Papa John's International Inc.
Find Ratings ReportsPAPA JOHNS INTERNATIONAL INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. PAPA JOHNS INTERNATIONAL INC has weak liquidity. Currently, the Quick Ratio is 0.50 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 60.30% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 571.32 | 526.23 |
EBITDA ($mil) | 64.63 | 50.25 |
EBIT ($mil) | 47.35 | 36.23 |
Net Income ($mil) | 26.09 | 23.51 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 40.59 | 47.37 |
Total Assets ($mil) | 875.01 | 864.23 |
Total Debt ($mil) | 965.72 | 807.26 |
Equity ($mil) | -459.09 | -286.39 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 20.26 | 18.84 |
EBITDA Margin | 11.31 | 9.54 |
Operating Margin | 8.29 | 6.88 |
Sales Turnover | 2.44 | 2.43 |
Return on Assets | 9.38 | 7.84 |
Return on Equity | 0.0 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.76 | 0.95 |
Debt/Capital | 1.91 | 1.55 |
Interest Expense | 11.8 | 7.29 |
Interest Coverage | 4.01 | 4.97 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 32.49 | 34.74 |
Div / share | 0.46 | 0.42 |
EPS | 0.79 | 0.66 |
Book value / share | -14.13 | -8.24 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 679606.0 | 697434.0 |
HOLD. The current P/E ratio indicates a significant discount compared to an average of 44.29 for the Food Services and Drinking Places subsector and a value on par with the S&P 500 average of 27.95. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, PAPA JOHNS INTERNATIONAL INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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PZZA 28.07 | Peers 44.29 | PZZA 11.62 | Peers 24.08 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PZZA is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. PZZA is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PZZA 21.99 | Peers 28.31 | PZZA 4.35 | Peers 3.38 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. PZZA is trading at a valuation on par with its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. PZZA trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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PZZA NM | Peers 13.92 | PZZA 30.85 | Peers 40.00 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PZZA's P/B is negative making this valuation measure meaningless. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PZZA is expected to trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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PZZA 1.05 | Peers 5.79 | PZZA 1.59 | Peers 10.97 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. PZZA is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. PZZA significantly trails its peers on the basis of sales growth. |
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