# McDonald's CDR (CAD Hedged) (MCD.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Consumer Cyclical / Hospitality & Leisure. Price C$22.02, market value C$243.4 billion.

## Valuation
- **P/E (trailing): 21.2×** (5-yr avg 33.7×, 3-yr avg 33.7×). McDonald's CDR (CAD Hedged) trades at 21.2× trailing earnings, well below its own five-year average of 33.7×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×.
- **Price / sales: 8.8×**. Each dollar of revenue is priced at 8.8×.
- **EV / EBITDA: 19.7×**. Enterprise value is 19.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.2%** (5-yr avg 2.5%). Free cash flow equals 3.2% of the market value, above its five-year average of 2.5%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 4.7%**. The inverse of the P/E: 4.7% of the price is earned each year.

## Profitability
- **Gross margin: 57.4%**. McDonald's CDR (CAD Hedged) keeps 57.4% of revenue after the direct cost of what it sells.
- **Operating margin: 45.7%**. 45.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 31.9%**. 31.9% of each dollar of sales reaches the bottom line.
- **Return on equity: -478.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 19.0%**. Return on all capital, debt included, is 19.0%: comfortably above what that capital costs.
- **Return on assets: 14.8%**. Each dollar of assets produces 14.8% of profit.

## Growth
- **Revenue growth (1 yr): 3.7%** (3-yr 5.1%/yr). Revenue grew 3.7% over the last year.
- **EPS growth (1 yr): 4.9%** (3-yr 12.8%/yr). Earnings per share rose 4.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 9.4%/yr**. Free cash flow has compounded at 9.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Net debt / EBITDA: 3.6×**. It would take 3.6 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 7.8×**. Operating profit covers interest 7.8× over, a safe margin.
- **Current ratio: 0.95** (quick 0.94). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.43**. A Z-score of 3.43 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. McDonald's CDR (CAD Hedged) does not currently pay a dividend, but it returned 1.0% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -24.0%** (14.4% above the low). Trading 24% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 67**. An RSI of 67 is neutral.
- **Beta (1 yr): 0.16** (volatility 20%). Beta of 0.16 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MCD.TO · Page: https://foliofundamentals.com/stocks/mcd.to

Not investment advice.