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R.R. Donnelley & Sons

DB:DLLN
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DLLN
DB
$329M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The last earnings update was 57 days ago. More info.


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DLLN Share Price and Events
7 Day Returns
0%
DB:DLLN
0.1%
DE Commercial Services
0.8%
DE Market
1 Year Returns
-
DB:DLLN
-6.3%
DE Commercial Services
-4.5%
DE Market
DLLN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
R.R. Donnelley & Sons (DLLN) 0% 0% - - -64.9% -56.3%
DE Commercial Services 0.1% 3.3% 10.1% -6.3% 3.5% -41.2%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • No trading data on DLLN.
  • No trading data on DLLN.
Price Volatility
DLLN
Industry
5yr Volatility vs Market

Value

 Is R.R. Donnelley & Sons undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of R.R. Donnelley & Sons to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for R.R. Donnelley & Sons.

DB:DLLN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DLLN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (635.03%))
3.293
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:DLLN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for R.R. Donnelley & Sons is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:DLLN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2019 21.20 Analyst x1 18.90
2020 102.20 Analyst x1 81.26
2021 101.03 Est @ -1.15% 71.63
2022 100.29 Est @ -0.73% 63.40
2023 99.84 Est @ -0.44% 56.28
2024 99.60 Est @ -0.24% 50.06
2025 99.50 Est @ -0.1% 44.59
2026 99.50 Est @ -0% 39.76
2027 99.56 Est @ 0.07% 35.48
2028 99.68 Est @ 0.11% 31.67
Present value of next 10 years cash flows $493.04
DB:DLLN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $99.68 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$838.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $838.12 ÷ (1 + 12.15%)10
$266.31
DB:DLLN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $493.04 + $266.31
$759.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $759.35 / 70.83
$10.72
DB:DLLN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DLLN represents 1.16344x of NYSE:RRD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.16344x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 10.72 x 1.16344
€12.47
Value per share (EUR) From above. €12.47
Current discount Discount to share price of €5.41
= -1 x (€5.41 - €12.47) / €12.47
56.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price R.R. Donnelley & Sons is available for.
Intrinsic value
>50%
Share price is €5.41 vs Future cash flow value of €12.47
Current Discount Checks
For R.R. Donnelley & Sons to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • R.R. Donnelley & Sons's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • R.R. Donnelley & Sons's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for R.R. Donnelley & Sons's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are R.R. Donnelley & Sons's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DLLN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.16
NYSE:RRD Share Price ** NYSE (2019-02-27) in USD $4.65
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 17.06x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of R.R. Donnelley & Sons.

DB:DLLN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RRD Share Price ÷ EPS (both in USD)

= 4.65 ÷ -0.16

-29.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • R.R. Donnelley & Sons is loss making, we can't compare its value to the Europe Commercial Services industry average.
  • R.R. Donnelley & Sons is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does R.R. Donnelley & Sons's expected growth come at a high price?
Raw Data
DB:DLLN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -29.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
89.8%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.4x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for R.R. Donnelley & Sons, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on R.R. Donnelley & Sons's assets?
Raw Data
DB:DLLN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-3.69
NYSE:RRD Share Price * NYSE (2019-02-27) in USD $4.65
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:DLLN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RRD Share Price ÷ Book Value per Share (both in USD)

= 4.65 ÷ -3.69

-1.26x

* Primary Listing of R.R. Donnelley & Sons.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • R.R. Donnelley & Sons has negative assets, we can't compare the value of its assets to the DE Commercial Services industry average.
X
Value checks
We assess R.R. Donnelley & Sons's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. R.R. Donnelley & Sons has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is R.R. Donnelley & Sons expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
89.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is R.R. Donnelley & Sons expected to grow at an attractive rate?
  • R.R. Donnelley & Sons's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • R.R. Donnelley & Sons's earnings growth is expected to exceed the Germany market average.
  • R.R. Donnelley & Sons's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DLLN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DLLN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 89.8%
DB:DLLN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.6%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.4%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DLLN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DLLN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 6,584 227 53 2
2019-12-31 6,530 161 43 2
DB:DLLN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 6,800 204 -11
2018-09-30 6,963 157 -41
2018-06-30 7,048 131 -83
2018-03-31 6,989 83 6
2017-12-31 6,940 218 -34
2017-09-30 6,873 116 -470
2017-06-30 6,863 187 -440
2017-03-31 6,846 315 -540
2016-12-31 6,833 127 -486
2016-09-30 3,589 456 -97
2016-06-30 4,692 491 -104
2016-03-31 5,837 604 -38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • R.R. Donnelley & Sons's earnings are expected to grow significantly at over 20% yearly.
  • R.R. Donnelley & Sons's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DLLN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from R.R. Donnelley & Sons Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DLLN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.75 0.75 0.75 1.00
2019-12-31 0.61 0.61 0.61 1.00
DB:DLLN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.16
2018-09-30 -0.58
2018-06-30 -1.18
2018-03-31 0.09
2017-12-31 -0.49
2017-09-30 -6.71
2017-06-30 -6.28
2017-03-31 -7.71
2016-12-31 -6.95
2016-09-30 -1.38
2016-06-30 -1.49
2016-03-31 -0.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if R.R. Donnelley & Sons will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess R.R. Donnelley & Sons's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
R.R. Donnelley & Sons has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has R.R. Donnelley & Sons performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare R.R. Donnelley & Sons's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • R.R. Donnelley & Sons does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare R.R. Donnelley & Sons's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare R.R. Donnelley & Sons's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
R.R. Donnelley & Sons's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from R.R. Donnelley & Sons Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DLLN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 6,800.20 -11.00 830.40
2018-09-30 6,962.60 -41.10 821.50
2018-06-30 7,048.00 -83.40 831.70
2018-03-31 6,988.50 6.10 837.00
2017-12-31 6,939.60 -34.40 860.40
2017-09-30 6,872.70 -470.20 865.30
2017-06-30 6,863.40 -440.20 868.00
2017-03-31 6,846.30 -539.90 884.50
2016-12-31 6,833.00 -486.20 894.30
2016-09-30 3,589.20 -96.70 601.50
2016-06-30 4,691.60 -104.40 704.80
2016-03-31 5,836.80 -37.70 781.00
2015-12-31 6,880.70 -19.00 872.10
2015-09-30 11,391.50 99.60 1,388.00
2015-06-30 11,521.30 147.50 1,401.00
2015-03-31 11,675.70 168.70 1,430.00
2014-12-31 7,172.70 -43.70 926.10
2014-09-30 11,289.40 201.90 1,292.00
2014-06-30 10,946.50 154.40 1,247.90
2014-03-31 10,615.60 155.10 1,203.20
2013-12-31 10,480.30 211.20 1,175.60
2013-09-30 10,384.60 -741.80 1,155.00
2013-06-30 10,278.50 -685.10 1,116.80
2013-03-31 10,235.50 -661.70 1,098.10
2012-12-31 10,221.90 -651.40 1,100.10
2012-09-30 10,283.10 -129.10 1,098.40
2012-06-30 10,457.60 -42.50 1,142.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if R.R. Donnelley & Sons has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • R.R. Donnelley & Sons used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • It is difficult to establish if R.R. Donnelley & Sons improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess R.R. Donnelley & Sons's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
R.R. Donnelley & Sons has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is R.R. Donnelley & Sons's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up R.R. Donnelley & Sons's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • R.R. Donnelley & Sons is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • R.R. Donnelley & Sons's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of R.R. Donnelley & Sons's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • R.R. Donnelley & Sons has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from R.R. Donnelley & Sons Company Filings, last reported 3 months ago.

DB:DLLN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -245.40 2,091.50 370.60
2018-09-30 -219.50 2,177.30 247.00
2018-06-30 -247.50 2,255.40 257.00
2018-03-31 -188.30 2,188.50 235.20
2017-12-31 -202.90 2,109.70 273.40
2017-09-30 -163.00 2,250.10 225.80
2017-06-30 -161.50 2,252.50 226.30
2017-03-31 -174.10 2,247.30 364.70
2016-12-31 -92.20 2,387.40 646.20
2016-09-30 538.40 3,890.90 411.80
2016-06-30 619.50 3,619.40 290.60
2016-03-31 697.50 3,577.30 263.70
2015-12-31 696.60 2,418.70 288.70
2015-09-30 662.70 3,676.30 257.30
2015-06-30 737.60 3,746.80 295.40
2015-03-31 558.60 3,634.30 268.70
2014-12-31 620.40 3,602.00 527.90
2014-09-30 918.40 3,760.80 269.20
2014-06-30 914.80 3,835.30 288.90
2014-03-31 885.50 3,905.50 308.40
2013-12-31 653.70 3,857.90 1,028.40
2013-09-30 36.40 3,516.00 462.80
2013-06-30 55.10 3,515.30 354.40
2013-03-31 50.40 3,533.80 302.90
2012-12-31 68.70 3,438.60 430.70
2012-09-30 1,150.20 3,786.40 392.90
2012-06-30 1,079.70 3,761.40 369.00
  • R.R. Donnelley & Sons has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if R.R. Donnelley & Sons's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making R.R. Donnelley & Sons has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making R.R. Donnelley & Sons has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 79.8% per year.
X
Financial health checks
We assess R.R. Donnelley & Sons's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. R.R. Donnelley & Sons has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is R.R. Donnelley & Sons's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.58%
Current annual income from R.R. Donnelley & Sons dividends.
If you bought €2,000 of R.R. Donnelley & Sons shares you are expected to receive €52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • R.R. Donnelley & Sons's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • R.R. Donnelley & Sons's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
Upcoming dividend payment

Purchase R.R. Donnelley & Sons before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DLLN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DLLN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
DB:DLLN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.120 2.655
2019-01-17 0.120 2.326
2018-10-23 0.120 2.352
2018-08-02 0.120 2.389
2018-08-01 0.120 2.267
2018-04-05 0.560 8.359
2018-01-17 0.560 7.018
2017-10-25 0.560 6.324
2017-04-06 0.560 5.103
2017-01-18 0.560 3.733
2016-10-27 0.560 3.298
2016-07-21 3.120 8.673
2016-04-07 3.120 6.220
2016-01-12 3.120 7.180
2015-10-22 3.120 6.727
2015-07-23 3.120 6.568
2015-04-17 3.120 5.660
2015-01-15 3.120 5.728
2014-10-29 3.120 6.287
2014-07-24 3.120 6.202
2014-04-10 3.120 6.386
2014-01-09 3.120 5.643
2013-10-24 3.120 5.641
2013-07-26 3.120 6.161
2013-04-11 3.120 7.933
2013-01-10 3.120 10.196
2012-10-24 3.120 11.151
2012-07-19 3.120 8.998
2012-04-05 3.120 9.103
2012-01-13 3.120 8.212
2011-10-26 3.120 6.969
2011-07-21 3.120 6.899
2011-04-07 3.120 5.285
2011-01-13 3.120 5.652
2010-10-27 3.120 6.035
2010-07-21 3.120 6.155
2010-04-14 3.120 5.580
2010-01-07 3.120 4.998
2009-10-28 3.120 4.834
2009-07-22 3.120 5.732

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of R.R. Donnelley & Sons's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess R.R. Donnelley & Sons's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can R.R. Donnelley & Sons afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. R.R. Donnelley & Sons has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of R.R. Donnelley & Sons's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Knotts
COMPENSATION $7,103,711
AGE 54
TENURE AS CEO 2.5 years
CEO Bio

Mr. Daniel Lee Knotts, also known as Dan, has been the Chief Executive Officer and President of R.R. Donnelley & Sons Company since October 1, 2016. Mr. Knotts brings over 30 years of experience in the printing industry. Mr. Knotts served as the Chief Operating Officer of R.R. Donnelley & Sons Company since January 2013 until September 30, 2016. Mr. Knotts served as the Group President of RR Donnelley Brand at R.R. Donnelley & Sons Company from June 2008 to December 31, 2012. He served as an Executive Vice President of R.R. Donnelley & Sons Company. Mr. Knotts served in a variety of finance, operations, sales management and business unit leadership positions. He served as Group Executive Vice President of Long-run Print Solutions at Moore Wallace Inc. since May 2004. He served as Executive Vice President of R.R. Donnelley & Sons Company April 2007. Mr. Knotts served as the Chief Operating Officer of Global Print Solutions Group at R.R. Donnelley & Sons Company since January 2007 to April 2007. He served as Group Executive Vice President of Long-Run Print Solutions at R.R. Donnelley & Sons Company from March 2, 2004 to June 2007. He served as President of Catalog, Magazines and Retail Solutions of R.R. Donnelley & Sons Company. From 1986 to 2007, he served in various capacities with R.R. Donnelley, including Group Executive Vice President of Operations, Publishing and Retail Services. Mr. Knotts has been a Director of Factory Mutual Insurance Company since April 2015. He has been a Director of R.R. Donnelley & Sons Company since October 1, 2016.

CEO Compensation
  • Daniel's compensation has increased whilst company is loss making.
  • Daniel's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the R.R. Donnelley & Sons management team in years:

2.5
Average Tenure
53
Average Age
  • The tenure for the R.R. Donnelley & Sons management team is about average.
Management Team

Daniel Knotts

TITLE
President
COMPENSATION
$7M
AGE
54
TENURE
2.5 yrs

Terry Peterson

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
53
TENURE
2.5 yrs

Deb Steiner

TITLE
Executive VP
COMPENSATION
$1M
AGE
50
TENURE
2.5 yrs

John Pecaric

TITLE
President of Business Services
COMPENSATION
$2M
AGE
52
TENURE
1 yrs

Mike Sharp

TITLE
Senior VP
AGE
56
TENURE
1.4 yrs

Ken O'Brien

TITLE
Executive VP & Chief Information Officer
AGE
57
TENURE
15.1 yrs

Brian Feeney

TITLE
Senior Vice President of Investor Relations

Sheila Rutt

TITLE
Executive VP & Chief Human Resources Officer
AGE
49
TENURE
1.8 yrs

David Gardella

TITLE
Senior Vice President of Finance
AGE
48

J. Perry

TITLE
Executive VP of Domestic Operations & Chief Supply Chain Officer
AGE
58
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the R.R. Donnelley & Sons board of directors in years:

2.5
Average Tenure
59
Average Age
  • The average tenure for the R.R. Donnelley & Sons board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jack Pope

TITLE
Chairman
COMPENSATION
$456K
AGE
69
TENURE
4.9 yrs

Daniel Knotts

TITLE
President
COMPENSATION
$7M
AGE
54
TENURE
2.5 yrs

Susan Gianinno

TITLE
Independent Director
COMPENSATION
$275K
AGE
69
TENURE
5.8 yrs

Tim McLevish

TITLE
Director
COMPENSATION
$290K
AGE
63
TENURE
2.5 yrs

Paul Phipps

TITLE
Director
COMPENSATION
$290K
AGE
56
TENURE
2.5 yrs

Jamie Moldafsky

TITLE
Director
COMPENSATION
$265K
AGE
57
TENURE
2.5 yrs

Irene Esteves

TITLE
Independent Director
COMPENSATION
$130K
AGE
59
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Aug 18 Buy Kenneth O'Brien Individual 27. Aug 18 27. Aug 18 20,000 €4.48 €89,517
30. Aug 18 Buy Sheila Rutt Individual 21. Aug 18 21. Aug 18 7,500 €4.52 €33,837
30. Aug 18 Buy Terry Peterson Individual 09. Aug 18 09. Aug 18 10,000 €4.26 €42,648
07. May 18 Buy Timothy McLevish Individual 04. May 18 04. May 18 20,000 €5.49 €109,524
X
Management checks
We assess R.R. Donnelley & Sons's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. R.R. Donnelley & Sons has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services. It also provides customer billings, financial statements, healthcare communications, and insurance document statement printing services; distribution, shipping, healthcare, durable goods, promotional, and consumer product goods packaging labels; and packaging solutions, including rigid boxes and in-box print materials for clients in the consumer electronics, life sciences, cosmetics, and consumer packaged goods industries. In addition, this segment offers workflow design, assembly, configuration, kitting, and fulfillment services for clients in the consumer electronics, telecommunications, life sciences, cosmetics, education, and industrial industries. Further, it provides invoices, order, and business forms that support the private and public sectors; and outsourcing services, such as creative services, research and analytics, financial management, and other services for legal providers, insurance, telecommunications, utilities, retail, and financial services companies. The Marketing Solutions segment offers direct marketing, such as audience segmentation, creative development, program testing, print production, postal optimization, and performance analytics for large-scale personalized direct mail programs; and in-store marketing, digital print, kitting, fulfillment, digital, and creative solutions and list services. It operates in the United States, Asia, Europe, and internationally. The company was founded in 1864 and is based in Chicago, Illinois.

Details
Name: R.R. Donnelley & Sons Company
DLLN
Exchange: DB
Founded: 1864
$295,693,202
70,828,621
Website: http://www.rrdonnelley.com
Address: R.R. Donnelley & Sons Company
35 West Wacker Drive,
Chicago,
Illinois, 60601,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RRD Common Stock New York Stock Exchange US USD 02. Jan 1968
DB DLLN Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
BST DLLN Common Stock Boerse-Stuttgart DE EUR 02. Jan 1968
DB DLLN COM Deutsche Boerse AG DE USD 25. Apr 2019
Number of employees
Current staff
Staff numbers
39,500
R.R. Donnelley & Sons employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:52
End of day share price update: 2019/02/27 00:00
Last estimates confirmation: 2019/04/02
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.