| Intrinsic Valuation of: DPZ | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 17 | Market Cap | $10B | |||||
| 2021 | - | - (-) | P/E Ratio | 17 | Total Asset | $2B | |||||
| 2022 | $388M | - (-) | Net Income | $602M | Total Debt | $5B | |||||
| 2023 | $485M | 25.1% (26.7%) | EBITDA | $1B | Total Liab | $6B | |||||
| 2024 | $512M | 5.5% (0.4%) | Opr Margin | 19.23 | Debt/Equity | -1.23 | |||||
| 2025 | $672M | 31.2% (24.9%) | PreTax Margin | 15.26 | BV/Share | -123 | |||||
| 5Y Average FCF | $514M | 10.0% (17.3%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.20% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (10.0%) | ||||||||||
| 2026 | $687M | MBG Intrinsic Value | $155 | ||||||||
| 2027 | $745M | ||||||||||
| 2028 | $797M | ||||||||||
| 2029 | $841M | ||||||||||
| 2030 | $874M | ||||||||||
| 2031 | $896M | ||||||||||
| Terminal Value | $19B | Net Worth/Share | $-117 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $17B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $126M | $358 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 6.5% | 348 | 392 | 446 | 515 | 608 | |||
| Equity Value | $12B | 7.2% | 289 | 321 | 360 | 408 | 470 | ||||
| Shares Outstanding | 33,261,870 | 7.8% | 243 | 268 | 297 | 332 | 376 | ||||
| 8.5% | 205 | 225 | 247 | 274 | 306 | ||||||
| DCF Intrinsic Value | $358 | 9.2% | 175 | 190 | 208 | 229 | 253 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||