Domino's Pizza Inc (DPZ)
Valor JustoFundamental
79
Preço
$299.61
Capitalização de Mercado
$9.69B
Parte 1 · Quanto vale a empresa
Visão Geral
Domino's Pizza is the world's largest pizza company by store count, but it barely runs any restaurants itself: about 99% of its roughly 22,000 stores are owned and operated by independent franchisees. Domino's makes its money instead by selling franchisees the dough, toppings and packaging their stores need, and by charging them a royalty and advertising fee on every sale, an arrangement built around delivery and takeout rather than dine-in.
Como gera receita
Supply chain sales — dough, ingredients, equipment and packaging sold to franchised and company-owned stores — make up most of revenue but carry thin, distribution-style margins. Royalties and advertising fees, a fixed percentage of each franchisee's retail sales, are much smaller in dollars but far more profitable since Domino's incurs no store-level cost to earn them. A small number of company-owned stores and international master-franchisee royalties fill out the rest.
Receita por segmento
Sale of dough, ingredients, equipment and packaging to franchised and company-owned stores across the US and Canada.
Royalties and advertising fees from US franchisees plus retail sales from the small number of company-owned stores.
Royalties from independent master franchisees who operate the Domino's brand outside the United States.
Vantagem competitiva
Marca · EstreitaDomino's brand recognition, delivery-focused store footprint and years of investment in ordering technology give it real advantages of scale and habit over independent pizzerias. But pizza remains a low-cost, easily substituted meal, and the company competes against comparably resourced national chains, so the edge is real but not durable enough to call wide.
O que impulsiona a procura
DefensivoA delivered pizza is one of the cheapest hot-meal options available, so demand tends to hold up better than at sit-down restaurants when consumers pull back spending, and some customers trade down to Domino's from pricier alternatives during a downturn. Growth still depends on store openings and comparable-sales trends, but the category itself is fairly resistant to the economic cycle.
Principais riscos
- Dependence on independent franchisees — With about 99% of stores franchised, Domino's results depend on thousands of independent operators executing the brand consistently; if franchisees struggle with labor, rent or delivery economics, royalty and supply chain income weaken quickly.
- Commodity and input cost inflation — Cheese, meat toppings and other ingredient costs fluctuate, and Domino's may not be able to pass every cost increase through to franchisees and customers without slowing demand.
- Concentrated ingredient supply — The company relies on a single supplier or a limited number of suppliers for certain key ingredients, including pizza cheese and meat toppings, so a disruption at one of them could affect stores broadly.
- Reliance on independent international master franchisees — Most markets outside the US are run by independent master franchisees rather than Domino's directly, exposing international royalty income to local currency swings, political conditions and the execution of partners it does not control.
Os argumentos a favor
Buyers argue that the franchised, asset-light model converts store growth into high-margin royalty income with little capital from Domino's, that pizza delivery holds up well in tougher economic conditions, and that continued international expansion through master franchisees gives the brand room to grow well beyond its mature US store base.
Os argumentos contra
Sellers fear that thousands of franchisees facing labor and rent inflation could slow new-store openings and squeeze the supply chain business that generates most of Domino's dollar revenue, that commodity cost spikes are hard to fully pass through, and that heavy reliance on delivery leaves Domino's exposed to costly competition from food-delivery apps and other chains.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de setembro de 2026 with claude-haiku-4-5 — shared with all users
Pizza Hut, Yum! Brands' pizza chain, is the competitor Domino's names first in its 10-K and the second-largest US pizza chain, chasing the same delivery and carryout pizza orders in the United States and in most international markets.
Domino's 10-K names order and delivery aggregation companies among its competitors: DoorDash captures the same delivered-meal occasion, offering the customer thousands of restaurants, including pizzerias, instead of a Domino's order.
Papa John's runs the same franchised delivery-and-carryout pizza model in the US and abroad, and is the other listed chain Domino's names as a direct competitor at home and internationally.
Little Caesars is the third chain named in Domino's 10-K and the closest rival on price, competing for the same value-driven US pizza customer with about $4.9 billion of 2024 domestic sales; it is privately held by Ilitch Holdings.
Marco's Pizza is the fastest-growing of the large US franchised pizza chains and the fifth by sales, opening stores in the same suburban delivery trade areas Domino's serves; it is privately held.
Balanço & Liquidez
Receita
$5.03B
Últimos 12 meses (até 14/06/2026)
Resultado Líquido
$597M
Últimos 12 meses (até 14/06/2026)
Fluxo de Caixa Livre
$672M
Capital Próprio Total
$-3.90B
Passivo Total
$5.62B
Rácio de Liquidez
1.54
Cobertura de Juros
4.96
Dívida/EBITDA
4.91
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$331.75
Preço Atual
$299.61
Margem de Segurança
+9.7%
Intervalo de Valor Justo
$275.07 - $388.43
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
16.99
ROE
-15.4%
Rácio P/B
-
P/FCF
15.17
Margem Bruta
40.0%
ROIC
66.0%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC AtípicoROIC
66.0%
WACC
7.5%
ROIC − WACC
+58.5 pp
O ROIC supera o custo do capital — a empresa está a criar valor para os acionistas.
Critérios de Análise Fundamental
Aprovado (19)
- EPS shows upward trend
- EPS CAGR 17.23%
- Price CAGR 6.41%
- ROIC 66.0%
- Gross Margin 40.0%
- P/FCF 15.17
- Operating Margin 19.5%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 31.9%
- Analyst Consensus 50% Buy
- Earnings Quality (OCF/NI) 1.30
- Share Dilution -2.2%
- Piotroski F-Score 9/9
Reprovado (5)
- DCF valuation (Overvalued)
- Revenue Growth 5Y 3.7%
- Earnings Surprise avg -2.8%
- PEG Ratio 2.25
- Net Margin Trend 11.9% vs 12.5%
Indisponível (4)
- P/B Ratio NaN
- Dividend Payout NaN%
- Debt/Equity ratio
- Price below Graham Number
Piotroski F-Score
Saúde financeira sólida
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. David Allen Brandon | Executive Chairman | 73 |
| Mr. Russell J. Weiner | CEO & Director | 57 |
| Mr. Sandeep Reddy C.F.A. | Executive VP & CFO | 54 |
| Mr. Joseph Hugh Jordan | COO & President of U.S. | 51 |
| Ms. Cynthia A. Headen | Executive Vice President & Chief Supply Chain Officer | 56 |
| Mr. Brian James Pangburn | VP, Principal Accounting Officer & Controller | 40 |
| Mr. Gregory J. Lemenchick | Vice President of Investor Relations | - |
| Mr. Ryan K. Mulally | Executive VP, General Counsel & Corporate Secretary | 50 |
| Ms. Katherine E. Trumbull | Executive VP & Chief Marketing Officer | 43 |
| Ms. Maureen S. Pittenger | Executive VP & Chief Human Resources Officer | 51 |
Risco de Auditoria
6
Risco do Conselho
4
Risco de Remuneração
8
Risco dos Direitos dos Acionistas
8
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Documentos
- Ver documento
Relatório anual (10-K)
Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.
Arquivado em 2026-02-23
- Ver documento
Relatório trimestral (10-Q)
Uma atualização sobre o desempenho financeiro dos últimos três meses.
Arquivado em 2026-07-20
- Ver documento
Relatório de fato relevante (8-K)
Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.
Arquivado em 2026-07-20
via SEC EDGAR
Histórico de Resultados
via SEC EDGAR
Latest News
Recent headlines for DPZ, sourced from Markets Gazette.
- 7/20/2026POSITIVEDomino’s shares jump as franchise store operators spend more on ingredients
Domino's Pizza Inc. saw its shares surge approximately 7% in pre-market trading following the release of its second-quarter financial results. The company reported revenue that exceeded analyst estimates by around 2.5%. This positive performance is attributed to increased spending by franchise store operators on ingredients, suggesting robust demand and operational efficiency within the franchise network. For investors, this indicates a strengthening top-line performance and potential for continued growth, possibly leading to upward revisions in earnings forecasts and stock price targets.
- 5/16/2026NEGATIVEAmerica's Pizza Business Is Feeling The Squeeze As Another Chain Files For Bankruptcy While Domino's, Papa John's Warn Consumers Are Pulling Back
The US pizza industry is facing significant headwinds, with Smoking Monkey Pizza filing for Chapter 11 bankruptcy. This follows reports of Pizza Hut store closures and Domino's Pizza warning of consumer pullback due to economic pressures. Domino's, a major player, is experiencing weak sales as consumers become more price-sensitive and reduce discretionary spending. This broad industry weakness suggests a challenging environment for major pizza chains, potentially impacting future revenue and profitability for companies like Domino's and Papa John's.
- 4/27/2026NEGATIVEDomino's Hit By Budget-Conscious Diners, Shares Tumble
Domino's Pizza Inc. (DPZ) shares experienced a significant decline following the release of its Q1 financial results, which fell short of analyst expectations for both revenue and earnings. The company cited a combination of persistent inflation and evolving consumer spending habits as key factors impacting its performance. Budget-conscious diners appear to be reducing discretionary spending on dining out, directly affecting Domino's sales volumes. This trend suggests a challenging near-term outlook for the pizza chain, potentially leading to further pressure on its stock price as investors reassess growth prospects.
- 3/8/2026POSITIVEIs Domino's Stock Going to $500?
Domino's Pizza Inc. (DPZ) stock is trading below its three-year average valuation, suggesting a potential undervaluation. Analysts are questioning if the current price point could propel the stock towards the $500 mark. This valuation metric, when compared to historical performance, often signals an opportunity for investors looking for growth at a reasonable price. The company's ability to maintain market share and innovate its delivery services will be key factors in realizing this potential upside.
- 2/25/2026NEGATIVEHow Prediction Market Traders Won on Domino's Earnings Miss
Domino's Pizza reported a disappointing fourth quarter, missing analysts' earnings estimates. Despite this setback, 'no' contract holders on Polymarket's prediction markets still managed to profit, indicating that some investors correctly anticipated the underperformance. This outcome suggests potential short-term pressure on Domino's stock, as the market typically reacts negatively to earnings misses. Investors should closely monitor the company's upcoming announcements and market reactions to assess the long-term impact of this performance.
- 2/24/2026POSITIVEThis Warren Buffett favorite just hiked its dividend by 15%
Markets Gazette reports a distinctly positive signal for Domino's Pizza investors. The renowned pizza chain has announced a 15% dividend hike, a move that underscores its financial strength and confidence in future growth. This development is particularly significant given the strong presence of Berkshire Hathaway, Warren Buffett's holding company, which owns nearly 10% of Domino's, a stake valued at approximately $1.34 billion. In Q4 2025, Berkshire even increased its stake by 12%, demonstrating clear approval from one of the world's most influential investors. The dividend increase not only rewards current shareholders but could also attract new capital, strengthening the stock's market position.
- 2/24/2026POSITIVEWhy Domino's Pizza Stock Popped Today
Shares of Domino's Pizza, the world's largest pizza company, experienced a significant rally. The positive performance was triggered by management's stated ambition to expand its market dominance even further. Despite its already established leadership position, the company aims to 'get even bigger,' a move that investors have interpreted as a strong signal of confidence in the future and an aggressive growth strategy. The market is pricing in this ambition positively, betting that it will translate into increased market share, new store openings, and further investments in technology to strengthen its leadership. This proactive vision reassures shareholders about the stock's long-term appreciation potential.
via Markets Gazette