Institutional Sign In

Go

Papa John's Int.

Papa John's International's net profit rose 107% yoy to USD 120 mil in 2021

By Helgi Analytics - May 11, 2022

Papa John's International made a net profit of USD 120 mil with revenues of USD 2,068 mil in 2021, up by 107% and ...

Papa John's International - Workforce

By Helgi Analytics - May 11, 2022

Papa John's International employed 14,000 employees in 2021, down 16.2% compared to the previous year. Historically, be...

Papa John's International's price/earnings (P/E) rose 1,532% yoy to 1,102 in 2021

By Helgi Analytics - May 11, 2022

Papa John's International stock traded at USD 132 per share at the end 2021 translating into a market capitalization of USD 4,747 m...

Profit Statement 2019 2020 2021
Sales USD mil 1,619 1,813 2,068
Gross Profit USD mil 466 545 656
EBITDA USD mil 103 170 248
EBIT USD mil 24.5 90.3 168
Financing Cost USD mil 20.6 17.0 19.2
Pre-Tax Profit USD mil 5.05 75.4 151
Net Profit USD mil 4.87 57.9 120
Dividends USD mil 30.6 29.4 40.4
Balance Sheet 2019 2020 2021
Total Assets USD mil 731 873 886
Non-Current Assets USD mil 549 566 631
Current Assets USD mil 182 306 255
Working Capital USD mil 87.1 94.3 101
Shareholders' Equity USD mil -59.7 -8.56 -167
Liabilities USD mil 790 881 1,053
Total Debt USD mil 525 514 686
Net Debt USD mil 497 383 615
Ratios 2019 2020 2021
ROE % 4.28 -122 -4.64
ROCE % 0.880 8.93 17.2
Gross Margin % 28.8 30.0 31.7
EBITDA Margin % 6.39 9.35 12.0
EBIT Margin % 1.52 4.98 8.13
Net Margin % 0.301 3.19 5.80
Net Debt/EBITDA 4.81 2.26 2.48
Net Debt/Equity % -833 -4,477 -368
Cost of Financing % 3.59 3.28 3.20
Valuation 2019 2020 2021
Market Capitalisation USD mil 2,056 2,849 4,747
Enterprise Value (EV) USD mil 2,553 3,232 5,362
Number Of Shares mil 31.6 32.7 35.3
Share Price USD 62.9 86.4 132
EV/EBITDA 24.7 19.1 21.6
EV/Sales 1.58 1.78 2.59
Price/Earnings (P/E) -262 67.5 1,102
Price/Book Value (P/BV) -33.3 -330 -28.0
Dividend Yield % 1.43 1.04 0.870

Get all company financials in excel:

Download Sample   $19.99

overview Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
income statement                                                  
Sales USD mil ... ... ... ...                     1,637 1,714 1,783 1,573 1,619            
Gross Profit USD mil ... ... ... ...                     340 359 355 354 466            
EBIT USD mil ... ... ... ...                     136 165 151 30.4 24.5            
Net Profit USD mil ... ... ... ...                     75.7 103 102 1.65 4.87            
                                                     
ROE % ... ... ... ...                     95.6 299 -255 -0.832 4.28            
EBIT Margin % ... ... ... ...                     8.32 9.60 8.47 1.93 1.52            
Net Margin % ... ... ... ...                     4.62 6.00 5.74 0.105 0.301            
Employees ... ... ... ...                     22,350 23,100 22,400 18,000 16,500     ... ... ... ...
balance sheet                                                  
Total Assets USD mil ... ... ... ...                     494 513 556 571 731            
Non-Current Assets USD mil ... ... ... ...                     341 367 386 399 549            
Current Assets USD mil ... ... ... ...                     153 146 170 172 182            
                                                     
Shareholders' Equity USD mil ... ... ... ...                     50.6 18.3 -99.2 -297 -59.7            
Liabilities USD mil ... ... ... ...                     443 494 655 868 790            
Non-Current Liabilities USD mil ... ... ... ...                     311 366 522 703 583            
Current Liabilities USD mil ... ... ... ...                     133 128 133 165 208            
                                                     
Net Debt/EBITDA ... ... ... ...                     1.33 1.38 2.28 7.84 4.81            
Net Debt/Equity % ... ... ... ...                     463 1,557 -448 -203 -833            
Cost of Financing % ... ... ... ...                     2.34 ... ... 4.65 3.59     ... ... ... ...
cash flow                                                  
Total Cash From Operations USD mil ... ... ... ...                     160 150 135 72.8 61.7            
Total Cash From Investing USD mil ... ... ... ...                     -39.0 -46.3 -56.5 -38.8 -32.6            
Total Cash From Financing USD mil ... ... ... ...                     -120 -109 -72.1 -36.7 -34.6            
Net Change In Cash USD mil ... ... ... ...                     0.884 -5.44 6.78 -2.88 -5.35            
valuation                                                  
Market Capitalisation USD mil                             2,126 3,342 1,904 1,268 2,056            
Enterprise Value (EV) USD mil ... ... ... ...                     2,360 3,626 2,348 1,870 2,553            
Number Of Shares mil                             40.0 37.6 36.5 32.3 31.6            
Share Price USD                             50.9 81.0 52.9 38.8 62.9            
Price/Earnings (P/E)                             27.0 29.6 18.7 775 -262            
Price/Cash Earnings (P/CE) ... ... ... ...                     17.7 21.4 13.3 26.5 39.2            
EV/EBITDA ... ... ... ...                     13.4 17.6 12.1 24.4 24.7            
Price/Book Value (P/BV) ... ... ... ...                     40.3 167 -19.5 -4.22 -33.3            
Dividend Yield % ... ... ... ...                     1.24 0.926 1.61 2.32 1.43            
income statement Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
income statement                                                  
Sales USD mil ... ... ... ...                     1,637 1,714 1,783 1,573 1,619            
Cost of Goods & Services USD mil ... ... ... ...                     1,297 1,355 1,429 1,220 1,153            
Gross Profit USD mil ... ... ... ...                     340 359 355 354 466            
Selling, General & Admin USD mil ... ... ... ...                     164 235 230 253 278     ... ... ... ...
Research & Development USD mil ... ... ... ... ... ... ... ...             0 0 0 0 0     ... ... ... ...
Other Operating Expense USD mil ... ... ... ... ... ... ... ...             0 -81.1 -70.6 23.5 117     ... ... ... ...
Staff Cost USD mil ... ... ... ...                     ... ... ... ... ... ... ... ... ... ... ...
Other Operating Cost (Income) USD mil ... ... ... ... ... ... ... ...             0 0 0 0 0     ... ... ... ...
EBITDA USD mil ... ... ... ...                     177 206 195 76.8 103            
Depreciation USD mil ... ... ... ...                     39.7 39.7 42.6 45.6 45.9            
EBIT USD mil ... ... ... ...                     136 165 151 30.4 24.5            
Net Financing Cost USD mil ... ... ... ...       ...             5.68 7.40 11.3 25.3 20.6            
Financing Cost USD mil ... ... ... ...                     5.68 ... ... 25.3 20.6     ... ... ... ...
Financing Income USD mil ... ... ... ...     ... ...           ... 0 ... ... 0 0     ... ... ... ...
FX (Gain) Loss USD mil ... ... ... ...                     0 0 0 0 0     ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ... ... ... ... ... ... ...             ... ... ... ... ... ... ... ... ... ... ...
Extraordinary Cost USD mil ... ... ... ...                     0 0 0 0 0     ... ... ... ...
Pre-Tax Profit USD mil ... ... ... ...                     119 159 140 5.89 5.05            
Tax USD mil ... ... ... ...                     37.2 49.7 33.8 2.65 -0.611     ... ... ... ...
Minorities USD mil ... ... ... ...     ... ...             6.28 6.27 4.23 1.60 0.791     ... ... ... ...
Net Profit USD mil ... ... ... ...                     75.7 103 102 1.65 4.87            
Net Profit Avail. to Common USD mil ... ... ... ...                     75.4 103 103 1.65 -7.63            
Dividends USD mil ... ... ... ...                     24.7 27.8 30.6 28.8 30.6            
growth rates                                                  
Total Revenue Growth % ... ... ... ... ...                   2.45 4.66 4.07 -11.8 2.92            
Operating Cost Growth % ... ... ... ... ...                   -74.9 -4.59 4.60 58.8 36.6     ... ... ... ...
Staff Cost Growth % ... ... ... ... ...                   ... ... ... ... ... ... ... ... ... ... ...
EBITDA Growth % ... ... ... ... ...                   12.1 16.4 -5.27 -60.6 34.7            
EBIT Growth % ... ... ... ... ...                   15.9 20.7 -8.21 -79.9 -19.2            
Pre-Tax Profit Growth % ... ... ... ... ...                   4.28 33.3 -11.6 -95.8 -14.3            
Net Profit Growth % ... ... ... ... ...                   3.50 36.5 0.312 -98.4 -564            
ratios                                                  
ROE % ... ... ... ...                     95.6 299 -255 -0.832 4.28            
ROA % ... ... ... ...                     15.2 20.4 19.2 0.292 0.748            
ROCE % ... ... ... ...                     19.0 25.6 23.6 0.357 0.880            
Gross Margin % ... ... ... ...                     20.8 21.0 19.9 22.5 28.8            
EBITDA Margin % ... ... ... ...                     10.8 12.0 10.9 4.88 6.39            
EBIT Margin % ... ... ... ...                     8.32 9.60 8.47 1.93 1.52            
Net Margin % ... ... ... ...                     4.62 6.00 5.74 0.105 0.301            
Payout Ratio % ... ... ... ...                     32.7 27.0 29.9 1,750 629            
Cost of Financing % ... ... ... ...                     2.34 ... ... 4.65 3.59     ... ... ... ...
Net Debt/EBITDA ... ... ... ...                     1.33 1.38 2.28 7.84 4.81            
balance sheet Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
balance sheet                                                  
Cash & Cash Equivalents USD mil ... ... ... ... ... ... ... ...             21.0 15.6 22.3 19.5 27.9            
Receivables USD mil ... ... ... ...                     71.0 63.0 68.9 73.3 88.7            
Unbilled Revenues USD mil ... ... ... ... ... ... ... ... ... ... ... ... ...   0 0 0 0 0            
Inventories USD mil ... ... ... ...                     21.6 25.1 30.6 27.2 27.5            
Other ST Assets USD mil ... ... ... ...                     39.0 41.9 48.1 51.8 37.4            
Current Assets USD mil ... ... ... ...                     153 146 170 172 182            
Property, Plant & Equipment USD mil ... ... ... ...                     214 230 234 227 369            
LT Investments & Receivables USD mil ... ... ... ...                     11.1 10.1 15.6 23.3 33.0            
Intangible Assets USD mil ... ... ... ...                     79.7 85.5 86.9 84.5 80.3            
Goodwill USD mil ... ... ... ...                     79.7 85.5 86.9 84.5 80.3            
Non-Current Assets USD mil ... ... ... ...                     341 367 386 399 549            
Total Assets USD mil ... ... ... ...                     494 513 556 571 731            
                                                     
Trade Payables USD mil ... ... ... ...                     43.5 42.7 32.0 29.9 29.1            
Short-Term Debt USD mil ... ... ... ...                     0 0 20.0 20.0 45.0            
Other ST Liabilities USD mil ... ... ... ...                     0 0 0 2.44 5.62            
Current Liabilities USD mil ... ... ... ...                     133 128 133 165 208            
Long-Term Debt USD mil ... ... ... ...                     255 300 447 601 480            
Other LT Liabilities USD mil ... ... ... ...                     55.4 66.5 75.3 102 102            
Non-Current Liabilities USD mil ... ... ... ...                     311 366 522 703 583            
Liabilities USD mil ... ... ... ...                     443 494 655 868 790            
Preferred Equity and Hybrid Capital USD mil ... ... ... ...   ...                 0 0 0 0 251            
Share Capital USD mil ... ... ... ...                     159 173 185 193 219            
Treasury Stock USD mil ... ... ... ...                     272 390 597 752 747            
Equity Before Minority Interest USD mil ... ... ... ...                     29.2 -3.91 -122 -317 -81.2            
Minority Interest USD mil ... ... ... ...   ...                 21.4 22.2 22.5 20.7 21.5            
Equity USD mil ... ... ... ...                     50.6 18.3 -99.2 -297 -59.7            
growth rates                                                  
Total Asset Growth % ... ... ... ... ...                   -2.08 3.75 8.39 2.77 28.0            
Shareholders' Equity Growth % ... ... ... ... ...                   -52.9 -63.9 -643 199 -79.9            
Net Debt Growth % ... ... ... ... ...                   11.3 21.4 56.3 35.4 -17.3            
Total Debt Growth % ... ... ... ... ...                   10.7 17.5 55.6 33.1 -15.4            
ratios                                                  
Total Debt USD mil ... ... ... ...                     255 300 467 621 525            
Net Debt USD mil ... ... ... ...                     234 284 444 602 497            
Working Capital USD mil ... ... ... ...                     49.1 45.4 67.5 70.6 87.1            
Capital Employed USD mil ... ... ... ...                     391 412 453 470 636            
Net Debt/Equity % ... ... ... ...                     463 1,557 -448 -203 -833            
Current Ratio ... ... ... ...                     1.15 1.14 1.28 1.04 0.873            
Quick Ratio ... ... ... ... ... ... ... ...             0.692 0.614 0.687 0.563 0.561            
cash flow Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
cash flow                                                  
Net Profit USD mil ... ... ... ...                     75.7 103 102 1.65 4.87            
Depreciation USD mil ... ... ... ...                     39.7 39.7 42.6 45.6 45.9            
Non-Cash Items USD mil ... ... ... ...                     16.0 16.5 18.8 25.2 10.9            
Change in Working Capital USD mil ... ... ... ...                     28.3 -10.1 -29.8 -0.414 -1.31            
Total Cash From Operations USD mil ... ... ... ...                     160 150 135 72.8 61.7            
                                                     
Capital Expenditures USD mil ... ... ... ... ... ... ... ...             -39.0 -55.6 -52.6 -42.0 -37.7            
Net Change in LT Investment USD mil ... ... ... ...       ...             0 0 0 0 0     ... ... ... ...
Net Cash From Acquisitions USD mil ... ... ... ... ... ... ... ...             -0.922 3.49 -0.021 7.71 13.5     ... ... ... ...
Other Investing Activities USD mil ... ... ... ...                     0.942 5.79 -3.88 -4.48 -8.36            
Total Cash From Investing USD mil ... ... ... ...                     -39.0 -46.3 -56.5 -38.8 -32.6            
                                                     
Dividends Paid USD mil ... ... ... ...                     -24.8 -27.9 -30.7 -29.0 -38.6            
Issuance Of Shares USD mil ... ... ... ...                     -104 -115 -203 -155 261            
Issuance Of Debt USD mil ... ... ... ...                     25.5 44.6 169 155 -255            
Other Financing Activities USD mil ... ... ... ...                     -16.4 -10.4 -7.44 -7.35 -1.99     ... ... ... ...
Total Cash From Financing USD mil ... ... ... ...                     -120 -109 -72.1 -36.7 -34.6            
                                                     
Effect of FX Rates USD mil ... ... ... ... ... ... ... ...             -0.349 -0.396 0.365 -0.191 0.053     ... ... ... ...
Net Change In Cash USD mil ... ... ... ...                     0.884 -5.44 6.78 -2.88 -5.35            
ratios                                                  
Days Sales Outstanding days ... ... ... ...                     15.8 13.4 14.1 17.0 20.0            
Days Sales Of Inventory days ... ... ... ...                     6.07 6.77 7.82 8.14 8.71            
Days Payable Outstanding days ... ... ... ...                     12.2 11.5 8.18 8.95 9.22            
Cash Conversion Cycle days ... ... ... ...                     9.65 8.69 13.7 16.2 19.5            
Cash Earnings USD mil ... ... ... ...                     115 143 145 47.2 50.8            
Free Cash Flow USD mil ... ... ... ...                     121 104 78.5 34.0 29.2            
Capital Expenditures (As % of Sales) % ... ... ... ... ... ... ... ...             2.38 3.24 2.95 2.67 2.33            
other ratios Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
                                                   
Employees ... ... ... ...                     22,350 23,100 22,400 18,000 16,500     ... ... ... ...
Cost Per Employee USD per month ... ... ... ...                     ... ... ... ... ... ... ... ... ... ... ...
Cost Per Employee (Local Currency) USD per month ... ... ... ...                     ... ... ... ... ... ... ... ... ... ... ...
Operating Cost (As % of Sales) % ... ... ... ...                     12.5 11.4 11.4 20.5 27.3     ... ... ... ...
Research & Development (As % of Sales) % ... ... ... ... ... ... ... ...             0 0 0 0 0     ... ... ... ...
Staff Cost (As % of Sales) % ... ... ... ...                     ... ... ... ... ... ... ... ... ... ... ...
Effective Tax Rate % ... ... ... ...                     31.2 31.3 24.1 44.9 -12.1     ... ... ... ...
Total Revenue Growth (5-year average) % ... ... ... ... ... ... ... ... ...           7.77 7.07 5.84 1.80 0.263            
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 5.39 5.52 5.30 3.35 4.15            
valuation Unit 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
                                                   
Market Capitalisation USD mil                             2,126 3,342 1,904 1,268 2,056            
Enterprise Value (EV) USD mil ... ... ... ...                     2,360 3,626 2,348 1,870 2,553            
Number Of Shares mil                             40.0 37.6 36.5 32.3 31.6            
Share Price USD                             50.9 81.0 52.9 38.8 62.9            
EV/EBITDA ... ... ... ...                     13.4 17.6 12.1 24.4 24.7            
Price/Earnings (P/E)                             27.0 29.6 18.7 775 -262            
Price/Cash Earnings (P/CE) ... ... ... ...                     17.7 21.4 13.3 26.5 39.2            
P/FCF ... ... ... ...                     16.8 29.3 24.6 36.8 68.2            
Price/Book Value (P/BV) ... ... ... ...                     40.3 167 -19.5 -4.22 -33.3            
Dividend Yield % ... ... ... ...                     1.24 0.926 1.61 2.32 1.43            
Free Cash Flow Yield % ... ... ... ...                     5.71 3.11 4.12 2.68 1.42            
Earnings Per Share (EPS) USD                             1.89 2.74 2.83 0.050 -0.240            
Cash Earnings Per Share USD ... ... ... ...                     2.88 3.79 3.97 1.46 1.60            
Free Cash Flow Per Share USD ... ... ... ...                     3.03 2.76 2.15 1.05 0.922            
Book Value Per Share USD ... ... ... ...                     1.26 0.486 -2.72 -9.19 -1.89            
Dividend Per Share USD ... ... ... ...                     0.630 0.750 0.850 0.900 0.900            
EV/Sales ... ... ... ...                     1.44 2.12 1.32 1.19 1.58            
EV/EBIT ... ... ... ...                     17.3 22.0 15.5 61.6 104            
EV/Free Cash Flow ... ... ... ...                     19.5 34.9 29.9 55.0 87.5            
EV/Capital Employed ... ... ... ...                     6.04 8.79 5.18 3.98 4.01            
Earnings Per Share Growth % ...                           8.00 45.0 3.28 -98.2 -580            
Cash Earnings Per Share Growth % ... ... ... ... ...                   7.05 31.4 4.69 -63.1 9.72            
Book Value Per Share Growth % ... ... ... ... ...                   -50.8 -61.6 -659 238 -79.4            

Get all company financials in excel:

Download Sample   $19.99

Papa John's International's Share Price rose 53.0% yoy to USD 132 in 2021

By Helgi Analytics - May 11, 2022

Papa John's International stock traded at USD 132 per share at the end 2021 implying a market capitalization of USD 4,747 mil. Since the end of 2016, stock has appreciated by 63.2% implying an annual average growth of 10.3% In absolute terms, the value of t...

Papa John's International's ROCE rose 93.0% yoy to 17.2% in 2021

By Helgi Analytics - May 11, 2022

Papa John's International made a net profit of USD 120 mil in 2021, up 107% compared to the previous year. Historically, between 2005 and 2021, the company's net profit reached a high of USD 120 mil in 2021 and a low of USD 1.65 mil in 2018. The resu...

Papa John's International's Capital Expenditures fell 92.3% yoy to USD 68.6 mil in 2021

By Helgi Analytics - May 11, 2022

Papa John's International invested a total of USD 68.6 mil in 2021, up 92.3% compared to the previous year. Historically, between 2009 - 2021, the company's investments stood at a high of USD 68.6 mil in 2021 and a low of USD 29.3 mil i...

Papa John's International's Net Margin rose 81.6% yoy to 5.80% in 2021

By Helgi Analytics - May 11, 2022

Papa John's International made a net profit of USD 120 mil with revenues of USD 2,068 mil in 2021, up by 107% and up by 14.1%, respectively, compared to the previous year. This translates into a net margin of 5.80%. Historically, between 2005 and 2...

Papa John's International's P/FCF rose 98.2% yoy to 38.6 in 2021

By Helgi Analytics - May 11, 2022

Papa John's International stock traded at USD 132 per share at the end 2021 translating into a market capitalization of USD 4,747 mil. Since the end of 2016, the stock has appreciated by 63.2% representing an annual average growth of 10.3%. At the e...

Papa John's International's Net Debt/EBITDA rose 9.63% yoy to 2.48 in 2021

By Helgi Analytics - May 11, 2022

Papa John's International's net debt stood at USD 615 mil and accounted for -368% of equity at the end of 2021. The ratio is up 4,108 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 1,557% in 2016 ...

More News

Papa John's Int. Logo

Finance

Papa John's Int. has been growing its sales by 6.84% a year on average in the last 5 years. EBITDA has grown on average by 11.8% a year during that time to total of USD 296 mil in 2025, or 11.7% of sales. That’s compared to 11.4% average margin seen in last five years.

The company netted USD 180 mil in 2025 implying ROE of -169% and ROCE of 22.7%. Again, the average figures were -73.1% and 18.9%, respectively when looking at the previous 5 years.

Papa John's Int.’s net debt amounted to USD 619 mil at the end of 2025, or -1,251% of equity. When compared to EBITDA, net debt was 2.09x, down when compared to average of 2.33x seen in the last 5 years.

Valuation

Papa John's Int. stock traded at USD 86.1 per share at the end of 2025 resulting in a market capitalization of USD 3,041 mil. Over the previous five years, stock price fell by 0.423% or -0.085% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 12.4x and price to earnings (PE) of 16.9x as of 2025.