Dixons Carphone
Market Cap
UK£1.6b
Last Updated
2019/12/12 21:19 UTC
Data Sources
Company Financials +
Executive Summary
Dixons Carphone plc operates as a consumer electrical and mobile retailer and services company.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Dixons Carphone's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DC. has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
12.6%
DC.
1.3%
GB Specialty Retail
0.5%
GB Market
1 Year Return
-2.6%
DC.
22.0%
GB Specialty Retail
7.0%
GB Market
Return vs Industry: DC. underperformed the UK Specialty Retail industry which returned 22% over the past year.
Return vs Market: DC. underperformed the UK Market which returned 7% over the past year.
Shareholder returns
| DC. | Industry | Market | |
|---|---|---|---|
| 7 Day | 12.6% | 1.3% | 0.5% |
| 30 Day | 12.0% | 2.6% | -0.3% |
| 90 Day | 15.8% | 7.2% | 0.4% |
| 1 Year | 3.3%-2.6% | 26.5%22.0% | 12.6%7.0% |
| 3 Year | -51.8%-59.2% | 6.4%-4.5% | 18.7%3.6% |
| 5 Year | -61.1%-68.5% | 11.3%-6.1% | 41.8%9.3% |
Price Volatility Vs. Market
How volatile is Dixons Carphone's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Are Insiders Buying Dixons Carphone plc (LON:DC.) Stock?1 month ago | Simply Wall St
Is Dixons Carphone plc (LON:DC.) A Good Dividend Stock?1 month ago | Simply Wall St
Dixons Carphone (LON:DC.) Has A Somewhat Strained Balance SheetValuation
Is Dixons Carphone 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: DC. (£1.41) is trading below our estimate of fair value (£6.35)
Significantly Below Fair Value: DC. is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DC. is unprofitable, so we can't compare its PE Ratio to the Specialty Retail industry average.
PE vs Market: DC. 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 DC.'s PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DC. is good value based on its PB Ratio (0.6x) compared to the GB Specialty Retail industry average (1x).
Next Steps
Future Growth
How is Dixons Carphone forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
82.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DC. is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: DC. is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DC.'s is expected to become profitable in the next 3 years.
Revenue vs Market: DC.'s revenue is expected to decline over the next 3 years (-0.09% per year).
High Growth Revenue: DC.'s revenue is forecast to decline over the next 3 years (-0.09% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DC.'s Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Dixons Carphone performed over the past 5 years?
-34.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DC. is currently unprofitable.
Growing Profit Margin: DC. is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DC. is unprofitable, and losses have increased over the past 5 years at a rate of -34.3% per year.
Accelerating Growth: Unable to compare DC.'s earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DC. is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (2.9%).
Return on Equity
High ROE: DC. has a negative Return on Equity (-11.78%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dixons Carphone's financial position?
Financial Position Analysis
Short Term Liabilities: DC.'s short term assets (£2.3B) do not cover its short term liabilities (£2.5B).
Long Term Liabilities: DC.'s short term assets (£2.3B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: DC.'s debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: DC.'s debt to equity ratio has reduced from 29.7% to 11.6% over the past 5 years.
Debt Coverage: DC.'s debt is well covered by operating cash flow (93.2%).
Interest Coverage: DC. is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Inventory Level: DC. has a high level of physical assets or inventory.
Debt Coverage by Assets: DC.'s debt is covered by short term assets (assets are 7.6x debt).
Next Steps
Dividend
What is Dixons Carphone's current dividend yield, its reliability and sustainability?
4.78%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DC.'s dividend (4.78%) is higher than the bottom 25% of dividend payers in the UK market (1.95%).
High Dividend: DC.'s dividend (4.78%) is low compared to the top 25% of dividend payers in the UK market (5.2%).
Stability and Growth of Payments
Stable Dividend: DC. has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DC.'s dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: DC. is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: DC.'s dividends in 3 years are forecast to be well covered by earnings (36.7% payout ratio).
Next Steps
Management
What is the CEO of Dixons Carphone's salary, the management and board of directors tenure and is there insider trading?
3.4yrs
Average management tenure
CEO
Alex Baldock 0
1.7yrs
Tenure
UK£1,619,000
Compensation
Mr. Alex Baldock has been a Group Chief Executive Officer and Director of Dixons Carphone plc., since April 03, 2018. Mr. Baldock served as the Group Chief Executive of Shop Direct Home Shopping Limited fr ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD2.13M) is about average for companies of similar size in the UK market ($USD1.83M).
Compensation vs Earnings: Insufficient data to compare Alex's compensation with company performance.
Management Age and Tenure
3.4yrs
Average Tenure
55yo
Average Age
Experienced Management: DC.'s management team is considered experienced (3.4 years average tenure).
Board Age and Tenure
2.7yrs
Average Tenure
55yo
Average Age
Experienced Board: DC.'s board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 4,800 |
| Max Price | UK£1.14 |
| Entity | Individual |
| Role | Chief Executive Officer Group Chief Executive & Director |
| Shares | 150,000 |
| Max Price | UK£1.14 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 9,000 |
| Max Price | UK£1.11 |
| Entity | Individual |
| Role | Vice Chairman Deputy Chairman & Senior Independent Director |
| Shares | 100,000 |
| Max Price | UK£1.13 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 100,000 |
| Max Price | UK£1.14 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 50,000 |
| Max Price | UK£1.15 |
| Entity | Individual |
| Role | Member of the Board of Directors Group CFO & Director |
| Shares | 75,000 |
| Max Price | UK£1.14 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jonny Mason (55yo)
Group CFO & Director
- Tenure: 1.3yrs
- Compensation: UK£765.67k
Charles Dunstone (55yo)
Senior Advisor
- Tenure: 2.7yrs
- Compensation: UK£280.00k
Neil King
Group Treasurer
- Tenure: 0yrs
Jaan Gjærum Semlitsch (48yo)
Chief Executive Officer of Nordics
- Tenure: 6.9yrs
Alex Baldock
Group Chief Executive & Director
- Tenure: 1.7yrs
- Compensation: UK£1.62m
Nigel Paterson
General Counsel & Company Secretary
- Tenure: 4.7yrs
Jeremy Fennell
Managing Director of Carphone Warehouse
- Tenure: 4.2yrs
Mark Reynolds
Head of Investor Relations
- Tenure: 0yrs
Steve Ager
Chief Commercial Officer
- Tenure: 0yrs
Amy Shields
Head of External Communications
- Tenure: 0yrs
Board Members
Jonny Mason (55yo)
Group CFO & Director
- Tenure: 1.3yrs
- Compensation: UK£765.67k
Ian Livingston (55yo)
Chairman
- Tenure: 2.7yrs
- Compensation: UK£300.00k
Tony DeNunzio (59yo)
Deputy Chairman & Senior Independent Director
- Tenure: 2.7yrs
- Compensation: UK£143.00k
Eileen Burbidge (47yo)
Independent Non-Executive Director
- Tenure: 0.9yrs
- Compensation: UK£23.00k
Fiona McBain (58yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: UK£85.00k
Andrea Joosen (55yo)
Independent Non-Executive Director
- Tenure: 5.3yrs
- Compensation: UK£75.00k
Alex Baldock
Group Chief Executive & Director
- Tenure: 1.7yrs
- Compensation: UK£1.62m
Gerry Murphy (66yo)
Independent Non-Executive Director
- Tenure: 5.5yrs
- Compensation: UK£70.00k
Company Information
Dixons Carphone plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dixons Carphone plc
- Ticker: DC.
- Exchange: LSE
- Founded: 1937
- Industry: Computer and Electronics Retail
- Sector: Retail
- Market Cap: UK£1.641b
- Shares outstanding: 1.16b
- Website: https://www.dixonscarphone.com
Number of Employees
Location
- Dixons Carphone plc
- 1 Portal Way
- London
- Greater London
- W3 6RS
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DC. | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2010 |
| CWB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2010 |
| DCL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Mar 2010 |
| DSIT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2010 |
Biography
Dixons Carphone plc operates as a consumer electrical and mobile retailer and services company. It operates through four segments: UK & Ireland Electricals, UK & Ireland Mobile, Nordics, and Greece. The co ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 21:19 |
| End of Day Share Price | 2019/12/12 00:00 |
| Earnings | 2019/04/27 |
| Annual Earnings | 2019/04/27 |
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.