View Future GrowthDelticom 過去の業績過去 基準チェック /36Delticomの収益は年間平均-21.9%の割合で減少していますが、 Specialty Retail業界の収益は年間 減少しています。収益は年間3.2% 3.5%割合で 減少しています。 Delticomの自己資本利益率は7.5%であり、純利益率は0.8%です。主要情報-21.85%収益成長率-25.62%EPS成長率Specialty Retail 業界の成長4.13%収益成長率-3.51%株主資本利益率7.51%ネット・マージン0.84%次回の業績アップデート13 Aug 2026最近の業績更新Reported Earnings • Mar 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €0.28 (up from €0.27 in FY 2024). Revenue: €504.0m (up 4.6% from FY 2024). Net income: €4.08m (up 1.0% from FY 2024). Profit margin: 0.8% (in line with FY 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 19+ 3 more updatesDelticom AG to Report Fiscal Year 2025 Results on Mar 26, 2026Delticom AG announced that they will report fiscal year 2025 results at 2:30 PM, Central European Standard Time on Mar 26, 2026分析記事 • Aug 21There May Be Some Bright Spots In Delticom's (ETR:DEX) EarningsThe market was pleased with the recent earnings report from Delticom AG ( ETR:DEX ), despite the profit numbers being...Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: €0.27 (down from €0.54 in FY 2023). Revenue: €507.1m (up 6.6% from FY 2023). Net income: €4.04m (down 50% from FY 2023). Profit margin: 0.8% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year.お知らせ • Dec 06+ 3 more updatesDelticom AG to Report First Half, 2025 Results on Aug 14, 2025Delticom AG announced that they will report first half, 2025 results on Aug 14, 2025Reported Earnings • Aug 19First half 2024 earnings released: EPS: €0.004 (vs €0.10 in 1H 2023)First half 2024 results: EPS: €0.004 (down from €0.10 in 1H 2023). Revenue: €212.0m (up 7.2% from 1H 2023). Net income: €61.0k (down 96% from 1H 2023). Profit margin: 0% (down from 0.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.すべての更新を表示Recent updatesBuy Or Sell Opportunity • May 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €2.68. The fair value is estimated to be €2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.Buy Or Sell Opportunity • Apr 08Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to €2.68. The fair value is estimated to be €2.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are forecast to decline by 2.5% per annum over the same time period.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 10%After last week's 10% share price gain to €2.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.22 per share.New Risk • Apr 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% 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 Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€33.4m market cap, or US$38.5m).Declared Dividend • Mar 30Dividend of €0.12 announcedDividend of €0.12 is the same as last year. Ex-date: 8th July 2026 Payment date: 10th July 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 28Delticom AG announces Annual dividend, payable on July 10, 2026Delticom AG announced Annual dividend of EUR 0.1200 per share payable on July 10, 2026, ex-date on July 08, 2026 and record date on July 09, 2026.Reported Earnings • Mar 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €0.28 (up from €0.27 in FY 2024). Revenue: €504.0m (up 4.6% from FY 2024). Net income: €4.08m (up 1.0% from FY 2024). Profit margin: 0.8% (in line with FY 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). 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 (0.4% net profit margin). Market cap is less than US$100m (€38.1m market cap, or US$45.1m).Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €2.68, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 24% over the past three years.分析記事 • Jan 07Investors Will Want Delticom's (ETR:DEX) Growth In ROCE To PersistTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...お知らせ • Dec 19+ 3 more updatesDelticom AG to Report Fiscal Year 2025 Results on Mar 26, 2026Delticom AG announced that they will report fiscal year 2025 results at 2:30 PM, Central European Standard Time on Mar 26, 2026分析記事 • Nov 15Take Care Before Diving Into The Deep End On Delticom AG (ETR:DEX)Delticom AG's ( ETR:DEX ) price-to-earnings (or "P/E") ratio of 12.9x might make it look like a buy right now compared...分析記事 • Aug 21There May Be Some Bright Spots In Delticom's (ETR:DEX) EarningsThe market was pleased with the recent earnings report from Delticom AG ( ETR:DEX ), despite the profit numbers being...New Risk • Aug 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks 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 (0.4% net profit margin). Market cap is less than US$100m (€35.2m market cap, or US$41.2m).Upcoming Dividend • Jul 03Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 14 July 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.9%).お知らせ • May 29Delticom AG, Annual General Meeting, Jul 09, 2025Delticom AG, Annual General Meeting, Jul 09, 2025, at 11:00 W. Europe Standard Time.Major Estimate Revision • May 25Consensus EPS estimates increase by 29%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.21 to €0.27. Revenue forecast unchanged at €486.5m. Net income forecast to grow 0.3% next year vs 29% growth forecast for Specialty Retail industry in Germany. Consensus price target broadly unchanged at €4.60. Share price rose 2.6% to €2.36 over the past week.Price Target Changed • Apr 08Price target decreased by 8.1% to €4.55Down from €4.95, the current price target is an average from 2 analysts. New target price is 106% above last closing price of €2.21. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.27 last year.Major Estimate Revision • Apr 03Consensus EPS estimates fall by 31%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €474.7m to €480.8m. EPS estimate fell from €0.435 to €0.30 per share. Net income forecast to grow 11% next year vs 36% growth forecast for Specialty Retail industry in Germany. Consensus price target down from €4.95 to €4.80. Share price fell 12% to €2.20 over the past week.New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (€33.3m market cap, or US$36.0m).お知らせ • Mar 31Delticom AG announces Annual dividend, payable on July 14, 2025Delticom AG announced Annual dividend of EUR 0.1200 per share payable on July 14, 2025, ex-date on July 10, 2025 and record date on July 11, 2025.Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: €0.27 (down from €0.54 in FY 2023). Revenue: €507.1m (up 6.6% from FY 2023). Net income: €4.04m (down 50% from FY 2023). Profit margin: 0.8% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year.New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€31.7m market cap, or US$32.9m).New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€34.3m market cap, or US$36.0m).分析記事 • Jan 09Delticom AG's (ETR:DEX) Low P/E No Reason For ExcitementWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") above 17x, you may consider...お知らせ • Dec 06+ 3 more updatesDelticom AG to Report First Half, 2025 Results on Aug 14, 2025Delticom AG announced that they will report first half, 2025 results on Aug 14, 2025分析記事 • Sep 19Delticom AG's (ETR:DEX) Shares Lagging The Market But So Is The BusinessWith a price-to-earnings (or "P/E") ratio of 5.7x Delticom AG ( ETR:DEX ) may be sending very bullish signals at the...Major Estimate Revision • Aug 29Consensus EPS estimates fall by 34%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.355 to €0.235. Revenue forecast unchanged from €462.2m at last update. Net income forecast to shrink 24% next year vs 37% growth forecast for Specialty Retail industry in Germany . Consensus price target of €4.95 unchanged from last update. Share price rose 8.5% to €2.56 over the past week.Reported Earnings • Aug 19First half 2024 earnings released: EPS: €0.004 (vs €0.10 in 1H 2023)First half 2024 results: EPS: €0.004 (down from €0.10 in 1H 2023). Revenue: €212.0m (up 7.2% from 1H 2023). Net income: €61.0k (down 96% from 1H 2023). Profit margin: 0% (down from 0.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.New Risk • Aug 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (€31.1m market cap, or US$34.3m).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total loss to shareholders of 77% over the past three years.分析記事 • Aug 03Delticom (ETR:DEX) Is Experiencing Growth In Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...分析記事 • May 04Delticom AG (ETR:DEX) Surges 29% Yet Its Low P/E Is No Reason For ExcitementDelticom AG ( ETR:DEX ) shares have had a really impressive month, gaining 29% after a shaky period beforehand. Looking...Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €3.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total loss to shareholders of 63% over the past three years.分析記事 • Apr 26Delticom's (ETR:DEX) Earnings Seem To Be PromisingInvestors signalled that they were pleased with Delticom AG's ( ETR:DEX ) most recent earnings report. This reaction by...New Risk • Apr 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 31% 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 Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks High level of debt (101% net debt to equity). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (€38.3m market cap, or US$40.8m).分析記事 • Apr 10Is Now The Time To Look At Buying Delticom AG (ETR:DEX)?While Delticom AG ( ETR:DEX ) might not have the largest market cap around , it saw significant share price movement...New Risk • Feb 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€34.7m market cap, or US$37.7m).Price Target Changed • Jan 30Price target increased by 11% to €3.20Up from €2.89, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €2.36. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of €0.54 for next year compared to €0.19 last year.New Risk • Jan 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€37.2m market cap, or US$40.4m).Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €2.51, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Specialty Retail industry in Europe. Total loss to shareholders of 63% over the past three years.お知らせ • Dec 20+ 4 more updatesDelticom AG to Report Q1, 2024 Results on May 13, 2024Delticom AG announced that they will report Q1, 2024 results on May 13, 2024分析記事 • Nov 13Is Delticom (ETR:DEX) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Nov 07Delticom AG to Report Q3, 2023 Results on Nov 09, 2023Delticom AG announced that they will report Q3, 2023 results on Nov 09, 2023分析記事 • Aug 17At €2.18, Is Delticom AG (ETR:DEX) Worth Looking At Closely?Delticom AG ( ETR:DEX ), is not the largest company out there, but it received a lot of attention from a substantial...New Risk • Aug 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€31.1m market cap, or US$34.1m).お知らせ • Jun 27Delticom Ag Announces Executive ChangesDelticom AG and Alexander Eichler, Delticom AG's Chief Logistics Officer, have agreed by mutual consent that Mr. Eichler will resign from his position as a member of Delticom AG's Management Board on June 30, 2023. Following the reorganisation of the company and the successful establishment of a decentralised warehouse infrastructure, Mr. Eichler would like to reorientate himself professionally from the summer onwards. Mr. Eichler has successfully contributed his many years of expertise in process and quality management to the Delticom Group, not only in warehouse and transport logistics, but also in the area of service provider management. After Alexander Eichler's withdrawal, Philip von Grolman and Andreas Prüfer will initially take over responsibility for these areas. The Supervisory Board will now examine whether Mr. Eichler's position on the Management Board should be filled or whether the expanded management circle - about which CEO Andreas Prüfer already reported at the Annual General Meeting.お知らせ • Jun 22Delticom AG Provides Revenue Guidance for the Year 2023Delticom AG provided revenue guidance for the year 2023. For the year, the management continues to expect revenues in a range between EUR 500 million and EUR 534 million.Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.98, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total loss to shareholders of 26% over the past three years.お知らせ • May 13Delticom AG Confirms revenue Forecast for the Financial Year 2023Delticom AG confirmed its forecast for the 2023 financial year. The company expects full-year revenues to range between EUR 500 million and EUR 534 million.Reported Earnings • Apr 02Full year 2022 earnings: EPS in line with analyst expectations despite revenue beatFull year 2022 results: EPS: €0.19 (down from €0.49 in FY 2021). Revenue: €542.9m (down 7.3% from FY 2021). Net income: €2.81m (down 58% from FY 2021). Profit margin: 0.5% (down from 1.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.分析記事 • Mar 29Delticom (ETR:DEX) Is Reinvesting At Lower Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...お知らせ • Jan 06+ 2 more updatesDelticom AG to Report First Half, 2023 Results on Aug 10, 2023Delticom AG announced that they will report first half, 2023 results on Aug 10, 2023分析記事 • Dec 06Is Delticom (ETR:DEX) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.07, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Online Retail industry in Europe. Total loss to shareholders of 46% over the past three years.Major Estimate Revision • Nov 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.28 to €0.19. Revenue forecast unchanged from €490.0m at last update. Net income forecast to shrink 62% next year vs 2.7% decline forecast for Online Retail industry in Germany. Consensus price target down from €6.90 to €3.50. Share price rose 3.8% to €1.89 over the past week.Price Target Changed • Nov 16Price target decreased to €3.50Down from €8.50, the current price target is provided by 1 analyst. New target price is 82% above last closing price of €1.92. Stock is down 73% over the past year. The company is forecast to post earnings per share of €0.28 for next year compared to €0.49 last year.分析記事 • Nov 02Capital Allocation Trends At Delticom (ETR:DEX) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...分析記事 • Sep 29Is There Now An Opportunity In Delticom AG (ETR:DEX)?Delticom AG ( ETR:DEX ), might not be a large cap stock, but it saw significant share price movement during recent...分析記事 • Aug 16Delticom (ETR:DEX) Seems To Be Using A Lot Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Aug 15First half 2022 earnings released: EPS: €0.19 (vs €0.078 in 1H 2021)First half 2022 results: EPS: €0.19 (up from €0.078 in 1H 2021). Revenue: €238.9m (down 4.1% from 1H 2021). Net income: €2.84m (up 188% from 1H 2021). Profit margin: 1.2% (up from 0.4% in 1H 2021). Over the next year, revenue is expected to shrink by 10% compared to a 34% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Aug 13Delticom AG Provides Earnings Guidance for the Full Year 2022Delticom AG provided earnings guidance for the full year 2022. For the period, the company expects revenues in a range of EUR 480 million to EUR 520 million.分析記事 • Jul 21Delticom's (ETR:DEX) Returns On Capital Not Reflecting Well On The BusinessTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...お知らせ • Jul 16Delticom AG Appoints Johannes Schmidt-Schultes as Group Chief Financial Officer, Effective September 01, 2022The Supervisory Board of Delticom AG has appointed Dr. Johannes Schmidt-Schultes as Group Chief Financial Officer (CFO) of the company with effect from September 01, 2022. Dr. Schmidt-Schultes has over 20 years of professional experience as Managing Director Finance and Chief Financial Officer: After having worked for Klöckner & Co and the Deutsche Telekom Group, he has held Group CFO positions since 2007 in various international companies, some of which are listed in the stock exchange, including Semperit, Apleona, Esprit and BMI Group. Most recently, he was Managing Director of the German office of THM Partners LLP. Dr. Schmidt-Schultes is an experienced leader with a focus on performance management, efficiency enhancement, structure and process optimisation as well as transparency and complexity reduction. He thus brings to Delticom AG not only his wide range of practical, multinational and cross-cultural management experience in various industries and countries, but also his expertise in the fields of corporate development and change management. The Supervisory Board has thus successfully completed the process of filling the vacancy and is now looking forward to working with Dr. Schmidt-Schultes as a member of Delticom AG's Management Board.お知らせ • May 12Delticom AG Provides Financial Guidance for the Full Year 2022Delticom AG provided financial guidance for the full year 2022. The provided outlook for the full year 2022 in terms of revenues in a range of EUR 480 million to EUR 520 million.分析記事 • May 12Delticom (ETR:DEX) Has A Somewhat Strained Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • May 10Delticom AG to Report Q1, 2022 Results on May 10, 2022Delticom AG announced that they will report Q1, 2022 results on May 10, 2022Price Target Changed • Apr 27Price target decreased to €8.50Down from €16.00, the current price target is provided by 1 analyst. New target price is 150% above last closing price of €3.40. Stock is down 57% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.49 last year.Major Estimate Revision • Mar 31Consensus revenue estimates fall by 20%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €610.9m to €490.0m. EPS estimate fell from €0.48 to €0.10 per share. Net income forecast to shrink 78% next year vs 7.8% growth forecast for Online Retail industry in Germany . Consensus price target down from €16.00 to €8.50. Share price fell 9.9% to €3.56 over the past week.分析記事 • Mar 30One Delticom AG (ETR:DEX) Analyst Is Reducing Their Forecasts For This YearThe latest analyst coverage could presage a bad day for Delticom AG ( ETR:DEX ), with the covering analyst making...分析記事 • Mar 28Delticom (ETR:DEX) Has Some Way To Go To Become A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €3.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 37% over the past three years.分析記事 • Feb 24Why Delticom AG (ETR:DEX) Could Be Worth WatchingDelticom AG ( ETR:DEX ), might not be a large cap stock, but it saw significant share price movement during recent...分析記事 • Nov 09The Returns On Capital At Delticom (ETR:DEX) Don't Inspire ConfidenceWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...Valuation Update With 7 Day Price Move • Nov 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €7.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Online Retail industry in Germany. Total loss to shareholders of 8.7% over the past three years.Reported Earnings • Aug 18First half 2021 earnings released: EPS €0.078 (vs €0.48 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €249.3m (up 4.7% from 1H 2020). Net income: €986.0k (up €6.92m from 1H 2020). Profit margin: 0.4% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Aug 13Delticom AG Provides Earnings Guidance for the Full Year of 2021Delticom AG provided earnings guidance for the full year of 2021. For the year, the company expects consolidated revenues to be in the range of EUR 550 million to EUR 590 million.Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.72, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 69x in the Online Retail industry in Germany. Total returns to shareholders of 1.9% over the past three years.分析記事 • May 06Is Delticom (ETR:DEX) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • May 01Delticom AG Reiterates Earnings Guidance for the Full Year 2021Delticom AG reiterated earnings guidance for the full year 2021. The provided outlook for the full year 2021 in terms of revenues in a range of €550 to €590 million.分析記事 • Mar 31Delticom (ETR:DEX) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereDespite posting healthy earnings, Delticom AG's ( ETR:DEX ) stock has been quite weak. Along with the solid headline...お知らせ • Mar 28Delticom AG Provides Earnings Guidance for the Fiscal Year 2021Delticom AG provided earnings guidance for the fiscal year 2021. For the current fiscal year 2021, the company expects total annual revenues in a range between EUR 550 million and EUR 590 million.お知らせ • Mar 19Delticom AG to Report Fiscal Year 2020 Results on Mar 26, 2021Delticom AG announced that they will report fiscal year 2020 results on Mar 26, 2021Is New 90 Day High Low • Mar 03New 90-day high: €8.88The company is up 45% from its price of €6.12 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 15% over the same period.Executive Departure • Mar 03Member of Management Board & Chief Performance Manager has left the companyOn the 28th of February, Harald Blania's tenure as Member of Management Board & Chief Performance Manager ended after less than a year in the role. We don't have any record of a personal shareholding under Harald's name. A total of 2 executives have left over the last 12 months.Is New 90 Day High Low • Feb 03New 90-day high: €7.88The company is up 141% from its price of €3.27 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 25% over the same period.収支内訳Delticom の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史XTRA:DEX 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 25484428030 Sep 25495329030 Jun 25506230031 Mar 25494330031 Dec 24482431030 Sep 24486531030 Jun 24490732031 Mar 24483732031 Dec 23476833030 Sep 23481532030 Jun 23487232031 Mar 23498232031 Dec 22509332030 Sep 22533633030 Jun 22556934031 Mar 22571835031 Dec 21585737030 Sep 215691037030 Jun 215521438031 Mar 215471038031 Dec 20541738030 Sep 20560-1543030 Jun 20579-3747031 Mar 20602-3851031 Dec 19626-3954030 Sep 19633-2653030 Jun 19640-1155031 Mar 19643-652031 Dec 18646-149030 Sep 18653146030 Jun 18661343031 Mar 18664242031 Dec 17668142030 Sep 17648340030 Jun 17629537031 Mar 17618537031 Dec 16607536030 Sep 16646640030 Jun 16585439031 Mar 16586538031 Dec 15560337030 Sep 15542436030 Jun 155264360質の高い収益: DEXは 高品質の収益 を持っています。利益率の向上: DEXの現在の純利益率 (0.8%)は、昨年(0.8%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: DEXの収益は過去 5 年間で年間21.9%減少しました。成長の加速: DEXの過去 1 年間の収益成長率 ( 1% ) は、5 年間の平均 ( 年間-21.9%を上回っています。収益対業界: DEXの過去 1 年間の収益成長率 ( 1% ) Specialty Retail業界12.4%を上回りませんでした。株主資本利益率高いROE: DEXの 自己資本利益率 ( 7.5% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health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2026/05/21 23:15終値2026/05/21 00:00収益2025/12/31年間収益2025/12/31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Delticom AG 2 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。11 アナリスト機関Lars DannenbergBerenbergAndreas InderstBNP ParibasTim RokossaDeutsche Bank8 その他のアナリストを表示
Reported Earnings • Mar 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €0.28 (up from €0.27 in FY 2024). Revenue: €504.0m (up 4.6% from FY 2024). Net income: €4.08m (up 1.0% from FY 2024). Profit margin: 0.8% (in line with FY 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 19+ 3 more updatesDelticom AG to Report Fiscal Year 2025 Results on Mar 26, 2026Delticom AG announced that they will report fiscal year 2025 results at 2:30 PM, Central European Standard Time on Mar 26, 2026
分析記事 • Aug 21There May Be Some Bright Spots In Delticom's (ETR:DEX) EarningsThe market was pleased with the recent earnings report from Delticom AG ( ETR:DEX ), despite the profit numbers being...
Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: €0.27 (down from €0.54 in FY 2023). Revenue: €507.1m (up 6.6% from FY 2023). Net income: €4.04m (down 50% from FY 2023). Profit margin: 0.8% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year.
お知らせ • Dec 06+ 3 more updatesDelticom AG to Report First Half, 2025 Results on Aug 14, 2025Delticom AG announced that they will report first half, 2025 results on Aug 14, 2025
Reported Earnings • Aug 19First half 2024 earnings released: EPS: €0.004 (vs €0.10 in 1H 2023)First half 2024 results: EPS: €0.004 (down from €0.10 in 1H 2023). Revenue: €212.0m (up 7.2% from 1H 2023). Net income: €61.0k (down 96% from 1H 2023). Profit margin: 0% (down from 0.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.
Buy Or Sell Opportunity • May 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 12% to €2.68. The fair value is estimated to be €2.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period.
Buy Or Sell Opportunity • Apr 08Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to €2.68. The fair value is estimated to be €2.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are forecast to decline by 2.5% per annum over the same time period.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment improves as stock rises 10%After last week's 10% share price gain to €2.36, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.22 per share.
New Risk • Apr 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% 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 Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€33.4m market cap, or US$38.5m).
Declared Dividend • Mar 30Dividend of €0.12 announcedDividend of €0.12 is the same as last year. Ex-date: 8th July 2026 Payment date: 10th July 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 54% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 28Delticom AG announces Annual dividend, payable on July 10, 2026Delticom AG announced Annual dividend of EUR 0.1200 per share payable on July 10, 2026, ex-date on July 08, 2026 and record date on July 09, 2026.
Reported Earnings • Mar 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: €0.28 (up from €0.27 in FY 2024). Revenue: €504.0m (up 4.6% from FY 2024). Net income: €4.08m (up 1.0% from FY 2024). Profit margin: 0.8% (in line with FY 2024). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (3.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). 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 (0.4% net profit margin). Market cap is less than US$100m (€38.1m market cap, or US$45.1m).
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €2.68, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 24% over the past three years.
分析記事 • Jan 07Investors Will Want Delticom's (ETR:DEX) Growth In ROCE To PersistTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
お知らせ • Dec 19+ 3 more updatesDelticom AG to Report Fiscal Year 2025 Results on Mar 26, 2026Delticom AG announced that they will report fiscal year 2025 results at 2:30 PM, Central European Standard Time on Mar 26, 2026
分析記事 • Nov 15Take Care Before Diving Into The Deep End On Delticom AG (ETR:DEX)Delticom AG's ( ETR:DEX ) price-to-earnings (or "P/E") ratio of 12.9x might make it look like a buy right now compared...
分析記事 • Aug 21There May Be Some Bright Spots In Delticom's (ETR:DEX) EarningsThe market was pleased with the recent earnings report from Delticom AG ( ETR:DEX ), despite the profit numbers being...
New Risk • Aug 18New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks 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 (0.4% net profit margin). Market cap is less than US$100m (€35.2m market cap, or US$41.2m).
Upcoming Dividend • Jul 03Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 10 July 2025. Payment date: 14 July 2025. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.9%).
お知らせ • May 29Delticom AG, Annual General Meeting, Jul 09, 2025Delticom AG, Annual General Meeting, Jul 09, 2025, at 11:00 W. Europe Standard Time.
Major Estimate Revision • May 25Consensus EPS estimates increase by 29%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.21 to €0.27. Revenue forecast unchanged at €486.5m. Net income forecast to grow 0.3% next year vs 29% growth forecast for Specialty Retail industry in Germany. Consensus price target broadly unchanged at €4.60. Share price rose 2.6% to €2.36 over the past week.
Price Target Changed • Apr 08Price target decreased by 8.1% to €4.55Down from €4.95, the current price target is an average from 2 analysts. New target price is 106% above last closing price of €2.21. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.27 last year.
Major Estimate Revision • Apr 03Consensus EPS estimates fall by 31%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €474.7m to €480.8m. EPS estimate fell from €0.435 to €0.30 per share. Net income forecast to grow 11% next year vs 36% growth forecast for Specialty Retail industry in Germany. Consensus price target down from €4.95 to €4.80. Share price fell 12% to €2.20 over the past week.
New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (€33.3m market cap, or US$36.0m).
お知らせ • Mar 31Delticom AG announces Annual dividend, payable on July 14, 2025Delticom AG announced Annual dividend of EUR 0.1200 per share payable on July 14, 2025, ex-date on July 10, 2025 and record date on July 11, 2025.
Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: €0.27 (down from €0.54 in FY 2023). Revenue: €507.1m (up 6.6% from FY 2023). Net income: €4.04m (down 50% from FY 2023). Profit margin: 0.8% (down from 1.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year.
New Risk • Mar 02New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€31.7m market cap, or US$32.9m).
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€34.3m market cap, or US$36.0m).
分析記事 • Jan 09Delticom AG's (ETR:DEX) Low P/E No Reason For ExcitementWhen close to half the companies in Germany have price-to-earnings ratios (or "P/E's") above 17x, you may consider...
お知らせ • Dec 06+ 3 more updatesDelticom AG to Report First Half, 2025 Results on Aug 14, 2025Delticom AG announced that they will report first half, 2025 results on Aug 14, 2025
分析記事 • Sep 19Delticom AG's (ETR:DEX) Shares Lagging The Market But So Is The BusinessWith a price-to-earnings (or "P/E") ratio of 5.7x Delticom AG ( ETR:DEX ) may be sending very bullish signals at the...
Major Estimate Revision • Aug 29Consensus EPS estimates fall by 34%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.355 to €0.235. Revenue forecast unchanged from €462.2m at last update. Net income forecast to shrink 24% next year vs 37% growth forecast for Specialty Retail industry in Germany . Consensus price target of €4.95 unchanged from last update. Share price rose 8.5% to €2.56 over the past week.
Reported Earnings • Aug 19First half 2024 earnings released: EPS: €0.004 (vs €0.10 in 1H 2023)First half 2024 results: EPS: €0.004 (down from €0.10 in 1H 2023). Revenue: €212.0m (up 7.2% from 1H 2023). Net income: €61.0k (down 96% from 1H 2023). Profit margin: 0% (down from 0.8% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.
New Risk • Aug 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (€31.1m market cap, or US$34.3m).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total loss to shareholders of 77% over the past three years.
分析記事 • Aug 03Delticom (ETR:DEX) Is Experiencing Growth In Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
分析記事 • May 04Delticom AG (ETR:DEX) Surges 29% Yet Its Low P/E Is No Reason For ExcitementDelticom AG ( ETR:DEX ) shares have had a really impressive month, gaining 29% after a shaky period beforehand. Looking...
Valuation Update With 7 Day Price Move • May 03Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €3.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total loss to shareholders of 63% over the past three years.
分析記事 • Apr 26Delticom's (ETR:DEX) Earnings Seem To Be PromisingInvestors signalled that they were pleased with Delticom AG's ( ETR:DEX ) most recent earnings report. This reaction by...
New Risk • Apr 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 31% 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 Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks High level of debt (101% net debt to equity). Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (€38.3m market cap, or US$40.8m).
分析記事 • Apr 10Is Now The Time To Look At Buying Delticom AG (ETR:DEX)?While Delticom AG ( ETR:DEX ) might not have the largest market cap around , it saw significant share price movement...
New Risk • Feb 26New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€34.7m market cap, or US$37.7m).
Price Target Changed • Jan 30Price target increased by 11% to €3.20Up from €2.89, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €2.36. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of €0.54 for next year compared to €0.19 last year.
New Risk • Jan 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€37.2m market cap, or US$40.4m).
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €2.51, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Specialty Retail industry in Europe. Total loss to shareholders of 63% over the past three years.
お知らせ • Dec 20+ 4 more updatesDelticom AG to Report Q1, 2024 Results on May 13, 2024Delticom AG announced that they will report Q1, 2024 results on May 13, 2024
分析記事 • Nov 13Is Delticom (ETR:DEX) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Nov 07Delticom AG to Report Q3, 2023 Results on Nov 09, 2023Delticom AG announced that they will report Q3, 2023 results on Nov 09, 2023
分析記事 • Aug 17At €2.18, Is Delticom AG (ETR:DEX) Worth Looking At Closely?Delticom AG ( ETR:DEX ), is not the largest company out there, but it received a lot of attention from a substantial...
New Risk • Aug 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€31.1m market cap, or US$34.1m).
お知らせ • Jun 27Delticom Ag Announces Executive ChangesDelticom AG and Alexander Eichler, Delticom AG's Chief Logistics Officer, have agreed by mutual consent that Mr. Eichler will resign from his position as a member of Delticom AG's Management Board on June 30, 2023. Following the reorganisation of the company and the successful establishment of a decentralised warehouse infrastructure, Mr. Eichler would like to reorientate himself professionally from the summer onwards. Mr. Eichler has successfully contributed his many years of expertise in process and quality management to the Delticom Group, not only in warehouse and transport logistics, but also in the area of service provider management. After Alexander Eichler's withdrawal, Philip von Grolman and Andreas Prüfer will initially take over responsibility for these areas. The Supervisory Board will now examine whether Mr. Eichler's position on the Management Board should be filled or whether the expanded management circle - about which CEO Andreas Prüfer already reported at the Annual General Meeting.
お知らせ • Jun 22Delticom AG Provides Revenue Guidance for the Year 2023Delticom AG provided revenue guidance for the year 2023. For the year, the management continues to expect revenues in a range between EUR 500 million and EUR 534 million.
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.98, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total loss to shareholders of 26% over the past three years.
お知らせ • May 13Delticom AG Confirms revenue Forecast for the Financial Year 2023Delticom AG confirmed its forecast for the 2023 financial year. The company expects full-year revenues to range between EUR 500 million and EUR 534 million.
Reported Earnings • Apr 02Full year 2022 earnings: EPS in line with analyst expectations despite revenue beatFull year 2022 results: EPS: €0.19 (down from €0.49 in FY 2021). Revenue: €542.9m (down 7.3% from FY 2021). Net income: €2.81m (down 58% from FY 2021). Profit margin: 0.5% (down from 1.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
分析記事 • Mar 29Delticom (ETR:DEX) Is Reinvesting At Lower Rates Of ReturnTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
お知らせ • Jan 06+ 2 more updatesDelticom AG to Report First Half, 2023 Results on Aug 10, 2023Delticom AG announced that they will report first half, 2023 results on Aug 10, 2023
分析記事 • Dec 06Is Delticom (ETR:DEX) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.07, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Online Retail industry in Europe. Total loss to shareholders of 46% over the past three years.
Major Estimate Revision • Nov 17Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.28 to €0.19. Revenue forecast unchanged from €490.0m at last update. Net income forecast to shrink 62% next year vs 2.7% decline forecast for Online Retail industry in Germany. Consensus price target down from €6.90 to €3.50. Share price rose 3.8% to €1.89 over the past week.
Price Target Changed • Nov 16Price target decreased to €3.50Down from €8.50, the current price target is provided by 1 analyst. New target price is 82% above last closing price of €1.92. Stock is down 73% over the past year. The company is forecast to post earnings per share of €0.28 for next year compared to €0.49 last year.
分析記事 • Nov 02Capital Allocation Trends At Delticom (ETR:DEX) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
分析記事 • Sep 29Is There Now An Opportunity In Delticom AG (ETR:DEX)?Delticom AG ( ETR:DEX ), might not be a large cap stock, but it saw significant share price movement during recent...
分析記事 • Aug 16Delticom (ETR:DEX) Seems To Be Using A Lot Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Aug 15First half 2022 earnings released: EPS: €0.19 (vs €0.078 in 1H 2021)First half 2022 results: EPS: €0.19 (up from €0.078 in 1H 2021). Revenue: €238.9m (down 4.1% from 1H 2021). Net income: €2.84m (up 188% from 1H 2021). Profit margin: 1.2% (up from 0.4% in 1H 2021). Over the next year, revenue is expected to shrink by 10% compared to a 34% growth forecast for the Online Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Aug 13Delticom AG Provides Earnings Guidance for the Full Year 2022Delticom AG provided earnings guidance for the full year 2022. For the period, the company expects revenues in a range of EUR 480 million to EUR 520 million.
分析記事 • Jul 21Delticom's (ETR:DEX) Returns On Capital Not Reflecting Well On The BusinessTo find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...
お知らせ • Jul 16Delticom AG Appoints Johannes Schmidt-Schultes as Group Chief Financial Officer, Effective September 01, 2022The Supervisory Board of Delticom AG has appointed Dr. Johannes Schmidt-Schultes as Group Chief Financial Officer (CFO) of the company with effect from September 01, 2022. Dr. Schmidt-Schultes has over 20 years of professional experience as Managing Director Finance and Chief Financial Officer: After having worked for Klöckner & Co and the Deutsche Telekom Group, he has held Group CFO positions since 2007 in various international companies, some of which are listed in the stock exchange, including Semperit, Apleona, Esprit and BMI Group. Most recently, he was Managing Director of the German office of THM Partners LLP. Dr. Schmidt-Schultes is an experienced leader with a focus on performance management, efficiency enhancement, structure and process optimisation as well as transparency and complexity reduction. He thus brings to Delticom AG not only his wide range of practical, multinational and cross-cultural management experience in various industries and countries, but also his expertise in the fields of corporate development and change management. The Supervisory Board has thus successfully completed the process of filling the vacancy and is now looking forward to working with Dr. Schmidt-Schultes as a member of Delticom AG's Management Board.
お知らせ • May 12Delticom AG Provides Financial Guidance for the Full Year 2022Delticom AG provided financial guidance for the full year 2022. The provided outlook for the full year 2022 in terms of revenues in a range of EUR 480 million to EUR 520 million.
分析記事 • May 12Delticom (ETR:DEX) Has A Somewhat Strained Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • May 10Delticom AG to Report Q1, 2022 Results on May 10, 2022Delticom AG announced that they will report Q1, 2022 results on May 10, 2022
Price Target Changed • Apr 27Price target decreased to €8.50Down from €16.00, the current price target is provided by 1 analyst. New target price is 150% above last closing price of €3.40. Stock is down 57% over the past year. The company is forecast to post earnings per share of €0.10 for next year compared to €0.49 last year.
Major Estimate Revision • Mar 31Consensus revenue estimates fall by 20%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €610.9m to €490.0m. EPS estimate fell from €0.48 to €0.10 per share. Net income forecast to shrink 78% next year vs 7.8% growth forecast for Online Retail industry in Germany . Consensus price target down from €16.00 to €8.50. Share price fell 9.9% to €3.56 over the past week.
分析記事 • Mar 30One Delticom AG (ETR:DEX) Analyst Is Reducing Their Forecasts For This YearThe latest analyst coverage could presage a bad day for Delticom AG ( ETR:DEX ), with the covering analyst making...
分析記事 • Mar 28Delticom (ETR:DEX) Has Some Way To Go To Become A Multi-BaggerIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorated over the past weekAfter last week's 23% share price decline to €3.95, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 37% over the past three years.
分析記事 • Feb 24Why Delticom AG (ETR:DEX) Could Be Worth WatchingDelticom AG ( ETR:DEX ), might not be a large cap stock, but it saw significant share price movement during recent...
分析記事 • Nov 09The Returns On Capital At Delticom (ETR:DEX) Don't Inspire ConfidenceWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €7.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Online Retail industry in Germany. Total loss to shareholders of 8.7% over the past three years.
Reported Earnings • Aug 18First half 2021 earnings released: EPS €0.078 (vs €0.48 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €249.3m (up 4.7% from 1H 2020). Net income: €986.0k (up €6.92m from 1H 2020). Profit margin: 0.4% (up from net loss in 1H 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Aug 13Delticom AG Provides Earnings Guidance for the Full Year of 2021Delticom AG provided earnings guidance for the full year of 2021. For the year, the company expects consolidated revenues to be in the range of EUR 550 million to EUR 590 million.
Valuation Update With 7 Day Price Move • Jun 08Investor sentiment improved over the past weekAfter last week's 18% share price gain to €8.72, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 69x in the Online Retail industry in Germany. Total returns to shareholders of 1.9% over the past three years.
分析記事 • May 06Is Delticom (ETR:DEX) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • May 01Delticom AG Reiterates Earnings Guidance for the Full Year 2021Delticom AG reiterated earnings guidance for the full year 2021. The provided outlook for the full year 2021 in terms of revenues in a range of €550 to €590 million.
分析記事 • Mar 31Delticom (ETR:DEX) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereDespite posting healthy earnings, Delticom AG's ( ETR:DEX ) stock has been quite weak. Along with the solid headline...
お知らせ • Mar 28Delticom AG Provides Earnings Guidance for the Fiscal Year 2021Delticom AG provided earnings guidance for the fiscal year 2021. For the current fiscal year 2021, the company expects total annual revenues in a range between EUR 550 million and EUR 590 million.
お知らせ • Mar 19Delticom AG to Report Fiscal Year 2020 Results on Mar 26, 2021Delticom AG announced that they will report fiscal year 2020 results on Mar 26, 2021
Is New 90 Day High Low • Mar 03New 90-day high: €8.88The company is up 45% from its price of €6.12 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 15% over the same period.
Executive Departure • Mar 03Member of Management Board & Chief Performance Manager has left the companyOn the 28th of February, Harald Blania's tenure as Member of Management Board & Chief Performance Manager ended after less than a year in the role. We don't have any record of a personal shareholding under Harald's name. A total of 2 executives have left over the last 12 months.
Is New 90 Day High Low • Feb 03New 90-day high: €7.88The company is up 141% from its price of €3.27 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 25% over the same period.