Australian stockbroking firm Petra Capital, which has a research distribution and trading joint venture with CGS International, is staying “buy” on ASX-listed Domino’s Pizza Enterprises with a higher target price of A$25, up from A$24.50, citing “encouraging progress” and “steps in the right direction”.
Australia-listed Domino’s Pizza Enterprises, the largest Domino’s Pizza franchisee outside the US, is delivering on its group-wide cost efficiency programme to identify A$100 million ($84.42 million) in annualised cost savings.
The master franchise owner of Domino’s Pizza in 12 markets including Singapore is expected to generate “strong” free cash flow (FCF) of more than A$100 million in FY2026 ending June 30, 2026.
