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 moderate growth potential.

Risks

  • Delticom has significant price volatility in the past 3 months.
  • Delticom is covered by less than 3 analysts.

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

-1.4%

XTRA:DEX

-2.9%

DE Online Retail

0.2%

DE Market


1 Year Return

-66.8%

XTRA:DEX

-12.7%

DE Online Retail

-10.0%

DE Market

DEX underperformed the Online Retail industry which returned -13.6% over the past year.

DEX underperformed the Market in Germany which returned -10.4% over the past year.


Share holder returns

DEXIndustryMarket
7 Day-1.4%-2.9%0.2%
30 Day-26.1%2.4%-3.3%
90 Day-51.2%6.2%-3.9%
1 Year-65.7%-66.8%-12.4%-12.7%-7.1%-10.0%
3 Year-81.4%-82.7%2.6%1.1%11.3%1.7%
5 Year-84.8%-86.5%8.7%-1.9%25.8%8.4%

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

Delticom's share price is below the future cash flow value, and at a moderate discount (> 20%).

Delticom's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Delticom is loss making, we can't compare its value to the Europe Online Retail industry average.

Delticom is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Delticom, we can't assess if its growth is good value.


Price Based on Value of Assets

Delticom is good value based on assets compared to the DE Online Retail industry average.


Next Steps

Future Growth

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

69.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Delticom's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).

Delticom's earnings are expected to grow significantly at over 20% yearly.

Delticom's revenue growth is positive but not above the Germany market average.

Delticom's earnings growth is expected to exceed the Germany market average.

Delticom's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Delticom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Delticom performed over the past 5 years?

-30.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Delticom does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Delticom's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Delticom's 1-year growth to the Europe Online Retail industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Delticom has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Delticom has efficiently used its assets last year compared to the Europe Online Retail industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Delticom improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Delticom's financial position?


Financial Position Analysis

Delticom's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Delticom's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Delticom's level of debt (62.7%) 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 (63.3% vs 62.7% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Delticom's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.8x debt.


Next Steps

Dividend

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

2.85%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Delticom's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Delticom's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Delticom has not reported any payouts.

Unable to verify if Delticom's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Delticom has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

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

11.8yrs

Average board tenure


CEO

Andreas Prüfer (55yo)

5.6yrs

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

Andreas's remuneration is higher than average for companies of similar size in Germany.

Andreas's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

11.8yrs

Average Tenure

The average tenure for the Delticom board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Philip Von Grolmann (44yo)

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

    • Tenure: 0.0yrs
    • Compensation: €336.00k
  • Andreas Prüfer (55yo)

    Co-Founder

    • Tenure: 5.6yrs
    • Compensation: €630.00k
  • Rainer Binder (61yo)

    Co-Founder & Chairman of Supervisory Board

    • Tenure: 5.6yrs
  • Susann Dörsel-Müller (44yo)

    Member of Management Board

    • Tenure: 7.4yrs
    • Compensation: €298.00k
  • Thomas Loock (53yo)

    CFO & Member of Management Board

    • Tenure: 0.0yrs

Board Members

  • Alan Revie

    Member of Supervisory Board

    • Tenure: 13.4yrs
  • Michael Thöne-Flöge

    Deputy Chairman of Supervisory Board

    • Tenure: 11.8yrs
  • Rainer Binder (61yo)

    Co-Founder & Chairman of Supervisory Board

    • Tenure: 5.6yrs

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: €36.393m
  • 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 Analysis2019/08/19 21:17
End of Day Share Price2019/08/19 00:00
Earnings2018/12/31
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.