Domino’s Pizza’s Japanese Business Was Left Out in the Cold, but Long-Term Story Intact
Narrow-moat Domino’s Pizza felt the pinch of a mixed first-half result, but we see the firm’s issues as short term. We maintain our AUD 53 per share fair value estimate, with shares screening as undervalued at current prices.We’ve reduced our fiscal 2018 estimate of underlying net profit after tax, or NPAT, by 4% to AUD 131 million, mainly due to our expectations of 200-basis-point weaker same-store sales, or SSS, growth in ANZ, as well as 100-basis-point lower EBITDA margins and 20 fewer new s...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.