This report should not be construed as providing investment advice. It is for educational purposes only.  Before making any investment decision, you should always do your own research or consult a investment professional. Estimates Estimates Estimates
While I try to be accurate, I assume no responsibility for any figure in this spreadsheet. Q1 2025 PPL is Pizza Pizza Limited.
See my website on stocks or see my blog at the following sites.  https://spbrunner.com/stocks.html https://spbrunner.blogspot.com/ PZA or PPRC Pizza Pizza Royality Corp
Pizza Pizza Royalty Corp TSX PZA OTC PZRIF https://www.pizzapizza.ca/company/#intro Fiscal Yr: Dec 31
Year End PZA 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 31-Dec-18 12/31/19 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27 Value Description #Y Item Total G Company
Statement Date PPL 30-Dec-12 29-Dec-13 28-Dec-14 3-Jan-16 1-Jan-17 31-Dec-17 30-Dec-18 29-Dec-19 3-Jan-21 2-Jan-22 1-Jan-23 31-Dec-23 31-Dec-24 31-Dec-25 31-Dec-26 31-Dec-27
Accounting Rules IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS IFRS Accounting Rules
$623.0 <-12 mths 0.39%
Royalty System Sales PZA $481.5 $491.1 $505.4 $533.8 $544.9 $551.1 $546.3 $553.5 $488.3 $493.6 $568.3 $628.3 $620.6 $636 $659 $681 22.80% <-Total Growth 10 Royalty System Sales PZA
Increase 2.92% 1.98% 2.92% 5.63% 2.07% 1.15% -0.87% 1.31% -11.77% 1.09% 15.12% 10.57% -1.23% 2.48% 3.62% 3.34% 2.07% <-IRR #YR-> 10 Revenue 22.80% PZA
5 year Running Average $465.5 $469.5 $480.3 $495.9 $511.3 $525.3 $536.3 $545.9 $536.8 $526.6 $530.0 $546.4 $559.8 $589 $622 $645 2.32% <-IRR #YR-> 5 Revenue 12.13% PZA
Revenue per Share $22.07 $22.51 $23.16 $21.68 $22.13 $22.39 $22.19 $22.48 $19.84 $20.05 $23.08 $25.52 $25.21 $25.83 $26.77 #DIV/0! 1.54% <-IRR #YR-> 10 5 yr Running Average 16.55% PZA
Increase 2.92% 1.98% 2.92% -6.39% 2.07% 1.15% -0.87% 1.31% -11.77% 1.09% 15.12% 10.57% -1.23% 2.48% 3.62% #DIV/0! 0.50% <-IRR #YR-> 5 5 yr Running Average 2.55% PZA
5 year Running Average $21.33 $21.52 $22.02 $22.17 $22.31 $22.37 $22.31 $22.18 $21.81 $21.39 $21.53 $22.20 $22.74 $23.94 $25.28 #DIV/0! 0.85% <-IRR #YR-> 10 Revenue per Share 8.83% PZA
P/S (Price/Sales) Med 0.43 0.53 0.59 0.66 0.68 0.75 0.56 0.43 0.40 0.53 0.56 0.56 0.54 0.53 0.00 #DIV/0! 2.32% <-IRR #YR-> 5 Revenue per Share 12.13% PZA
P/S (Price/Sales) Close 0.45 0.59 0.60 0.63 0.80 0.72 0.40 0.43 0.46 0.60 0.59 0.58 0.52 0.57 0.55 #DIV/0! 0.32% <-IRR #YR-> 10 5 yr Running Average 3.29% PZA
*Total System Sales in Royalty Pool in M CDN $  P/S Med 20 yr  0.53 15 yr  0.54 10 yr  0.56 5 yr  0.54 3.07% Diff M/C 0.50% <-IRR #YR-> 5 5 yr Running Average 2.55% PZA
*Total System Sales in 2021 PPRC (PZA)
-$505.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $620.6
-$553.5 $0.0 $0.0 $0.0 $0.0 $620.6
-$480.3 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $559.8
-$545.9 $0.0 $0.0 $0.0 $0.0 $559.8
-$23.16 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $25.21
-$22.48 $0.00 $0.00 $0.00 $0.00 $25.21
$40.0 <-12 mths 0.44%
Royality Income PZA $31.3 $31.9 $33.0 $34.8 $35.3 $35.6 $35.4 $35.9 $31.8 $31.9 $36.4 $40.2 $39.8 $39.98 <-12 mths 20.58% <-Total Growth 10 Royality Income PZA
Admin Expenses -$1.0 -$0.7 -$0.6 -$0.6 -$0.7 -$0.6 -$0.6 -$0.5 -$0.6 -$0.6 -$0.6 -$0.6 -$0.7 1.89% <-IRR #YR-> 10 Royality Income PZA PZA
Interest Income $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 -$1.3 -$1.2 -$1.4 -$1.2 $0.4 $0.4 2.06% <-IRR #YR-> 5 Royality Income PZA PZA
Swap Expiry $0.5 $0.0 $0.0 $0.0 $0.0
Operating Income PZA* (EBIT) $30.3 $31.3 $32.4 $34.2 $34.7 $35.0 $34.8 $34.1 $30.4 $30.0 $34.6 $39.6 $39.1 20.54% <-Total Growth 10 Operating Income PZA
Increase 1.80% 3.24% 3.68% 5.42% 1.38% 0.91% -0.35% -2.09% -10.80% -1.41% 15.16% 14.53% -1.23% 1.89% <-IRR #YR-> 10 Operating Income 20.54% PZA
5 year Running Average $24.2 $26.1 $28.6 $31.6 $32.6 $33.5 $34.2 $34.6 $33.8 $32.9 $32.8 $33.7 $34.7 2.76% <-IRR #YR-> 5 Operating Income 14.58% PZA
Operation Income per Share $1.39 $1.43 $1.49 $1.39 $1.41 $1.42 $1.42 $1.39 $1.24 $1.22 $1.40 $1.61 $1.59 1.95% <-IRR #YR-> 10 5 yr Running Average 21.25% PZA
Increase 1.80% 3.24% 3.68% -6.57% 1.38% 0.91% -0.35% -2.09% -10.80% -1.41% 15.16% 14.53% -1.23% 0.10% <-IRR #YR-> 5 5 yr Running Average 0.51% PZA
5 year Running Average $1.11 $1.20 $1.31 $1.41 $1.42 $1.43 $1.42 $1.40 $1.37 $1.34 $1.33 $1.37 $1.41 0.66% <-IRR #YR-> 10 Operating Income per Share 6.83% PZA
P/S (Price/Sales) Med 6.90 8.34 9.15 10.25 10.63 11.79 8.73 7.05 6.38 8.72 9.18 8.85 8.62 2.76% <-IRR #YR-> 5 Operating Income per Share 14.58% PZA
P/S (Price/Sales) Close 7.22 9.28 9.42 9.83 12.55 11.40 6.32 7.05 7.44 9.86 9.72 9.16 8.19 0.72% <-IRR #YR-> 10 5 yr Running Average 7.46% PZA
*Operation Earnings in M CDN $  P/S Med 20 yr  8.67 15 yr  8.72 10 yr  8.79 5 yr  8.72 -100.00% Diff M/C 0.10% <-IRR #YR-> 5 5 yr Running Average 0.51% PZA
$318.4 <-12 mths 1.08%
Revenue PPL* $227.1 $238.5 $202.4 $219.9 $219.3 $218.8 $296.0 $288.5 $252.7 $261.8 $295.0 $311.6 $315.0 $318.4 <-12 mths 55.58% <-Total Growth 10 Revenue PPL
Increase 3.92% 5.03% -15.13% 8.64% -0.28% -0.23% 35.26% -2.52% -12.40% 3.59% 12.68% 5.61% 1.09% 1.08% <-12 mths 4.52% <-IRR #YR-> 10 Revenue 55.58% PPL
5 year Running Average $218.1 $221.6 $219.4 $221.3 $221 $220 $231 $249 $255 $264 $279 $282 $287 $300 <-12 mths 1.77% <-IRR #YR-> 5 Revenue 9.16% PPL
Revenue per Share for PZA $10.41 $10.93 $9.28 $8.93 $8.91 $8.89 $12.02 $11.72 $10.27 $10.63 $11.98 $12.66 $12.79 $12.93 <-12 mths 2.73% <-IRR #YR-> 10 5 yr Running Average 30.91% PPL
Increase 3.92% 5.03% -15.13% -3.72% -0.28% -0.23% 35.26% -2.52% -12.40% 3.59% 12.68% 5.61% 1.09% 1.08% <-12 mths 2.94% <-IRR #YR-> 5 5 yr Running Average 15.57% PPL
5 year Running Average $10 $10 $10 $10 $10 $9 $10 $10 $10 $11 $11 $11 $12 $12 <-12 mths 3.26% <-IRR #YR-> 10 Revenue per Share 37.89% PPL
P/S (Price/Sales) Med based PZA 1.09 0.91 0.68 0.63 0.60 0.53 0.97 1.20 1.30 1.00 0.93 0.89 0.93 0.94 <-12 mths 1.77% <-IRR #YR-> 5 Revenue per Share 9.16% PPL
P/S (Price/Sales) Close Based PZA 1.04 0.82 0.66 0.65 0.50 0.55 1.34 1.20 1.12 0.88 0.88 0.86 0.98 0.87 <-12 mths 1.50% <-IRR #YR-> 10 5 yr Running Average 16.02% PPL
*Total Revenue in M CDN $  P/S Med 20 yr  0.96 15 yr  0.93 10 yr  0.93 5 yr  0.93 -6.51% Diff M/C 2.94% <-IRR #YR-> 5 5 yr Running Average 15.57% PPL
-$202.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $315.0
-$288.5 $0.0 $0.0 $0.0 $0.0 $315.0
-$219.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $287.2
-$248.5 $0.0 $0.0 $0.0 $0.0 $287.2
-$9 $0 $0 $0 $0 $0 $0 $0 $0 $0 $13
-$12 $0 $0 $0 $0 $13
$0.95 <-12 mths 0.00%
Adjusted Profit CDN$ PZA $19.3 $21.3 $17.6 $20.8 $21.1 $20.9 $20.2 $20.5 $18.4 $18.0 $20.6 $22.6 $20.7
AEPS* $0.82 $0.84 $0.90 $0.90 $0.90 $0.89 $0.88 $0.89 $0.77 $0.77 $0.88 $0.98 $0.95 $0.96 $0.99 $1.02 6.35% <-Total Growth 10 AEPS PZA
Increase 2.75% 1.95% 6.93% -0.12% 0.00% -0.11% -1.90% 0.91% -12.66% -0.13% 14.38% 10.87% -2.66% 0.73% 3.13% 3.03% 10 0 10 Years of Data, EPS P or N 100.00% PZA
5 year Running Average $0.90 $0.85 $0.85 $0.85 $0.87 $0.88 $0.89 $0.89 $0.86 $0.84 $0.84 $0.86 $0.87 $0.91 $0.95 $0.98 0.62% <-IRR #YR-> 10 AEPS -95.00% PZA
AEPS Yield 8.20% 6.30% 6.40% 6.56% 5.07% 5.52% 9.80% 9.06% 8.40% 6.42% 6.47% 6.65% 7.33% 6.47% 6.67% 6.87% 1.49% <-IRR #YR-> 5 AEPS -95.00% PZA
Payout Ratio 86.62% 90.99% 89.13% 90.78% 94.53% 95.70% 97.56% 96.68% 89.29% 88.73% 89.18% 89.89% 97.59% 96.88% 93.94% 91.18% 0.29% <-IRR #YR-> 10 5 yr Running Average 95.00% PZA
5 year Running Average 94.11% 95.10% 92.48% 89.50% 90.41% 92.23% 93.54% 95.05% 94.75% 93.59% 92.29% 90.75% 90.94% 92.45% 93.49% 93.89% -0.39% <-IRR #YR-> 5 5 yr Running Average -1.93% PZA
Price/AEPS Median 11.66 14.27 15.17 15.91 16.72 18.73 14.09 11.03 10.20 13.76 14.59 14.54 14.37 14.34 0.00 0.00 14.46 <-Median-> 10 Price/AEPS Median PZA
Price/AEPS High 12.82 16.43 15.68 17.28 19.73 20.35 18.57 11.95 13.12 15.71 16.14 15.71 15.74 15.46 0.00 0.00 15.94 <-Median-> 10 Price/AEPS High PZA
Price/AEPS Low 10.50 12.11 14.66 14.53 13.71 17.11 9.61 10.11 7.28 11.81 13.05 13.37 13.00 13.22 0.00 0.00 13.02 <-Median-> 10 Price/AEPS Low PZA
Price/AEPS Close 12.19 15.87 15.62 15.25 19.73 18.12 10.21 11.04 11.90 15.57 15.45 15.04 13.65 15.46 14.99 14.55 15.14 <-Median-> 10 Price/AEPS Close PZA
Trailing P/AEPS Close 12.53 16.18 16.71 15.23 19.73 18.10 10.01 11.14 10.40 15.55 17.67 16.67 13.29 15.57 15.46 14.99 15.39 <-Median-> 10 Trailing P/AEPS Close PZA
Median Values Historical   in order 14.18 15.71 11.96 14.34 P/CF 5 Yrs   in order 14.37 15.71 13.00 15.04 7.57% Diff M/C DPR 75% to 95% best PZA
* Adjusted Earnings Available for Shareholders
$0.93 <-12 mths -0.74%
EPS Basic PZA $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 13.37% <-Total Growth 10 EPS Basic PZA
EPS Diluted* $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 $0.96 $0.99 $1.02 13.37% <-Total Growth 10 EPS Diluted PZA
Increase -32.73% 113.51% 5.06% -1.20% 4.88% 1.16% -2.30% 0.00% -10.59% -2.63% 16.22% 11.63% -1.98% 2.02% 3.13% 3.03% 10 0 10 Years of Data, EPS P or N 100.00%
Earnings Yield 3.69% 5.94% 5.93% 6.01% 4.87% 5.37% 9.50% 8.70% 8.26% 6.16% 6.30% 6.52% 7.23% 6.47% 6.67% 6.87% 1.26% <-IRR #YR-> 10 Earnings per Share 13.37% PZA
5 year Running Average $0.76 $0.70 $0.68 $0.67 $0.73 $0.83 $0.85 $0.85 $0.84 $0.81 $0.81 $0.83 $0.85 $0.89 $0.94 $0.97 2.05% <-IRR #YR-> 5 Earnings per Share 10.71% PZA
10 year Running Average $0.67 $0.76 $0.76 $0.80 $0.77 $0.77 $0.76 $0.77 $0.82 $0.84 $0.85 $0.87 $0.88 $0.89 -6.74% <-IRR #YR-> 10 5 yr Running Average 24.59% PZA
* Diluted ESP per share  E/P 10 Yrs 6.41% 5Yrs 6.52% 0.05% <-IRR #YR-> 5 5 yr Running Average 0.26% PZA
-$0.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.94
-$0.85 $0.00 $0.00 $0.00 $0.00 $0.94
-$0.68 $0.00 $0.00 -$0.83 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.85
-$0.85 $0.00 $0.00 $0.00 $0.00 $0.85
$33.41 <-12 mths -0.33%
Dividends to Shareholders PZA $15.670 $16.637 $17.426 $19.442 $20.828 $21.063 $21.063 $21.063 $16.992 $16.741 $19.387 $21.664 $21.849 25.38% <-Total Growth 10 Dividends to Shareholders See PZA
Dividends to PPL (Class B) $7.127 $7.867 $8.441 $6.764 $6.585 $6.963 $7.555 $7.771 $6.481 $6.856 $7.823 $9.117 $11.67 38.25% <-Total Growth 10 Dividends to PPL Exchangeable PZA
Total Dividends  $22.797 $24.504 $25.867 $26.206 $27.413 $28.026 $28.618 $28.834 $23.473 $23.597 $27.210 $30.781 $33.519 $33.407 <-12 mths 29.58% <-Total Growth 10 Total Dividends  Shares PZA
Portion of Net Income Dividends to PZA 193.03% 70.05% 69.65% 77.03% 77.92% 77.87% 77.87% 77.14% 69.43% 69.98% 70.37% 69.94% 70.55% 69.98% <-Median-> 5 Portion to PZA PZA
Portion of Net Income to Dividends 280.82% 103.17% 103.39% 103.84% 102.55% 103.62% 105.80% 105.60% 95.91% 98.64% 98.77% 99.37% 108.23% 98.77% <-Median-> 5 Portion of Net Income PZA
Portion of Cash Flow net WC 131.18% 97.44% 99.04% 95.06% 98.95% 100.43% 103.02% 101.91% 94.20% 94.89% 95.71% 97.02% 106.85% 95.71% <-Median-> 5 Portion of Cash Flow net WC PZA
PPL owns of PZA (PPRC) 26.50% 27.10% 28.00% 19.90% 20.40% 22.30% 22.30% 23.00% 23.50% 23.50% 23.50% 23.90% 23.90% 23.50% <-Median-> 5 PPL owns of PZA (PPRC) PPL
Portion of Royalties distriubuted PZA 50.11% 52.09% 52.79% 55.85% 58.95% 59.14% 59.49% 58.60% 53.45% 52.45% 53.22% 53.87% 54.89% 53.45% <-Median-> 5 Portion of Royalties distriubuted PZA PZA
Portion of Royalties distriubuted PPL 22.79% 24.63% 25.57% 19.43% 18.64% 19.55% 21.34% 21.62% 20.39% 21.48% 21.48% 22.67% 29.32% 21.48% <-Median-> 5 Portion of Royalties distriubuted PPL PZA
Total of Royalities distributed 72.90% 76.71% 78.35% 75.29% 77.58% 78.69% 80.82% 80.21% 73.84% 73.93% 74.70% 76.53% 84.20% 74.70% <-Median-> 5 Total of Royalities distributed PZA
Dividend* $0.93 Estimate Dividend*
Increase 0.00% Estimate Increase
Payout Ratio EPS 96.88% Estimates Payout Ratio EPS
Special Dividends $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 <-Median-> 10 Special Dividends PZA
Dividend* $0.71 $0.76 $0.80 $0.81 $0.85 $0.86 $0.86 $0.86 $0.69 $0.69 $0.79 $0.88 $0.93 $0.93 $0.93 $0.93 16.44% <-Total Growth 10 Dividends PZA
Increase -1.10% 7.09% 4.75% 1.73% 4.12% 1.13% 0.00% 0.00% -19.33% -0.75% 14.96% 11.75% 5.68% 0.00% 0.00% 0.00% 11 4 18 Years of data, Count P, N 61.11% PZA
Average Increases 5 Year Running -3.68% -3.12% -2.37% -2.02% 3.32% 3.77% 2.35% 1.40% -2.81% -3.79% -1.02% 1.32% 2.46% 6.33% 6.48% 3.49% 1.36% <-Median-> 10 Average Incr 5 Year Running
Dividends 5 Yr Running $0.84 $0.81 $0.78 $0.76 $0.79 $0.82 $0.83 $0.85 $0.82 $0.79 $0.77 $0.78 $0.79 $0.84 $0.89 $0.92 1.04% <-Total Growth 10 Dividends 5 Yr Running PZA
Yield H/L Price 7.43% 6.38% 5.87% 5.71% 5.65% 5.11% 6.92% 8.76% 8.75% 6.45% 6.11% 6.18% 6.79% 6.76% 6.31% <-Median-> 10 Yield H/L Price PZA
Yield on High  Price 6.76% 5.54% 5.68% 5.25% 4.79% 4.70% 5.25% 8.09% 6.81% 5.65% 5.53% 5.72% 6.20% 6.27% 5.59% <-Median-> 10 Yield on High  Price PZA
Yield on Low Price 8.25% 7.51% 6.08% 6.25% 6.89% 5.59% 10.15% 9.56% 12.26% 7.51% 6.84% 6.72% 7.51% 7.33% 7.20% <-Median-> 10 Yield on Low Price PZA
Yield on Close Price 7.11% 5.73% 5.71% 5.95% 4.79% 5.28% 9.56% 8.76% 7.50% 5.70% 5.77% 5.98% 7.15% 6.27% 6.27% 6.27% 5.97% <-Median-> 10 Yield on Close Price PZA
Payout Ratio EPS 192.43% 96.52% 96.23% 99.09% 98.37% 98.34% 100.66% 100.66% 90.82% 92.57% 91.57% 91.67% 98.83% 96.88% 93.94% 91.18% 98.36% <-Median-> 10 DPR EPS PZA
DPR EPS 5 Yr Running 111.45% 115.84% 114.71% 113.26% 107.13% 97.73% 98.54% 99.42% 97.92% 96.86% 95.42% 93.48% 93.23% 94.43% 94.62% 94.44% 97.83% <-Median-> 10 DPR EPS 5 Yr Running PZA
Payout Ratio CFPS 119.10% 65.62% 66.79% 73.64% 76.26% 75.19% 76.16% 74.44% 67.46% 68.12% 66.88% 69.10% 74.35% 72.11% 73.99% <-Median-> 10 DPR CF PZA
DPR CF 5 Yr Running 99.38% 90.50% 82.66% 77.36% 76.07% 71.39% 73.52% 75.14% 74.02% 72.47% 70.70% 69.25% 69.33% 70.24% 72.99% <-Median-> 10 DPR CF 5 Yr Running PZA
Payout Ratio CFPS WC 89.39% 66.16% 66.72% 72.56% 75.17% 75.48% 75.83% 74.45% 68.19% 67.81% 68.19% 68.29% 72.99% 72.11% 72.77% <-Median-> 10 DPR CF WC PZA
DPR CF WC 5 Yr Running 97.96% 89.46% 81.75% 76.28% 72.93% 71.14% 73.08% 74.70% 73.94% 72.55% 71.02% 69.42% 69.21% 70.00% 72.74% <-Median-> 10 DPR CF WC 5 Yr Running PZA
Median Values 10 Yr Med 10 Yr Cl 6.31% 5.97% 5 Yr Med 5 Yr Cl 6.45% 5.98% 5 Yr Med Payout 91.67% 68.12% 68.19% 1.68% <-IRR #YR-> 5 Dividends 8.70% PZA
* Dividends per share  10 Yr Med and Cur. -0.75% 5.05% 5 Yr Med and Cur. -2.80% 4.83% Last Div Inc ---> $0.0750 $0.0775 3.33% 1.53% <-IRR #YR-> 10 Dividends 16.44% PZA
Dividends Growth 15 0.00% <-IRR #YR-> 15 Dividends 0.00% PZA
Dividends Growth 20 1.05% <-IRR #YR-> 18 Dividends PZA
Dividends Growth 5 -$0.86 $0.00 $0.00 $0.00 $0.00 $0.93 Dividends Growth 5 PZA
Dividends Growth 10 -$0.80 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.93 Dividends Growth 10 PZA
Dividends Growth 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.93 Dividends Growth 15 PZA
Dividends Growth 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.93 Dividends Growth 20 PZA
Historical Dividends Historical High Div 15.96% Low Div 4.79% 10 Yr High 12.05% 10 Yr Low 4.71% Med Div 6.92% Close Div 7.15% Historical Dividends PZA
High/Ave/Median Values Curr diff Exp. -60.73% Cheap 30.83% Exp. -47.99% 33.05% Exp. -9.44% Exp. -12.33% High/Ave/Median  PZA
Future Div Yield Div Yd 6.81% earning in 5 Years at IRR of 1.68% Div Inc. 8.70% Future Dividend Yield PZA
Future Div Yield Div Yd 7.40% earning in 10 Years at IRR of 1.68% Div Inc. 18.15% Future Dividend Yield PZA
Future Div Yield Div Yd 8.05% earning in 15 Years at IRR of 1.68% Div Inc. 28.42% Future Dividend Yield PZA
Future Dividend Paid Div Paid $1.01 earning in 5 Years at IRR of 1.68% Div Inc. 8.70% Future Dividend Paid PZA
Future Dividend Paid Div Paid $1.10 earning in 10 Years at IRR of 1.68% Div Inc. 18.15% Future Dividend Paid PZA
Future Dividend Paid Div Paid $1.19 earning in 15 Years at IRR of 1.68% Div Inc. 28.42% Future Dividend Paid PZA
Dividend Covering Cost Total Div $4.81 over 5 Years at IRR of 1.68% Div Cov. 32.41% Dividend Covering Cost PZA
Dividend Covering Cost Total Div $9.03 over 10 Years at IRR of 1.68% Div Cov. 60.82% Dividend Covering Cost PZA
Dividend Covering Cost Total Div $13.61 over 15 Years at IRR of 1.68% Div Cov. 91.70% Dividend Covering Cost PZA
Yield if held 5 years 7.70% 9.62% 12.75% 10.80% 9.89% 8.93% 7.15% 6.29% 4.85% 4.58% 4.70% 7.12% 9.52% 11.79% 8.75% 7.22% 7.14% <-Median-> 10 Paid Median Price PZA
Yield if held 10 years 8.47% 9.37% 9.25% 10.79% 13.66% 9.18% 8.01% 8.22% 7.36% 6.84% 6.53% 6.21% 5.55% 8.82% <-Median-> 10 Paid Median Price PZA
Yield if held 15 years 7.19% 7.59% 8.52% 11.10% 14.84% 12.37% 10.87% 9.70% 8.52% <-Median-> 5 Paid Median Price PZA
Yield if held 20 years 9.69% 10.30% 10.06% #NUM! <-Median-> 0 Paid Median Price PZA
Yield if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price PZA
Cost covered if held 5 years 45.57% 51.13% 62.62% 50.61% 45.96% 42.52% 34.85% 31.08% 28.82% 26.34% 23.13% 31.54% 40.68% 53.42% 41.95% 35.70% 33.20% <-Median-> 10 Paid Median Price PZA
Cost covered if held 10 years 85.88% 92.14% 89.65% 103.69% 130.06% 105.17% 92.04% 82.93% 67.45% 60.30% 58.42% 56.13% 50.61% 90.84% <-Median-> 10 Paid Median Price PZA
Cost covered if held 15 years 128.64% 135.82% 131.55% 152.85% 193.47% 161.18% 144.14% 130.93% 135.82% <-Median-> 5 Paid Median Price PZA
Cost covered if held 20 years 172.55% 185.21% 181.31% #NUM! <-Median-> 0 Paid Median Price PZA
Cost covered if held 25 years #DIV/0! #NUM! <-Median-> 0 Paid Median Price PZA
Yr  Item Tot. Growth Per Year
Operating Income PZA $34.1 $30.4 $30.0 $34.6 $39.6 $39.1 $40 <-12 mths 2.29% 14.58% <-Total Growth 5 Operating Income  14.58% 2.76%
AEPS Growth $0.89 $0.77 $0.77 $0.88 $0.98 $0.95 $0.95 <-12 mths 0.00% 7.68% <-Total Growth 5 AEPS Growth 7.68% 1.49%
Net Income Growth $27.3 $24.5 $23.9 $27.6 $31.0 $31.0 $31 <-12 mths 0.10% 13.43% <-Total Growth 5 Net Income Growth 13.43% 2.55%
Cash Flow Growth $28.3 $25.2 $24.8 $29.0 $31.4 $30.8 $32 <-12 mths 3.11% 8.83% <-Total Growth 5 Cash Flow Growth 8.83% 1.71%
Dividend Growth $0.86 $0.69 $0.69 $0.79 $0.88 $0.93 $0.93 <-12 mths 0.00% 8.70% <-Total Growth 5 Dividend Growth 8.70% 1.68%
Stock Price Growth $9.77 $9.20 $12.02 $13.64 $14.72 $13.01 $14.84 <-12 mths 14.07% 33.16% <-Total Growth 5 Stock Price Growth 33.16% 5.90%
Operating Income PZA $32.4 $34.2 $34.7 $35.0 $34.8 $34.1 $30.4 $30.0 $34.6 $39.6 $39.1 $0 <-this year -100.00% 20.54% <-Total Growth 10 Operating Income  20.54% 1.89%
AEPS Growth $0.90 $0.90 $0.90 $0.89 $0.88 $0.89 $0.77 $0.77 $0.88 $0.98 $0.95 $0.96 <-this year 0.73% 6.35% <-Total Growth 10 AEPS Growth 6.35% 0.62%
Net Income Growth $25.0 $25.2 $26.7 $27.0 $27.0 $27.3 $24.5 $23.9 $27.6 $31.0 $31.0 $24 <-this year -23.69% 23.79% <-Total Growth 10 Net Income Growth 23.79% 2.16%
Cash Flow Growth $26.1 $27.2 $27.3 $28.0 $27.7 $28.3 $25.2 $24.8 $29.0 $31.4 $30.8 $32 <-this year 3.11% 18.03% <-Total Growth 10 Cash Flow Growth 18.03% 1.67%
Dividend Growth $0.80 $0.81 $0.85 $0.86 $0.86 $0.86 $0.69 $0.69 $0.79 $0.88 $0.93 $0.93 <-this year 0.00% 16.44% <-Total Growth 10 Dividend Growth 16.44% 1.53%
Stock Price Growth $14.00 $13.65 $17.66 $16.20 $8.95 $9.77 $9.20 $12.02 $13.64 $14.72 $13.01 $14.84 <-this year 14.07% -7.07% <-Total Growth 10 Stock Price Growth -7.07% -0.73%
Yr  Item Tot. Growth Per Year
Revenue PPL $288.5 $252.7 $261.8 $295.0 $311.6 $315.0 $318 <-12 mths 1.08% 9.16% <-Total Growth 5 Revenue PPL 9.16% 1.77%
Net Income Growth $2.5 -$3.8 -$0.9 $0.2 $2.8 $3.1 $3.34 <-12 mths 8.41% 23.78% <-Total Growth 5 Net Income Growth 23.78% 4.36%
Cash Flow Growth -$6.6 $16.1 $5.9 $3.7 $4.2 $4.2 $13 <-12 mths 199.21% 162.94% <-Total Growth 5 Cash Flow Growth 162.94% 21.33%
Royalty Payments Growth $35.95 $31.79 $31.92 $36.43 $40.22 $39.81 $40 <-12 mths 0.44% 10.74% <-Total Growth 5 Royalty Payments Growth 10.74% 2.06%
Asset Growth $155.90 $233.17 $240.51 $245.02 $254.85 $248.70 $248.70 <-12 mths 0.00% 59.52% <-Total Growth 5 Asset Growth 59.52% 9.79%
Revenue PPL $202.4 $219.9 $219.3 $218.8 $296.0 $288.5 $252.7 $261.8 $295.0 $311.6 $315.0 $318 <-this year 1.08% 55.58% <-Total Growth 10 Revenue PPL 55.58% 4.52%
Net Income Growth $9.8 $28.2 $3.3 -$6.2 $1.4 $2.5 -$3.8 -$0.9 $0.2 $2.8 $3.1 $3.34 <-this year 8.41% -68.60% <-Total Growth 10 Net Income Growth -68.60% -10.94%
Cash Flow Growth -$7.2 -$1.2 -$22.0 -$4.3 -$16.0 -$6.6 $16.1 $5.9 $3.7 $4.2 $4.2 $13 <-this year 199.21% 157.68% <-Total Growth 10 Cash Flow Growth 157.68% 9.93%
Royalty Payments Growth $33.01 $34.81 $35.33 $35.61 $35.41 $35.95 $31.79 $31.92 $36.43 $40.22 $39.81 $40 <-this year 0.44% 20.58% <-Total Growth 10 Royalty Payments Growth 20.58% 1.89%
Asset Growth $182.36 $184.23 $176.95 $175.05 $174.28 $155.90 $233.17 $240.51 $245.02 $254.85 $248.70 $248.70 <-this year 0.00% 36.38% <-Total Growth 10 Asset Growth 36.38% 3.15%
Dividends on Shares $58.50 $60.91 $61.60 $61.60 $61.60 $49.69 $49.32 $56.70 $63.36 $66.96 $66.96 $66.96 $66.96 $590.26 No of Years 10 Total Divs 12/31/14
Paid  $1,008.00 $982.80 $1,271.52 $1,166.40 $644.40 $703.44 $662.40 $865.44 $982.08 $1,059.84 $936.72 $1,068.48 $1,068.48 $1,068.48 $936.72 No of Years 10 Worth $14.00 71.43
Total $1,526.98
Graham Number AEPS $12.66 $12.75 $13.18 $13.12 $13.10 $13.08 $12.90 $12.64 $12.05 $12.10 $13.01 $13.67 $13.63 $13.60 $13.81 #DIV/0! 3.43% <-Total Growth 10 Graham Number AEPS PZA
Increase 22.74% 0.71% 3.32% -0.42% -0.12% -0.15% -1.37% -2.05% -4.66% 0.38% 7.51% 5.12% -0.32% -0.23% 1.55% #DIV/0! -0.24% <-Median-> 10 Graham Price PZA
Price/GP Ratio Med 0.76 0.94 1.03 1.09 1.14 1.28 0.96 0.77 0.65 0.88 0.99 1.04 1.01 1.01 1.00 <-Median-> 10 Price/GP Ratio Med PZA
Price/GP Ratio High 0.83 1.08 1.07 1.18 1.35 1.39 1.26 0.84 0.84 1.00 1.10 1.13 1.10 1.09 1.11 <-Median-> 10 Price/GP Ratio High PZA
Price/GP Ratio Low 0.68 0.80 1.00 0.99 0.94 1.17 0.65 0.71 0.47 0.75 0.89 0.96 0.91 0.93 0.90 <-Median-> 10 Price/GP Ratio Low PZA
Price/GP Ratio Close 0.79 1.04 1.06 1.04 1.35 1.24 0.69 0.77 0.76 0.99 1.05 1.08 0.95 1.09 1.07 #DIV/0! 1.02 <-Median-> 10 Price/GP Ratio Close PZA
Prem/Disc Close -20.86% 4.30% 6.26% 4.04% 34.78% 23.82% -30.64% -22.70% -23.66% -0.63% 4.88% 7.67% -4.53% 9.15% 7.49% #DIV/0! 1.71% <-Median-> 10 Graham Price PZA
Graham Number EPS $8.49 $12.38 $12.68 $12.56 $12.84 $12.91 $12.70 $12.39 $11.95 $11.84 $12.83 $13.54 $13.54 $13.60 $13.81 #DIV/0! 6.79% <-Total Growth 10 Graham Number EPS PZA
Increase -0.68% 45.75% 2.42% -0.96% 2.28% 0.49% -1.57% -2.49% -3.54% -0.89% 8.37% 5.48% 0.02% 0.40% 1.55% #DIV/0! -0.43% <-Median-> 10 Graham Price PZA
Price/GP Ratio Med 1.13 0.97 1.07 1.13 1.17 1.30 0.97 0.79 0.66 0.90 1.00 1.05 1.01 1.01 1.01 <-Median-> 10 Price/GP Ratio Med PZA
Price/GP Ratio High 1.24 1.11 1.11 1.23 1.37 1.41 1.28 0.85 0.85 1.02 1.11 1.14 1.11 1.09 1.12 <-Median-> 10 Price/GP Ratio High PZA
Price/GP Ratio Low 1.02 0.82 1.04 1.04 0.96 1.19 0.66 0.72 0.47 0.77 0.90 0.97 0.92 0.93 0.91 <-Median-> 10 Price/GP Ratio Low PZA
Price/GP Ratio Close 1.18 1.07 1.10 1.09 1.37 1.26 0.70 0.79 0.77 1.01 1.06 1.09 0.96 1.09 1.07 #DIV/0! 1.04 <-Median-> 10 Price/GP Ratio Close PZA
Prem/Disc Close 17.96% 7.43% 10.41% 8.70% 37.49% 25.51% -29.55% -21.13% -23.01% 1.50% 6.28% 8.73% -3.92% 9.15% 7.49% #DIV/0! 3.89% <-Median-> 10 Graham Price PZA
Month, Year Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Dec-26 Dec-27 19.00 <Count Years> Month, Year
Price Close $10.02 $13.30 $14.00 $13.65 $17.66 $16.20 $8.95 $9.77 $9.20 $12.02 $13.64 $14.72 $13.01 $14.84 $14.84 $14.84 -7.07% <-Total Growth 10 Stock Price PZA
Increase 17.19% 32.73% 5.26% -2.50% 29.38% -8.27% -44.75% 9.16% -5.83% 30.65% 13.48% 7.92% -11.62% 14.07% 0.00% 0.00% 15.35 <-Median-> 10 CAPE (10 Yr P/E)
P/E Ratio 27.08 16.84 16.87 16.65 20.53 18.62 10.53 11.49 12.11 16.24 15.86 15.33 13.83 15.46 14.99 14.55 5.90% <-IRR #YR-> 5 Stock Price 33.16% PZA
Trailing P/E Ratio 18.22 35.95 17.72 16.45 21.54 18.84 10.29 11.49 10.82 15.82 18.43 17.12 13.55 15.77 15.46 14.99 -0.73% <-IRR #YR-> 10 Stock Price -7.07% PZA
CAPE (10 Yr P/E) 14.28 13.03 14.32 14.47 15.25 15.71 16.07 16.12 15.60 15.45 15.14 15.03 14.48 14.09 13.08% <-IRR #YR-> 5 Price & Dividend 82.58% PZA
Median 10, 5 Yrs D.  per yr 6.03% 7.18% % Tot Ret 113.79% 54.91% T P/E 15.82 P/E:  15.60 15.33 5.30% <-IRR #YR-> 10 Price & Dividend 57.19% PZA
Price 15 D.  per yr 9.14% % Tot Ret 69.33% CAPE Diff -2.12% 4.04% <-IRR #YR-> 15 Stock Price 0.00% PZA
Price 20 D.  per yr 7.55% % Tot Ret 84.41% 1.39% <-IRR #YR-> 19 Stock Price
Price & Dividend 15 13.18% <-IRR #YR-> 15 Price & Dividend 262.97% PZA
Price & Dividend 20 8.94% <-IRR #YR-> 19 Price & Dividend
Price  5 -$9.77 $0.00 $0.00 $0.00 $0.00 $13.01 Price  5
Price 10 -$14.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.01 Price 10
Price & Dividend 5 -$9.77 $0.69 $0.69 $0.79 $0.88 $13.94 Price & Dividend 5
Price & Dividend 10 -$14.00 $0.81 $0.85 $0.86 $0.86 $0.86 $0.69 $0.69 $0.79 $0.88 $13.94 Price & Dividend 10
Price 15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.01 Price 15
Price 20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.01 Price 20
Price & Dividend 15 $0.71 $0.76 $0.80 $0.81 $0.85 $0.86 $0.86 $0.86 $0.69 $0.69 $0.79 $0.88 $13.94 Price & Dividend 15
Price & Dividend 20 $0.71 $0.76 $0.80 $0.81 $0.85 $0.86 $0.86 $0.86 $0.69 $0.69 $0.79 $0.88 $13.94 Price & Dividend 20
Price H/L Median $9.59 $11.96 $13.60 $14.24 $14.97 $16.75 $12.36 $9.77 $7.89 $10.63 $12.89 $14.24 $13.70 $13.77 0.74% <-Total Growth 10 Stock Price PZA
Increase 12.04% 24.78% 13.67% 4.71% 5.13% 11.89% -26.19% -21.00% -19.25% 34.75% 21.27% 10.48% -3.79% 0.51% 0.07% <-IRR #YR-> 10 Stock Price 0.74% PZA
P/E Ratio 25.91 15.14 16.38 17.36 17.40 19.25 14.54 11.49 10.38 14.36 14.98 14.83 14.55 14.34 7.00% <-IRR #YR-> 5 Stock Price 40.25% PZA
Trailing P/E Ratio 17.43 32.32 17.21 17.15 18.25 19.47 14.21 11.49 9.28 13.98 17.41 16.55 14.27 14.63 6.22% <-IRR #YR-> 10 Price & Dividend 66.91% PZA
P/E on Running 5 yr Average 12.68 17.09 19.88 21.18 20.39 20.08 14.61 11.49 9.41 13.05 15.87 17.07 16.07 15.43 14.04% <-IRR #YR-> 5 Price & Dividend 89.69% PZA
P/E on Running 10 yr Average 20.29 18.68 19.66 21.06 15.99 12.73 10.44 13.73 15.66 16.95 16.09 15.91 14.69 P/E Ratio Historical Median PZA
Median 10, 5 Yrs D.  per yr 6.15% 7.04% % Tot Ret 98.82% 50.16% T P/E 14.27 P/E:  14.69 14.55 Count 19 Years of data PZA
-$13.60 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $13.70
-$9.77 $0.00 $0.00 $0.00 $0.00 $13.70
-$13.60 $0.86 $0.86 $0.69 $0.69 $0.79 $0.88 $0.93 $0.93 $0.93 $14.63
-$9.77 $0.69 $0.69 $0.79 $0.88 $14.63
High Months Oct 12 Oct 13 Nov 14 Feb 15 Dec 16 May 17 Jan 18 Apr 19 Jan 20 Nov 21 Mar 22 Aug 23 Jan 24 May 25 PZA
Price High $10.54 $13.77 $14.05 $15.47 $17.66 $18.19 $16.29 $10.58 $10.14 $12.13 $14.25 $15.38 $15.00 $14.84 6.76% <-Total Growth 10 Stock Price PZA
Increase 12.73% 30.65% 2.03% 10.11% 14.16% 3.00% -10.45% -35.05% -4.16% 19.63% 17.48% 7.93% -2.47% -1.07% 0.66% <-IRR #YR-> 10 Stock Price 6.76% PZA
P/E Ratio 28.49 17.43 16.93 18.87 20.53 20.91 19.16 12.45 13.34 16.39 16.57 16.02 15.94 15.46 7.23% <-IRR #YR-> 5 Stock Price 41.78% PZA
Trailing P/E Ratio 19.16 37.22 17.78 18.64 21.54 21.15 18.72 12.45 11.93 15.96 19.26 17.88 15.63 15.77 16.48 P/E Ratio Historical Median PZA
Median 10, 5 Yrs T P/E 15.96 P/E:  16.48 16.02 19.67 P/E Ratio Historical High PZA
-$14.05 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $15.00
-$10.58 $0.00 $0.00 $0.00 $0.00 $15.00
Low Months Jan 12 Jan 13 Apr 14 Aug 15 Feb 16 Nov 17 Nov 18 Jan 19 Mar 20 Jan 21 Jan 22 Oct 23 Sep 24 Feb 25 PZA
Price Low $8.63 $10.15 $13.14 $13.00 $12.27 $15.30 $8.43 $8.95 $5.63 $9.12 $11.52 $13.09 $12.39 $12.69 -5.71% <-Total Growth 10 Stock Price PZA
Increase 11.21% 17.61% 29.46% -1.07% -5.62% 24.69% -44.90% 6.17% -37.09% 61.99% 26.32% 13.63% -5.35% 2.42% -0.59% <-IRR #YR-> 10 Stock Price -5.71% PZA
P/E Ratio 23.32 12.85 15.83 15.85 14.27 17.59 9.92 10.53 7.41 12.32 13.40 13.64 13.17 13.22 6.72% <-IRR #YR-> 5 Stock Price 38.44% PZA
Trailing P/E Ratio 15.69 27.43 16.63 15.66 14.96 17.79 9.69 10.53 6.62 12.00 15.57 15.22 12.91 13.49 13.01 P/E Ratio Historical Median PZA
Median 10, 5 Yrs T P/E 12.91 P/E:  13.28 13.17 7.44 P/E Ratio Historical Low PZA
-$13.14 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $12.39
Free Cash Flow PZA Mkt Sc $21.33 $18.95 $18.78 $22.37 $23.80 $23.07
Change -11.16% -0.90% 19.12% 6.39% -3.07%
Free Cash Flow PZA (PPRC) WSJ $28.014 $27.656 $28.297 $25.188 $24.754 $28.989 $31.350 $30.795
Change -1.28% 2.32% -10.99% -1.72% 17.11% 8.14% -1.77%
Free Cash Flow PZA MS $13.01 $25.35 $24.96 $27.13 $27.31 $28.10 $27.66 $28.30 $25.19 $24.75 $28.99 $31.69 $31.37 25.68% <-Total Growth 10 Free Cash Flow PZA
Change -30.69% 94.85% -1.54% 8.69% 0.66% 2.89% -1.57% 2.31% -10.99% -1.75% 17.13% 9.31% -1.01% 2.08% <-IRR #YR-> 5 Free Cash Flow MS 10.85% PZA
FCF/CF from Op Ratio 1.00 1.00 0.96 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.01 1.02 2.31% <-IRR #YR-> 10 Free Cash Flow MS 25.68% PZA
Dividends paid $22.80 $24.50 $25.87 $26.21 $27.41 $28.03 $28.62 $28.83 $23.47 $23.60 $27.21 $30.78 $33.52 29.58% <-Total Growth 10 Dividends paid PZA
Percentage paid 175.23% 96.66% 103.63% 96.59% 100.38% 99.74% 103.46% 101.89% 93.18% 95.34% 93.86% 97.13% 106.85% $0.98 <-Median-> 10 Percentage paid PZA
5 Year Covrage 114.12% 111.40% 107.67% 99.37% 100.72% 100.43% 99.86% 98.92% 97.66% 96.38% 97.60% 5 Year Covrage PZA
Dividend Coverage Ratio 0.96 1.04 1.00 1.00 0.97 0.98 1.07 1.05 1.07 1.03 0.94 1.02 <-Median-> 10 Dividend Coverage Ratio PZA
5 Year of Coverage 1.00 1.00 1.01 1.02 1.04 1.02 5 Year of Caogerage PZA
Market Cap PZA (PPRC) $218.6 $290.2 $305.5 $336.0 $434.8 $398.8 $220.3 $240.5 $226.5 $295.9 $335.8 $362.4 $320.3 $365.3 $365.3 $0.0 4.85% <-Total Growth 10 Market Cap
Company Value PPL $203.2 $177.4 $182.4 $184.2 $176.9 $175.0 $174.3 $155.9 $233.2 $240.5 $245.0 $254.8 $248.7 $248.7 $248.7 $248.7 36.38% <-Total Growth 10 Market Cap
9.79% <-IRR #YR-> 5 Market Cap
3.15% <-IRR #YR-> 10 Market Cap
Diluted # of Shares in Million 29.70 29.93 30.30 30.74 30.92 31.21 31.67 31.97 32.18 32.18 32.18 32.34 33.35 33.35 10.08% <-Total Growth 10 Diluted PZA
Change 0.04% 0.77% 1.22% 1.46% 0.58% 0.95% 1.45% 0.95% 0.66% 0.00% 0.00% 0.50% 3.14% 0.00% 0.96% <-IRR #YR-> 10 Diluted PZA
Difference Diluted/Basic -26.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.85% <-IRR #YR-> 5 Diluted PZA
Change in Diluted Shares per Year
Basic # of Shares in Millions 21.82 29.93 30.30 30.74 30.92 31.21 31.67 31.97 32.18 32.18 32.18 32.34 33.35 33.35 10.08% <-Total Growth 10 Basic PZA
Change 0.00% 37.20% 1.22% 1.46% 0.58% 0.95% 1.45% 0.95% 0.66% 0.00% 0.00% 0.50% 3.14% 0.00% 0.80% <-Median-> 10 Change PZA
Difference Basic/Outstanding 0.00% -27.11% -27.99% -19.92% -20.38% -21.13% -22.26% -22.99% -23.49% -23.49% -23.49% -23.87% -26.19% -26.19% -23.24% <-Median-> 10 Difference PZA
$31.8 <-12 mths 3.11%
# of Share in Millions PZA (PPRC) 21.818 21.818 21.818 24.618 24.618 24.618 24.618 24.618 24.618 24.618 24.618 24.618 24.618 24.618 24.618 1.21% <-IRR #YR-> 10 Shares 12.83% PZA
Change 0.00% 0.00% 0.00% 12.83% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-IRR #YR-> 5 Shares 0.00% PZA
CF fr Operations $Millon $13.0 $25.4 $26.1 $27.2 $27.3 $28.0 $27.7 $28.3 $25.2 $24.8 $29.0 $31.4 $30.8 $31.8 <-12 mths 18.03% <-Total Growth 10 Cash Flow PZA
Increase -30.51% 94.39% 2.91% 4.11% 0.54% 2.57% -1.28% 2.32% -10.99% -1.72% 17.11% 8.14% -1.77% 3.11% <-12 mths Why increase decrease PZA
5 year Running Average $18.5 $19.5 $20.7 $22.1 $23.8 $26.8 $27.2 $27.7 $27.3 $26.8 $27.0 $27.7 $28.2 $29.5 <-12 mths 36.24% <-Total Growth 10 CF 5 Yr Running PZA
CFPS $0.60 $1.16 $1.20 $1.10 $1.11 $1.14 $1.12 $1.15 $1.02 $1.01 $1.18 $1.27 $1.25 $1.29 <-12 mths 4.61% <-Total Growth 10 Cash Flow per Share PZA
Increase -30.51% 94.39% 2.91% -7.73% 0.54% 2.57% -1.28% 2.32% -10.99% -1.72% 17.11% 8.14% -1.77% 3.11% <-12 mths 1.67% <-IRR #YR-> 10 Cash Flow 18.03% PZA
5 year Running Average $0.85 $0.90 $0.95 $0.98 $1.03 $1.14 $1.13 $1.12 $1.11 $1.09 $1.10 $1.13 $1.15 $1.20 <-12 mths 1.71% <-IRR #YR-> 5 Cash Flow 8.83% PZA
P/CF on Med Price 16.03 10.29 11.37 12.90 13.49 14.72 11.00 8.50 7.71 10.57 10.94 11.18 10.95 10.67 <-12 mths 0.45% <-IRR #YR-> 10 Cash Flow per Share 4.61% PZA
P/CF on Closing Price 16.76 11.45 11.71 12.37 15.92 14.24 7.97 8.50 8.99 11.95 11.58 11.56 10.40 11.51 <-12 mths 1.71% <-IRR #YR-> 5 Cash Flow per Share 8.83% PZA
4.83% Diff M/C 1.90% <-IRR #YR-> 10 CFPS 5 yr Running 20.75% PZA
$32.17 <-12 mths 2.57%
Excl.Working Capital CF PZA $4.34 -$0.21 $0.03 $0.40 $0.39 -$0.11 $0.12 $0.00 -$0.27 $0.12 -$0.56 $0.38 $0.57 $0.00 <-12 mths 0.38% <-IRR #YR-> 5 CFPS 5 yr Running 1.90% PZA
CF fr Op $M WC $17.4 $25.1 $26.1 $27.6 $27.7 $27.9 $27.8 $28.3 $24.9 $24.9 $28.4 $31.7 $31.4 $31.8 <-12 mths 20.10% <-Total Growth 10 Cash Flow less WC PZA
Increase 10.17% 44.70% 3.86% 5.55% 0.50% 0.73% -0.46% 1.85% -11.94% -0.19% 14.32% 11.59% -1.13% 1.22% <-12 mths 1.85% <-IRR #YR-> 10 Cash Flow less WC 20.10% PZA
5 year Running Average $18.8 $19.8 $20.9 $22.4 $24.8 $26.9 $27.4 $27.9 $27.3 $26.8 $26.9 $27.6 $28.3 $29.6 <-12 mths 2.08% <-IRR #YR-> 5 Cash Flow less WC 10.87% PZA
CFPS Excl. WC $0.80 $1.15 $1.20 $1.12 $1.13 $1.13 $1.13 $1.15 $1.01 $1.01 $1.15 $1.29 $1.27 $1.29 <-12 mths 3.04% <-IRR #YR-> 10 CF less WC 5 Yr Run 34.96% PZA
Increase 10.17% 44.70% 3.86% -6.46% 0.50% 0.73% -0.46% 1.85% -11.94% -0.19% 14.32% 11.59% -1.13% 1.22% <-12 mths 0.29% <-IRR #YR-> 5 CF less WC 5 Yr Run 1.48% PZA
5 year Running Average $0.86 $0.91 $0.96 $1.00 $1.08 $1.15 $1.14 $1.13 $1.11 $1.09 $1.09 $1.12 $1.15 $1.20 <-12 mths 0.63% <-IRR #YR-> 10 CFPS - Less WC 6.44% PZA
P/CF on Median Price 12.03 10.38 11.36 12.71 13.30 14.77 10.95 8.50 7.79 10.52 11.16 11.05 10.75 10.67 <-12 mths 2.08% <-IRR #YR-> 5 CFPS - Less WC 10.87% PZA
P/CF on Closing Price 12.58 11.54 11.70 12.19 15.69 14.29 7.93 8.50 9.09 11.90 11.81 11.42 10.21 11.51 <-12 mths 1.81% <-IRR #YR-> 10 CFPS 5 yr Running 19.61% PZA
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 10.98 5 yr  10.94 P/CF Med 10 yr 11.00 5 yr  10.75 4.60% Diff M/C 0.29% <-IRR #YR-> 5 CFPS 5 yr Running 1.48% PZA
-$1.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.25 Cash Flow per Share
-$1.15 $0.00 $0.00 $0.00 $0.00 $1.25 Cash Flow per Share
-$0.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.15 CFPS 5 yr Running
-$1.12 $0.00 $0.00 $0.00 $0.00 $1.15 CFPS 5 yr Running
-$26.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $31.4 Cash Flow less WC
-$28.3 $0.0 $0.0 $0.0 $0.0 $31.4 Cash Flow less WC
-$20.9 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $28.3 CF less WC 5 Yr Run
-$27.9 $0.0 $0.0 $0.0 $0.0 $28.3 CF less WC 5 Yr Run
-$1.20 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.27 CFPS - Less WC
-$1.15 $0.00 $0.00 $0.00 $0.00 $1.27 CFPS - Less WC
Royalty as % of Cash Flow PPL 314.7% 1484.3% -339.2% -2254.3% -130.9% -668.2% -174.4% -424.5% 157.4% 424.9% 771.0% 744.4% 673.5% 52.6% 673.46% <-Median-> 5 Royalty as % of CF  PPL
5 year Running Average -56.6% 238.8% 171.5% -278.8% -185.1% -381.7% -713.4% -730.5% -248.1% -136.9% 150.9% 334.7% 554.2% 533.3% 150.89% <-Median-> 5 5 year Running Average PPL
CF fr Operations $Millon $7.671 $1.622 -$7.244 -$1.244 -$21.957 -$4.288 -$15.968 -$6.638 $16.081 $5.898 $3.710 $4.178 $4.178 $12.501 157.68% <-Total Growth 10 CF fr Operations $Millon PPL
Royalty Paid to PZA excl from PZA $24.143 $24.075 $24.572 $28.044 $28.748 $28.651 $27.853 $28.175 $25.308 $25.063 $28.604 $31.102 $28.137 $6.577 14.51% <-Total Growth 10 Royalty Paid to PZA PPL
Royalty as % of Cash Flow PPL 269.87% 330.43% 269.61% -646.32% 818.33% -330.12% 325.12% 877.18% 170.68% 162.66% 193.74% 172.73% 404.44% 568.76% 172.73% <-Median-> 5 Royalty as % of CF ' PPL
5 year Running Average 52.44% 102.88% 179.35% 505.38% 528.47% 1944.74% 1686.25% 6221.24% 647.05% 405.12% 237.77% 208.78% 197.55% 245.94% 237.77% <-Median-> 5 5 year Running Average PPL
CF fr Op $M WC $8.946 $7.286 $9.114 -$4.339 $3.513 -$8.679 $8.567 $3.212 $14.828 $15.408 $14.764 $18.006 $6.957 $7.030 -23.67% <-Total Growth 10 CF fr Op $M WC PPL
Royalty Paid to PZA excl from PZA $24.14 $24.08 $24.57 $28.04 $28.75 $28.65 $27.85 $28.18 $25.31 $25.06 $28.60 $31.10 $28.14 $39.98 14.51% <-Total Growth 10 Royalty Paid to PZA WC PPL
$12.5 <-12 mths 199.21%
# of Share in Millions PPL 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.00% <-IRR #YR-> 10 Shares 0.00% PPL
Change 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% <-IRR #YR-> 5 Shares 0.00% PPL
CF fr Operations $Millon $7.7 $1.6 -$7.2 -$1.2 -$22.0 -$4.3 -$16.0 -$6.6 $16.1 $5.9 $3.7 $4.2 $4.2 $12.5 <-12 mths 157.68% <-Total Growth 10 Cash Flow PPL
Increase 296.79% -78.86% -546.61% 82.83% -1665.03% 80.47% -272.39% 58.43% 342.26% -63.32% -37.10% 12.61% 0.00% 199.21% <-12 mths Why increase decrease PPL
5 year Running Average $15.9 $11.4 $5.5 -$0.6 -$4.2 -$6.6 -$10.1 -$10.0 -$6.6 -$1.0 $0.6 $4.6 $6.8 $6.1 <-12 mths 23.18% <-Total Growth 10 CF 5 Yr Running PPL
CFPS $38,355 $8,110 -$36,220 -$6,220 -$109,785 -$21,440 -$79,840 -$33,190 $80,405 $29,490 $18,550 $20,890 $20,890 $62,505 <-12 mths 157.68% <-Total Growth 10 Cash Flow per Share PPL
Increase 296.79% -78.86% -546.61% 82.83% -1665.03% 80.47% -272.39% 58.43% 342.26% -63.32% -37.10% 12.61% 0.00% 199.21% <-12 mths #NUM! <-IRR #YR-> 10 Cash Flow 157.68% PPL
5 year Running Average $79,409 $57,199 $27,638 -$3,093 -$21,152 -$33,111 -$50,701 -$50,095 -$32,770 -$4,915 $3,083 $23,229 $34,045 $30,465 <-12 mths #NUM! <-IRR #YR-> 5 Cash Flow 162.94% PPL
P/CF on Median Price based on PZA 0.04 0.01 -0.02 0.00 -0.06 -0.01 -0.05 -0.03 0.08 0.02 0.01 0.01 0.01 0.04 <-12 mths #NUM! <-IRR #YR-> 10 Cash Flow per Share 157.68% PPL
P/CF on Closing Price based on PZA 0.04 0.01 -0.02 0.00 -0.05 -0.01 -0.07 -0.03 0.07 0.02 0.01 0.01 0.01 0.03 <-12 mths #NUM! <-IRR #YR-> 5 Cash Flow per Share 162.94% PPL
740.11% Diff M/C 2.11% <-IRR #YR-> 10 CFPS 5 yr Running 23.18% PPL
$7.0 <-12 mths 1.05%
Excl.Working Capital CF PPL $1.3 $5.7 $16.4 -$3.1 $25.5 -$4.4 $24.5 $9.9 -$1.3 $9.5 $11.1 $13.8 $2.8 $7.0 <-12 mths #NUM! <-IRR #YR-> 5 CFPS 5 yr Running 167.96% PPL
CF fr Op $M WC $8.9 $7.3 $9.1 -$4.3 $3.5 -$8.7 $8.6 $3.2 $14.8 $15.4 $14.8 $18.0 $7.0 $7.0 <-12 mths -23.67% <-Total Growth 10 Cash Flow less WC PPL
Increase 150.73% -18.56% 25.09% -147.61% 180.96% -347.05% 198.71% -62.51% 361.64% 3.91% -4.18% 21.96% -61.36% 1.05% <-12 mths -2.66% <-IRR #YR-> 10 Cash Flow less WC -23.67% PPL
5 year Running Average $18.2 $13.6 $10.6 $4.9 $4.9 $1.4 $1.6 $0.5 $4.3 $6.7 $11.4 $13.2 $14.0 $12.4 <-12 mths 16.72% <-IRR #YR-> 5 Cash Flow less WC 116.59% PPL
CFPS Excl. WC $44,730 $36,430 $45,570 -$21,695 $17,565 -$43,395 $42,835 $16,060 $74,140 $77,040 $73,820 $90,030 $34,785 $35,150 <-12 mths 2.79% <-IRR #YR-> 10 CF less WC 5 Yr Run 31.63% PPL
Increase 150.73% -18.56% 25.09% -147.61% 180.96% -347.05% 198.71% -62.51% 361.64% 3.91% -4.18% 21.96% -61.36% 1.05% <-12 mths 98.43% <-IRR #YR-> 5 CF less WC 5 Yr Run 2976.65% PPL
5 year Running Average $91,202 $68,185 $53,153 $24,575 $24,520 $6,895 $8,176 $2,274 $21,441 $33,336 $56,779 $66,218 $69,963 $62,165 <-12 mths -2.66% <-IRR #YR-> 10 CFPS - Less WC -23.67% PPL
P/CF on Median Price based on PZA 0.04 0.03 0.03 -0.01 0.01 -0.02 0.03 0.01 0.08 0.06 0.05 0.05 0.02 0.02 <-12 mths 16.72% <-IRR #YR-> 5 CFPS - Less WC 116.59% PPL
P/CF on Closing Price based on PZA 0.04 0.03 0.03 -0.01 0.01 -0.02 0.04 0.01 0.07 0.05 0.04 0.05 0.02 0.02 <-12 mths 12.33% <-IRR #YR-> 10 CFPS 5 yr Running 31.63% PPL
*Operational Cash Flow. CF/-WC P/CF Med 10 yr 0.00 5 yr  0.01 P/CF Med 10 yr 0.02 5 yr  0.05 -21.12% Diff M/C 98.43% <-IRR #YR-> 5 CFPS 5 yr Running 2976.65% PPL
$36,220 $0 $0 $0 $0 $0 $0 $0 $0 $0 $20,890 Cash Flow per Share
$33,190 $0 $0 $0 $0 $20,890 Cash Flow per Share
-$27,638 $0 $0 $0 $0 $0 $0 $0 $0 $0 $34,045 CFPS 5 yr Running
$50,095 $0 $0 $0 $0 $34,045 CFPS 5 yr Running
-$9.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7.0 Cash Flow less WC
-$3.2 $0.0 $0.0 $0.0 $0.0 $7.0 Cash Flow less WC
-$10.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $14.0 CF less WC 5 Yr Run
-$0.5 $0.0 $0.0 $0.0 $0.0 $14.0 CF less WC 5 Yr Run
-$45,570 $0 $0 $0 $0 $0 $0 $0 $0 $0 $34,785 CFPS - Less WC
-$16,060 $0 $0 $0 $0 $34,785 CFPS - Less WC
OPM Ratio PZA 2.71% 5.16% 5.16% 5.09% 5.01% 5.08% 5.06% 5.11% 5.16% 5.01% 5.10% 4.99% 4.96% 4.99% -3.88% <-Total Growth 10 OPM PZA
Increase -32.48% 90.61% -0.01% -1.44% -1.49% 1.41% -0.41% 1.00% 0.89% -2.78% 1.72% -2.19% -0.55% 0.61% Should increase  or be stable. PZA
Diff from Median -46.6% 1.8% 1.8% 0.3% -1.2% 0.2% -0.2% 0.8% 1.7% -1.1% 0.6% -1.6% -2.2% -1.6% 0.00 <-Median-> 10 OPM PZA
*Operational Profit Margin (CF/Revenue) Ratio OPM 10 Yrs 5.07% 5 Yrs 5.01% should be  zero, it is a   check on calculations PZA
EBITDA Mkt Sc $33.89 $31.17 $31.38 $33.62 $36.23 $38.09 $40.00 $41.40 $42.80 EBITDA Fr Mt Sc
Change -8.03% 0.67% 7.14% 7.76% 5.13% 5.01% 3.50% 3.38% Change
Margin 6.12% 6.38% 6.36% 5.92% 5.77% 6.14% 6.29% 6.28% 6.28% Margin
Long Term Debt PZA (PPRC) $46.87 $46.90 $46.93 $46.94 $46.98 $46.99 $46.99 $46.91 $46.92 $46.94 $46.96 $46.98 $46.99 $46.92 Debt PZA
Change 0.07% 0.07% 0.07% 0.01% 0.09% 0.02% 0.02% -0.18% 0.03% 0.04% 0.04% 0.04% 0.04% -0.17% 0.03% <-Median-> 10 Change PZA
Debt/Market Cap Ratio 0.21 0.16 0.15 0.14 0.11 0.12 0.21 0.20 0.21 0.16 0.14 0.13 0.15 0.13 0.14 <-Median-> 10 Debt/Market Cap Ratio PZA
Assets/Current Liabilities Ratio 176.07 132.53 99.68 95.88 110.93 110.09 121.42 113.02 148.11 129.48 90.38 85.81 7.40 102.41 110.51 <-Median-> 10 Assets/Current Liabilities Ratio PZA
Debt to Cash Flow (Years) 3.59 1.85 1.80 1.73 1.72 1.68 1.70 1.66 1.86 1.90 1.62 1.50 1.53 1.48 1.69 <-Median-> 10 Debt to Cash Flow (Years) PZA
Intangibles PZA $319.32 $321.54 $327.86 $333.90 $336.37 $341.13 $348.42 $351.82 $353.72 $353.72 $353.72 $355.90 $363.87 $363.87
Goodwill $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total $319.32 $321.54 $327.86 $333.90 $336.37 $341.13 $348.42 $351.82 $353.72 $353.72 $353.72 $355.90 $363.87 $363.87 Rights and  Marks Goodwill PZA
Change 0.03% 0.69% 1.97% 1.84% 0.74% 1.42% 2.13% 0.98% 0.54% 0.00% 0.00% 0.62% 2.24% 0.00% 0.86% <-Median-> 10 Change PZA
Intangible/Market Cap Ratio 1.46 1.11 1.07 0.99 0.77 0.86 1.58 1.46 1.56 1.20 1.05 0.98 1.14 1.00 1.09 <-Median-> 10 Intangible/Market Cap Ratio PZA
Current Assets PZA $6.413 $7.145 $7.254 $8.487 $8.276 $8.225 $7.141 $6.680 $7.829 $9.341 $11.582 $12.549 $9.621 $8.897 Liquidity ratio of 1.5 and up, best Quick Ratio PZA
Current Liabilities $1.850 $2.480 $3.362 $3.571 $3.107 $3.175 $2.930 $3.097 $2.441 $2.804 $4.070 $4.313 $50.529 $3.702 2.63 <-Median-> 10 Ratio PZA
Liquidity Ratio 3.47 2.88 2.16 2.38 2.66 2.59 2.44 2.16 3.21 3.33 2.85 2.91 0.19 2.40 2.91 <-Median-> 5 Ratio PZA
Liq. with CF aft div 2.12 6.40 4.73 4.38 4.75 4.78 4.69 4.49 6.57 6.15 5.20 5.16 0.35 4.80 5.20 <-Median-> 5 Ratio PZA
Liq. CF re  Inv+Div  2.12 6.40 4.55 4.34 4.75 4.78 4.69 4.49 6.57 4.85 3.22 5.16 0.35 4.80 4.85 <-Median-> 5 Ratio PZA
Assets PZA $325.7 $328.7 $335.1 $342.4 $344.6 $349.5 $355.8 $350.0 $361.5 $363.1 $367.8 $370.1 $373.7 $379.1 Debt Ratio of 1.5 and up, best Current Ratio PZA
Liabilities $57.6 $59.3 $61.1 $68.9 $69.3 $69.8 $70.5 $71.5 $73.1 $72.8 $75.4 $76.2 $75.5 $75.5 4.96 <-Median-> 10 Ratio PZA
Debt Ratio 5.65 5.54 5.48 4.97 4.98 5.01 5.05 4.89 4.94 4.98 4.88 4.86 4.95 5.02 4.94 <-Median-> 5 Ratio PZA
Book Value PZA $268.1 $269.4 $274.0 $273.4 $275.4 $279.8 $285.3 $278.5 $288.4 $290.2 $292.4 $293.9 $298.2 $303.7
Exchangeble Shares $79.0 $81.2 $86.1 $63.0 $65.5 $70.3 $77.5 $80.9 $82.8 $82.8 $82.8 $85.0 $85.0 $93.0
Net Book Value PZA $189.1 $188.2 $187.8 $210.4 $209.9 $209.5 $207.7 $197.5 $205.6 $207.4 $209.6 $208.9 $213.2 $210.7 $210.7 $210.7 13.49% <-Total Growth 10 Book Value PZA
Book Value per share $8.67 $8.62 $8.61 $8.55 $8.53 $8.51 $8.44 $8.02 $8.35 $8.42 $8.51 $8.48 $8.66 $8.56 $8.56 #DIV/0! 0.59% <-Total Growth 10 Book Value per Share PZA
Increase 46.62% -0.50% -0.16% -0.72% -0.25% -0.18% -0.84% -4.93% 4.07% 0.89% 1.06% -0.33% 2.06% -1.18% 0.00% #DIV/0! 30.97% P/B Ratio Current/Historical Median PZA
P/B Ratio (Median) 1.11 1.39 1.58 1.67 1.76 1.97 1.46 1.22 0.94 1.26 1.51 1.68 1.58 1.61 1.32 P/B Ratio Historical Median PZA
P/B Ratio (Close) 1.16 1.54 1.63 1.60 2.07 1.90 1.06 1.22 1.10 1.43 1.60 1.73 1.50 1.73 1.73 #DIV/0! 0.06% <-IRR #YR-> 10 Book Value per Share 0.59% PZA
Change -20.07% 33.40% 5.43% -1.79% 29.70% -8.10% -44.28% 14.82% -9.52% 29.50% 12.29% 8.28% -13.40% 15.43% 0.00% #DIV/0! 1.54% <-IRR #YR-> 5 Book Value per Share 7.94% PZA
Leverage (A/BK) 1.72 1.75 1.78 1.63 1.64 1.67 1.71 1.77 1.76 1.75 1.76 1.77 1.75 1.80 1.76 <-Median-> 5 A/BV PZA
Debt/Equity Ratio 0.30 0.32 0.33 0.33 0.33 0.33 0.34 0.36 0.36 0.35 0.36 0.36 0.35 0.36 0.36 <-Median-> 5 Debt/Eq Ratio PZA
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 1.55 5 yr Med 1.51 12.06% Diff M/C 1.72 Historical Leverage (A/BK) PZA
-$8.61 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $8.66
-$8.02 $0.00 $0.00 $0.00 $0.00 $8.66
Long Term Debt PPL $214.09 $212.15 $208.89 $206.57 $204.63 $202.11 $199.69 $197.12 $195.43 $193.17 $190.79 $187.92 $185.94 $185.53 Deferred gain Debt PPL
Change -1.26% -0.90% -1.54% -1.11% -0.94% -1.23% -1.20% -1.29% -0.86% -1.15% -1.23% -1.51% -1.05% -0.22% -1.18% <-Median-> 10 Change PPL
Debt/Market Cap Ratio 1.05 1.20 1.15 1.12 1.16 1.15 1.15 1.26 0.84 0.80 0.78 0.74 0.75 0.75 0.98 <-Median-> 10 Debt/Market Cap Ratio PPL
Intangibles PPL $18.88 $18.93 $0.75 $0.45 $0.13 $3.89 $4.74 $4.06 $2.70 $1.85 $1.43 $1.15 $0.88 $1.09
Goodwill $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total $18.88 $18.93 $0.75 $0.45 $0.13 $3.89 $4.74 $4.06 $2.70 $1.85 $1.43 $1.15 $0.88 $1.09 Goodwill  & Intangibles Goodwill PPL
Change -0.51% 0.29% -96.03% -39.76% -71.30% 2893.08% 21.74% -14.33% -33.49% -31.42% -22.69% -19.36% -24.00% 23.72% -23.35% <-Median-> 10 Change PPL
Intangible/Market Cap Ratio 0.09 0.11 0.00 0.00 0.00 0.02 0.03 0.03 0.01 0.01 0.01 0.00 0.00 0.00 0.01 <-Median-> 10 Intangible/Market Cap Ratio PPL
Current Assets PPL $61.7 $48.6 $58.6 $66.9 $55.7 $44.9 $42.5 $39.2 $42.4 $40.7 $46.3 $51.0 $51.7 $52.2 Liquidity ratio of 1.5 and up, best Quick Ratio PPL
Current Liabilities $38.1 $41.1 $40.1 $54.5 $47.1 $54.9 $51.6 $47.2 $70.8 $71.8 $72.6 $72.9 $65.6 $65.1 0.80 <-Median-> 10 Ratio PPL
Liquidity Ratio 1.62 1.18 1.46 1.23 1.18 0.82 0.82 0.83 0.60 0.57 0.64 0.70 0.79 0.80 0.64 <-Median-> 5 Ratio PPL
Liquity with CF 1.82 1.22 1.28 1.21 0.72 0.74 0.51 0.69 0.83 0.65 0.69 0.76 0.85 0.99
Deficit $28.4 $31.1 $26.3 $21.9 $13.9 $13.0
Assets PPL $203.2 $177.4 $182.4 $184.2 $176.9 $175.0 $174.3 $155.9 $233.2 $240.5 $245.0 $254.8 $248.7 $241.7 Debt Ratio of 1.5 and up, best Current Ratio PPL
Liabilities $312.3 $275.7 $271.5 $284.1 $273.5 $277.9 $277.5 $256.9 $338.5 $346.0 $349.6 $356.8 $342.4 $344.1 0.67 <-Median-> 10 Ratio PPL
Debt Ratio 0.65 0.64 0.67 0.65 0.65 0.63 0.63 0.61 0.69 0.70 0.70 0.71 0.73 0.70 0.70 <-Median-> 5 Ratio PPL
Deferred Gain (added back) $213.20 $210.87 $208.54 $206.21 $203.88 $201.55 $199.22 $196.89 $194.56 $192.23 $189.90 $187.57 $185.24 $186.99 1.31 <-Median-> 10 PPL
Debt Ratios 1.33 1.41 1.44 1.37 1.39 1.36 1.35 1.37 1.26 1.25 1.24 1.24 1.27 1.25 1.25 <-Median-> 5 Debt Ratios PPL
Book Value PPL -109.12 -98.28 -89.10 -99.92 -96.57 -102.828 -103.167 -100.946 -105.381 -105.502 -104.585 -101.940 -93.703 -102.489
NCI (The Fund's) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book Value PPL -$109.1 -$98.3 -$89.1 -$99.9 -$96.6 -$102.8 -$103.2 -$100.9 -$105.4 -$105.5 -$104.6 -$101.9 -$93.7 -$102.5 -$102.5 -5.16% <-Total Growth 10 Book Value PPL
Book Value per share -$545,610 -$491,390 -$445,515 -$499,585 -$482,825 -$514,140 -$515,835 -$504,730 -$526,905 -$527,510 -$522,925 -$509,700 -$468,515 -$512,445 #DIV/0! -5.16% <-Total Growth 10 Book Value per Share PPL
Increase 2.43% 9.94% 9.34% -12.14% 3.35% -6.49% -0.33% 2.15% -4.39% -0.11% 0.87% 2.53% 8.08% -9.38% #DIV/0! #NUM! P/B Ratio Current/Historical Median PPL
P/B Ratio (Median) #NUM! P/B Ratio Historical Median PPL
P/B Ratio (Close) 0.50% <-IRR #YR-> 10 Book Value per Share -5.16% PPL
Change -1.48% <-IRR #YR-> 5 Book Value per Share 7.18% PPL
Leverage (A/BK) -1.86 -1.81 -2.05 -1.84 -1.83 -1.70 -1.69 -1.54 -2.21 -2.28 -2.34 -2.50 -2.65 -2.36 -2.34 <-Median-> 5 A/BV PPL
Debt/Equity Ratio -2.86 -2.81 -3.05 -2.84 -2.83 -2.70 -2.69 -2.54 -3.21 -3.28 -3.34 -3.50 -3.65 -3.36 -3.34 <-Median-> 5 Debt/Eq Ratio PPL
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med #NUM! 5 yr Med #NUM! -1.78 Historical Leverage (A/BK) PPL
$445,515 $0 $0 $0 $0 $0 $0 $0 $0 $0 -$468,515
$504,730 $0 $0 $0 $0 -$468,515
Book Value PPL (excl Deferred Gain) $104.08 $112.59 $119.44 $106.29 $107.31 $98.72 $96.05 $95.94 $89.18 $86.73 $85.31 $85.63 $91.54 $84.50 $84.5 $84.50 -23.36% <-Total Growth 10 Book Value PPL
Book Value per share (PZA Shares) $4.77 $5.16 $5.47 $4.32 $4.36 $4.01 $3.90 $3.90 $3.62 $3.52 $3.47 $3.48 $3.72 $3.43 $3.43 #DIV/0! -32.08% <-Total Growth 10 Book Value per Share PPL
Increase 0.37% 8.18% 6.08% -21.13% 0.96% -8.01% -2.70% -0.11% -7.05% -2.75% -1.63% 0.37% 6.90% -7.69% 0.00% #DIV/0! 21.51% P/B Ratio Current/Historical Median PPL
P/B Ratio (Median) 2.01 2.32 2.48 3.30 3.43 4.18 3.17 2.51 2.18 3.02 3.72 4.09 3.68 4.01 0.00 #DIV/0! 3.56 P/B Ratio Historical Median PPL
P/B Ratio (Close) 2.10 2.58 2.56 3.16 4.05 4.04 2.29 2.51 2.54 3.41 3.94 4.23 3.50 4.32 4.32 #DIV/0! -3.79% <-IRR #YR-> 10 Book Value per Share PPL
Change 16.76% 22.70% -0.77% 23.62% 28.15% -0.28% -43.22% 9.29% 1.31% 34.34% 15.36% 7.52% -17.32% 23.57% 0.00% #DIV/0! -0.94% <-IRR #YR-> 5 Book Value per Share PPL
Leverage (A/BK) 1.95 1.58 1.53 1.73 1.65 1.77 1.81 1.62 2.61 2.77 2.87 2.98 2.72 2.86 2.77 <-Median-> 5 A/BV PPL
Debt/Equity Ratio 0.95 0.58 0.53 0.73 0.65 0.77 0.81 0.62 1.61 1.77 1.87 1.98 1.72 1.86 1.77 <-Median-> 5 Debt/Eq Ratio PPL
Shareholders' Equity (Assets less Liabilities) P/BV 10 yr Med 3.37 5 yr Med 3.68 28.49% Diff M/C 2.67 Historical Leverage (A/BK) PPL
-$5.47 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.72
-$3.90 $0.00 $0.00 $0.00 $0.00 $3.72
$30.25 <-12 mths -0.04%
Comprehensive Income PZA (PPRC) $8.38 $24.10 $25.17 $25.59 $26.93 $27.64 $26.85 $27.60 $22.12 $25.55 $29.65 $30.27 $30.26 20.24% <-Total Growth 10 Comprehensive Income PZA
Increase -28.16% 187.39% 4.44% 1.67% 5.26% 2.64% -2.86% 2.78% -19.87% 15.51% 16.08% 2.08% -0.04% 2.08% <-Median-> 5 Comprehensive Income PZA
5 Yr Running Average $16 $17 $18 $19 $22 $26 $26 $27 $26 $26 $26 $27 $28 1.86% <-IRR #YR-> 10 Comprehensive Income 20.24% PZA
ROE 4.4% 12.8% 13.4% 12.2% 12.8% 13.2% 12.9% 14.0% 10.8% 12.3% 14.1% 14.5% 14.2% 1.86% <-IRR #YR-> 5 Comprehensive Income 9.65% PZA
5Yr Median 9.2% 9.2% 9.2% 12.2% 12.8% 12.8% 12.9% 12.9% 12.9% 12.9% 12.9% 14.0% 14.1% 4.47% <-IRR #YR-> 10 5 Yr Running Average 54.85% PZA
% Difference from Net Income 3.28% 1.45% 0.59% 1.38% 0.75% 2.20% -0.72% 1.07% -9.64% 6.78% 7.63% -2.28% -2.30% 0.48% <-IRR #YR-> 5 5 Yr Running Average 2.40% PZA
Median Values Diff 5, 10 yr 0.9% -2.3% 14.1% <-Median-> 5 Return on Equity PZA
-$25.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $30.3
-$27.6 $0.0 $0.0 $0.0 $0.0 $30.3
-$17.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $27.6
-$26.9 $0.0 $0.0 $0.0 $0.0 $27.6
Current Liability Coverage Ratio 9.39 10.14 7.77 7.72 8.92 8.79 9.48 9.14 10.21 8.87 6.99 7.36 0.62 8.58   CFO / Current Liabilities PZA
5 year Median 11.88 10.14 9.39 7.77 8.92 8.79 8.79 8.92 9.14 9.14 9.14 8.87 7.36 7.36 882.9% <-Median-> 10 Current Liability Cov Ratio PZA
Asset Efficiency Ratio 5.34% 7.65% 7.79% 8.05% 8.04% 7.98% 7.81% 8.08% 6.89% 6.85% 7.73% 8.57% 8.39% 8.37% CFO / Total Assets PZA
5 year Median 8.9% 7.7% 7.7% 7.7% 7.79% 7.98% 7.98% 8.04% 7.98% 7.81% 7.73% 7.73% 7.73% 8.37% 8.0% <-Median-> 10 Return on Assets  PZA
Return on Assets ROA 2.49% 7.23% 7.47% 7.37% 7.76% 7.74% 7.60% 7.80% 6.77% 6.59% 7.49% 8.37% 8.29% 6.23% Net  Income/Assets Return on Assets PZA
5Yr Median 8.39% 7.23% 7.23% 7.23% 7.37% 7.47% 7.60% 7.74% 7.74% 7.60% 7.49% 7.49% 7.49% 7.49% 7.7% <-Median-> 10 Asset Efficiency Ratio PZA
Return on Equity ROE 4.29% 12.62% 13.32% 11.99% 12.74% 12.91% 13.02% 13.82% 11.91% 11.54% 13.15% 14.83% 14.53% 11.22% Net Inc/ Shareholders' equity Return on Equity PZA
5Yr Median 9.22% 9.22% 9.22% 11.99% 12.62% 12.74% 12.91% 12.91% 12.91% 12.91% 13.02% 13.15% 13.15% 13.15% 13.0% <-Median-> 10 Return on Equity PZA
$31.00 <-12 mths
Net Income PZA $8.118 $23.751 $25.018 $25.238 $26.731 $27.048 $27.048 $27.305 $24.474 $23.923 $27.550 $30.977 $30.971 $23.6 $24.4 23.79% <-Total Growth 10 Net Income PZA
Increase -31.76% 192.57% 5.33% 0.88% 5.92% 1.19% 0.00% 0.95% -10.37% -2.25% 15.16% 12.44% -0.02% -23.69% 3.13% EPS/CF Ratio should not be higher than 1.00 PZA
5 Yr Running Average $16.665 $16.592 $17.601 $18.804 $21.771 $25.557 $26.217 $26.674 $26.521 $25.960 $26.060 $26.846 $27.579 $27.411 $27.501 2.16% <-IRR #YR-> 10 Net Income 23.79% PZA
Operating Cash Flow $13.043 $25.354 $26.091 $27.163 $27.311 $28.014 $27.656 $28.297 $25.188 $24.754 $28.989 $31.350 $30.795 2.55% <-IRR #YR-> 5 Net Income 13.43% PZA
Investment Cash Flow $0.000 $0.000 -$0.136 -$0.038 $0.000 $0.000 $0.000 $0.000 $0.000 -$0.750 -$2.500 $0.000 $0.000 4.59% <-IRR #YR-> 10 5 Yr Running Average 56.69% PZA
Total Accruals -$4.925 -$1.603 -$0.937 -$1.887 -$0.580 -$0.966 -$0.608 -$0.992 -$0.714 -$0.081 $1.061 -$0.373 $0.176 0.67% <-IRR #YR-> 5 5 Yr Running Average 3.39% PZA
Total Assets $325.736 $328.681 $335.112 $342.386 $344.646 $349.536 $355.761 $350.008 $361.545 $363.057 $367.831 $370.092 $373.745 Balance Sheet Assets PZA
Accruals Ratio -1.51% -0.49% -0.28% -0.55% -0.17% -0.28% -0.17% -0.28% -0.20% -0.02% 0.29% -0.10% 0.05% -0.02% <-Median-> 5 Ratio PZA
EPS/CF Ratio (WC) 0.46 0.69 0.69 0.73 0.76 0.77 0.75 0.74 0.75 0.73 0.74 0.74 0.74 0.74 <-Median-> 10 EPS/CF Ratio PZA
-$25.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $31.0
-$27.3 $0.0 $0.0 $0.0 $0.0 $31.0
-$17.6 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $27.6
-$26.7 $0.0 $0.0 $0.0 $0.0 $27.6
Change in Close 17.19% 32.73% 5.26% -2.50% 29.38% -8.27% -44.75% 9.16% -5.83% 30.65% 13.48% 7.92% -11.62% 14.07% 0.00% 0.00% Count 20 Years of data PZA
up/down Count 0 0.00% PZA
Meet Prediction? % right Count 0 #DIV/0! PZA
Financial Cash Flow PZA -$15.570 -$24.504 -$25.867 -$26.244 -$27.413 -$28.026 -$28.618 -$28.922 -$23.473 -$23.597 -$27.210 -$30.781 -$33.519 C F Statement  Financial Cash Flow PZA
Total Accruals $10.645 $22.901 $24.930 $24.357 $26.833 $27.060 $28.010 $27.930 $22.759 $23.516 $28.271 $30.408 $33.695 Accruals PZA
Accruals Ratio 3.27% 6.97% 7.44% 7.11% 7.79% 7.74% 7.87% 7.98% 6.29% 6.48% 7.69% 8.22% 9.02% 7.69% <-Median-> 5 Ratio PZA
$3.11 <-12 mths 8.10%
Comprehensive Income PPL $9.925 $10.841 $9.178 $27.801 $3.352 -$6.263 $1.667 $2.221 -$4.435 -$0.121 $0.917 $2.645 $2.878 -68.64% <-Total Growth 10 Comprehensive Income PPL
Increase 205.29% 9.23% -15.34% 202.91% -87.94% -286.84% 126.62% 33.23% -299.68% 97.27% 857.85% 188.44% 8.81% 97.27% <-Median-> 5 Comprehensive Income PPL
5 Yr Running Average $3.184 $5.729 $7.716 $12.199 $12.219 $8.982 $7.147 $5.756 -$0.692 -$1.386 $0.050 $0.245 $0.377 -10.95% <-IRR #YR-> 10 Comprehensive Income -68.64% PPL
ROE -9.1% -11.0% -10.3% -27.8% -3.5% 6.1% -1.6% -2.2% 4.2% 0.1% -0.9% -2.6% -3.1% 5.32% <-IRR #YR-> 5 Comprehensive Income 29.58% PPL
5Yr Median -2.9% -3.6% -9.1% -10.3% -10.3% -10.3% -3.5% -2.2% -1.6% 0.1% -0.9% -0.9% -0.9% -26.06% <-IRR #YR-> 10 5 Yr Running Average -95.12% PPL
% Difference from Net Income 1.51% 0.73% -6.46% -1.37% 2.95% -1.10% 20.36% -10.77% -15.65% 85.91% 449.10% -6.27% -6.59% -42.03% <-IRR #YR-> 5 5 Yr Running Average -93.45% PPL
Median Values Diff 5, 10 yr -1.2% -6.3% -0.9% <-Median-> 5 Return on Equity PPL
-$9.2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2.9
-$2.2 $0.0 $0.0 $0.0 $0.0 $2.9
-$7.7 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.4
-$5.8 $0.0 $0.0 $0.0 $0.0 $0.4
Current Liability Coverage Ratio 0.23 0.18 0.23 -0.08 0.07 -0.16 0.17 0.07 0.21 0.21 0.20 0.25 0.11 0.11   CFO / Current Liabilities PZA
5 year Median 0.65 0.23 0.23 0.18 0.18 0.07 0.07 0.07 0.07 0.17 0.20 0.21 0.21 0.20 13.6% <-Median-> 10 Current Liability Cov Ratio PZA
Asset Efficiency Ratio 4.40% 4.11% 5.00% -2.36% 1.99% -4.96% 4.92% 2.06% 6.36% 6.41% 6.03% 7.07% 2.80% 2.91% CFO / Total Assets PZA
5 year Median 14.0% 4.4% 4.4% 4.1% 4.11% 1.99% 1.99% 1.99% 2.06% 4.92% 6.03% 6.36% 6.36% 6.03% 3.9% <-Median-> 10 Return on Assets  PZA
Return on Assets ROA 4.8% 6.1% 5.4% 15.3% 1.8% -3.5% 0.8% 1.6% -1.6% -0.4% 0.1% 1.1% 1.2% 1.4% Net  Income/Assets Return on Assets PZA
5Yr Median 1.7% 3.0% 4.8% 5.4% 5.4% 5.4% 1.8% 1.6% 0.8% -0.4% 0.1% 0.1% 0.1% 1.1% 1.0% <-Median-> 10 Asset Efficiency Ratio PZA
Return on Equity ROE -9.0% -11.0% -11.0% -28.2% -3.4% -6.0% -1.3% -2.5% -3.6% -0.8% -0.2% -2.8% -3.3% -3.3% Net Inc/ Shareholders' equity Return on Equity PZA
5Yr Median -3.0% -3.5% -9.0% -11.0% -11.0% -11.0% -6.0% -3.4% -3.4% -2.5% -1.3% -2.5% -2.8% -2.8% -3.0% <-Median-> 10 Return on Equity PZA
Royalty as % of Income 76.2% 74.8% 77.1% 55.3% 91.6% 121.1% 96.2% 93.5% 113.7% 102.8% 99.5% 93.4% 92.8% 99.54% <-Median-> 5 Royalty as % of Income PPL
5 Yr Running Average 95.3% 89.1% 83.3% 74.7% 75.0% 84.0% 88.2% 91.5% 103.2% 105.5% 101.2% 100.6% 100.5% 101.16% <-Median-> 5 5 Yr Running Average PPL
Income PPL before PZA Payment $41.047 $42.704 $42.825 $62.994 $38.589 $29.419 $36.793 $38.435 $27.954 $31.060 $36.594 $43.041 $42.888 0.15% <-Total Growth 10 Income PPL
NCI (The Funds's) $31.270 $31.942 $33.013 $34.808 $35.333 $35.614 $35.408 $35.946 $31.789 $31.919 $36.427 $40.219 $39.807 20.58% <-Total Growth 10 Royalty Paid to PZA PPL
Life Insurance Proceeds $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 PPL
$3.34 <-12 mths 8.41%
Net Income PPL $9.777 $10.762 $9.812 $28.186 $3.256 -$6.195 $1.385 $2.489 -$3.835 -$0.859 $0.167 $2.822 $3.08 $3.34 <-12 mths -68.60% <-Total Growth 10 Net Income PPL
Increase 194.31% 10.07% -8.83% 187.26% -88.45% -290.26% 122.36% 79.71% -254.08% 77.60% 119.44% 1589.82% 9.18% 8.41% <-12 mths 13 7 20 Years of data, Count P, N 65.00% PPL
5 Yr Running Average $3.253 $5.625 $7.787 $12.372 $12.359 $9.164 $7.289 $5.824 -$0.580 -$1.403 -$0.131 $0.157 $0.275 $1.710 <-12 mths -10.94% <-IRR #YR-> 10 Net Income -68.60% PPL
Accumulative Net Income $8.347 $19.109 $28.921 $57.107 $60.363 $54.168 $55.553 $58.042 $54.207 $53.348 $53.515 $56.337 $59.418 $59.418 20 Accumulative Net Income
Accumulative Net Income 5 Yrs -$6.195 -$4.810 -$2.321 -$6.156 -$7.015 -$6.848 -$4.026 -$0.945 -$0.945 8 Accumulative Net Income 5 Yrs
Operating Cash Flow $7.7 $1.6 -$7.2 -$1.2 -$22.0 -$4.3 -$16.0 -$6.6 $16.1 $5.9 $3.7 $4.2 $4.2 4.36% <-IRR #YR-> 5 Net Income 23.78% PPL
Investment Cash Flow $1.8 -$20.4 $3.7 $39.0 $21.2 $5.5 $11.1 $10.0 $11.2 $17.2 $17.0 $24.2 $24.2 -28.41% <-IRR #YR-> 10 5 Yr Running Average -96.47% PPL
Total Accruals $0.3 $29.5 $13.4 -$9.6 $4.1 -$7.4 $6.3 -$0.8 -$31.1 -$23.9 -$20.6 -$25.5 -$25.3 -45.69% <-IRR #YR-> 5 5 Yr Running Average -95.27% PPL
Total Assets $203.2 $177.4 $182.4 $184.2 $176.9 $175.0 $174.3 $155.9 $233.2 $240.5 $245.0 $254.8 $248.7 Balance Sheet Assets PPL
Accruals Ratio 0.13% 16.65% 7.34% -5.21% 2.30% -4.23% 3.60% -0.54% -13.34% -9.95% -8.40% -10.02% -10.17% -10.02% <-Median-> 5 Ratio PPL
EPS/CF Ratio (WC) 1.09 1.48 1.08 -6.50 0.93 0.71 0.16 0.77 -0.26 -0.06 0.01 0.16 0.44 0.16 <-Median-> 10 EPS/CF Ratio PPL
-$9.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $3.1
-$2.5 $0.0 $0.0 $0.0 $0.0 $3.1
-$7.8 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.3
-$5.8 $0.0 $0.0 $0.0 $0.0 $0.3
Financial Cash Flow PPL -$1.548 -$6.604 -$2.912 -$37.695 -$0.530 -$1.475 -$3.055 -$2.963 -$23.736 -$24.042 -$22.260 -$23.445 -$23.445 C F Statement  Financial Cash Flow PPL
Total Accruals $1.812 $36.144 $16.300 $28.098 $4.592 -$5.929 $9.325 $2.119 -$7.370 $0.116 $1.678 -$2.099 -$1.840 Accruals PPL
Accruals Ratio 0.89% 20.37% 8.94% 15.25% 2.60% -3.39% 5.35% 1.36% -3.16% 0.05% 0.68% -0.82% -0.74% -0.74% <-Median-> 5 Ratio PPL
Cash PZA (PPRC) $4.167 $5.017 $1.355 $0.000 $2.134 $2.122 $3.910 $3.285 $5.000 $2.657 $1.936 $2.505 $0.781 $0.781 Cash PZA
Cash per Share $0.19 $0.23 $0.06 $0.00 $0.09 $0.09 $0.16 $0.13 $0.20 $0.11 $0.08 $0.10 $0.03 $0.03 $0.10 <-Median-> 5 Cash per Share PZA
Percentage of Stock Price 1.91% 1.73% 0.44% 0.00% 0.49% 0.53% 1.77% 1.37% 2.21% 0.90% 0.58% 0.69% 0.24% 0.21% 0.69% <-Median-> 5 % of Stock Price PZA
Cash PPL $25.614 $22.263 $14.272 $14.360 $13.024 $12.758 $4.818 $5.188 $8.723 $7.748 $6.237 $11.158 $7.718 $7.718 Cash PPL
Cash per Share PPL $128,070 $111,315 $71,360 $71,800 $65,120 $63,790 $24,090 $25,940 $43,615 $38,740 $31,185 $55,790 $38,590 $38,590 $38,740.000 <-Median-> 5 Cash per Share PPL
Cash per Share PZA $1.17 $1.02 $0.65 $0.58 $0.53 $0.52 $0.20 $0.21 $0.35 $0.31 $0.25 $0.45 $0.31 $0.31 $0.31 <-Median-> 5 Cash per Share PZA
Percentage of Stock Price PZA 11.72% 7.67% 4.67% 4.27% 3.00% 3.20% 2.19% 2.16% 3.85% 2.62% 1.86% 3.08% 2.41% 2.11% 2.62% <-Median-> 5 % of Stock Price PPL
Percentage of Royalty 81.91% 69.70% 43.23% 41.25% 36.86% 35.82% 13.61% 14.43% 27.44% 24.27% 17.12% 27.74% 19.39% 19.30% 24.27% <-Median-> 5 Percentage of Royalty PPL
Notes:
May 18, 2025.  Last estimates were for 2024, 2025 of $650M, $660M System Sales, $35.7M 2024 Operating Income, 
$1.00, 1.03, $1.06 2024-6 AEPS, $0.98, $1.00, $1.03 2024-6 EPS, $24.6M, $25.4M, $26.3M 2024-9 Net Income.
May 18. 2024.  Last estimates were for 2023, 2024 and 2025 of $610M, $633M and $655M for System Sales, $35.7 Operating Income, $0.92, $0.94 2023/4 AEPS, $0.85, $0.88 2023/4 EPS, $27.3M, $28.4M 2023/4 Net Inc PZA.
May 20, 2023.  Last estimates were for 2022, 2023 and 2024 of $519M, $544M, $565M for Royality Sales, $35.7M for Operating Income, $0.81, $0.85 and $0.88 for EPS, $26.3M, $27.3M and $28.4M for Net Income.
May 20, 2022.  Last estimates were for 2021, 2022 and 2023 of $525M, $563M and $585M Royality Sales PZA, $34.6, $35.7 for Opt Inc PZA, $0.83, $0.89 and $0.93 for EPS PZA.
May 16, 2021.  Last estimates were for 2020, 2021 and 2022 of $513M, $544M and $562M for Royality Sales, $32.6M, $34.6M and $35.7M for Royality Income, $0.85 and $0.88 for 2020 and 2021 for EPS PZA.
May 16, 2020.  Last estimates were for 2019, 2020 and 2021 of 548M, $562M and 578M for Revenue, $35M, $35.8M and 36.8M for Rayality Income, $0.88, $0.90 and $0.92 for EPS
May 17, 2019.  Last estimates were for 2018, 2019 and 2020 of $558M, $572M and $589M or Royality Sales, $35.4M, $36.2M and $37.2M for Operating Income, $0.89, $0.91 and $0.93 for EPS
May 13, 2018.  Last estimates were for 2017 and 2018 of $571M and $595M for Revenue, $0.93 and $0.96 for EPS.
Quick Service Restaurant (QSR).
Statements for 2011 are not available or cannot be opened due to formating errors.  I used 2012 statements to obtain them.
From 2005 to December 31, 2012 company was Pizza Pizza Royalty Income Fund
Setpember 2, 2018 - Why John Heinzl is switching from pizza to doughnuts in his dividend growth portfolio
Goodbye pizza. Hello coffee, doughnuts, burgers and fried chicken. Back in May, John Heinzl wrote that he was losing his appetite for Pizza Pizza Royalty Corp.’s (PZA) 
shares and would be watching the company’s performance closely.  Hurt by the proliferation of third-party food delivery apps, growing competition from U.S. pizza chains Domino’s Pizza Inc 
and Papa John’s International Inc. and a highly promotional fast-food marketplace, Pizza Pizza had reported a string of weak results and the company’s stock had taken a hit. 
In light of the company’s deteriorating performance and poor dividend growth prospects, he’s decided to take his lumps and sell the 200 Pizza Pizza shares in his model portfolio. He’s using the proceeds – 
plus most of the cash in his model portfolio – to purchase 45 shares of Restaurant Brands International Inc. (QSR). The owner of Tim Hortons, Burger King and the Popeyes fried chicken chain 
not only offers superior diversification, but its dividend has been rising steadily and will almost certainly continue to increase. John Heinzl explains his reasoning (for subscribers).
Sector:
Consumer Discretionary, Comsumer
What should this stock accomplish?
I think you should expect stable good income and low dividend growth.
Would I buy this company and Why.
There is nothing inherently wrong with this type of royalty corp.  I do not like the complexity of the accounting and having to evaluate both companies involved.  
The more complex a situation the more likely one can make an error in evaluating a company.  
Why am I following this stock. 
A number of people have recommended this stock, so I decided to take a look at it. 
It was on once on John Heinzl's Dividend Hog Portfolio, but has been taken off.
Dividends
Dividends are paid monthly.  Dividends are declared in one month for shareholders of record of the following month and paid in the next month.
For example the February 2006 dividends were paid on March 15, 2006
Misson Statement or closes thing I can find.
What I am looking for is a statement that the company wants to do well by their customers, employees, and community and and thereby earn shareholders a reasonable return.
For customers 
For employees 
For community 
For investors 
How they make their money.
Pizza Pizza Royalty Corp through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and 
Pizza 73 brands. It receives the benefit of Pizza Pizza Royalty and Pizza 73 Royalty payable by PPL under the Pizza Pizza Licence and Royalty Agreement and the Pizza 73 
Licence and Royalty Agreement, respectively, as well as royalty payments under the international agreement, indirectly through its interests in the partnership.
Shares; '%, Value $M %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Shares %, Val $M Change
Date 2016 May 13 2018 May 18 2019 May 16 2020 May 16 2021 May  20 2022 May  20 2023 May  18 2024 May  18 2025
Goddard, Paul 0.05% 0.012 0.05% 0.012 0.05% 0.012 0.05% 0.012 0.05% 0.017 0.07% 0.017 0.07% 0.017 0.07% 0.017 0.07% 0.00%
CEO - Shares - Amount $0.188 $0.104 $0.113 $0.107 $0.139 $0.226 $0.244 $0.216 $0.246
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
D'Syulva, Christine 0.001 0.00% 0.007 0.03% 0.008 0.03% 0.008 0.03% 0.008 0.03% Not in 2020 INK 0.00%
CFO - Shares - Amount $0.006 $0.090 $0.112 $0.099 $0.113
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000
Feltner, Curtis Randall 0.21% 0.051 0.21% 0.051 0.21% 0.051 0.21% 0.053 0.22% 0.053 0.22% Was CFO, now Sen VP #DIV/0!
Officer - Shares - Amount $0.826 $0.456 $0.498 $0.469 $0.637 $0.723
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Goudreau, Philip 0.01% 0.004 0.02% 0.004 0.02% 0.011 0.04% 0.012 0.05% 0.012 0.05% 0.012 0.05% 0.012 0.05% updated last Nov 2021 0.00%
Officer - Shares - Amount $0.032 $0.039 $0.037 $0.127 $0.158 $0.171 $0.151 $0.172
Options - percentage 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Lester, Neil Gainford 0.002 0.01% 0.002 0.01% 0.003 0.01% 0.005 0.02% 0.006 0.03% 0.006 0.03% Updated Dec 2023 0.00%
Director - Shares - Amount $0.018 $0.024 $0.038 $0.070 $0.084 $0.096
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Nash, Edward Peter Howard 0.006 0.02% 0.007 0.03% 0.007 0.03% Updated Jan 2024 0.00%
Director - Shares - Amount $0.088 $0.091 $0.104
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000
Swartz, Jay 0.012 0.05% 0.012 0.05% 0.012 0.05% 0.023 0.09% 0.023 0.09% 0.023 0.09% 0.023 0.09% Updated Mar 2017 0.00%
Chairman - Shares - Amt $0.112 $0.106 $0.138 $0.307 $0.331 $0.293 $0.334
Options - percentage 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% #DIV/0!
Options - amount $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Wright, Elizabeth 0.04% 0.010 0.04% Ceased insider May 2018
Chairman - Shares - Amt $0.162 $0.090
Options - percentage 0.00% 0.000 0.00%
Options - amount $0.000 $0.000
Overs, Liza Maria Christina Louisa 35.11% updated last June 2015
10% owner - Shares - Amt $140.007
Pizza Pizza Limited 32.97% 8.116 32.97% 8.116 32.97% 8.116 32.97% updated last Jan 2014
10% owner - Shares - Amt $131.477 $110.701 $110.701 $119.466
Increase in O/S Shares 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% 0.000 0.00% Yes 0
Due to Stock Options $0.000 $0.000 $0.000 $0.00 $0.000 $0.000 $0.000 $0.000 $0.000
Book Value $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Insider Buying -$0.054 $0.000 -$0.010 -$0.020 -$0.078 -$0.147 -$0.057 -$0.025 $0.000
Insider Selling $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000 $0.000
Net Insider Selling -$0.054 $0.000 -$0.010 -$0.020 -$0.078 -$0.147 -$0.057 -$0.025 $0.000 0 in 2024
Net Selling % of Market Cap -0.01% 0.00% 0.00% -0.01% -0.03% -0.04% -0.02% -0.01% 0.00%
Directors 8 7 7 7 7 8 8 8
Women 38% 3 38% 2 29% 2 29% 2 29% 2 29% 3 38% 3 38% 3 38%
Minorities 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0%
Institutions/Holdings 26.11% 18 34.04% 16 24.42% 20 18.00% 20 35.58% 20 13.70% 20 10.65% 20 13.90% 20 12.05%
Total Shares Held 26.11% 8.380 34.04% 6.011 24.42% 4.431 18.00% 11.449 46.51% 4.409 17.91% 3.445 13.99% 4.357 17.70% 4.018 16.32%
Increase/Decrease 3 Mths -0.52% 0.020 0.23% 0.113 1.91% 0.014 0.31% 0.071 0.62% 0.423 10.61% -0.122 -3.41% -0.013 -0.31% -0.042 -1.04%
Starting No. of Shares 8.361 5.898 4.417 Top 20 11.379 Top 20 3.986 Top 20 3.566 Top 20 4.371 Top 20 4.060 Top 20
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