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Papa John's International

DB:PP1
Snowflake Description

Moderate growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PP1
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Papa John's International has significant price volatility in the past 3 months.
PP1 Share Price and Events
7 Day Returns
7.4%
DB:PP1
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
12.9%
DB:PP1
-48.1%
DE Hospitality
-20.9%
DE Market
PP1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Papa John's International (PP1) 7.4% 1% -10.6% 12.9% -33.2% -9%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • PP1 outperformed the Hospitality industry which returned -48.1% over the past year.
  • PP1 outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
PP1
Industry
5yr Volatility vs Market

PP1 Value

 Is Papa John's International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Papa John's International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Papa John's International.

DB:PP1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PP1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (30.94%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.982 * 5.44%)
4.95%

Discounted Cash Flow Calculation for DB:PP1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Papa John's International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PP1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.95%)
2020 48.35 Analyst x2 46.07
2021 72.06 Analyst x4 65.42
2022 73.90 Analyst x2 63.92
2023 77.60 Analyst x2 63.96
2024 68.00 Analyst x1 53.40
2025 67.36 Est @ -0.93% 50.41
2026 66.85 Est @ -0.77% 47.66
2027 66.41 Est @ -0.66% 45.11
2028 66.02 Est @ -0.58% 42.73
2029 65.68 Est @ -0.52% 40.51
Present value of next 10 years cash flows $519.00
DB:PP1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $65.68 × (1 + -0.39%) ÷ (4.95% – -0.39%)
$1,224.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,224.64 ÷ (1 + 4.95%)10
$755.25
DB:PP1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $519.00 + $755.25
$1,274.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,274.25 / 32.28
$39.47
DB:PP1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PP1 represents 0.96044x of NasdaqGS:PZZA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96044x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 39.47 x 0.96044
€37.91
Value per share (EUR) From above. €37.91
Current discount Discount to share price of €50.50
= -1 x (€50.50 - €37.91) / €37.91
-33.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Papa John's International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Papa John's International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Papa John's International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PP1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-29) in USD $-0.24
NasdaqGS:PZZA Share Price ** NasdaqGS (2020-04-03) in USD $52.58
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Papa John's International.

DB:PP1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PZZA Share Price ÷ EPS (both in USD)

= 52.58 ÷ -0.24

-217.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Papa John's International is loss making, we can't compare its value to the DE Hospitality industry average.
  • Papa John's International is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Papa John's International's expected growth come at a high price?
Raw Data
DB:PP1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -217.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
95.3%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Papa John's International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Papa John's International's assets?
Raw Data
DB:PP1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-29) in USD $-10.42
NasdaqGS:PZZA Share Price * NasdaqGS (2020-04-03) in USD $52.58
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:PP1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PZZA Share Price ÷ Book Value per Share (both in USD)

= 52.58 ÷ -10.42

-5.05x

* Primary Listing of Papa John's International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Papa John's International has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Papa John's International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Papa John's International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PP1 Future Performance

 How is Papa John's International expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
95.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Papa John's International expected to grow at an attractive rate?
  • Papa John's International's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Papa John's International's earnings growth is expected to exceed the Germany market average.
  • Papa John's International's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PP1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PP1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 95.3%
DB:PP1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.3%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PP1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PP1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31 1,882 133 1
2022-12-31 1,787 127 3
2021-12-31 1,717 120 55 11
2020-12-31 1,653 93 31 9
2020-04-05
2019-12-31 1,609 59 -11 11
DB:PP1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-29 1,619 62 -8
2019-09-29 1,510 18 -16
2019-06-30 1,491 32 -26
2019-03-31 1,522 50 -20
2018-12-30 1,663 92 2
2018-09-30 1,733 125 44
2018-07-01 1,779 131 79
2018-04-01 1,784 124 92
2017-12-31 1,783 135 103
2017-09-24 1,755 144 108
2017-06-25 1,746 149 107
2017-03-26 1,734 164 106

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Papa John's International's earnings are expected to grow significantly at over 20% yearly.
  • Papa John's International's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PP1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Papa John's International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PP1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.11 2.11 2.11 1.00
2021-12-31 1.74 2.01 1.35 6.00
2020-12-31 1.06 1.67 0.30 6.00
2020-04-05
2019-12-31 -0.13 0.29 -0.35 3.00
DB:PP1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-29 -0.24
2019-09-29 -0.49
2019-06-30 -0.82
2019-03-31 -0.62
2018-12-30 0.08
2018-09-30 1.33
2018-07-01 2.32
2018-04-01 2.61
2017-12-31 2.86
2017-09-24 2.94
2017-06-25 2.90
2017-03-26 2.85

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Papa John's International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Papa John's International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Papa John's International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PP1 Past Performance

  How has Papa John's International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Papa John's International's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Papa John's International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Papa John's International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Papa John's International's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Papa John's International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Papa John's International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PP1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-29 1,619.25 -7.63 182.14
2019-09-29 1,509.75 -15.57 153.73
2019-06-30 1,491.27 -25.78 149.19
2019-03-31 1,521.60 -19.52 142.34
2018-12-30 1,662.87 2.47 158.22
2018-09-30 1,732.91 43.59 158.18
2018-07-01 1,779.39 78.85 153.17
2018-04-01 1,784.22 91.83 154.45
2017-12-31 1,783.36 103.29 150.87
2017-09-24 1,755.37 107.62 152.81
2017-06-25 1,746.11 106.88 157.60
2017-03-26 1,734.29 105.51 159.98
2016-12-25 1,713.62 102.97 158.14
2016-09-25 1,690.82 94.71 162.59
2016-06-26 1,657.66 91.43 159.70
2016-03-27 1,633.69 79.51 160.12
2015-12-27 1,637.38 75.42 163.63
2015-09-27 1,646.07 72.07 163.61
2015-06-28 1,647.18 70.08 162.06
2015-03-29 1,629.06 75.91 154.54
2014-12-28 1,598.15 72.87 147.81
2014-09-28 1,560.53 69.52 148.93
2014-06-29 1,516.47 67.84 145.86
2014-03-30 1,484.80 68.36 145.06
2013-12-29 1,439.02 68.50 141.40
2013-09-29 1,418.42 68.09 140.23
2013-06-30 1,397.59 66.85 138.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Papa John's International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Papa John's International used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if Papa John's International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Papa John's International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Papa John's International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PP1 Health

 How is Papa John's International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Papa John's International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Papa John's International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Papa John's International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Papa John's International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Papa John's International has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Papa John's International Company Filings, last reported 3 months ago.

DB:PP1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-29 -59.74 367.29 27.91
2019-09-29 -69.44 375.12 28.37
2019-06-30 -60.56 380.99 30.66
2019-03-31 -56.61 376.42 29.27
2018-12-30 -298.55 621.14 33.26
2018-09-30 -268.74 575.76 24.88
2018-07-01 -243.03 576.39 25.72
2018-04-01 -242.20 588.77 31.94
2017-12-31 -99.22 466.57 22.35
2017-09-24 -39.38 398.55 39.54
2017-06-25 31.60 305.15 22.25
2017-03-26 31.27 294.33 22.72
2016-12-25 18.26 299.82 15.56
2016-09-25 -2.79 311.57 19.11
2016-06-26 -9.29 316.48 15.27
2016-03-27 3.19 316.72 17.27
2015-12-27 50.57 255.15 21.01
2015-09-27 69.59 239.00 24.44
2015-06-28 85.16 235.02 22.45
2015-03-29 102.10 232.47 23.52
2014-12-28 107.27 230.45 20.12
2014-09-28 112.85 224.76 17.15
2014-06-29 128.14 210.58 19.97
2014-03-30 137.49 177.30 14.39
2013-12-29 155.99 157.90 13.67
2013-09-29 187.14 120.47 13.69
2013-06-30 185.80 133.27 28.24
  • Papa John's International has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Papa John's International's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (16.8%, less than 20% of total debt).
  • Papa John's International is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Papa John's International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Papa John's International has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PP1 Dividends

 What is Papa John's International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.71%
Current annual income from Papa John's International dividends. Estimated to be 1.73% next year.
If you bought €2,000 of Papa John's International shares you are expected to receive €34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Papa John's International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Papa John's International's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PP1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PP1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 1.08 1.00
2022-12-31 0.92 3.00
2021-12-31 0.89 6.00
2020-12-31 0.89 6.00
2020-04-05
2019-12-31 0.90 6.00
DB:PP1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-29 0.900 1.588
2019-10-30 0.900 1.444
2019-07-31 0.900 1.806
2019-05-01 0.900 1.896
2019-01-30 0.900 1.934
2018-11-01 0.900 1.937
2018-08-01 0.900 1.909
2018-05-02 0.900 1.754
2018-01-31 0.900 1.505
2017-10-27 0.900 1.506
2017-07-27 0.900 1.225
2017-04-27 0.800 1.030
2017-01-26 0.800 1.004
2016-10-26 0.800 0.946
2016-07-28 0.800 1.042
2016-04-29 0.700 1.079
2016-01-27 0.700 1.291
2015-10-30 0.700 1.268
2015-07-31 0.700 1.003
2015-04-29 0.560 0.789
2015-01-28 0.560 0.896
2014-10-30 0.560 1.026
2014-08-01 0.560 1.372
2014-04-29 0.500 1.174
2014-01-30 0.500 1.007
2013-10-29 0.500 1.159
2013-08-06 0.500 1.419

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Papa John's International has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Papa John's International only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Papa John's International's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Papa John's International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Papa John's International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Papa John's International has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PP1 Management

 What is the CEO of Papa John's International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Lynch
COMPENSATION $7,301,499
AGE 42
TENURE AS CEO 0.7 years
CEO Bio

Mr. Robert M. Lynch, also known as Rob, serves as President and Chief Executive Officer of Papa John's International, Inc. since August 27, 2019 and also serves as its Director since 2019. Mr. Lynch had been President of Arby's Restaurant Group, Inc. since August 24, 2017. He was the Vice President of Asset Management at Steven Charles Capital, Ltd. Mr. Lynch served as the Chief Marketing Officer and Brand President of Arby's Restaurant Group, Inc. from joining on October 01, 2013 to August 24, 2017. He led all R&D, product innovation, brand marketing and positioning, advertising and media for the Arby's brand. He focused on building collaborative relationships with franchisees, team members and other key stakeholders to continue the revitalization of Arby's iconic brand and deliver top and bottom line growth. Mr. Lynch has a long track record of building brands and delivering business results at companies like Procter & Gamble, The HJ Heinz Company and at Yum! Brands, where he served as the Vice President of Brand Marketing at Taco Bell. He was at Procter & Gamble, where he spent the first four years of his career as a Brand Manager on the crest portfolio. For two years, Mr. Lynch was managing the P&G healthcare business at Wal-Mart. Mr. Lynch joined Arby's from Taco Bell where he led the development and delivery of the innovation pipeline and brand marketing efforts. At Heinz, Mr. Lynch led the marketing efforts on Ore-Ida, Heinz's largest retail brand. Mr. Lynch's has great products, passionate team members, dedicated franchisees and an iconic brand. He created the “We Have the Meats” campaign. Mr. Lynch has also held leadership positions and has experience in QSR and consumer packaged goods. Mr. Lynch was named the 2017 Outstanding Marketer of the Year by PRWeek, the 2017 Content Marketer of the Year by Digiday, and a 2015 Marketer of the Year by AdAge. He has undergraduate degrees in both Economics and Political Science from the University of Rochester and an M.B.A. from the Simon School of Business.

CEO Compensation
  • Insufficient data for Rob to compare compensation growth.
  • Rob's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Papa John's International management team in years:

1
Average Tenure
43
Average Age
  • The average tenure for the Papa John's International management team is less than 2 years, this suggests a new team.
Management Team

Rob Lynch

TITLE
President
COMPENSATION
$7M
AGE
42
TENURE
0.7 yrs

Caroline Oyler

TITLE
Chief Legal & Risk Officer
COMPENSATION
$935K
AGE
53
TENURE
7.4 yrs

Max Wetzel

TITLE
Chief Commercial & Marketing Officer
COMPENSATION
$900K
AGE
42
TENURE
0.4 yrs

Marvin Boakye

TITLE
Chief People and Diversity Officer
COMPENSATION
$847K
AGE
45
TENURE
1.3 yrs

Steve Ritchie

TITLE
Consultant
COMPENSATION
$4M
AGE
44
TENURE
0.6 yrs

Steve Coke

TITLE
Interim Principal Financial & Accounting Officer and VP of Investor Relations & Strategy Planning
COMPENSATION
$701K
AGE
40
TENURE
0.1 yrs

Justin Falciola

TITLE
Chief Insights and Technology Officer
TENURE
1.5 yrs

Madeline Chadwick

TITLE
Senior Vice president of Communications & Corporate Affairs
TENURE
0.4 yrs

Edmond Heelan

TITLE
Senior Vice President of North American Operations and Global Operations Support & Training
TENURE
4.6 yrs

Sean Muldoon

TITLE
Chief Ingredient Officer
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Papa John's International board of directors in years:

1.2
Average Tenure
47
Average Age
  • The average tenure for the Papa John's International board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Smith

TITLE
Independent Chairman of the Board
COMPENSATION
$383K
AGE
47
TENURE
1.2 yrs

Rob Lynch

TITLE
President
COMPENSATION
$7M
AGE
42
TENURE
1.3 yrs

Christopher Coleman

TITLE
Independent Director
COMPENSATION
$282K
AGE
50
TENURE
7.5 yrs

Laurette Koellner

TITLE
Independent Director
COMPENSATION
$287K
AGE
64
TENURE
5.8 yrs

Anthony Sanfilippo

TITLE
Independent Director
COMPENSATION
$268K
AGE
61
TENURE
1.2 yrs

Olivia Kirtley

TITLE
Independent Director
COMPENSATION
$276K
AGE
68
TENURE
16.9 yrs

Sonya Medina

TITLE
Independent Director
COMPENSATION
$267K
AGE
43
TENURE
4.6 yrs

Jocelyn Mangan

TITLE
Independent Director
COMPENSATION
$198K
AGE
47
TENURE
1.1 yrs

Michael Dubin

TITLE
Independent Director
COMPENSATION
$192K
AGE
40
TENURE
1.1 yrs

Shaq O'Neal

TITLE
Director
COMPENSATION
$182K
AGE
47
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Papa John's International individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Mar 20 Sell John Schnatter Individual 20. Mar 20 24. Mar 20 -349,970 €50.66 €-17,397,839
02. Mar 20 Buy Robert Lynch Individual 28. Feb 20 28. Feb 20 7,120 €50.85 €362,063
12. Feb 20 Sell John Schnatter Individual 10. Feb 20 10. Feb 20 -1,000,000 €57.94 €-57,940,488
12. Nov 19 Sell Caroline Oyler Individual 11. Nov 19 11. Nov 19 -4,775 €56.17 €-268,221
12. Nov 19 Sell Jack Swaysland Individual 08. Nov 19 08. Nov 19 -1,623 €57.15 €-92,757
05. Nov 19 Sell John Schnatter Individual 01. Nov 19 01. Nov 19 -1,900,000 €50.69 €-96,312,824
22. Oct 19 Sell Legion Partners Asset Management, LLC Company 07. Oct 19 18. Oct 19 -1,725,986 €48.64 €-81,253,275
24. Sep 19 Sell The California State Teachers' Retirement System Company 20. Sep 19 20. Sep 19 -523 €47.31 €-24,743
24. Sep 19 Buy The California State Teachers' Retirement System Company 05. Sep 19 05. Sep 19 935 €44.75 €41,840
26. Aug 19 Sell John Schnatter Individual 22. Aug 19 22. Aug 19 -475,861 €39.74 €-18,550,603
23. Aug 19 Sell John Schnatter Individual 21. Aug 19 21. Aug 19 -150,000 €38.84 €-5,825,582
22. Aug 19 Sell John Schnatter Individual 20. Aug 19 20. Aug 19 -100,000 €38.59 €-3,858,915
23. May 19 Sell John Schnatter Individual 21. May 19 21. May 19 -3,451,413 €40.87 €-141,046,522
23. May 19 Sell John Schnatter Individual 21. May 19 21. May 19 -3,451,413 €40.87 €-141,046,522
20. May 19 Buy Anthony Sanfilippo Individual 17. May 19 20. May 19 3,000 €42.78 €127,076
20. May 19 Sell John Schnatter Individual 16. May 19 16. May 19 -78,428 €44.75 €-3,509,992
16. May 19 Sell John Schnatter Individual 14. May 19 15. May 19 -200,083 €46.10 €-9,056,942
14. May 19 Sell John Schnatter Individual 10. May 19 10. May 19 -114,061 €46.87 €-5,346,087
X
Management checks
We assess Papa John's International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Papa John's International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PP1 News

Simply Wall St News

PP1 Company Info

Description

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The company also operates dine-in and delivery restaurants. As of December 29, 2019, it operated 5,395 Papa John's restaurants, which included 598 company-owned and 4,797 franchised restaurants. The company was founded in 1984 and is headquartered in Louisville, Kentucky.

Details
Name: Papa John's International, Inc.
PP1
Exchange: DB
Founded: 1984
$1,573,436,998
32,284,636
Website: http://www.papajohns.com
Address: Papa John's International, Inc.
2002 Papa John’s Boulevard,
Louisville,
Kentucky, 40299-2367,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PZZA Common Stock Nasdaq Global Select US USD 08. Jun 1993
DB PP1 Common Stock Deutsche Boerse AG DE EUR 08. Jun 1993
Number of employees
Current staff
Staff numbers
16,500
Papa John's International employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:54
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/29
Last annual earnings reported: 2019/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.