{"id":14915,"date":"2021-07-19T20:30:18","date_gmt":"2021-07-19T20:30:18","guid":{"rendered":"https:\/\/valutico.com\/weekly-valuations-krispy-kreme\/"},"modified":"2024-01-05T20:29:49","modified_gmt":"2024-01-05T20:29:49","slug":"weekly-valuations-krispy-kreme-2","status":"publish","type":"post","link":"https:\/\/valutico.com\/weekly-valuations-krispy-kreme-2\/","title":{"rendered":"Weekly Valuations: Krispy Kreme"},"content":{"rendered":"

Iconic, adored, and sometimes vilified, donut chain Krispy Kreme made its return to the public markets this summer, after 5 years in private hands.<\/p>\n

The company priced its initial public offering at $17 per share, well below its planned range of $21 to $24, and even opened lower. Shares quickly rebounded to the lower end of its targeted range and the offering gave the firm $500 million of fresh cash injection and an implied valuation of $2.7 billion. Now under the ticker \u201cDNUT\u201d, the firm that also owns Insomnia Cookies is without pure play competitors in the equity market as Dunkin and Tim Hortons are private.<\/p>\n

We looked at the financial statements provided with the S-1 filing and analyzed analysts estimates and peers to evaluate the valuation against our methods.<\/p>\n

Absent a turnaround that would bring Krispy Kreme\u2019s margins in line in the upper double digits of other fast food chains (including fellow breakfast heavy-hitters Starbucks, IHOP, and Dennys), it remains challenging to justify much optimism in the valuation, even though its top line growth has been stellar.<\/p>\n

Market cap: $2.7bn
\nWeekly valuation Krispy Kreme DCF valuation (assuming margin improvement towards industry median): $942 million<\/p>\n

Weekly valuations: Krispy Kreme link to the valuation here<\/a><\/span><\/p>\n

\"Krispy<\/p>\n

 <\/p>\n

Other recent valuations: Peloton<\/a> | Morrisons<\/a> | Aldi<\/a><\/p>\n

About Valutico:<\/h4>\n

Valutico is the world\u2018s leading provider of web-based company valuation tools.<\/p>\n

Valutico is a web based valuations platform providing the financial services industry and valuation practitioners with data-driven tools to conduct analysis more efficiently. With headquarters in Vienna and subsidiaries in the UK & USA Valutico empowers businesses and experts to perform accurate valuations in minutes while solving the issue of complex tools, lack of data sources and time consuming reporting.<\/p>\n

Valutico provides access to reliable market data from leading financial databases, cross-checks business plans and provides useful suggestions to promote consistency and plausibility. With over 15 of the world\u2019s leading valuation methodologies to choose from and saving experts precious time transferring results from spreadsheet to slides, Valutico is carving a new generation in valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Iconic, adored, and sometimes vilified, donut chain Krispy Kreme made its return to the public markets this summer, after 5 years in private hands. The company priced its initial public offering at $17 per share, well below its planned range of $21 to $24, and even opened lower. Shares quickly rebounded to the lower end […]<\/p>\n","protected":false},"author":14,"featured_media":22699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[226],"tags":[144,125,22],"ppma_author":[264],"yoast_head":"\nWeekly Valuations: Krispy Kreme - Valutico | June 2021 valuation<\/title>\n<meta name=\"description\" content=\"Weekly valuations: Krispy Kreme: the donut chain just went public again after 5 years in private equity's hands. 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