Papa Johns International Inc

Consumer Discretionary
Restaurants
www.papajohns.com

Earnings Score
Safety Score

Market Cap $1.10B
Debt $746.73M
Cash $37.96M
EV $1.81B
FCF $34.15M

Earnings

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Sales & Net Margins

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Earnings	$83.32M
EBIT	$156.70M
ROA	18%
FCF	$34.15M
Equity	-$414.22M
Growth Stability	-11%
PE	13.23
PEG	0.21
PB	-2.66
P/FCF	32.29
P/S	0.54
Price/Cash	0.03
Debt/Equity	-1.8
Debt/FCF	21.87
Net Margins	4%
Gross Margins	28%
Op. Margins	8%
Earnings CAGR	0%
Sales Growth YoY	-7%
Sales Growth QoQ	5%
Sales CAGR	4%
FCF CAGR	-2%
Equity CAGR	-0%
Earnings Stability	0
Earnings Growth YoY	-44%

Earnings Growth QoQ	-65%
Earnings CAGR 5Y	63%
Sales CAGR 5Y	5%
FCF CAGR 5Y	-15%
Earnings CAGR 3Y	-0%
Sales CAGR 3Y	-0%
FCF CAGR 3Y	10%
Market Cap	$1.10B
Revenue	$2.06B
Dividend Yield	5%
Payout Ratio	73%
Assets	$888.95M
Total Debt	$746.73M
Cash	$37.96M
Shares Outstanding	32.6M
EV	1.81B
Earnings Score	6%
Safety Score	15%
Working Capital	-47.36M
Current Ratio	0.83
Gross Profit	$580.96M
Shares Growth 3y	-3%
Equity Growth QoQ	-0%
Equity Growth YoY	-7%

Assets & ROA

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Stockholders Equity & ROE

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Papa John's International Inc operates or franchises thousands of pizza delivery and carryout restaurants globally. North American franchisees operate more than half the company's total restaurants and pay a 5% royalty on sales to the company. In the United States, franchisees can purchase all necessary ingredients through the company's Quality Control Center segment. Outside the United States, franchisees or other third parties operate most Quality Control Centers to sell ingredients to restaurants. The company operates in four segments: Domestic Company-owned restaurants, North America franchising, North America commissaries, and International. Company owned restaurant sales and North America commissary revenue contribute the most to the company sales.

SEC Filings

Direct access to Papa Johns International Inc (PZZA) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 29
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 24
- 10-Q Jun 25
- 10-Q Mar 26
2022
- 10-K Dec 25
- 10-Q Sep 25
- 10-Q Jun 26
- 10-Q Mar 27

Sector Comparison

How does Papa Johns International Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Papa Johns International Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability 0%

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Papa Johns International Inc Discounted Cash Flow

Fully customizable DCF calculator online for Papa Johns International Inc.

Years

Calculation mode

= $297M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$34M	$33M	$33M	$32M	$31M	$31M	$30M	$29M	$29M	$28M	$28M	$276M
DCF		$30M	$27M	$24M	$21M	$19M	$17M	$15M	$13M	$12M	$11M	$106M
Value	$297M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	6%	6%	0%	-0%	2%	0%	3%	4%	4%	4%
ROA	-	32%	27%	5%	3%	10%	19%	13%	17%	18%	18%
ROE	-	1K%	-97%	-1%	2%	-16%	-2%	-25%	-19%	-20%	-

Bad Net Margins (4.05%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	3.17	5.95	20.96	16.22	2.45	4.22	15.35	6.56	21.87	21.87
Debt over Equity	6.07	30.67	-4.62	-2.13	-1.23	-1.39	-2.84	-2.24	-1.72	-1.8	-1.8
Growth Stability	-	-	-	2%	-11%	100%	34%	100%	100%	100%	-11%

Bad Debt/FCF ratio (21.87)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (-1.8)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-11%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	5%	4%	-12%	3%	12%	14%	2%	2%	-4%	5%
Earnings YoY growth	-	36%	-1%	-98%	-564%	-647%	-90%	2K%	22%	1%	63%
Equity YoY growth	-	-77%	-1K%	185%	5%	-16%	-35%	57%	64%	-7%	-
FCF YoY growth	-	-28%	-13%	-63%	-22%	527%	-23%	-66%	195%	-71%	-15%