Buy Or Sell Opportunity • Jul 07
Now 22% undervalued Over the last 90 days, the stock has risen 4.4% to €177. The fair value is estimated to be €227, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.3%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Declared Dividend • Jun 01
Dividend of €1.40 announced Shareholders will receive a dividend of €1.40. Ex-date: 9th June 2026 Payment date: 11th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 4.6%. Payout Ratios Payout ratio: 25%. Cash payout ratio: 24%. Ankündigung • May 31
D'Ieteren Group SA announces Annual dividend, payable on June 11, 2026 D'Ieteren Group SA announced Annual dividend of EUR 1.4000 per share payable on June 11, 2026, ex-date on June 09, 2026 and record date on June 10, 2026. Ankündigung • May 15
D'Ieteren Group SA to Report Fiscal Year 2026 Results on Mar 10, 2027 D'Ieteren Group SA announced that they will report fiscal year 2026 results on Mar 10, 2027 Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: €7.94 (vs €6.94 in FY 2024) Full year 2025 results: EPS: €7.94 (up from €6.94 in FY 2024). Revenue: €8.03b (down 1.5% from FY 2024). Net income: €419.5m (up 14% from FY 2024). Profit margin: 5.2% (up from 4.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: €7.94 (vs €6.94 in FY 2024) Full year 2025 results: EPS: €7.94 (up from €6.94 in FY 2024). Revenue: €8.03b (down 1.5% from FY 2024). Net income: €424.5m (up 15% from FY 2024). Profit margin: 5.3% (up from 4.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Ankündigung • Dec 26
D'Ieteren Group SA to Report First Half, 2026 Results on Sep 09, 2026 D'Ieteren Group SA announced that they will report first half, 2026 results on Sep 09, 2026 Reported Earnings • Sep 05
First half 2025 earnings released: EPS: €4.61 (vs €3.14 in 1H 2024) First half 2025 results: EPS: €4.61 (up from €3.14 in 1H 2024). Revenue: €4.05b (down 5.8% from 1H 2024). Net income: €243.8m (up 46% from 1H 2024). Profit margin: 6.0% (up from 3.9% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 12
D'Ieteren Group SA to Report Fiscal Year 2025 Results on Mar 10, 2026 D'Ieteren Group SA announced that they will report fiscal year 2025 results on Mar 10, 2026 Declared Dividend • May 28
Final dividend of €1.12 announced Shareholders will receive a dividend of €1.12. Ex-date: 10th June 2025 Payment date: 12th June 2025 Dividend yield will be 29%, which is higher than the industry average of 4.6%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 11%. Ankündigung • May 27
D'Ieteren Group SA announces Annual dividend, payable on June 12, 2025 D'Ieteren Group SA announced Annual dividend of EUR 1.1200 per share payable on June 12, 2025, ex-date on June 10, 2025 and record date on June 11, 2025. Reported Earnings • May 01
Full year 2024 earnings released: EPS: €6.94 (vs €9.41 in FY 2023) Full year 2024 results: EPS: €6.94 (down from €9.41 in FY 2023). Revenue: €8.15b (up 2.1% from FY 2023). Net income: €367.8m (down 26% from FY 2023). Profit margin: 4.5% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 28
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Charles-Antoine Leunen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 12
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€443m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€443m). Minor Risk Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: €6.94 (vs €9.41 in FY 2023) Full year 2024 results: EPS: €6.94 (down from €9.41 in FY 2023). Revenue: €8.15b (up 2.1% from FY 2023). Net income: €372.1m (down 25% from FY 2023). Profit margin: 4.6% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Feb 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Ankündigung • Feb 12
D'Ieteren Group SA to Report First Half, 2025 Results on Sep 03, 2025 D'Ieteren Group SA announced that they will report first half, 2025 results on Sep 03, 2025 New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €160, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 9x in the Retail Distributors industry in Europe. Total loss to shareholders of 7.0% over the past three years. Ankündigung • Sep 11
D'Ieteren Group SA Proposes Extraordinary Dividend D'Ieteren Group SA proposed extraordinary dividend of EUR 74.00 per share as a reward group shareholders for their continued support after the value creation in the recent years. Reported Earnings • Sep 11
First half 2024 earnings released: EPS: €3.11 (vs €5.39 in 1H 2023) First half 2024 results: EPS: €3.11 (down from €5.39 in 1H 2023). Revenue: €4.30b (up 5.3% from 1H 2023). Net income: €166.6m (down 42% from 1H 2023). Profit margin: 3.9% (down from 7.0% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Declared Dividend • Jun 06
Dividend of €2.63 announced Shareholders will receive a dividend of €2.63. Ex-date: 11th June 2024 Payment date: 13th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 15
D'Ieteren Group SA to Report Fiscal Year 2024 Results on Mar 10, 2025 D'Ieteren Group SA announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: €9.41 (vs €6.23 in FY 2022) Full year 2023 results: EPS: €9.41 (up from €6.23 in FY 2022). Revenue: €7.98b (up 69% from FY 2022). Net income: €498.8m (up 50% from FY 2022). Profit margin: 6.2% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 35% per year. Ankündigung • Dec 15
D'Ieteren Group SA to Report First Half, 2024 Results on Sep 10, 2024 D'Ieteren Group SA announced that they will report first half, 2024 results on Sep 10, 2024 Reported Earnings • Sep 11
First half 2023 earnings released: EPS: €5.33 (vs €3.59 in 1H 2022) First half 2023 results: EPS: €5.33 (up from €3.59 in 1H 2022). Revenue: €4.09b (up 114% from 1H 2022). Net income: €285.9m (up 49% from 1H 2022). Profit margin: 7.0% (down from 10.0% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 45% per year. Ankündigung • May 31
D'Ieteren Group SA to Report Fiscal Year 2023 Results on Mar 05, 2024 D'Ieteren Group SA announced that they will report fiscal year 2023 results on Mar 05, 2024 Upcoming Dividend • May 30
Upcoming dividend of €2.10 per share at 1.8% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.0%). Ankündigung • May 26
D'Ieteren Group SA, Annual General Meeting, May 25, 2023 D'Ieteren Group SA, Annual General Meeting, May 25, 2023, at 15:00 Central European Standard Time. Agenda: To propose a gross ordinary dividend of share to its shareholders; to approve the appointments as Independent Directors, of Allegra Patrizi Unipersonnelle, represented by Mrs Allegra Patrizi, of LSIM SA, represented by Mr Wolfgang de Limburg Stirum, and of Diligencia Consult SRL, represented by Mrs Diane Govaerts. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: €6.24 (vs €4.75 in FY 2021) Full year 2022 results: EPS: €6.24 (up from €4.75 in FY 2021). Revenue: €4.71b (up 40% from FY 2021). Net income: €335.7m (up 32% from FY 2021). Profit margin: 7.1% (down from 7.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Cécile Bonnefond was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 07
First half 2022 earnings released: EPS: €3.55 (vs €3.43 in 1H 2021) First half 2022 results: EPS: €3.55 (up from €3.43 in 1H 2021). Revenue: €1.91b (up 1.0% from 1H 2021). Net income: €191.6m (up 4.8% from 1H 2021). Profit margin: 10.0% (in line with 1H 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Retail Distributors industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 19
D'Ieteren Group SA to Report First Half, 2023 Results on Sep 07, 2023 D'Ieteren Group SA announced that they will report first half, 2023 results on Sep 07, 2023 Upcoming Dividend • May 31
Upcoming dividend of €1.47 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (3.2%). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Cécile Bonnefond was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 24
Full year 2021 earnings released: EPS: €4.75 (vs €2.56 in FY 2020) Full year 2021 results: EPS: €4.75 (up from €2.56 in FY 2020). Revenue: €3.36b (up 1.3% from FY 2020). Net income: €253.5m (up 85% from FY 2020). Profit margin: 7.5% (up from 4.1% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 23%, compared to a 3.6% growth forecast for the retail industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €117, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Retail Distributors industry in Europe. Total returns to shareholders of 237% over the past three years. Reported Earnings • Sep 05
First half 2021 earnings released: EPS €3.39 (vs €0.39 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €1.89b (up 25% from 1H 2020). Net income: €182.8m (up €162.2m from 1H 2020). Profit margin: 9.7% (up from 1.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 29% share price gain to €133, the stock trades at a trailing P/E ratio of 50.7x. Average forward P/E is 17x in the Retail Distributors industry in Europe. Total returns to shareholders of 274% over the past three years. Upcoming Dividend • May 25
Upcoming dividend of €0.94 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 03 June 2021. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 24
Full year 2020 earnings released: EPS €2.62 (vs €1.18 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €3.32b (down 13% from FY 2019). Net income: €140.3m (up 120% from FY 2019). Profit margin: 4.2% (up from 1.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS €2.62 (vs €1.18 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €3.32b (down 13% from FY 2019). Net income: €140.3m (up 120% from FY 2019). Profit margin: 4.2% (up from 1.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue beats expectations Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 3.9%, compared to a 6.0% growth forecast for the Retail Distributors industry in the United Kingdom. Is New 90 Day High Low • Mar 09
New 90-day high: €78.50 The company is up 16% from its price of €67.70 on 09 December 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: €71.10 The company is up 35% from its price of €52.50 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: €60.85 The company is up 11% from its price of €54.90 on 08 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Retail Distributors industry, which is up 17% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: €45.50 The company is down 6.0% from its price of €48.60 on 29 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 1.0% over the same period. 
