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PNU

Derichebourg DB:PNU Stock Report

Last Price

€5.98

Market Cap

€941.2m

7D

-1.7%

1Y

-28.9%

Updated

29 Jun, 2022

Data

Company Financials +
PNU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance6/6
Financial Health4/6
Dividends5/6

PNU Stock Overview

Derichebourg SA provides environmental services to businesses, and local and municipal authorities worldwide.

Derichebourg Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Derichebourg
Historical stock prices
Current Share Price€5.98
52 Week High€12.10
52 Week Low€5.85
Beta1.54
1 Month Change-22.90%
3 Month Change-37.20%
1 Year Change-28.91%
3 Year Change84.64%
5 Year Change-21.38%
Change since IPO-15.73%

Recent News & Updates

Shareholder Returns

PNUDE Commercial ServicesDE Market
7D-1.7%-1.5%-1.3%
1Y-28.9%-22.2%-22.2%

Return vs Industry: PNU underperformed the German Commercial Services industry which returned -21.7% over the past year.

Return vs Market: PNU underperformed the German Market which returned -21.5% over the past year.

Price Volatility

Is PNU's price volatile compared to industry and market?
PNU volatility
PNU Average Weekly Movement5.9%
Commercial Services Industry Average Movement6.6%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market2.9%

Stable Share Price: PNU is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PNU's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195638,154Daniel Derichebourghttps://www.derichebourg.com

Derichebourg SA provides environmental services to businesses, and local and municipal authorities worldwide. The company’s Environmental Services division engages in collection, sorting, recycling, and recovering of ferrous and non-ferrous metals from end-of-life consumer goods, including automobiles, electrical and electronic waste, etc.; recuperation materials, such as industrial demolitions; and new scrap from transformation processes, which include production waste. The division also offers waste collection and urban cleaning services; manages waste collection center and consumer; collects and treats wastewater; produces and distributes drinking water; and treats xenobiotics.

Derichebourg Fundamentals Summary

How do Derichebourg's earnings and revenue compare to its market cap?
PNU fundamental statistics
Market Cap€941.24m
Earnings (TTM)€218.20m
Revenue (TTM)€4.51b

4.3x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PNU income statement (TTM)
Revenue€4.51b
Cost of Revenue€3.52b
Gross Profit€996.00m
Other Expenses€777.80m
Earnings€218.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.37
Gross Margin22.06%
Net Profit Margin4.83%
Debt/Equity Ratio96.0%

How did PNU perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PNU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNU?

Other financial metrics that can be useful for relative valuation.

PNU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA4x
PEG Ratio-2.7x

Price to Earnings Ratio vs Peers

How does PNU's PE Ratio compare to its peers?

PNU PE Ratio vs Peers
The above table shows the PE ratio for PNU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.7x
BFSA Befesa
19x16.4%€1.9b
ABA ALBA
27.9x3.6%€304.1m
GBF Bilfinger
11x1.6%€1.2b
CWC CEWE Stiftung KGaA
12.8x9.6%€566.8m
PNU Derichebourg
4.3x-1.6%€941.2m

Price-To-Earnings vs Peers: PNU is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (17.7x).


Price to Earnings Ratio vs Industry

How does PNU's PE Ratio compare vs other companies in the European Commercial Services Industry?

Price-To-Earnings vs Industry: PNU is good value based on its Price-To-Earnings Ratio (4.3x) compared to the German Commercial Services industry average (16.2x)


Price to Earnings Ratio vs Fair Ratio

What is PNU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: PNU is good value based on its Price-To-Earnings Ratio (4.3x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).


Share Price vs Fair Value

What is the Fair Price of PNU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PNU (€5.98) is trading below our estimate of fair value (€21.81)

Significantly Below Fair Value: PNU is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: PNU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Derichebourg forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PNU's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: PNU's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: PNU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PNU's revenue (5.1% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: PNU's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PNU's Return on Equity is forecast to be high in 3 years time (20.8%)


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Past Performance

How has Derichebourg performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PNU has high quality earnings.

Growing Profit Margin: PNU's current net profit margins (4.8%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: PNU's earnings have grown significantly by 22.4% per year over the past 5 years.

Accelerating Growth: PNU's earnings growth over the past year (201%) exceeds its 5-year average (22.4% per year).

Earnings vs Industry: PNU earnings growth over the past year (201%) exceeded the Commercial Services industry 39.1%.


Return on Equity

High ROE: PNU's Return on Equity (28.1%) is considered high.


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Financial Health

How is Derichebourg's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PNU's short term assets (€1.4B) exceed its short term liabilities (€1.2B).

Long Term Liabilities: PNU's short term assets (€1.4B) exceed its long term liabilities (€948.0M).


Debt to Equity History and Analysis

Debt Level: PNU's net debt to equity ratio (47.9%) is considered high.

Reducing Debt: PNU's debt to equity ratio has increased from 46.1% to 96% over the past 5 years.

Debt Coverage: PNU's debt is well covered by operating cash flow (43.9%).

Interest Coverage: PNU's interest payments on its debt are well covered by EBIT (15.3x coverage).


Balance Sheet


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Dividend

What is Derichebourg current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.42%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PNU's dividend (5.42%) is higher than the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: PNU's dividend (5.42%) is in the top 25% of dividend payers in the German market (4.49%)


Stability and Growth of Payments

Stable Dividend: PNU's dividend payments have been volatile in the past 10 years.

Growing Dividend: PNU's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.4%), PNU's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (21.2%), PNU's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

14.9yrs

Average board tenure


CEO

Daniel Derichebourg (68 yo)

16yrs

Tenure

€469,000

Compensation

Mr. Daniel Derichebourg serves as Chairman of the Board at Derichebourg Environnement SAS, DERICHEBOURG RECYCLING USA, Inc. and Financière DBG. Mr. Derichebourg serves as Chairman and Chief Executive Offic...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD491.05K) is below average for companies of similar size in the German market ($USD1.32M).

Compensation vs Earnings: Daniel's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: PNU's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Derichebourg SA's employee growth, exchange listings and data sources


Key Information

  • Name: Derichebourg SA
  • Ticker: PNU
  • Exchange: DB
  • Founded: 1956
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Implied Market Cap: €941.242m
  • Shares outstanding: 159.40m
  • Website: https://www.derichebourg.com

Number of Employees


Location

  • Derichebourg SA
  • 119, avenue du Général Michel Bizot
  • Cedex 12
  • Paris
  • Ile-de-France
  • 75579
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.