Dominos Pizza USA
Market Cap US$7.1Bn PE 39
Population 330M
Dominos Pizza AUS
Market Cap AU$6.8Bn PE 75
Population 24M
Add in some growth/demand attributable to Japan and Europe, but you are still nowhere near the size of USA, yet it trades at double the PE of it's US counterpart ?
Looking at their store count and projected additions, why on earth would any franchisee enter what already appears to be an oversatutrated market ? Franchisees are already struggling to make ends meet, evidenced by the fact they have to grossly underpay staff, not pay overtime and according to a few sources, force staff to work for free
IMO, they intentionally delayed the negotiations of a new enterprise agreement until after the full year results. Facing a potential 24% drop in domestic profits just to meet award rates would flatten their NPAT
After the 7/11 and Coles enterprise agreements got knocked back, DMP could be in for a real shock considering how worse off their agreements are in comparison
There isn't too many high flying catalysts left now for the instos to ramp, so I expect a fair amount of distribution and profit taking before the new enterprise agreement
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Last
$34.35 |
Change
0.320(0.94%) |
Mkt cap ! $3.175B |
Open | High | Low | Value | Volume |
$34.10 | $34.80 | $34.02 | $14.20M | 412.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1735 | $34.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.59 | 2368 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49 | 34.210 |
1 | 31 | 34.100 |
1 | 150 | 34.020 |
3 | 87 | 34.000 |
1 | 20 | 33.890 |
Price($) | Vol. | No. |
---|---|---|
34.780 | 200 | 1 |
34.800 | 200 | 1 |
34.850 | 1000 | 1 |
34.940 | 3000 | 1 |
35.000 | 2936 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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