XTRA:DEX

Stock Analysis Report

Executive Summary

Delticom AG operates as an online distributor of tires and automotive accessories in Germany and internationally.

Snowflake

Fundamentals

Fair value with worrying balance sheet.

Share Price & News

How has Delticom's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

DEX

0.4%

DE Online Retail

2.8%

DE Market


1 Year Return

-63.6%

DEX

11.0%

DE Online Retail

2.9%

DE Market

Return vs Industry: DEX underperformed the German Online Retail industry which returned 11% over the past year.

Return vs Market: DEX underperformed the German Market which returned 2.9% over the past year.


Share holder returns

DEXIndustryMarket
7 Day0.3%0.4%2.8%
30 Day-2.3%-7.1%-0.2%
90 Day-36.8%0.8%0.9%
1 Year-62.3%-63.6%11.4%11.0%6.2%2.9%
3 Year-81.7%-83.0%2.5%1.1%18.2%8.0%
5 Year-78.4%-80.8%101.6%97.0%43.1%23.6%

Price Volatility Vs. Market

How volatile is Delticom's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Delticom undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: DEX (€2.97) is trading below our estimate of fair value (€9.93)

Significantly Undervalued: DEX is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: DEX is unprofitable, so we can't compare its PE Ratio to the Online Retail industry average.

PE vs Market: DEX is unprofitable, so we can't compare its PE Ratio to the German market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate DEX's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: DEX is good value based on its PB Ratio (0.9x) compared to the DE Online Retail industry average (1.1x).


Next Steps

Future Growth

How is Delticom expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

106.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: DEX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DEX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DEX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DEX's revenue (4.4% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: DEX's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: DEX's Return on Equity is forecast to be low in 3 years time (4.4%).


Next Steps

Past Performance

How has Delticom performed over the past 5 years?

-44.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DEX is unprofitable, and losses have increased over the past 5 years at a rate of -44.3% per year.

Accelerating Growth: Unable to compare DEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DEX is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (12.6%).


Return on Equity

High ROE: DEX has a negative Return on Equity (-28.37%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: DEX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: DEX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Delticom's financial position?


Financial Position Analysis

Short Term Liabilities: DEX's short term assets (€146.2M) do not cover its short term liabilities (€190.9M)

Long Term Liabilities: DEX's short term assets (146.2M) exceeds its long term liabilities (26.2M)


Debt to Equity History and Analysis

Debt Level: DEX's debt to equity ratio (159.6%) is considered high

Reducing Debt: DEX's debt to equity ratio has increased from 91.8% to 159.6% over the past 5 years.

Debt Coverage: DEX's debt is not well covered by operating cash flow (6.5%).

Interest Coverage: Insufficient data to determine if DEX's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: DEX has a high level of physical assets or inventory.

Debt Coverage by Assets: DEX's debt is covered by short term assets (assets are 2.233480x debt).


Next Steps

Dividend

What is Delticom's current dividend yield, its reliability and sustainability?

2.80%

Expected Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.9%industryaverage3.6%forecastin3Years2.8%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate DEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DEX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: DEX is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DEX's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Delticom's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Andreas Prüfer (55yo)

5.8yrs

Tenure

€630,000

Compensation

Mr. Andreas Prüfer is a Co-Founder of Delticom AG and has been its Co-Chief Executive Officer and Member of Management Board since January 1, 2014. Mr. Prüfer served as Co-Chief Executive Officer and Membe ...


CEO Compensation Analysis

Compensation vs. Market: Andreas's total compensation ($USD696.13K) is above average for companies of similar size in the German market ($USD216.57K).

Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

53yo

Average Age

Experienced Management: DEX's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

11.9yrs

Average Tenure

Experienced Board: DEX's board of directors are seasoned and experienced ( 11.9 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Philip Von Grolmann (44yo)

    CEO, Head of the Purchasing Department & Member of Management Board

    • Tenure: 0yrs
    • Compensation: €336.00k
  • Andreas Prüfer (55yo)

    Co-Founder

    • Tenure: 5.8yrs
    • Compensation: €630.00k
  • Rainer Binder (61yo)

    Co-Founder & Chairman of Supervisory Board

    • Tenure: 5.8yrs
  • Susann Dörsel-Müller (44yo)

    Member of Management Board

    • Tenure: 7.6yrs
    • Compensation: €298.00k
  • Thomas Loock (53yo)

    CFO & Member of Management Board

    • Tenure: 0.2yrs

Board Members

  • Alan Revie

    Member of Supervisory Board

    • Tenure: 13.6yrs
  • Michael Thöne-Flöge

    Deputy Chairman of Supervisory Board

    • Tenure: 11.9yrs
  • Rainer Binder (61yo)

    Co-Founder & Chairman of Supervisory Board

    • Tenure: 5.8yrs

Company Information

Delticom AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Delticom AG
  • Ticker: DEX
  • Exchange: XTRA
  • Founded: 1999
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €37.016m
  • Shares outstanding: 12.46m
  • Website: https://www.delti.com

Number of Employees


Location

  • Delticom AG
  • Brühlstrasse 11
  • Hanover
  • Lower Saxony
  • 30169
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DEXDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2006
DEXXTRA (XETRA Trading Platform)YesOrdinary SharesDEEUROct 2006
0E4JLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2006
DEXDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2006

Biography

Delticom AG operates as an online distributor of tires and automotive accessories in Germany and internationally. Its product range also includes the online second-hand vehicle trade and efood. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 21:32
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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