ENXTPA:DLTA

Stock Analysis Report

Executive Summary

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

Rewards

Trading at 35.3% below its fair value

Earnings are forecast to grow 4.84% per year

Earnings grew by 17.1% over the past year

Risk Analysis

Has a high level of debt

Unstable dividend track record



Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

How has Delta Plus Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.1%

DLTA

1.2%

FR Commercial Services

0.5%

FR Market


1 Year Return

37.7%

DLTA

9.0%

FR Commercial Services

21.9%

FR Market

Return vs Industry: DLTA exceeded the French Commercial Services industry which returned 9% over the past year.

Return vs Market: DLTA exceeded the French Market which returned 21.9% over the past year.


Shareholder returns

DLTAIndustryMarket
7 Day-2.1%1.2%0.5%
30 Day5.1%-0.5%-0.7%
90 Day8.6%4.7%4.0%
1 Year40.1%37.7%13.0%9.0%26.2%21.9%
3 Year63.8%57.0%-5.1%-14.8%41.8%28.1%
5 Year367.7%329.1%-5.2%-20.5%78.7%52.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Delta Plus Group undervalued compared to its fair value and its price relative to the market?

35.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DLTA (€45.7) is trading below our estimate of fair value (€70.68)

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


Price To Earnings Ratio

PE vs Industry: DLTA is good value based on its PE Ratio (13.9x) compared to the Commercial Services industry average (15.9x).

PE vs Market: DLTA is good value based on its PE Ratio (13.9x) compared to the French market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: DLTA is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: DLTA is overvalued based on its PB Ratio (2.4x) compared to the FR Commercial Services industry average (1.4x).


Next Steps

Future Growth

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

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLTA's forecast earnings growth (4.8% per year) is above the savings rate (-0.1%).

Earnings vs Market: DLTA's earnings (4.8% per year) are forecast to grow slower than the French market (11.4% per year).

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

Revenue vs Market: DLTA's revenue (6.1% per year) is forecast to grow faster than the French market (4.6% per year).

High Growth Revenue: DLTA's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DLTA's Return on Equity is forecast to be low in 3 years time (15%).


Next Steps

Past Performance

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

18.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DLTA has high quality earnings.

Growing Profit Margin: DLTA's current net profit margins (9.4%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: DLTA's earnings have grown by 18% per year over the past 5 years.

Accelerating Growth: DLTA's earnings growth over the past year (17.1%) is below its 5-year average (18% per year).

Earnings vs Industry: DLTA earnings growth over the past year (17.1%) exceeded the Commercial Services industry -6.8%.


Return on Equity

High ROE: DLTA's Return on Equity (17.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Delta Plus Group's financial position?


Financial Position Analysis

Short Term Liabilities: DLTA's short term assets (€142.6M) exceed its short term liabilities (€91.0M).

Long Term Liabilities: DLTA's short term assets (€142.6M) exceed its long term liabilities (€58.5M).


Debt to Equity History and Analysis

Debt Level: DLTA's debt to equity ratio (57.1%) is considered high.

Reducing Debt: DLTA's debt to equity ratio has reduced from 81.6% to 57.1% over the past 5 years.

Debt Coverage: DLTA's debt is well covered by operating cash flow (22.8%).

Interest Coverage: DLTA's interest payments on its debt are well covered by EBIT (27.1x coverage).


Balance Sheet

Inventory Level: DLTA has a high level of physical assets or inventory.

Debt Coverage by Assets: DLTA's debt is covered by short term assets (assets are 1.8x debt).


Next Steps

Dividend

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

1.53%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.5%markettop25%4.6%industryaverage3.3%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: DLTA's dividend (1.53%) is higher than the bottom 25% of dividend payers in the French market (1.49%).

High Dividend: DLTA's dividend (1.53%) is low compared to the top 25% of dividend payers in the French market (4.6%).


Stability and Growth of Payments

Stable Dividend: DLTA's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.4%), DLTA'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

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

€390k

CEO Compensation


CEO

Jérôme Benoit 0

0yrs

Tenure

€390,245

Compensation

Mr. Jérôme Benoit serves as the Chairman and Chief Executive Officer at Delta Plus Group. 


CEO Compensation Analysis

Compensation vs Market: Jérôme's total compensation ($USD432.98K) is about average for companies of similar size in the French market ($USD418.28K).

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


Insider Trading

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.


Management Team

  • Ivo Boscardin

    Deputy CEO & Director

    • Tenure: 0yrs
    • Compensation: €249.00k
  • Jérôme Benoit

    Chairman and Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: €390.25k
  • Arnaud Danel

    Chief Financial & Administrative Officer

    • Tenure: 0yrs
  • Alexandre Desroches

    Deputy Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: €158.14k
  • Sophie Lapertot

    Human Resources Manager

    • Tenure: 8.5yrs

Board Members

  • Mathieu Bruno

    Director

    • Tenure: 0yrs
    • Compensation: €31.00k
  • Ivo Boscardin

    Deputy CEO & Director

    • Tenure: 0yrs
    • Compensation: €249.00k
  • Jérôme Benoit

    Chairman and Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: €390.25k
  • Pierre Gradenigo

    Director

    • Tenure: 0yrs
    • Compensation: €1.50k
  • Brigitte Benoit

    Director

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Delta Plus Group
  • Ticker: DLTA
  • Exchange: ENXTPA
  • Founded: 1977
  • Industry: Office Services and Supplies
  • Sector: Commercial Services
  • Market Cap: €327.095m
  • Shares outstanding: 7.16m
  • Website: https://www.deltaplus.eu

Number of Employees


Location

  • Delta Plus Group
  • Z.A.C La Peyrolière
  • BP 140
  • Apt
  • Provence-Alpes-Côte d'Azur
  • 84405
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DLTAENXTPA (Euronext Paris)EUR1FREURNo data
DLTAENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 1999
0RUJLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 1999

Biography

Delta Plus Group develops, manufactures, and distributes a range of personal protective equipment worldwide. It provides head protection products, including eyewear, skull, hearing, and respiratory protect ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/10 20:46
End of Day Share Price2019/12/10 00:00
Earnings2019/06/30
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.