Shakey's Pizza
Shakeys Pizza: Encouraging Q1 2022, Despite Headwinds
Equity Bottom-Up
206 Views, 15 May 2022 11:52
EXECUTIVE SUMMARY
- Although we were more optimistic about FY22, we still see recovery backed by a very healthy momentum in Q1 2022 with 33% YoY systemwide sales (mid-teens ex-Potato Corner).
- EBITDA margins were weaker in Q1 2022 at 18.2% (with Jan/Feb 2022 restrictions), but management guided a sequential improvement QoQ and a 20-21% EBITDA margin for FY22.
- The stock trades at 16.6x FY12 and 11.1x FY23 on more conservatively guided numbers. (see: Shakey's Pizza: High Conviction Three Bagger, Management Call Provides Superb Guidance For FY22 )
detail (5-minute read)
WHAT’S TRENDING
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Sameer Taneja
Equity, Bottom-up Analyst
Investics Research
Equity Bottoms up analyst Ex-Kelusa ( 2007-2015). Covered over 80 stocks in the industrials and materials sector.
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