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Domino's Pizza Group Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Domino's Pizza Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Domino's Pizza Group's Piotroski F-Score or its related term are showing as below:

LSE:DOM' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

4
8

During the past 13 years, the highest Piotroski F-Score of Domino's Pizza Group was 8. The lowest was 4. And the median was 6.


Domino's Pizza Group Piotroski F-Score Historical Data

The historical data trend for Domino's Pizza Group's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Domino's Pizza Group Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 6.00 6.00 7.00

Domino's Pizza Group Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 6.00 - 7.00 -

Competitive Comparison

For the Restaurants subindustry, Domino's Pizza Group's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Domino's Pizza Group Piotroski F-Score Distribution

For the Restaurants industry and Consumer Cyclical sector, Domino's Pizza Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Domino's Pizza Group's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec20) TTM:Last Year (Dec19) TTM:
Net Income was £41.1 Mil.
Cash Flow from Operations was £112.2 Mil.
Revenue was £505.1 Mil.
Gross Profit was £236.5 Mil.
Average Total Assets from the begining of this year (Dec19)
to the end of this year (Dec20) was (353.9 + 592.2) / 2 = £473.05 Mil.
Total Assets at the begining of this year (Dec19) was £353.9 Mil.
Long-Term Debt & Capital Lease Obligation was £452.3 Mil.
Total Current Assets was £167.1 Mil.
Total Current Liabilities was £131.7 Mil.
Net Income was £13.1 Mil.

Revenue was £508.3 Mil.
Gross Profit was £234.8 Mil.
Average Total Assets from the begining of last year (Dec18)
to the end of last year (Dec19) was (398.5 + 353.9) / 2 = £376.2 Mil.
Total Assets at the begining of last year (Dec18) was £398.5 Mil.
Long-Term Debt & Capital Lease Obligation was £248.3 Mil.
Total Current Assets was £141.8 Mil.
Total Current Liabilities was £122.9 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Domino's Pizza Group's current Net Income (TTM) was 41.1. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Domino's Pizza Group's current Cash Flow from Operations (TTM) was 112.2. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec19)
=41.1/353.9
=0.1161345

ROA (Last Year)=Net Income/Total Assets (Dec18)
=13.1/398.5
=0.03287327

Domino's Pizza Group's return on assets of this year was 0.1161345. Domino's Pizza Group's return on assets of last year was 0.03287327. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Domino's Pizza Group's current Net Income (TTM) was 41.1. Domino's Pizza Group's current Cash Flow from Operations (TTM) was 112.2. ==> 112.2 > 41.1 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=452.3/473.05
=0.95613572

Gearing (Last Year: Dec19)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec18 to Dec19
=248.3/376.2
=0.66002127

Domino's Pizza Group's gearing of this year was 0.95613572. Domino's Pizza Group's gearing of last year was 0.66002127. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec20)=Total Current Assets/Total Current Liabilities
=167.1/131.7
=1.26879271

Current Ratio (Last Year: Dec19)=Total Current Assets/Total Current Liabilities
=141.8/122.9
=1.15378356

Domino's Pizza Group's current ratio of this year was 1.26879271. Domino's Pizza Group's current ratio of last year was 1.15378356. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Domino's Pizza Group's number of shares in issue this year was 465.384. Domino's Pizza Group's number of shares in issue last year was 463.438. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=236.5/505.1
=0.46822411

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=234.8/508.3
=0.46193193

Domino's Pizza Group's gross margin of this year was 0.46822411. Domino's Pizza Group's gross margin of last year was 0.46193193. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec19)
=505.1/353.9
=1.42723933

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec18)
=508.3/398.5
=1.27553325

Domino's Pizza Group's asset turnover of this year was 1.42723933. Domino's Pizza Group's asset turnover of last year was 1.27553325. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Domino's Pizza Group has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Domino's Pizza Group  (LSE:DOM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Domino's Pizza Group Piotroski F-Score Related Terms

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Domino's Pizza Group Business Description

Domino's Pizza Group logo
Industry
Traded in Other Exchanges
Address
1 Thornbury, West Ashland, Milton Keynes, Buckinghamshire, GBR, MK6 4BB
Domino's Pizza Group PLC is a Domino's Pizza franchisee that has the exclusive rights to Domino's restaurants in the United Kingdom, Republic of Ireland, Switzerland, Liechtenstein, and Luxembourg. It typically sub franchises its rights to other franchisees who operate the stores in these regions. The company earns royalty revenue on its franchisees' sales. It also pays royalties to Domino's Pizza Inc. Other sources of revenue come from subleasing stores and reselling supplies--Domino's Pizza Group leases the stores and then subleases to its franchisees; it also buys all ingredients from suppliers and then sells those supplies to its franchisees.

Domino's Pizza Group Headlines

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