LSE:DPEU

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

DP Eurasia N.V. operates corporate-owned and franchised stores under the Domino’s Pizza brand.


Snowflake Analysis

Slightly overvalued with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DPEU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-14.5%

DPEU

1.1%

GB Hospitality

2.2%

GB Market


1 Year Return

-64.2%

DPEU

-26.9%

GB Hospitality

-10.0%

GB Market

Return vs Industry: DPEU underperformed the UK Hospitality industry which returned -26.9% over the past year.

Return vs Market: DPEU underperformed the UK Market which returned -10% over the past year.


Shareholder returns

DPEUIndustryMarket
7 Day-14.5%1.1%2.2%
30 Day-26.7%4.6%9.6%
90 Day-42.6%-16.0%-2.6%
1 Year-64.2%-64.2%-24.4%-26.9%-5.7%-10.0%
3 Yearn/a-17.7%-26.7%-1.8%-13.8%
5 Yearn/a2.4%-15.9%15.5%-10.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

28.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DPEU (£0.33) is trading below our estimate of fair value (£0.46)

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


Price To Earnings Ratio

PE vs Industry: DPEU is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: DPEU is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DPEU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DPEU is overvalued based on its PB Ratio (3.7x) compared to the GB Hospitality industry average (1x).


Next Steps

Future Growth

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

8.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if DPEU's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if DPEU's earnings are forecast to grow faster than the UK market

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

Revenue vs Market: DPEU's revenue (8.9% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: DPEU's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DPEU's Return on Equity is forecast to be high in 3 years time (28.5%)


Next Steps

Past Performance

How has DP Eurasia performed over the past 5 years?

-15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DPEU is currently unprofitable.

Growing Profit Margin: DPEU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DPEU is unprofitable, and losses have increased over the past 5 years at a rate of -15.3% per year.

Accelerating Growth: Unable to compare DPEU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DPEU is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-10.9%).


Return on Equity

High ROE: DPEU has a negative Return on Equity (-5.09%), as it is currently unprofitable.


Next Steps

Financial Health

How is DP Eurasia's financial position?


Financial Position Analysis

Short Term Liabilities: DPEU's short term assets (TRY337.3M) do not cover its short term liabilities (TRY435.8M).

Long Term Liabilities: DPEU's short term assets (TRY337.3M) do not cover its long term liabilities (TRY377.0M).


Debt to Equity History and Analysis

Debt Level: DPEU's debt to equity ratio (288.1%) is considered high.

Reducing Debt: DPEU's debt to equity ratio has increased from 142.2% to 288.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable DPEU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DPEU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19% per year.


Next Steps

Dividend

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

0.44%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if DPEU'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 DPEU's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Aslan Saranga (50yo)

no data

Tenure

₺3,215,510

Compensation

Mr. Aslan Saranga serves as the Chief Executive Officer, Head of Leadership, Executive Director and Chief Executive Officer of Turkish Operations at DP Eurasia N.V. Mr. Saranga served as the founding Chief ...


CEO Compensation Analysis

Compensation vs Market: Aslan's total compensation ($USD477.21K) is above average for companies of similar size in the UK market ($USD339.72K).

Compensation vs Earnings: Aslan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Aslan Saranga
CEO, Head of Leadership & Executive Directorno data₺3.22m5.58% TRY2.7m
Frederieke Slot
Company Secretary & Executive Director2.92yrs₺1.01mno data
Neval Alpagut
Chief Financial Officer3.42yrsno datano data
Aziz Babacan
Corporate Operations Director8.42yrsno datano data
Gökhan Süderbay
Chief Technology Officer1.83yrsno datano data
Selim Kender
Chief Strategy Officer & Head of Investor Relationsno datano datano data
Maria Utvenko
Head of Human Resourcesno datano datano data
Kerem Ciritci
Chief Growth Officer2.42yrsno datano data
Mustafa Özgül
Chief Executive Officer of Russian Operations6.42yrsno datano data
Igor Kiselev
Head of Information Technologyno datano datano data

3.2yrs

Average Tenure

Experienced Management: DPEU's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Aslan Saranga
CEO, Head of Leadership & Executive Directorno data₺3.22m5.58% TRY2.7m
Frederieke Slot
Company Secretary & Executive Director2.92yrs₺1.01mno data
Seymur Tari
Non-Executive Director3yrsno datano data
Thomas Singer
Senior Independent Non-Executive Director2.92yrs₺502.22k0.034% TRY16.5k
Peter Williams
Independent Chairman2.92yrs₺1.08m0.056% TRY27.0k
Izzet Talu
Non-Executive Director3yrsno datano data
Aksel Sahin
Non-Executive Director3yrsno datano data

3.0yrs

Average Tenure

53yo

Average Age

Experienced Board: DPEU's board of directors are considered experienced (3 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

DP Eurasia N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DP Eurasia N.V.
  • Ticker: DPEU
  • Exchange: LSE
  • Founded: 1996
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: UK£47.973m
  • Shares outstanding: 145.37m
  • Website: https://www.dpeurasia.com

Number of Employees


Location

  • DP Eurasia N.V.
  • Luna Arena
  • Herikerbergweg 238
  • Amsterdam
  • Noord-Holland
  • 1101 CM
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DPEULSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2017
DPEULBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJun 2017
D5PDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2017
D5PBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJun 2017

Biography

DP Eurasia N.V. operates corporate-owned and franchised stores under the Domino’s Pizza brand. It offers pizza delivery and takeaway/eat-in services. As of December 31, 2019, it operated 765 stores, which included 550 in Turkey, 203 in Russia, eight in Azerbaijan, and four in Georgia. The company was founded in 1996 and is based in Amsterdam, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 01:05
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.