BME:MDF

Stock Analysis Report

Executive Summary

Duro Felguera, S.A. executes turnkey projects for the energy, industrial, and oil and gas facilities in Spain, Latin America, Europe, Africa and the Middle East, the Asia Pacific, and internationally.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

13.7%

MDF

0.2%

ES Construction

0.5%

ES Market


1 Year Return

-10.6%

MDF

18.7%

ES Construction

4.6%

ES Market

Return vs Industry: MDF underperformed the Spanish Construction industry which returned 18.7% over the past year.

Return vs Market: MDF underperformed the Spanish Market which returned 4.6% over the past year.


Shareholder returns

MDFIndustryMarket
7 Day13.7%0.2%0.5%
30 Day59.6%-1.9%0.9%
90 Day36.1%0.7%0.4%
1 Year-10.6%-10.6%22.7%18.7%8.1%4.6%
3 Year-93.5%-99.2%36.9%28.4%13.6%3.1%
5 Year-97.8%-99.7%31.3%0.3%9.0%-11.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Duro Felguera undervalued compared to its fair value and its price relative to the market?

0.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MDF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MDF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MDF is good value based on its PE Ratio (0.4x) compared to the Construction industry average (11.5x).

PE vs Market: MDF is good value based on its PE Ratio (0.4x) compared to the Spanish market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MDF is overvalued based on its PB Ratio (5.5x) compared to the ES Construction industry average (2.7x).


Next Steps

Future Growth

How is Duro Felguera forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Duro Felguera has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Duro Felguera performed over the past 5 years?

-36.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MDF's earnings have declined by -36.2% per year over the past 5 years.

Accelerating Growth: MDF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MDF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (9.3%).


Return on Equity

High ROE: Whilst MDF's Return on Equity (1152.1%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: MDF has a higher Return on Assets than the Construction industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is Duro Felguera's financial position?


Financial Position Analysis

Short Term Liabilities: MDF's short term assets (€500.8M) exceeds its short term liabilities (€460.7M)

Long Term Liabilities: MDF's short term assets (500.8M) exceeds its long term liabilities (172.4M)


Debt to Equity History and Analysis

Debt Level: MDF is debt free.

Reducing Debt: MDF has no debt compared to 5 years ago when its debt to equity ratio was 67.5%.

Debt Coverage: MDF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MDF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: MDF has a low level of unsold assets or inventory.

Debt Coverage by Assets: MDF's debt is not covered by short term assets (assets are -328.4x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%5.7%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate MDF'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 MDF's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: MDF is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

José María Orihuela Uzal 0

1.8yrs

Tenure

0

Mr. José María Orihuela Uzal has been the Chief Executive Officer at Duro Felguera, S.A., since 2018 and also serves as Director since November 30, 2018. 


Management Age and Tenure

2.5yrs

Average Tenure

Experienced Management: MDF's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

1.6yrs

Average Tenure

Experienced Board: MDF's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

Buy€20,00030 Oct 18
Alejandro Legarda Zaragüeta
EntityIndividual
Shares40,000
Max Price€0.50
Buy€20,00030 Oct 18
Marta Elorza Trueba
EntityIndividual
Shares40,000
Max Price€0.50
Buy€20,00030 Oct 18
Juan Miguel Sucunza Nicasio
EntityIndividual
Shares40,000
Max Price€0.50

Ownership Breakdown


Management Team

  • Secundino Felgueroso Fuentes

    Head of Legal Affairs & Secretary

    • Tenure: 0yrs
  • Javier Sierra Villa

    Corporate Affairs Director

    • Tenure: 0yrs
  • Juan Herrero Rodríguez

    Head of Corporate Production

    • Tenure: 3.1yrs
  • Javier García Laza

    Head of Corporate Affairs

    • Tenure: 3.9yrs
  • José Carlos Cuevas de Miguel

    Head of Administration & Finance

    • Tenure: 2.5yrs
  • José María Orihuela Uzal

    CEO & Director

    • Tenure: 1.8yrs
  • Miguel Peña Penilla

    Head of Corporate Marketing & Sales

    • Tenure: 0.8yrs

Board Members

  • Acacio Faustino Rodriguez García

    Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: €204.00k
  • Rosa Aza Conejo

    Independent Director

    • Tenure: 0.08yrs
  • Ricardo de Guindos Latorre

    Independent Director

    • Tenure: 1.6yrs
  • Ignacio Soria Vidal

    Independent Director

    • Tenure: 1.6yrs
  • José María Orihuela Uzal

    CEO & Director

    • Tenure: 1.8yrs

Company Information

Duro Felguera, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Duro Felguera, S.A.
  • Ticker: MDF
  • Exchange: BME
  • Founded: 1858
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: €42.912m
  • Shares outstanding: 96.00m
  • Website: https://www.dfdurofelguera.com

Number of Employees


Location

  • Duro Felguera, S.A.
  • Parque Científico Tecnológico
  • Calle Ada Byron 90
  • Gijón
  • Principality of Asturias
  • 33203
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MDFBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1992
DF5BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0F7FLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
DURO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
MDFeBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Duro Felguera, S.A. executes turnkey projects for the energy, industrial, and oil and gas facilities in Spain, Latin America, Europe, Africa and the Middle East, the Asia Pacific, and internationally. It o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:52
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
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.