AIM:DTG

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Proven track record with adequate balance sheet and pays a dividend.


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


Market Performance


7 Day Return

4.8%

DTG

2.7%

GB Airlines

-0.2%

GB Market


1 Year Return

-13.8%

DTG

-25.2%

GB Airlines

-1.8%

GB Market

DTG outperformed the Airlines industry which returned -25.1% over the past year.

DTG underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.9% over the past year.


Share holder returns

DTGIndustryMarket
7 Day4.8%2.7%-0.2%
30 Day11.5%11.7%4.0%
90 Day0.6%6.9%0.5%
1 Year-12.7%-13.8%-19.3%-25.2%2.9%-1.8%
3 Year109.4%102.9%41.7%23.5%20.7%6.3%
5 Year311.0%291.9%37.7%13.1%33.2%5.1%

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 based on future cash flows and its price relative to the stock market?

8.63x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Dart Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Dart Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Dart Group is overvalued based on earnings compared to the GB Airlines industry average.

Dart Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Dart Group earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Dart Group is overvalued based on assets compared to the GB Airlines industry average.


Next Steps

Future Growth

How is Dart Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Dart Group's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

Dart Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Dart Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

Dart Group's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.

Dart Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Dart Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Dart Group performed over the past 5 years?

29.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Dart Group has delivered over 20% year on year earnings growth in the past 5 years.

Dart Group's 1-year earnings growth exceeds its 5-year average (35.9% vs 29.9%)

Dart Group's earnings growth has exceeded the GB Airlines industry average in the past year (35.9% vs -18.5%).


Return on Equity

Dart Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Dart Group used its assets less efficiently than the GB Airlines industry average last year based on Return on Assets.


Return on Capital Employed

Dart Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Dart Group's financial position?


Financial Position Analysis

Dart Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Dart Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Dart Group's level of debt (62.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (5.4% vs 62.5% today).

Debt is well covered by operating cash flow (118.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.4x debt.


Next Steps

Dividend

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

1.41%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Dart Group's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).

Dart Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.42%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (9.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (6.4x coverage).


Next Steps

Management

What is the CEO of Dart Group's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average board tenure


CEO

Philip Meeson (71yo)

0yrs

Tenure

UK£472,000

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

Philip's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Philip's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

6.3yrs

Average Tenure

53yo

Average Age

The tenure for the Dart Group board of directors is about average.


Insider Trading

Dart Group individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUK£6,063,30012 Jul 19
Philip Meeson
EntityIndividual
Role
Chief Executive Officer
Executive Chairman & CEO
Shares700,000
Max PriceUK£8.67

Ownership Breakdown


Management Team

  • Philip Meeson (71yo)

    Executive Chairman & CEO

    • Tenure: 0yrs
    • Compensation: UK£472.00k
  • Gary Brown (53yo)

    Group CFO

    • Tenure: 6.3yrs
    • Compensation: UK£964.00k
  • Ian Day

    Group Company Secretary

    • Tenure: 5.4yrs
  • Steve Heapy (50yo)

    Executive Director

    • Tenure: 6.3yrs
    • Compensation: UK£1.04m
  • Rob Neale

    Head of Leisure Travel Finance - Jet2.com & Jet2holidays

    • Tenure: 0yrs

Board Members

  • Philip Meeson (71yo)

    Executive Chairman & CEO

    • Tenure: 0yrs
    • Compensation: UK£472.00k
  • Gary Brown (53yo)

    Group CFO

    • Tenure: 6.3yrs
    • Compensation: UK£964.00k
  • Rick Green (56yo)

    Independent Non-Executive Director

    • Tenure: 1yrs
  • Mark Aubrey Laurence (50yo)

    Independent Non-Executive Director

    • Tenure: 10.3yrs
    • Compensation: UK£55.00k
  • Steve Heapy (50yo)

    Executive Director

    • Tenure: 6.3yrs
    • Compensation: UK£1.04m

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£1.259b
  • Shares outstanding: 148.90m
  • 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 destina ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 20:51
End of Day Share Price2019/09/20 00:00
Earnings2019/03/31
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.