LSE:DMGT

Stock Analysis Report

Daily Mail and General Trust

Executive Summary

Daily Mail and General Trust plc manage a portfolio of companies that provides information, analysis, insight, events, and news and entertainment services to businesses and consumers in the United Kingdom, North America, and internationally.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Daily Mail and General Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

13.7%

DMGT

11.1%

GB Media

10.0%

GB Market


1 Year Return

8.3%

DMGT

-35.4%

GB Media

-23.0%

GB Market

Return vs Industry: DMGT exceeded the UK Media industry which returned -33.8% over the past year.

Return vs Market: DMGT exceeded the UK Market which returned -22.7% over the past year.


Shareholder returns

DMGTIndustryMarket
7 Day13.7%11.1%10.0%
30 Day-6.9%-29.0%-17.6%
90 Day-16.9%-43.3%-27.3%
1 Year11.6%8.3%-32.7%-35.4%-18.9%-23.0%
3 Year7.1%-3.6%-42.9%-50.2%-12.9%-24.2%
5 Year-8.6%-22.4%-43.1%-54.8%1.6%-21.8%

Price Volatility Vs. Market

How volatile is Daily Mail and General Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Daily Mail and General Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DMGT (£6.89) is trading below our estimate of fair value (£14.8)

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


Price To Earnings Ratio

PE vs Industry: DMGT is poor value based on its PE Ratio (18x) compared to the Media industry average (17.3x).

PE vs Market: DMGT is poor value based on its PE Ratio (18x) compared to the UK market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: DMGT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DMGT is overvalued based on its PB Ratio (2x) compared to the GB Media industry average (0.8x).


Next Steps

Future Growth

How is Daily Mail and General Trust forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DMGT's earnings are forecast to decline over the next 3 years (-14% per year).

Earnings vs Market: DMGT's earnings are forecast to decline over the next 3 years (-14% per year).

High Growth Earnings: DMGT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DMGT's revenue (1% per year) is forecast to grow slower than the UK market (2.6% per year).

High Growth Revenue: DMGT's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DMGT's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has Daily Mail and General Trust performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DMGT has a large one-off gain of £41.6M impacting its September 30 2019 financial results.

Growing Profit Margin: DMGT's current net profit margins (8.5%) are lower than last year (52.2%).


Past Earnings Growth Analysis

Earnings Trend: DMGT's earnings have grown by 10.8% per year over the past 5 years.

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

Earnings vs Industry: DMGT had negative earnings growth (-83.8%) over the past year, making it difficult to compare to the Media industry average (-1.8%).


Return on Equity

High ROE: DMGT's Return on Equity (14.7%) is considered low.


Next Steps

Financial Health

How is Daily Mail and General Trust's financial position?


Financial Position Analysis

Short Term Liabilities: DMGT's short term assets (£784.3M) exceed its short term liabilities (£629.3M).

Long Term Liabilities: DMGT's short term assets (£784.3M) exceed its long term liabilities (£231.8M).


Debt to Equity History and Analysis

Debt Level: DMGT's debt to equity ratio (27.7%) is considered satisfactory.

Reducing Debt: DMGT's debt to equity ratio has reduced from 162% to 27.7% over the past 5 years.

Debt Coverage: DMGT's debt is well covered by operating cash flow (72.1%).

Interest Coverage: DMGT's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: DMGT's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

What is Daily Mail and General Trust's current dividend yield, its reliability and sustainability?

3.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DMGT's dividend (3.47%) is higher than the bottom 25% of dividend payers in the UK market (2.7%).

High Dividend: DMGT's dividend (3.47%) is low compared to the top 25% of dividend payers in the UK market (7.3%).


Stability and Growth of Payments

Stable Dividend: DMGT's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.4%), DMGT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DMGT's dividends in 3 years are forecast to be covered by earnings (65% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Paul Zwillenberg

3.75s

Tenure

UK£3,736,000

Compensation

Mr. Paul A. Zwillenberg has been Chief Executive Officer of Daily Mail and General Trust plc since June 01, 2016. Mr. Zwillenberg was Global Leader of Media Sector, Senior Partner and Managing Director at  ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD4.63M) is above average for companies of similar size in the UK market ($USD1.93M).

Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Esmond Harmsworth
Executive Chairman22.17yrsUK£3.67m1.38% £21.7m
Paul Zwillenberg
CEO & Director3.75yrsUK£3.74m0.077% £1.2m
Tim Collier
Group CFO & Executive Director2.83yrsUK£3.29m0.093% £1.5m
Kevin Beatty
Executive Director15.25yrsUK£3.79m0.21% £3.4m
John Donegan
Group Accountant & Group Financial Controllerno datano datano data
Rob Chandhok
Chief Technology Officer2yrsno datano data
Adam Webster
Head of Management Information & Investor Relationsno datano datano data
Claire Chapman
General Counselno datano datano data
Alex Moorhouse
Head of Communicationsno datano datano data
Paul Dacre
Chairman & Editor-in-Chief of Associated Newspapers1.42yrsUK£2.68mno data

2.4yrs

Average Tenure

57yo

Average Age

Experienced Management: DMGT's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Esmond Harmsworth
Executive Chairman22.17yrsUK£3.67m1.38% £21.7m
Paul Zwillenberg
CEO & Director3.75yrsUK£3.74m0.077% £1.2m
Tim Collier
Group CFO & Executive Director2.83yrsUK£3.29m0.093% £1.5m
Kevin Beatty
Executive Director15.25yrsUK£3.79m0.21% £3.4m
Jo Ann Roizen
Independent Non-Executive Director7.5yrsUK£234.00kno data
Kevin Allen Parry
Independent Non-Executive Director5.83yrsUK£209.00k0.0055% £86.6k
Dominique Trempont
Independent Non-Executive Director9yrsUK£267.00kno data
David Nelson
Non-Executive Director10.67yrsUK£178.00kno data
Andrew Lane
Non-Executive Director7yrsUK£122.00kno data
Tessa Keswick
Independent Non-Executive Director6.5yrsUK£54.00kno data

7.3yrs

Average Tenure

59yo

Average Age

Experienced Board: DMGT's board of directors are considered experienced (7.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Daily Mail and General Trust plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Daily Mail and General Trust plc
  • Ticker: DMGT
  • Exchange: LSE
  • Founded: 1896
  • Industry: Publishing
  • Sector: Media
  • Market Cap: UK£1.572b
  • Shares outstanding: 228.10m
  • Website: https://www.dmgt.com

Number of Employees


Location

  • Daily Mail and General Trust plc
  • Northcliffe House
  • 2 Derry Street
  • London
  • Greater London
  • W8 5TT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DMGTLSE (London Stock Exchange)YesClass A Ordinary Non-Voting SharesGBGBPJan 1992
DGW2DB (Deutsche Boerse AG)YesClass A Ordinary Non-Voting SharesDEEURJan 1992
DMTG.FOTCPK (Pink Sheets LLC)YesClass A Ordinary Non-Voting SharesUSUSDJan 1992
DMGTLBATS-CHIXE (BATS 'Chi-X Europe')YesClass A Ordinary Non-Voting SharesGBGBPJan 1992
DGW1BST (Boerse-Stuttgart)YesClass A Ordinary Non-Voting SharesDEEURJan 1992

Biography

Daily Mail and General Trust plc manage a portfolio of companies that provides information, analysis, insight, events, and news and entertainment services to businesses and consumers in the United Kingdom, North America, and internationally. It operates through Insurance Risk, Property Information, EdTech, Events and Exhibitions, and Consumer Media segments. The Insurance Risk segment provides risk models, software applications, and analytical data services for the risk and insurance industry to quantify and manage catastrophe risk. The Property Information segment offers risk, valuation, and data solutions for the commercial mortgage-backed securities market, as well as tools, and analytics and models for commercial real estate investors and lenders; and services that use technology, and data and workflow to streamline and reduce the risk associated with commercial and residential property transactions. The EdTech segment provides college, career, and life readiness tools to middle and high schools; student match and fit solutions for college admissions offices; and student success solutions for colleges and universities to guide students from enrolment to degree completion through Naviance, Intersect, and Starfish platforms. The Events and Exhibitions segment organizes B2B exhibitions and conferences focusing on the energy, construction, interiors, hotel, hospitality, and leisure sectors. The Consumer Media segment publishes newspapers under the Daily Mail, The Mail on Sunday, and Metro brands; operates MailOnline and i, an English language newspaper Website; and DailyMailTV. The company was founded in 1896 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 20:36
End of Day Share Price2020/03/30 00:00
Earnings2019/09/30
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.