View ValuationDr. Martens 将来の成長Future 基準チェック /36Dr. Martens利益と収益がそれぞれ年間32.3%と4.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に16% 33.5%なると予測されています。主要情報32.3%収益成長率33.55%EPS成長率Luxury 収益成長13.6%収益成長率4.6%将来の株主資本利益率16.00%アナリストカバレッジLow最終更新日20 May 2026今後の成長に関する最新情報お知らせ • Jan 19Dr. Martens plc Provides Revenue Guidance for Fiscal Year 2023Dr. Martens plc provided revenue guidance for fiscal year 2023. For the period, revenue growth for the revenue on an actual currency basis will now be 11%-13% (4-6% CC).お知らせ • Nov 24+ 1 more updateDr. Martens plc Provides Earnings Guidance for the Year 2022Dr. Martens plc provided earnings guidance for the year 2022. The company maintaining revenue guidance of high-teens growth for the full year, on an actual currency basis.お知らせ • Jun 02+ 1 more updateDr. Martens plc Provides Revenue Guidance for the Full Year 2023Dr. Martens plc provided revenue guidance for the full year 2023. For the year, The company expects high-teens revenue growth, with the upgrade to guidance the result of the price increases which take effect from AW22 and expectations for volume growth remaining unchanged.すべての更新を表示Recent updatesDeclared Dividend • May 21Final dividend of UK£0.017 announcedShareholders will receive a dividend of UK£0.017. Ex-date: 27th August 2026 Payment date: 7th October 2026 Dividend yield will be 3.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 138% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • May 20High number of new directorsIndependent Non-Executive Director Robert Hanson was the last director to join the board, commencing their role in 2025.お知らせ • May 06Dr. Martens plc to Report Fiscal Year 2026 Results on May 19, 2026Dr. Martens plc announced that they will report fiscal year 2026 results at 6:00 AM, Coordinated Universal Time on May 19, 2026お知らせ • Nov 21Dr. Martens plc Declares Interim Dividend, Payable on April 9, 2026The Board of Dr. Martens plc declared an interim dividend of 0.85 pence per share (Sep 24: 0.85 pence). This will be paid on 9 April 2026 to shareholders on the register as at 6 March 2026.お知らせ • Nov 13Gen Phoenix and Dr. Martens Celebrate Four Seasons of Waste Reduction with the Launch of the Solar Flare CollectionGen Phoenixand heritage footwear brand Dr. Martens are marking a major milestone in sustainable design: four consecutive seasons of partnership. In celebration of this continued collaboration, which began with the launch of the Genix Nappa collection in 2024, and just in time for the holidays, Dr. Martens is introducing the Solar Flare collection made with Genix Nappa to underscore both brands' shared commitment to long-term impact over one-off pilots and capsules. According to one report, more than 380 brand-innovator collaborations launched in 2023, though many exist as exploratory, pilot or capsule partnerships in nature rather than multi-year programs. Against that backdrop, Gen Phoenix and Dr. Martens stand out as a rare example of a long-term strategic partnership. From its first collection of Genix Nappa reclaimed leather boots in 2024 to the Solar Flare line - which for the very first time includes kids' footwear and bags - the brands have steadily expanded the use of Gen Phoenix's material made from recycled leather fibres across categories while maintaining Dr. Martens' signature durability and comfort. Each season has pushed the boundaries of what heritage design can look like when paired with next-generation materials, furthering a trend Gen Phoenix has pioneered called "luxcycling" turning waste into premium recycled materials without compromising style or quality. Introducing the Next Generation: Solar Flare Kids' Boot: With the launch of the Solar Flare kids' boot, Dr. Martens brings its reclaimed leather innovation to a new audience. The Solar Flare kids boot is crafted from Gen Phoenix's soft and lightweight yet durable Genix Nappa material, with a silver sun, moon and star print across the upper, delivering the same comfort of the original adult Genix Nappa styles. Perfect for growing feet that don't keep still, while aligning with the values of climate conscious shoppers and wearers. Expanding the Circular Revolution: From Boots to Bags: The Solar Flare collection also introduces Dr. Martens' first bag crafted from Gen Phoenix's reclaimed leather material, a category expansion that demonstrates the scalability of Gen Phoenix's circular technology platform. Together, the brands continue to advance their shared goal of achieving net-zero emissions by 2040, showing how material innovation can be woven into iconic design without compromising identity or integrity. To date, Gen Phoenix has helped Dr. Martens: Divert 15 tonnes of leather offcuts from going to waste, roughly the weight of 15 compact cars; Save 693 tCO2e compared to conventional leather, approximately 1.7 million air miles, or 300 round-trip flights from London to New York. These joint efforts from Gen Phoenix and Dr. Martened to transform landfill-destined leather into high-performance Genix Nappa material have resulted in four seasons of durable, comfortable, waste-reducing footwear and accessories. The partnership embodies a simple philosophy: reclaimed leather, remade to last.お知らせ • Jun 18Dr. Martens plc to Report First Half, 2026 Results on Nov 20, 2025Dr. Martens plc announced that they will report first half, 2026 results on Nov 20, 2025お知らせ • Jun 17Dr. Martens plc, Annual General Meeting, Jul 10, 2025Dr. Martens plc, Annual General Meeting, Jul 10, 2025. Location: 1 11 hawley crescent, camden, nw1 8np, london United Kingdomお知らせ • Jun 05Dr. Martens plc Proposes Final Dividend for Fiscal Year 2025, Payable on 8 October 2025The Board of Dr. Martens plc proposed a final dividend of 1.70 pence, taking the total dividend for fiscal year 2025, including the interim dividend of 0.85 pence, to 2.55 pence (fiscal year 2024: 2.55 pence). This will be paid to shareholders on the register as at 29 August 2025 with payment on 8 October 2025. The proposed dividend is subject to shareholder approval.お知らせ • Feb 12Dr. Martens plc Announces the Appointments of Robert Hanson and Benoit Vauchy as Non-Executive Directors with Effect from 26 March 2025Dr. Martens plc announced the appointments of Robert Hanson and Benoit Vauchy as Non-Executive Directors of the Company with effect from 26 March 2025. Robert is an experienced executive with a strong track record of delivering growth at consumer brands. He was CEO of John Hardy and American Eagle Outfitters and also served as EVP Wines and Spirits for Constellation Brands. Prior to this he served for over a decade in senior roles at Levi Strauss & Co, including as President of the Americas division and, latterly, as Global Brand President, Americas. Robert brings a broad, multidisciplinary skillset and significant experience of the North American market combined with global expertise. His prior non-executive experience includes positions on the boards of Canopy Growth, Urban Outfitters and Constellation Brands. He was recently appointed as CEO of US wine company The Duckhorn Portfolio. Benoit is a Partner at the Company's largest investor, global investment firm Permira, where he is a member of the Investment and Executive Committees. He has served on the board of Spanish online travel company eDreams ODIGEO as a Non-Executive Director for a decade, during which time the business has undergone a significant period of transformation. Benoit also serves on the board of Permira Holdings Limited and has previously served on the boards of Universidad Europea, VacanceSelect and Exclusive Networks. He has worked at Permira since 2006, and previously spent six years at JPMorgan in London and Frankfurt.お知らせ • Dec 03Dr. Martens plc to Report Fiscal Year 2025 Results on Jun 05, 2025Dr. Martens plc announced that they will report fiscal year 2025 results on Jun 05, 2025お知らせ • Nov 28+ 1 more updateDr. Martens plc Announces Chief Executive Officer ChangesDr. Martens plc announced further to the company's previous announcement on 16 April 2024 that Ije Nwokorie would succeed Kenny Wilson as its new Chief Executive Officer before the end of the fiscal year 2025, Dr. Martens announced that Ije's appointment will take effect from 6 January 2025. The Company also confirms that Kenny Wilson will step down from the Board on 6 January 2025. Kenny will remain available to Ije and the wider Global Leadership Team until 31 March 2025 to ensure a smooth handover.お知らせ • Oct 08Dr. Martens plc to Report First Half, 2025 Results on Nov 28, 2024Dr. Martens plc announced that they will report first half, 2025 results on Nov 28, 2024New Risk • Oct 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks High level of debt (50% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.9% net profit margin).お知らせ • Jun 14Dr. Martens plc, Annual General Meeting, Jul 11, 2024Dr. Martens plc, Annual General Meeting, Jul 11, 2024. Location: holiday inn london camden lock, 30 jamestown road, camden, nw1 7by, london United Kingdomお知らせ • Jun 05Dr. Martens plc Announces Executive ChangesDr. Martens plc announced that Katherine Bellau has been appointed as Company Secretary with effect from 3 June 2024. Katherine succeeds Emily Reichwald, who will be taking up a different role within the business.Reported Earnings • Jun 04Full year 2024 earnings released: EPS: UK£0.07 (vs UK£0.13 in FY 2023)Full year 2024 results: EPS: UK£0.07 (down from UK£0.13 in FY 2023). Revenue: UK£877.1m (down 12% from FY 2023). Net income: UK£69.2m (down 46% from FY 2023). Profit margin: 7.9% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.お知らせ • Jun 02Dr. Martens plc Proposes Final Dividend for Fiscal Year Ended 31 March 2024, Payable on 1 October 2024The board of Dr. Martens plc has proposed, subject to shareholder approval, a final dividend of 0.99 pence (fiscal year 2023: 4.28 pence), taking the total dividend for fiscal year ended 31 March 2024, including the interim dividend of 1.56 pence, to 2.55 pence, a 35% payout ratio. Whilst this is a year-on-year reduction given the higher payout in fiscal year 2023 and lower earnings achieved 2024, the 35% payout for fiscal year 2024 is at the top of the policy range. The board's intention is to hold the fiscal year 2025 dividend flat in absolute terms, before returning to an earnings payout in line with its dividend policy (of 25% to 35% payout) in fiscal year 2026 onwards. The final dividend for fiscal year 2024 will be paid to shareholders on the register as at 30 August 2024 with payment on 1 October 2024.お知らせ • May 21Marathon Partners Urges Dr. Martens to Buy Back StockOn May 20, 2024, Marathon Partners Equity Management announced that it is turning up the heat on Dr. Martens plc by urging the Company to detail planned expense cuts and to buy back stock.Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.05, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.59 per share.お知らせ • Apr 17Dr. Martens plc Announces CEO ChangesDr. Martens plc announced that Kenny Wilson has decided that this will be his final year as Chief Executive Officer (CEO) of the Company. As part of an orderly succession plan, and following a thorough search process, the Board announced that Ije Nwokorie, currently Chief Brand Officer (CBO), will succeed Kenny as CEO. Kenny and Ije will work together to ensure a smooth handover, with Ije becoming CEO before the end of the current financial year. Ije will remain as CBO in the meantime, with his focus being on the brand and driving demand ahead of the important AW24 season. Ije Nwokorie was a Non-Executive Director on the Board from January 2021 until early 2024, when he joined the business as Chief Brand Officer, with responsibility for product, marketing and strategy. Ije was previously at Apple Inc, where he was Senior Director, Apple Retail from January 2018. Prior to this he spent 11 years at global brand consultancy Wolff Olins, where he was latterly CEO, leading teams in offices in San Francisco, London, Dubai and New York. He is currently also Chair of water UK.Buy Or Sell Opportunity • Apr 08Now 25% undervaluedThe stock has been flat over the last 90 days, currently trading at €1.03. The fair value is estimated to be €1.37, 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 27%. Revenue is forecast to decline by 4.0% in 2 years. Earnings are forecast to decline by 15% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.14, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.55 per share.お知らせ • Apr 03Marathon Partners Calls for Strategic Review Process for Dr. MartensOn April 2, 2024, Marathon Partners Equity Management, LLC and its affiliated investment funds announced that they recently delivered a letter to Chairman Paul Mason and the Board of Directors, urging the Board to commence a process of evaluating alternatives to maximize shareholder value, including a potential sale of Dr. Martens plc. In the letter to the Board, Marathon Partners recommended that the Company’s Board hire an advisor and commence a strategic review process, including a potential sale or merger of the Company to interested parties, with the express goal of maximizing shareholder value. Marathon Partners stated that prior to the release of its letter, it held discussions with multiple Directors of the Company to privately resolve these matters. Marathon Partners also stated that while these conversations were friendly and productive, they did not lead to a satisfactory resolution of important shareholder issues.お知らせ • Feb 27Giles Wilson to Join Dr. Martens plc as CFO on May 27, 2024Dr. Martens plc announced that Giles Wilson, who has been appointed to the role of Chief Financial Officer (CFO), will join the business and Board on 27th May 2024 and will present the fiscal year 2024 results on 30th May 2024.New Risk • Jan 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (74% net debt to equity). Dividend is not well covered by cash flows (200% cash payout ratio). Profit margins are more than 30% lower than last year (11% net profit margin).Upcoming Dividend • Dec 28Upcoming dividend of UK£0.016 per share at 6.5% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 02 February 2024. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.8%).Reported Earnings • Dec 01First half 2024 earnings released: EPS: UK£0.019 (vs UK£0.045 in 1H 2023)First half 2024 results: EPS: UK£0.019 (down from UK£0.045 in 1H 2023). Revenue: UK£395.8m (down 5.4% from 1H 2023). Net income: UK£19.0m (down 57% from 1H 2023). Profit margin: 4.8% (down from 11% in 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.61 per share.Buying Opportunity • Nov 30Now 36% undervalued after recent price dropOver the last 90 days, the stock is down 43%. The fair value is estimated to be €1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 5.8% per annum over the same time period.お知らせ • Nov 30Dr. Martens plc Approves Interim Dividend, Payable on 2 February 2024Dr. Martens plc has approved and the Company has declared an interim dividend of 1.56p per share (2023: 1.56 pence). The interim dividend will be paid to shareholders on the register as at 5 January 2024 with payment on 2 February 2024.お知らせ • Nov 17+ 1 more updateDr. Martens plc Announces Management ChangesDr. Martens plc announced that Non-Executive Director Ije Nwokorie will join as Chief Brand Officer from 1st February 2024. On appointment into this role, Ije will cease to be a member of the Board and will step down as a member of the Audit and Risk, Nomination and Disclosure committees. The newly-created role of Chief Brand Officer will be a key member of the global leadership team, reporting into Kenny Wilson, CEO, overseeing the Global Marketing, Product and Strategy functions. The Chief Brand Officer will be responsible for setting the overall brand strategy, vision and direction for the next phase of Dr. Martens' growth. Ije will join Dr. Martens as Chief Brand Officer from Apple Inc, where he has been Senior Director, Apple Retail since January 2018. Prior to this he spent 11 years at global brand consultancy Wolff Olins, where he was latterly CEO, leading teams in offices in San Francisco, London, Dubai and New York. He is currently also Chair of non-profit organisation charity: water UK.お知らせ • Nov 14Dr. Martens plc to Report Fiscal Year 2024 Results on May 30, 2024Dr. Martens plc announced that they will report fiscal year 2024 results on May 30, 2024New Risk • Oct 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (222% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).Buying Opportunity • Sep 06Now 21% undervaluedOver the last 90 days, the stock is up 22%. The fair value is estimated to be €2.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 2.5% per annum over the same time period.Buying Opportunity • Aug 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be €2.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 2.5% per annum over the same time period.Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.83, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.32 per share.Recent Insider Transactions • Jul 18CEO & Director recently bought €467k worth of stockOn the 14th of July, Kenneth Wilson bought around 310k shares on-market at roughly €1.51 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.83 per share.Buying Opportunity • Jun 07Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 5.5%. The fair value is estimated to be €2.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 3.2% per annum over the same time period.Reported Earnings • Jun 02Full year 2023 earnings released: EPS: UK£0.13 (vs UK£0.18 in FY 2022)Full year 2023 results: EPS: UK£0.13 (down from UK£0.18 in FY 2022). Revenue: UK£1.00b (up 10% from FY 2022). Net income: UK£128.9m (down 29% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Germany.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €1.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.47 per share.お知らせ • Jun 01+ 2 more updatesDr. Martens plc to Report First Half, 2024 Results on Nov 30, 2023Dr. Martens plc announced that they will report first half, 2024 results on Nov 30, 2023Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.78, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Luxury industry in Germany. Total loss to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.87 per share.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €1.98, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Luxury industry in Germany. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.65 per share.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €1.89, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Luxury industry in Germany. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share.お知らせ • Jan 19Dr. Martens plc Provides Revenue Guidance for Fiscal Year 2023Dr. Martens plc provided revenue guidance for fiscal year 2023. For the period, revenue growth for the revenue on an actual currency basis will now be 11%-13% (4-6% CC).Buying Opportunity • Jan 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be €2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 233%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.Upcoming Dividend • Dec 29Upcoming dividend of UK£0.016 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 03 February 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.2%).Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Luxury industry in Germany. Total loss to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.72 per share.Reported Earnings • Nov 25First half 2023 earnings released: EPS: UK£0.045 (vs UK£0.049 in 1H 2022)First half 2023 results: EPS: UK£0.045 (down from UK£0.049 in 1H 2022). Revenue: UK£418.6m (up 13% from 1H 2022). Net income: UK£44.7m (down 8.0% from 1H 2022). Profit margin: 11% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany.お知らせ • Nov 24+ 1 more updateDr. Martens plc Provides Earnings Guidance for the Year 2022Dr. Martens plc provided earnings guidance for the year 2022. The company maintaining revenue guidance of high-teens growth for the full year, on an actual currency basis.Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO & Director Kenny Wilson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to €2.74, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Luxury industry in Germany. Total loss to shareholders of 34% over the past year.お知らせ • Jul 14Dr. Martens plc to Report Fiscal Year 2023 Results on Jun 01, 2023Dr. Martens plc announced that they will report fiscal year 2023 results on Jun 01, 2023Reported Earnings • Jun 02Full year 2022 earnings released: EPS: UK£0.18 (vs UK£0.036 in FY 2021)Full year 2022 results: EPS: UK£0.18 (up from UK£0.036 in FY 2021). Revenue: UK£908.3m (up 18% from FY 2021). Net income: UK£181.2m (up 408% from FY 2021). Profit margin: 20% (up from 4.6% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the industry in Germany.お知らせ • Jun 02+ 1 more updateDr. Martens plc Provides Revenue Guidance for the Full Year 2023Dr. Martens plc provided revenue guidance for the full year 2023. For the year, The company expects high-teens revenue growth, with the upgrade to guidance the result of the price increases which take effect from AW22 and expectations for volume growth remaining unchanged.お知らせ • Jun 01+ 1 more updateDr. Martens plc to Report First Half, 2023 Results on Nov 24, 2022Dr. Martens plc announced that they will report first half, 2023 results on Nov 24, 2022Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO & Director Kenny Wilson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €2.71, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Luxury industry in Europe. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.56 per share.Recent Insider Transactions • Feb 02Independent Non-Executive Director recently bought €54k worth of stockOn the 31st of January, Robyn Perriss bought around 15k shares on-market at roughly €3.63 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €184k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €3.51, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Luxury industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €4.58 per share.Buying Opportunity • Jan 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be UK£4.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has declined by 39% over the last year.Valuation Update With 7 Day Price Move • Jan 10Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €4.32, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Luxury industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €4.67 per share.お知らせ • Jan 07+ 1 more updateAn unknown buyer acquired 6.5% stake in Dr. Martens plc (LSE:DOCS) from Ingrelux S.ÀR.L.An unknown buyer acquired 6.5% stake in Dr. Martens plc (LSE:DOCS) from Ingrelux S.ÀR.L. for approximately £260 million on January 6, 2022. Ingrelux S.ÀR.L. still owns over 364mln shares, representing around a 36.4% holding. An unknown buyer completed the acquisition of a 6.5% stake in Dr. Martens plc (LSE:DOCS) from Ingrelux S.ÀR.L. for approximately £260 million on January 6, 2022. Ingrelux S.ÀR.L. still owns over 364mln shares, representing around a 36.4% holding.Reported Earnings • Dec 11First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: UK£0.049 (up from UK£0.03 in 1H 2021). Revenue: UK£369.9m (up 16% from 1H 2021). Net income: UK£48.6m (up 65% from 1H 2021). Profit margin: 13% (up from 9.3% in 1H 2021). Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 20%, compared to a 4.7% growth forecast for the industry in Germany.Board Change • Oct 26High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO & Director Kenny Wilson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Jun 22Independent Non-Executive Director recently bought €97k worth of stockOn the 21st of June, Robyn Perriss bought around 20k shares on-market at roughly €4.86 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Reported Earnings • Jun 19Full year 2021 earnings released: EPS UK£0.036 (vs UK£7.48 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: UK£773.0m (up 15% from FY 2020). Net income: UK£35.7m (down 52% from FY 2020). Profit margin: 4.6% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses.業績と収益の成長予測DB:3U2 - アナリストの将来予測と過去の財務データ ( )GBP Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202987074617743/31/2028831616012153/31/202779049469843/29/202676524131143N/A12/29/202577520135148N/A9/28/202578515140154N/A6/28/202578610159175N/A3/30/20257885178196N/A12/30/202479717191212N/A9/29/202480629204227N/A6/29/202484249172197N/A3/31/202487769140168N/A12/31/20239278682120N/A9/30/20239781032472N/A6/30/20239891162272N/A3/31/20231,0001292173N/A12/31/202297915362105N/A9/30/2022957177104138N/A6/30/2022933179132161N/A3/31/2022908181159184N/A12/31/2021867118129151N/A9/30/20218255498117N/A6/30/202179944120138N/A3/31/202177335142159N/A12/31/202074761156175N/A9/30/202072287169190N/A6/30/202069781134156N/A3/31/202067275100121N/A3/31/201945417N/A56N/A3/31/2018349-6N/A46N/A3/31/2017291-11N/A34N/A3/31/2016232-12N/A26N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 3U2の予測収益成長率 (年間32.3% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 3U2の収益 ( 32.3% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: 3U2の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 3U2の収益 ( 4.6% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: 3U2の収益 ( 4.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 3U2の 自己資本利益率 は、3年後には低くなると予測されています ( 16 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 05:49終値2026/05/22 00:00収益2026/03/29年間収益2026/03/29データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Dr. Martens plc 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Richard TaylorBarclaysAnne CritchlowBerenbergDavid RouxBofA Global Research10 その他のアナリストを表示
お知らせ • Jan 19Dr. Martens plc Provides Revenue Guidance for Fiscal Year 2023Dr. Martens plc provided revenue guidance for fiscal year 2023. For the period, revenue growth for the revenue on an actual currency basis will now be 11%-13% (4-6% CC).
お知らせ • Nov 24+ 1 more updateDr. Martens plc Provides Earnings Guidance for the Year 2022Dr. Martens plc provided earnings guidance for the year 2022. The company maintaining revenue guidance of high-teens growth for the full year, on an actual currency basis.
お知らせ • Jun 02+ 1 more updateDr. Martens plc Provides Revenue Guidance for the Full Year 2023Dr. Martens plc provided revenue guidance for the full year 2023. For the year, The company expects high-teens revenue growth, with the upgrade to guidance the result of the price increases which take effect from AW22 and expectations for volume growth remaining unchanged.
Declared Dividend • May 21Final dividend of UK£0.017 announcedShareholders will receive a dividend of UK£0.017. Ex-date: 27th August 2026 Payment date: 7th October 2026 Dividend yield will be 3.5%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio). However, it is well covered by cash flows (19% cash payout ratio). The dividend has increased by an average of 1.1% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 138% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • May 20High number of new directorsIndependent Non-Executive Director Robert Hanson was the last director to join the board, commencing their role in 2025.
お知らせ • May 06Dr. Martens plc to Report Fiscal Year 2026 Results on May 19, 2026Dr. Martens plc announced that they will report fiscal year 2026 results at 6:00 AM, Coordinated Universal Time on May 19, 2026
お知らせ • Nov 21Dr. Martens plc Declares Interim Dividend, Payable on April 9, 2026The Board of Dr. Martens plc declared an interim dividend of 0.85 pence per share (Sep 24: 0.85 pence). This will be paid on 9 April 2026 to shareholders on the register as at 6 March 2026.
お知らせ • Nov 13Gen Phoenix and Dr. Martens Celebrate Four Seasons of Waste Reduction with the Launch of the Solar Flare CollectionGen Phoenixand heritage footwear brand Dr. Martens are marking a major milestone in sustainable design: four consecutive seasons of partnership. In celebration of this continued collaboration, which began with the launch of the Genix Nappa collection in 2024, and just in time for the holidays, Dr. Martens is introducing the Solar Flare collection made with Genix Nappa to underscore both brands' shared commitment to long-term impact over one-off pilots and capsules. According to one report, more than 380 brand-innovator collaborations launched in 2023, though many exist as exploratory, pilot or capsule partnerships in nature rather than multi-year programs. Against that backdrop, Gen Phoenix and Dr. Martens stand out as a rare example of a long-term strategic partnership. From its first collection of Genix Nappa reclaimed leather boots in 2024 to the Solar Flare line - which for the very first time includes kids' footwear and bags - the brands have steadily expanded the use of Gen Phoenix's material made from recycled leather fibres across categories while maintaining Dr. Martens' signature durability and comfort. Each season has pushed the boundaries of what heritage design can look like when paired with next-generation materials, furthering a trend Gen Phoenix has pioneered called "luxcycling" turning waste into premium recycled materials without compromising style or quality. Introducing the Next Generation: Solar Flare Kids' Boot: With the launch of the Solar Flare kids' boot, Dr. Martens brings its reclaimed leather innovation to a new audience. The Solar Flare kids boot is crafted from Gen Phoenix's soft and lightweight yet durable Genix Nappa material, with a silver sun, moon and star print across the upper, delivering the same comfort of the original adult Genix Nappa styles. Perfect for growing feet that don't keep still, while aligning with the values of climate conscious shoppers and wearers. Expanding the Circular Revolution: From Boots to Bags: The Solar Flare collection also introduces Dr. Martens' first bag crafted from Gen Phoenix's reclaimed leather material, a category expansion that demonstrates the scalability of Gen Phoenix's circular technology platform. Together, the brands continue to advance their shared goal of achieving net-zero emissions by 2040, showing how material innovation can be woven into iconic design without compromising identity or integrity. To date, Gen Phoenix has helped Dr. Martens: Divert 15 tonnes of leather offcuts from going to waste, roughly the weight of 15 compact cars; Save 693 tCO2e compared to conventional leather, approximately 1.7 million air miles, or 300 round-trip flights from London to New York. These joint efforts from Gen Phoenix and Dr. Martened to transform landfill-destined leather into high-performance Genix Nappa material have resulted in four seasons of durable, comfortable, waste-reducing footwear and accessories. The partnership embodies a simple philosophy: reclaimed leather, remade to last.
お知らせ • Jun 18Dr. Martens plc to Report First Half, 2026 Results on Nov 20, 2025Dr. Martens plc announced that they will report first half, 2026 results on Nov 20, 2025
お知らせ • Jun 17Dr. Martens plc, Annual General Meeting, Jul 10, 2025Dr. Martens plc, Annual General Meeting, Jul 10, 2025. Location: 1 11 hawley crescent, camden, nw1 8np, london United Kingdom
お知らせ • Jun 05Dr. Martens plc Proposes Final Dividend for Fiscal Year 2025, Payable on 8 October 2025The Board of Dr. Martens plc proposed a final dividend of 1.70 pence, taking the total dividend for fiscal year 2025, including the interim dividend of 0.85 pence, to 2.55 pence (fiscal year 2024: 2.55 pence). This will be paid to shareholders on the register as at 29 August 2025 with payment on 8 October 2025. The proposed dividend is subject to shareholder approval.
お知らせ • Feb 12Dr. Martens plc Announces the Appointments of Robert Hanson and Benoit Vauchy as Non-Executive Directors with Effect from 26 March 2025Dr. Martens plc announced the appointments of Robert Hanson and Benoit Vauchy as Non-Executive Directors of the Company with effect from 26 March 2025. Robert is an experienced executive with a strong track record of delivering growth at consumer brands. He was CEO of John Hardy and American Eagle Outfitters and also served as EVP Wines and Spirits for Constellation Brands. Prior to this he served for over a decade in senior roles at Levi Strauss & Co, including as President of the Americas division and, latterly, as Global Brand President, Americas. Robert brings a broad, multidisciplinary skillset and significant experience of the North American market combined with global expertise. His prior non-executive experience includes positions on the boards of Canopy Growth, Urban Outfitters and Constellation Brands. He was recently appointed as CEO of US wine company The Duckhorn Portfolio. Benoit is a Partner at the Company's largest investor, global investment firm Permira, where he is a member of the Investment and Executive Committees. He has served on the board of Spanish online travel company eDreams ODIGEO as a Non-Executive Director for a decade, during which time the business has undergone a significant period of transformation. Benoit also serves on the board of Permira Holdings Limited and has previously served on the boards of Universidad Europea, VacanceSelect and Exclusive Networks. He has worked at Permira since 2006, and previously spent six years at JPMorgan in London and Frankfurt.
お知らせ • Dec 03Dr. Martens plc to Report Fiscal Year 2025 Results on Jun 05, 2025Dr. Martens plc announced that they will report fiscal year 2025 results on Jun 05, 2025
お知らせ • Nov 28+ 1 more updateDr. Martens plc Announces Chief Executive Officer ChangesDr. Martens plc announced further to the company's previous announcement on 16 April 2024 that Ije Nwokorie would succeed Kenny Wilson as its new Chief Executive Officer before the end of the fiscal year 2025, Dr. Martens announced that Ije's appointment will take effect from 6 January 2025. The Company also confirms that Kenny Wilson will step down from the Board on 6 January 2025. Kenny will remain available to Ije and the wider Global Leadership Team until 31 March 2025 to ensure a smooth handover.
お知らせ • Oct 08Dr. Martens plc to Report First Half, 2025 Results on Nov 28, 2024Dr. Martens plc announced that they will report first half, 2025 results on Nov 28, 2024
New Risk • Oct 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks High level of debt (50% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.9% net profit margin).
お知らせ • Jun 14Dr. Martens plc, Annual General Meeting, Jul 11, 2024Dr. Martens plc, Annual General Meeting, Jul 11, 2024. Location: holiday inn london camden lock, 30 jamestown road, camden, nw1 7by, london United Kingdom
お知らせ • Jun 05Dr. Martens plc Announces Executive ChangesDr. Martens plc announced that Katherine Bellau has been appointed as Company Secretary with effect from 3 June 2024. Katherine succeeds Emily Reichwald, who will be taking up a different role within the business.
Reported Earnings • Jun 04Full year 2024 earnings released: EPS: UK£0.07 (vs UK£0.13 in FY 2023)Full year 2024 results: EPS: UK£0.07 (down from UK£0.13 in FY 2023). Revenue: UK£877.1m (down 12% from FY 2023). Net income: UK£69.2m (down 46% from FY 2023). Profit margin: 7.9% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Luxury industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings.
お知らせ • Jun 02Dr. Martens plc Proposes Final Dividend for Fiscal Year Ended 31 March 2024, Payable on 1 October 2024The board of Dr. Martens plc has proposed, subject to shareholder approval, a final dividend of 0.99 pence (fiscal year 2023: 4.28 pence), taking the total dividend for fiscal year ended 31 March 2024, including the interim dividend of 1.56 pence, to 2.55 pence, a 35% payout ratio. Whilst this is a year-on-year reduction given the higher payout in fiscal year 2023 and lower earnings achieved 2024, the 35% payout for fiscal year 2024 is at the top of the policy range. The board's intention is to hold the fiscal year 2025 dividend flat in absolute terms, before returning to an earnings payout in line with its dividend policy (of 25% to 35% payout) in fiscal year 2026 onwards. The final dividend for fiscal year 2024 will be paid to shareholders on the register as at 30 August 2024 with payment on 1 October 2024.
お知らせ • May 21Marathon Partners Urges Dr. Martens to Buy Back StockOn May 20, 2024, Marathon Partners Equity Management announced that it is turning up the heat on Dr. Martens plc by urging the Company to detail planned expense cuts and to buy back stock.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.05, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.59 per share.
お知らせ • Apr 17Dr. Martens plc Announces CEO ChangesDr. Martens plc announced that Kenny Wilson has decided that this will be his final year as Chief Executive Officer (CEO) of the Company. As part of an orderly succession plan, and following a thorough search process, the Board announced that Ije Nwokorie, currently Chief Brand Officer (CBO), will succeed Kenny as CEO. Kenny and Ije will work together to ensure a smooth handover, with Ije becoming CEO before the end of the current financial year. Ije will remain as CBO in the meantime, with his focus being on the brand and driving demand ahead of the important AW24 season. Ije Nwokorie was a Non-Executive Director on the Board from January 2021 until early 2024, when he joined the business as Chief Brand Officer, with responsibility for product, marketing and strategy. Ije was previously at Apple Inc, where he was Senior Director, Apple Retail from January 2018. Prior to this he spent 11 years at global brand consultancy Wolff Olins, where he was latterly CEO, leading teams in offices in San Francisco, London, Dubai and New York. He is currently also Chair of water UK.
Buy Or Sell Opportunity • Apr 08Now 25% undervaluedThe stock has been flat over the last 90 days, currently trading at €1.03. The fair value is estimated to be €1.37, 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 27%. Revenue is forecast to decline by 4.0% in 2 years. Earnings are forecast to decline by 15% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.14, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.55 per share.
お知らせ • Apr 03Marathon Partners Calls for Strategic Review Process for Dr. MartensOn April 2, 2024, Marathon Partners Equity Management, LLC and its affiliated investment funds announced that they recently delivered a letter to Chairman Paul Mason and the Board of Directors, urging the Board to commence a process of evaluating alternatives to maximize shareholder value, including a potential sale of Dr. Martens plc. In the letter to the Board, Marathon Partners recommended that the Company’s Board hire an advisor and commence a strategic review process, including a potential sale or merger of the Company to interested parties, with the express goal of maximizing shareholder value. Marathon Partners stated that prior to the release of its letter, it held discussions with multiple Directors of the Company to privately resolve these matters. Marathon Partners also stated that while these conversations were friendly and productive, they did not lead to a satisfactory resolution of important shareholder issues.
お知らせ • Feb 27Giles Wilson to Join Dr. Martens plc as CFO on May 27, 2024Dr. Martens plc announced that Giles Wilson, who has been appointed to the role of Chief Financial Officer (CFO), will join the business and Board on 27th May 2024 and will present the fiscal year 2024 results on 30th May 2024.
New Risk • Jan 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (74% net debt to equity). Dividend is not well covered by cash flows (200% cash payout ratio). Profit margins are more than 30% lower than last year (11% net profit margin).
Upcoming Dividend • Dec 28Upcoming dividend of UK£0.016 per share at 6.5% yieldEligible shareholders must have bought the stock before 04 January 2024. Payment date: 02 February 2024. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (0.8%).
Reported Earnings • Dec 01First half 2024 earnings released: EPS: UK£0.019 (vs UK£0.045 in 1H 2023)First half 2024 results: EPS: UK£0.019 (down from UK£0.045 in 1H 2023). Revenue: UK£395.8m (down 5.4% from 1H 2023). Net income: UK£19.0m (down 57% from 1H 2023). Profit margin: 4.8% (down from 11% in 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.03, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Luxury industry in Europe. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.61 per share.
Buying Opportunity • Nov 30Now 36% undervalued after recent price dropOver the last 90 days, the stock is down 43%. The fair value is estimated to be €1.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings is forecast to decline by 5.8% per annum over the same time period.
お知らせ • Nov 30Dr. Martens plc Approves Interim Dividend, Payable on 2 February 2024Dr. Martens plc has approved and the Company has declared an interim dividend of 1.56p per share (2023: 1.56 pence). The interim dividend will be paid to shareholders on the register as at 5 January 2024 with payment on 2 February 2024.
お知らせ • Nov 17+ 1 more updateDr. Martens plc Announces Management ChangesDr. Martens plc announced that Non-Executive Director Ije Nwokorie will join as Chief Brand Officer from 1st February 2024. On appointment into this role, Ije will cease to be a member of the Board and will step down as a member of the Audit and Risk, Nomination and Disclosure committees. The newly-created role of Chief Brand Officer will be a key member of the global leadership team, reporting into Kenny Wilson, CEO, overseeing the Global Marketing, Product and Strategy functions. The Chief Brand Officer will be responsible for setting the overall brand strategy, vision and direction for the next phase of Dr. Martens' growth. Ije will join Dr. Martens as Chief Brand Officer from Apple Inc, where he has been Senior Director, Apple Retail since January 2018. Prior to this he spent 11 years at global brand consultancy Wolff Olins, where he was latterly CEO, leading teams in offices in San Francisco, London, Dubai and New York. He is currently also Chair of non-profit organisation charity: water UK.
お知らせ • Nov 14Dr. Martens plc to Report Fiscal Year 2024 Results on May 30, 2024Dr. Martens plc announced that they will report fiscal year 2024 results on May 30, 2024
New Risk • Oct 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (222% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).
Buying Opportunity • Sep 06Now 21% undervaluedOver the last 90 days, the stock is up 22%. The fair value is estimated to be €2.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 2.5% per annum over the same time period.
Buying Opportunity • Aug 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be €2.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 2.5% per annum over the same time period.
Valuation Update With 7 Day Price Move • Aug 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.83, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.32 per share.
Recent Insider Transactions • Jul 18CEO & Director recently bought €467k worth of stockOn the 14th of July, Kenneth Wilson bought around 310k shares on-market at roughly €1.51 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Luxury industry in Europe. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.83 per share.
Buying Opportunity • Jun 07Now 27% undervalued after recent price dropOver the last 90 days, the stock is down 5.5%. The fair value is estimated to be €2.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 3.2% per annum over the same time period.
Reported Earnings • Jun 02Full year 2023 earnings released: EPS: UK£0.13 (vs UK£0.18 in FY 2022)Full year 2023 results: EPS: UK£0.13 (down from UK£0.18 in FY 2022). Revenue: UK£1.00b (up 10% from FY 2022). Net income: UK£128.9m (down 29% from FY 2022). Profit margin: 13% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Luxury industry in Germany.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €1.58, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in Europe. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.47 per share.
お知らせ • Jun 01+ 2 more updatesDr. Martens plc to Report First Half, 2024 Results on Nov 30, 2023Dr. Martens plc announced that they will report first half, 2024 results on Nov 30, 2023
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.78, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Luxury industry in Germany. Total loss to shareholders of 31% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.87 per share.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €1.98, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Luxury industry in Germany. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.65 per share.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €1.89, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Luxury industry in Germany. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share.
お知らせ • Jan 19Dr. Martens plc Provides Revenue Guidance for Fiscal Year 2023Dr. Martens plc provided revenue guidance for fiscal year 2023. For the period, revenue growth for the revenue on an actual currency basis will now be 11%-13% (4-6% CC).
Buying Opportunity • Jan 14Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be €2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last year. Earnings per share has grown by 233%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 15% in the next 2 years.
Upcoming Dividend • Dec 29Upcoming dividend of UK£0.016 per shareEligible shareholders must have bought the stock before 05 January 2023. Payment date: 03 February 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.2%).
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Luxury industry in Germany. Total loss to shareholders of 50% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.72 per share.
Reported Earnings • Nov 25First half 2023 earnings released: EPS: UK£0.045 (vs UK£0.049 in 1H 2022)First half 2023 results: EPS: UK£0.045 (down from UK£0.049 in 1H 2022). Revenue: UK£418.6m (up 13% from 1H 2022). Net income: UK£44.7m (down 8.0% from 1H 2022). Profit margin: 11% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Germany.
お知らせ • Nov 24+ 1 more updateDr. Martens plc Provides Earnings Guidance for the Year 2022Dr. Martens plc provided earnings guidance for the year 2022. The company maintaining revenue guidance of high-teens growth for the full year, on an actual currency basis.
Board Change • Nov 16High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO & Director Kenny Wilson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to €2.74, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Luxury industry in Germany. Total loss to shareholders of 34% over the past year.
お知らせ • Jul 14Dr. Martens plc to Report Fiscal Year 2023 Results on Jun 01, 2023Dr. Martens plc announced that they will report fiscal year 2023 results on Jun 01, 2023
Reported Earnings • Jun 02Full year 2022 earnings released: EPS: UK£0.18 (vs UK£0.036 in FY 2021)Full year 2022 results: EPS: UK£0.18 (up from UK£0.036 in FY 2021). Revenue: UK£908.3m (up 18% from FY 2021). Net income: UK£181.2m (up 408% from FY 2021). Profit margin: 20% (up from 4.6% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the industry in Germany.
お知らせ • Jun 02+ 1 more updateDr. Martens plc Provides Revenue Guidance for the Full Year 2023Dr. Martens plc provided revenue guidance for the full year 2023. For the year, The company expects high-teens revenue growth, with the upgrade to guidance the result of the price increases which take effect from AW22 and expectations for volume growth remaining unchanged.
お知らせ • Jun 01+ 1 more updateDr. Martens plc to Report First Half, 2023 Results on Nov 24, 2022Dr. Martens plc announced that they will report first half, 2023 results on Nov 24, 2022
Board Change • Apr 27High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO & Director Kenny Wilson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €2.71, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Luxury industry in Europe. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €4.56 per share.
Recent Insider Transactions • Feb 02Independent Non-Executive Director recently bought €54k worth of stockOn the 31st of January, Robyn Perriss bought around 15k shares on-market at roughly €3.63 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €184k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €3.51, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Luxury industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €4.58 per share.
Buying Opportunity • Jan 25Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be UK£4.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has declined by 39% over the last year.
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €4.32, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Luxury industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €4.67 per share.
お知らせ • Jan 07+ 1 more updateAn unknown buyer acquired 6.5% stake in Dr. Martens plc (LSE:DOCS) from Ingrelux S.ÀR.L.An unknown buyer acquired 6.5% stake in Dr. Martens plc (LSE:DOCS) from Ingrelux S.ÀR.L. for approximately £260 million on January 6, 2022. Ingrelux S.ÀR.L. still owns over 364mln shares, representing around a 36.4% holding. An unknown buyer completed the acquisition of a 6.5% stake in Dr. Martens plc (LSE:DOCS) from Ingrelux S.ÀR.L. for approximately £260 million on January 6, 2022. Ingrelux S.ÀR.L. still owns over 364mln shares, representing around a 36.4% holding.
Reported Earnings • Dec 11First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: UK£0.049 (up from UK£0.03 in 1H 2021). Revenue: UK£369.9m (up 16% from 1H 2021). Net income: UK£48.6m (up 65% from 1H 2021). Profit margin: 13% (up from 9.3% in 1H 2021). Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 20%, compared to a 4.7% growth forecast for the industry in Germany.
Board Change • Oct 26High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. CEO & Director Kenny Wilson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Jun 22Independent Non-Executive Director recently bought €97k worth of stockOn the 21st of June, Robyn Perriss bought around 20k shares on-market at roughly €4.86 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Reported Earnings • Jun 19Full year 2021 earnings released: EPS UK£0.036 (vs UK£7.48 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: UK£773.0m (up 15% from FY 2020). Net income: UK£35.7m (down 52% from FY 2020). Profit margin: 4.6% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses.