Domino’s Pizza's Strong Growth Underpinned by Competitive Advantages; FVE Lifted to AUD 60
We have reviewed our modelling assumption for narrow moat-rated Domino’s Pizza Enterprises following a change in analyst. Our fair value estimate has increased to AUD 60 per share from AUD 58 per share. Shares in Domino's are trading broadly in line with our intrinsic assessment, offering a dividend yield of 1.7%.Domino’s is the leader in the Australian and New Zealand pizza market with 35% share, and enjoys a strong brand internationally. We maintain our narrow moat rating on Domino’s, stemmin...
Domino's Pizza is engaged in the operation of retail food outlets and the operation of franchise services. Co. operates in Australia, New Zealand, France, Belgium, The Netherlands, Germany and Japan. Co.'s reportable segments are focused on the geographical location in which it operates in: Australia/New Zealand, Europe, and Japan. As of Jul 3 2016, Co.'s total network store count was 714 in Australia and New Zealand, 816 in Europe and 453 in Japan.
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