AIM:DX.

Stock Analysis Report

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Executive Summary

DX (Group) plc, through its subsidiaries, provides parcel freight, secure, courier, and logistics services in the United Kingdom and Ireland. More Details


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.6%

DX.

-6.2%

GB Logistics

-3.4%

GB Market


1 Year Return

52.6%

DX.

22.6%

GB Logistics

-19.7%

GB Market

Return vs Industry: DX. exceeded the UK Logistics industry which returned 22.6% over the past year.

Return vs Market: DX. exceeded the UK Market which returned -19.7% over the past year.


Shareholder returns

DX.IndustryMarket
7 Day-2.6%-6.2%-3.4%
30 Day8.8%-2.1%-4.5%
90 Day19.4%13.0%-5.1%
1 Year52.6%52.6%25.3%22.6%-16.6%-19.7%
3 Year60.9%60.9%17.0%7.2%-12.8%-23.6%
5 Year-75.5%-78.4%67.9%44.5%9.9%-14.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is DX (Group) 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: DX. (£0.19) is trading below our estimate of fair value (£0.57)

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


Price To Earnings Ratio

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

PE vs Market: DX. 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 DX.'s PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DX. is overvalued based on its PB Ratio (4.6x) compared to the XE Logistics industry average (1.9x).


Next Steps

Future Growth

How is DX (Group) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

75.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DX. is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: DX. is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DX.'s is expected to become profitable in the next 3 years.

Revenue vs Market: DX.'s revenue (4.7% per year) is forecast to grow slower than the UK market (5.8% per year).

High Growth Revenue: DX.'s revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DX.'s Return on Equity is forecast to be high in 3 years time (26.9%)


Next Steps

Past Performance

How has DX (Group) performed over the past 5 years?

32.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DX. is currently unprofitable.

Growing Profit Margin: DX. is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DX. is unprofitable, but has reduced losses over the past 5 years at a rate of 32.9% per year.

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

Earnings vs Industry: DX. is unprofitable, making it difficult to compare its past year earnings growth to the Logistics industry (-22.3%).


Return on Equity

High ROE: DX. has a negative Return on Equity (-7.83%), as it is currently unprofitable.


Next Steps

Financial Health

How is DX (Group)'s financial position?


Financial Position Analysis

Short Term Liabilities: DX.'s short term assets (£45.9M) do not cover its short term liabilities (£73.5M).

Long Term Liabilities: DX.'s short term assets (£45.9M) do not cover its long term liabilities (£73.3M).


Debt to Equity History and Analysis

Debt Level: DX. is debt free.

Reducing Debt: DX. has no debt compared to 5 years ago when its debt to equity ratio was 2.3%.


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 DX. has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DX. is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.9% per year.


Next Steps

Dividend

What is DX (Group) current dividend yield, its reliability and sustainability?

0.72%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

3.0yrs

Average management tenure


CEO

Lloyd Dunn

3yrs

Tenure

UK£316,000

Compensation

Mr. Lloyd John-Charles Dunn has been Chief Executive Officer at DX (Group) plc since October 9, 2017. Mr. Dunn has a rich experience in the transportation industry. He joined as a founding member of Nightf ...


CEO Compensation Analysis

Compensation vs Market: Lloyd's total compensation ($USD410.24K) is about average for companies of similar size in the UK market ($USD351.39K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ronald Series
Executive Chairman3yrsUK£230.00k0.41%
£ 434.0k
Lloyd Dunn
CEO & Executive Director3yrsUK£316.00k10.8%
£ 11.5m
David Mulligan
CFO & Executive Director2.5yrsUK£228.00k0.43%
£ 456.8k
Keith Eden
Chief Compliance Officerno datano datano data
Russell Deards
Company Secretary & Head of Legal0.58yrno datano data
Kerensa Leatherland
Personnel Directorno datano datano data
Martin Illidge
Managing Director of DX Expressno datano datano data
Paul Ibbetson
Managing Director - DX Freightno datano data0.056%
£ 59.2k
Philip Honer
Financial Controller of Ireland12.5yrsno datano data
Daljit Basi
Finance Directorno datano datano data
Paul Murray
Consultant3yrsUK£20.00kno data

3.0yrs

Average Tenure

54yo

Average Age

Experienced Management: DX.'s management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ronald Series
Executive Chairman3yrsUK£230.00k0.41%
£ 434.0k
Lloyd Dunn
CEO & Executive Director3yrsUK£316.00k10.8%
£ 11.5m
David Mulligan
CFO & Executive Director2.5yrsUK£228.00k0.43%
£ 456.8k
Paul Goodson
Independent Non-Executive Director3yrsUK£43.00k0.58%
£ 610.8k
Ian Gray
Independent Non-Executive Director3.25yrsUK£41.00k0.17%
£ 185.0k
David Black
Independent Non-Executive Director3yrsUK£45.00k0.44%
£ 470.3k

3.0yrs

Average Tenure

Experienced Board: DX.'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: DX. 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

DX (Group) plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DX (Group) plc
  • Ticker: DX.
  • Exchange: AIM
  • Founded: 1975
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: UK£106.131m
  • Shares outstanding: 573.68m
  • Website: https://www.dxdelivery.com

Number of Employees


Location

  • DX (Group) plc
  • Ditton Park
  • Riding Court Road
  • Datchet
  • Berkshire
  • SL3 9LL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DX.AIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2014
4DXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2014

Biography

DX (Group) plc, through its subsidiaries, provides parcel freight, secure, courier, and logistics services in the United Kingdom and Ireland. It operates through two divisions, DX Freight and DX Express. T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 21:56
End of Day Share Price2020/10/28 00:00
Earnings2020/06/27
Annual Earnings2020/06/27


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.