ENXTPA:DLT

Stock Analysis Report

Executive Summary

Dalet S.A. provides solutions and services that enable media organizations to create, manage, and distribute content worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

DLT

2.1%

FR Software

1.6%

FR Market


1 Year Return

8.1%

DLT

17.2%

FR Software

9.6%

FR Market

Return vs Industry: DLT underperformed the French Software industry which returned 17.2% over the past year.

Return vs Market: DLT underperformed the French Market which returned 9.6% over the past year.


Shareholder returns

DLTIndustryMarket
7 Day0%2.1%1.6%
30 Day3.1%4.2%0.6%
90 Day7.6%1.1%0.6%
1 Year8.1%8.1%17.9%17.2%13.4%9.6%
3 Year41.2%41.2%74.1%70.7%42.9%29.1%
5 Year137.2%137.2%184.2%170.0%71.1%45.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

36.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: DLT (€13.4) is trading above our estimate of fair value (€13.18)

Significantly Undervalued: DLT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DLT is poor value based on its PE Ratio (36.8x) compared to the Software industry average (32.3x).

PE vs Market: DLT is poor value based on its PE Ratio (36.8x) compared to the French market (17.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: DLT is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: DLT is overvalued based on its PB Ratio (3.1x) compared to the FR Software industry average (2.2x).


Next Steps

Future Growth

How is Dalet forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

54.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLT's forecast earnings growth (54.1% per year) is above the savings rate (0.7%).

Earnings vs Market: DLT's earnings (54.1% per year) are forecast to grow faster than the French market (11.4% per year).

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

Revenue vs Market: DLT's revenue (6.8% per year) is forecast to grow faster than the French market (4.5% per year).

High Growth Revenue: DLT's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Dalet performed over the past 5 years?

54.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DLT's earnings have grown significantly by 54.7% per year over the past 5 years.

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

Earnings vs Industry: DLT had negative earnings growth (-27.8%) over the past year, making it difficult to compare to the Software industry average (1.1%).


Return on Equity

High ROE: DLT's Return on Equity (8.4%) is considered low.


Return on Assets

ROA vs Industry: DLT's Return on Assets is below or equal to the Software industry average last year.


Return on Capital Employed

ROCE Improving: DLT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Dalet's financial position?


Financial Position Analysis

Short Term Liabilities: DLT's short term assets (€31.4M) exceeds its short term liabilities (€26.4M)

Long Term Liabilities: DLT's short term assets (31.4M) exceeds its long term liabilities (7.5M)


Debt to Equity History and Analysis

Debt Level: DLT's debt to equity ratio (28.5%) is considered satisfactory

Reducing Debt: DLT's debt to equity ratio has reduced from 47.2% to 28.5% over the past 5 years.

Debt Coverage: DLT's debt is well covered by operating cash flow (159.1%).

Interest Coverage: DLT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: DLT has a low level of unsold assets or inventory.

Debt Coverage by Assets: DLT's debt is covered by short term assets (assets are 7.044150x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate DLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DLT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DLT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DLT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DLT's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

10.3yrs

Average board tenure


CEO

David Lasry (56yo)

0yrs

Tenure

€280,819

Compensation

Mr. David Lasry is the founder of Dalet S.A. and serves as its Chief Executive Officer. Mr. Lasry has been Chairman of the Board at Dalet S.A. since 1997 and also served as its Chairman of the Management B ...


CEO Compensation Analysis

Compensation vs. Market: David's total compensation ($USD312.33K) is about average for companies of similar size in the French market ($USD158.93K).

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


Board Age and Tenure

10.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: DLT's board of directors are seasoned and experienced ( 10.3 years average tenure).


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


Management Team

  • David Lasry (56yo)

    Founder

    • Tenure: 0yrs
    • Compensation: €280.82k
  • Stéphane Guez (56yo)

    Founder

    • Tenure: 10.3yrs
    • Compensation: €218.58k
  • Stéphane Schlayen

    Deputy Chief Sales and Operating Officer

    • Tenure: 0yrs
    • Compensation: €209.81k
  • Salomon Elhadad (57yo)

    Founder and Director

    • Tenure: 10.3yrs
    • Compensation: €250.72k
  • Michael Elhadad (54yo)

    Founder

    • Tenure: 10.3yrs
    • Compensation: €247.77k
  • Nicolas Breugnon

    Chief Administrative and Financial Officer

    • Tenure: 0yrs

Board Members

  • Michaël Gellert (87yo)

    Director

    • Tenure: 0yrs
  • David Lasry (56yo)

    Founder

    • Tenure: 0yrs
    • Compensation: €280.82k
  • Stéphane Guez (56yo)

    Founder

    • Tenure: 10.3yrs
    • Compensation: €218.58k
  • Anna Sokuski (72yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: €6.77k
  • Salomon Elhadad (57yo)

    Founder and Director

    • Tenure: 10.3yrs
    • Compensation: €250.72k
  • Michael Elhadad (54yo)

    Founder

    • Tenure: 10.3yrs
    • Compensation: €247.77k
  • John Pinto

    Director

    • Tenure: 0yrs

Company Information

Dalet S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dalet S.A.
  • Ticker: DLT
  • Exchange: ENXTPA
  • Founded: 1990
  • Industry: Application Software
  • Sector: Software
  • Market Cap: €47.653m
  • Shares outstanding: 3.56m
  • Website: https://www.dalet.com

Number of Employees


Location

  • Dalet S.A.
  • 16, rue Rivay
  • Levallois-Perret
  • Ile-de-France
  • 92300
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DLXX.FOTCPK (Pink Sheets LLC)SHS NEWUSUSDJun 2000
DLTENXTPA (Euronext Paris)YesOrdinary SharesFREURApr 2011
DLTPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 2011

Biography

Dalet S.A. provides solutions and services that enable media organizations to create, manage, and distribute content worldwide. The company offers content production, management, and distribution workflow  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 21:08
End of Day Share Price2019/10/17 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.