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Delta Plus Group ENXTPA:ALDLT Stock Report

Last Price


Market Cap







04 Oct, 2022


Company Financials +
ALDLT fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance2/6
Financial Health3/6

ALDLT Stock Overview

Delta Plus Group designs, manufactures, and distributes a range of personal protective equipment worldwide.

Delta Plus Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Delta Plus Group
Historical stock prices
Current Share Price€58.50
52 Week High€101.80
52 Week Low€54.80
1 Month Change-13.84%
3 Month Change-9.44%
1 Year Change-30.36%
3 Year Change53.14%
5 Year Change30.00%
Change since IPO1,131.58%

Recent News & Updates

Jun 14
Here's Why I Think Delta Plus Group (EPA:ALDLT) Is An Interesting Stock

Here's Why I Think Delta Plus Group (EPA:ALDLT) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Apr 23
Delta Plus Group (EPA:ALDLT) Has A Pretty Healthy Balance Sheet

Delta Plus Group (EPA:ALDLT) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Shareholder Returns

ALDLTFR Commercial ServicesFR Market

Return vs Industry: ALDLT underperformed the French Commercial Services industry which returned -11.8% over the past year.

Return vs Market: ALDLT underperformed the French Market which returned -11.3% over the past year.

Price Volatility

Is ALDLT's price volatile compared to industry and market?
ALDLT volatility
ALDLT Average Weekly Movement5.0%
Commercial Services Industry Average Movement4.4%
Market Average Movement4.9%
10% most volatile stocks in FR Market9.2%
10% least volatile stocks in FR Market2.8%

Stable Share Price: ALDLT is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ALDLT's weekly volatility (5%) has been stable over the past year.

About the Company

19772,596Jérôme Benoit

Delta Plus Group designs, manufactures, and distributes a range of personal protective equipment worldwide. It provides head protection products, including eyewear, skull, hearing, and respiratory protection products; and hand protection products, such as cut, thermal, chemical, mechanical, and craft man’s protection gloves for heavy, multipurpose, DIY, and landscaping work. The company also offers body protection products comprising work wear, technical wear, outdoor wear, and disposable wear products; and foot protection products consisting of shoes, boots, and accessories for ladies and gentlemen.

Delta Plus Group Fundamentals Summary

How do Delta Plus Group's earnings and revenue compare to its market cap?
ALDLT fundamental statistics
Market Cap€418.88m
Earnings (TTM)€32.64m
Revenue (TTM)€382.31m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALDLT income statement (TTM)
Cost of Revenue€182.61m
Gross Profit€199.70m
Other Expenses€167.06m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Feb 09, 2023

Earnings per share (EPS)4.56
Gross Margin52.23%
Net Profit Margin8.54%
Debt/Equity Ratio103.5%

How did ALDLT perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is ALDLT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALDLT?

Other financial metrics that can be useful for relative valuation.

ALDLT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA12.2x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does ALDLT's PE Ratio compare to its peers?

ALDLT PE Ratio vs Peers
The above table shows the PE ratio for ALDLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.4x
SACI Fiducial Office Solutions
BB Société BIC
SCHP Séché Environnement
DBG Derichebourg
ALDLT Delta Plus Group

Price-To-Earnings vs Peers: ALDLT is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

How does ALDLT's PE Ratio compare vs other companies in the European Commercial Services Industry?

Price-To-Earnings vs Industry: ALDLT is good value based on its Price-To-Earnings Ratio (12.8x) compared to the European Commercial Services industry average (13.1x)

Price to Earnings Ratio vs Fair Ratio

What is ALDLT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALDLT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: ALDLT is good value based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

Share Price vs Fair Value

What is the Fair Price of ALDLT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALDLT (€58.5) is trading below our estimate of fair value (€206.45)

Significantly Below Fair Value: ALDLT is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is Delta Plus Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALDLT's forecast earnings growth (11% per year) is above the savings rate (0.3%).

Earnings vs Market: ALDLT's earnings (11% per year) are forecast to grow slower than the French market (11% per year).

High Growth Earnings: ALDLT's earnings are forecast to grow, but not significantly.

Revenue vs Market: ALDLT's revenue (5.1% per year) is forecast to grow slower than the French market (5.3% per year).

High Growth Revenue: ALDLT's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ALDLT's Return on Equity is forecast to be low in 3 years time (15.9%).

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Past Performance

How has Delta Plus Group performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ALDLT has high quality earnings.

Growing Profit Margin: ALDLT's current net profit margins (8.5%) are lower than last year (9.6%).

Past Earnings Growth Analysis

Earnings Trend: ALDLT's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: ALDLT's earnings growth over the past year (7.1%) is below its 5-year average (13.4% per year).

Earnings vs Industry: ALDLT earnings growth over the past year (7.1%) underperformed the Commercial Services industry 31.9%.

Return on Equity

High ROE: ALDLT's Return on Equity (15.3%) is considered low.

Discover strong past performing companies

Financial Health

How is Delta Plus Group's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ALDLT's short term assets (€276.8M) exceed its short term liabilities (€183.5M).

Long Term Liabilities: ALDLT's short term assets (€276.8M) exceed its long term liabilities (€157.2M).

Debt to Equity History and Analysis

Debt Level: ALDLT's net debt to equity ratio (78.2%) is considered high.

Reducing Debt: ALDLT's debt to equity ratio has increased from 72% to 103.5% over the past 5 years.

Debt Coverage: ALDLT's debt is not well covered by operating cash flow (15.1%).

Interest Coverage: ALDLT's interest payments on its debt are well covered by EBIT (21.3x coverage).

Balance Sheet

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What is Delta Plus Group current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Delta Plus Group Dividend Yield vs Market
How does Delta Plus Group dividend yield compare to the market?
SegmentDividend Yield
Company (Delta Plus Group)1.9%
Market Bottom 25% (FR)1.9%
Market Top 25% (FR)6.0%
Industry Average (Commercial Services)3.3%
Analyst forecast in 3 Years (Delta Plus Group)2.4%

Notable Dividend: ALDLT's dividend (1.88%) isn’t notable compared to the bottom 25% of dividend payers in the French market (2%).

High Dividend: ALDLT's dividend (1.88%) is low compared to the top 25% of dividend payers in the French market (6.02%).

Stability and Growth of Payments

Stable Dividend: ALDLT's dividends per share have been stable in the past 10 years.

Growing Dividend: ALDLT's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.3%), ALDLT's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Jérôme Benoit (37 yo)





Mr. Jérôme Benoit serves as Chairman and Chief Executive Officer at Delta Plus Group and serves its Director Since June 12, 2009

CEO Compensation Analysis

Jérôme Benoit's Compensation vs Delta Plus Group Earnings
How has Jérôme Benoit's remuneration changed compared to Delta Plus Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021€390k€221k


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020€363k€218k


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020n/an/a


Dec 31 2019€378k€218k


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019n/an/a


Dec 31 2018€390k€213k


Sep 30 2018n/an/a


Jun 30 2018n/an/a


Mar 31 2018n/an/a


Dec 31 2017€381k€210k


Sep 30 2017n/an/a


Jun 30 2017n/an/a


Mar 31 2017n/an/a


Dec 31 2016€380k€211k


Sep 30 2016n/an/a


Jun 30 2016n/an/a


Mar 31 2016n/an/a


Dec 31 2015€316k€204k


Compensation vs Market: Jérôme's total compensation ($USD388.70K) is about average for companies of similar size in the French market ($USD462.95K).

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

Board Members

Experienced Board: ALDLT's board of directors are seasoned and experienced ( 13.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of ALDLT?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders805,75411.3%
General Public1,386,54519.4%
Private Companies4,238,94159.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.51% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
3,585,128€209.7m0%no data
Ivo Boscardin
670,000€39.2m0%no data
Famille Benoit Trust
653,813€38.2m0%no data
Jérôme Benoit
135,754€7.9m0%no data
Lazard Frères Gestion SAS
Hargreave Hale Limited, Asset Management Arm
IndÉPendance Et Expansion Am S.à R.L.
CM-CIC Asset Management Société anonyme
Financiere De l'Echiquier
Amundi Asset Management
49,334€2.9m0%no data
KBC Asset Management NV
Erasmus Gestion
Oddo Bhf Asset Management SAS
Financiere Arbevel
Groupama Asset Management
Keren Finance
Mandarine Gestion
Raymond James Asset Management International, S.A.
Value Square NV
HSBC Global Asset Management (UK) Limited
9,871€577.5k0%no data
SG 29 Haussmann
Natixis Investment Managers International
8,161€477.4k0%no data
GW&K Investment Management, LLC
6,213€363.5k0%no data
Degroof Petercam Asset Services S.A.
Capricorn Partners

Company Information

Delta Plus Group's employee growth, exchange listings and data sources

Key Information

  • Name: Delta Plus Group
  • Ticker: ALDLT
  • Exchange: ENXTPA
  • Founded: 1977
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Implied Market Cap: €418.879m
  • Shares outstanding: 7.16m
  • Website:

Number of Employees


  • Delta Plus Group
  • Zac La PeyroliEre
  • BP 140
  • Apt
  • Provence-Alpes-Côte d'Azur
  • 84405
  • France


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALDLTENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 1999
0RUJLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999
ALDLTPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 1999
70DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Annual Earnings2021/12/31

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.