(PZZA) Papa John's International - NASDAQ
Sector: Consumer Cyclical | Industry: Restaurants | Exchange: NASDAQ (USA) | Market Cap: 1.200m USD | Total Return: -20.5% in 12m
Avg Turnover: 33.8M
EPS Trend: -89.1%
Qual. Beats: 0
Rev. Trend: -66.7%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Papa Johns International, Inc. (PZZA) operates and franchises pizza delivery and carryout restaurants under the Papa Johns brand across the United States, Canada, and other international markets. The company reports through four segments: Domestic Company-Owned Restaurants, North America Franchising, North America Commissaries, and International, combining a traditional franchise model with a vertically integrated commissary system that supplies pizza sauce, dough, food products, paper products, smallware, and cleaning supplies to its restaurant network. Founded in 1984 and headquartered in Louisville, Kentucky, Papa Johns is listed on NASDAQ and is classified within the GICS Consumer Discretionary sector, specifically the Restaurants sub-industry, which is dominated by quick-service and fast-casual operators that rely heavily on franchise-driven unit growth, delivery and digital ordering channels, and supply chain efficiencies to manage food and labor costs.
- North America same-store sales drive franchising royalty growth
- Cheese and wheat commodity inflation pressures restaurant-level margins
- International unit growth accelerates in UK and Latin America markets
| Net Income: 28.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.73 > 1.0 |
| NWC/Revenue: -2.20% < 20% (prev -1.98%; Δ -0.22% < -1%) |
| CFO/TA 0.12 > 3% & CFO 101.9m > Net Income 28.6m |
| Net Debt (1.13b) to EBITDA (238.8m): 4.74 < 3 |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (33.0m) vs 12m ago 0.38% < -2% |
| Gross Margin: 23.32% > 18% (prev 26.91%; Δ -3.59% > 0.5%) |
| Asset Turnover: 232.8% > 50% (prev 229.8%; Δ 3.05% > 0%) |
| Interest Coverage Ratio: 1.79 > 6 (EBIT TTM 147.2m / Interest Expense TTM 82.3m) |
| A: -0.05 (Total Current Assets 240.4m - Total Current Liabilities 284.7m) / Total Assets 831.9m |
| B: 0.24 (Retained Earnings 202.6m / Total Assets 831.9m) |
| C: 0.17 (EBIT TTM 147.2m / Avg Total Assets 865.0m) |
| D: -0.35 (Book Value of Equity -449.1m / Total Liabilities 1.27b) |
| Altman-Z'' = 1.22 = BB |
| DSRI: 1.02 (Receivables 106.9m/107.7m, Revenue 2.01b/2.06b) |
| GMI: 1.15 (GM 26.91% / 23.32%) |
| AQI: 0.93 (AQ_t 0.17 / AQ_t-1 0.18) |
| SGI: 0.98 (Revenue 2.01b / 2.06b) |
| TATA: -0.09 (NI 28.6m - CFO 101.9m) / TA 831.9m) |
| Beneish M = -2.94 (Cap -4..+1) = A |
As of June 28, 2026, the stock is trading at USD 36.79 with a total of 1,182,401 shares traded. Over the past week, the price has changed by +0.88%, over one month by +12.51%, over three months by +14.23% and over the past year by -20.49%.
Current recommended Stop Loss: 34.70 (which is 5.7% or 1.2 ATR below the current price).
Papa John's International has received a consensus analysts rating of 3.64. Therefore, it is recommended to hold PZZA.
- StrongBuy: 4
- Buy: 1
- Hold: 9
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 37.9 | 3% |
P/E Trailing = 43.9398
P/E Forward = 21.1864
P/S = 0.5958
P/B = 284.1754
P/EG = 2.6504
Revenue TTM = 2.01b USD
EBIT TTM = 147.2m USD
EBITDA TTM = 238.8m USD
Long Term Debt = 727.3m USD (from longTermDebt, last quarter)
Short Term Debt = 41.8m USD (from shortTermDebt, last quarter)
Debt = 1.17b USD (from shortLongTermDebtTotal, last quarter) + Leases 217.4m
Net Debt = 1.13b USD (calculated: Debt 1.17b - CCE 39.0m)
Enterprise Value = 2.33b USD (1.20b + Debt 1.17b - CCE 39.0m)
Interest Coverage Ratio = 1.79 (Ebit TTM 147.2m / Interest Expense TTM 82.3m)
EV/FCF = 64.92x (Enterprise Value 2.33b / FCF TTM 35.9m)
FCF Yield = 1.54% (FCF TTM 35.9m / Enterprise Value 2.33b)
FCF Margin = 1.78% (FCF TTM 35.9m / Revenue TTM 2.01b)
Net Margin = 1.42% (Net Income TTM 28.6m / Revenue TTM 2.01b)
Gross Margin = 23.32% ((Revenue TTM 2.01b - Cost of Revenue TTM 1.54b) / Revenue TTM)
Gross Margin QoQ = 28.77% (prev 15.46%)
Tobins Q-Ratio = 2.80 (Enterprise Value 2.33b / Total Assets 831.9m)
Interest Expense / Debt = 7.03% (Interest Expense 82.3m / Debt 1.17b)
Taxrate = 34.79% (15.9m / 45.6m)
NOPAT = 96.0m (EBIT 147.2m * (1 - 34.79%))
Current Ratio = 0.84 (Total Current Assets 240.4m / Total Current Liabilities 284.7m)
Debt / Equity = -2.61 (negative equity) (Debt 1.17b / totalStockholderEquity, last quarter -449.1m)
Debt / EBITDA = 4.74 (Net Debt 1.13b / EBITDA 238.8m)
Debt / FCF = 31.50 (Net Debt 1.13b / FCF TTM 35.9m)
Total Stockholder Equity = -441.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.30% (Net Income 28.6m / Total Assets 831.9m)
RoE = -6.47% (negative equity) (Net Income TTM 28.6m / Total Stockholder Equity -441.3m)
RoCE = 51.45% (EBIT 147.2m / Capital Employed (Equity -441.3m + L.T.Debt 727.3m))
RoIC = 17.45% (NOPAT 96.0m / Invested Capital 550.0m)
WACC = 7.96% (E(1.20b)/V(2.37b) * Re(11.26%) + D(1.17b)/V(2.37b) * Rd(7.03%) * (1-Tc(0.35)))
Discount Rate = 11.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 0.29%
[DCF] Terminal Value 73.10% ; FCFF base≈43.3m ; Y1≈37.9m ; Y5≈30.7m
[DCF] Fair Price = N/A (negative equity: EV 492.1m - Net Debt 1.13b = -638.9m; debt exceeds intrinsic value)
EPS Correlation: -89.11 | EPS CAGR: -21.96% | SUE: -0.69 | # QB: 0
Revenue Correlation: -66.65 | Revenue CAGR: -1.18% | SUE: -0.42 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.45 | Chg30d=+3.00% | Revisions=+0% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.31 | Chg30d=-1.69% | Revisions=-33% | Analysts=14
EPS current Year (2026-12-31): EPS=1.49 | Chg30d=-1.54% | Revisions=-53% | GrowthEPS=+3.9% | GrowthRev=-6.7%
EPS next Year (2027-12-31): EPS=1.75 | Chg30d=-2.66% | Revisions=-38% | GrowthEPS=+17.8% | GrowthRev=-1.5%
[Analyst] Revisions Ratio: -53%