It is not only in SE Asia, main growth will be in Germany, France and Japan. Number of Domino stores in these countries as % of population is extremely low compared to say Australia or USA. The objective is to increase Domino stores to higher %.
If the management team can demonstrate all these strategies can be executed over next 3 to 5 years, DMP is definitely growth story and market seems to slowly realise it again. Just a run down on what the management is trying to achieve are-
1. Net Cost savings of $30-35M
2. Increase gross margin back to pre Covid rate, which will contribute additional 2%+. With commodity prices like cheese which are dictated by world markets , it is already happening. US & UK Dominos have already indicated the direction.
3.Benefits from Uber association.
4.Increase of store count.
DMP has good growth prospects in their strategy. In addition they are in food service industry, which is very stable and it has a good brand. Warren Buffet calls it as “sticky “.My DCF over next 5 years is coming up in the range of $70 now. It will take few good results over next few actual results to achieve it.
It is not only in SE Asia, main growth will be in Germany,...
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$31.59 |
Change
-0.520(1.62%) |
Mkt cap ! $2.909B | |||
| Open | High | Low | Value | Volume |
| $31.99 | $32.12 | $31.39 | $9.923M | 312.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 8 | 170 | $31.58 |
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| Price($) | Vol. | No. |
|---|---|---|
| $31.61 | 237 | 9 |
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| DMP (ASX) Chart |