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Donegal Investment Group

ISE:DQ7A
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DQ7A
ISE
€44M
Market Cap
  1. Home
  2. IE
  3. Food, Beverage & Tobacco
Company description

Donegal Investment Group plc primarily engages in the development, purchase, and sale of seed potatoes and organic produce. The last earnings update was 77 days ago. More info.


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DQ7A Share Price and Events
7 Day Returns
8.2%
ISE:DQ7A
1.6%
Europe Food
-0%
IE Market
1 Year Returns
19.3%
ISE:DQ7A
10.6%
Europe Food
-13.6%
IE Market
DQ7A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Donegal Investment Group (DQ7A) 8.2% 10.5% 18% 19.3% 88.8% 73.6%
Europe Food 1.6% 2.7% 7.3% 10.6% 13.2% 39.4%
IE Market -0% -5.3% 1.6% -13.6% 0.7% 39.8%
1 Year Return vs Industry and Market
  • DQ7A outperformed the Food industry which returned 10.6% over the past year.
  • DQ7A outperformed the Market in Ireland which returned -13.6% over the past year.
Price Volatility
DQ7A
Industry
5yr Volatility vs Market

DQ7A Value

 Is Donegal Investment Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Donegal Investment Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Donegal Investment Group.

ISE:DQ7A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year IE Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ISE:DQ7A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IE Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 7.1%
Food Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.544 (1 + (1- 12.5%) (15.72%))
0.745
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.9% + (0.8 * 7.14%)
6.61%

Discounted Cash Flow Calculation for ISE:DQ7A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Donegal Investment Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ISE:DQ7A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.61%)
2019 0.68 Est @ -38.43% 0.64
2020 0.50 Est @ -26.63% 0.44
2021 0.41 Est @ -18.37% 0.33
2022 0.35 Est @ -12.59% 0.27
2023 0.32 Est @ -8.54% 0.24
2024 0.31 Est @ -5.71% 0.21
2025 0.29 Est @ -3.73% 0.19
2026 0.29 Est @ -2.34% 0.17
2027 0.28 Est @ -1.37% 0.16
2028 0.28 Est @ -0.69% 0.15
Present value of next 10 years cash flows €2.80
ISE:DQ7A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.28 × (1 + 0.9%) ÷ (6.61% – 0.9%)
€4.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4.98 ÷ (1 + 6.61%)10
€2.62
ISE:DQ7A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2.80 + €2.62
€5.42
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5.42 / 4.17
€1.3
ISE:DQ7A Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.30
Current discount Discount to share price of €10.50
= -1 x (€10.50 - €1.30) / €1.30
-708.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Donegal Investment Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Donegal Investment Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Donegal Investment Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ISE:DQ7A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in EUR €2.80
ISE:DQ7A Share Price ** ISE (2019-05-21) in EUR €10.5
Europe Food Industry PE Ratio Median Figure of 120 Publicly-Listed Food Companies 17.89x
Ireland Market PE Ratio Median Figure of 23 Publicly-Listed Companies 11.42x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Donegal Investment Group.

ISE:DQ7A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:DQ7A Share Price ÷ EPS (both in EUR)

= 10.5 ÷ 2.80

3.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Donegal Investment Group is good value based on earnings compared to the Europe Food industry average.
  • Donegal Investment Group is good value based on earnings compared to the Ireland market.
Price based on expected Growth
Does Donegal Investment Group's expected growth come at a high price?
Raw Data
ISE:DQ7A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.76x
Ireland Market PEG Ratio Median Figure of 19 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Donegal Investment Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Donegal Investment Group's assets?
Raw Data
ISE:DQ7A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in EUR €6.84
ISE:DQ7A Share Price * ISE (2019-05-21) in EUR €10.5
Europe Food Industry PB Ratio Median Figure of 160 Publicly-Listed Food Companies 1.27x
Ireland Market PB Ratio Median Figure of 33 Publicly-Listed Companies 1.15x
ISE:DQ7A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:DQ7A Share Price ÷ Book Value per Share (both in EUR)

= 10.5 ÷ 6.84

1.53x

* Primary Listing of Donegal Investment Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Donegal Investment Group is overvalued based on assets compared to the Europe Food industry average.
X
Value checks
We assess Donegal Investment Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Donegal Investment Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DQ7A Future Performance

 How is Donegal Investment Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-92.9%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Donegal Investment Group expected to grow at an attractive rate?
  • Donegal Investment Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.9%.
Growth vs Market Checks
  • Donegal Investment Group's earnings are expected to decrease over the next 1-3 years, this is below the Ireland market average.
  • Donegal Investment Group's revenue growth is positive but not above the Ireland market average.
Annual Growth Rates Comparison
Raw Data
ISE:DQ7A Future Growth Rates Data Sources
Data Point Source Value (per year)
ISE:DQ7A Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -92.9%
ISE:DQ7A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.8%
Europe Food Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Ireland Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ISE:DQ7A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ISE:DQ7A Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-08-31 84 1
2019-08-31 81 1
ISE:DQ7A Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-08-31 76 2 22
2018-02-28 75 3 21
2017-11-30 76 3 12
2017-08-31 76 3 3
2017-02-28 68 0 -1
2016-11-30 70 1 -2
2016-08-31 71 1 -2
2015-12-31 83 5 4
2015-09-30 82 2 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Donegal Investment Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Donegal Investment Group's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ISE:DQ7A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Donegal Investment Group Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:DQ7A Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-08-31 0.48 0.48 0.48 1.00
2019-08-31 0.45 0.45 0.45 1.00
ISE:DQ7A Past Financials Data
Date (Data in EUR Millions) EPS *
2018-08-31 2.80
2018-02-28 2.17
2017-11-30 1.20
2017-08-31 0.27
2017-02-28 -0.09
2016-11-30 -0.16
2016-08-31 -0.22
2015-12-31 0.36
2015-09-30 0.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Donegal Investment Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Donegal Investment Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Donegal Investment Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DQ7A Past Performance

  How has Donegal Investment Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Donegal Investment Group's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Donegal Investment Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Donegal Investment Group's 1-year earnings growth exceeds its 5-year average (762.4% vs 43.7%)
  • Donegal Investment Group's earnings growth has exceeded the Europe Food industry average in the past year (762.4% vs 5.7%).
Earnings and Revenue History
Donegal Investment Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Donegal Investment Group Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:DQ7A Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 76.16 22.37 16.94
2018-02-28 74.84 21.13 17.30
2017-11-30 75.93 11.69 17.48
2017-08-31 76.37 2.59 17.30
2017-02-28 67.77 -0.91 14.28
2016-11-30 69.51 -1.55 15.03
2016-08-31 71.25 -2.19 15.77
2015-12-31 82.88 3.62 19.86
2015-09-30 81.76 3.55 19.53
2015-06-30 80.64 1.84 19.62
2015-03-31 80.69 0.37 19.29
2014-12-31 80.74 0.53 18.96
2014-09-30 80.76 2.51 18.96
2014-06-30 80.78 4.50 18.95
2014-03-31 83.77 4.58 18.84
2013-12-31 86.76 4.66 18.73
2013-09-30 88.50 3.24 18.68
2013-06-30 90.23 1.81 18.64
2013-03-31 85.24 1.66 18.42
2012-12-31 80.25 1.50 18.19
2012-09-30 76.53 -0.91 17.88
2012-06-30 72.82 -3.31 17.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Donegal Investment Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Donegal Investment Group used its assets more efficiently than the Europe Food industry average last year based on Return on Assets.
  • Donegal Investment Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Donegal Investment Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Donegal Investment Group has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DQ7A Health

 How is Donegal Investment Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Donegal Investment Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Donegal Investment Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Donegal Investment Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Donegal Investment Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Donegal Investment Group Company Filings, last reported 8 months ago.

ISE:DQ7A Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 29.86 6.89 6.98
2018-02-28 80.71 11.48 57.56
2017-11-30 80.71 11.48 57.56
2017-08-31 59.30 5.63 12.73
2017-02-28 60.17 16.43
2016-11-30 60.17 16.43
2016-08-31 58.06 14.94
2015-12-31 62.04 12.29 0.08
2015-09-30 62.04 12.29 0.08
2015-06-30 63.44 13.95
2015-03-31 63.44 13.95
2014-12-31 60.48 16.85
2014-09-30 60.48 16.85
2014-06-30 62.69 14.16 1.02
2014-03-31 62.69 14.16 1.02
2013-12-31 61.77 15.91
2013-09-30 61.77 15.91
2013-06-30 58.38 18.53
2013-03-31 58.38 18.53
2012-12-31 58.97 22.01
2012-09-30 58.97 22.01
2012-06-30 59.47 21.63
  • Donegal Investment Group's level of debt (23.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (27.6% vs 23.1% today).
  • Debt is well covered by operating cash flow (31%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.9x coverage).
X
Financial health checks
We assess Donegal Investment Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Donegal Investment Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DQ7A Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Donegal Investment Group dividends. Estimated to be 1.67% next year.
If you bought €2,000 of Donegal Investment Group shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Donegal Investment Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Donegal Investment Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ISE:DQ7A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Food Industry Average Dividend Yield Market Cap Weighted Average of 97 Stocks 2.4%
Ireland Market Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.4%
Ireland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Ireland Bottom 25% Dividend Yield 25th Percentile 2.2%
Ireland Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ISE:DQ7A Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-08-31 0.18 1.00
2019-08-31 0.18 1.00
ISE:DQ7A Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-19 0.000 0.000
2018-03-07 0.000 0.000
2017-11-30 0.000 0.000
2016-11-30 0.140 2.375
2016-06-02 0.160 2.884
2016-04-29 0.160 2.895
2015-05-21 0.160 2.954
2015-04-09 0.160 2.858
2014-06-06 0.160 2.695
2014-04-10 0.160 2.562
2013-04-11 0.160 2.996
2012-06-15 0.160 4.769
2012-04-12 0.160 4.810
2011-04-14 0.160 4.438
2011-04-13 0.160 3.961
2010-04-23 0.160 4.553
2010-04-22 0.160 7.446
2009-09-11 0.160 7.490

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Donegal Investment Group has not reported any payouts.
  • Unable to verify if Donegal Investment Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Donegal Investment Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Donegal Investment Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Donegal Investment Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Donegal Investment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Donegal Investment Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DQ7A Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ian Ireland
COMPENSATION €538,073
AGE 56
CEO Bio

Mr. Ian Ireland, BSC, MBA serves as the Chief Executive Officer of Donegal Investment Group plc (alternate name: Donegal Creameries Plc) and has been its Managing Director since January 2005. Mr. Ireland served as a Secretary of Donegal Creameries Plc from November 30, 2012 to April 10, 2013. Prior to that, Mr. Ireland had spent over 20 years working in the food industry in Ireland and the UK. Mr. Ireland serves as an Executive Director of Donegal Creameries plc.

CEO Compensation
  • Insufficient data for Ian to compare compensation growth.
  • Ian's remuneration is higher than average for companies of similar size in Ireland.
Management Team

Ian Ireland

TITLE
CEO, MD & Executive Director
COMPENSATION
€538K
AGE
56

Norman Witherow

TITLE
Vice Chairman
COMPENSATION
€20K
AGE
65

Padraic Lenehan

TITLE
Finance Director
COMPENSATION
€173K
AGE
43
TENURE
2.9 yrs

Henry McGarvey

TITLE
Executive Director
COMPENSATION
€17K
AGE
50
Board of Directors Tenure

Average tenure and age of the Donegal Investment Group board of directors in years:

8.8
Average Tenure
56
Average Age
  • The tenure for the Donegal Investment Group board of directors is about average.
Board of Directors

Geoffrey Vance

TITLE
Chairman
COMPENSATION
€45K
AGE
66
TENURE
12.8 yrs

Ian Ireland

TITLE
CEO, MD & Executive Director
COMPENSATION
€538K
AGE
56

Norman Witherow

TITLE
Vice Chairman
COMPENSATION
€20K
AGE
65

Padraic Lenehan

TITLE
Finance Director
COMPENSATION
€173K
AGE
43
TENURE
3.8 yrs

Henry McGarvey

TITLE
Executive Director
COMPENSATION
€17K
AGE
50
TENURE
5.8 yrs

Jnr Kelly

TITLE
Non-Executive Director
COMPENSATION
€16K
AGE
45
TENURE
14.8 yrs

Geoffrey McClay

TITLE
Non-Executive Director
COMPENSATION
€14K
AGE
52
TENURE
8.8 yrs

Frank Browne

TITLE
Non-Executive Director
COMPENSATION
€13K
AGE
65
TENURE
7.9 yrs

Michael Griffin

TITLE
Non-Executive Director
COMPENSATION
€17K
AGE
71
TENURE
9.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Donegal Investment Group insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 19 Buy Frank Browne Individual 01. Mar 19 01. Mar 19 1,367 €9.00 €12,303
10. Jan 19 Buy Ian Ireland Individual 09. Jan 19 09. Jan 19 1,000 €9.63 €9,628
14. Dec 18 Buy Ian Ireland Individual 13. Dec 18 13. Dec 18 1,813 €9.00 €16,317
29. Nov 18 Buy Ian Ireland Individual 29. Nov 18 29. Nov 18 5,000 €8.65 €43,250
29. Nov 18 Buy Geoffrey McClay Individual 29. Nov 18 29. Nov 18 5,000 €8.60 €43,000
29. Nov 18 Buy Geoffrey Vance Individual 29. Nov 18 29. Nov 18 2,875 €8.65 €24,869
29. May 18 Buy Norman Witherow Individual 28. May 18 28. May 18 5,018 €9.00 €45,162
X
Management checks
We assess Donegal Investment Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Donegal Investment Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DQ7A News

Simply Wall St News

Can Donegal Investment Group plc (ISE:DQ7A) Maintain Its Strong Returns?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Donegal Investment Group plc (ISE:DQ7A). … Donegal Investment Group has a ROE of 75%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Should You Know About Donegal Investment Group plc's (ISE:DQ7A) Return On Capital?

and want to better understand how you can grow your money by investing in Donegal Investment Group plc (ISE:DQ7A). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently Donegal Investment Group is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is Donegal Investment Group plc (ISE:DQ7A) Potentially Underrated?

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Donegal Investment Group plc (ISE:DQ7A) due to its excellent fundamentals in more than one area. … report on Donegal Investment Group here

Simply Wall St -

Is Donegal Investment Group plc's (ISE:DQ7A) Balance Sheet A Threat To Its Future?

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Can Donegal Investment Group plc (ISE:DQ7A) Continue To Outperform Its Industry?

Donegal Investment Group plc (ISE:DQ7A) outperformed the agricultural products industry on the basis of its ROE – producing a higher 26.14% relative to the peer average of 11.09% over the past 12 months. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … View our latest analysis for Donegal Investment Group

Simply Wall St -

What Is Donegal Investment Group plc's (ISE:DQ7A) Share Price Doing?

Donegal Investment Group plc (ISE:DQ7A), a food company based in Ireland,. … Let’s take a look at Donegal Investment Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change … See our latest analysis for Donegal Investment Group

Simply Wall St -

Is Donegal Investment Group plc (ISE:DQ7A) A Buy At Its Current PE Ratio?

and want to begin learning the link between Donegal Investment Group plc (ISE:DQ7A)’s fundamentals and stock market performance. … Donegal Investment Group plc (ISE:DQ7A) is trading with a trailing P/E of 4.1x, which is lower than the industry average of 17.1x. … While DQ7A might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Donegal Investment Group plc (ISE:DQ7A): What Is Driving Earnings Margins?

Donegal Investment Group's gloomy vision for earnings in the future has analysts expecting a material decline of -82.49% in the coming year, but let's stop and consider this appraisal. … Margin Calculation for DQ7A Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 21.13 Million ÷ 74.84 Million = 28.23% The past five years have seen Donegal Investment Group's margin expand, as a result of average net income growth of 37.14% surpassing 1.36% in average revenue growth, indicating that that the previous revenue growth has been acompanied by a growing portion translated in to earnings. … Thus, it is essential to run your own analysis on Donegal Investment Group's future expectations whilst maintaining a watchful eye over cost behaviour, because if the business is able to maintain their revenue trajectory, there may be an opportunity to return to positive earnings growth and attractive returns.

Simply Wall St -

DQ7A Company Info

Description

Donegal Investment Group plc primarily engages in the development, purchase, and sale of seed potatoes and organic produce. It operates through Produce, and Food - Agri and Property segments. The company manufactures, sells, and distributes farm inputs and dairy products; and rents and sells food-agri property assets. It has operations in the Island of Ireland, Europe, and rest of the world. The company was formerly known as Donegal Creameries plc and changed its name to Donegal Investment Group plc in July 2013. Donegal Investment Group plc was founded in 1898 and is based in Letterkenny, Ireland.

Details
Name: Donegal Investment Group plc
DQ7A
Exchange: ISE
Founded: 1898
€43,808,425
4,172,231
Website: http://www.donegaligroup.com
Address: Donegal Investment Group plc
Ballyraine,
Letterkenny,
Co. Donegal, Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE DQ7A Ordinary Shares Irish Stock Exchange IE EUR 15. Dec 1997
Number of employees
Current staff
Staff numbers
233
Donegal Investment Group employees.
Industry
Agricultural Products
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 20:40
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2019/03/06
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.