactions, underscoring a shift in consumer behavior. Looking forward, AmRest revised its guidance, anticipating low single-digit sales growth and an EBITDA margin slightly above the year-to-date figure of 15.6%, with fewer new restaurant openings compared to last year.AmRest Holdings SE Financial Statement Overview
Summary
AmRest Holdings SE shows positive revenue growth and improved profitability, with a stable gross profit margin and better net profit margin. However, high leverage with a debt-to-equity ratio of 4.35 poses financial risk, despite strong free cash flow growth and healthy cash flow ratios.Income Statement
AmRest Holdings SE has shown a positive revenue growth trend with a TTM growth rate of 10.8%. The gross profit margin is stable at around 12%, and the net profit margin has improved to 1.3% in the TTM, indicating better profitability. However, the EBIT and EBITDA margins suggest room for improvement in operational efficiency.75
Positive
Balance Sheet
The company maintains a high debt-to-equity ratio of 4.35, indicating significant leverage, which poses a risk. However, the return on equity has improved to 9.05% in the TTM, showing better utilization of equity. The equity ratio remains low, reflecting a higher reliance on debt financing.60
Neutral
Cash Flow
AmRest Holdings SE has demonstrated strong free cash flow growth of 11.9% in the TTM, and the operating cash flow to net income ratio is healthy at 0.74. The free cash flow to net income ratio of 0.52 indicates a solid conversion of earnings into cash, supporting financial flexibility.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.59B | 2.56B | 2.43B | 2.42B | 1.92B | 1.52B |
| Gross Profit | 315.00M | 323.10M | 308.20M | 269.00M | 212.90M | 60.60M |
| EBITDA | 417.40M | 377.70M | 355.00M | 353.00M | 335.60M | 99.10M |
| Net Income | 33.70M | 8.50M | 44.90M | 6.60M | 32.90M | -183.70M |
Balance Sheet | ||||||
| Total Assets | 2.33B | 2.37B | 2.35B | 2.28B | 2.17B | 2.11B |
| Cash, Cash Equivalents and Short-Term Investments | 132.30M | 139.60M | 227.50M | 229.60M | 198.70M | 204.80M |
| Total Debt | 1.61B | 1.59B | 1.51B | 1.53B | 1.49B | 1.53B |
| Total Liabilities | 1.95B | 1.98B | 1.95B | 1.95B | 1.87B | 1.85B |
| Stockholders Equity | 370.30M | 372.60M | 385.40M | 320.10M | 298.70M | 257.80M |
Cash Flow | ||||||
| Free Cash Flow | 214.00M | 192.70M | 173.40M | 224.50M | 258.80M | 87.40M |
| Operating Cash Flow | 409.00M | 408.50M | 370.50M | 362.50M | 356.90M | 178.80M |
| Investing Cash Flow | -199.60M | -214.50M | -133.00M | -138.10M | -96.60M | 11.70M |
| Financing Cash Flow | -213.00M | -268.50M | -233.50M | -192.10M | -270.40M | -95.00M |
AmRest Holdings SE Technical Analysis
Negative
15.06
Price Trends
14.47
Negative
14.65
Negative
15.58
Negative
Market Momentum
-0.17
Negative
54.32
Neutral
94.74
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL:EAT, the sentiment is Negative. The current price of 15.06 is above the 20-day moving average (MA) of 13.83, above the 50-day MA of 14.47, and below the 200-day MA of 15.58, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 54.32 is Neutral, neither overbought nor oversold. The STOCH value of 94.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PL:EAT.
AmRest Holdings SE Peers Comparison
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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.