PAPA JOHN’S INTERNATIONAL, INC.

PZZA

CIK 0000901491 · Quarterly mode · latest period FY2025 (Q4) (ending 2025-12-28) · sourced from SEC EDGAR

At a glance · FY2025 (Q4)

Revenue
$498M
↓-6.1% -$33Mvs FY2024 (Q4)
Operating Income
$25M
↓-17.0% -$5Mvs FY2024 (Q4)
Net Income
$7M
↓-52.2% -$8Mvs FY2024 (Q4)
Gross Profit
$145M
↓-5.3% -$8Mvs FY2024 (Q4)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Average
49/100
  • Profitability
    75ROIC 20.1% (10% = solid, 20%+ = moat)
  • Liquidity
    16Current Ratio 0.82 (above 1.5 = solid)
  • Leverage
    100D/E -1.62 (under 0.5 = conservative)
  • Efficiency
    100Asset Turnover 2.38x (1.0+ = capital-efficient)
  • Growth
    0Revenue YoY -6.1% (10% = solid, 25%+ = elite)
  • Margin Trend
    0Op Margin 4.9% · trend -3.3pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project PZZA's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

16%

Trailing 3-yr CAGR was 15.9%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$44.11
Total enterprise IV
$1.45B
Diluted shares
0.03B
Terminal PV
$1.09B (75% of total)
Year-5 FCF
$129M
YearProjected FCFDiscounted PV
+1$71M$65M
+2$82M$68M
+3$96M$72M
+4$111M$76M
+5$129M$80M
Terminal$1.76B$1.09B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$65M
investment in PP&E
Dividends paid (TTM)
$61M
cash returned to holders
Stock buybacks (TTM)
$0
share count reduction
Stock-based comp (TTM)
$15M
non-cash dilution

Balance sheet · 2025-12-28

latest filed snapshot
Total assets
$838M
everything owned
Total liabilities
$1.27B
everything owed
Stockholders' equity
$-445M
shareholder claim
Net debt
$688M
LT debt minus cash

Recent performance · 73 quarters

Revenue↓-6.1% -$33M
$498M
Net Income↓-52.2% -$8M
$7M
Free Cash Flow↓-91.6% -$23M
$2M
Operating Margin↓-0.6pts
4.9%

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