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Dunkin' Brands Group

Nasdaq:DNKN
Snowflake Description

Second-rate dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DNKN
Nasdaq
$7B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Dunkin' Brands Group, Inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The last earnings update was 39 days ago. More info.


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DNKN Share Price and Events
7 Day Returns
2.2%
NasdaqGS:DNKN
1.7%
US Hospitality
0.5%
US Market
1 Year Returns
17.1%
NasdaqGS:DNKN
-10.8%
US Hospitality
0.8%
US Market
DNKN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dunkin' Brands Group (DNKN) 2.2% 6.5% 11.8% 17.1% 78.4% 83.5%
US Hospitality 1.7% -1.4% 1.9% -10.8% 40.5% 20.1%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • DNKN outperformed the Hospitality industry which returned -10.8% over the past year.
  • DNKN outperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
DNKN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Dunkin' Brands Group 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 Dunkin' Brands Group 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 Dunkin' Brands Group.

NasdaqGS:DNKN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:DNKN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
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))
= 0.921 (1 + (1- 21%) (52.33%))
1.202
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.202 * 5.96%)
9.89%

Discounted Cash Flow Calculation for NasdaqGS:DNKN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dunkin' Brands Group 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.

NasdaqGS:DNKN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.89%)
2019 250.55 Analyst x5 227.99
2020 282.93 Analyst x5 234.28
2021 276.90 Analyst x1 208.65
2022 274.99 Est @ -0.69% 188.56
2023 275.92 Est @ 0.34% 172.16
2024 278.83 Est @ 1.05% 158.31
2025 283.17 Est @ 1.56% 146.31
2026 288.57 Est @ 1.91% 135.68
2027 294.79 Est @ 2.16% 126.12
2028 301.66 Est @ 2.33% 117.44
Present value of next 10 years cash flows $1,715.50
NasdaqGS:DNKN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $301.66 × (1 + 2.73%) ÷ (9.89% – 2.73%)
$4,326.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,326.40 ÷ (1 + 9.89%)10
$1,684.36
NasdaqGS:DNKN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,715.50 + $1,684.36
$3,399.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,399.86 / 82.65
$41.14
NasdaqGS:DNKN Discount to Share Price
Calculation Result
Value per share (USD) From above. $41.14
Current discount Discount to share price of $80.23
= -1 x ($80.23 - $41.14) / $41.14
-95%

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

  • The current share price of Dunkin' Brands Group 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 Dunkin' Brands Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dunkin' Brands Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:DNKN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $2.80
NasdaqGS:DNKN Share Price ** NasdaqGS (2019-06-14) in USD $80.23
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.39x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

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

** Primary Listing of Dunkin' Brands Group.

NasdaqGS:DNKN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 80.23 ÷ 2.80

28.6x

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

  • Dunkin' Brands Group is overvalued based on earnings compared to the US Hospitality industry average.
  • Dunkin' Brands Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Dunkin' Brands Group's expected growth come at a high price?
Raw Data
NasdaqGS:DNKN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
7.5%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.9x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:DNKN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.6x ÷ 7.5%

3.82x

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

  • Dunkin' Brands Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dunkin' Brands Group's assets?
Raw Data
NasdaqGS:DNKN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $-8.37
NasdaqGS:DNKN Share Price * NasdaqGS (2019-06-14) in USD $80.23
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.25x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:DNKN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 80.23 ÷ -8.37

-9.59x

* Primary Listing of Dunkin' Brands Group.

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

  • Dunkin' Brands Group has negative assets, we can't compare the value of its assets to the US Hospitality industry average.
X
Value checks
We assess Dunkin' Brands Group'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. Dunkin' Brands Group 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.

Future Performance

 How is Dunkin' Brands Group expected to perform in the next 1 to 3 years based on estimates from 23 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
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dunkin' Brands Group expected to grow at an attractive rate?
  • Dunkin' Brands Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dunkin' Brands Group's earnings growth is positive but not above the United States of America market average.
  • Dunkin' Brands Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:DNKN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:DNKN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 7.5%
NasdaqGS:DNKN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3.4%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGS:DNKN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:DNKN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,585 1
2022-12-31 1,529 1
2021-12-31 1,464 315 269 7
2020-12-31 1,419 305 257 23
2019-12-31 1,371 257 234 23
NasdaqGS:DNKN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 1,339 269 232
2018-12-29 1,322 269 230
2018-09-29 902 277 391
2018-06-30 882 278 366
2018-03-31 1,281 276 277
2017-12-30 1,276 283 271
2017-09-30 1,176 272 193
2017-07-01 1,053 262 204
2017-04-01 935 246 203
2016-12-31 1,248 282 175
2016-09-24 817 234 131
2016-06-25 820 220 124

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dunkin' Brands Group's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Dunkin' Brands Group's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
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
NasdaqGS:DNKN 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 23 Analyst Estimates (S&P Global) See Below

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

NasdaqGS:DNKN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.30 3.50 3.18 3.00
2020-12-31 3.14 3.50 2.96 13.00
2019-12-31 2.82 3.01 2.67 13.00
NasdaqGS:DNKN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 2.80
2018-12-29 2.75
2018-09-29 4.57
2018-06-30 4.19
2018-03-31 3.09
2017-12-30 2.99
2017-09-30 2.11
2017-07-01 2.23
2017-04-01 2.21
2016-12-31 1.91
2016-09-24 1.42
2016-06-25 1.34

*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 Dunkin' Brands Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dunkin' Brands Group'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Dunkin' Brands Group 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.

Past Performance

  How has Dunkin' Brands Group 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 Dunkin' Brands Group'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.
  • Dunkin' Brands Group's year on year earnings growth rate has been positive over the past 5 years.
  • Dunkin' Brands Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dunkin' Brands Group's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
Dunkin' Brands Group'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 Dunkin' Brands Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:DNKN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 1,339.37 232.08 243.17
2018-12-29 1,321.62 229.91 246.79
2018-09-29 901.89 391.07 252.97
2018-06-30 881.95 366.17 249.56
2018-03-31 1,280.54 277.07 246.18
2017-12-30 1,275.55 271.21 246.73
2017-09-30 1,176.31 192.68 245.24
2017-07-01 1,053.34 204.22 244.03
2017-04-01 935.47 202.72 246.42
2016-12-31 1,248.36 175.29 242.25
2016-09-24 816.98 130.52 240.20
2016-06-25 819.69 124.02 242.26
2016-03-26 814.80 116.75 243.08
2015-12-26 810.93 105.23 242.47
2015-09-26 800.35 166.68 240.84
2015-06-27 783.18 175.16 235.44
2015-03-28 762.67 179.03 227.18
2014-12-27 748.71 176.36 226.30
2014-09-27 738.67 165.92 225.60
2014-06-28 732.35 151.44 227.95
2014-03-29 723.93 146.06 234.73
2013-12-28 713.84 146.90 230.19
2013-09-28 692.37 139.17 233.33
2013-06-29 677.77 128.45 225.30
2013-03-30 667.67 106.11 216.05
2012-12-29 658.18 108.31 216.20
2012-09-29 664.98 85.43 214.18
2012-06-30 656.77 63.34 226.39

*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 Dunkin' Brands Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Dunkin' Brands Group used its assets more efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Dunkin' Brands Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dunkin' Brands Group'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.
Dunkin' Brands Group 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 Dunkin' Brands Group'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 Dunkin' Brands Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dunkin' Brands Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dunkin' Brands Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dunkin' Brands Group'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.
  • Dunkin' Brands Group 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 Dunkin' Brands Group Company Filings, last reported 2 months ago.

NasdaqGS:DNKN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 -691.29 3,469.59 458.71
2018-12-29 -712.80 3,049.75 517.59
2018-09-29 -735.56 3,056.26 428.18
2018-06-30 -817.81 3,063.09 367.94
2018-03-31 -860.28 3,068.36 338.46
2017-12-30 -254.54 3,075.13 1,018.32
2017-09-30 -174.09 2,420.88 266.98
2017-07-01 -185.40 2,425.57 264.66
2017-04-01 -119.00 2,430.35 323.17
2016-12-31 -163.26 2,435.14 361.43
2016-09-24 -167.23 2,439.59 270.23
2016-06-25 -203.69 2,444.40 248.21
2016-03-26 -234.59 2,449.21 223.52
2015-12-26 -220.74 2,453.64 260.43
2015-09-26 -65.79 2,496.44 324.53
2015-06-27 -87.89 2,502.87 328.60
2015-03-28 -84.86 2,509.29 340.39
2014-12-27 374.95 1,807.56 208.08
2014-09-27 354.54 1,816.66 155.67
2014-06-28 370.23 1,816.20 176.38
2014-03-29 398.10 1,820.76 202.42
2013-12-28 412.29 1,831.04 256.93
2013-09-28 386.32 1,835.75 209.80
2013-06-29 358.03 1,835.46 177.00
2013-03-30 346.11 1,841.46 179.19
2012-12-29 349.98 1,860.39 252.62
2012-09-29 321.46 1,859.62 165.64
2012-06-30 755.12 1,465.95 218.69
  • Dunkin' Brands Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Dunkin' Brands Group's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (8.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Dunkin' Brands Group'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. Dunkin' Brands Group 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.

Dividends

 What is Dunkin' Brands Group'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
1.87%
Current annual income from Dunkin' Brands Group dividends. Estimated to be 1.99% next year.
If you bought $2,000 of Dunkin' Brands Group shares you are expected to receive $37 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?
  • Dunkin' Brands Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Dunkin' Brands Group's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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
NasdaqGS:DNKN 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 23 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:DNKN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.72 4.00
2020-12-31 1.63 13.00
2019-12-31 1.52 13.00
NasdaqGS:DNKN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 1.500 1.989
2019-02-27 1.500 2.040
2019-02-07 1.500 2.160
2018-11-07 1.390 2.008
2018-10-25 1.390 1.916
2018-08-08 1.390 1.905
2018-07-26 1.390 1.978
2018-02-06 1.390 2.180
2017-10-26 1.290 2.109
2017-07-27 1.290 2.415
2017-05-04 1.290 2.314
2017-02-21 1.290 2.346
2017-02-09 1.290 2.343
2016-10-20 1.200 2.330
2016-07-21 1.200 2.472
2016-04-28 1.200 2.672
2015-10-22 1.060 2.460
2015-07-23 1.060 2.200
2015-04-23 1.060 1.983
2015-02-05 1.060 2.234
2014-10-23 0.920 2.013
2014-07-24 0.920 2.066
2014-04-24 0.920 2.048
2014-02-06 0.920 1.839
2013-10-24 0.760 1.600
2013-07-25 0.760 1.708
2013-04-25 0.760 1.821
2013-01-31 0.760 2.030
2012-10-25 0.600 1.847
2012-07-26 0.600 1.987
2012-04-26 0.600 1.802
2012-03-06 0.600 1.947

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

  • Whilst dividend payments have been stable, Dunkin' Brands Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Dunkin' Brands Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Dunkin' Brands Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Dunkin' Brands Group'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 Dunkin' Brands Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dunkin' Brands Group has a total score of 3/6, 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 Dunkin' Brands Group'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
Dave Hoffmann
COMPENSATION $4,833,544
AGE 50
TENURE AS CEO 0.9 years
CEO Bio

Mr. David L. Hoffmann, also known as Dave, has been Chief Executive Officer of Dunkin' Brands Group, Inc. since July 11, 2018 and its Director since July 10, 2018. Mr. Hoffmann serves as the President of Dunkin' Donuts USA, Inc. and Dunkin' Donuts LLC Mr. Hoffmann has been the President of Donuts U.S. and Canada at Dunkin' Brands Group, Inc. since October 3, 2016. Mr. Hoffmann is responsible for Dunkin' Donuts operations and marketing in the U.S. and Canada, as well as global franchising and store development for both Dunkin' Donuts and Baskin-Robbins. Mr. Hoffmann is a proven leader with a wealth of quick service restaurant and franchising experience and a solid track record of delivering growth in a wide range of economic and competitive environments. His financial and industry expertise, combined with his strong talent development skills and experience using digital technologies to enhance the restaurant experience, makes him uniquely positioned to help accelerate Dunkin' Donuts' strategic expansion in the U.S. Mr. Hoffmann joined Dunkin' Brands after 22 years with McDonald's Corporation. Mr. Hoffmann served as the President of High-Growth Markets at McDonald's Corporation since July 1, 2015 until September 30, 2016. Mr. Hoffmann served as the President of Asia/Pacific, Middle East & Africa Operations at McDonald's Corp. from July 1, 2012 to June 1,2015. He served as Senior Vice President of Restaurant Support for McDonald's Asia/Pacific, Middle East and Africa Region at McDonald's Corp. from January 2012 to June 2012. Prior to that, he served as Vice President of Strategy, Insights & Development for Asia/Pacific, Middle East and Africa at McDonald's Corp. from May 2011 to December 2011. and served as its Executive Vice President of McDonald's Japan from November 2008 to April 2011. After holding a series of field operations positions, Mr. Hoffmann moved to the corporate office where he held leadership positions in numerous key functions including strategy and insights, development, training, operations and supply chain. Since 2008, when he was named Vice President of Strategy and Franchising in Japan, Mr. Hoffmann has held general management positions covering a wide range of international markets including Asia Pacific, the Middle East and Africa. He is a 17-year McDonald's veteran and has served in key leadership roles in APMEA since 2007. He was responsible for Restaurant Support in APMEA, he leads APMEA Strategy, Insights and Development, Operations and Supply Chain. Prior to McDonald's, Mr. Hoffmann worked for Arthur Andersen. Previously, he spent four years partnering with the McDonald's Japan Executive Team, where he was instrumental in the successful restructuring of Japan's franchising system. He played a key role in developing and driving the high-level strategies for company-operated restaurant performance, field service operations, supply chain and restaurant development. Prior to his time in APMEA, he served as a Senior Director for both North America and Global Strategy and Execution. He worked closely with McDonald's market leaders around the world on building their plans and developing strategies for greater growth and profitability. He began his career as restaurant manager in the U.S. and went on to hold a variety of U.S. Field and Operations positions. He worked as a McDonald's crew member for two years during high school in Missouri and later re-joined the company, post M.B.A., through its management training program. Mr. Hoffmann holds BS in accounting from the Indiana University and an MBA from the University of Chicago. He is also a Certified Public Accountant (CPA).

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

Average tenure and age of the Dunkin' Brands Group management team in years:

1.5
Average Tenure
50
Average Age
  • The average tenure for the Dunkin' Brands Group management team is less than 2 years, this suggests a new team.
Management Team

Dave Hoffmann

TITLE
CEO & Director
COMPENSATION
$5M
AGE
50
TENURE
0.9 yrs

Kate Jaspon

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
41
TENURE
2.2 yrs

Scott Murphy

TITLE
Senior VP & COO of Dunkin' U.S.
COMPENSATION
$1M
AGE
45
TENURE
6.3 yrs

Tony Weisman

TITLE
Senior VP & Chief Marketing Officer of Dunkin' Donuts U.S.
COMPENSATION
$2M
AGE
58
TENURE
1.8 yrs

Gary Heckel

TITLE
VP - Concept Development & Restaurant Operating Systems and Member of the Executive Council

Jack Clare

TITLE
Chief Information & Strategy Officer
AGE
47
TENURE
4.3 yrs

Stacey Caravella

TITLE
Senior Director of Investor Relations & Competitive Intelligence

William Mann

TITLE
Senior VP
TENURE
0.3 yrs

Karen Raskopf

TITLE
Chief Communications & Sustainability Officer and Senior VP of Corporate Communications
AGE
63
TENURE
1.3 yrs

John Varughese

TITLE
Senior Vice President of International
AGE
52
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Dunkin' Brands Group board of directors in years:

6.1
Average Tenure
59
Average Age
  • The tenure for the Dunkin' Brands Group board of directors is about average.
Board of Directors

Nigel Travis

TITLE
Non-Executive Chairman
COMPENSATION
$5M
AGE
68
TENURE
6.1 yrs

Dave Hoffmann

TITLE
CEO & Director
COMPENSATION
$5M
AGE
50
TENURE
0.9 yrs

Mike Hines

TITLE
Independent Director
COMPENSATION
$201K
AGE
62
TENURE
8.4 yrs

Raul Alvarez

TITLE
Lead Independent Director
COMPENSATION
$219K
AGE
63
TENURE
6.1 yrs

Irene Britt

TITLE
Independent Director
COMPENSATION
$196K
AGE
55
TENURE
5.1 yrs

Caroline Apovian

TITLE
Member of Nutrition Advisory Board

Aryeh Stein

TITLE
Member of Nutrition Advisory Board

Janice Bissex

TITLE
Member of Nutrition Advisory Board

Anthony DiNovi

TITLE
Independent Director
COMPENSATION
$185K
AGE
55
TENURE
13.4 yrs

Mark Nunnelly

TITLE
Independent Director
COMPENSATION
$185K
AGE
59
TENURE
13.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Dunkin' Brands Group'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. Dunkin' Brands Group 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

Read This Before Considering Dunkin' Brands Group, Inc. (NASDAQ:DNKN) For Its Upcoming US$0.38 Dividend

Check out our latest analysis for Dunkin' Brands Group Here's how I find good dividend stocks Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is their annual yield among the top 25% of dividend payers? … NasdaqGS:DNKN Historical Dividend Yield, May 26th 2019 How well does Dunkin' Brands Group fit our criteria? … Unfortunately, it is really too early to view Dunkin' Brands Group as a dividend investment.

Simply Wall St -

Is Dunkin' Brands Group, Inc.'s (NASDAQ:DNKN) 2.0% Dividend Worth Your Time?

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … With a 2.0% yield and a seven-year payment history, investors probably think Dunkin' Brands Group looks like a reliable dividend stock. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Will Dunkin' Brands Group, Inc.'s (NASDAQ:DNKN) Earnings Grow In The Next 12 Months?

On 29 December 2018, Dunkin' Brands Group, Inc. … analyst consensus outlook appear cautiously subdued, … the higher past 5-year average growth rate of 19%.

Simply Wall St -

Are Dunkin' Brands Group, Inc.’s (NASDAQ:DNKN) High Returns Really That Great?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

How Do Analysts See Dunkin' Brands Group, Inc. (NASDAQ:DNKN) Performing Over The Next Few Years?

Help shape the future of investing tools and you could win a $250 gift card! … Dunkin' Brands Group, Inc.'s (NASDAQ:DNKN) most recent earnings announcement in December 2018

Simply Wall St -

Read This Before You Buy Dunkin' Brands Group, Inc. (NASDAQ:DNKN) Because Of Its P/E Ratio

To keep it practical, we'll show how Dunkin' Brands Group, Inc.'s (NASDAQ:DNKN) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Dunkin' Brands Group's P/E ratio is 14.77. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Does Dunkin' Brands Group Inc (NASDAQ:DNKN) Fare As A Dividend Stock?

Historically, Dunkin' Brands Group Inc (NASDAQ:DNKN) has paid a dividend to shareholders. … Let's take a look at Dunkin' Brands Group in more detail. … See our latest analysis for Dunkin' Brands Group

Simply Wall St -

Does Dunkin' Brands Group Inc (NASDAQ:DNKN)'s Capital Return Make The Cut?

and want a simplistic look at the return on Dunkin' Brands Group Inc (NASDAQ:DNKN) stock. … Therefore, looking at how efficiently Dunkin' Brands Group is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Only 2 Days Left Before Dunkin' Brands Group Inc (NASDAQ:DNKN) Will Start Trading Ex-Dividend, Should You Buy?

If you are interested in cashing in on Dunkin' Brands Group Inc's (NASDAQ:DNKN) upcoming dividend of US$0.35 per share, you only have 2 days left to buy the shares before its ex-dividend date, 24 August 2018, in time for dividends payable on the 05 September 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Dunkin' Brands Group's most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

Should Dunkin' Brands Group Inc (NASDAQ:DNKN) Be Part Of Your Dividend Portfolio?

Dunkin' Brands Group Inc (NASDAQ:DNKN) has returned to shareholders over the past 6 years, an average dividend yield of 2.00% annually. … Let's take a look at Dunkin' Brands Group in more detail. … See our latest analysis for Dunkin' Brands Group

Simply Wall St -

Company Info

Description

Dunkin' Brands Group, Inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants worldwide. The company operates through five segments: Dunkin' U.S., Dunkin' International, Baskin-Robbins International, Baskin-Robbins U.S., and U.S. Advertising Funds. Its restaurants serve hot and cold coffee, baked goods, and hard serve ice cream. The company also offers packaged coffee, Dunkin’ K-Cup pods, and ready-to-drink bottled iced coffee in retail outlets. As of December 29, 2018, it had 12,871 Dunkin' Donuts points of distribution and 8,041 Baskin-Robbins points of distribution. The company franchises its restaurants under the Dunkin' Donuts and Baskin-Robbins brands. Dunkin' Brands Group, Inc. is headquartered in Canton, Massachusetts.

Details
Name: Dunkin' Brands Group, Inc.
DNKN
Exchange: NasdaqGS
Founded:
$6,630,645,897
82,645,468
Website: http://www.dunkinbrands.com
Address: Dunkin' Brands Group, Inc.
130 Royall Street,
Canton,
Massachusetts, 02021,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS DNKN Common Stock Nasdaq Global Select US USD 27. Jul 2011
DB 2DB Common Stock Deutsche Boerse AG DE EUR 27. Jul 2011
Number of employees
Current staff
Staff numbers
1,107
Dunkin' Brands Group employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 00:34
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/13
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


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.