We were disappointed last December by the lack of ambition to boost German growth independently rather than opting for a ST JV solution. For an increasingly mature UK business we feel a cal’16 P/E of 26x is full. We stay at Hold but push through 6%/7% FY16/FY17 EPS upgrades to reflect the German deal.
26 Feb 2016
Back to Plan A
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Back to Plan A
Domino's Pizza Group plc (DOM:LON) | 324 -14.9 (-1.4%) | Mkt Cap: 1,301m
- Published:
26 Feb 2016 -
Author:
Sahill Shan -
Pages:
5
We were disappointed last December by the lack of ambition to boost German growth independently rather than opting for a ST JV solution. For an increasingly mature UK business we feel a cal’16 P/E of 26x is full. We stay at Hold but push through 6%/7% FY16/FY17 EPS upgrades to reflect the German deal.