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Derichebourg

ENXTPA:DBG
Snowflake Description

Very undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DBG
ENXTPA
€559M
Market Cap
  1. Home
  2. FR
  3. Commercial Services
Company description

Derichebourg provides environmental services to businesses, and local and municipal authorities worldwide. The last earnings update was 160 days ago. More info.


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DBG Share Price and Events
7 Day Returns
-3.7%
ENXTPA:DBG
-0.8%
FR Commercial Services
0.6%
FR Market
1 Year Returns
-41.3%
ENXTPA:DBG
-18.4%
FR Commercial Services
-3.9%
FR Market
DBG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Derichebourg (DBG) -3.7% -14.8% -8.4% -41.3% 35.3% 43.3%
FR Commercial Services -0.8% -4.1% 3.2% -18.4% -17.4% -8.1%
FR Market 0.6% -3.3% 3.8% -3.9% 27.3% 27.2%
1 Year Return vs Industry and Market
  • DBG underperformed the Commercial Services industry which returned -18.4% over the past year.
  • DBG underperformed the Market in France which returned -3.9% over the past year.
Price Volatility
DBG
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Derichebourg to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Derichebourg.

ENXTPA:DBG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:DBG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 33%) (43.26%))
0.95
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.95 * 6.65%)
7.05%

Discounted Cash Flow Calculation for ENXTPA:DBG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Derichebourg is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:DBG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.05%)
2019 35.43 Analyst x3 33.10
2020 64.23 Analyst x3 56.05
2021 74.05 Analyst x2 60.36
2022 73.27 Est @ -1.05% 55.79
2023 72.89 Est @ -0.52% 51.84
2024 72.79 Est @ -0.14% 48.36
2025 72.87 Est @ 0.12% 45.23
2026 73.10 Est @ 0.3% 42.38
2027 73.41 Est @ 0.43% 39.76
2028 73.80 Est @ 0.52% 37.33
Present value of next 10 years cash flows €470.20
ENXTPA:DBG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €73.80 × (1 + 0.73%) ÷ (7.05% – 0.73%)
€1,176.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,176.45 ÷ (1 + 7.05%)10
€595.16
ENXTPA:DBG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €470.20 + €595.16
€1,065.36
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,065.36 / 159.80
€6.67
ENXTPA:DBG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €6.67
Current discount Discount to share price of €3.50
= -1 x (€3.50 - €6.67) / €6.67
47.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Derichebourg is available for.
Intrinsic value
48%
Share price is €3.5 vs Future cash flow value of €6.67
Current Discount Checks
For Derichebourg to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Derichebourg's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Derichebourg's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Derichebourg's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Derichebourg's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:DBG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.41
ENXTPA:DBG Share Price ** ENXTPA (2019-05-22) in EUR €3.5
France Commercial Services Industry PE Ratio Median Figure of 13 Publicly-Listed Commercial Services Companies 17.17x
France Market PE Ratio Median Figure of 419 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Derichebourg.

ENXTPA:DBG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:DBG Share Price ÷ EPS (both in EUR)

= 3.5 ÷ 0.41

8.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Derichebourg is good value based on earnings compared to the FR Commercial Services industry average.
  • Derichebourg is good value based on earnings compared to the France market.
Price based on expected Growth
Does Derichebourg's expected growth come at a high price?
Raw Data
ENXTPA:DBG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
9.4%per year
France Commercial Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Commercial Services Companies 1.09x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

ENXTPA:DBG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.47x ÷ 9.4%

0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Derichebourg is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Derichebourg's assets?
Raw Data
ENXTPA:DBG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €3.10
ENXTPA:DBG Share Price * ENXTPA (2019-05-22) in EUR €3.5
France Commercial Services Industry PB Ratio Median Figure of 16 Publicly-Listed Commercial Services Companies 1.16x
France Market PB Ratio Median Figure of 620 Publicly-Listed Companies 1.44x
ENXTPA:DBG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:DBG Share Price ÷ Book Value per Share (both in EUR)

= 3.5 ÷ 3.10

1.13x

* Primary Listing of Derichebourg.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Derichebourg is good value based on assets compared to the FR Commercial Services industry average.
X
Value checks
We assess Derichebourg's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Derichebourg has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Derichebourg expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Derichebourg expected to grow at an attractive rate?
  • Derichebourg's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Derichebourg's earnings growth is positive but not above the France market average.
  • Derichebourg's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:DBG Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:DBG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 9.4%
ENXTPA:DBG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2%
France Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
France Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
France Market Earnings Growth Rate Market Cap Weighted Average 13.3%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:DBG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:DBG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 3,226 1
2022-09-30 3,162 1
2021-09-30 2,995 180 91 2
2020-09-30 2,963 166 78 4
2019-09-30 2,831 156 73 3
ENXTPA:DBG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 2,920 170 68
2018-06-30 2,885 148 74
2018-03-31 2,849 125 79
2017-12-31 2,790 153 78
2017-09-30 2,731 181 76
2017-06-30 2,604 190 62
2017-03-31 2,478 199 47
2016-12-31 2,313 165 33
2016-09-30 2,148 130 18
2016-03-31 2,167 128 19
2015-12-31 2,260 137 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Derichebourg's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • Derichebourg's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:DBG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Derichebourg Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:DBG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.55 0.56 0.54 2.00
2020-09-30 0.48 0.52 0.39 4.00
2019-09-30 0.44 0.48 0.40 3.00
ENXTPA:DBG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.41
2018-06-30 0.45
2018-03-31 0.48
2017-12-31 0.48
2017-09-30 0.48
2017-06-30 0.40
2017-03-31 0.31
2016-12-31 0.21
2016-09-30 0.11
2016-03-31 0.12
2015-12-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Derichebourg is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Derichebourg's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Derichebourg has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Derichebourg performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Derichebourg's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Derichebourg has delivered over 20% year on year earnings growth in the past 5 years.
  • Derichebourg's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Derichebourg's 1-year earnings growth is negative, it can't be compared to the FR Commercial Services industry average.
Earnings and Revenue History
Derichebourg's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Derichebourg Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:DBG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,919.70 67.70 395.70
2018-06-30 2,884.50 73.55 385.50
2018-03-31 2,849.30 79.40 375.30
2017-12-31 2,790.20 77.80 366.45
2017-09-30 2,731.10 76.20 357.60
2017-06-30 2,604.45 61.65 346.50
2017-03-31 2,477.80 47.10 335.40
2016-12-31 2,312.65 32.50 321.00
2016-09-30 2,147.50 17.90 306.60
2016-03-31 2,166.70 18.70 293.90
2015-12-31 2,259.65 24.60 290.80
2015-09-30 2,352.60 30.50 287.70
2015-03-31 2,450.30 36.90 279.00
2014-12-31 2,483.30 14.30 281.35
2014-09-30 2,516.30 -8.30 283.70
2014-06-30 2,521.55 -22.45 287.75
2014-03-31 2,526.80 -36.60 291.80
2013-12-31 2,576.95 -23.95 293.50
2013-09-30 2,627.10 -11.30 295.20
2013-03-31 2,461.20 -7.80 237.70
2012-12-31 2,657.90 3.50 277.90
2012-09-30 2,854.60 14.80 318.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Derichebourg has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Derichebourg used its assets more efficiently than the FR Commercial Services industry average last year based on Return on Assets.
  • Derichebourg has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Derichebourg's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Derichebourg has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Derichebourg's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Derichebourg's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Derichebourg is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Derichebourg's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Derichebourg's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Derichebourg Company Filings, last reported 7 months ago.

ENXTPA:DBG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 511.70 241.80 145.60
2018-06-30 511.70 241.80 145.60
2018-03-31 474.30 264.60 117.50
2017-12-31 474.30 264.60 117.50
2017-09-30 462.50 259.40 146.60
2017-06-30 462.50 259.40 146.60
2017-03-31 377.60 250.00 90.10
2016-12-31 377.60 250.00 90.10
2016-09-30 347.60 273.40 41.90
2016-03-31 341.70 331.70 58.50
2015-12-31 341.70 331.70 58.50
2015-09-30 348.20 282.20 43.70
2015-03-31 345.20 368.40 102.40
2014-12-31 345.20 368.40 102.40
2014-09-30 338.90 322.90 37.00
2014-06-30 338.90 322.90 37.00
2014-03-31 316.50 426.30 77.70
2013-12-31 316.50 426.30 77.70
2013-09-30 355.40 662.90 34.70
2013-03-31 428.90 726.80 48.90
2012-12-31 428.90 726.80 48.90
2012-09-30 409.20 727.70 69.30
  • Derichebourg's level of debt (47.3%) 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 (186% vs 47.3% today).
  • Debt is well covered by operating cash flow (70.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess Derichebourg's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Derichebourg has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4%
Current annual income from Derichebourg dividends. Estimated to be 4.32% next year.
If you bought €2,000 of Derichebourg shares you are expected to receive €80 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Derichebourg's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.58%).
  • Derichebourg's dividend is below the markets top 25% of dividend payers in France (4.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:DBG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
France Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.5%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:DBG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.16 2.00
2020-09-30 0.15 4.00
2019-09-30 0.15 4.00
ENXTPA:DBG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-05 0.140 3.738
2017-12-12 0.140 2.638
2017-12-05 0.140 1.542
2016-12-13 0.020 0.339
2016-10-17 0.020 0.677
2015-12-11 0.050 1.864
2015-12-04 0.050 1.967
2015-05-22 0.000 0.000
2014-12-12 0.000 0.000
2014-12-08 0.000 0.000
2014-01-15 0.060 2.571
2014-01-08 0.060 2.224
2013-05-30 0.000 0.000
2013-05-23 0.000 0.000
2012-12-12 0.000 0.000
2012-12-10 0.000 0.000
2011-12-28 0.090 4.045
2011-12-07 0.090 4.155
2010-05-31 0.000 0.000
2010-05-27 0.000 0.000
2009-12-23 0.000 0.000
2009-12-08 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Derichebourg has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Derichebourg only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Derichebourg's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Derichebourg's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Derichebourg afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Derichebourg has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Derichebourg
COMPENSATION €243,000
AGE 65
TENURE AS CEO 12.9 years
CEO Bio

Mr. Daniel Derichebourg serves as Chairman of the Board at Derichebourg Environnement SAS, DERICHEBOURG RECYCLING USA, Inc. and Financière DBG. Mr. Derichebourg serves as Chairman and Chief Executive Officer at Derichebourg Recycling USA, Inc. He has been Chairman at Derichebourg since 29th June 2006. he is also Chief Executive Officer, President and Member of Environmental Services Committee at Derichebourg. He previously served as Chairman and Chief Executive Officer at Penauille Polyservices SA. He is Managing director in Belgium at TBD FINANCES. He is General partner in Belgium at DBG FINANCES. He serves as Director at CFER, Sem Residence Villeneuve and Paris Sud Hydraulique. He serves as Manager at DBG, SCI LES CHÊNES, SCI LE POIRIER DE PISCOP, SCI HEBSON, SCI DERO IMMO, SCI DU PARC DES CHANTERAINES, SCI DE FONDEYRE, SCI FINANCIÈRE DES EAUX, SCI LES MYRTES DU DETROIT, SCI FINANCIÈRE DES SOURCES, STÉ DES DEMUEYES, SCI BERNES & BRUYÈRES and SCEA DU CHÂTEAU GUITERONDE. He served as Director at AFM RECYCLAGE. He served as Managing director in Belgium DBG FINANCES. He serves as Director at CFF Recycling UK Ltd, Derichebourg A&D Développement, Derichebourg Aqua Maroc, Derichebourg Ifrane, Derichebourg Interim Formation Evolution Maroc, Derichebourg Kenitra, Derichebourg Mazagan, Derichebourg Rabat, Derichebourg Recycling Mexico and Derichebourg Recycling USA, Inc. He was Director at SERVISAIR SAS. He served as Director at Servisair GROUP Ltd, Servisair UK Ltd and Servisair USA Inc.

CEO Compensation
  • Daniel's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Daniel's remuneration is lower than average for companies of similar size in France.
Management Team

Daniel Derichebourg

TITLE
Chairman
COMPENSATION
€243K
AGE
65
TENURE
12.9 yrs

Abderrahmane El Aoufir

TITLE
Deputy Chief Executive Officer
COMPENSATION
€690K
AGE
56

Pierre Candelier

TITLE
Chief Financial Officer
TENURE
5 yrs

Bertrand Bony

TITLE
Director of the Non-Ferrous Metals Branch
COMPENSATION
€1K

François Selton

TITLE
Sales Director of the Scrap Metal Branch
COMPENSATION
€1K
Board of Directors Tenure

Average tenure and age of the Derichebourg board of directors in years:

11.8
Average Tenure
51.5
Average Age
  • The average tenure for the Derichebourg board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Olivier Polliart

TITLE
Chairman of Purfer

Daniel Derichebourg

TITLE
Chairman
COMPENSATION
€243K
AGE
65
TENURE
12.9 yrs

Bernard Val

TITLE
Independent Director
COMPENSATION
€15K
AGE
75
TENURE
14.9 yrs

Boris Derichebourg

TITLE
Director
COMPENSATION
€698K
AGE
39
TENURE
11.8 yrs

Matthieu Pigasse

TITLE
Independent Director
AGE
49
TENURE
13.6 yrs

Thomas Derichebourg

TITLE
Director
COMPENSATION
€617K
AGE
41
TENURE
11.8 yrs

Francoise Mahiou

TITLE
Independent Director
COMPENSATION
€15K
AGE
54
TENURE
3.3 yrs

Ida Derichebourg

TITLE
Director
COMPENSATION
€15K
AGE
86
TENURE
6.3 yrs

Catherine Claverie

TITLE
Independent director
COMPENSATION
€15K
AGE
48
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Derichebourg's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Derichebourg has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's What Derichebourg's (EPA:DBG) P/E Ratio Is Telling Us

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Derichebourg: P/E of 9.09 = €3.75 ÷ €0.41 (Based on the year to September 2018.) Is A High Price-to-Earnings Ratio Good? … The P/E ratio indicates whether the market has higher or lower expectations of a company. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

Simply Wall St -

Is Derichebourg's (EPA:DBG) CEO Salary Justified?

In 2006 Daniel Derichebourg was appointed CEO of Derichebourg (EPA:DBG). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Daniel Derichebourg's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Derichebourg (EPA:DBG) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Derichebourg (EPA:DBG) A Volatile Stock?

In finance, Beta is a measure of volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is Derichebourg’s (EPA:DBG) 15% ROCE Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

What Should Investors Know About Derichebourg's (EPA:DBG) Earnings Trajectory?

In September 2018, Derichebourg (EPA:DBG) released its most recent earnings announcement, whicha … signalled … company

Simply Wall St -

Should Derichebourg (EPA:DBG) Be Part Of Your Dividend Portfolio?

Historically, Derichebourg (EPA:DBG) has been paying a dividend to shareholders. … Does Derichebourg tick all the boxes of a great dividend stock? … 5 questions I ask before picking a dividend stock

Simply Wall St -

If You Had Bought Derichebourg (EPA:DBG) Stock A Year Ago, You'd Be Sitting On A 53% Loss, Today

The share price has slid 53% in that time. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … The share price decline of 53% is actually more than the EPS drop.

Simply Wall St -

Is Derichebourg's (EPA:DBG) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Derichebourg has a price to earnings ratio of 9.21, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is It Time To Consider Buying Derichebourg (EPA:DBG)?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain … Let’s examine Derichebourg’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Company Info

Description

Derichebourg provides environmental services to businesses, and local and municipal authorities worldwide. The company’s Environmental Services division collects, sorts, recycles, and recuperates ferrous and non-ferrous metals; end-of-life consumer goods, including automobiles, electrical and electronic waste, etc.; recuperation materials, such as industrial demolitions; and non-recycled industrial waste products comprising manufacturing waste products. Its Multiservices division provides outsourcing services for industrial and service sector companies, as well as for public services and local authorities. This division offers industrial cleaning and maintenance, and handling/logistics services; electrical and air conditioning engineering, and multi-technical maintenance; remote surveillance; reception desk and corporate event planning, retail and event reception, and mail services; public lightings; urban billboards, and installation and maintenance services for urban furnishings; green spaces, and roads and utility services; general and specialized temporary staffing services; temporary aeronautics and wind farm staffing services; aeronautics recruitment services; and training center services. This division also offers industrial logistics and services, and waste management and transportation services. The company was founded in 1956 and is headquartered in Paris, France. Derichebourg is a subsidiary of CFER.

Details
Name: Derichebourg
DBG
Exchange: ENXTPA
Founded: 1956
€558,991,897
159,803,287
Website: http://www.derichebourg.com
Address: Derichebourg
119 avenue du Général Michel Bizot,
Cedex 12,
Paris,
Ile-de-France, 75579,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA DBG Common Shares Euronext Paris FR EUR 27. Dec 2004
DB PNU Common Shares Deutsche Boerse AG DE EUR 27. Dec 2004
LSE 0K8W Common Shares London Stock Exchange GB EUR 27. Dec 2004
BATS-CHIXE DBGP Common Shares BATS 'Chi-X Europe' GB EUR 27. Dec 2004
Number of employees
Current staff
Staff numbers
36,950
Derichebourg employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 20:53
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2018/12/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.