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DLG

De'Longhi BIT:DLG Stock Report

Last Price

€18.28

Market Cap

€2.7b

7D

-3.0%

1Y

-50.2%

Updated

29 Jun, 2022

Data

Company Financials +
DLG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends4/6

DLG Stock Overview

De'Longhi S.p.A., together with its subsidiaries, manufactures and distributes coffee making products, food preparation and cooking machines, air conditioners and heaters, and home care products.

De'Longhi Competitors

Price History & Performance

Summary of all time highs, changes and price drops for De'Longhi
Historical stock prices
Current Share Price€18.28
52 Week High€40.28
52 Week Low€18.15
Beta0.93
1 Month Change-19.83%
3 Month Change-26.11%
1 Year Change-50.25%
3 Year Change1.44%
5 Year Change-31.69%
Change since IPO437.65%

Recent News & Updates

May 20
De'Longhi (BIT:DLG) Will Pay A Larger Dividend Than Last Year At €0.83

De'Longhi (BIT:DLG) Will Pay A Larger Dividend Than Last Year At €0.83

The board of De'Longhi S.p.A. ( BIT:DLG ) has announced that it will be increasing its dividend on the 25th of May to...

Shareholder Returns

DLGIT Consumer DurablesIT Market
7D-3.0%-3.4%0.6%
1Y-50.2%-42.7%-15.0%

Return vs Industry: DLG underperformed the Italian Consumer Durables industry which returned -42.7% over the past year.

Return vs Market: DLG underperformed the Italian Market which returned -14.9% over the past year.

Price Volatility

Is DLG's price volatile compared to industry and market?
DLG volatility
DLG Average Weekly Movement5.8%
Consumer Durables Industry Average Movement4.7%
Market Average Movement5.1%
10% most volatile stocks in IT Market7.4%
10% least volatile stocks in IT Market3.4%

Stable Share Price: DLG is not significantly more volatile than the rest of Italian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DLG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a9,100Massimo Garavagliahttps://www.delonghigroup.com

De'Longhi S.p.A., together with its subsidiaries, manufactures and distributes coffee making products, food preparation and cooking machines, air conditioners and heaters, and home care products. The company provides its products primarily under the De’Longhi, Kenwood, Braun, Nespresso, Nutribullet, Magic Bullet, and Ariete brands. It has operation in Europe, the Middle East, India, Africa, the Asia/Pacific, and the Americas.

De'Longhi Fundamentals Summary

How do De'Longhi's earnings and revenue compare to its market cap?
DLG fundamental statistics
Market Cap€2.74b
Earnings (TTM)€286.30m
Revenue (TTM)€3.27b

9.6x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DLG income statement (TTM)
Revenue€3.27b
Cost of Revenue€1.92b
Gross Profit€1.35b
Other Expenses€1.07b
Earnings€286.30m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)1.91
Gross Margin41.34%
Net Profit Margin8.75%
Debt/Equity Ratio56.2%

How did DLG perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

40%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DLG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DLG?

Other financial metrics that can be useful for relative valuation.

DLG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA6.5x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does DLG's PE Ratio compare to its peers?

DLG PE Ratio vs Peers
The above table shows the PE ratio for DLG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.2x
ARIS Ariston Holding
18.7x11.3%€2.6b
SAB Sabaf
11.6x6.8%€266.2m
EM Emak
5.8x6.4%€196.6m
ELC Elica
12.5x22.8%€180.8m
DLG De'Longhi
9.6x4.7%€2.7b

Price-To-Earnings vs Peers: DLG is good value based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (12.2x).


Price to Earnings Ratio vs Industry

How does DLG's PE Ratio compare vs other companies in the European Consumer Durables Industry?

Price-To-Earnings vs Industry: DLG is good value based on its Price-To-Earnings Ratio (9.6x) compared to the Italian Consumer Durables industry average (12.2x)


Price to Earnings Ratio vs Fair Ratio

What is DLG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DLG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: DLG is good value based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).


Share Price vs Fair Value

What is the Fair Price of DLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DLG (€18.28) is trading above our estimate of fair value (€15.52)

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


Price to Earnings Growth Ratio

PEG Ratio: DLG is poor value based on its PEG Ratio (2x)


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Future Growth

How is De'Longhi forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLG's forecast earnings growth (4.7% per year) is above the savings rate (1.7%).

Earnings vs Market: DLG's earnings (4.7% per year) are forecast to grow slower than the Italian market (10.1% per year).

High Growth Earnings: DLG's earnings are forecast to grow, but not significantly.

Revenue vs Market: DLG's revenue (1.3% per year) is forecast to grow faster than the Italian market (0.3% per year).

High Growth Revenue: DLG's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DLG's Return on Equity is forecast to be low in 3 years time (15.2%).


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Past Performance

How has De'Longhi performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DLG has high quality earnings.

Growing Profit Margin: DLG's current net profit margins (8.7%) are lower than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: DLG's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: DLG's earnings growth over the past year (8.2%) is below its 5-year average (13.2% per year).

Earnings vs Industry: DLG earnings growth over the past year (8.2%) underperformed the Consumer Durables industry 30.1%.


Return on Equity

High ROE: DLG's Return on Equity (17.6%) is considered low.


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Financial Health

How is De'Longhi's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DLG's short term assets (€2.4B) exceed its short term liabilities (€1.4B).

Long Term Liabilities: DLG's short term assets (€2.4B) exceed its long term liabilities (€858.7M).


Debt to Equity History and Analysis

Debt Level: DLG's net debt to equity ratio (1.4%) is considered satisfactory.

Reducing Debt: DLG's debt to equity ratio has increased from 16.6% to 56.2% over the past 5 years.

Debt Coverage: DLG's debt is well covered by operating cash flow (33%).

Interest Coverage: DLG's interest payments on its debt are well covered by EBIT (69.8x coverage).


Balance Sheet


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Dividend

What is De'Longhi current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.54%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DLG's dividend (4.54%) is higher than the bottom 25% of dividend payers in the Italian market (1.7%).

High Dividend: DLG's dividend (4.54%) is low compared to the top 25% of dividend payers in the Italian market (5.11%).


Stability and Growth of Payments

Stable Dividend: DLG's dividend payments have been volatile in the past 10 years.

Growing Dividend: DLG's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40%), DLG's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (82.3%), DLG's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

14.9yrs

Average board tenure


CEO

Massimo Garavaglia

2.08yrs

Tenure

€6,994,145

Compensation

Mr. Massimo Garavaglia serves as Executive Director of De'Longhi S.p.A. since April 22, 2020 and has been Chief Executive Officer since May 1, 2020. He serves as General Manager of De'Longhi S.p.A.


CEO Compensation Analysis

Compensation vs Market: Massimo's total compensation ($USD7.32M) is above average for companies of similar size in the Italian market ($USD1.95M).

Compensation vs Earnings: Insufficient data to compare Massimo's compensation with company performance.


Board Members

Experienced Board: DLG's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

De'Longhi S.p.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: De'Longhi S.p.A.
  • Ticker: DLG
  • Exchange: BIT
  • Founded: NaN
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Implied Market Cap: €2.742b
  • Shares outstanding: 150.00m
  • Website: https://www.delonghigroup.com

Number of Employees


Location

  • De'Longhi S.p.A.
  • Via Lodovico Seitz 47
  • Treviso
  • Treviso
  • 31100
  • Italy

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.