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Denny's

DB:DE8
Snowflake Description

Proven track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DE8
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Denny's Corporation, through its subsidiary, Denny's, Inc., owns and operates full-service restaurant chains under the Denny's brand. The last earnings update was 52 days ago. More info.


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DE8 Share Price and Events
7 Day Returns
-4.4%
DB:DE8
-2.7%
DE Hospitality
1.6%
DE Market
1 Year Returns
25.7%
DB:DE8
-52.3%
DE Hospitality
-7.4%
DE Market
DE8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Denny's (DE8) -4.4% 1.9% 10% 25.7% 84.7% 270%
DE Hospitality -2.7% -3.6% -8% -52.3% -25.6% -30.6%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • DE8 outperformed the Hospitality industry which returned -52.3% over the past year.
  • DE8 outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
DE8
Industry
5yr Volatility vs Market
Related Companies

DE8 Value

 Is Denny's undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Denny's to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Denny's.

DB:DE8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DE8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 21%) (35.8%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.124 * 5.96%)
6.93%

Discounted Cash Flow Calculation for DB:DE8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Denny's is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:DE8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.93%)
2019 54.28 Analyst x4 50.77
2020 52.69 Analyst x2 46.08
2021 39.70 Analyst x1 32.47
2022 36.01 Est @ -9.28% 27.55
2023 33.70 Est @ -6.43% 24.11
2024 32.20 Est @ -4.43% 21.55
2025 31.23 Est @ -3.03% 19.54
2026 30.58 Est @ -2.06% 17.90
2027 30.17 Est @ -1.37% 16.51
2028 29.90 Est @ -0.89% 15.30
Present value of next 10 years cash flows $271.77
DB:DE8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $29.90 × (1 + 0.23%) ÷ (6.93% – 0.23%)
$447.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $447.26 ÷ (1 + 6.93%)10
$228.91
DB:DE8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $271.77 + $228.91
$500.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $500.67 / 60.30
$8.3
DB:DE8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DE8 represents 0.87504x of NasdaqCM:DENN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87504x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 8.30 x 0.87504
€7.27
Value per share (EUR) From above. €7.27
Current discount Discount to share price of €17.70
= -1 x (€17.70 - €7.27) / €7.27
-143.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Denny's is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Denny's's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Denny's's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DE8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-27) in USD $0.79
NasdaqCM:DENN Share Price ** NasdaqCM (2019-06-24) in USD $20.23
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Denny's.

DB:DE8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:DENN Share Price ÷ EPS (both in USD)

= 20.23 ÷ 0.79

25.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Denny's is overvalued based on earnings compared to the DE Hospitality industry average.
  • Denny's is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Denny's's expected growth come at a high price?
Raw Data
DB:DE8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
3.9%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.27x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:DE8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.65x ÷ 3.9%

6.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Denny's is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Denny's's assets?
Raw Data
DB:DE8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-27) in USD $-2.30
NasdaqCM:DENN Share Price * NasdaqCM (2019-06-24) in USD $20.23
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.13x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:DE8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:DENN Share Price ÷ Book Value per Share (both in USD)

= 20.23 ÷ -2.30

-8.81x

* Primary Listing of Denny's.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Denny's has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Denny's's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Denny's has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DE8 Future Performance

 How is Denny's expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Denny's expected to grow at an attractive rate?
  • Denny's's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Denny's's earnings growth is positive but not above the Germany market average.
  • Denny's's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DE8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DE8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 3.9%
DB:DE8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -15.7%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DE8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DE8 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 454 62 1
2020-12-31 444 85 45 4
2019-12-31 567 93 49 4
DB:DE8 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-27 626 83 49
2018-12-26 630 74 44
2018-09-26 606 81 45
2018-06-27 580 72 44
2018-03-28 557 74 41
2017-12-27 529 78 40
2017-09-27 523 72 38
2017-06-28 519 81 38
2017-03-29 510 71 18
2016-12-28 507 71 19
2016-09-28 501 67 17
2016-06-29 497 67 16
2016-03-30 496 79 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Denny's's earnings are expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
  • Denny's's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DE8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Denny's Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DE8 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.09 1.09 1.09 1.00
2020-12-31 0.78 0.97 0.68 4.00
2019-12-31 0.78 0.85 0.73 4.00
DB:DE8 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-27 0.79
2018-12-26 0.69
2018-09-26 0.71
2018-06-27 0.67
2018-03-28 0.62
2017-12-27 0.58
2017-09-27 0.54
2017-06-28 0.53
2017-03-29 0.24
2016-12-28 0.26
2016-09-28 0.22
2016-06-29 0.20
2016-03-30 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Denny's will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Denny's's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Denny's has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DE8 Past Performance

  How has Denny's performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Denny's's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Denny's's year on year earnings growth rate has been positive over the past 5 years.
  • Denny's's 1-year earnings growth exceeds its 5-year average (20.7% vs 10.3%)
  • Denny's's earnings growth has exceeded the DE Hospitality industry average in the past year (20.7% vs -2.6%).
Earnings and Revenue History
Denny's's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Denny's Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DE8 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-27 626.32 49.42 66.02
2018-12-26 630.18 43.69 63.83
2018-09-26 606.13 45.34 64.30
2018-06-27 580.49 43.86 64.72
2018-03-28 556.53 40.98 65.61
2017-12-27 529.17 39.59 66.42
2017-09-27 523.28 37.72 68.66
2017-06-28 519.28 38.12 69.54
2017-03-29 510.22 17.82 68.92
2016-12-28 506.95 19.40 67.96
2016-09-28 501.37 16.89 67.80
2016-06-29 496.76 16.11 66.13
2016-03-30 495.76 37.40 66.63
2015-12-30 491.29 35.98 66.60
2015-09-30 496.00 36.90 67.90
2015-07-01 489.25 36.29 65.09
2015-04-01 480.55 34.83 61.93
2014-12-31 472.30 32.73 58.91
2014-09-24 457.82 27.31 55.27
2014-06-25 458.07 26.00 55.51
2014-03-26 460.02 23.92 55.78
2013-12-25 462.59 24.57 56.84
2013-09-25 464.29 26.79 57.21
2013-06-26 467.96 25.12 58.31
2013-03-27 476.12 23.53 59.28
2012-12-26 488.36 22.31 60.31
2012-09-26 502.61 107.88 57.34
2012-06-27 518.35 110.50 56.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Denny's has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Denny's used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Denny's's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Denny's's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Denny's has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DE8 Health

 How is Denny's's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Denny's's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Denny's's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Denny's's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Denny's's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Denny's has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Denny's Company Filings, last reported 2 months ago.

DB:DE8 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-27 -140.22 304.80 4.95
2018-12-26 -133.35 292.70 6.74
2018-09-26 -109.98 278.90 3.58
2018-06-27 -117.88 287.20 3.75
2018-03-28 -121.42 290.10 3.92
2017-12-27 -97.36 259.00 4.98
2017-09-27 -97.60 265.90 1.66
2017-06-28 -79.90 239.40 1.67
2017-03-29 -64.68 231.80 1.74
2016-12-28 -71.11 218.50 2.59
2016-09-28 -53.75 217.60 1.53
2016-06-29 -52.66 212.60 6.69
2016-03-30 -57.43 210.40 4.14
2015-12-30 -60.60 195.00 1.67
2015-09-30 -7.55 152.70 8.60
2015-07-01 2.71 142.20 5.13
2015-04-01 3.90 137.80 1.72
2014-12-31 1.58 140.00 3.07
2014-09-24 2.43 152.50 1.45
2014-06-25 -0.01 161.25 1.22
2014-03-26 5.74 155.25 1.41
2013-12-25 8.43 153.00 2.94
2013-09-25 0.39 155.50 6.33
2013-06-26 2.46 156.75 2.01
2013-03-27 1.82 166.00 10.26
2012-12-26 -4.46 170.00 13.57
2012-09-26 0.56 176.03 24.15
2012-06-27 -2.77 183.05 21.00
  • Denny's has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Denny's's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (24.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Denny's's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Denny's has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DE8 Dividends

 What is Denny's's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Denny's dividends.
If you bought €2,000 of Denny's shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Denny's's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Denny's's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DE8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DE8 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Denny's has not reported any payouts.
  • Unable to verify if Denny's's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Denny's's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Denny's has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Denny's's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Denny's afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Denny's has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DE8 Management

 What is the CEO of Denny's's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Miller
COMPENSATION $4,002,249
AGE 63
TENURE AS CEO 8.3 years
CEO Bio

Mr. John C. Miller serves as Chief Executive Officer and President at DFO, LLC. Mr. Miller has been the Chief Executive Officer and President of Denny's Corporation since February 2011. Mr. Miller served as Senior Vice President of Brinker International, Inc. Mr. Miller served as President of Romano's Macaroni Grill, Inc. from April 1997 to January 3, 2005. He joined Brinker International, Inc. as Vice President of Special Concepts in 1987. He served as Vice President of Joint Venture/Franchise at Brinker International, Inc. from 1988 to 1993 and served as its Senior Vice President of New Concept Development. He served as Senior Vice President of Mexican Concepts in 1994 and its Senior Vice President and Mexican Concepts President since 1995 until April 1997. He has been Director of Denny's Corporation since February 1, 2011. He served as the Chief Executive Officer and President of Taco Bueno Restaurants, Inc., an operator and franchisor of quick-service Mexican eateries form 2005 to 2011.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Denny's management team in years:

4.7
Average Tenure
55
Average Age
  • The tenure for the Denny's management team is about average.
Management Team

John Miller

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
63
TENURE
8.3 yrs

F. Wolfinger

TITLE
Executive VP
COMPENSATION
$2M
AGE
63
TENURE
13.8 yrs

Chris Bode

TITLE
Senior VP & COO
COMPENSATION
$975K
AGE
55
TENURE
4.7 yrs

Steve Dunn

TITLE
Senior VP & Chief Global Development Officer
COMPENSATION
$918K
AGE
53
TENURE
3.9 yrs

John Dillon

TITLE
Senior VP & Chief Brand Officer
COMPENSATION
$929K
AGE
46
TENURE
0.5 yrs

Jay Gilmore

TITLE
VP, Chief Accounting Officer & Corporate Controller
AGE
49

Michael Furlow

TITLE
Senior VP & Chief Information Officer
AGE
60
TENURE
2.2 yrs

Curt Nichols

TITLE
Senior Director of Investor Relations & Financial Analysis

Timothy Flemming

TITLE
Senior VP
COMPENSATION
$916K
AGE
57
TENURE
10.3 yrs

Jill Van Pelt

TITLE
Senior VP & Chief People Officer
AGE
49
TENURE
4.7 yrs
Board of Directors Tenure

Average tenure and age of the Denny's board of directors in years:

8.4
Average Tenure
63
Average Age
  • The tenure for the Denny's board of directors is about average.
Board of Directors

Brenda Lauderback

TITLE
Chair of the Board of Directors
COMPENSATION
$290K
AGE
67

John Miller

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
63
TENURE
8.3 yrs

F. Wolfinger

TITLE
Executive VP
COMPENSATION
$2M
AGE
63
TENURE
8.4 yrs

Don Robinson

TITLE
Director
COMPENSATION
$190K
AGE
65
TENURE
1.4 yrs

Gregg Dedrick

TITLE
Director
COMPENSATION
$190K
AGE
59
TENURE
9.4 yrs

José Gutiérrez

TITLE
Director
COMPENSATION
$190K
AGE
57
TENURE
6.4 yrs

Robert Marks

TITLE
Director
COMPENSATION
$190K
AGE
66
TENURE
21.4 yrs

Laysha Ward

TITLE
Director
COMPENSATION
$175K
AGE
50
TENURE
9.4 yrs

Bernadette Aulestia

TITLE
Director
COMPENSATION
$148K
AGE
45
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Denny's individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. May 19 Sell Donald Robinson Individual 16. May 19 16. May 19 -6,431 €17.55 €-112,856
16. May 19 Sell Brenda Lauderback Individual 15. May 19 15. May 19 -9,968 €17.17 €-171,129
15. May 19 Sell John Dillon Individual 13. May 19 13. May 19 -10,360 €17.13 €-177,493
27. Mar 19 Sell Robert Verostek Individual 25. Mar 19 25. Mar 19 -5,474 €16.03 €-87,723
22. Mar 19 Sell Stephen Dunn Individual 20. Mar 19 20. Mar 19 -12,000 €15.57 €-186,892
25. Feb 19 Sell John Miller Individual 21. Feb 19 22. Feb 19 -125,794 €16.10 €-1,991,025
X
Management checks
We assess Denny's's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Denny's has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DE8 News

Simply Wall St News

DE8 Company Info

Description

Denny's Corporation, through its subsidiary, Denny's, Inc., owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala. The company was formerly known as Advantica Restaurant Group, Inc. and changed its name to Denny's Corporation in 2002. The company was founded in 1953 and is headquartered in Spartanburg, South Carolina.

Details
Name: Denny's Corporation
DE8
Exchange: DB
Founded: 1953
$1,073,106,850
60,298,826
Website: http://www.dennys.com
Address: Denny's Corporation
203 East Main Street,
Spartanburg,
South Carolina, 29319,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM DENN Common Stock Par Value 0.01 Nasdaq Capital Market US USD 08. Jan 1998
DB DE8 Common Stock Par Value 0.01 Deutsche Boerse AG DE EUR 08. Jan 1998
Number of employees
Current staff
Staff numbers
9,000
Denny's employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 21:27
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/27
Last annual earnings reported: 2018/12/26


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.