$10,000 invested in Domino’s Pizza Enterprises Ltd shares 10 years ago is worth this much today

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.

Finally, here's another top growth share that could provide strong returns over the next decade.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Altium and Appen Ltd. The Motley Fool Australia has recommended Domino's Pizza Enterprises Limited and Webjet Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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