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Darling Ingredients

DB:43D
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
43D
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The last earnings update was 74 days ago. More info.


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43D Share Price and Events
7 Day Returns
-1.2%
DB:43D
-4.9%
DE Food
-0.7%
DE Market
1 Year Returns
5%
DB:43D
-1.6%
DE Food
-7.6%
DE Market
43D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Darling Ingredients (43D) -1.2% -0.3% -8.3% 5% 26.1% 24.5%
DE Food -4.9% -3.4% 5.3% -1.6% -17.2% 15%
DE Market -0.7% -0.9% -3.8% -7.6% 8.2% 11.1%
1 Year Return vs Industry and Market
  • 43D outperformed the Food industry which returned -1.6% over the past year.
  • 43D outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
43D
Industry
5yr Volatility vs Market

43D Value

 Is Darling Ingredients 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 Darling Ingredients 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 Darling Ingredients.

DB:43D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
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:43D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (55.79%))
0.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.875 * 5.96%)
5.44%

Discounted Cash Flow Calculation for DB:43D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Darling Ingredients 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:43D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.44%)
2020 110.50 Analyst x2 104.80
2021 -33.00 Analyst x1 -29.68
2022 804.00 Analyst x1 685.80
2023 1,209.82 Est @ 50.47% 978.69
2024 1,638.10 Est @ 35.4% 1,256.74
2025 2,045.16 Est @ 24.85% 1,488.03
2026 2,402.30 Est @ 17.46% 1,657.65
2027 2,697.59 Est @ 12.29% 1,765.32
2028 2,931.55 Est @ 8.67% 1,819.40
2029 3,111.54 Est @ 6.14% 1,831.41
Present value of next 10 years cash flows $11,558.16
DB:43D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $3,111.54 × (1 + 0.23%) ÷ (5.44% – 0.23%)
$59,797.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $59,797.75 ÷ (1 + 5.44%)10
$35,196.14
DB:43D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $11,558.16 + $35,196.14
$46,754.30
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $46,754.30 / 164.75
$283.79
DB:43D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:43D represents 0.89534x of NYSE:DAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89534x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 283.79 x 0.89534
€254.09
Value per share (EUR) From above. €254.09
Current discount Discount to share price of €17.69
= -1 x (€17.69 - €254.09) / €254.09
93%

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

Current Discount
Amount off the current price Darling Ingredients is available for.
Intrinsic value
>50%
Share price is €17.69 vs Future cash flow value of €254.09
Current Discount Checks
For Darling Ingredients to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Darling Ingredients's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Darling Ingredients'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 Darling Ingredients's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Darling Ingredients's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:43D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $0.13
NYSE:DAR Share Price ** NYSE (2019-07-19) in USD $19.76
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Darling Ingredients.

DB:43D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 19.76 ÷ 0.13

146.68x

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

  • Darling Ingredients is overvalued based on earnings compared to the DE Food industry average.
  • Darling Ingredients is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Darling Ingredients's expected growth come at a high price?
Raw Data
DB:43D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 146.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
69.4%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.68x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:43D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 146.68x ÷ 69.4%

2.11x

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

  • Darling Ingredients is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Darling Ingredients's assets?
Raw Data
DB:43D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $13.90
NYSE:DAR Share Price * NYSE (2019-07-19) in USD $19.76
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.06x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:43D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.76 ÷ 13.90

1.42x

* Primary Listing of Darling Ingredients.

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

  • Darling Ingredients is good value based on assets compared to the DE Food industry average.
X
Value checks
We assess Darling Ingredients'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Darling Ingredients has a total score of 3/6, 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.

43D Future Performance

 How is Darling Ingredients expected to perform in the next 1 to 3 years based on estimates from 5 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
69.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Darling Ingredients expected to grow at an attractive rate?
  • Darling Ingredients's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Darling Ingredients's earnings growth is expected to exceed the Germany market average.
  • Darling Ingredients's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:43D Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:43D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 69.4%
DB:43D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.2%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 36%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:43D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:43D Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 3,654 1
2020-12-31 3,647 342 172 5
2019-12-31 3,438 338 122 5
DB:43D Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 3,347 420 22
2018-12-29 3,388 399 101
2018-09-29 3,487 342 167
2018-06-30 3,611 341 180
2018-03-31 3,659 343 220
2017-12-30 3,662 410 128
2017-09-30 3,591 379 63
2017-07-01 3,508 420 84
2017-04-01 3,491 440 107
2016-12-31 3,392 391 102
2016-10-01 3,321 405 146
2016-07-02 3,320 402 108
2016-04-02 3,302 407 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Darling Ingredients's earnings are expected to grow significantly at over 20% yearly.
  • Darling Ingredients's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
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:43D 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 5 Analyst Estimates (S&P Global) See Below

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

DB:43D Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 1.03 1.25 0.88 4.00
2019-12-31 0.79 0.97 0.65 5.00
DB:43D Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 0.13
2018-12-29 0.62
2018-09-29 1.01
2018-06-30 1.09
2018-03-31 1.33
2017-12-30 0.78
2017-09-30 0.38
2017-07-01 0.51
2017-04-01 0.65
2016-12-31 0.62
2016-10-01 0.89
2016-07-02 0.66
2016-04-02 0.48

*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 Darling Ingredients will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Darling Ingredients'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 Europe 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.
Darling Ingredients 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.

43D Past Performance

  How has Darling Ingredients 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 Darling Ingredients's growth in the last year to its industry (Food).
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.
  • Darling Ingredients's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Darling Ingredients's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Darling Ingredients's 1-year earnings growth is negative, it can't be compared to the DE Food industry average.
Earnings and Revenue History
Darling Ingredients'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 Darling Ingredients Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:43D Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 3,347.46 22.20 309.21
2018-12-29 3,387.73 101.50 311.11
2018-09-29 3,487.15 166.58 324.86
2018-06-30 3,610.83 180.38 340.21
2018-03-31 3,659.12 219.94 347.87
2017-12-30 3,662.25 128.47 347.90
2017-09-30 3,590.79 63.28 339.86
2017-07-01 3,508.39 84.21 333.13
2017-04-01 3,490.80 107.06 322.56
2016-12-31 3,391.93 102.31 318.60
2016-10-01 3,320.51 146.20 310.76
2016-07-02 3,320.42 108.42 309.28
2016-04-02 3,302.39 79.50 317.41
2016-01-02 3,391.26 78.53 316.38
2015-10-03 3,587.97 64.05 340.79
2015-07-04 3,712.88 87.45 360.84
2015-04-04 3,884.85 117.13 371.18
2015-01-03 3,956.44 64.22 374.58
2014-09-27 3,463.71 16.77 325.72
2014-06-28 2,910.83 30.10 272.40
2014-03-29 2,303.14 23.76 218.57
2013-12-28 1,802.27 108.97 170.83
2013-09-28 1,719.72 115.28 163.77
2013-06-29 1,746.66 124.80 160.54
2013-03-30 1,759.74 134.60 156.64
2012-12-29 1,772.55 130.77 151.71
2012-09-29 1,707.38 131.47 148.65

*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.
  • Darling Ingredients has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Darling Ingredients used its assets less efficiently than the DE Food industry average last year based on Return on Assets.
  • Darling Ingredients's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Darling Ingredients'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 Food 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.
Darling Ingredients has a total score of 1/6, 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.

43D Health

 How is Darling Ingredients'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 Darling Ingredients's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Darling Ingredients is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Darling Ingredients's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Darling Ingredients'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.
  • Debt is not covered by short term assets, assets are 0.5x debt.
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 Darling Ingredients Company Filings, last reported 3 months ago.

DB:43D Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 2,356.70 1,687.46 95.72
2018-12-29 2,335.82 1,674.43 107.26
2018-09-29 2,315.30 1,679.23 81.47
2018-06-30 2,338.03 1,695.29 104.12
2018-03-31 2,439.24 1,781.15 122.87
2017-12-30 2,327.70 1,714.19 106.77
2017-09-30 2,204.69 1,752.39 110.15
2017-07-01 2,167.21 1,746.92 124.82
2017-04-01 2,103.84 1,752.46 138.88
2016-12-31 2,076.22 1,750.94 114.56
2016-10-01 2,085.40 1,845.53 148.59
2016-07-02 2,058.08 1,905.33 157.82
2016-04-02 2,030.81 1,970.98 147.33
2016-01-02 1,974.61 1,931.02 156.88
2015-10-03 1,916.87 2,024.38 148.89
2015-07-04 1,969.11 2,045.30 126.02
2015-04-04 1,957.94 2,090.73 112.13
2015-01-03 2,051.13 2,152.44 108.78
2014-09-27 2,071.43 2,283.23 193.43
2014-06-28 2,123.87 2,371.27 143.79
2014-03-29 2,095.75 2,392.95 143.42
2013-12-28 2,020.95 886.84 870.86
2013-09-28 1,158.31 250.16 8.01
2013-06-29 1,127.11 250.18 133.57
2013-03-30 1,097.86 250.20 121.78
2012-12-29 1,062.44 250.22 103.25
2012-09-29 1,035.58 250.24 87.69
  • Darling Ingredients's level of debt (71.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (114.1% vs 71.6% today).
  • Debt is well covered by operating cash flow (24.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Darling Ingredients'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. Darling Ingredients 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.

43D Dividends

 What is Darling Ingredients'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
0%
Current annual income from Darling Ingredients dividends. Estimated to be 0% next year.
If you bought €2,000 of Darling Ingredients shares you are expected to receive €0 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?
  • Unable to evaluate Darling Ingredients's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Darling Ingredients's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:43D 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 5 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:43D Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Darling Ingredients has not reported any payouts.
  • Unable to verify if Darling Ingredients's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Darling Ingredients's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Darling Ingredients has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Darling Ingredients's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Darling Ingredients'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 Darling Ingredients afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Darling Ingredients has a total score of 0/6, see the detailed checks below.


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

43D Management

 What is the CEO of Darling Ingredients'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
Randall Stuewe
COMPENSATION $5,846,278
AGE 56
TENURE AS CEO 16.4 years
CEO Bio

Mr. Randall C. Stuewe, also known as Randy, has been the Chairman and Chief Executive Officer of Darling Ingredients Inc. since February, 3, 2003. Mr. Stuewe served as the President of ConAgra Foods, Inc. and its Executive Vice President from 1996 to 2002. He served as President of Gilroy Foods Inc. He served for twelve years in management, sales and trading positions at Cargill, Inc. Mr. Stuewe has been a Director at Darling Ingredients Inc. since 2003.

CEO Compensation
  • Randall's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Randall's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Darling Ingredients management team in years:

3.2
Average Tenure
59
Average Age
  • The tenure for the Darling Ingredients management team is about average.
Management Team

Randall Stuewe

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
56
TENURE
16.4 yrs

Brad Phillips

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
60
TENURE
1.5 yrs

Jan van der Velden

TITLE
Executive Vice President of International Rendering & Specialties
COMPENSATION
$2M
AGE
55
TENURE
5.5 yrs

Rick Elrod

TITLE
Executive Vice President of Darling U.S. Rendering Operations
COMPENSATION
$1M
AGE
59
TENURE
4.3 yrs

Jos Vervoort

TITLE
Executive Vice President of Rousselot
COMPENSATION
$1M
AGE
60
TENURE
2.2 yrs

Brenda Snell

TITLE
Chief Accounting Officer
AGE
62
TENURE
1.6 yrs

John Muse

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$3M
AGE
70
TENURE
1.5 yrs

Melissa Gaither

TITLE
Vice President of Investor Relations & Global Communications

John Sterling

TITLE
Executive VP
COMPENSATION
$2M
AGE
55
TENURE
11.9 yrs

Michael Rath

TITLE
Chief Risk Officer & Senior VP – Commodities
COMPENSATION
$715K
AGE
54
Board of Directors Tenure

Average tenure and age of the Darling Ingredients board of directors in years:

3.5
Average Tenure
68
Average Age
  • The tenure for the Darling Ingredients board of directors is about average.
Board of Directors

Randall Stuewe

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
56
TENURE
16.4 yrs

Charles Macaluso

TITLE
Lead Director
COMPENSATION
$317K
AGE
75

Gene Ewing

TITLE
Director
COMPENSATION
$233K
AGE
70
TENURE
8.2 yrs

Mary Korby

TITLE
Director
COMPENSATION
$227K
AGE
74
TENURE
4.8 yrs

Michael Rescoe

TITLE
Director
COMPENSATION
$207K
AGE
66
TENURE
2.2 yrs

Dirk Kloosterboer

TITLE
Director
COMPENSATION
$194K
AGE
65
TENURE
5.5 yrs

Cynthia Pharr Lee

TITLE
Independent Director
COMPENSATION
$206K
AGE
70
TENURE
3.5 yrs

Gary Mize

TITLE
Independent Director
COMPENSATION
$211K
AGE
68
TENURE
3.5 yrs

Chuck Adair

TITLE
Director
COMPENSATION
$212K
AGE
68
TENURE
2.2 yrs

Linda Goodspeed

TITLE
Director
COMPENSATION
$208K
AGE
57
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Mar 19 Sell Randall Stuewe Individual 11. Mar 19 11. Mar 19 -68,940 €18.72 €-1,290,240
11. Mar 19 Buy Charles Adair Individual 08. Mar 19 08. Mar 19 1,000 €18.68 €18,677
07. Mar 19 Sell Randall Stuewe Individual 05. Mar 19 05. Mar 19 -21,060 €19.47 €-410,062
20. Nov 18 Buy Charles Adair Individual 16. Nov 18 16. Nov 18 1,000 €17.67 €17,670
X
Management checks
We assess Darling Ingredients'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. Darling Ingredients 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.

43D News

Simply Wall St News

43D Company Info

Description

Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries. The company collects and transforms various animal by-product streams into useable and specialty ingredients, such as collagen, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings, and hides. It also recovers and converts used cooking oil and animal fats, and residual bakery products into valuable feed and fuel ingredients. In addition, the company provides environmental services, including grease trap collection and disposal services to food service establishments. It primarily operates under the Sonac, Dar Pro, Rothsay, Rousselot, CTH, Ecoson, and Rendac brand names in North America, Europe, China, South America, Australia, and internationally. The company was formerly known as Darling International Inc. and changed its name to Darling Ingredients Inc. in May 2014. Darling Ingredients Inc. was founded in 1882 and is headquartered in Irving, Texas.

Details
Name: Darling Ingredients Inc.
43D
Exchange: DB
Founded: 1882
$2,901,244,925
164,748,806
Website: http://www.darlingii.com
Address: Darling Ingredients Inc.
5601 North MacArthur Boulevard,
Irving,
Texas, 75038,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DAR Common Stock New York Stock Exchange US USD 07. Sep 1994
DB 43D Common Stock Deutsche Boerse AG DE EUR 07. Sep 1994
Number of employees
Current staff
Staff numbers
9,800
Darling Ingredients employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 23:20
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


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.