This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsDS Smith（SMDS）株式概要DS Smith Plc はパッケージング・ソリューション、紙製品、リサイクル・サービスを世界中に提供している。 詳細SMDS ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長3/6過去の実績1/6財務の健全性3/6配当金2/6報酬当社が推定した公正価値より1.4%で取引されている 収益は年間20.06%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 3.12%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 財務結果に影響を与える大きな一時的項目 利益率(3.4%)は昨年より低い(6.2%) すべてのリスクチェックを見るSMDS Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN8.1% overvaluedAnalystConsensusTarget•1y agoSustainable Investments And International Paper Synergies Set To Boost Packaging Growth3904Top Analyst NarrativesDS SmithANAnalystConsensusTargetBased on Analyst Price TargetsSustainable Investments And International Paper Synergies Set To Boost Packaging GrowthKey Takeaways Strong customer relationships and product innovations are driving revenue growth and sustaining margins despite cost pressures. Investments in sustainable technologies and synergies from transactions could enhance market positions and improve profitability.View narrativeUK£5.39FV8.1% 割高 内在価値ディスカウント3.62%Revenue growth p.a.Set Fair ValueView39users have viewed this narrative0users have liked this narrative0users have commented on this narrative4users have followed this narrativeover 1 year ago author updated this narrativeView all narrativesDS Smith Plc 競合他社MondiSymbol: LSE:MNDIMarket cap: UK£3.2bFresnilloSymbol: LSE:FRESMarket cap: UK£24.3bCroda InternationalSymbol: LSE:CRDAMarket cap: UK£4.0bAntofagastaSymbol: LSE:ANTOMarket cap: UK£38.4b価格と性能株価の高値、安値、推移の概要DS Smith過去の株価現在の株価UK£5.8352週高値UK£6.2252週安値UK£2.70ベータ0.801ヶ月の変化6.69%3ヶ月変化4.48%1年変化115.18%3年間の変化58.29%5年間の変化59.11%IPOからの変化122.03%最新ニュースお知らせ • Feb 03+ 5 more updatesDS Smith Shares Listing Cancelation Effective February 04On 16 April 2024, the boards of DS Smith Plc and International Paper announced that they had agreed the terms of a recommended all-share combination of DS Smith and International Paper, pursuant to which International Paper will acquire the entire issued and to be issued ordinary share capital of DS Smith (the "Combination") to be effected by way of a Court-sanctioned scheme of arrangement (the "Scheme") under Part 26 of the Companies Act 2006 (the "Act"). The circular in relation to the Scheme (the "Scheme Document") was published on 11 September 2024. On 24 January 2025, DS Smith and International Paper announced that the Conditions had been satisfied and that the Court Hearing had been scheduled to be held on 30 January 2025. Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") in relation to: the admission of the International Paper Shares to the equity shares (international commercial companies secondary listing) category of the Official List maintained by the FCA (the "Official List") and to trading on the LSE's main market for listed securities (the "Main Market"), which is expected to take place by 8.00 a.m. on4 February 2025; and the suspension and cancellation of DS Smith's listing on the Official List and the trading of DS Smith Shares on the Main Market, such suspension being expected to take place with effect from 7:30 a.m. 3 February 2025, and such cancellation to take place with effect from 8:00 a.m. on 4 February 2025.お知らせ • Jan 17DS Smith Launches Tape Back, Unique Packaging Design SolutionDS Smith has launched Tape Back, a unique packaging design solution that eliminates the need for single-use plastic tear strips in e-commerce packaging. Tape Back uses one glue strip for two e-commerce shipments, reducing waste and ensuring suppliers can offer seamless and sustainable returns. Tape Back features a convenient return strip that allows consumers to easily reuse the original packaging for returns, minimizing the need for additional materials. Other product benefits include: Seamless Returns – The easy-to-peel return strip requires less packaging and requires no additional materials to return items. Innovative Design – DS Smith designers have created an innovative solution that removes the need for a single-use plastic tear strip entirely. Enhanced Sustainability - With sustainability driving consumer behavior, Tape Back reduces hidden non–recyclable material and avoids mixing components, making it easy to recycle at home. Improved Functionality - Designed to do more with less the innovative solution reduces waste. It also makes it easier for suppliers to process returns and eliminates the risk of stock being damaged when returned.新しいナラティブ • Dec 08Sustainable Investments And International Paper Synergies Set To Boost Packaging Growth Strong customer relationships and product innovations are driving revenue growth and sustaining margins despite cost pressures. お知らせ • Dec 05DS Smith plc Declares an Interim Dividend for the First Half Ended October 31, 2024, Payable on 29 January 2025The Board of DS Smith Plc declared an interim dividend of 6.2 pence per share for the first half ended October 31, 2024 . The dividend will be paid on 29 January 2025 to ordinary shareholders on the register at close of business on 13 December 2024.Upcoming Dividend • Aug 29Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.4%). Higher than average of industry peers (3.4%).Recent Insider Transactions Derivative • Aug 23Key Executive exercised options and sold UK£454k worth of stockOn the 21st of August, Miles Roberts exercised options to acquire 96k shares at no cost and sold these for an average price of UK£4.71 per share. This trade did not impact their existing holding. For the year to April 2018, Miles' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Miles' direct individual holding has decreased from 2.93m shares to 2.32m. Company insiders have collectively sold UK£1.8m more than they bought, via options and on-market transactions in the last 12 months.最新情報をもっと見るRecent updatesお知らせ • Feb 03+ 5 more updatesDS Smith Shares Listing Cancelation Effective February 04On 16 April 2024, the boards of DS Smith Plc and International Paper announced that they had agreed the terms of a recommended all-share combination of DS Smith and International Paper, pursuant to which International Paper will acquire the entire issued and to be issued ordinary share capital of DS Smith (the "Combination") to be effected by way of a Court-sanctioned scheme of arrangement (the "Scheme") under Part 26 of the Companies Act 2006 (the "Act"). The circular in relation to the Scheme (the "Scheme Document") was published on 11 September 2024. On 24 January 2025, DS Smith and International Paper announced that the Conditions had been satisfied and that the Court Hearing had been scheduled to be held on 30 January 2025. Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") in relation to: the admission of the International Paper Shares to the equity shares (international commercial companies secondary listing) category of the Official List maintained by the FCA (the "Official List") and to trading on the LSE's main market for listed securities (the "Main Market"), which is expected to take place by 8.00 a.m. on4 February 2025; and the suspension and cancellation of DS Smith's listing on the Official List and the trading of DS Smith Shares on the Main Market, such suspension being expected to take place with effect from 7:30 a.m. 3 February 2025, and such cancellation to take place with effect from 8:00 a.m. on 4 February 2025.お知らせ • Jan 17DS Smith Launches Tape Back, Unique Packaging Design SolutionDS Smith has launched Tape Back, a unique packaging design solution that eliminates the need for single-use plastic tear strips in e-commerce packaging. Tape Back uses one glue strip for two e-commerce shipments, reducing waste and ensuring suppliers can offer seamless and sustainable returns. Tape Back features a convenient return strip that allows consumers to easily reuse the original packaging for returns, minimizing the need for additional materials. Other product benefits include: Seamless Returns – The easy-to-peel return strip requires less packaging and requires no additional materials to return items. Innovative Design – DS Smith designers have created an innovative solution that removes the need for a single-use plastic tear strip entirely. Enhanced Sustainability - With sustainability driving consumer behavior, Tape Back reduces hidden non–recyclable material and avoids mixing components, making it easy to recycle at home. Improved Functionality - Designed to do more with less the innovative solution reduces waste. It also makes it easier for suppliers to process returns and eliminates the risk of stock being damaged when returned.新しいナラティブ • Dec 08Sustainable Investments And International Paper Synergies Set To Boost Packaging Growth Strong customer relationships and product innovations are driving revenue growth and sustaining margins despite cost pressures. お知らせ • Dec 05DS Smith plc Declares an Interim Dividend for the First Half Ended October 31, 2024, Payable on 29 January 2025The Board of DS Smith Plc declared an interim dividend of 6.2 pence per share for the first half ended October 31, 2024 . The dividend will be paid on 29 January 2025 to ordinary shareholders on the register at close of business on 13 December 2024.Upcoming Dividend • Aug 29Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.4%). Higher than average of industry peers (3.4%).Recent Insider Transactions Derivative • Aug 23Key Executive exercised options and sold UK£454k worth of stockOn the 21st of August, Miles Roberts exercised options to acquire 96k shares at no cost and sold these for an average price of UK£4.71 per share. This trade did not impact their existing holding. For the year to April 2018, Miles' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Miles' direct individual holding has decreased from 2.93m shares to 2.32m. Company insiders have collectively sold UK£1.8m more than they bought, via options and on-market transactions in the last 12 months.Board Change • Jul 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Alina Kessel was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 19DS Smith Plc Announces Retirement of Louise Smalley from the Board, Effective 3 September 2024DS Smith Plc announced that Louise Smalley will retire from the Board with effect from the conclusion of its Annual General Meeting on 3 September 2024.お知らせ • Apr 16International Paper Company and DS Smith Plc Announce Andrew K. Silvernail to be CEO of the Combined CompanyInternational Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination, creating a truly global leader in sustainable packaging solutions. Andrew K. Silvernail will be CEO of the combined company and Miles Roberts will be retained as a consultant to assist with integration matters. As part of the Combination, up to two non-executive directors of DS Smith will be invited to join the Board of the combined company upon close of the Combination.お知らせ • Mar 28+ 1 more updateDS Smith's Response to Media SpeculationThe Board of DS Smith Plc (LSE:SMDS) noted the recent media speculation and confirms that it is in discussions with International Paper Company (NYSE:IP) regarding a proposal to acquire DS Smith through a possible all share offer (the "Proposal"). Under the terms of the Proposal, DS Smith shareholders would receive 0.1285 shares in International Paper for each share they own in DS Smith, resulting in DS Smith shareholders owning approximately 33.8% of the combined International Paper-DS Smith group. Based on International Paper's share price of $40.85 at close of business on 25 March 2024, the terms of the Proposal represent a value of 415 pence and premium of 48% to DS Smith's closing share price of 281 pence on 7 February 2024 (being the day prior to the commencement of the offer period in respect of DS Smith). The Board acknowledges the strategic merits and potential for value creation through a combination with International Paper. Accordingly, the Board is progressing its discussions with International Paper regarding the Proposal. There can be no certainty as to whether any offer will be made by International Paper or the terms of any such offer from International Paper. In accordance with Rule 2.6(a) of the Code, International Paper is required, by not later than 5.00 p.m. on 23 April 2024, either to announce a firm intention to make an offer for DS Smith in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. Further to the announcement on 7 March 2024, DS Smith is also continuing discussions with Mondi plc ("Mondi") regarding a possible all share offer by Mondi for DS Smith. In accordance with Rule 2.6(c) of the Code, Mondi is required, by not later than 5.00 p.m. on 4 April 2024, to either announce a firm intention to make an offer for DS Smith in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for DS Smith, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. A further announcement will be made if and when appropriate. This statement is being made by DS Smith without the prior agreement or approval of International Paper.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to UK£3.97, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Packaging industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£6.61 per share.お知らせ • Mar 20DS Smith Launches Shop.able Carriers Recyclable Box Solution for Transporting GroceriesShop.able Carriers, a line of recyclable, reusable boxes for supermarkets that replaces plastic shopping bags, are now available to deliver consumers a more sustainable and convenient packaging solution for everyday grocery shopping. The durable, stackable boxes – designed and manufactured by sustainable fiber-based packaging leader DS Smith – feature the company’s patented, food-safe, and water-resistant Greencoat® coating technology, giving consumers an affordable alternative to hard-to-recycle plastic bags. Shop.able Carriers are reusable, moisture-resistant, modular, and 100% recyclable made from renewable resources.お知らせ • Mar 19+ 2 more updatesDS Smith Plc, Annual General Meeting, Sep 03, 2024DS Smith Plc, Annual General Meeting, Sep 03, 2024.お知らせ • Mar 09Mondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billionMondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billion on March 7, 2023. Linklaters LLP is acting as legal adviser to Mondi. Slaughter and May is acting as legal adviser to DS Smith.お知らせ • Mar 05DS Smith Unveils Drypack Solution in U.S. Market to Help Seafood Processing Processors Phase Out Plastic ContainersDS Smith is launching its DryPack seafood box in North America. A sustainable replacement for non-recyclable expanded polystyrene (EPS) foam boxes, DS Smith DryPack is a no-leak, 100% water-resistant, fully recyclable box that, when packed with ice, can keep fresh fish below 40 degrees Fahrenheit for over 40 hours in cold chain operations. DryPack is the only containerboard seafood box approved for air freight by the International Air Transport Association, giving seafood processors the ability to safely ship fresh fish for short and long distances. The boxes ship flat to seafood processors - requiring 81% less space than foam plastic EPS boxes - and are easy and quick to assemble manually or with the use of automation equipment. DS Smith NAPP is now manufacturing DryPack boxes at its U.S. specialty packaging plants using its patented and proven Greencoat®? technology - a food-safe, moisture-resistant, recyclable coated box solution that has USDA, CFIA, FDA and FBA certifications. In addition to seafood packaging, the technology is used in the fresh poultry and produce industries to replace non-recyclable, wax-coated boxes. Norwegian DS Smith customer Kvaroy Arctic - a family-owned salmon producer located on an island inside the Arctic Circle - depends on DryPack's recyclability and reliability as a water-resistant and versatile packaging solution. This patented, sustainable seafood box - a past design winner of the World Packaging Association's WorldStar Award - is making its North American debut at the Seafood Processing North America tradeshow in Boston, March 10-12, where DS Smith is exhibiting in booth #1671. With DryPack, DS Smith is furthering its ambition to accelerate plastic replacement in the packaging space. Driven by its Now and Next sustainability strategy and working in partnership with customers, DS Smith has replaced 762 million problem plastics with fiber-based alternatives since 2020, and is on track to beat its goal of replacing 1 billion plastics by 2025. The company is committed to supporting a transition to the Circular Economy, eliminating waste and pollution, and keeping materials in use for longer. DS Smith creates 100% recyclable or reusable packaging, helping customers design out hard to recycle plastics. DS Smith has also created more than 30,000 circular-ready projects through its Circular Design Metrics, a design analysis tool that helps customers drive sustainability performance.New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.New Risk • Feb 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to UK£3.16, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Packaging industry in Europe. Total loss to shareholders of 4.9% over the past three years.お知らせ • Feb 09DS Smith Receives Highly Preliminary Expression of Interest from Mondi over a Possible OfferDS Smith Plc (LSE:SMDS) shares jumped after the company said it has received a highly preliminary expression of interest from larger peer Mondi plc (LSE:MNDI) over a possible offer, but that no proposal has been received at this stage. DS Smith shares at 1300 GMT were up 27.80 pence at 308.90 pence, leading the FTSE 100 index risers. However, they are currently down 12% over the past 12 months. Mondi shares are down 54.50 pence, or 3.95%, at 1,326.50 pence and are down 11% over the past 12 months. The London-listed packaging company said February 8, 2024 that there is no certainty a deal will be struck, nor the terms of any proposal. Any deal would create a company worth GBP 10.365 billion ($13.09 billion) based on each company's current market values. Mondi has until March 7 to either make a formal offer or walk away under U.K. Takeover Panel rules. Mondi later acknowledged that it is in the early stages of considering an all-share merger with DS Smith saying that it believes a deal would "create an industry leader in European paper-based sustainable packaging solutions." It said the company routinely considers options within its capital allocation framework to boost growth in the packaging sectors in which it operates. Mondi also said that there's no certainty any offer will be made to buy DS Smith.New Risk • Jan 31New 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.New Risk • Jan 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.New Risk • Dec 18New 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Dec 08First half 2024 earnings released: EPS: UK£0.15 (vs UK£0.17 in 1H 2023)First half 2024 results: EPS: UK£0.15 (down from UK£0.17 in 1H 2023). Revenue: UK£3.51b (down 18% from 1H 2023). Net income: UK£204.0m (down 12% from 1H 2023). Profit margin: 5.8% (up from 5.4% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% 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 • Dec 07+ 1 more updateMiles Roberts Announces to Retire as CEO of DS Smith plcDS Smith Plc announced that Miles Roberts has informed the Company of his intention, following 13 years with the Company, to retire from his role as CEO. It is intended that Miles' formal notice period will start on 1 December 2024, which means that he would retire from the Board and step down as CEO no later than 30 November 2025. This will give the Company an appropriate amount of time to identify and appoint his successor. A thorough recruitment process will be conducted and Miles will remain as a director of the Company and CEO throughout and will continue to focus on delivering strong performance from the Group and on supporting an orderly transition to his successor. Further announcements regarding Miles' leaving date and the appointment of his successor will be made in due course.お知らせ • Oct 01DS Smith Plc Appoints Tessa Bamford as Non-Executive Director, Effective 1 January 2024DS Smith Plc announced the appointment of Tessa Bamford to the company's board as a non-executive director, with effect from 1 January 2024. She will also join the Audit, Nomination and Remuneration Committees of the Board. Tessa will be joining following her retirement from Spencer Stuart, a global leadership search and advisory firm, where she led the UK Board and CEO practice, working with clients in the UK and internationally. Tessa previously held non-executive director roles at Ferguson plc for 10 years and at Barratt Developments plc for 9 years. Prior to joining Spencer Stuart, Tessa was a founding director of Cantos Communications, an online corporate communications company where she also managed many of its largest client accounts. Her earlier career was as an investment banker for 18 years, which started at BZW, then Schroders, latterly as a managing director in which she worked in both the UK and US advising companies on equity capital markets and M&A.Recent Insider Transactions Derivative • Sep 10Key Executive exercised options and sold UK£1.2m worth of stockOn the 6th of September, Miles Roberts exercised options to acquire 392k shares at no cost and sold these for an average price of UK£3.06 per share. This trade did not impact their existing holding. For the year to April 2017, Miles' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Miles' direct individual holding has increased from 2.21m shares to 2.68m. Company insiders have collectively sold UK£1.3m more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Aug 31Upcoming dividend of UK£0.12 per share at 5.8% yieldEligible shareholders must have bought the stock before 07 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 50% and the cash payout ratio is 90%. Trailing yield: 5.8%. Lower than top quartile of British dividend payers (6.3%). Higher than average of industry peers (3.5%).Price Target Changed • Aug 07Price target decreased by 7.0% to UK£3.56Down from UK£3.83, the current price target is an average from 11 analysts. New target price is 17% above last closing price of UK£3.05. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of UK£0.31 for next year compared to UK£0.36 last year.お知らせ • Aug 03DS Smith Plc (LSE:SMDS) agreed to acquire Društvo Za Proizvodnju Štampane I Kaširane Kartonske Ambalaže Bosis Doo Valjevo.DS Smith Plc (LSE:SMDS) agreed to acquire Društvo Za Proizvodnju Štampane I Kaširane Kartonske Ambalaže Bosis Doo Valjevo on August 1, 2023. Following completion of the acquisition of Bosis doo, DS Smith’s total packaging operations in Eastern Europe will comprise 29 box plants and additional facilities, employing more than 7,000 people in the region. The transaction is subject to customary closing conditions. The transaction is expected to complete within the second half of DS Smith’s financial year.Board Change • Jul 02Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Alina Kessel was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Jun 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.5% 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 6.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Jun 23Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: UK£0.36 (up from UK£0.20 in FY 2022). Revenue: UK£8.22b (up 14% from FY 2022). Net income: UK£491.0m (up 75% from FY 2022). Profit margin: 6.0% (up from 3.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Alina Kessel was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 16DS Smith Plc Appoints Eric Olsen to the Company's Board as A Non-Executive Director, with Effect from 15 May 2023DS Smith Plc announced the appointment with effect from 15 May 2023 of Eric Olsen to the Company's Board as a Non-Executive Director. He will also join the Audit, Nomination and Remuneration Committees of the Board. Eric is currently CEO of Aliaxis, a global leader in fluid management solutions for building, infrastructure, industrial and agriculture applications. A Certified Public Accountant (CPA) and holding a Master of Business Administration from HEC international business school in Paris, Eric was the CEO of LafargeHolcim from 2015-2017 where he ensured the successful merger of Lafarge and Holcim. Prior to that he also held a number of other roles within the Lafarge Group, including as EVP Organisation and Human Resources and EVP in charge of Operations. Eric started his career in the field of M&A at Deloitte & Touche and Banque Paribas and was one of the managing partners of Trinity Associates for 6 years. Eric has dual American and French nationalities and is also a Board Member of Fortera and is a member of the Technical and Strategic Advisory Committee of Breakthrough Energy Ventures Europe, as well as a corporate advisor for Temasek.Reported Earnings • Dec 08Full year 2022 earnings released: EPS: UK£0.20 (vs UK£0.13 in FY 2021)Full year 2022 results: EPS: UK£0.20 (up from UK£0.13 in FY 2021). Revenue: UK£7.24b (up 21% from FY 2021). Net income: UK£280.0m (up 54% from FY 2021). Profit margin: 3.9% (up from 3.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.Major Estimate Revision • Dec 08Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from UK£7.94b to UK£8.37b. EPS estimate increased from UK£0.31 to UK£0.37 per share. Net income forecast to grow 51% next year vs 20% growth forecast for Packaging industry in the United Kingdom. Consensus price target up from UK£3.61 to UK£3.79. Share price rose 2.5% to UK£3.12 over the past week.Upcoming Dividend • Sep 29Upcoming dividend of UK£0.10 per shareEligible shareholders must have bought the stock before 06 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (3.4%).Price Target Changed • Aug 31Price target decreased to UK£3.94Down from UK£4.26, the current price target is an average from 13 analysts. New target price is 47% above last closing price of UK£2.68. Stock is down 40% over the past year. The company is forecast to post earnings per share of UK£0.30 for next year compared to UK£0.20 last year.Recent Insider Transactions • Jun 30Key Executive recently bought UK£58k worth of stockOn the 29th of June, Adrian R. Marsh bought around 20k shares on-market at roughly UK£2.92 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Adrian R. has been a net seller over the last 12 months, reducing personal holdings by UK£1.2m.Reported Earnings • Jun 21Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: UK£0.20 (up from UK£0.13 in FY 2021). Revenue: UK£7.24b (up 21% from FY 2021). Net income: UK£280.0m (up 54% from FY 2021). Profit margin: 3.9% (up from 3.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 1.8%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year.Upcoming Dividend • Mar 31Upcoming dividend of UK£0.048 per shareEligible shareholders must have bought the stock before 07 April 2022. Payment date: 03 May 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (2.9%).株主還元SMDSGB PackagingGB 市場7D-4.0%-1.5%0.3%1Y115.2%-23.2%18.8%株主還元を見る業界別リターン: SMDS過去 1 年間で-23.2 % の収益を上げたUK Packaging業界を上回りました。リターン対市場: SMDS過去 1 年間で18.8 % の収益を上げたUK市場を上回りました。価格変動Is SMDS's price volatile compared to industry and market?SMDS volatilitySMDS Average Weekly Movement2.8%Packaging Industry Average Movement5.3%Market Average Movement5.7%10% most volatile stocks in GB Market11.9%10% least volatile stocks in GB Market3.1%安定した株価: SMDS 、 UK市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: SMDSの 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト194029,495Miles Robertswww.dssmith.comDS Smith Plc は包装ソリューション、紙製品、リサイクルサービスを世界中に提供している。同社は輸送・運送、消費者向け、小売・棚用、ヘビーデューティー、ファイバーベースパレット、自動車用標準、マルチマテリアル、危険物、eコマース用パッケージング、食品・飲料、健康・美容、アパレル・靴、家庭・DIY、家電用パッケージングを提供している。また、総合廃棄物管理、紙・段ボールリサイクル、プラスチックリサイクルなど、様々なリサイクル・廃棄物管理サービスや、小売、製造、印刷・出版、製紙、自動車、製薬、公共分野向けのリサイクルソリューションも提供している。また、褐色、白色、クラフトライナー、ミディアム／フルートグレード、兼用グレード、コート紙、特殊紙、技術サービス、サプライチェーン・サービスも提供している。さらに、カウンタートップ、フロア、フリースタンディング、シェルフ、段ボールトレイ、モジュラー、トブラローン、パラサイト、ダンプビンディスプレイ、パレットボックスからなるPOSディスプレイソリューション、FMCG、製薬、医療、物流、電子商取引、産業市場向けの包装機システム、監査、トレーニング、アフターサービスも提供している。同社は以前はデビッド・S・スミス（ホールディングス） PLC として知られ、2001 年に DS スミス Plc に社名を変更した。DSスミスは1940年に設立され、本社は英国ロンドンにある。もっと見るDS Smith Plc 基礎のまとめDS Smith の収益と売上を時価総額と比較するとどうか。SMDS 基礎統計学時価総額UK£8.07b収益（TTM）UK£224.00m売上高(TTM)UK£6.68b36.0xPER（株価収益率1.2xP/SレシオSMDS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SMDS 損益計算書（TTM）収益UK£6.68b売上原価UK£6.12b売上総利益UK£557.00mその他の費用UK£333.00m収益UK£224.00m直近の収益報告Oct 31, 2024次回決算日該当なし一株当たり利益（EPS）0.16グロス・マージン8.34%純利益率3.35%有利子負債／自己資本比率71.1%SMDS の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り112%配当性向View Valuation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2025/02/03 20:20終値2025/01/31 00:00収益2024/10/31年間収益2024/04/30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DS Smith Plc 9 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Eoghan ReidBerenbergHarry PhilipsCanaccord GenuityJustin JordanDavy8 その他のアナリストを表示
お知らせ • Feb 03+ 5 more updatesDS Smith Shares Listing Cancelation Effective February 04On 16 April 2024, the boards of DS Smith Plc and International Paper announced that they had agreed the terms of a recommended all-share combination of DS Smith and International Paper, pursuant to which International Paper will acquire the entire issued and to be issued ordinary share capital of DS Smith (the "Combination") to be effected by way of a Court-sanctioned scheme of arrangement (the "Scheme") under Part 26 of the Companies Act 2006 (the "Act"). The circular in relation to the Scheme (the "Scheme Document") was published on 11 September 2024. On 24 January 2025, DS Smith and International Paper announced that the Conditions had been satisfied and that the Court Hearing had been scheduled to be held on 30 January 2025. Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") in relation to: the admission of the International Paper Shares to the equity shares (international commercial companies secondary listing) category of the Official List maintained by the FCA (the "Official List") and to trading on the LSE's main market for listed securities (the "Main Market"), which is expected to take place by 8.00 a.m. on4 February 2025; and the suspension and cancellation of DS Smith's listing on the Official List and the trading of DS Smith Shares on the Main Market, such suspension being expected to take place with effect from 7:30 a.m. 3 February 2025, and such cancellation to take place with effect from 8:00 a.m. on 4 February 2025.
お知らせ • Jan 17DS Smith Launches Tape Back, Unique Packaging Design SolutionDS Smith has launched Tape Back, a unique packaging design solution that eliminates the need for single-use plastic tear strips in e-commerce packaging. Tape Back uses one glue strip for two e-commerce shipments, reducing waste and ensuring suppliers can offer seamless and sustainable returns. Tape Back features a convenient return strip that allows consumers to easily reuse the original packaging for returns, minimizing the need for additional materials. Other product benefits include: Seamless Returns – The easy-to-peel return strip requires less packaging and requires no additional materials to return items. Innovative Design – DS Smith designers have created an innovative solution that removes the need for a single-use plastic tear strip entirely. Enhanced Sustainability - With sustainability driving consumer behavior, Tape Back reduces hidden non–recyclable material and avoids mixing components, making it easy to recycle at home. Improved Functionality - Designed to do more with less the innovative solution reduces waste. It also makes it easier for suppliers to process returns and eliminates the risk of stock being damaged when returned.
新しいナラティブ • Dec 08Sustainable Investments And International Paper Synergies Set To Boost Packaging Growth Strong customer relationships and product innovations are driving revenue growth and sustaining margins despite cost pressures.
お知らせ • Dec 05DS Smith plc Declares an Interim Dividend for the First Half Ended October 31, 2024, Payable on 29 January 2025The Board of DS Smith Plc declared an interim dividend of 6.2 pence per share for the first half ended October 31, 2024 . The dividend will be paid on 29 January 2025 to ordinary shareholders on the register at close of business on 13 December 2024.
Upcoming Dividend • Aug 29Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.4%). Higher than average of industry peers (3.4%).
Recent Insider Transactions Derivative • Aug 23Key Executive exercised options and sold UK£454k worth of stockOn the 21st of August, Miles Roberts exercised options to acquire 96k shares at no cost and sold these for an average price of UK£4.71 per share. This trade did not impact their existing holding. For the year to April 2018, Miles' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Miles' direct individual holding has decreased from 2.93m shares to 2.32m. Company insiders have collectively sold UK£1.8m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Feb 03+ 5 more updatesDS Smith Shares Listing Cancelation Effective February 04On 16 April 2024, the boards of DS Smith Plc and International Paper announced that they had agreed the terms of a recommended all-share combination of DS Smith and International Paper, pursuant to which International Paper will acquire the entire issued and to be issued ordinary share capital of DS Smith (the "Combination") to be effected by way of a Court-sanctioned scheme of arrangement (the "Scheme") under Part 26 of the Companies Act 2006 (the "Act"). The circular in relation to the Scheme (the "Scheme Document") was published on 11 September 2024. On 24 January 2025, DS Smith and International Paper announced that the Conditions had been satisfied and that the Court Hearing had been scheduled to be held on 30 January 2025. Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange ("LSE") in relation to: the admission of the International Paper Shares to the equity shares (international commercial companies secondary listing) category of the Official List maintained by the FCA (the "Official List") and to trading on the LSE's main market for listed securities (the "Main Market"), which is expected to take place by 8.00 a.m. on4 February 2025; and the suspension and cancellation of DS Smith's listing on the Official List and the trading of DS Smith Shares on the Main Market, such suspension being expected to take place with effect from 7:30 a.m. 3 February 2025, and such cancellation to take place with effect from 8:00 a.m. on 4 February 2025.
お知らせ • Jan 17DS Smith Launches Tape Back, Unique Packaging Design SolutionDS Smith has launched Tape Back, a unique packaging design solution that eliminates the need for single-use plastic tear strips in e-commerce packaging. Tape Back uses one glue strip for two e-commerce shipments, reducing waste and ensuring suppliers can offer seamless and sustainable returns. Tape Back features a convenient return strip that allows consumers to easily reuse the original packaging for returns, minimizing the need for additional materials. Other product benefits include: Seamless Returns – The easy-to-peel return strip requires less packaging and requires no additional materials to return items. Innovative Design – DS Smith designers have created an innovative solution that removes the need for a single-use plastic tear strip entirely. Enhanced Sustainability - With sustainability driving consumer behavior, Tape Back reduces hidden non–recyclable material and avoids mixing components, making it easy to recycle at home. Improved Functionality - Designed to do more with less the innovative solution reduces waste. It also makes it easier for suppliers to process returns and eliminates the risk of stock being damaged when returned.
新しいナラティブ • Dec 08Sustainable Investments And International Paper Synergies Set To Boost Packaging Growth Strong customer relationships and product innovations are driving revenue growth and sustaining margins despite cost pressures.
お知らせ • Dec 05DS Smith plc Declares an Interim Dividend for the First Half Ended October 31, 2024, Payable on 29 January 2025The Board of DS Smith Plc declared an interim dividend of 6.2 pence per share for the first half ended October 31, 2024 . The dividend will be paid on 29 January 2025 to ordinary shareholders on the register at close of business on 13 December 2024.
Upcoming Dividend • Aug 29Upcoming dividend of UK£0.12 per shareEligible shareholders must have bought the stock before 05 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.4%). Higher than average of industry peers (3.4%).
Recent Insider Transactions Derivative • Aug 23Key Executive exercised options and sold UK£454k worth of stockOn the 21st of August, Miles Roberts exercised options to acquire 96k shares at no cost and sold these for an average price of UK£4.71 per share. This trade did not impact their existing holding. For the year to April 2018, Miles' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Miles' direct individual holding has decreased from 2.93m shares to 2.32m. Company insiders have collectively sold UK£1.8m more than they bought, via options and on-market transactions in the last 12 months.
Board Change • Jul 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Alina Kessel was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 19DS Smith Plc Announces Retirement of Louise Smalley from the Board, Effective 3 September 2024DS Smith Plc announced that Louise Smalley will retire from the Board with effect from the conclusion of its Annual General Meeting on 3 September 2024.
お知らせ • Apr 16International Paper Company and DS Smith Plc Announce Andrew K. Silvernail to be CEO of the Combined CompanyInternational Paper and DS Smith Plc announced that they have reached agreement on the terms of a recommended all-share combination, creating a truly global leader in sustainable packaging solutions. Andrew K. Silvernail will be CEO of the combined company and Miles Roberts will be retained as a consultant to assist with integration matters. As part of the Combination, up to two non-executive directors of DS Smith will be invited to join the Board of the combined company upon close of the Combination.
お知らせ • Mar 28+ 1 more updateDS Smith's Response to Media SpeculationThe Board of DS Smith Plc (LSE:SMDS) noted the recent media speculation and confirms that it is in discussions with International Paper Company (NYSE:IP) regarding a proposal to acquire DS Smith through a possible all share offer (the "Proposal"). Under the terms of the Proposal, DS Smith shareholders would receive 0.1285 shares in International Paper for each share they own in DS Smith, resulting in DS Smith shareholders owning approximately 33.8% of the combined International Paper-DS Smith group. Based on International Paper's share price of $40.85 at close of business on 25 March 2024, the terms of the Proposal represent a value of 415 pence and premium of 48% to DS Smith's closing share price of 281 pence on 7 February 2024 (being the day prior to the commencement of the offer period in respect of DS Smith). The Board acknowledges the strategic merits and potential for value creation through a combination with International Paper. Accordingly, the Board is progressing its discussions with International Paper regarding the Proposal. There can be no certainty as to whether any offer will be made by International Paper or the terms of any such offer from International Paper. In accordance with Rule 2.6(a) of the Code, International Paper is required, by not later than 5.00 p.m. on 23 April 2024, either to announce a firm intention to make an offer for DS Smith in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. Further to the announcement on 7 March 2024, DS Smith is also continuing discussions with Mondi plc ("Mondi") regarding a possible all share offer by Mondi for DS Smith. In accordance with Rule 2.6(c) of the Code, Mondi is required, by not later than 5.00 p.m. on 4 April 2024, to either announce a firm intention to make an offer for DS Smith in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for DS Smith, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. A further announcement will be made if and when appropriate. This statement is being made by DS Smith without the prior agreement or approval of International Paper.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment improves as stock rises 15%After last week's 15% share price gain to UK£3.97, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Packaging industry in Europe. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£6.61 per share.
お知らせ • Mar 20DS Smith Launches Shop.able Carriers Recyclable Box Solution for Transporting GroceriesShop.able Carriers, a line of recyclable, reusable boxes for supermarkets that replaces plastic shopping bags, are now available to deliver consumers a more sustainable and convenient packaging solution for everyday grocery shopping. The durable, stackable boxes – designed and manufactured by sustainable fiber-based packaging leader DS Smith – feature the company’s patented, food-safe, and water-resistant Greencoat® coating technology, giving consumers an affordable alternative to hard-to-recycle plastic bags. Shop.able Carriers are reusable, moisture-resistant, modular, and 100% recyclable made from renewable resources.
お知らせ • Mar 19+ 2 more updatesDS Smith Plc, Annual General Meeting, Sep 03, 2024DS Smith Plc, Annual General Meeting, Sep 03, 2024.
お知らせ • Mar 09Mondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billionMondi plc (LSE:MNDI) made an offer to acquire DS Smith Plc (LSE:SMDS) for £5.1 billion on March 7, 2023. Linklaters LLP is acting as legal adviser to Mondi. Slaughter and May is acting as legal adviser to DS Smith.
お知らせ • Mar 05DS Smith Unveils Drypack Solution in U.S. Market to Help Seafood Processing Processors Phase Out Plastic ContainersDS Smith is launching its DryPack seafood box in North America. A sustainable replacement for non-recyclable expanded polystyrene (EPS) foam boxes, DS Smith DryPack is a no-leak, 100% water-resistant, fully recyclable box that, when packed with ice, can keep fresh fish below 40 degrees Fahrenheit for over 40 hours in cold chain operations. DryPack is the only containerboard seafood box approved for air freight by the International Air Transport Association, giving seafood processors the ability to safely ship fresh fish for short and long distances. The boxes ship flat to seafood processors - requiring 81% less space than foam plastic EPS boxes - and are easy and quick to assemble manually or with the use of automation equipment. DS Smith NAPP is now manufacturing DryPack boxes at its U.S. specialty packaging plants using its patented and proven Greencoat®? technology - a food-safe, moisture-resistant, recyclable coated box solution that has USDA, CFIA, FDA and FBA certifications. In addition to seafood packaging, the technology is used in the fresh poultry and produce industries to replace non-recyclable, wax-coated boxes. Norwegian DS Smith customer Kvaroy Arctic - a family-owned salmon producer located on an island inside the Arctic Circle - depends on DryPack's recyclability and reliability as a water-resistant and versatile packaging solution. This patented, sustainable seafood box - a past design winner of the World Packaging Association's WorldStar Award - is making its North American debut at the Seafood Processing North America tradeshow in Boston, March 10-12, where DS Smith is exhibiting in booth #1671. With DryPack, DS Smith is furthering its ambition to accelerate plastic replacement in the packaging space. Driven by its Now and Next sustainability strategy and working in partnership with customers, DS Smith has replaced 762 million problem plastics with fiber-based alternatives since 2020, and is on track to beat its goal of replacing 1 billion plastics by 2025. The company is committed to supporting a transition to the Circular Economy, eliminating waste and pollution, and keeping materials in use for longer. DS Smith creates 100% recyclable or reusable packaging, helping customers design out hard to recycle plastics. DS Smith has also created more than 30,000 circular-ready projects through its Circular Design Metrics, a design analysis tool that helps customers drive sustainability performance.
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Feb 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to UK£3.16, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Packaging industry in Europe. Total loss to shareholders of 4.9% over the past three years.
お知らせ • Feb 09DS Smith Receives Highly Preliminary Expression of Interest from Mondi over a Possible OfferDS Smith Plc (LSE:SMDS) shares jumped after the company said it has received a highly preliminary expression of interest from larger peer Mondi plc (LSE:MNDI) over a possible offer, but that no proposal has been received at this stage. DS Smith shares at 1300 GMT were up 27.80 pence at 308.90 pence, leading the FTSE 100 index risers. However, they are currently down 12% over the past 12 months. Mondi shares are down 54.50 pence, or 3.95%, at 1,326.50 pence and are down 11% over the past 12 months. The London-listed packaging company said February 8, 2024 that there is no certainty a deal will be struck, nor the terms of any proposal. Any deal would create a company worth GBP 10.365 billion ($13.09 billion) based on each company's current market values. Mondi has until March 7 to either make a formal offer or walk away under U.K. Takeover Panel rules. Mondi later acknowledged that it is in the early stages of considering an all-share merger with DS Smith saying that it believes a deal would "create an industry leader in European paper-based sustainable packaging solutions." It said the company routinely considers options within its capital allocation framework to boost growth in the packaging sectors in which it operates. Mondi also said that there's no certainty any offer will be made to buy DS Smith.
New Risk • Jan 31New 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Jan 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
New Risk • Dec 18New 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Dec 08First half 2024 earnings released: EPS: UK£0.15 (vs UK£0.17 in 1H 2023)First half 2024 results: EPS: UK£0.15 (down from UK£0.17 in 1H 2023). Revenue: UK£3.51b (down 18% from 1H 2023). Net income: UK£204.0m (down 12% from 1H 2023). Profit margin: 5.8% (up from 5.4% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% 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 • Dec 07+ 1 more updateMiles Roberts Announces to Retire as CEO of DS Smith plcDS Smith Plc announced that Miles Roberts has informed the Company of his intention, following 13 years with the Company, to retire from his role as CEO. It is intended that Miles' formal notice period will start on 1 December 2024, which means that he would retire from the Board and step down as CEO no later than 30 November 2025. This will give the Company an appropriate amount of time to identify and appoint his successor. A thorough recruitment process will be conducted and Miles will remain as a director of the Company and CEO throughout and will continue to focus on delivering strong performance from the Group and on supporting an orderly transition to his successor. Further announcements regarding Miles' leaving date and the appointment of his successor will be made in due course.
お知らせ • Oct 01DS Smith Plc Appoints Tessa Bamford as Non-Executive Director, Effective 1 January 2024DS Smith Plc announced the appointment of Tessa Bamford to the company's board as a non-executive director, with effect from 1 January 2024. She will also join the Audit, Nomination and Remuneration Committees of the Board. Tessa will be joining following her retirement from Spencer Stuart, a global leadership search and advisory firm, where she led the UK Board and CEO practice, working with clients in the UK and internationally. Tessa previously held non-executive director roles at Ferguson plc for 10 years and at Barratt Developments plc for 9 years. Prior to joining Spencer Stuart, Tessa was a founding director of Cantos Communications, an online corporate communications company where she also managed many of its largest client accounts. Her earlier career was as an investment banker for 18 years, which started at BZW, then Schroders, latterly as a managing director in which she worked in both the UK and US advising companies on equity capital markets and M&A.
Recent Insider Transactions Derivative • Sep 10Key Executive exercised options and sold UK£1.2m worth of stockOn the 6th of September, Miles Roberts exercised options to acquire 392k shares at no cost and sold these for an average price of UK£3.06 per share. This trade did not impact their existing holding. For the year to April 2017, Miles' total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Miles' direct individual holding has increased from 2.21m shares to 2.68m. Company insiders have collectively sold UK£1.3m more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Aug 31Upcoming dividend of UK£0.12 per share at 5.8% yieldEligible shareholders must have bought the stock before 07 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 50% and the cash payout ratio is 90%. Trailing yield: 5.8%. Lower than top quartile of British dividend payers (6.3%). Higher than average of industry peers (3.5%).
Price Target Changed • Aug 07Price target decreased by 7.0% to UK£3.56Down from UK£3.83, the current price target is an average from 11 analysts. New target price is 17% above last closing price of UK£3.05. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of UK£0.31 for next year compared to UK£0.36 last year.
お知らせ • Aug 03DS Smith Plc (LSE:SMDS) agreed to acquire Društvo Za Proizvodnju Štampane I Kaširane Kartonske Ambalaže Bosis Doo Valjevo.DS Smith Plc (LSE:SMDS) agreed to acquire Društvo Za Proizvodnju Štampane I Kaširane Kartonske Ambalaže Bosis Doo Valjevo on August 1, 2023. Following completion of the acquisition of Bosis doo, DS Smith’s total packaging operations in Eastern Europe will comprise 29 box plants and additional facilities, employing more than 7,000 people in the region. The transaction is subject to customary closing conditions. The transaction is expected to complete within the second half of DS Smith’s financial year.
Board Change • Jul 02Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Alina Kessel was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Jun 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 6.5% 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 6.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Jun 23Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: UK£0.36 (up from UK£0.20 in FY 2022). Revenue: UK£8.22b (up 14% from FY 2022). Net income: UK£491.0m (up 75% from FY 2022). Profit margin: 6.0% (up from 3.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.4%. Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Alina Kessel was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 16DS Smith Plc Appoints Eric Olsen to the Company's Board as A Non-Executive Director, with Effect from 15 May 2023DS Smith Plc announced the appointment with effect from 15 May 2023 of Eric Olsen to the Company's Board as a Non-Executive Director. He will also join the Audit, Nomination and Remuneration Committees of the Board. Eric is currently CEO of Aliaxis, a global leader in fluid management solutions for building, infrastructure, industrial and agriculture applications. A Certified Public Accountant (CPA) and holding a Master of Business Administration from HEC international business school in Paris, Eric was the CEO of LafargeHolcim from 2015-2017 where he ensured the successful merger of Lafarge and Holcim. Prior to that he also held a number of other roles within the Lafarge Group, including as EVP Organisation and Human Resources and EVP in charge of Operations. Eric started his career in the field of M&A at Deloitte & Touche and Banque Paribas and was one of the managing partners of Trinity Associates for 6 years. Eric has dual American and French nationalities and is also a Board Member of Fortera and is a member of the Technical and Strategic Advisory Committee of Breakthrough Energy Ventures Europe, as well as a corporate advisor for Temasek.
Reported Earnings • Dec 08Full year 2022 earnings released: EPS: UK£0.20 (vs UK£0.13 in FY 2021)Full year 2022 results: EPS: UK£0.20 (up from UK£0.13 in FY 2021). Revenue: UK£7.24b (up 21% from FY 2021). Net income: UK£280.0m (up 54% from FY 2021). Profit margin: 3.9% (up from 3.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year.
Major Estimate Revision • Dec 08Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from UK£7.94b to UK£8.37b. EPS estimate increased from UK£0.31 to UK£0.37 per share. Net income forecast to grow 51% next year vs 20% growth forecast for Packaging industry in the United Kingdom. Consensus price target up from UK£3.61 to UK£3.79. Share price rose 2.5% to UK£3.12 over the past week.
Upcoming Dividend • Sep 29Upcoming dividend of UK£0.10 per shareEligible shareholders must have bought the stock before 06 October 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.0%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (3.4%).
Price Target Changed • Aug 31Price target decreased to UK£3.94Down from UK£4.26, the current price target is an average from 13 analysts. New target price is 47% above last closing price of UK£2.68. Stock is down 40% over the past year. The company is forecast to post earnings per share of UK£0.30 for next year compared to UK£0.20 last year.
Recent Insider Transactions • Jun 30Key Executive recently bought UK£58k worth of stockOn the 29th of June, Adrian R. Marsh bought around 20k shares on-market at roughly UK£2.92 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Adrian R. has been a net seller over the last 12 months, reducing personal holdings by UK£1.2m.
Reported Earnings • Jun 21Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: UK£0.20 (up from UK£0.13 in FY 2021). Revenue: UK£7.24b (up 21% from FY 2021). Net income: UK£280.0m (up 54% from FY 2021). Profit margin: 3.9% (up from 3.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 1.8%, compared to a 18% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year.
Upcoming Dividend • Mar 31Upcoming dividend of UK£0.048 per shareEligible shareholders must have bought the stock before 07 April 2022. Payment date: 03 May 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (4.7%). Higher than average of industry peers (2.9%).
