The Domino's Pizza Enterprises Ltd (ASX: DMP) share price finished the day lower by 1% at $49.84 on Tuesday after being dragged down by the broad market selloff.
Although this means the pizza chain operator's shares are trading significantly lower than their all time high of approximately $77.00, they have still been one of the best performers on the market over the last 10 years.
During this time the pizza chain operator's shares have provided an average annual total return of 37.7%.
How much would a $10,000 investment be worth today?
This massive average annual return means that if you'd bought $10,000 worth of Domino's shares a decade ago and reinvested the dividends, your original investment would now be worth a staggering $245,000.
I believe this return demonstrates why investing with a long-term view can be an incredibly rewarding experience.
Which shares could do a Domino's over the next decade?
While only a few shares will provide a return of this magnitude over the next 10 years, I believe if you look for companies with strong management teams and long runways for growth you might just get lucky enough to catch hold of one.
Three shares that I think have significant long-term growth potential include the likes of electronic design software provider Altium Limited (ASX: ALU), machine learning and artificial intelligence specialist Appen Ltd (ASX: APX), and online travel agent Webjet Limited (ASX: WEB).
All three of these companies have carved out leading positions in markets that are tipped to grow significantly over the next decade, which I feel makes them great options for patient buy and hold investors.
Based on its current valuation I think Webjet is the pick of the three shares. It is currently trading at 24x estimated FY 2019, which I feel offers a compelling risk/reward given its current growth profile.
