WallStSmart

Noodles & Company (NDLS)vsRestaurant Brands International Inc (QSR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Restaurant Brands International Inc generates 1837% more annual revenue ($9.59B vs $495.08M). QSR leads profitability with a 10.0% profit margin vs -7.5%. QSR earns a higher WallStSmart Score of 68/100 (B-).

NDLS

Avoid

26

out of 100

Grade: F

Growth: 2.7Profit: 3.0Value: 5.0Quality: 4.5
Piotroski: 2/9Altman Z: 0.42

QSR

Strong Buy

68

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 6.7Quality: 3.0
Piotroski: 5/9Altman Z: 0.90
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for NDLS.

QSRUndervalued (+25.4%)

Margin of Safety

+25.4%

Fair Value

$94.75

Current Price

$72.66

$22.09 discount

UndervaluedFair: $94.75Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NDLS1 strengths · Avg: 10.0/10
Debt/EquityHealth
-5.2810/10

Conservative balance sheet, low leverage

QSR3 strengths · Avg: 9.0/10
EPS GrowthGrowth
100.0%10/10

Earnings expanding 100.0% YoY

Return on EquityProfitability
25.5%9/10

Every $100 of equity generates 26 in profit

Operating MarginProfitability
25.9%8/10

Strong operational efficiency at 25.9%

Areas to Watch

NDLS4 concerns · Avg: 3.3/10
Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

Market CapQuality
$74.83M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
1.6%3/10

Operating margin of 1.6%

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

QSR2 concerns · Avg: 1.5/10
Altman Z-ScoreHealth
0.902/10

Distress zone — elevated risk

Debt/EquityHealth
4.191/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : NDLS

The strongest argument for NDLS centers on Debt/Equity.

Bull Case : QSR

The strongest argument for QSR centers on EPS Growth, Return on Equity, Operating Margin. PEG of 1.28 suggests the stock is reasonably priced for its growth.

Bear Case : NDLS

The primary concerns for NDLS are Revenue Growth, Market Cap, Operating Margin.

Bear Case : QSR

The primary concerns for QSR are Altman Z-Score, Debt/Equity. Debt-to-equity of 4.19 is elevated, increasing financial risk.

Key Dynamics to Monitor

NDLS profiles as a turnaround stock while QSR is a value play — different risk/reward profiles.

NDLS carries more volatility with a beta of 1.43 — expect wider price swings.

QSR is growing revenue faster at 7.3% — sustainability is the question.

QSR generates stronger free cash flow (169M), providing more financial flexibility.

Bottom Line

QSR scores higher overall (68/100 vs 26/100). Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Noodles & Company

CONSUMER CYCLICAL · RESTAURANTS · USA

Noodles & Company develops and operates fast casual restaurants. The company is headquartered in Broomfield, Colorado.

Restaurant Brands International Inc

CONSUMER CYCLICAL · RESTAURANTS · USA

Restaurant Brands International Inc. owns, operates and franchises quick-service restaurants under the Tim Hortons (TH), Burger King (BK) and Popeyes (PLK) brands. The company is headquartered in Toronto, Canada.

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