bullish

Shakey's Pizza: High Conviction Three Bagger, Management Call Provides Superb Guidance For FY22

1.1k Views09 Apr 2022 12:52
SUMMARY
  • Shakey's Pizza Asia Ventures (PIZZA PM) is a play on F&B normalizing in the Philippines. On our numbers, it trades at a 12.9x PE for FY22 and 10x for FY23.
  • Quick Service Restaurant (QSR) peers like Domino's Pizza (DPZ US) and Jubilant Foodworks (JUBI IN) trade at multiples of 39x and 59x fwd PE, making Shakey's an extremely cheap stock.
  • Versus the current multiple of 7.9 peso/share, we believe the stock can trade up to 30x PE FY23 implying a 24 peso/share price (200% upside).
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
chart-bar
Logo
Top 5%
Sameer Taneja
Equity, Bottom-up Analyst
Investics Research
Equity Bottom-UpCommodities
Price Chart(Sign Up to Access)
analytics-chart
x