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Papa Murphy's Holdings

DB:PY0
Snowflake Description

Moderate growth potential with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PY0
DB
$110M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Papa Murphy's Holdings, Inc., together with its subsidiaries, owns, operates, and franchises Take ‘N’ Bake pizza stores. The last earnings update was 15 days ago. More info.


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PY0 Share Price and Events
7 Day Returns
0.3%
DB:PY0
-2.5%
DE Hospitality
-0.6%
DE Market
1 Year Returns
20.6%
DB:PY0
-50.4%
DE Hospitality
-10.8%
DE Market
PY0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Papa Murphy's Holdings (PY0) 0.3% 0.7% 21.9% 20.6% -18.7% -
DE Hospitality -2.5% -6.5% -5.4% -50.4% -28.6% -22.6%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • PY0 outperformed the Hospitality industry which returned -50.4% over the past year.
  • PY0 outperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
PY0
Industry
5yr Volatility vs Market

Value

 Is Papa Murphy's Holdings 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 Papa Murphy's Holdings 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 Papa Murphy's Holdings.

DB:PY0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.2%
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:PY0
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 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.927 (1 + (1- 21%) (80.01%))
1.344
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.344 * 5.96%)
8.24%

Discounted Cash Flow Calculation for DB:PY0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Papa Murphy's Holdings 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:PY0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.24%)
2019 0.43 Est @ -36.52% 0.40
2020 0.32 Est @ -25.49% 0.27
2021 0.26 Est @ -17.78% 0.21
2022 0.23 Est @ -12.38% 0.17
2023 0.21 Est @ -8.59% 0.14
2024 0.20 Est @ -5.95% 0.12
2025 0.19 Est @ -4.09% 0.11
2026 0.18 Est @ -2.8% 0.10
2027 0.18 Est @ -1.89% 0.09
2028 0.18 Est @ -1.25% 0.08
Present value of next 10 years cash flows $1.68
DB:PY0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.18 × (1 + 0.23%) ÷ (8.24% – 0.23%)
$2.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2.23 ÷ (1 + 8.24%)10
$1.01
DB:PY0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1.68 + $1.01
$2.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2.69 / 17.03
$0.16
DB:PY0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PY0 represents 0.87891x of NasdaqGS:FRSH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87891x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.16 x 0.87891
€0.14
Value per share (EUR) From above. €0.14
Current discount Discount to share price of €5.67
= -1 x (€5.67 - €0.14) / €0.14
-3977.8%

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

  • The current share price of Papa Murphy's Holdings 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 Papa Murphy's Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Papa Murphy's Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PY0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-01) in USD $0.27
NasdaqGS:FRSH Share Price ** NasdaqGS (2019-05-23) in USD $6.45
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 19.43x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

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

** Primary Listing of Papa Murphy's Holdings.

DB:PY0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FRSH Share Price ÷ EPS (both in USD)

= 6.45 ÷ 0.27

24.02x

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

  • Papa Murphy's Holdings is overvalued based on earnings compared to the DE Hospitality industry average.
  • Papa Murphy's Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Papa Murphy's Holdings's expected growth come at a high price?
Raw Data
DB:PY0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
31.3%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.19x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Papa Murphy's Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Papa Murphy's Holdings's assets?
Raw Data
DB:PY0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-01) in USD $5.93
NasdaqGS:FRSH Share Price * NasdaqGS (2019-05-23) in USD $6.45
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:PY0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FRSH Share Price ÷ Book Value per Share (both in USD)

= 6.45 ÷ 5.93

1.09x

* Primary Listing of Papa Murphy's Holdings.

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

  • Papa Murphy's Holdings is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Papa Murphy's Holdings'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. Papa Murphy's Holdings has a total score of 1/6, 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.

Future Performance

 How is Papa Murphy's Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Papa Murphy's Holdings, future earnings growth has been estimated based on fundamentals.
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
31.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Papa Murphy's Holdings expected to grow at an attractive rate?
  • Papa Murphy's Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Papa Murphy's Holdings's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Papa Murphy's Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PY0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PY0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31.3%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:PY0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PY0 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:PY0 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-04-01 121 6 5
2018-12-31 126 10 4
2018-10-01 133 12 14
2018-07-02 138 15 12
2018-04-02 143 20 5
2018-01-01 149 16 -2
2017-10-02 145 16 -12
2017-07-03 140 15 -10
2017-04-03 134 15 -3
2017-01-02 127 17 3
2016-09-26 125 15 4
2016-06-27 125 19 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Papa Murphy's Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Papa Murphy's Holdings is high growth as no revenue estimate data is available.
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:PY0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Papa Murphy's Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PY0 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:PY0 Past Financials Data
Date (Data in USD Millions) EPS *
2019-04-01 0.27
2018-12-31 0.26
2018-10-01 0.86
2018-07-02 0.74
2018-04-02 0.29
2018-01-01 -0.11
2017-10-02 -0.74
2017-07-03 -0.61
2017-04-03 -0.19
2017-01-02 0.16
2016-09-26 0.23
2016-06-27 0.32

*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 Papa Murphy's Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Papa Murphy's Holdings'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.
Papa Murphy's Holdings has a total score of 3/6, 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.

Past Performance

  How has Papa Murphy's Holdings 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 Papa Murphy's Holdings'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.
  • Papa Murphy's Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Papa Murphy's Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Papa Murphy's Holdings's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Papa Murphy's Holdings'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 Papa Murphy's Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PY0 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-01 120.63 4.55 47.76
2018-12-31 126.43 4.32 48.23
2018-10-01 132.93 14.48 46.06
2018-07-02 137.79 12.44 46.68
2018-04-02 143.11 4.97 46.07
2018-01-01 148.51 -1.82 57.50
2017-10-02 145.46 -12.49 53.47
2017-07-03 140.28 -10.24 47.34
2017-04-03 134.07 -3.20 42.56
2017-01-02 126.88 2.65 28.11
2016-09-26 125.19 3.81 28.29
2016-06-27 124.80 5.35 28.13
2016-03-28 124.03 2.96 30.38
2015-12-28 120.21 4.91 28.21
2015-09-28 114.69 5.10 29.09
2015-06-29 108.73 3.19 27.29
2015-03-30 101.45 2.47 27.95
2014-12-29 97.40 -0.90 29.26
2014-09-29 91.78 -8.18 28.37
2014-06-30 88.74 -9.43 29.96
2014-03-31 86.02 -8.89 26.65
2013-12-30 80.50 -8.99 24.18
2013-09-30 76.59 -4.50 21.94
2012-12-31 66.92 -8.56 21.23

*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.
  • Papa Murphy's Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Papa Murphy's Holdings used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Papa Murphy's Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Papa Murphy's Holdings'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.
Papa Murphy's Holdings has a total score of 2/6, 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.

Health

 How is Papa Murphy's Holdings'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 Papa Murphy's Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Papa Murphy's Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Papa Murphy's Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Papa Murphy's Holdings'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 Papa Murphy's Holdings Company Filings, last reported 1 month ago.

DB:PY0 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-01 101.03 87.88 0.37
2018-12-31 99.02 93.36 5.77
2018-10-01 97.11 96.22 3.36
2018-07-02 97.56 99.96 1.69
2018-04-02 95.91 106.90 1.52
2018-01-01 94.14 115.07 2.17
2017-10-02 88.51 100.41 0.90
2017-07-03 90.30 104.83 1.54
2017-04-03 96.31 108.85 0.45
2017-01-02 101.50 108.84 2.07
2016-09-26 99.78 112.06 0.51
2016-06-27 99.99 110.87 0.44
2016-03-28 98.52 108.80 0.48
2015-12-28 97.66 111.04 6.87
2015-09-28 94.70 111.66 5.48
2015-06-29 93.15 112.78 1.09
2015-03-30 94.60 115.00 1.05
2014-12-29 91.74 113.52 5.06
2014-09-29 88.70 115.00 0.60
2014-06-30 89.46 115.08 4.01
2014-03-31 35.27 171.00 2.24
2013-12-30 34.15 170.00 3.71
2013-09-30 68.23 120.62 0.81
2012-12-31 67.50 125.28 2.43
  • Papa Murphy's Holdings's level of debt (87%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (465.6% vs 87% today).
  • Debt is not well covered by operating cash flow (6.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Papa Murphy's Holdings'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. Papa Murphy's Holdings has a total score of 1/6, 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.

Dividends

 What is Papa Murphy's Holdings'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 Papa Murphy's Holdings dividends.
If you bought €2,000 of Papa Murphy's Holdings 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 Papa Murphy's Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Papa Murphy's Holdings'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:PY0 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 0 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 7.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:PY0 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Papa Murphy's Holdings has not reported any payouts.
  • Unable to verify if Papa Murphy's Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Papa Murphy's Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Papa Murphy's Holdings 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 Papa Murphy's Holdings'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 Papa Murphy's Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Papa Murphy's Holdings 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.

Management

 What is the CEO of Papa Murphy's Holdings'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
Weldon Spangler
COMPENSATION $751,753
AGE 53
TENURE AS CEO 1.9 years
CEO Bio

Mr. Weldon Spangler has been Chief Executive Officer and Director of Papa Murphy's Holdings, Inc. since June 2017. Mr. Spangler has more than 20 years of experience in management of multi-unit retail operations. Mr. Spangler spent seven years with Dunkin' Brands Group, having most recently served as Senior Vice President of Baskin-Robbins US and Canada at Dunkin' Brands Group, Inc since September 2015. Mr. Spangler served as Vice President of Dunkin' Donuts Operations for U.S. and Canada of Dunkin' Brands Group, Inc since December 06, 2012. He served as Vice President of South Central of Dunkin' Donuts LLC. Mr. Spangler served as a Regional Vice President of Midwest at Dunkin' Donuts Incorporated since June 2010 and was responsible for translating its business strategy into day-to-day execution at Dunkin' Donuts restaurants in the Midwest region. Prior to Dunkin Brands, Mr. Spangler held significant leadership roles at Starbucks Corporation and YUM Brands. Mr. Spangler served as a Division Vice President of West - KinderCare Learning Centers at Knowledge Learning Corp. At Knowledge Learning Corp., Mr. Spangler was responsible for driving sales strategies focused on its initiatives to grow new and existing center enrollments, ensuring that Knowledge Learning centers provide a quality learning and care environment and outstanding customer service while meeting all fiscal, regulatory and management objectives. Mr. Spangler served as Regional Vice President of the Pacific Northwest Region for Starbucks, where he oversaw all aspects of management, including store operations for more than 600 retail outlets, regional marketing, human resources and new and existing store development. Mr. Spangler began his career at Taco Bell, overseeing field operations in several markets as a District Manager and Zone Manager.

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

Average tenure and age of the Papa Murphy's Holdings management team in years:

1.9
Average Tenure
51
Average Age
  • The average tenure for the Papa Murphy's Holdings management team is less than 2 years, this suggests a new team.
Management Team

Weldon Spangler

TITLE
CEO, President & Director
COMPENSATION
$752K
AGE
53
TENURE
1.9 yrs

Nik Rupp

TITLE
Chief Financial Officer
COMPENSATION
$342K
AGE
42
TENURE
1.1 yrs

Blackwell Tullett

TITLE
Chief Legal Officer & Corporate Secretary
COMPENSATION
$533K
AGE
50
TENURE
6.5 yrs

Laura Szeliga

TITLE
Chief Marketing Officer
TENURE
1.3 yrs

Dan Harmon

TITLE
Senior Vice President of Operations
AGE
52
TENURE
5.8 yrs

Jeff Shamburger

TITLE
Senior Vice President of Marketing

David Reid

TITLE
Controller and Vice President of Accounting
Board of Directors Tenure

Average tenure and age of the Papa Murphy's Holdings board of directors in years:

3.4
Average Tenure
50.5
Average Age
  • The tenure for the Papa Murphy's Holdings board of directors is about average.
Board of Directors

Jean Birch

TITLE
Chairman
COMPENSATION
$76K
AGE
58
TENURE
2.7 yrs

Weldon Spangler

TITLE
CEO, President & Director
COMPENSATION
$752K
AGE
53
TENURE
1.9 yrs

Jack Shafer

TITLE
Independent Director
COMPENSATION
$51K
AGE
74
TENURE
12.6 yrs

Rob Weisberg

TITLE
Director
COMPENSATION
$52K
AGE
46
TENURE
4.1 yrs

Katie Scherping

TITLE
Independent Director
COMPENSATION
$58K
AGE
58
TENURE
2.3 yrs

Benjamin Hochberg

TITLE
Director
AGE
46
TENURE
9 yrs

Yoo Kim

TITLE
Director
AGE
48
TENURE
9 yrs

L. Mounts

TITLE
Independent Director
COMPENSATION
$46K
AGE
54
TENURE
4.8 yrs

Alex Matina

TITLE
Independent Director
COMPENSATION
$53K
AGE
42
TENURE
1.4 yrs

Noah Elbogen

TITLE
Independent Director
COMPENSATION
$53K
AGE
35
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Papa Murphy's Holdings'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. Papa Murphy's Holdings 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.

News

Simply Wall St News

Company Info

Description

Papa Murphy's Holdings, Inc., together with its subsidiaries, owns, operates, and franchises Take ‘N’ Bake pizza stores. The company operates in three segments: Franchise, Company Stores, and Brand Funds. As of December 31, 2018, it operated approximately 1,437 stores, including 1,294 franchised and 106 company-owned stores in 37 states, as well as 12 stores in Canada and 25 stores in the Middle East. The company was founded in 1981 and is headquartered in Vancouver, Washington.

Details
Name: Papa Murphy's Holdings, Inc.
PY0
Exchange: DB
Founded: 1981
$98,362,127
17,029,528
Website: http://www.papamurphys.com
Address: Papa Murphy's Holdings, Inc.
8000 NE Parkway Drive,
Suite 350,
Vancouver,
Washington, 98662,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FRSH Common Shares Nasdaq Global Select US USD 02. May 2014
DB PY0 Common Shares Deutsche Boerse AG DE EUR 02. May 2014
Number of employees
Current staff
Staff numbers
1,288
Papa Murphy's Holdings employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:22
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2018/03/14
Last earnings filing: 2019/05/08
Last earnings reported: 2019/04/01
Last annual earnings reported: 2018/12/31


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.