There's no doubt Domino's Pizza (DOM) is keeping pace with the changing trends in how people order their takeaway. In spite of the indomitable rise of food delivery groups Just Eat (JE.) and Deliveroo, the pizza chain is holding its own. Sales via its app now represent nearly half of online UK turnover making it the largest distribution channel, while all online orders now represent more than three-quarters of its domestic revenues.
The company is also expanding at a clip, notching up a record 61 store openings in Britain in 2015 which, along with four more in Switzerland, took the group-wide total up to a net 931 sites. It's come a long way since opening its first store in Luton in 1985.
A major factor in these results is the fact that the business has now stopped operating directly in Germany - a market it has tended to struggle in - and has taken a stake in Joey's Pizza, the country's largest pizza delivery chain. Some of the old Domino's stores have been sold to the joint venture and some closed. The discontinued German operation registered a loss of £9.6m, which includes underlying trading losses of £3.3m.
Broker Numis has upgraded its 2016 adjusted pre-tax profit figure by 3 per cent to £80.6m, leading to EPS of 38.2p. That compares with £73.2m and 35.2p in 2015.
| DOMINO'S PIZZA (DOM) | ||||
|---|---|---|---|---|
| ORD PRICE: | 1,049p | MARKET VALUE: | £1.75bn | |
| TOUCH: | 1,044p-1,049p | 12-MONTH HIGH: | 1,121p | LOW: 729p |
| DIVIDEND YIELD: | 2.0% | PE RATIO: | 29 | |
| NET ASSET VALUE: | 59p | NET CASH: | £40m | |
| Year to 27 Dec | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
|---|---|---|---|---|
| 2011 | 210 | 38.8 | 16.7 | 12.3 |
| 2012 | 241 | 42.4 | 19.0 | 14.5 |
| 2013 | 267 | 21.6 | 10.7 | 15.9 |
| 2014 | 289 | 62.1 | 29.8 | 17.5 |
| 2015 | 317 | 73.2 | 35.7 | 20.8 |
| % change | +10 | +18 | +20 | +19 |
Ex-div: 10 Mar Payment: 25 Apr | ||||
