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Domino's Pizza

Domino's Pizza's net profit rose 3.90% yoy to USD 510 mil in 2021

By Helgi Library - May 10, 2022

Domino's Pizza made a net profit of USD 510 mil with revenues of USD 4,357 mil in 2021, up by 3.9% and up by 5.83%...

Domino's Pizza's price/earnings (P/E) rose 34.7% yoy to 41.7 in 2021

By Helgi Library - May 10, 2022

Domino's Pizza stock traded at USD 564 per share at the end 2021 translating into a market capitalization of USD 21,270 mil. ...

Domino's Pizza's Net Debt/EBITDA rose 14.2% yoy to 5.71 in 2021

By Helgi Library - May 10, 2022

Domino's Pizza's net debt stood at USD 5,128 mil and accounted for -122% of equity at the end of 2021. The ratio is ...

Profit Statement 2025 2026 2027
Sales USD mil 5,615 6,138 6,099
Gross Profit USD mil 2,210 2,464 2,472
EBITDA USD mil 1,151 1,256 1,296
EBIT USD mil 1,047 1,131 1,209
Financing Cost USD mil ... ... ...
Pre-Tax Profit USD mil 825 861 ...
Net Profit USD mil 652 684 698
Dividends USD mil 252 277 319
Balance Sheet 2025 2026 2027
Total Assets USD mil 2,016 2,100 2,190
Non-Current Assets USD mil 995 1,034 1,076
Current Assets USD mil 1,021 1,066 1,114
Working Capital USD mil 289 305 322
Shareholders' Equity USD mil -3,469 -3,037 -2,617
Liabilities USD mil ... ... ...
Total Debt USD mil 5,332 5,342 5,352
Net Debt USD mil 5,042 5,052 5,062
Ratios 2025 2026 2027
ROE % -17.7 -21.0 -24.7
ROCE % 52.2 52.2 51.0
Gross Margin % 39.4 40.1 40.5
EBITDA Margin % 20.5 20.5 21.2
EBIT Margin % 18.6 18.4 19.8
Net Margin % 11.6 11.1 11.4
Net Debt/EBITDA 4.38 4.02 3.91
Net Debt/Equity % -145 -166 -193
Cost of Financing % ... ... ...
Valuation 2025 2026 2027
Market Capitalisation USD mil 12,654 12,654 12,654
Enterprise Value (EV) USD mil 17,696 17,706 17,716
Number Of Shares mil 37.7 37.7 37.7
Share Price USD 336 336 336
EV/EBITDA 15.4 14.1 13.7
EV/Sales 3.15 2.88 2.90
Price/Earnings (P/E) 19.4 18.5 18.1
Price/Book Value (P/BV) -3.65 -4.17 -4.84
Dividend Yield % 2.02 2.22 2.55

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overview Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                                  
Sales USD mil             2,788 3,433 3,619 4,117 4,357            
Gross Profit USD mil             866 1,303 1,403 1,594 1,688            
EBIT USD mil             521 572 629 726 780            
Net Profit USD mil             278 362 401 491 510            
                                     
ROE % ...           -12.0 -12.5 -12.4 -14.6 -13.6            
EBIT Margin %             18.7 16.7 17.4 17.6 17.9            
Net Margin %             9.97 10.5 11.1 11.9 11.7            
Employees             14,100 14,500 13,100 14,400 13,500 ... ... ... ... ... ...
balance sheet                                  
Total Assets USD mil             837 907 1,382 1,567 1,672            
Non-Current Assets USD mil             257 340 594 698 811            
Current Assets USD mil             580 567 788 869 861            
                                     
Shareholders' Equity USD mil             -2,735 -3,040 -3,416 -3,300 -4,210            
Liabilities USD mil             3,572 3,947 4,798 4,868 5,881       ... ... ...
Non-Current Liabilities USD mil             3,174 3,568 4,344 4,397 5,291       ... ... ...
Current Liabilities USD mil             398 380 454 471 591            
                                     
Net Debt/EBITDA             5.50 5.59 5.66 5.00 5.71            
Net Debt/Equity %             -114 -115 -121 -126 -122            
Cost of Financing % ...           4.59 4.38 3.83 3.95 3.98 ... ... ... ... ... ...
cash flow                                  
Total Cash From Operations USD mil             341 394 497 593 654            
Total Cash From Investing USD mil             -83.7 -88.3 -27.9 -129 -143            
Total Cash From Financing USD mil             -197 -323 -223 -446 -523            
Net Change In Cash USD mil             60.4 -17.4 247 18.2 -11.7            
valuation                                  
Market Capitalisation USD mil ... ... ... ... ... ... 9,011 10,833 12,255 15,200 21,270            
Enterprise Value (EV) USD mil ... ... ... ... ... ... 12,121 14,330 16,402 19,374 26,399            
Number Of Shares mil ... ... ... ... ... ... 47.7 43.3 41.9 39.6 37.7            
Share Price USD ... ... ... ... ... ... 189 250 292 383 564            
Price/Earnings (P/E) ... ... ... ... ... ... 32.4 29.9 30.6 30.9 41.7            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... 29.3 27.3 28.0 28.5 38.0            
EV/EBITDA ... ... ... ... ... ... 21.4 22.9 22.4 23.2 29.4            
Price/Book Value (P/BV) ... ... ... ... ... ... -3.29 -3.56 -3.59 -4.61 -5.05            
Dividend Yield % ... ... ... ... ... ... 0.974 0.880 0.889 0.814 0.666            
income statement Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
income statement                                  
Sales USD mil             2,788 3,433 3,619 4,117 4,357            
Cost of Goods & Services USD mil             1,922 2,130 2,216 2,523 2,669            
Gross Profit USD mil             866 1,303 1,403 1,594 1,688            
Selling, General & Admin USD mil             345 416 420 442 470 ... ... ... ... ... ...
Research & Development USD mil ... ... ...       0 0 0 0 0 ... ... ... ... ... ...
Other Operating Expense USD mil             0 315 353 427 437 ... ... ... ... ... ...
Other Operating Cost (Income) USD mil             0 0 0 0 0 ... ... ... ... ... ...
EBITDA USD mil             566 625 732 835 898            
Depreciation USD mil ...     ...     29.6 35.0 37.1 42.0 48.6            
EBIT USD mil             521 572 629 726 780            
Net Financing Cost USD mil             121 143 147 171 155           ...
Financing Cost USD mil             123 146 151 172 192 ... ... ... ... ... ...
Financing Income USD mil             1.46 3.33 4.05 1.65 0.345 ... ... ... ... ... ...
FX (Gain) Loss USD mil             0 0 0 0 0 ... ... ... ... ... ...
(Income) / Loss from Affiliates USD mil             0 0 ... 0 0 ... ... ... ... ... ...
Extraordinary Cost USD mil             0 0 0 0 0 ... ... ... ... ... ...
Pre-Tax Profit USD mil             400 429 483 555 626           ...
Tax USD mil             122 66.7 81.9 63.8 115           ...
Minorities USD mil             0 0 0 0 0            
Net Profit USD mil             278 362 401 491 510            
Net Profit Avail. to Common USD mil             278 362 401 491 510            
Dividends USD mil             84.6 92.1 106 122 140            
growth rates                                  
Total Revenue Growth % ...           12.8 23.1 5.42 13.8 5.83            
Operating Cost Growth % ...           9.92 112 5.76 12.4 4.49 ... ... ... ... ... ...
EBITDA Growth % ...           14.9 10.6 17.1 14.1 7.53            
EBIT Growth % ...           14.8 9.68 10.1 15.3 7.55            
Pre-Tax Profit Growth % ...           16.1 7.13 12.6 15.0 12.7           ...
Net Profit Growth % ...           29.5 30.3 10.7 22.6 3.90            
ratios                                  
ROE % ...           -12.0 -12.5 -12.4 -14.6 -13.6            
ROA % ...           35.8 41.5 35.0 33.3 31.5            
ROCE % ...           83.8 85.4 65.1 59.2 52.1            
Gross Margin %             31.1 37.9 38.8 38.7 38.7            
EBITDA Margin %             20.3 18.2 20.2 20.3 20.6            
EBIT Margin %             18.7 16.7 17.4 17.6 17.9            
Net Margin %             9.97 10.5 11.1 11.9 11.7            
Payout Ratio %             30.4 25.4 26.5 24.8 27.4            
Cost of Financing % ...           4.59 4.38 3.83 3.95 3.98 ... ... ... ... ... ...
Net Debt/EBITDA             5.50 5.59 5.66 5.00 5.71            
balance sheet Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
balance sheet                                  
Cash & Cash Equivalents USD mil             35.8 25.4 191 169 148            
Receivables USD mil             174 190 210 245 255            
Inventories USD mil             40.0 46.0 53.0 66.7 68.3            
Other ST Assets USD mil             330 305 334 389 389            
Current Assets USD mil             580 567 788 869 861            
Property, Plant & Equipment USD mil             170 235 472 526 535            
LT Investments & Receivables USD mil             8.12 8.72 12.0 13.3 141            
Intangible Assets USD mil             68.2 78.7 88.2 96.4 111            
Goodwill USD mil             15.4 14.9 15.1 15.1 15.0            
Non-Current Assets USD mil             257 340 594 698 811            
Total Assets USD mil             837 907 1,382 1,567 1,672            
                                     
Trade Payables USD mil             107 92.5 111 94.5 91.5            
Short-Term Debt USD mil             32.3 35.9 76.7 38.7 92.7            
Other ST Liabilities USD mil             120 107 102 141 174            
Current Liabilities USD mil             398 380 454 471 591            
Long-Term Debt USD mil             3,121 3,496 4,274 4,318 5,199            
Other LT Liabilities USD mil             52.4 71.9 70.2 78.5 91.5            
Non-Current Liabilities USD mil             3,174 3,568 4,344 4,397 5,291       ... ... ...
Liabilities USD mil             3,572 3,947 4,798 4,868 5,881       ... ... ...
Preferred Equity and Hybrid Capital USD mil             0 0 0 0 0            
Share Capital USD mil             6.08 0.979 0.632 5.51 1.20            
Treasury Stock USD mil             0 0 0 0 0            
Equity Before Minority Interest USD mil             -2,735 -3,040 -3,416 -3,300 -4,210       ... ... ...
Minority Interest USD mil             0 0 0 0 0            
Equity USD mil             -2,735 -3,040 -3,416 -3,300 -4,210            
growth rates                                  
Total Asset Growth % ...           16.8 8.44 52.3 13.4 6.68            
Shareholders' Equity Growth % ...           45.3 11.1 12.4 -3.38 27.5            
Net Debt Growth % ...           45.5 12.5 18.6 0.652 22.8            
Total Debt Growth % ...           44.1 12.0 23.2 0.150 21.5            
ratios                                  
Total Debt USD mil             3,154 3,532 4,351 4,357 5,292            
Net Debt USD mil             3,110 3,497 4,148 4,175 5,128            
Working Capital USD mil             107 144 152 217 232            
Capital Employed USD mil             364 484 747 915 1,043            
Net Debt/Equity %             -114 -115 -121 -126 -122            
Current Ratio             1.46 1.49 1.74 1.85 1.46            
Quick Ratio             0.526 0.568 0.883 0.878 0.683            
cash flow Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
cash flow                                  
Net Profit USD mil             278 362 401 491 510            
Depreciation USD mil ...     ...     29.6 35.0 37.1 42.0 48.6            
Non-Cash Items USD mil             17.8 -0.849 -5.49 23.2 35.8            
Change in Working Capital USD mil             1.15 -20.6 41.8 13.3 35.0            
Total Cash From Operations USD mil             341 394 497 593 654            
                                     
Capital Expenditures USD mil             -83.2 -112 -73.3 -88.6 -94.2            
Net Change in LT Investment USD mil             0 0 0 0 0 ... ... ... ... ... ...
Net Cash From Acquisitions USD mil             0 0 0 0 0 ... ... ... ... ... ...
Other Investing Activities USD mil             -0.562 23.3 45.5 -40.3 -48.6            
Total Cash From Investing USD mil             -83.7 -88.3 -27.9 -129 -143            
                                     
Dividends Paid USD mil             -84.3 -92.2 -106 -122 -139            
Issuance Of Shares USD mil             -1,058 -581 -686 -274 -1,301            
Issuance Of Debt USD mil             972 366 583 -44.1 940            
Other Financing Activities USD mil             -26.5 -15.2 -14.0 -6.80 -22.0 ... ... ... ... ... ...
Total Cash From Financing USD mil             -197 -323 -223 -446 -523            
                                     
Effect of FX Rates USD mil             0.066 -0.538 0.201 0.761 -0.316 ... ... ... ... ... ...
Net Change In Cash USD mil             60.4 -17.4 247 18.2 -11.7            
ratios                                  
Days Sales Outstanding days             22.7 20.2 21.2 21.7 21.4            
Days Sales Of Inventory days             7.59 7.88 8.72 9.65 9.34            
Days Payable Outstanding days             20.3 15.9 18.3 13.7 12.5            
Cash Conversion Cycle days             10.0 12.2 11.6 17.7 18.2            
Cash Earnings USD mil ...     ...     308 397 438 533 559            
Free Cash Flow USD mil             258 306 469 464 511            
Capital Expenditures (As % of Sales) %             2.98 3.25 2.03 2.15 2.16            
other ratios Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                   
Employees             14,100 14,500 13,100 14,400 13,500 ... ... ... ... ... ...
Operating Cost (As % of Sales) %             12.4 21.3 21.4 21.1 20.8 ... ... ... ... ... ...
Research & Development (As % of Sales) % ... ... ...       0 0 0 0 0 ... ... ... ... ... ...
Effective Tax Rate %             30.6 15.6 17.0 11.5 18.4           ...
Total Revenue Growth (5-year average) % ... ... ... ... ...   10.7 13.8 12.7 13.2 12.0            
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... 10.2            
valuation Unit 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
                                   
Market Capitalisation USD mil ... ... ... ... ... ... 9,011 10,833 12,255 15,200 21,270            
Enterprise Value (EV) USD mil ... ... ... ... ... ... 12,121 14,330 16,402 19,374 26,399            
Number Of Shares mil ... ... ... ... ... ... 47.7 43.3 41.9 39.6 37.7            
Share Price USD ... ... ... ... ... ... 189 250 292 383 564            
EV/EBITDA ... ... ... ... ... ... 21.4 22.9 22.4 23.2 29.4            
Price/Earnings (P/E) ... ... ... ... ... ... 32.4 29.9 30.6 30.9 41.7            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... 29.3 27.3 28.0 28.5 38.0            
P/FCF ... ... ... ... ... ... 35.0 35.4 26.1 32.8 41.6            
Price/Book Value (P/BV) ... ... ... ... ... ... -3.29 -3.56 -3.59 -4.61 -5.05            
Dividend Yield % ... ... ... ... ... ... 0.974 0.880 0.889 0.814 0.666            
Free Cash Flow Yield % ... ... ... ... ... ... 2.86 2.82 3.83 3.05 2.40            
Earnings Per Share (EPS) USD ... ... ... ... ... ... 5.83 8.35 9.56 12.4 13.5            
Cash Earnings Per Share USD ... ... ... ... ... ... 6.45 9.16 10.4 13.5 14.8            
Free Cash Flow Per Share USD ... ... ... ... ... ... 5.40 7.06 11.2 11.7 13.6            
Book Value Per Share USD ... ... ... ... ... ... -57.4 -70.2 -81.5 -83.3 -112            
Dividend Per Share USD ... ... ... ... ... ... 1.84 2.20 2.60 3.12 3.76            
EV/Sales ... ... ... ... ... ... 4.35 4.17 4.53 4.71 6.06            
EV/EBIT ... ... ... ... ... ... 23.3 25.1 26.1 26.7 33.8            
EV/Free Cash Flow ... ... ... ... ... ... 47.1 46.8 35.0 41.8 51.6            
EV/Capital Employed ... ... ... ... ... ... 33.3 29.6 22.0 21.2 25.3            
Earnings Per Share Growth % ... ... ... ... ... ... ... 43.3 14.4 29.7 9.28            
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... 42.0 14.0 28.8 10.3            
Book Value Per Share Growth % ... ... ... ... ... ... ... 22.3 16.1 2.19 34.1            

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Domino's Pizza's Capital Expenditures fell 6.28% yoy to USD 94.2 mil in 2021

By Helgi Library - May 10, 2022

Domino's Pizza invested a total of USD 94.2 mil in 2021, up 6.28% compared to the previous year. Historically, between 2011 - 2021, the company's investments stood at a high of USD 112 mil in 2018 and a low of USD 18.3 mil in 2011. ...

Domino's Pizza's Share Price rose 47.2% yoy to USD 564 in 2021

By Helgi Library - May 10, 2022

Domino's Pizza stock traded at USD 564 per share at the end 2021 implying a market capitalization of USD 21,270 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company ...

Domino's Pizza's P/FCF rose 26.9% yoy to 41.6 in 2021

By Helgi Library - May 10, 2022

Domino's Pizza stock traded at USD 564 per share at the end 2021 translating into a market capitalization of USD 21,270 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the f...

Domino's Pizza's ROCE fell 11.8% yoy to 52.1% in 2021

By Helgi Library - May 10, 2022

Domino's Pizza made a net profit of USD 510 mil in 2021, up 3.9% compared to the previous year. Historically, between 2011 and 2021, the company's net profit reached a high of USD 510 mil in 2021 and a low of USD 105 mil in 2011. The result implies a...

Domino's Pizza's Net Margin fell 1.82% yoy to 11.7% in 2021

By Helgi Library - May 10, 2022

Domino's Pizza made a net profit of USD 510 mil with revenues of USD 4,357 mil in 2021, up by 3.90% and up by 5.83%, respectively, compared to the previous year. This translates into a net margin of 11.7%. Historically, between 2011 and 2021, t...

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Finance

Domino's Pizza has been growing its sales by 5.95% a year on average in the last 5 years. EBITDA has grown on average by 8.57% a year during that time to total of USD 1,296 mil in 2027, or 21.2% of sales. That’s compared to 20.3% average margin seen in last five years.

The company netted USD 698 mil in 2027 implying ROE of -24.7% and ROCE of 51.0%. Again, the average figures were -18.2% and 50.4%, respectively when looking at the previous 5 years.

Domino's Pizza’s net debt amounted to USD 5,062 mil at the end of 2027, or -193% of equity. When compared to EBITDA, net debt was 3.91x, down when compared to average of 4.48x seen in the last 5 years.

Valuation

Domino's Pizza stock traded at USD 336 per share at the end of 2027 resulting in a market capitalization of USD 12,654 mil. Over the previous five years, stock price grew by 0% or 0% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 13.7x and price to earnings (PE) of 18.1x as of 2027.