$31.86
-6.5%Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. The company also operates dine-in and delivery restaurants under the Papa John's trademark internationally. As of December 26, 2021, it operated 5,650 Papa John's restaurants, which included 600 company-owned and 5,050 franchised restaurants in 50 countries and territories. The company was founded in 1984 and is based in Louisville, Kentucky.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $226.2M | $406.1M | $729.1M | $1.3B | $2.3B | $4.2B | $7.6B | $13.6B | $24.4B | $43.8B |
| Maintenance CapEx | -$23.2M | -$41.7M | -$74.9M | -$134.4M | -$241.3M | -$433.2M | -$777.7M | -$1.4B | -$2.5B | -$4.5B |
| Owner Earnings | $203.0M | $364.4M | $654.2M | $1.2B | $2.1B | $3.8B | $6.8B | $12.2B | $21.9B | $39.3B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $187.9M | $312.4M | $519.3M | $863.3M | $1.4B | $2.4B | $4.0B | $6.6B | $11.0B | $18.2B |
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