Pizza Pizza Royalty Corp.

Pizza Pizza Royalty Corp.

6.55
EUR
-0.05
(-0.76%)
0.44EPS
18.15P/E
266.83MMarket Cap
Nov 09Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.07
1.09
1.13
1.14
1.14
1.12
1.12
0.99
0.99
1.13
1.24
1.21
1.22
3.14
Basic EPS, GAAP
0.79
0.83
0.82
0.86
0.87
0.85
0.85
0.76
0.74
0.86
0.96
0.94
0.94
0.71
Free Cash Flow per Basic Share
0.85
0.82
0.88
0.88
0.9
0.87
0.89
0.78
0.77
0.9
0.97
0.94
0.96
1.17
Dividend per Share
0.82
0.85
0.85
0.89
0.9
0.9
0.9
0.73
0.73
0.85
0.95
1.02
1.01
1.26
Book Value per Share
12.37
12.56
11.11
11.19
11.36
11.59
11.68
8.96
9.02
9.09
9.09
9.06
9.04
9.19
Tangible Book Value per Share
-2.37
-2.47
-2.46
-2.48
-2.49
-2.56
-2.61
-2.03
-1.97
-1.9
-1.92
-2
-2.05
-2.1
Basic Weighted Avg Shares
30
30
31
31
31
32
32
32
32
32
32
33
33
34
Sales/Revenue/Turnover
32
33
35
35
36
35
36
32
32
36
40
40
41
105
Operating Margin (%)
97.91
98.23
98.21
98.08
98.19
98.41
98.63
98
98.25
98.27
98.4
98.2
97.97
25.96
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
24
25
25
27
27
27
27
24
24
28
31
31
31
24
Effective Tax Rate (%)
19.32
18.43
20.62
20.89
20.53
19.91
19.97
19.58
20.27
20.27
19.9
18.9
18.74
19.02
Profit Margin (%)
74.36
75.78
72.51
75.65
75.95
75.93
75.96
76.99
74.95
75.63
77.02
77.8
76.82
22.77
Working Capital
5
4
5
5
5
4
4
5
7
8
8
-41
4
2
LT Debt
47
47
47
47
47
47
47
47
47
47
47
- -
47
47
Total Equity
270
274
273
275
280
285
287
288
290
292
294
298
301
306
Return on Invested Capital (%)
7.98
8.29
8.45
8.52
8.56
8.47
8.51
7.48
7.43
8.42
9.29
9.23
9.37
7.01
Return on Capital (%)
7.99
8.3
8.15
8.53
8.56
8.47
8.51
7.6
7.44
8.46
9.41
9.33
9.41
7.4
Return on Common Equity (%)
8.83
9.2
9.22
9.74
9.74
9.52
9.53
8.5
8.27
9.46
10.57
10.46
10.45
7.87

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
25
- -
LT Borrowings
47
1
47
LT Finance Leases
- -
87
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
34
33
Market Capitalization
- -
505
433

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7
55
6
Cash, Cash Equivalents & STI
4
8
2
Accounts Receivable, Net
- -
20
- -
Inventories
- -
10
- -
Total Current Liabilities
4
61
3
Payables & Accruals
4
34
3
ST Debt
- -
25
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.98%
0.89%
1.1%
Free Cash Flow
1.88%
5.11%
3.77%
Net Income, GAAP
2.42%
5.3%
1.18%
Sales/Revenue/Turnover
1.81%
5.28%
2.47%
Total Cash Common Dividend
2.99%
7.76%
0.93%

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10
10
10
10
40
2025
75
10
- -
11
41
2026
75
10
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.23
0.23
0.24
0.94
2025
0.01
0.24
- -
0.24
0.94
2026
0.02
0.22
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.25
0.25
0.25
1.02
2025
- -
0.51
- -
0.25
1.01
2026
- -
0.5
- -
- -
- -

Company Description

CEO
Paul Jeffrey Goddard
Full Time Employees
1,100
Sector
Consumer services
Industry
Restaurants
Address
500 Kipling Avenue Toronto ON Canada M8Z 5E5
IPO Date
Jul 6, 2005
Business
Pizza Pizza Royalty Corp., through its subsidiary Pizza Pizza Royalty Limited Partnership, owns trademarks and trade names used in franchised quick-service restaurants under the Pizza Pizza and Pizza 73 brands across Canada; it earns royalty income equivalent to 6% of system sales from Pizza Pizza restaurants and 9% from Pizza 73 restaurants in the royalty pool, net of operating expenses. The company, founded in 1967 and headquartered in Toronto, Ontario, licenses these intellectual properties to Pizza Pizza Ltd. on a 99-year basis, with Pizza Pizza Ltd. operating primarily in Ontario and other Canadian provinces through traditional and non-traditional locations serving consumers via dine-in, takeout, delivery, and digital platforms. On January 1, 2025, the royalty pool expanded by a net of 20 restaurants to 794 total, incorporating 45 new outlets (44 Pizza Pizza and one Pizza 73) offset by 25 closures, while Pizza Pizza Ltd. increased its equivalent share ownership to 26%; additionally, in March 2025, the company extended its credit facility for three years to April 2028 with minor pricing adjustments, and in April 2025, it entered new three-year interest rate swaps locking in a 2.51% rate.

Company News

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  • Pizza Pizza Royalty Corp. (PZA:CA) Q3 2025 Earnings Call Transcript

  • Pizza Pizza Royalty Corp.: Strategic Royalty Pool Management And Valuation Should Heat Up Upside

  • Pizza Pizza Royalty: This Royalty Fund Keeps The Dough Rolling In

  • Pizza Pizza Royalty Corp. (PZRIF) Q2 2025 Earnings Call Transcript

  • Pizza Pizza Royalty: Low-Cost, High-Margin Business Model Promises Sustainability, Justifies Valuation

  • Pizza Pizza Royalty: +13% Later, The Pizza Still Isn't Fully Cooked

  • Pizza Pizza Royalty Corp. (PZRIF) Q1 2025 Earnings Call Transcript

  • Pizza Pizza: Q1 Results Not Strong Enough To Support Recent Rally

  • Pizza Pizza Q1 Results Were Pedestrian, But I'm Maintaining My Position

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  • Pizza Pizza Royalty Corp. (PZRIF) Q4 2024 Earnings Call Transcript

  • Pizza Pizza Will Potentially Profit From People's Patriotism