1. Canada Stocks

  2. •

    Consumer Cyclical

  3. •

    Restaurants
Pizza Pizza Royalty Corp.

Pizza Pizza Royalty Corp.

PZA.TO
Pizza Pizza Royalty Corp.CA flagToronto Stock Exchange
13.09
CAD
-0.20
- -
322.25MMarket Cap
Pizza Pizza Royalty Corp.
PZA.TO
(Toronto Stock Exchange)

Recent

price

13.09

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.36
1.39
1.43
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
3.19
Revenue per Share
0.4
0.55
0.37
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
Basic EPS, GAAP
0.89
0.86
0.6
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
0.96
Free Cash Flow per Basic Share
0.93
0.7
0.71
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
1.01
Dividend per Share
-0.54
9.06
8.72
6.33
6.22
6.86
6.79
6.7
6.55
6.44
6.44
6.45
6.45
6.42
6.23
6.07
6.14
Book Value per Share
-5.43
-5.63
-2.35
-1.73
-1.78
-1.97
-1.97
-1.97
-1.99
-2.01
-2.03
-1.97
-1.9
-1.92
-2
-2.05
-2.02
Tangible Book Value per Share
22
22
22
30
30
31
31
31
32
32
32
32
32
32
33
33
33
Basic Weighted Avg Shares
30
30
31
32
33
35
35
36
35
36
32
32
36
40
40
41
106
Sales/Revenue/Turnover
97.65
97.97
98
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
25.99
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
Depreciation Expense
9
12
8
24
25
25
27
27
27
27
24
24
28
31
31
31
24
Net Income, GAAP
4.76
35.64
17.11
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
22.06
Effective Tax Rate (%)
29.4
39.16
25.96
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
22.42
Profit Margin (%)
1
3
5
5
4
5
5
5
4
4
5
7
8
8
-41
4
5
Working Capital
47
47
47
47
47
47
47
47
47
47
47
47
47
47
- -
47
47
LT Debt
200
196
268
270
274
273
275
280
285
287
288
290
292
294
298
301
303
Total Equity
11.82
7.76
9.04
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
6.15
Return on Invested Capital (%)
58.96
10.34
4.62
10.66
11.21
10.6
10.65
10.83
10.93
11.19
10.04
9.83
11.24
12.57
12.64
13.02
10.11
Return on Capital (%)
- -
- -
4.18
12.51
13.24
12.64
12.7
12.9
12.91
13.22
11.85
11.54
13.28
14.92
15.01
15.38
11.58
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
47
- -
- -
LT Borrowings
- -
47
47
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
428
456
498

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
10
9
9
Cash, Cash Equivalents & STI
6
5
5
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
51
4
4
Payables & Accruals
4
4
4
ST Debt
47
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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