NYSE · DIN
Dine Brands Global, Inc.
Consumer Cyclical · Restaurants
$28.95▼ 0.22% ($0.06)today
As of 12:31 PM ET
Market cap
$367.17M
P/E
Valuation
Cash-flow DCF
Verdict: cheap. Price below all scenarios.
The price holds with free cash flow shrinking 10.4% a year for 5 years. Our scenarios assume −17.1–7.3%.
Its past 10 years averaged −7.7% a year.
Value per share
Base case
$47.05
Price used $28.95 is 38% below this
USD · TTM ending Jun 28, 2026 · Price Sep 25, 4:31 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
5 more notes
CapEx normalization was capped: company appears to be in a multi-year investment cycle. Median-based capex floor applied at 60% of TTM capex.
Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~30% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
The capital structure implies a discount rate of 2.92%, below the 5.66% floor (5.16% risk-free + 50bps), so 5.66% was used instead.
Free cash flow each value needs
Free cash flow today $70.4M. The price needs $48.2M by 2036. Base case: $56.1M. At its recent pace: $31.7M. Bear to Bull: $32.8M to $122M.
Free cash flow today $70.4M. The price needs $48.2M by 2036. Base case: $56.1M. At its recent pace: $31.7M. Bear to Bull: $32.8M to $122M.
Free cash flow in 2036
today $70.4M
−$7.9Mless than the Base case
Value per share · Base case
$47.05
Price $28.95
38% below this
- Stage 1 growth, yrs 1–5
- −7.7%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 5.7%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
5 more notes
CapEx normalization was capped: company appears to be in a multi-year investment cycle. Median-based capex floor applied at 60% of TTM capex.
Working capital change smoothed: single-period ΔOWC exceeded ±5% of revenue and was capped to reduce timing noise.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~30% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
The capital structure implies a discount rate of 2.92%, below the 5.66% floor (5.16% risk-free + 50bps), so 5.66% was used instead.
USD · TTM ending Jun 28, 2026 · Price Sep 25, 4:31 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 18.43% over the last year. Revenue grew 6.44% over the trailing twelve months. Operating margin moved from 17.81% to 14.97%. Free cash flow declined 99.79% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 97th percentile of its historical P/E range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 14.97%) would need to stabilize or improve to justify the move. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Return analysis
Company profile
Dine Brands Global, Inc., along with its associated entities, manages a portfolio of full-service dining establishments, utilizing various models including direct ownership, franchising agreements, operational oversight, and property leasing, both domestically in the U.S. and across global markets.
Market multiples
Stock splits
Every 1 shares became 2
Profitability & growth
Analyst consensus
4
Buy
20
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 4, 2026
Q4 FY26 · EPS est $1.01 · Revenue est $240.55M
View
Institutional Sentiment
Dine Brands Global, Inc. · DIN
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.