Board Change • May 20
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 (7 non-independent directors). Independent Director Rene Dangel was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 31
Derichebourg SA, Annual General Meeting, Feb 05, 2026 Derichebourg SA, Annual General Meeting, Feb 05, 2026. Location: palais brongniart, 16 place de la bourse, paris France Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Rene Dangel was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Derichebourg SA to Report Fiscal Year 2025 Results on Dec 04, 2025 Derichebourg SA announced that they will report fiscal year 2025 results After-Market on Dec 04, 2025 Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Rene Dangel was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 26
Derichebourg SA, Annual General Meeting, Jan 29, 2025 Derichebourg SA, Annual General Meeting, Jan 29, 2025. Location: 100 boulevard pereire, paris France New Risk • Jun 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Announcement • Apr 17
Derichebourg SA to Report First Half, 2024 Results on May 29, 2024 Derichebourg SA announced that they will report first half, 2024 results on May 29, 2024 Upcoming Dividend • Feb 07
Upcoming dividend of €0.16 per share at 3.4% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 16 February 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (4.3%). Announcement • Jan 31
Derichebourg Sa Approves Dividend, Payable on or After February 16, 2024 Derichebourg SA announced shareholders’ combined general meeting held on January 30, 2024, approved payment of a dividend of €0.16 per share, with the ex-dividend date scheduled for February 14, 2024 and payment on or after February 16, 2024. New Risk • Dec 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (78% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Announcement • Dec 07
Derichebourg SA, Annual General Meeting, Jan 30, 2024 Derichebourg SA, Annual General Meeting, Jan 30, 2024. Agenda: To consider the dividend. Reported Earnings • Dec 07
Full year 2023 earnings released Full year 2023 results: Revenue: €3.62b (down 31% from FY 2022). Net income: €131.3m (down 45% from FY 2022). Profit margin: 3.6% (down from 4.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
Derichebourg SA Proposes Dividend The Board of Directors of Derichebourg SA announced to propose to the General Meeting of January 30, 2024 the payment of a dividend payment of €0.16 per share. Announcement • Aug 16
Derichebourg SA to Report Q3, 2023 Results on Aug 17, 2023 Derichebourg SA announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 17, 2023 Reported Earnings • May 25
First half 2023 earnings released First half 2023 results: Revenue: €1.82b (down 28% from 1H 2022). Net income: €65.9m (down 44% from 1H 2022). Profit margin: 3.6% (down from 4.6% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 6.1%. Announcement • May 20
Derichebourg SA to Report Q2, 2023 Results on May 22, 2023 Derichebourg SA announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on May 22, 2023 Upcoming Dividend • Feb 07
Upcoming dividend of €0.32 per share at 4.7% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 16 February 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.6%). Reported Earnings • Dec 10
Full year 2022 earnings released Full year 2022 results: Revenue: €5.28b (up 46% from FY 2021). Net income: €237.6m (up 37% from FY 2021). Profit margin: 4.5% (down from 4.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.0% p.a. on average during the next 2 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.8%. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Rene Dangel was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €4.41, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total returns to shareholders of 26% over the past three years. Reported Earnings • May 28
First half 2022 earnings released First half 2022 results: Revenue: €2.55b (up 54% from 1H 2021). Net income: €117.8m (up 60% from 1H 2021). Profit margin: 4.6% (up from 4.5% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.4%, compared to a 16% growth forecast for the industry in Germany. Announcement • May 20
Derichebourg SA (ENXTPA:DBG) agreed to acquire 14.7% in Elior Group SA (ENXTPA:ELIOR) from Bim SAS and Gilles Cojan. Derichebourg SA (ENXTPA:DBG) agreed to acquire 14.7% in Elior Group SA (ENXTPA:ELIOR) from Bim SAS and Gilles Cojan for on May 19, 2022. Derichebourg will acquire 14.7% of Elior’s share capital from BIM and Gilles Cojan at a price of €5.65 per Elior share with a potential earn-out clause up to €1.35 per share based on Elior’s share price evolution between January 1st, 2023 and December 31st, 2024. Following this investment, Derichebourg will ask for two seats at Elior’s Board of Directors. The transaction is subject to close on June 30th, 2022. 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. 4 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent director Catherine Claverie was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 18% share price gain to €9.11, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Commercial Services industry in Europe. Total returns to shareholders of 161% over the past three years. Upcoming Dividend • Jan 28
Upcoming dividend of €0.32 per share Eligible shareholders must have bought the stock before 04 February 2022. Payment date: 08 February 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.5%). Reported Earnings • Dec 08
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €3.62b (up 47% from FY 2020). Net income: €174.0m (up €152.7m from FY 2020). Profit margin: 4.8% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improved over the past week After last week's 15% share price gain to €9.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Commercial Services industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.49 per share. Reported Earnings • May 22
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €1.65b (up 27% from 1H 2020). Net income: €73.6m (up 229% from 1H 2020). Profit margin: 4.5% (up from 1.7% in 1H 2020). The increase in margin was driven by higher revenue. Announcement • May 21
Derichebourg SA Provides Earnings Guidance for the Second Half of 2021 to 2022 Derichebourg SA provided earnings guidance for the second half of 2021 to 2022. For the period the company expected that the Group plans to continue its investment policy and at the end of the half-year or the beginning of fiscal 2021-2022 is to: Increase its WEEE (waste electrical and electronic equipment) processing capacity in France. Increase its lead ingot production capacity. The pre-notification file relating to the prospective acquisition of Ecore is currently being reviewed by the competent antitrust authorities. Growth in revenue from services activities (utilities and multiservices) is also expected. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improved over the past week After last week's 18% share price gain to €6.86, the stock is trading at a trailing P/E ratio of 53x, up from the previous P/E ratio of 44.8x. This compares to an average P/E of 19x in the Commercial Services industry in Germany. Total return to shareholders over the past three years is a loss of 6.1%. Is New 90 Day High Low • Feb 13
New 90-day high: €6.86 The company is up 162% from its price of €2.62 on 05 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 34% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.32 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 23% share price gain to €6.20, the stock is trading at a trailing P/E ratio of 45.9x, up from the previous P/E ratio of 37.2x. This compares to an average P/E of 21x in the Commercial Services industry in Europe. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Dec 23
New 90-day high: €4.79 The company is up 98% from its price of €2.42 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.81 per share. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 57% share price gain to €4.13, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 10x. This compares to an average P/E of 20x in the Commercial Services industry in Europe. Total return to shareholders over the past three years is a loss of 50%. Analyst Estimate Surprise Post Earnings • Dec 05
Revenue misses expectations Revenue missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 10%, compared to a 6.2% growth forecast for the Commercial Services industry in Germany. Is New 90 Day High Low • Dec 05
New 90-day high: €4.13 The company is up 73% from its price of €2.39 on 01 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.25 per share. Is New 90 Day High Low • Oct 07
New 90-day high: €2.59 The company is up 3.0% from its price of €2.51 on 09 July 2020. The German market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Commercial Services industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.13 per share. Announcement • Sep 25
Youssef Ahizoune agreed to acquire 51% stake in household waste collection and service delivery activities in Morocco from Derichebourg (ENXTPA:DBG). Youssef Ahizoune agreed to acquire 51% stake in household waste collection and service delivery activities in Morocco from Derichebourg (ENXTPA:DBG) on September 24, 2019. Derichebourg will exit Morocco unit with this transaction. This sale is not expected to have a significant impact on the financial results of Derichebourg.