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DHO

delta holdingCBSE:DHO Stock Report

Market Cap

د.م2.7b

7D

-3.5%

1Y

-0.8%

Updated

13 Oct, 2021

Data

Company Financials
DHO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

DHO Overview

delta holding S.A. operates in the infrastructure, metallurgical, water and environmental, and para-chemistry fields worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for delta holding
Historical stock prices
Current Share Priceد.م31.05
52 Week Highد.م29.40
52 Week Lowد.م35.30
Beta0.28
1 Month Change-5.34%
3 Month Change-5.57%
1 Year Change-0.80%
3 Year Change-5.48%
5 Year Change38.00%
Change since IPO-46.19%

Recent News & Updates

Shareholder Returns

DHOMA ConstructionMA Market
7D-3.5%1.2%0.8%
1Y-0.8%46.1%26.0%

Return vs Industry: DHO underperformed the MA Construction industry which returned 46.1% over the past year.

Return vs Market: DHO underperformed the MA Market which returned 26% over the past year.

Price Volatility

Is DHO's price volatile compared to industry and market?
DHO volatility
DHO Beta0.28
Industry Beta0.63
Market Beta1

Stable Share Price: DHO is not significantly more volatile than the rest of MA stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DHO's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19741,415n/ahttps://www.deltaholding.ma

delta holding S.A. operates in the infrastructure, metallurgical, water and environmental, and para-chemistry fields worldwide. It manufactures road security and public area equipment, advertising billboards and spots, bitumen/asphalt and its derivatives, and construction materials; installs toll booths; and provides traffic management, sports surfacing coating solutions, and construction materials. The company also constructs and maintains roads, highways, city road networks, port platforms, and aeronautical runways; installs and maintains horizontal and vertical signage’s, and safety equipment on traffic lanes; develops social housings; and designs, finances, constructs, and operates unloading and loading facilities for vessels carrying bitumen.

delta holding Fundamentals Summary

How do delta holding's earnings and revenue compare to its market cap?
DHO fundamental statistics
Market Capد.م2.72b
Earnings (TTM)د.م157.26m
Revenue (TTM)د.م2.52b

17.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DHO income statement (TTM)
Revenueد.م2.52b
Cost of Revenueد.م1.56b
Gross Profitد.م961.30m
Expensesد.م804.04m
Earningsد.م157.26m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)1.80
Gross Margin38.15%
Net Profit Margin6.24%
Debt/Equity Ratio31.1%

How did DHO perform over the long term?

See historical performance and comparison

Valuation

Is delta holding undervalued compared to its fair value and its price relative to the market?

17.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DHO (MAD31.05) is trading above our estimate of fair value (MAD5.3)

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


Price To Earnings Ratio

PE vs Industry: DHO is poor value based on its PE Ratio (17.3x) compared to the African Construction industry average (15.3x).

PE vs Market: DHO is good value based on its PE Ratio (17.3x) compared to the MA market (26.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DHO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DHO is overvalued based on its PB Ratio (1.3x) compared to the XF Construction industry average (1.1x).


Future Growth

How is delta holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.2%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as delta holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has delta holding performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DHO has a large one-off gain of MAD65.1M impacting its December 31 2020 financial results.

Growing Profit Margin: DHO's current net profit margins (6.2%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: DHO's earnings have grown by 1.2% per year over the past 5 years.

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

Earnings vs Industry: DHO had negative earnings growth (-28.6%) over the past year, making it difficult to compare to the Construction industry average (-14%).


Return on Equity

High ROE: DHO's Return on Equity (8.1%) is considered low.


Financial Health

How is delta holding's financial position?


Financial Position Analysis

Short Term Liabilities: DHO's short term assets (MAD3.5B) exceed its short term liabilities (MAD2.0B).

Long Term Liabilities: DHO's short term assets (MAD3.5B) exceed its long term liabilities (MAD326.1M).


Debt to Equity History and Analysis

Debt Level: DHO's debt to equity ratio (31.1%) is considered satisfactory.

Reducing Debt: DHO's debt to equity ratio has reduced from 53% to 31.1% over the past 5 years.

Debt Coverage: DHO's debt is well covered by operating cash flow (24.8%).

Interest Coverage: DHO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is delta holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: DHO is not paying a notable dividend for the MA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DHO's dividend in 3 years as they are not forecast to pay a notable one for the MA market.


Next Steps

Management

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


CEO

delta holding has no CEO, or we have no data on them.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

delta holding S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: delta holding S.A.
  • Ticker: DHO
  • Exchange: CBSE
  • Founded: 1974
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: د.م2.720b
  • Shares outstanding: 87.60m
  • Website: https://www.deltaholding.ma

Number of Employees


Location

  • delta holding S.A.
  • Skhirat Complex Angle
  • Hassan II Avenue and Beach Road
  • Skhirat
  • Morocco

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/13 21:23
End of Day Share Price2021/10/13 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.