Intrinsic value of Dunkin' Brands Group - DNKN

Previous Close

$55.53

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$55.53

 
Intrinsic value

$7.84

 
Up/down potential

-86%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of DNKN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 5.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.22
  2.20
  2.48
  2.73
  2.96
  3.16
  3.35
  3.51
  3.66
  3.79
  3.92
  4.02
  4.12
  4.21
  4.29
  4.36
  4.42
  4.48
  4.53
  4.58
  4.62
  4.66
  4.69
  4.72
  4.75
  4.78
  4.80
  4.82
  4.84
  4.85
  4.87
Revenue, $m
  829
  847
  868
  892
  918
  947
  979
  1,014
  1,051
  1,090
  1,133
  1,179
  1,227
  1,279
  1,334
  1,392
  1,454
  1,519
  1,588
  1,660
  1,737
  1,818
  1,903
  1,993
  2,088
  2,188
  2,293
  2,403
  2,519
  2,642
  2,770
Variable operating expenses, $m
 
  533
  544
  556
  570
  585
  602
  620
  639
  660
  682
  618
  643
  670
  699
  729
  762
  796
  832
  870
  910
  952
  997
  1,044
  1,094
  1,146
  1,201
  1,259
  1,320
  1,384
  1,451
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  414
  533
  544
  556
  570
  585
  602
  620
  639
  660
  682
  618
  643
  670
  699
  729
  762
  796
  832
  870
  910
  952
  997
  1,044
  1,094
  1,146
  1,201
  1,259
  1,320
  1,384
  1,451
Operating income, $m
  415
  315
  325
  336
  348
  362
  377
  394
  411
  430
  451
  561
  584
  609
  635
  663
  692
  723
  756
  790
  827
  866
  906
  949
  994
  1,042
  1,092
  1,144
  1,199
  1,258
  1,319
EBITDA, $m
  458
  457
  468
  481
  495
  511
  528
  546
  567
  588
  611
  636
  662
  690
  719
  751
  784
  819
  856
  895
  937
  980
  1,026
  1,075
  1,126
  1,180
  1,236
  1,296
  1,358
  1,424
  1,494
Interest expense (income), $m
  94
  92
  64
  66
  69
  72
  76
  80
  84
  88
  93
  98
  103
  109
  115
  122
  128
  136
  143
  152
  160
  169
  179
  189
  200
  211
  223
  235
  248
  262
  276
Earnings before tax, $m
  313
  223
  261
  269
  279
  290
  302
  314
  328
  342
  358
  463
  481
  500
  520
  541
  564
  587
  612
  639
  667
  696
  727
  760
  794
  831
  869
  909
  951
  996
  1,043
Tax expense, $m
  117
  60
  70
  73
  75
  78
  81
  85
  88
  92
  97
  125
  130
  135
  140
  146
  152
  159
  165
  173
  180
  188
  196
  205
  215
  224
  235
  245
  257
  269
  282
Net income, $m
  196
  163
  190
  197
  204
  212
  220
  229
  239
  250
  261
  338
  351
  365
  380
  395
  411
  429
  447
  466
  487
  508
  531
  555
  580
  606
  634
  664
  695
  727
  761

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  361
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,227
  2,932
  3,004
  3,086
  3,178
  3,278
  3,388
  3,507
  3,635
  3,773
  3,921
  4,079
  4,247
  4,426
  4,615
  4,817
  5,030
  5,255
  5,493
  5,745
  6,010
  6,290
  6,586
  6,897
  7,225
  7,570
  7,933
  8,315
  8,717
  9,140
  9,585
Adjusted assets (=assets-cash), $m
  2,866
  2,932
  3,004
  3,086
  3,178
  3,278
  3,388
  3,507
  3,635
  3,773
  3,921
  4,079
  4,247
  4,426
  4,615
  4,817
  5,030
  5,255
  5,493
  5,745
  6,010
  6,290
  6,586
  6,897
  7,225
  7,570
  7,933
  8,315
  8,717
  9,140
  9,585
Revenue / Adjusted assets
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
  0.289
Average production assets, $m
  1,569
  1,604
  1,644
  1,688
  1,738
  1,793
  1,853
  1,919
  1,989
  2,064
  2,145
  2,231
  2,323
  2,421
  2,525
  2,635
  2,752
  2,875
  3,005
  3,143
  3,288
  3,441
  3,603
  3,773
  3,952
  4,141
  4,340
  4,549
  4,769
  5,001
  5,244
Working capital, $m
  182
  -157
  -161
  -165
  -170
  -175
  -181
  -187
  -194
  -202
  -210
  -218
  -227
  -237
  -247
  -258
  -269
  -281
  -294
  -307
  -321
  -336
  -352
  -369
  -386
  -405
  -424
  -445
  -466
  -489
  -512
Total debt, $m
  2,435
  1,683
  1,749
  1,823
  1,905
  1,995
  2,094
  2,201
  2,317
  2,441
  2,574
  2,716
  2,867
  3,028
  3,199
  3,380
  3,572
  3,775
  3,989
  4,215
  4,454
  4,706
  4,972
  5,252
  5,547
  5,858
  6,185
  6,529
  6,891
  7,271
  7,672
Total liabilities, $m
  3,391
  2,638
  2,704
  2,778
  2,860
  2,950
  3,049
  3,156
  3,272
  3,396
  3,529
  3,671
  3,822
  3,983
  4,154
  4,335
  4,527
  4,730
  4,944
  5,170
  5,409
  5,661
  5,927
  6,207
  6,502
  6,813
  7,140
  7,484
  7,846
  8,226
  8,627
Total equity, $m
  -163
  293
  300
  309
  318
  328
  339
  351
  364
  377
  392
  408
  425
  443
  462
  482
  503
  526
  549
  574
  601
  629
  659
  690
  722
  757
  793
  832
  872
  914
  959
Total liabilities and equity, $m
  3,228
  2,931
  3,004
  3,087
  3,178
  3,278
  3,388
  3,507
  3,636
  3,773
  3,921
  4,079
  4,247
  4,426
  4,616
  4,817
  5,030
  5,256
  5,493
  5,744
  6,010
  6,290
  6,586
  6,897
  7,224
  7,570
  7,933
  8,316
  8,718
  9,140
  9,586
Debt-to-equity ratio
  -14.939
  5.740
  5.820
  5.910
  5.990
  6.090
  6.180
  6.280
  6.370
  6.470
  6.560
  6.660
  6.750
  6.840
  6.930
  7.020
  7.100
  7.180
  7.260
  7.340
  7.410
  7.480
  7.550
  7.620
  7.680
  7.740
  7.800
  7.850
  7.900
  7.960
  8.000
Adjusted equity ratio
  -0.183
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  196
  163
  190
  197
  204
  212
  220
  229
  239
  250
  261
  338
  351
  365
  380
  395
  411
  429
  447
  466
  487
  508
  531
  555
  580
  606
  634
  664
  695
  727
  761
Depreciation, amort., depletion, $m
  43
  142
  144
  145
  147
  149
  151
  153
  155
  158
  160
  74
  77
  81
  84
  88
  92
  96
  100
  105
  110
  115
  120
  126
  132
  138
  145
  152
  159
  167
  175
Funds from operations, $m
  324
  305
  334
  342
  351
  360
  371
  382
  394
  408
  422
  413
  429
  446
  464
  483
  503
  525
  547
  571
  596
  623
  651
  681
  712
  745
  779
  815
  853
  894
  936
Change in working capital, $m
  48
  -3
  -4
  -4
  -5
  -5
  -6
  -6
  -7
  -7
  -8
  -8
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -16
  -17
  -18
  -18
  -19
  -20
  -22
  -23
  -24
Cash from operations, $m
  276
  294
  338
  346
  355
  366
  377
  388
  401
  415
  430
  421
  438
  455
  474
  494
  515
  537
  560
  585
  611
  638
  667
  697
  729
  763
  798
  836
  875
  916
  960
Maintenance CAPEX, $m
  0
  -52
  -53
  -55
  -56
  -58
  -60
  -62
  -64
  -66
  -69
  -72
  -74
  -77
  -81
  -84
  -88
  -92
  -96
  -100
  -105
  -110
  -115
  -120
  -126
  -132
  -138
  -145
  -152
  -159
  -167
New CAPEX, $m
  -15
  -35
  -40
  -45
  -50
  -55
  -60
  -65
  -70
  -75
  -81
  -86
  -92
  -98
  -104
  -110
  -117
  -123
  -130
  -138
  -145
  -153
  -162
  -170
  -179
  -189
  -199
  -209
  -220
  -231
  -243
Cash from investing activities, $m
  1
  -87
  -93
  -100
  -106
  -113
  -120
  -127
  -134
  -141
  -150
  -158
  -166
  -175
  -185
  -194
  -205
  -215
  -226
  -238
  -250
  -263
  -277
  -290
  -305
  -321
  -337
  -354
  -372
  -390
  -410
Free cash flow, $m
  277
  207
  244
  246
  249
  253
  257
  262
  267
  273
  280
  263
  271
  280
  289
  299
  310
  322
  334
  347
  361
  375
  391
  407
  424
  442
  462
  482
  503
  526
  550
Issuance/(repayment) of debt, $m
  -25
  -726
  65
  74
  82
  90
  99
  107
  116
  124
  133
  142
  151
  161
  171
  181
  192
  203
  214
  226
  239
  252
  266
  280
  295
  311
  327
  344
  362
  381
  400
Issuance/(repurchase) of shares, $m
  -44
  974
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -66
  248
  65
  74
  82
  90
  99
  107
  116
  124
  133
  142
  151
  161
  171
  181
  192
  203
  214
  226
  239
  252
  266
  280
  295
  311
  327
  344
  362
  381
  400
Total cash flow (excl. dividends), $m
  211
  -518
  310
  320
  331
  343
  356
  369
  383
  397
  413
  405
  423
  441
  460
  481
  502
  524
  548
  573
  600
  627
  656
  687
  719
  753
  789
  826
  865
  907
  950
Retained Cash Flow (-), $m
  -58
  -791
  -7
  -8
  -9
  -10
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -36
  -38
  -40
  -42
  -44
Prev. year cash balance distribution, $m
 
  335
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  0
  303
  312
  322
  333
  345
  357
  370
  383
  398
  390
  406
  423
  441
  460
  481
  502
  524
  548
  573
  599
  627
  656
  686
  718
  752
  788
  825
  864
  906
Discount rate, %
 
  13.30
  13.97
  14.66
  15.40
  16.17
  16.97
  17.82
  18.71
  19.65
  20.63
  21.66
  22.75
  23.88
  25.08
  26.33
  27.65
  29.03
  30.48
  32.01
  33.61
  35.29
  37.05
  38.91
  40.85
  42.89
  45.04
  47.29
  49.65
  52.14
  54.74
PV of cash for distribution, $m
 
  0
  233
  207
  182
  157
  134
  113
  94
  76
  61
  45
  35
  26
  19
  14
  10
  7
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Dunkin’ Brands Group, Inc., together with its subsidiaries, develops, franchises, and licenses quick service restaurants under the Dunkin’ Donuts and Baskin-Robbins brands worldwide. The company operates through four segments: Dunkin’ Donuts U.S., Dunkin’ Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard-serve ice cream, soft serve ice cream, frozen yogurt, shakes, malts, floats, and cakes. As of December 31, 2016, it had 12,258 Dunkin’ Donuts points of distribution and 7,822 Baskin-Robbins points of distribution. The company is headquartered in Canton, Massachusetts.

FINANCIAL RATIOS  of  Dunkin' Brands Group (DNKN)

Valuation Ratios
P/E Ratio 25.9
Price to Sales 6.1
Price to Book -31.2
Price to Tangible Book
Price to Cash Flow 18.4
Price to Free Cash Flow 19.5
Growth Rates
Sales Growth Rate 2.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -50%
Cap. Spend. - 3 Yr. Gr. Rate -13.5%
Financial Strength
Quick Ratio 14
Current Ratio 0.3
LT Debt to Equity -1477.9%
Total Debt to Equity -1493.9%
Interest Coverage 4
Management Effectiveness
Return On Assets 7.9%
Ret/ On Assets - 3 Yr. Avg. 6.6%
Return On Total Capital 8.7%
Ret/ On T. Cap. - 3 Yr. Avg. 7.1%
Return On Equity -102.1%
Return On Equity - 3 Yr. Avg. 28.7%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 83.7%
Gross Margin - 3 Yr. Avg. 83.1%
EBITDA Margin 54.3%
EBITDA Margin - 3 Yr. Avg. 48.3%
Operating Margin 50.1%
Oper. Margin - 3 Yr. Avg. 43.4%
Pre-Tax Margin 37.8%
Pre-Tax Margin - 3 Yr. Avg. 32.3%
Net Profit Margin 23.6%
Net Profit Margin - 3 Yr. Avg. 20%
Effective Tax Rate 37.4%
Eff/ Tax Rate - 3 Yr. Avg. 38.9%
Payout Ratio 56.1%

DNKN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DNKN stock intrinsic value calculation we used $829 million for the last fiscal year's total revenue generated by Dunkin' Brands Group. The default revenue input number comes from 2016 income statement of Dunkin' Brands Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our DNKN stock valuation model: a) initial revenue growth rate of 2.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 13.3%, whose default value for DNKN is calculated based on our internal credit rating of Dunkin' Brands Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Dunkin' Brands Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of DNKN stock the variable cost ratio is equal to 63.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for DNKN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.8% for Dunkin' Brands Group.

Corporate tax rate of 27% is the nominal tax rate for Dunkin' Brands Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the DNKN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for DNKN are equal to 189.3%.

Life of production assets of 57.2 years is the average useful life of capital assets used in Dunkin' Brands Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for DNKN is equal to -18.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-163 million for Dunkin' Brands Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 90.892 million for Dunkin' Brands Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Dunkin' Brands Group at the current share price and the inputted number of shares is $5.0 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
YUM Yum! Brands 65.72 7.37  str.sell
DF Dean Foods 19.82 6.87  str.sell
SJM J.M. Smucker 127.16 79.98  sell
SBUX Starbucks 61.11 55.01  hold
MCD McDonald's 134.23 15.00  str.sell
TACO Del Taco Resta 13.31 13.85  hold
PNRA Panera Bread C 314.07 144.91  sell

COMPANY NEWS

▶ The 10 Fast-Food Chains With the Happiest Customers   [Apr-24-17 06:00AM  Motley Fool]
▶ Dunkin' Brands' Odd but Potentially Lucrative Experiment   [Apr-20-17 04:45PM  Motley Fool]
▶ 11 Most Successful Fast Food Chains In The World   [Apr-18-17 02:35PM  Insider Monkey]
▶ 3 Best Coffee Stocks for 2017   [Apr-14-17 04:46PM  Investopedia]
▶ Starbucks Tests New Lunch Menu   [Apr-12-17 10:07AM  Motley Fool]
▶ More fast food deals coming?   [Apr-05-17 05:17PM  CNBC Videos]
▶ The 5 Biggest Restaurant M&As   [01:44PM  Benzinga]
▶ Tim Hortons to open in Maplewood this summer   [12:50PM  American City Business Journals]
▶ Panera Bread: Too Far, Too Fast?   [11:54AM  Barrons.com]
▶ Doughnut shop offers unusual perk: a conference room   [Apr-03-17 04:55PM  at bizjournals.com]
▶ 5 Top Dividend Stocks in Fast Food   [01:46PM  at Motley Fool]
▶ Better Buy: Starbucks Corporation vs. Dunkin Donuts   [Mar-30-17 04:28PM  at Motley Fool]
▶ Dunkin' Brands: Sell Now, Goldman Sachs Says   [12:13PM  at Barrons.com]
▶ Dunkin' Brands Will Have a New CFO   [09:50AM  at Investopedia]
▶ 3 Top Fast-Food Stocks to Buy in 2017   [Mar-25-17 10:34AM  at Motley Fool]
▶ This week in N.Y.C. funding news: Say Ello to Wuu   [Mar-24-17 01:33PM  at bizjournals.com]
▶ Dunkin' Donuts chief financial officer to step down   [Mar-23-17 05:20PM  at bizjournals.com]
▶ These 5 Chains Are Joining McDonald's in Betting on Delivery   [Mar-15-17 10:25AM  at Motley Fool]
▶ Dunkin' Donuts, Baskin-Robbins will stop using artificial colors   [Mar-03-17 02:35PM  at bizjournals.com]
▶ Dunkin' Donuts Introduces New Sweet & Salted Cold Brew   [Feb-27-17 10:12AM  PR Newswire]
▶ Dunkin' Brands Announces Executive Promotions   [Feb-23-17 08:00AM  PR Newswire]
▶ Q4 2016 Results: Dunkin' Donuts, Tim Hortons, McDonald's   [Feb-16-17 03:12PM  at Investopedia]
▶ A Visit to New McDonald's McCafe in New York City   [Feb-15-17 02:52PM  at Investopedia]
▶ Dunkin' or Starbucks: Which Is The Better Buy?   [Feb-10-17 01:12PM  at Investopedia]
▶ Full Show: What'd You Miss? (02/09)   [Feb-09-17 09:33PM  at Bloomberg]
Stock chart of DNKN Financial statements of DNKN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.