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Domino's Pizza Enterprises (Domino's Pizza Enterprises) Piotroski F-Score : 4 (As of Apr. 24, 2024)


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What is Domino's Pizza Enterprises Piotroski F-Score?

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 Enterprises has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

DMZPY' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 7
Current: 4

During the past 13 years, the highest Piotroski F-Score of Domino's Pizza Enterprises was 7. The lowest was 4. And the median was 5.


Domino's Pizza Enterprises Piotroski F-Score Historical Data

The historical data trend for Domino's Pizza Enterprises'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 Enterprises Piotroski F-Score Chart

Domino's Pizza Enterprises Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 5.00 4.00 5.00 4.00

Domino's Pizza Enterprises Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Piotroski F-Score Get a 7-Day Free Trial 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 - 5.00 - 4.00 -

Competitive Comparison of Domino's Pizza Enterprises's Piotroski F-Score

For the Restaurants subindustry, Domino's Pizza Enterprises'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 Enterprises's Piotroski F-Score Distribution in the Restaurants Industry

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

* The bar in red indicates where Domino's Pizza Enterprises'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 (Jun23) TTM:Last Year (Jun22) TTM:
Net Income was $27 Mil.
Cash Flow from Operations was $175 Mil.
Revenue was $1,574 Mil.
Gross Profit was $872 Mil.
Average Total Assets from the begining of this year (Jun22)
to the end of this year (Jun23) was (1708.871 + 1932.515) / 2 = $1820.693 Mil.
Total Assets at the begining of this year (Jun22) was $1,709 Mil.
Long-Term Debt & Capital Lease Obligation was $1,073 Mil.
Total Current Assets was $396 Mil.
Total Current Liabilities was $399 Mil.
Net Income was $112 Mil.

Revenue was $1,605 Mil.
Gross Profit was $905 Mil.
Average Total Assets from the begining of last year (Jun21)
to the end of last year (Jun22) was (1802.882 + 1708.871) / 2 = $1755.8765 Mil.
Total Assets at the begining of last year (Jun21) was $1,803 Mil.
Long-Term Debt & Capital Lease Obligation was $885 Mil.
Total Current Assets was $289 Mil.
Total Current Liabilities was $450 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 Enterprises's current Net Income (TTM) was 27. ==> 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 Enterprises's current Cash Flow from Operations (TTM) was 175. ==> 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 (Jun22)
=27.228/1708.871
=0.01593333

ROA (Last Year)=Net Income/Total Assets (Jun21)
=111.536/1802.882
=0.06186539

Domino's Pizza Enterprises's return on assets of this year was 0.01593333. Domino's Pizza Enterprises's return on assets of last year was 0.06186539. ==> Last year is higher ==> Score 0.

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 Enterprises's current Net Income (TTM) was 27. Domino's Pizza Enterprises's current Cash Flow from Operations (TTM) was 175. ==> 175 > 27 ==> 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: Jun23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun22 to Jun23
=1072.838/1820.693
=0.58924706

Gearing (Last Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=884.596/1755.8765
=0.5037917

Domino's Pizza Enterprises's gearing of this year was 0.58924706. Domino's Pizza Enterprises's gearing of last year was 0.5037917. ==> 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: Jun23)=Total Current Assets/Total Current Liabilities
=396.007/398.729
=0.99317331

Current Ratio (Last Year: Jun22)=Total Current Assets/Total Current Liabilities
=289.022/450.163
=0.64203855

Domino's Pizza Enterprises's current ratio of this year was 0.99317331. Domino's Pizza Enterprises's current ratio of last year was 0.64203855. ==> 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 Enterprises's number of shares in issue this year was 175.992. Domino's Pizza Enterprises's number of shares in issue last year was 173.46. ==> 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
=871.851/1573.626
=0.55403952

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=905.165/1605.436
=0.56381257

Domino's Pizza Enterprises's gross margin of this year was 0.55403952. Domino's Pizza Enterprises's gross margin of last year was 0.56381257. ==> Last year's gross margin is higher ==> Score 0.

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 (Jun22)
=1573.626/1708.871
=0.9208571

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun21)
=1605.436/1802.882
=0.89048313

Domino's Pizza Enterprises's asset turnover of this year was 0.9208571. Domino's Pizza Enterprises's asset turnover of last year was 0.89048313. ==> 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+0+1+0+1+0+0+1
=5

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

Domino's Pizza Enterprises has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Domino's Pizza Enterprises  (OTCPK:DMZPY) 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 Enterprises Piotroski F-Score Related Terms

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Domino's Pizza Enterprises (Domino's Pizza Enterprises) Business Description

Traded in Other Exchanges
Address
485 Kingsford Smith Drive, Level 1, KSD1, Hamilton, Brisbane, QLD, AUS, 4007
Domino's Pizza Enterprises is engaged in the operation of fast-food pizza outlets and franchise service. The company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, Japan, Singapore, Malaysia, Taiwan, Germany, France, Belgium, Luxembourg, and the Netherlands. It entered the German market via a joint venture and acquisition. The Domino's brand is owned by NYSE-listed Domino's Pizza, Inc.

Domino's Pizza Enterprises (Domino's Pizza Enterprises) Headlines