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Delegat Group

NZSE:DGL
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DGL
NZSE
NZ$1B
Market Cap
  1. Home
  2. NZ
  3. Food, Beverage & Tobacco
Company description

Delegat Group Limited produces, markets, distributes, and sells wine. The last earnings update was 140 days ago. More info.


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DGL Share Price and Events
7 Day Returns
0.4%
NZSE:DGL
1.9%
Oceania Beverage
0.6%
NZ Market
1 Year Returns
34.3%
NZSE:DGL
-2.7%
Oceania Beverage
11.6%
NZ Market
DGL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Delegat Group (DGL) 0.4% 4.9% 16.1% 34.3% 92.6% 183.8%
Oceania Beverage 1.9% 4.4% 7.8% -2.7% 41.6% 80.7%
NZ Market 0.6% 3.9% 6.9% 11.6% 29.3% 58.2%
1 Year Return vs Industry and Market
  • DGL outperformed the Beverage industry which returned -2.7% over the past year.
  • DGL outperformed the Market in New Zealand which returned 11.6% over the past year.
Price Volatility
DGL
Industry
5yr Volatility vs Market

DGL Value

 Is Delegat 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 Delegat 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 Delegat Group.

NZSE:DGL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year NZ Government Bond Rate 2.4%

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 NZSE:DGL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NZ Govt Bond Rate 2.4%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.56 (1 + (1- 28%) (25.48%))
0.774
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)
= 2.37% + (0.8 * 5.96%)
7.14%

Discounted Cash Flow Calculation for NZSE:DGL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Delegat 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.

NZSE:DGL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 7.14%)
2020 28.00 Analyst x1 26.13
2021 33.00 Analyst x1 28.75
2022 37.02 Est @ 12.19% 30.11
2023 40.45 Est @ 9.25% 30.70
2024 43.35 Est @ 7.18% 30.71
2025 45.84 Est @ 5.74% 30.31
2026 48.01 Est @ 4.73% 29.63
2027 49.94 Est @ 4.02% 28.77
2028 51.70 Est @ 3.53% 27.80
2029 53.34 Est @ 3.18% 26.77
Present value of next 10 years cash flows NZ$289.67
NZSE:DGL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NZ$53.34 × (1 + 2.37%) ÷ (7.14% – 2.37%)
NZ$1,145.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$1,145.31 ÷ (1 + 7.14%)10
NZ$574.76
NZSE:DGL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$289.67 + NZ$574.76
NZ$864.44
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$864.44 / 101.13
NZ$8.55
NZSE:DGL Discount to Share Price
Calculation Result
Value per share (NZD) From above. NZ$8.55
Current discount Discount to share price of NZ$11.75
= -1 x (NZ$11.75 - NZ$8.55) / NZ$8.55
-37.5%

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

  • The current share price of Delegat 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 Delegat Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Delegat Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:DGL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in NZD NZ$0.52
NZSE:DGL Share Price ** NZSE (2019-07-15) in NZD NZ$11.75
Oceania Beverage Industry PE Ratio Median Figure of 6 Publicly-Listed Beverage Companies 25.77x
New Zealand Market PE Ratio Median Figure of 89 Publicly-Listed Companies 17.77x

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

** Primary Listing of Delegat Group.

NZSE:DGL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:DGL Share Price ÷ EPS (both in NZD)

= 11.75 ÷ 0.52

22.54x

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

  • Delegat Group is good value based on earnings compared to the Oceania Beverage industry average.
  • Delegat Group is overvalued based on earnings compared to the New Zealand market.
Price based on expected Growth
Does Delegat Group's expected growth come at a high price?
Raw Data
NZSE:DGL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
10.3%per year
Oceania Beverage Industry PEG Ratio Median Figure of 5 Publicly-Listed Beverage Companies 1.52x
New Zealand Market PEG Ratio Median Figure of 64 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

NZSE:DGL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.54x ÷ 10.3%

2.18x

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

  • Delegat Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Delegat Group's assets?
Raw Data
NZSE:DGL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in NZD NZ$3.49
NZSE:DGL Share Price * NZSE (2019-07-15) in NZD NZ$11.75
Oceania Beverage Industry PB Ratio Median Figure of 11 Publicly-Listed Beverage Companies 3.14x
New Zealand Market PB Ratio Median Figure of 127 Publicly-Listed Companies 1.59x
NZSE:DGL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:DGL Share Price ÷ Book Value per Share (both in NZD)

= 11.75 ÷ 3.49

3.37x

* Primary Listing of Delegat Group.

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

  • Delegat Group is overvalued based on assets compared to the Oceania Beverage industry average.
X
Value checks
We assess Delegat 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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Delegat Group has a total score of 1/6, 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.

DGL Future Performance

 How is Delegat Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
10.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Delegat Group expected to grow at an attractive rate?
  • Delegat Group's earnings growth is expected to exceed the low risk savings rate of 2.4%.
Growth vs Market Checks
  • Delegat Group's earnings growth is expected to exceed the New Zealand market average.
  • Delegat Group's revenue growth is expected to exceed the New Zealand market average.
Annual Growth Rates Comparison
Raw Data
NZSE:DGL Future Growth Rates Data Sources
Data Point Source Value (per year)
NZSE:DGL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 10.3%
NZSE:DGL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.2%
Oceania Beverage Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Oceania Beverage Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 7.7%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*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
NZSE:DGL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:DGL Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 370 1
2022-06-30 345 1
2021-06-30 325 68 64 3
2020-06-30 302 63 57 3
2019-06-30 284 47 51 3
NZSE:DGL Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2018-12-31 289 55 53
2018-09-30 280 56 50
2018-06-30 272 58 47
2018-03-31 253 58 44
2017-12-31 244 59 41
2017-09-30 248 59 41
2017-06-30 253 59 41
2017-03-31 251 56 43
2016-12-31 250 52 46
2016-09-30 249 47 47
2016-06-30 247 42 48
2016-03-31 250 38 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Delegat Group's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
  • Delegat Group's revenue is expected to grow by 6.2% 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
NZSE:DGL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Delegat Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:DGL Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.64 0.66 0.62 3.00
2020-06-30 0.56 0.57 0.55 3.00
2019-06-30 0.51 0.51 0.50 3.00
NZSE:DGL Past Financials Data
Date (Data in NZD Millions) EPS *
2018-12-31 0.52
2018-09-30 0.49
2018-06-30 0.46
2018-03-31 0.43
2017-12-31 0.40
2017-09-30 0.40
2017-06-30 0.40
2017-03-31 0.43
2016-12-31 0.45
2016-09-30 0.46
2016-06-30 0.48
2016-03-31 0.50

*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.
  • Delegat Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Delegat 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 Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania 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.
Delegat Group has a total score of 3/6, 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.

DGL Past Performance

  How has Delegat 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 Delegat Group's growth in the last year to its industry (Beverage).
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.
  • Delegat Group's year on year earnings growth rate has been positive over the past 5 years.
  • Delegat Group's 1-year earnings growth exceeds its 5-year average (28.7% vs 4.9%)
  • Delegat Group's earnings growth has exceeded the Oceania Beverage industry average in the past year (28.7% vs 25.6%).
Earnings and Revenue History
Delegat 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 Delegat Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:DGL Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 288.83 52.71 73.24
2018-09-30 280.48 49.77 72.68
2018-06-30 272.12 46.84 72.12
2018-03-31 253.41 43.89 60.67
2017-12-31 243.97 40.95 58.50
2017-09-30 248.34 40.80 62.59
2017-06-30 252.71 40.66 66.69
2017-03-31 251.24 43.19 64.60
2016-12-31 249.76 45.72 62.51
2016-09-30 248.55 46.92 63.95
2016-06-30 247.33 48.11 65.39
2016-03-31 249.53 50.32 65.26
2015-12-31 251.02 44.28 65.13
2015-09-30 241.09 38.40 61.10
2015-06-30 231.15 32.52 57.07
2015-03-31 210.70 33.56 45.28
2014-12-31 190.24 34.59 33.49
2014-09-30 193.82 38.59 41.30
2014-06-30 197.41 42.60 49.11
2014-03-31 208.63 41.17 65.85
2013-12-31 219.85 39.75 82.59
2013-09-30 220.94 40.48 80.93
2013-06-30 222.04 41.22 79.27
2013-03-31 222.87 35.63 77.56
2012-12-31 223.70 30.05 75.86
2012-09-30 221.46 27.75 77.30

*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.
  • Delegat Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Delegat Group used its assets more efficiently than the Oceania Beverage industry average last year based on Return on Assets.
  • Delegat Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Delegat 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 Beverage 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.
Delegat Group has a total score of 4/6, 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.

DGL Health

 How is Delegat 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 Delegat Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Delegat Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Delegat Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Delegat 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 not covered by short term assets, assets are 0.7x 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 Delegat Group Company Filings, last reported 6 months ago.

NZSE:DGL Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 352.45 302.82 6.99
2018-09-30 352.45 302.82 6.99
2018-06-30 343.19 289.47 4.26
2018-03-31 343.19 289.47 4.26
2017-12-31 315.42 300.93 3.90
2017-09-30 315.42 300.93 3.90
2017-06-30 307.07 288.26 4.48
2017-03-31 307.07 288.26 4.48
2016-12-31 285.69 304.53 5.47
2016-09-30 285.69 304.53 5.47
2016-06-30 279.99 296.60 4.43
2016-03-31 313.89 296.60 4.43
2015-12-31 280.44 258.76 7.26
2015-09-30 280.44 258.76 7.26
2015-06-30 273.42 211.21 4.78
2015-03-31 273.42 211.21 4.78
2014-12-31 248.20 188.02 7.48
2014-09-30 248.20 188.02 7.48
2014-06-30 249.06 158.52 4.22
2014-03-31 249.06 158.52 4.22
2013-12-31 224.52 155.34 6.08
2013-09-30 224.52 155.34 6.08
2013-06-30 217.39 139.77 2.57
2013-03-31 217.39 139.77 2.57
2012-12-31 195.69 120.75 6.56
2012-09-30 195.69 120.75 6.56
  • Delegat Group's level of debt (85.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (69.1% vs 85.9% today).
  • Debt is not well covered by operating cash flow (18.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).
X
Financial health checks
We assess Delegat 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. Delegat Group has a total score of 2/6, 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.

DGL Dividends

 What is Delegat 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
1.28%
Current annual income from Delegat Group dividends. Estimated to be 1.7% next year.
If you bought NZ$2,000 of Delegat Group shares you are expected to receive NZ$26 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?
  • Delegat Group's pays a lower dividend yield than the bottom 25% of dividend payers in New Zealand (3.17%).
  • Delegat Group's dividend is below the markets top 25% of dividend payers in New Zealand (5.78%).
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
NZSE:DGL 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 3 Analyst Estimates (S&P Global) See Below
Oceania Beverage Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.1%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.6%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 2.3%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3.2%
New Zealand Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

NZSE:DGL Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.21 2.00
2020-06-30 0.19 2.00
2019-06-30 0.17 2.00
NZSE:DGL Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2018-12-05 0.150 1.464
2017-08-28 0.130 1.558
2016-08-25 0.120 1.937
2015-08-27 0.110 1.908
2014-08-28 0.110 2.301
2013-08-26 0.100 2.582
2012-08-29 0.090 2.596
2011-08-25 0.080 3.423
2010-08-27 0.080 4.073
2009-08-28 0.080 3.989
2008-08-28 0.060 2.857

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

  • Delegat Group is not paying a notable dividend for New Zealand, therefore no need to check if the payments are stable.
  • Delegat Group is not paying a notable dividend for New Zealand, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Delegat Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Delegat Group's dividends as it is not paying a notable one for New Zealand.
Future Payout to shareholders
  • No need to calculate the sustainability of Delegat Group's dividends in 3 years as they are not expected to pay a notable one for New Zealand.
X
Income/ dividend checks
We assess Delegat Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 2.3%) - 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 Delegat Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Delegat Group has a total score of 0/6, see the detailed checks below.


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

DGL Management

 What is the CEO of Delegat 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
John Freeman
COMPENSATION NZ$420,000
TENURE AS CEO 1 years
CEO Bio

Mr. John Anthony Freeman is the Managing Director of Delegat Group Limited since July 1, 2018 and its Director since July 3, 2018. John is responsible for developing growth plans, building a high performing organisation and executing business plans. He originally joined Delegat in 2005, holding various sales leadership and management roles both in Auckland and in the Group’s overseas subsidiaries. John also brings to Delegat Group Limited his experience from the technology and finance industries, and has a Masters of Business Administration from the Australian Graduate School of Management. He is a member of the Institute of Directors.

CEO Compensation
  • Insufficient data for John to compare compensation growth.
  • John's remuneration is lower than average for companies of similar size in New Zealand.
Management Team

Jim Delegat

TITLE
Executive Chairman

John Freeman

TITLE
MD & Executive Director
COMPENSATION
NZ$420K
TENURE
1 yrs

Murray Annabell

TITLE
Chief Financial Officer
TENURE
6.9 yrs
Board of Directors Tenure

Average tenure of the Delegat Group board of directors in years:

4.8
Average Tenure
  • The tenure for the Delegat Group board of directors is about average.
Board of Directors

Jim Delegat

TITLE
Executive Chairman

John Freeman

TITLE
MD & Executive Director
COMPENSATION
NZ$420K
TENURE
1 yrs

Alan Jackson

TITLE
Non-Executive Independent Director
COMPENSATION
NZ$85K
AGE
66
TENURE
6.8 yrs

Shelley Cave

TITLE
Non Executive Independent Director
COMPENSATION
NZ$85K
TENURE
2.8 yrs

Bob Wilton

TITLE
Non-Executive Non-Independent Director
COMPENSATION
NZ$165K

Rose Delegat

TITLE
Non-Executive Non-Independent Director
COMPENSATION
NZ$65K
TENURE
12 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NZ$) Value (NZ$)
X
Management checks
We assess Delegat 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. Delegat 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.

DGL News

Simply Wall St News

Is Delegat Group Limited's (NZSE:DGL) 15% ROE Better Than Average?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Delegat Group: 15% = NZ$53m ÷ NZ$352m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Delegat Group Have A Good Return On Equity? … Delegat Group's Debt And Its 15% ROE Although Delegat Group does use debt, its debt to equity ratio of 0.86 is still low.

Simply Wall St -

Can You Imagine How Chuffed Delegat Group's (NZSE:DGL) Shareholders Feel About Its 185% Share Price Gain?

Over half a decade, Delegat Group managed to grow its earnings per share at 5.8% a year. … As it happens, Delegat Group's TSR for the last 5 years was 220%, which exceeds the share price return mentioned earlier. … A Different Perspective It's nice to see that Delegat Group shareholders have received a total shareholder return of 38% over the last year.

Simply Wall St -

Delegat Group Limited (NZSE:DGL): Time For A Financial Health Check

Moreover, DGL has generated NZ$55m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 18%, indicating that DGL’s current level of operating cash is not high enough to cover debt. … Looking at DGL’s NZ$30m in current liabilities, it appears that the company has been able to meet these commitments with a current assets level of NZ$200m, leading to a 6.6x current account ratio. … Next Steps: DGL’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Here's What Delegat Group Limited's (NZSE:DGL) P/E Ratio Is Telling Us

Delegat Group has a price to earnings ratio of 20.53, based on the last twelve months. … View our latest analysis for Delegat Group How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Delegat Group: P/E of 20.53 = NZ$10.7 ÷ NZ$0.52 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Here's Why We Think Delegat Group (NZSE:DGL) Is Well Worth Watching

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Delegat Group (NZSE:DGL). … Earnings growth might be the main game for Delegat Group, but the fun does not stop there. … Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares.

Simply Wall St -

Is There More To Delegat Group Limited (NZSE:DGL) Than Its 13% Returns On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Delegat Group Limited (NZSE:DGL) Expensive For A Reason? A Look At Its Intrinsic Value

I will use the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. … We're using the 2-stage growth model, which simply means we take in account two stages of company's growth

Simply Wall St -

Does Delegat Group Limited's (NZSE:DGL) Past Performance Indicate A Stronger Future?

Today I will assess DGL's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … How Did DGL's Recent Performance Stack Up Against Its Past. … DGL's trailing twelve-month earnings (from 31 December 2018) of NZ$53m has.

Simply Wall St -

Is Delegat Group Limited's (NZSE:DGL) ROE Of 15% Impressive?

Delegat Group has a ROE of 15%, based on the last twelve months. … One way to conceptualize this, is that for each NZ$1 of shareholders' equity it has, the company made NZ$0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Announcing: Delegat Group (NZSE:DGL) Stock Increased An Energizing 153% In The Last Five Years

One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, Delegat Group managed to grow its earnings per share at 5.8% a year. … This EPS growth is slower than the share price growth of 20% per year, over the same period.

Simply Wall St -

DGL Company Info

Description

Delegat Group Limited produces, markets, distributes, and sells wine. The company markets and sells its products primarily under the Oyster Bay and Barossa Valley Estate brands, as well as under the Delegat name to retailers and distributors in the United Kingdom, Ireland, and rest of Europe; and the United States, Canada, Australia, New Zealand, and the Asia Pacific. It also provides brand marketing services. The company was formerly known as Delegat’s Group Limited and changed its name to Delegat Group Limited in July 2014. Delegat Group Limited was founded in 1947 and is based in Auckland, New Zealand. Delegat Group Limited is a subsidiary of Delegat Share Protection Trust.

Details
Name: Delegat Group Limited
DGL
Exchange: NZSE
Founded: 1947
NZ$1,188,277,500
101,130,000
Website: http://www.delegat.com
Address: Delegat Group Limited
10 Viaduct Harbour Avenue,
Level 1,
Auckland,
1010,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE DGL Ordinary Shares New Zealand Stock Exchange NZ NZD 21. Apr 2006
Number of employees
Current staff
Staff numbers
0
Delegat Group employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 10:34
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/06/25
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.