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ALDL

Delta Plus Group ENXTPA:ALDLT Stock Report

Last Price

€58.50

Market Cap

€418.9m

7D

3.4%

1Y

-30.4%

Updated

04 Oct, 2022

Data

Company Financials +
ALDLT fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends3/6

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
Beta1.3
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
7D3.4%3.1%5.1%
1Y-30.4%-8.3%-8.9%

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

FoundedEmployeesCEOWebsite
19772,596Jérôme Benoithttps://www.deltaplusgroup.com

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

12.8x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALDLT income statement (TTM)
Revenue€382.31m
Cost of Revenue€182.61m
Gross Profit€199.70m
Other Expenses€167.06m
Earnings€32.64m

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

Dividends

1.9%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

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
34.4xn/a€60.7m
BB Société BIC
12.5x5.4%€2.8b
SCHP Séché Environnement
15.3x11.6%€613.5m
DBG Derichebourg
3.2x-5.4%€702.6m
ALDLT Delta Plus Group
12.8x11.0%€418.9m

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

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.0%

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

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.4%

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

3/6

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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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.88%

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.


Discover strong dividend paying companies

Management

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

13.3yrs

Average board tenure


CEO

Jérôme Benoit (37 yo)

13.33yrs

Tenure

€390,019

Compensation

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

€33m

Mar 31 2022n/an/a

€33m

Dec 31 2021€390k€221k

€32m

Sep 30 2021n/an/a

€31m

Jun 30 2021n/an/a

€30m

Mar 31 2021n/an/a

€30m

Dec 31 2020€363k€218k

€29m

Sep 30 2020n/an/a

€29m

Jun 30 2020n/an/a

€28m

Mar 31 2020n/an/a

€27m

Dec 31 2019€378k€218k

€27m

Sep 30 2019n/an/a

€25m

Jun 30 2019n/an/a

€23m

Mar 31 2019n/an/a

€22m

Dec 31 2018€390k€213k

€21m

Sep 30 2018n/an/a

€21m

Jun 30 2018n/an/a

€20m

Mar 31 2018n/an/a

€19m

Dec 31 2017€381k€210k

€19m

Sep 30 2017n/an/a

€18m

Jun 30 2017n/an/a

€17m

Mar 31 2017n/an/a

€17m

Dec 31 2016€380k€211k

€17m

Sep 30 2016n/an/a

€16m

Jun 30 2016n/an/a

€15m

Mar 31 2016n/an/a

€14m

Dec 31 2015€316k€204k

€13m

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).


Ownership

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
Institutions729,08910.2%
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 %
50.07%
J B P
3,585,128€209.7m0%no data
9.36%
Ivo Boscardin
670,000€39.2m0%no data
9.13%
Famille Benoit Trust
653,813€38.2m0%no data
1.9%
Jérôme Benoit
135,754€7.9m0%no data
1.8%
Lazard Frères Gestion SAS
128,604€7.5m0%0.14%
1.5%
Hargreave Hale Limited, Asset Management Arm
107,060€6.3m0%0.16%
1.16%
IndÉPendance Et Expansion Am S.à R.L.
83,009€4.9m-9.87%2.26%
1.02%
CM-CIC Asset Management Société anonyme
73,264€4.3m0%0.13%
0.78%
Financiere De l'Echiquier
56,000€3.3m0%0.06%
0.69%
Amundi Asset Management
49,334€2.9m0%no data
0.53%
KBC Asset Management NV
37,773€2.2m0%0.01%
0.37%
Erasmus Gestion
26,530€1.6m0%0.79%
0.36%
Oddo Bhf Asset Management SAS
25,995€1.5m0%0.03%
0.32%
Financiere Arbevel
22,928€1.3m0%0.26%
0.29%
Groupama Asset Management
20,640€1.2m0%0.03%
0.19%
Keren Finance
13,380€782.7k0%0.54%
0.18%
Mandarine Gestion
12,800€748.8k-0.78%0.04%
0.15%
Raymond James Asset Management International, S.A.
10,937€639.8k0%0.27%
0.15%
Value Square NV
10,789€631.2k0%0.23%
0.14%
HSBC Global Asset Management (UK) Limited
9,871€577.5k0%no data
0.12%
SG 29 Haussmann
8,283€484.6k0%0.03%
0.11%
Natixis Investment Managers International
8,161€477.4k0%no data
0.087%
GW&K Investment Management, LLC
6,213€363.5k0%no data
0.063%
Degroof Petercam Asset Services S.A.
4,500€263.3k-10%0.29%
0.052%
Capricorn Partners
3,723€217.8k0%0.09%

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: https://www.deltaplusgroup.com

Number of Employees


Location

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


Listings

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
Earnings2022/06/30
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.