BIT:DLG

Stock Analysis Report

Executive Summary

De'Longhi S.p.A., through its subsidiaries, produces and distributes small appliances for food preparation and cooking, domestic cleaning and ironing, and air conditioning.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has De'Longhi's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

DLG

0.7%

IT Consumer Durables

0.6%

IT Market


1 Year Return

-31.8%

DLG

-27.1%

IT Consumer Durables

15.3%

IT Market

Return vs Industry: DLG underperformed the Italian Consumer Durables industry which returned -27.1% over the past year.

Return vs Market: DLG underperformed the Italian Market which returned 15.3% over the past year.


Shareholder returns

DLGIndustryMarket
7 Day0.8%0.7%0.6%
30 Day-6.7%-5.4%1.0%
90 Day0.6%-0.6%1.0%
1 Year-30.5%-31.8%-25.6%-27.1%20.6%15.3%
3 Year-12.7%-20.2%-4.2%-12.2%27.0%8.2%
5 Year32.1%15.7%36.8%19.1%21.3%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is De'Longhi undervalued compared to its fair value and its price relative to the market?

15.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DLG (€17.42) is trading above our estimate of fair value (€14.71)

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


Price To Earnings Ratio

PE vs Industry: DLG is poor value based on its PE Ratio (15.2x) compared to the Consumer Durables industry average (14.2x).

PE vs Market: DLG is good value based on its PE Ratio (15.2x) compared to the Italian market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: DLG is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: DLG is overvalued based on its PB Ratio (2.5x) compared to the IT Consumer Durables industry average (1.9x).


Next Steps

Future Growth

How is De'Longhi forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DLG's forecast earnings growth (6.8% per year) is above the savings rate (2.9%).

Earnings vs Market: DLG's earnings (6.8% per year) are forecast to grow slower than the Italian market (8.4% per year).

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

Revenue vs Market: DLG's revenue (4.9% per year) is forecast to grow faster than the Italian market (3% per year).

High Growth Revenue: DLG's revenue (4.9% 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 (14.1%).


Next Steps

Past Performance

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

8.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DLG's earnings have grown by 8.4% per year over the past 5 years.

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

Earnings vs Industry: DLG had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Consumer Durables industry average (-0.4%).


Return on Equity

High ROE: DLG's Return on Equity (16.1%) is considered low.


Return on Assets

ROA vs Industry: DLG has a higher Return on Assets than the Consumer Durables industry average last year.


Return on Capital Employed

ROCE Improving: DLG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is De'Longhi's financial position?


Financial Position Analysis

Short Term Liabilities: DLG's short term assets (€1.3B) exceeds its short term liabilities (€572.8M)

Long Term Liabilities: DLG's short term assets (1.3B) exceeds its long term liabilities (383.4M)


Debt to Equity History and Analysis

Debt Level: DLG's debt to equity ratio (32.4%) is considered satisfactory

Reducing Debt: DLG's debt to equity ratio has increased from 28.4% to 32.4% over the past 5 years.

Debt Coverage: DLG's debt is well covered by operating cash flow (46.5%).

Interest Coverage: DLG's interest payments on its debt are well covered by EBIT (79x coverage).


Balance Sheet

Inventory Level: DLG has a high level of physical assets or inventory.

Debt Coverage by Assets: DLG's debt is covered by short term assets (assets are 3.785770x debt).


Next Steps

Dividend

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

2.12%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%2.1%markettop25%4.4%industryaverage2.5%forecastin3Years2.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: DLG's dividend (2.12%) is higher than the bottom 25% of dividend payers in the Italian market (2.08%).

High Dividend: DLG's dividend (2.12%) is low compared to the top 25% of dividend payers in the Italian market (4.4%).

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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.3%), DLG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DLG's dividends in 3 years are forecast to be covered by earnings (51.6% payout ratio).


Next Steps

Management

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

12.8yrs

Average board tenure


CEO

Fabio De'Longhi 0

14.3yrs

Tenure

€1,287,400

Compensation

Mr. Fabio De'Longhi has been the Chief Executive Officer of De' Longhi S.p.A. since June 27, 2005. Mr. De'Longhi served as Vice-President of De' Longhi S.p.A. He serves as a Vice Chairman of De' Longhi S.p ...


CEO Compensation Analysis

Compensation vs. Market: Fabio's total compensation ($USD0.00) is too low to compare against companies of similar size in the Italian market ($USD0.00).

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


Board Age and Tenure

12.8yrs

Average Tenure

Experienced Board: DLG's board of directors are seasoned and experienced ( 12.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Giuseppe De’Longhi

    Chairman

    • Tenure: 0yrs
    • Compensation: €1.30m
  • Fabio De'Longhi

    Vice Chairman & CEO

    • Tenure: 14.3yrs
    • Compensation: €1.29m
  • Fabrizio Micheli

    Finance Director and IRM

    • Tenure: 0yrs

Board Members

  • Giuseppe De’Longhi

    Chairman

    • Tenure: 0yrs
    • Compensation: €1.30m
  • Fabio De'Longhi

    Vice Chairman & CEO

    • Tenure: 14.3yrs
    • Compensation: €1.29m
  • Alberto Clô (72yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: €58.50k
  • Renato Corrada

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: €55.00k
  • Silvio Sartori

    Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: €51.00k
  • Giorgio Sandri

    Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: €45.00k
  • Carlo Garavaglia

    Non-Executive Director

    • Tenure: 0yrs
    • Compensation: €53.00k
  • Silvia De’Longhi

    Non-Executive Director

    • Tenure: 12.3yrs
    • Compensation: €45.00k
  • Cesare Conti

    Chairman of Board of Statutory Auditors

    • Tenure: 0yrs
  • Maria Pagni

    Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: €54.00k

Company Information

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


Key Information

  • Name: De'Longhi S.p.A.
  • Ticker: DLG
  • Exchange: BIT
  • Founded:
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: €2.604b
  • Shares outstanding: 149.50m
  • Website: https://www.delonghigroup.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DELH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2001
DLGBIT (Borsa Italiana)YesOrdinary SharesITEURJul 2001
DLNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2001
0E5MLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2001
DLGMBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2001

Biography

De'Longhi S.p.A., through its subsidiaries, produces and distributes small appliances for food preparation and cooking, domestic cleaning and ironing, and air conditioning. It operates through three segmen ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:40
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.