Announcement • May 15
D'Ieteren Group SA to Report Fiscal Year 2026 Results on Mar 10, 2027 D'Ieteren Group SA announced that they will report fiscal year 2026 results on Mar 10, 2027 Reported Earnings • Apr 26
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: €7.94 (up from €6.94 in FY 2024). Revenue: €8.03b (down 1.5% from FY 2024). Net income: €419.5m (up 14% from FY 2024). Profit margin: 5.2% (up from 4.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Mar 12
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: €7.94 (up from €6.94 in FY 2024). Revenue: €8.03b (down 1.5% from FY 2024). Net income: €424.5m (up 15% from FY 2024). Profit margin: 5.3% (up from 4.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Dec 26
D'Ieteren Group SA to Report First Half, 2026 Results on Sep 09, 2026 D'Ieteren Group SA announced that they will report first half, 2026 results on Sep 09, 2026 Reported Earnings • Sep 05
First half 2025 earnings released: EPS: €4.61 (vs €3.14 in 1H 2024) First half 2025 results: EPS: €4.61 (up from €3.14 in 1H 2024). Revenue: €4.05b (down 5.8% from 1H 2024). Net income: €243.8m (up 46% from 1H 2024). Profit margin: 6.0% (up from 3.9% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 12
D'Ieteren Group SA to Report Fiscal Year 2025 Results on Mar 10, 2026 D'Ieteren Group SA announced that they will report fiscal year 2025 results on Mar 10, 2026 Declared Dividend • May 28
Final dividend of €1.12 announced Shareholders will receive a dividend of €1.12. Ex-date: 10th June 2025 Payment date: 12th June 2025 Dividend yield will be 29%, which is higher than the industry average of 2.4%. Payout Ratios Payout ratio: 23%. Cash payout ratio: 11%. Announcement • May 27
D'Ieteren Group SA announces Annual dividend, payable on June 12, 2025 D'Ieteren Group SA announced Annual dividend of EUR 1.1200 per share payable on June 12, 2025, ex-date on June 10, 2025 and record date on June 11, 2025. Major Estimate Revision • May 15
Consensus revenue estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €8.07b to €9.12b. EPS estimate unchanged from €10.08 at last update. Retail Distributors industry in Belgium expected to see average net income growth of 30% next year. Consensus price target of €209 unchanged from last update. Share price was steady at €179 over the past week. Reported Earnings • Apr 30
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €6.94 (down from €9.41 in FY 2023). Revenue: €8.15b (up 2.1% from FY 2023). Net income: €367.8m (down 26% from FY 2023). Profit margin: 4.5% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 28
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Charles-Antoine Leunen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 25
Consensus revenue estimates increase by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €8.15b to €9.52b. EPS estimate unchanged from €9.98 at last update. Retail Distributors industry in Belgium expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at €206. Share price rose 4.3% to €171 over the past week. Reported Earnings • Mar 11
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €6.94 (down from €9.41 in FY 2023). Revenue: €8.15b (up 2.1% from FY 2023). Net income: €372.1m (down 25% from FY 2023). Profit margin: 4.6% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Belgian stocks, typically moving 6.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Feb 12
D'Ieteren Group SA to Report First Half, 2025 Results on Sep 03, 2025 D'Ieteren Group SA announced that they will report first half, 2025 results on Sep 03, 2025 New Risk • Dec 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Belgian stocks, typically moving 3.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €160, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 9x in the Retail Distributors industry in Europe. Total returns to shareholders of 28% over the past three years. Major Estimate Revision • Oct 04
Consensus EPS estimates fall by 33%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €8.00b to €8.10b. EPS estimate fell from €11.77 to €7.91 per share. Net income forecast to grow 36% next year vs 19% growth forecast for Retail Distributors industry in Belgium. Consensus price target down from €263 to €246. Share price fell 3.3% to €190 over the past week. Announcement • Sep 11
D'Ieteren Group SA Proposes Extraordinary Dividend D'Ieteren Group SA proposed extraordinary dividend of EUR 74.00 per share as a reward group shareholders for their continued support after the value creation in the recent years. Reported Earnings • Sep 11
First half 2024 earnings released: EPS: €3.11 (vs €5.39 in 1H 2023) First half 2024 results: EPS: €3.11 (down from €5.39 in 1H 2023). Revenue: €4.30b (up 5.3% from 1H 2023). Net income: €166.6m (down 42% from 1H 2023). Profit margin: 3.9% (down from 7.0% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Major Estimate Revision • Aug 13
Consensus revenue estimates increase by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €8.00b to €9.88b. EPS estimate unchanged from €11.92 at last update. Retail Distributors industry in Belgium expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at €264. Share price rose 4.8% to €206 over the past week. Declared Dividend • Jun 06
Dividend of €2.63 announced Shareholders will receive a dividend of €2.63. Ex-date: 11th June 2024 Payment date: 13th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 15
D'Ieteren Group SA to Report Fiscal Year 2024 Results on Mar 10, 2025 D'Ieteren Group SA announced that they will report fiscal year 2024 results on Mar 10, 2025 Price Target Changed • Apr 30
Price target increased by 7.7% to €253 Up from €235, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €203. Stock is up 22% over the past year. The company is forecast to post earnings per share of €12.17 for next year compared to €9.41 last year. Price Target Changed • Apr 05
Price target increased by 8.4% to €246 Up from €227, the current price target is an average from 5 analysts. New target price is 19% above last closing price of €207. Stock is up 20% over the past year. The company is forecast to post earnings per share of €12.49 for next year compared to €9.41 last year. Reported Earnings • Mar 07
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €9.41 (up from €6.23 in FY 2022). Revenue: €7.98b (up 69% from FY 2022). Net income: €498.8m (up 50% from FY 2022). Profit margin: 6.2% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 35% per year. Announcement • Dec 15
D'Ieteren Group SA to Report First Half, 2024 Results on Sep 10, 2024 D'Ieteren Group SA announced that they will report first half, 2024 results on Sep 10, 2024 Major Estimate Revision • Sep 26
Consensus revenue estimates increase by 20%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €9.62b to €11.6b. EPS estimate fell from €10.83 to €10.28. Net income forecast to grow 61% next year vs 13% growth forecast for Retail Distributors industry in Belgium. Consensus price target of €227 unchanged from last update. Share price was steady at €158 over the past week. Major Estimate Revision • Sep 15
Consensus revenue estimates decrease by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €11.2b to €9.62b. EPS estimate unchanged from €10.83 per share at last update. Retail Distributors industry in Belgium expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €227. Share price rose 4.1% to €164 over the past week. Reported Earnings • Sep 11
First half 2023 earnings released: EPS: €5.33 (vs €3.59 in 1H 2022) First half 2023 results: EPS: €5.33 (up from €3.59 in 1H 2022). Revenue: €4.09b (up 114% from 1H 2022). Net income: €285.9m (up 49% from 1H 2022). Profit margin: 7.0% (down from 10.0% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 45% per year. Announcement • May 31
D'Ieteren Group SA to Report Fiscal Year 2023 Results on Mar 05, 2024 D'Ieteren Group SA announced that they will report fiscal year 2023 results on Mar 05, 2024 Upcoming Dividend • May 30
Upcoming dividend of €2.10 per share at 1.8% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Belgian dividend payers (6.8%). Lower than average of industry peers (2.5%). Announcement • May 26
D'Ieteren Group SA, Annual General Meeting, May 25, 2023 D'Ieteren Group SA, Annual General Meeting, May 25, 2023, at 15:00 Central European Standard Time. Agenda: To propose a gross ordinary dividend of share to its shareholders; to approve the appointments as Independent Directors, of Allegra Patrizi Unipersonnelle, represented by Mrs Allegra Patrizi, of LSIM SA, represented by Mr Wolfgang de Limburg Stirum, and of Diligencia Consult SRL, represented by Mrs Diane Govaerts. Reported Earnings • Mar 12
Full year 2022 earnings released: EPS: €6.24 (vs €4.75 in FY 2021) Full year 2022 results: EPS: €6.24 (up from €4.75 in FY 2021). Revenue: €4.71b (up 40% from FY 2021). Net income: €335.7m (up 32% from FY 2021). Profit margin: 7.1% (down from 7.5% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Cécile Bonnefond was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €7.62 to €9.16. Revenue forecast unchanged at €3.98b. Net income forecast to grow 79% next year vs 18% growth forecast for Retail Distributors industry in Belgium. Consensus price target broadly unchanged at €207. Share price rose 4.5% to €145 over the past week. Reported Earnings • Sep 07
First half 2022 earnings released: EPS: €3.55 (vs €3.43 in 1H 2021) First half 2022 results: EPS: €3.55 (up from €3.43 in 1H 2021). Revenue: €1.91b (up 1.0% from 1H 2021). Net income: €191.6m (up 4.8% from 1H 2021). Profit margin: 10.0% (in line with 1H 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Jul 19
D'Ieteren Group SA to Report First Half, 2023 Results on Sep 07, 2023 D'Ieteren Group SA announced that they will report first half, 2023 results on Sep 07, 2023 Upcoming Dividend • May 31
Upcoming dividend of €1.47 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Belgian dividend payers (5.7%). Lower than average of industry peers (2.0%). Major Estimate Revision • May 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €7.16 to €8.25. Revenue forecast steady at €3.98b. Net income forecast to grow 61% next year vs 32% growth forecast for Retail Distributors industry in Belgium. Consensus price target up from €197 to €209. Share price fell 5.5% to €148 over the past week. Reported Earnings • Apr 27
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €4.75 (up from €2.56 in FY 2020). Revenue: €3.36b (up 1.3% from FY 2020). Net income: €253.5m (up 85% from FY 2020). Profit margin: 7.5% (up from 4.1% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Over the next year, revenue is forecast to grow 23%, compared to a 16% growth forecast for the retail industry in Belgium. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Cécile Bonnefond was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 24
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €4.75 (up from €2.56 in FY 2020). Revenue: €3.36b (up 1.3% from FY 2020). Net income: €253.5m (up 85% from FY 2020). Profit margin: 7.5% (up from 4.1% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the retail industry in Belgium. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 consensus EPS increased from €7.16 to €8.14. Revenues were reaffirmed at €4.12b. Net income forecast to grow 52% next year vs 43% growth forecast for Retail Distributors industry in Belgium. Consensus price target broadly unchanged at €197. Share price rose 7.1% to €153 over the past week. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €118, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Retail Distributors industry in Europe. Total returns to shareholders of 239% over the past three years. Reported Earnings • Sep 05
First half 2021 earnings released: EPS €3.39 (vs €0.39 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €1.89b (up 25% from 1H 2020). Net income: €182.8m (up €162.2m from 1H 2020). Profit margin: 9.7% (up from 1.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 24% share price gain to €134, the stock trades at a trailing P/E ratio of 51.2x. Average forward P/E is 16x in the Retail Distributors industry in Europe. Total returns to shareholders of 273% over the past three years. Price Target Changed • Jul 13
Price target increased to €166 Up from €128, the current price target is provided by 1 analyst. New target price is 51% above last closing price of €110. Stock is up 119% over the past year. Upcoming Dividend • May 25
Upcoming dividend of €0.94 per share Eligible shareholders must have bought the stock before 01 June 2021. Payment date: 03 June 2021. Trailing yield: 1.5%. Lower than top quartile of Belgian dividend payers (4.6%). Higher than average of industry peers (1.2%).