The Wendy's Company — Intrinsic Value & Fair Price

WEN

NASDAQConsumer CyclicalRestaurantsCIK 0000030697wendys.comAbout WEN

Last close · Oct 26, 20266.19−0.03 (−0.48%)

Market cap$1.2B

Model value · DCF · Perpetuity growth · 5y

28.36

Wendy's closed at $6.19 — undervalued by 78% vs model.

3.17the model's range64.13

DCF · Perpetuity growth · 5y leads for a mature, steady company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models

6.19 – 34.65

Wall St. target

6.50 5% below

Past year

—

Price and model value

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What the marks mean

Daily close

Valuation models

price $6.19 · as of Oct 27, 2026

DCF · Perpetuity growth · 5yused3.17 – 64.1328.3678% undervalued DCF · Perpetuity growth · 10y3.66 – 66.1527.5378% undervalued DCF · EBITDA exit · 5y11.87 – 34.5622.2972% undervalued DCF · EBITDA exit · 10y10.64 – 38.2022.4572% undervalued P/E · peers15.80 – 35.8719.6869% undervalued P/E · own history7.42 – 16.2312.7852% undervalued PEG—6.19at model EV/EBITDA · peers26.48 – 33.6330.2880% undervalued EV/Revenue · peers11.41 – 63.0034.6582% undervalued Earnings power value0.97 – 18.787.2114% undervalued Dividend discount12.36 – 34.7518.9667% undervalued Wall St. consensus target—6.505% below Cost of capital (WACC)—5.00%—

DCF · Perpetuity growth · 5y leads for a mature, steady company — positive operating income and three years of positive free cash flow. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 26, 2026

Yield, trailing 12 months

7.94%

#1 · Highest dividend yield

Past 2 years

low 4.90%high 9.91%

Dividends per share, a year at a time

Dividends / free cash flow, FY2025: 53.4%
Raised: —
Growth, 5 yrs: 5.2% a year
Last change: −50.0% · Sep 2026

Every payment, with ex-dates · latest $0.07, paid Sep 15, 2026

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How it is valued

Valued asMature & stable

Revenue declining (~-0% recent)Moderate margins (8% net margin)Strong dividend yieldHighly cyclical earningsHigh leverage (D/E 35.3x)Strong FCF yield (20.6%)

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for mature companies

P/E

7.3×

EV / EBITDA

9.6×

FCF yield

20.2%

Dividend yield, TTM

7.94%

Beta

0.41

Cost of capital (WACC)

5.00%

On the lists: #1 Highest dividend yield · #6 Highest free cash flow yield · #6 Lowest P/E · #14 Near 52-week lows · #46 Worst performing this year

Full financials

Superinvestors

13F · Q2 2026

Nelson PeltzTrian Fund Management, L.P.$252.6M Prem WatsaFairfax Financial Holdings Ltd$66.3M Bill NygrenHarris Associates L P$46.3M First EagleFirst Eagle Investment Management, LLC$2.9M

All 4 holders

Analyst actions

third-party, quoted

10-26UBS · target6.50

10-15Stephens · target7.00

08-10UBS · target8.00

05-13Argus Research · “Buy” from “Hold”upgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

09-29Form 4 · APeltz Bradley G. · 3,318 sh@ 7.42 09-29Form 4 · AMAY PETER W · 4,009 sh@ 7.42 09-15Form 4 · AKale Aaron M. · 13 sh@ 0.00 09-15Form 4 · AKale Aaron M. · 42 sh@ 0.00 09-15Form 4 · AKale Aaron M. · 73 sh@ 0.00 08-178-K · 5.02Departure/Election of Directors or Officers

All WEN filings on EDGAR

Comparable companies

by business, not by industry label

MCDMcDonald's QSRRestaurant Brands YUMYum! Brands DPZDomino's WINGWingstop

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just WEN. No account.

About Wendy's

The Wendy's Company, together with its subsidiaries, engages in the operation, development, and franchising of a system of quick-service restaurants in the United States and internationally. The company operates through the Wendy’s U.S., Wendy’s International, and Global Real Estate & Development segments. Its restaurants offer a menu that includes hamburger sandwiches and chicken sandwiches; chicken tenders and nuggets, chili, french fries, baked potatoes, salads, soft drinks, Frosty desserts, and kids’ meals; breakfast menu, including the Breakfast Baconator sandwich and seasoned products; and a variety of promotional products on a limited time basis. The company also owns and leases real estate properties. As of December 28, 2025, there were 5,969 Wendy’s restaurants in operation in the United States and 1,428 Wendy’s restaurants in operation in 38 foreign countries and U.S. territories. 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.

CEO: Robert D. Wright
Headquarters: Dublin, OH
Employees: 14,900
IPO: 1980-05-06

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.