ENXTPA:DBG

Stock Analysis Report

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Executive Summary

Derichebourg SA provides environmental services to businesses, and local and municipal authorities worldwide.


Snowflake Analysis

Very undervalued with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DBG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.6%

DBG

1.1%

FR Commercial Services

4.7%

FR Market


1 Year Return

-10.3%

DBG

-23.9%

FR Commercial Services

-6.6%

FR Market

Return vs Industry: DBG exceeded the French Commercial Services industry which returned -23.9% over the past year.

Return vs Market: DBG underperformed the French Market which returned -6.6% over the past year.


Shareholder returns

DBGIndustryMarket
7 Day4.6%1.1%4.7%
30 Day11.1%5.4%6.2%
90 Day-9.5%-19.4%-9.6%
1 Year-7.5%-10.3%-22.3%-23.9%-4.9%-6.6%
3 Year-51.5%-55.7%-43.1%-47.9%4.9%-3.5%
5 Year0.3%-10.5%-39.7%-50.0%24.8%8.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

33.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DBG (€2.83) is trading below our estimate of fair value (€4.25)

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


Price To Earnings Ratio

PE vs Industry: DBG is good value based on its PE Ratio (9.6x) compared to the Commercial Services industry average (13.6x).

PE vs Market: DBG is good value based on its PE Ratio (9.6x) compared to the French market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: DBG is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: DBG is good value based on its PB Ratio (0.9x) compared to the FR Commercial Services industry average (1.2x).


Next Steps

Future Growth

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

21.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DBG's forecast earnings growth (21.3% per year) is above the savings rate (0.6%).

Earnings vs Market: DBG's earnings (21.3% per year) are forecast to grow faster than the French market (13.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DBG's revenue (4.1% per year) is forecast to grow faster than the French market (3.9% per year).

High Growth Revenue: DBG's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DBG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Derichebourg performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DBG has high quality earnings.

Growing Profit Margin: DBG's current net profit margins (1.8%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: DBG's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: DBG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DBG had negative earnings growth (-26%) over the past year, making it difficult to compare to the Commercial Services industry average (4.1%).


Return on Equity

High ROE: DBG's Return on Equity (9.5%) is considered low.


Next Steps

Financial Health

How is Derichebourg's financial position?


Financial Position Analysis

Short Term Liabilities: DBG's short term assets (€815.0M) exceed its short term liabilities (€665.5M).

Long Term Liabilities: DBG's short term assets (€815.0M) exceed its long term liabilities (€649.4M).


Debt to Equity History and Analysis

Debt Level: DBG's debt to equity ratio (102.9%) is considered high.

Reducing Debt: DBG's debt to equity ratio has increased from 85% to 102.9% over the past 5 years.

Debt Coverage: DBG's debt is well covered by operating cash flow (23.7%).

Interest Coverage: DBG's interest payments on its debt are well covered by EBIT (9.5x coverage).


Balance Sheet


Next Steps

Dividend

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

3.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DBG's dividend (3.88%) is higher than the bottom 25% of dividend payers in the French market (1.71%).

High Dividend: DBG's dividend (3.88%) is low compared to the top 25% of dividend payers in the French market (5.03%).


Stability and Growth of Payments

Stable Dividend: DBG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DBG's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.1%), DBG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.9yrs

Average board tenure


CEO

Daniel Derichebourg (66yo)

14yrs

Tenure

€248,000

Compensation

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 Offic ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD277.40K) is below average for companies of similar size in the French market ($USD572.68K).

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


Board Members

NamePositionTenureCompensationOwnership
Daniel Derichebourg
Chairman & CEO14yrs€248.00kno data
Bernard Val
Independent Director16yrs€15.00kno data
Matthieu Pigasse
Independent Director14.67yrsno datano data
Boris Derichebourg
Director12.92yrs€685.00kno data
Thomas Derichebourg
Director12.92yrs€686.00kno data
Olivier Polliart
Chairman of Purfer no datano datano data
Francoise Mahiou
Independent Director4.33yrs€15.00kno data
Ida Derichebourg
Director7.33yrs€15.00kno data
Catherine Claverie
Independent director3.42yrs€15.00kno data

12.9yrs

Average Tenure

52.5yo

Average Age

Experienced Board: DBG's board of directors are seasoned and experienced ( 12.9 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

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


Top Shareholders

Company Information

Derichebourg SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Derichebourg SA
  • Ticker: DBG
  • Exchange: ENXTPA
  • Founded: 1956
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: €451.732m
  • Shares outstanding: 159.40m
  • Website: https://www.derichebourg.com

Number of Employees


Location

  • Derichebourg SA
  • 119 avenue du General Michel Bizot
  • Cedex 12
  • Paris
  • Ile-de-France
  • 75579
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DBGENXTPA (Euronext Paris)YesCommon SharesFREURDec 2004
PNUDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2004
0K8WLSE (London Stock Exchange)YesCommon SharesGBEURDec 2004
DBGPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURDec 2004

Biography

Derichebourg SA provides environmental services to businesses, and local and municipal authorities worldwide. The company’s Environmental Services division collects, sorts, recycles, and recovers ferrous and non-ferrous metals; end-of-life consumer goods, including automobiles, electrical and electronic waste, etc.; recuperation materials, such as industrial demolitions; and scrap from transformation processes, including production waste. 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; facility management 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 SA is a subsidiary of CFER. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 09:05
End of Day Share Price2020/06/02 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.