| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
PZA Stock Overview
Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada.
Pizza Pizza Royalty Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$11.69 |
| 52 Week High | CA$12.22 |
| 52 Week Low | CA$9.05 |
| Beta | 1.15 |
| 1 Month Change | -0.26% |
| 3 Month Change | 3.64% |
| 1 Year Change | 27.76% |
| 3 Year Change | 26.93% |
| 5 Year Change | -28.98% |
| Change since IPO | 10.08% |
Recent News & Updates
Pizza Pizza Royalty's (TSE:PZA) Dividend Will Be Increased To CA$0.06
Pizza Pizza Royalty Corp. ( TSE:PZA ) will increase its dividend on the 15th of December to CA$0.06. This takes the...
Pizza Pizza Royalty (TSE:PZA) Is Increasing Its Dividend To CA$0.06
Pizza Pizza Royalty Corp.'s ( TSE:PZA ) dividend will be increasing to CA$0.06 on 15th of October. This takes the...
Shareholder Returns
| PZA | CA Hospitality | CA Market | |
|---|---|---|---|
| 7D | -3.0% | -0.9% | -3.6% |
| 1Y | 27.8% | 2.1% | 20.3% |
Return vs Industry: PZA exceeded the Canadian Hospitality industry which returned 2.1% over the past year.
Return vs Market: PZA exceeded the Canadian Market which returned 20.3% over the past year.
Price Volatility
| PZA volatility | |
|---|---|
| PZA Average Weekly Movement | 2.0% |
| Hospitality Industry Average Movement | 7.2% |
| Market Average Movement | 9.4% |
| 10% most volatile stocks in CA Market | 17.0% |
| 10% least volatile stocks in CA Market | 3.6% |
Stable Share Price: PZA is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PZA's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1967 | n/a | n/a | https://www.pizzapizza.ca |
Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. It also sells food and beverages. As of December 31, 2020, the company had 749 restaurants in the royalty pool.
Pizza Pizza Royalty Fundamentals Summary
| PZA fundamental statistics | |
|---|---|
| Market Cap | CA$376.15m |
| Earnings (TTM) | CA$23.25m |
| Revenue (TTM) | CA$31.05m |
16.2x
P/E Ratio12.1x
P/S RatioIs PZA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PZA income statement (TTM) | |
|---|---|
| Revenue | CA$31.05m |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$31.05m |
| Expenses | CA$7.80m |
| Earnings | CA$23.25m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.72 |
| Gross Margin | 100.00% |
| Net Profit Margin | 74.88% |
| Debt/Equity Ratio | 16.2% |
How did PZA perform over the long term?
See historical performance and comparisonDividends
5.8%
Current Dividend Yield92%
Payout RatioValuation
Is Pizza Pizza Royalty undervalued compared to its fair value and its price relative to the market?
7.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PZA (CA$11.69) is trading below our estimate of fair value (CA$12.59)
Significantly Below Fair Value: PZA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PZA is good value based on its PE Ratio (16.2x) compared to the Canadian Hospitality industry average (17.6x).
PE vs Market: PZA is poor value based on its PE Ratio (16.2x) compared to the Canadian market (12x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PZA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PZA is good value based on its PB Ratio (1.3x) compared to the CA Hospitality industry average (1.9x).
Future Growth
How is Pizza Pizza Royalty forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
40.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PZA's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if PZA's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PZA's revenue (40.2% per year) is forecast to grow faster than the Canadian market (5.4% per year).
High Growth Revenue: PZA's revenue (40.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PZA's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Pizza Pizza Royalty performed over the past 5 years?
-2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PZA has high quality earnings.
Growing Profit Margin: PZA's current net profit margins (74.9%) are lower than last year (77.1%).
Past Earnings Growth Analysis
Earnings Trend: PZA's earnings have declined by 2.5% per year over the past 5 years.
Accelerating Growth: PZA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PZA had negative earnings growth (-9.5%) over the past year, making it difficult to compare to the Hospitality industry average (3.8%).
Return on Equity
High ROE: PZA's Return on Equity (8%) is considered low.
Financial Health
How is Pizza Pizza Royalty's financial position?
Financial Position Analysis
Short Term Liabilities: PZA's short term assets (CA$8.4M) exceed its short term liabilities (CA$2.5M).
Long Term Liabilities: PZA's short term assets (CA$8.4M) do not cover its long term liabilities (CA$70.3M).
Debt to Equity History and Analysis
Debt Level: PZA's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: PZA's debt to equity ratio has reduced from 17.7% to 16.2% over the past 5 years.
Debt Coverage: PZA's debt is well covered by operating cash flow (51.3%).
Interest Coverage: PZA's interest payments on its debt are well covered by EBIT (23x coverage).
Balance Sheet
Dividend
What is Pizza Pizza Royalty current dividend yield, its reliability and sustainability?
5.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PZA's dividend (5.82%) is higher than the bottom 25% of dividend payers in the Canadian market (1.61%).
High Dividend: PZA's dividend (5.82%) is in the top 25% of dividend payers in the Canadian market (4.72%)
Stability and Growth of Payments
Stable Dividend: PZA's dividends per share have been stable in the past 10 years.
Growing Dividend: PZA's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (92%), PZA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average board tenure
CEO
Pizza Pizza Royalty has no CEO, or we have no data on them.
Board Members
Experienced Board: PZA's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PZA insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Pizza Pizza Royalty Corp.'s employee growth, exchange listings and data sources
Key Information
- Name: Pizza Pizza Royalty Corp.
- Ticker: PZA
- Exchange: TSX
- Founded: 1967
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: CA$376.152m
- Shares outstanding: 32.18m
- Website: https://www.pizzapizza.ca
Location
- Pizza Pizza Royalty Corp.
- 500 Kipling Avenue
- Toronto
- Ontario
- M8Z 5E5
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/12/02 23:40 |
| End of Day Share Price | 2021/12/02 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.