Stock Analysis Report

Executive Summary

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

Snowflake Analysis

Undervalued with excellent balance sheet.

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: DBGP's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




GB Commercial Services


GB Market

1 Year Return




GB Commercial Services


GB Market

Return vs Industry: DBGP underperformed the UK Commercial Services industry which returned -19% over the past year.

Return vs Market: DBGP underperformed the UK Market which returned -25% over the past year.

Shareholder returns

7 Day-4.9%-5.1%-5.4%
30 Day-24.4%-29.6%-20.6%
90 Day-34.9%-33.5%-29.1%
1 Year-35.0%-37.0%-17.3%-19.6%-21.5%-25.2%
3 Year-46.1%-50.7%-17.7%-24.7%-15.3%-25.9%
5 Year-15.2%-24.3%-9.2%-22.5%-3.6%-25.1%

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

No news available


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DBGP (€2.31) is trading below our estimate of fair value (€4.24)

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

Price To Earnings Ratio

PE vs Industry: DBGP is good value based on its PE Ratio (6.7x) compared to the Commercial Services industry average (11.4x).

PE vs Market: DBGP is good value based on its PE Ratio (6.7x) compared to the UK market (12.5x).

Price to Earnings Growth Ratio

PEG Ratio: DBGP is poor value based on its PEG Ratio (1.1x)

Price to Book Ratio

PB vs Industry: DBGP is good value based on its PB Ratio (0.7x) compared to the GB Commercial Services industry average (1.5x).

Next Steps

Future Growth

How is Derichebourg forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DBGP's forecast earnings growth (6.3% per year) is above the savings rate (0.5%).

Earnings vs Market: DBGP's earnings (6.3% per year) are forecast to grow slower than the UK market (15.6% per year).

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

Revenue vs Market: DBGP's revenue (2.9% per year) is forecast to grow faster than the UK market (2.4% per year).

High Growth Revenue: DBGP's revenue (2.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DBGP's Return on Equity is forecast to be low in 3 years time (10.8%).

Next Steps

Past Performance

How has Derichebourg performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DBGP has high quality earnings.

Growing Profit Margin: DBGP's current net profit margins (2.1%) are lower than last year (2.3%).

Past Earnings Growth Analysis

Earnings Trend: DBGP has become profitable over the past 5 years, growing earnings by 27.7% per year.

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

Earnings vs Industry: DBGP had negative earnings growth (-17.9%) over the past year, making it difficult to compare to the Commercial Services industry average (11.7%).

Return on Equity

High ROE: DBGP's Return on Equity (11.2%) is considered low.

Next Steps

Financial Health

How is Derichebourg's financial position?

Financial Position Analysis

Short Term Liabilities: DBGP's short term assets (€728.8M) exceed its short term liabilities (€613.0M).

Long Term Liabilities: DBGP's short term assets (€728.8M) exceed its long term liabilities (€418.4M).

Debt to Equity History and Analysis

Debt Level: DBGP's debt to equity ratio (55.3%) is considered high.

Reducing Debt: DBGP's debt to equity ratio has reduced from 74.6% to 55.3% over the past 5 years.

Debt Coverage: DBGP's debt is well covered by operating cash flow (56.8%).

Interest Coverage: DBGP's interest payments on its debt are well covered by EBIT (10.9x coverage).

Balance Sheet

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

Debt Coverage by Assets: DBGP's debt is covered by short term assets (assets are 2.5x debt).

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DBGP's dividend (4.73%) is higher than the bottom 25% of dividend payers in the UK market (2.67%).

High Dividend: DBGP's dividend (4.73%) is low compared to the top 25% of dividend payers in the UK market (7.36%).

Stability and Growth of Payments

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

Growing Dividend: DBGP'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 (31.8%), DBGP's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: DBGP's dividends in 3 years are forecast to be well covered by earnings (31.7% payout ratio).

Next Steps


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


Average board tenure


Daniel Derichebourg (66yo)





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 ($USD271.19K) is below average for companies of similar size in the UK market ($USD1.02M).

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

Board Members

Daniel Derichebourg
Chairman & CEO13.83yrs€248.00kno data
Bernard Val
Independent Director15.83yrs€15.00kno data
Matthieu Pigasse
Independent Director14.5yrsno datano data
Boris Derichebourg
Director12.75yrs€685.00kno data
Thomas Derichebourg
Director12.75yrs€686.00kno data
Olivier Polliart
Chairman of Purfer no datano datano data
Francoise Mahiou
Independent Director4.17yrs€15.00kno data
Ida Derichebourg
Director7.17yrs€15.00kno data
Catherine Claverie
Independent director3.25yrs€15.00kno data


Average Tenure


Average Age

Experienced Board: DBGP's board of directors are seasoned and experienced ( 12.8 years average tenure).


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: DBGP
  • Exchange: BATS-CHIXE
  • Founded: 1956
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: €362.789m
  • Shares outstanding: 159.40m
  • Website:

Number of Employees


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


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


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 Analysis2020/04/03 19:52
End of Day Share Price2020/04/02 00:00
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.