Business profile
Domino's Pizza Enterprises holds the master franchise agreement for the Domino's Pizza brand in ANZ, Japan, France, Belgium, and the Netherlands. It also has a joint venture agreement in place for Germany.
Australia is the third-largest market for Domino's outside the US, UK and Mexico.
Domino's is a franchiser = capital requirements should be limited = royalty payments it receives in the future should continue to be paid as franked dividends.
debt: $621 million
shareholders equity: $400 million
debt-to-equity ratio: 1.55
lease liability: $734 million
cash conversion ratio: more than 100%
net debt: $514 million
net leverage ratio is 1.8
return on capital employed: 20%
huge intangible asset from acquisitions = taken on debt to fund its acquisitions
Total of 2,596 stores:
Europe: 1,123 stores
ANZ: 831 stores
Japan: 642 stores
Highlights for the results
global food sales: $1.58 billion, up 10%
HY EBITDA: $151 million, up 10%
online sales: increasing faster at 18.8% to $1.11 billion (almost 60% of its sale)
free cash flow: 59%
201020
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