| Intrinsic Valuation of: DPZ | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 18 | Market Cap | $16B | |||||
| 2021 | - | - (-) | P/E Ratio | 26 | Total Asset | $2B | |||||
| 2022 | $560M | - (-) | Net Income | $584M | Total Debt | $4B | |||||
| 2023 | $388M | -30.7% (-33.4%) | EBITDA | $1B | Total Liab | $6B | |||||
| 2024 | $485M | 25.1% (26.7%) | Opr Margin | 0.19 | Debt/Equity | -0.97 | |||||
| 2025 | $512M | 5.5% (0.4%) | PreTax Margin | 14.52 | BV/Share | -121 | |||||
| 5Y Average FCF | $486M | -0.0% (-2.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $532M | MBG Intrinsic Value | $158 | ||||||||
| 2027 | $554M | ||||||||||
| 2028 | $576M | ||||||||||
| 2029 | $599M | ||||||||||
| 2030 | $623M | ||||||||||
| 2031 | $648M | ||||||||||
| Terminal Value | $13B | Net Worth/Share | $-116 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $12B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $186M | $230 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $4B | WACC | 7.3% | 190 | 211 | 237 | 269 | 309 | |||
| Equity Value | $8B | 7.4% | 187 | 208 | 233 | 264 | 303 | ||||
| Shares Outstanding | 34,241,500 | 7.4% | 185 | 205 | 230 | 260 | 298 | ||||
| 7.9% | 162 | 179 | 199 | 223 | 252 | ||||||
| DCF Intrinsic Value | $230 | 8.4% | 142 | 156 | 173 | 192 | 216 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||