Most of it is attributable to chairman Jack Cowin who is by far the biggest winner. His 23 million shares in Domino’s are now worth an extraordinary $3.5 billion, up from $1.9 billion a year ago.
Chief executive Don Meij has also done well. His 1.8 million shares have increased in value by $130 million to about $280 million. Grant Bourke, who holds 1.6 million stake, had a similar boost and even Lynda O’Grady’s relatively small parcel of 2000 shares is now worth more than $300,000.
Wilsons Advisory has listed it alongside the likes of Afterpay as a company that has demonstrated it can grow in a volatile market.
“Once COVID passes, it is unlikely the growth rates of these companies will fall below the market for any sustained period,” Wilsons said.
“Domino’s Pizza Enterprises lifted its medium-term aspirations as it continues to consolidate the take-out pizza market in several geographies.
“While some investors suggest many of these companies are trading above fair value on unsustainable earnings multiples _as we have seen in this results season _ the ability of strong franchises to further penetrate their chosen markets continues to be underestimated by the market.”
Also in the list was Xero, James Hardie, Charter Hall, Goodman Group, Afterpay, Resmed, CSL, Carsales.com, REA Group and Fisher & Paykel Healthcare.
But it also published a list of companies that had been winners from the lockdowns but were potentially at risk from “re-opening normalisation”.
That list included Coles, Metcash, Woolworths, Amcor, Sonic Healthcare, Reece, Reliance Worldwide, Fisher & Paykel, JB Hi-Fi, Harvey Norman, Wesfarmers and Bluescope.
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