Pizza Pizza Royalty Corp. (PZA) - Net Assets
Based on the latest financial reports, Pizza Pizza Royalty Corp. (PZA) has net assets worth CA$302.15 Million CAD (≈ $218.57 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$377.51 Million ≈ $273.09 Million USD) and total liabilities (CA$75.37 Million ≈ $54.52 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PZA financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$302.15 Million |
| % of Total Assets | 80.04% |
| Annual Growth Rate | 3.03% |
| 5-Year Change | 3.4% |
| 10-Year Change | 9.06% |
| Growth Volatility | 9.34 |
Pizza Pizza Royalty Corp. - Net Assets Trend (2005–2024)
This chart illustrates how Pizza Pizza Royalty Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore PZA current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Pizza Pizza Royalty Corp. (2005–2024)
The table below shows the annual net assets of Pizza Pizza Royalty Corp. from 2005 to 2024. For live valuation and market cap data, see Pizza Pizza Royalty Corp. (PZA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$298.22 Million ≈ $215.73 Million |
+1.47% |
| 2023-12-31 | CA$293.91 Million ≈ $212.61 Million |
+0.51% |
| 2022-12-31 | CA$292.42 Million ≈ $211.53 Million |
+0.76% |
| 2021-12-31 | CA$290.23 Million ≈ $209.95 Million |
+0.63% |
| 2020-12-31 | CA$288.40 Million ≈ $208.62 Million |
+0.33% |
| 2019-12-31 | CA$287.46 Million ≈ $207.94 Million |
+0.76% |
| 2018-12-31 | CA$285.29 Million ≈ $206.38 Million |
+1.97% |
| 2017-12-31 | CA$279.78 Million ≈ $202.39 Million |
+1.59% |
| 2016-12-31 | CA$275.40 Million ≈ $199.22 Million |
+0.71% |
| 2015-12-31 | CA$273.45 Million ≈ $197.81 Million |
-0.19% |
| 2014-12-31 | CA$273.97 Million ≈ $198.19 Million |
+1.54% |
| 2013-12-31 | CA$269.81 Million ≈ $195.18 Million |
+0.63% |
| 2012-12-31 | CA$268.11 Million ≈ $193.95 Million |
+36.59% |
| 2011-12-31 | CA$196.29 Million ≈ $141.99 Million |
-11.42% |
| 2010-12-31 | CA$221.60 Million ≈ $160.30 Million |
+1.02% |
| 2009-12-31 | CA$219.37 Million ≈ $158.69 Million |
+3.15% |
| 2008-12-31 | CA$212.66 Million ≈ $153.84 Million |
+4.87% |
| 2007-12-31 | CA$202.78 Million ≈ $146.69 Million |
+18.92% |
| 2006-12-31 | CA$170.52 Million ≈ $123.35 Million |
+0.82% |
| 2005-12-31 | CA$169.14 Million ≈ $122.35 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Pizza Pizza Royalty Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2836600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$242.03 Million | 81.16% |
| Other Comprehensive Income | CA$205.00K | 0.07% |
| Other Components | CA$93.00 Million | 31.19% |
| Total Equity | CA$298.22 Million | 100.00% |
Pizza Pizza Royalty Corp. Competitors by Market Cap
The table below lists competitors of Pizza Pizza Royalty Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jaya Tiasa Holdings Bhd
KLSE:4383
|
$278.90 Million |
|
Sidetrade
PA:ALBFR
|
$278.91 Million |
|
Marine Products Corporation
NYSE:MPX
|
$278.94 Million |
|
Grupo Ecoener S.A.
MC:ENER
|
$278.96 Million |
|
Foghorn Therapeutics Inc
NASDAQ:FHTX
|
$278.85 Million |
|
Groenlandsbanken AS
CO:GRLA
|
$278.81 Million |
|
Ready Capital Corp
NYSE:RC
|
$278.73 Million |
|
H+H International A/S
CO:HH
|
$278.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pizza Pizza Royalty Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 293,908,000 to 298,218,000, a change of 4,310,000 (1.5%).
- Net income of 30,971,000 contributed positively to equity growth.
- Dividend payments of 33,519,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,119,000.
- Other factors increased equity by 7,977,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$30.97 Million | +10.39% |
| Dividends Paid | CA$33.52 Million | -11.24% |
| Other Comprehensive Income | CA$-1.12 Million | -0.38% |
| Other Changes | CA$7.98 Million | +2.67% |
| Total Change | CA$- | 1.47% |
Book Value vs Market Value Analysis
This analysis compares Pizza Pizza Royalty Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.73x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.07x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CA$7.58 | CA$15.66 | x |
| 2006-12-31 | CA$7.57 | CA$15.66 | x |
| 2007-12-31 | CA$8.16 | CA$15.66 | x |
| 2008-12-31 | CA$7.65 | CA$15.66 | x |
| 2009-12-31 | CA$7.56 | CA$15.66 | x |
| 2010-12-31 | CA$7.49 | CA$15.66 | x |
| 2011-12-31 | CA$6.61 | CA$15.66 | x |
| 2012-12-31 | CA$9.03 | CA$15.66 | x |
| 2013-12-31 | CA$9.01 | CA$15.66 | x |
| 2014-12-31 | CA$9.04 | CA$15.66 | x |
| 2015-12-31 | CA$8.89 | CA$15.66 | x |
| 2016-12-31 | CA$8.91 | CA$15.66 | x |
| 2017-12-31 | CA$8.96 | CA$15.66 | x |
| 2018-12-31 | CA$9.01 | CA$15.66 | x |
| 2019-12-31 | CA$8.99 | CA$15.66 | x |
| 2020-12-31 | CA$8.96 | CA$15.66 | x |
| 2021-12-31 | CA$9.02 | CA$15.66 | x |
| 2022-12-31 | CA$9.09 | CA$15.66 | x |
| 2023-12-31 | CA$9.09 | CA$15.66 | x |
| 2024-12-31 | CA$9.06 | CA$15.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pizza Pizza Royalty Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.80%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.25x
- Recent ROE (10.39%) is above the historical average (8.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -0.95% | 0.00% | 0.00x | 1.01x | CA$-18.53 Million |
| 2006 | 9.32% | 0.00% | 0.00x | 1.01x | CA$-1.16 Million |
| 2007 | 5.08% | 2.51% | 1.93x | 1.05x | CA$-9.99 Million |
| 2008 | 11.34% | 5.12% | 2.14x | 1.04x | CA$2.85 Million |
| 2009 | 9.11% | 111.70% | 0.08x | 1.03x | CA$-1.96 Million |
| 2010 | 8.67% | 108.78% | 0.08x | 1.03x | CA$-2.94 Million |
| 2011 | 6.06% | 39.16% | 0.09x | 1.82x | CA$-7.73 Million |
| 2012 | 3.03% | 25.96% | 0.10x | 1.21x | CA$-18.69 Million |
| 2013 | 8.80% | 74.36% | 0.10x | 1.22x | CA$-3.23 Million |
| 2014 | 9.13% | 75.78% | 0.10x | 1.22x | CA$-2.38 Million |
| 2015 | 9.23% | 72.51% | 0.10x | 1.25x | CA$-2.11 Million |
| 2016 | 9.71% | 75.65% | 0.10x | 1.25x | CA$-808.60K |
| 2017 | 9.67% | 75.95% | 0.10x | 1.25x | CA$-929.70K |
| 2018 | 9.42% | 75.93% | 0.10x | 1.25x | CA$-1.64 Million |
| 2019 | 9.50% | 75.96% | 0.10x | 1.25x | CA$-1.44 Million |
| 2020 | 8.49% | 76.99% | 0.09x | 1.25x | CA$-4.37 Million |
| 2021 | 8.24% | 74.95% | 0.09x | 1.25x | CA$-5.10 Million |
| 2022 | 9.42% | 75.63% | 0.10x | 1.26x | CA$-1.69 Million |
| 2023 | 10.54% | 77.02% | 0.11x | 1.26x | CA$1.59 Million |
| 2024 | 10.39% | 77.80% | 0.11x | 1.25x | CA$1.15 Million |
Industry Comparison
This section compares Pizza Pizza Royalty Corp.'s net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,397,253,156
- Average return on equity (ROE) among peers: -37.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pizza Pizza Royalty Corp. (PZA) | CA$302.15 Million | -0.95% | 0.25x | $278.88 Million |
| Aegis Brands Inc (AEG) | $20.86 Million | -22.56% | 2.23x | $16.66 Million |
| A W FOOD SERVICES OF CANADA INC (AW) | $-122.45 Million | 0.00% | 0.00x | $642.65 Million |
| MTY Food Group Inc (MTY) | $49.44 Million | 20.05% | 0.22x | $672.49 Million |
| Odd Burger Corp (ODD) | $3.60 Million | -143.68% | 0.95x | $2.49 Million |
| Restaurant Brands International Limited Partnership (QSP-UN) | $3.62 Billion | 16.92% | 4.57x | $8.51 Billion |
| Restaurant Brands International Inc (QSR) | $6.21 Billion | 6.04% | 1.96x | $27.26 Billion |
| SPoT Coffee Ltd (SPP) | $1.63 Million | -139.20% | 2.44x | $1.76 Million |
About Pizza Pizza Royalty Corp.
Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, franchises and operates quick-service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.