Goldman Sacha has a valuation based on similar EV EBITDA of $39.10 after latest update from DMP at the AGM,. They have broken down by segment to Asia& Europe at 10.6 times and ANZ at market rate similar to McDonald’s or DPZ. The Asia and Europe at rock bottom and expecting no growth for now. This is very valid as Japan is not going anywhere with their consumption of pizza. They too expecting 2024 EBITDA of $360m will be repeated in 2025 with less sales but helped by restructuring savings of $30m. I think we can fairly assume $360m is the base EBITDA for DMP. Hopefully new CEO will slowly pull Asia /Europe towards slow growth over next 3 years. However the base of $360EBITDA is set on strong base of current revenue and market will value it appropriately once the current negative fog is removed.
DMP Price at posting:
$29.04 Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)