AIM:DTG

Stock Analysis Report

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Executive Summary

Dart Group PLC, together with its subsidiaries, engages in leisure travel, and distribution and logistics businesses in the United Kingdom.


Snowflake Analysis

Adequate balance sheet with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

13.6%

DTG

28.0%

GB Airlines

5.5%

GB Market


1 Year Return

10.8%

DTG

-16.0%

GB Airlines

-9.2%

GB Market

Return vs Industry: DTG exceeded the UK Airlines industry which returned -22.7% over the past year.

Return vs Market: DTG exceeded the UK Market which returned -10% over the past year.


Shareholder returns

DTGIndustryMarket
7 Day13.6%28.0%5.5%
30 Day76.3%60.1%10.8%
90 Day-8.0%-14.7%-0.4%
1 Year12.0%10.8%-10.3%-16.0%-4.8%-9.2%
3 Year71.2%66.0%-18.7%-28.6%-0.8%-12.9%
5 Year154.7%143.1%-5.3%-21.6%18.1%-8.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DTG (£10.02) is trading above our estimate of fair value (£8.15)

Significantly Below Fair Value: DTG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DTG is poor value based on its PE Ratio (9.8x) compared to the Airlines industry average (9.4x).

PE vs Market: DTG is good value based on its PE Ratio (9.8x) compared to the UK market (15x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DTG is overvalued based on its PB Ratio (1.7x) compared to the GB Airlines industry average (1.1x).


Next Steps

Future Growth

How is Dart Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DTG's earnings are forecast to decline over the next 3 years (-17.1% per year).

Earnings vs Market: DTG's earnings are forecast to decline over the next 3 years (-17.1% per year).

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

Revenue vs Market: DTG's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: DTG's revenue is forecast to decline over the next 3 years (-0.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Dart Group performed over the past 5 years?

24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DTG has high quality earnings.

Growing Profit Margin: DTG's current net profit margins (4.3%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: DTG's earnings have grown significantly by 24.7% per year over the past 5 years.

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

Earnings vs Industry: DTG had negative earnings growth (-24.6%) over the past year, making it difficult to compare to the Airlines industry average (-17%).


Return on Equity

High ROE: DTG's Return on Equity (17.4%) is considered low.


Next Steps

Financial Health

How is Dart Group's financial position?


Financial Position Analysis

Short Term Liabilities: DTG's short term assets (£1.9B) exceed its short term liabilities (£1.4B).

Long Term Liabilities: DTG's short term assets (£1.9B) exceed its long term liabilities (£1.2B).


Debt to Equity History and Analysis

Debt Level: DTG's debt to equity ratio (112.3%) is considered high.

Reducing Debt: DTG's debt to equity ratio has increased from 3.9% to 112.3% over the past 5 years.

Debt Coverage: DTG's debt is well covered by operating cash flow (52%).

Interest Coverage: DTG's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Next Steps

Dividend

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

0.77%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DTG'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 DTG's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: DTG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DTG'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?

7.0yrs

Average board tenure


CEO

Philip Meeson (71yo)

no data

Tenure

UK£487,000

Compensation

Mr. Philip H. Meeson serves as the Group Chairman and Chief Executive of Dart Group Plc. Mr. Meeson serves as the Chief Executive of Channel Express (Air Services) Limited. He has been an Executive Officer ...


CEO Compensation Analysis

Compensation vs Market: Philip's total compensation ($USD619.40K) is below average for companies of similar size in the UK market ($USD1.68M).

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


Board Members

NamePositionTenureCompensationOwnership
Philip Meeson
Executive Chairman & CEOno dataUK£487.00k26.88% £481.4m
Gary Brown
Group CFO7yrsUK£1.08m0.035% £634.9k
Stephen Heapy
Executive Director7yrsUK£1.15m0.13% £2.3m
Richard Green
Independent Non-Executive Director1.75yrsUK£28.00kno data
Mark Aubrey Laurence
Independent Non-Executive Director11.08yrsUK£61.00k0.11% £2.0m
Robin Terrell
Independent Non-Executive Director0.17yrno datano data

7.0yrs

Average Tenure

51.5yo

Average Age

Experienced Board: DTG's board of directors are considered experienced (7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DTG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.1%.


Top Shareholders

Company Information

Dart Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dart Group PLC
  • Ticker: DTG
  • Exchange: AIM
  • Founded: 1971
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: UK£1.790b
  • Shares outstanding: 178.69m
  • Website: https://www.dartgroup.co.uk

Number of Employees


Location

  • Dart Group PLC
  • Low Fare Finder House
  • Leeds Bradford International Airport
  • Leeds
  • West Yorkshire
  • LS19 7TU
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DTGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992
DRTG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
DG1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Dart Group PLC, together with its subsidiaries, engages in leisure travel, and distribution and logistics businesses in the United Kingdom. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in package holiday, passenger aircraft, charter aircraft, non-ticket retail, and warehousing and distribution activities. The company operates through a fleet of 100 aircraft. In addition, it distributes fresh produce, and temperature-controlled and ambient products, as well as provides storage, case-level picking, and packing services to retailers, processors, growers, and importers. The company was founded in 1971 and is based in Leeds, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 21:33
End of Day Share Price2020/06/05 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.