| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
DSM Overview
Koninklijke DSM N.V., a science-based company, engages in nutrition, health, and sustainable living businesses in the Netherlands, rest of Europe, North America, Latin America, China, India, Japan, rest of Asia, and internationally.
Koninklijke DSM Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €184.40 |
| 52 Week High | €132.70 |
| 52 Week Low | €188.55 |
| Beta | 0.56 |
| 1 Month Change | 2.27% |
| 3 Month Change | 21.00% |
| 1 Year Change | 33.43% |
| 3 Year Change | 98.32% |
| 5 Year Change | 204.49% |
| Change since IPO | 2,727.85% |
Recent News & Updates
Does This Valuation Of Koninklijke DSM N.V. (AMS:DSM) Imply Investors Are Overpaying?
Does the August share price for Koninklijke DSM N.V. ( AMS:DSM ) reflect what it's really worth? Today, we will...
Koninklijke DSM (AMS:DSM) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Koninklijke DSM N.V.'s (AMS:DSM) Intrinsic Value Is Potentially 17% Below Its Share Price
Does the May share price for Koninklijke DSM N.V. ( AMS:DSM ) reflect what it's really worth? Today, we will estimate...
Shareholder Returns
| DSM | NL Chemicals | NL Market | |
|---|---|---|---|
| 7D | 3.8% | 2.4% | -0.9% |
| 1Y | 33.4% | 30.6% | 37.7% |
Return vs Industry: DSM matched the Dutch Chemicals industry which returned 33.2% over the past year.
Return vs Market: DSM underperformed the Dutch Market which returned 38.4% over the past year.
Price Volatility
| DSM volatility | |
|---|---|
| DSM Beta | 0.56 |
| Industry Beta | 0.77 |
| Market Beta | 1 |
Stable Share Price: DSM is less volatile than 75% of Dutch stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: DSM's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1902 | 21,173 | Dimitri de Vreeze | https://www.dsm.com |
Koninklijke DSM N.V., a science-based company, engages in nutrition, health, and sustainable living businesses in the Netherlands, rest of Europe, North America, Latin America, China, India, Japan, rest of Asia, and internationally. It operates through Nutrition, Materials, and Innovation Center segments. The Nutrition segment offers animal nutrition and health products, including vitamins, enzymes, eubiotics, carotenoids, lipids, and minerals; human nutrition and health products comprising carotenoids, digestive enzymes, nutritional lipids, nutraceuticals, probiotic and prebiotics, human milk oligosaccharides, and vitamins, as well as premix, market-ready solutions, and personalized nutrition; and skin and sun care, hair care, and aroma ingredients.
Valuation
Is Koninklijke DSM undervalued compared to its fair value and its price relative to the market?
49.99x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DSM (€184.4) is trading above our estimate of fair value (€133.5)
Significantly Below Fair Value: DSM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DSM is poor value based on its PE Ratio (50x) compared to the Dutch Chemicals industry average (21.9x).
PE vs Market: DSM is poor value based on its PE Ratio (50x) compared to the Dutch market (22.1x).
Price to Earnings Growth Ratio
PEG Ratio: DSM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: DSM is overvalued based on its PB Ratio (3.7x) compared to the NL Chemicals industry average (3.5x).
Future Growth
How is Koninklijke DSM forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
-2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DSM's earnings are forecast to decline over the next 3 years (-2.6% per year).
Earnings vs Market: DSM's earnings are forecast to decline over the next 3 years (-2.6% per year).
High Growth Earnings: DSM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DSM's revenue (4.9% per year) is forecast to grow slower than the Dutch market (9.2% per year).
High Growth Revenue: DSM'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: DSM's Return on Equity is forecast to be low in 3 years time (11.7%).
Past Performance
How has Koninklijke DSM performed over the past 5 years?
-9.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DSM has high quality earnings.
Growing Profit Margin: DSM's current net profit margins (7.4%) are higher than last year (6.9%).
Past Earnings Growth Analysis
Earnings Trend: DSM's earnings have declined by 9.4% per year over the past 5 years.
Accelerating Growth: DSM's earnings growth over the past year (13.1%) exceeds its 5-year average (-9.4% per year).
Earnings vs Industry: DSM earnings growth over the past year (13.1%) underperformed the Chemicals industry 67.1%.
Return on Equity
High ROE: DSM's Return on Equity (7.4%) is considered low.
Financial Health
How is Koninklijke DSM's financial position?
Financial Position Analysis
Short Term Liabilities: DSM's short term assets (€5.8B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: DSM's short term assets (€5.8B) exceed its long term liabilities (€4.2B).
Debt to Equity History and Analysis
Debt Level: DSM's debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: DSM's debt to equity ratio has reduced from 50% to 36.3% over the past 5 years.
Debt Coverage: DSM's debt is well covered by operating cash flow (47.7%).
Interest Coverage: DSM's interest payments on its debt are well covered by EBIT (7.3x coverage).
Balance Sheet
Dividend
What is Koninklijke DSM current dividend yield, its reliability and sustainability?
1.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DSM's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (1.37%).
High Dividend: DSM's dividend (1.3%) is low compared to the top 25% of dividend payers in the Dutch market (4.51%).
Stability and Growth of Payments
Stable Dividend: DSM's dividends per share have been stable in the past 10 years.
Growing Dividend: DSM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.6%), DSM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DSM's dividends in 3 years are forecast to be covered by earnings (51.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Dimitri de Vreeze (54 yo)
1.58yrs
Tenure
€2,639,000
Compensation
Mr. Dimitri de Vreeze serves as Chief Operating Officer of DSM Nutritional Products AG and has been its Chief Executive Officer and President since April 1, 2021. He serves as President of DSM Resins at DS...
CEO Compensation Analysis
Compensation vs Market: Dimitri's total compensation ($USD3.10M) is about average for companies of similar size in the Dutch market ($USD3.03M).
Compensation vs Earnings: Dimitri's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: DSM's management team is considered experienced (4.4 years average tenure).
Board Members
Experienced Board: DSM's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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
Koninklijke DSM N.V.'s employee growth, exchange listings and data sources
Key Information
- Name: Koninklijke DSM N.V.
- Ticker: DSM
- Exchange: ENXTAM
- Founded: 1902
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: €31.493b
- Shares outstanding: 170.78m
- Website: https://www.dsm.com
Number of Employees
Location
- Koninklijke DSM N.V.
- Het Overloon 1
- Heerlen
- Limburg
- 6411 TE
- Netherlands
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/17 22:25 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.