Dino Polska (WSE:DNP) - Share price, News & Analysis

DNP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	2/6
Financial Health	4/6
Dividends	0/6

DNP Stock Overview

Dino Polska S.A., together with its subsidiaries, operates a chain of mid-sized grocery supermarkets under the Dino name in Poland.

Rewards

Trading at 51.7% below our estimate of its fair value

Earnings are forecast to grow 23.74% per year

Earnings have grown 32.5% per year over the past 5 years

Risk Analysis

High level of non-cash earnings

Has a high level of debt

Dino Polska Competitors

Dollar General

NYSE:DG

US$44.8b

Dollar Tree

NasdaqGS:DLTR

US$29.4b

Dollarama

TSX:DOL

CA$19.9b

Five Below

NasdaqGS:FIVE

US$6.4b

Price History & Performance

Summary of all time highs, changes and price drops for Dino Polska
Historical stock prices
Current Share Price	zł293.60
52 Week High	zł376.80
52 Week Low	zł240.00
Beta	0.46
1 Month Change	-7.23%
3 Month Change	2.84%
1 Year Change	4.82%
3 Year Change	136.77%
5 Year Change	622.26%
Change since IPO	682.93%

Recent News & Updates

Apr 25

Is Dino Polska (WSE:DNP) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Apr 11

We Think Dino Polska (WSE:DNP) Might Have The DNA Of A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Mar 15

I Ran A Stock Scan For Earnings Growth And Dino Polska (WSE:DNP) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

	DNP	PL Consumer Retailing	PL Market
7D	-2.2%	-2.0%	0.3%
1Y	4.8%	-16.7%	-15.0%

Return vs Industry: DNP exceeded the Polish Consumer Retailing industry which returned -15.2% over the past year.

Return vs Market: DNP exceeded the Polish Market which returned -14% over the past year.

Price Volatility

Is DNP's price volatile compared to industry and market?
DNP volatility
DNP Average Weekly Movement	6.8%
Consumer Retailing Industry Average Movement	5.7%
Market Average Movement	6.9%
10% most volatile stocks in PL Market	13.4%
10% least volatile stocks in PL Market	4.5%

Stable Share Price: DNP is not significantly more volatile than the rest of Polish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: DNP's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	33,422	n/a	https://grupadino.pl

Dino Polska S.A., together with its subsidiaries, operates a chain of mid-sized grocery supermarkets under the Dino name in Poland. The company offers range of food products, including meat, poultry and cold cuts, fruit and vegetables, bread, and dairy products, as well as other food, chemical, and cosmetic products; grocery products, such as children’s food, breakfast products, ready to eat meals, beverages, candies, snacks, frozen goods, processed goods, oils, grain and bulk products, condiments, and alcohol and cigarettes; and non-grocery products, which include flowers, cleaning agents, sanitary articles, pet food, and small household appliance products. It is also involved in producing, processing, and preserving of meat products; renting and operating of own or leased real estate; private purchase and sale of real estate; manufacturing and processing of refined petroleum products; and retail sale of automotive fuels, as well as provision of warehousing and storage, and financial services.

Dino Polska Fundamentals Summary

How do Dino Polska's earnings and revenue compare to its market cap?
DNP fundamental statistics
Market Cap	zł28.78b
Earnings (TTM)	zł851.84m
Revenue (TTM)	zł14.46b

33.8x

P/E Ratio

2.0x

P/S Ratio

Is DNP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DNP income statement (TTM)
Revenue	zł14.46b
Cost of Revenue	zł10.86b
Gross Profit	zł3.60b
Other Expenses	zł2.74b
Earnings	zł851.84m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 18, 2022

Earnings per share (EPS)	8.69
Gross Margin	24.88%
Net Profit Margin	5.89%
Debt/Equity Ratio	53.0%

How did DNP perform over the long term?

See historical performance and comparison

Valuation

Is Dino Polska undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DNP (PLN293.6) is trading below our estimate of fair value (PLN607.64)

Significantly Below Fair Value: DNP is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: DNP is poor value based on its Price-To-Earnings Ratio (33.8x) compared to the European Consumer Retailing industry average (14.7x).

PE vs Market: DNP is poor value based on its Price-To-Earnings Ratio (33.8x) compared to the Polish market (10.2x).

Price to Earnings Growth Ratio

PEG Ratio: DNP is poor value based on its PEG Ratio (1.4x)

Price to Book Ratio

PB vs Industry: DNP is overvalued based on its Price-To-Book Ratio (8.8x) compared to the PL Consumer Retailing industry average (2.4x).

Future Growth

How is Dino Polska forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DNP's forecast earnings growth (23.7% per year) is above the savings rate (2.5%).

Earnings vs Market: DNP's earnings (23.7% per year) are forecast to grow faster than the Polish market (6.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DNP's revenue (18.9% per year) is forecast to grow faster than the Polish market (5.6% per year).

High Growth Revenue: DNP's revenue (18.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DNP's Return on Equity is forecast to be high in 3 years time (27.9%)

Past Performance

How has Dino Polska 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

32.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DNP has a high level of non-cash earnings.

Growing Profit Margin: DNP's current net profit margins (5.9%) are lower than last year (6.4%).

Past Earnings Growth Analysis

Earnings Trend: DNP's earnings have grown significantly by 32.5% per year over the past 5 years.

Accelerating Growth: DNP's earnings growth over the past year (24.4%) is below its 5-year average (32.5% per year).

Earnings vs Industry: DNP earnings growth over the past year (24.4%) underperformed the Consumer Retailing industry 24.7%.

Return on Equity

High ROE: DNP's Return on Equity (26.1%) is considered high.

Financial Health

How is Dino Polska's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DNP's short term assets (PLN2.0B) do not cover its short term liabilities (PLN2.8B).

Long Term Liabilities: DNP's short term assets (PLN2.0B) exceed its long term liabilities (PLN1.3B).

Debt to Equity History and Analysis

Debt Level: DNP's net debt to equity ratio (44.5%) is considered high.

Reducing Debt: DNP's debt to equity ratio has reduced from 66.2% to 53% over the past 5 years.

Debt Coverage: DNP's debt is well covered by operating cash flow (59.9%).

Interest Coverage: DNP's interest payments on its debt are well covered by EBIT (17.8x coverage).

Balance Sheet

Dividend

What is Dino Polska current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.43%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DNP has not reported any payouts.

Discover strong dividend paying companies

Management

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

12.3yrs

Average board tenure

CEO

Dino Polska has no CEO, or we have no data on them.

Board Members

Experienced Board: DNP's board of directors are seasoned and experienced ( 12.3 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31