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DH

Délice HoldingBVMT:DH Stock Report

Market Cap

د.ت807.1m

7D

-0.07%

1Y

2.4%

Updated

20 Oct, 2021

Data

Company Financials +
DH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends2/6

DH Overview

Délice Holding SA engages in the food business in Tunisia.

Rewards

Earnings are forecast to grow 18.51% per year

Earnings grew by 9.2% over the past year

Risk Analysis

No risks detected for DH from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Délice Holding
Historical stock prices
Current Share Priceد.ت14.69
52 Week Highد.ت14.10
52 Week Lowد.ت15.10
Beta-0.00044
1 Month Change0.34%
3 Month Change0.27%
1 Year Change2.37%
3 Year Change-5.83%
5 Year Change2.73%
Change since IPO-7.03%

Recent News & Updates

Shareholder Returns

DHTN FoodTN Market
7D-0.07%-1.3%-0.7%
1Y2.4%16.4%-0.2%

Return vs Industry: DH underperformed the TN Food industry which returned 16.6% over the past year.

Return vs Market: DH exceeded the TN Market which returned 0.3% over the past year.

Price Volatility

Is DH's price volatile compared to industry and market?
DH volatility
DH Beta-0.00044
Industry Beta0.52
Market Beta1

Stable Share Price: DH is less volatile than 75% of TN stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: DH's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978n/aMohamed Meddebhttps://www.delice.tn

Délice Holding SA engages in the food business in Tunisia. The company produces and sells carbonated and non-carbonated drinks and juice beverages; dairy products, such as milk, flavored milk, milkshake, fermented milk, fresh cream, butter, and yoghurt; and cheese. It offers its products under the DELICE and DANONE brands.

Délice Holding Fundamentals Summary

How do Délice Holding's earnings and revenue compare to its market cap?
DH fundamental statistics
Market Capد.ت807.14m
Earnings (TTM)د.ت56.96m
Revenue (TTM)د.ت1.05b

14.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DH income statement (TTM)
Revenueد.ت1.05b
Cost of Revenueد.ت792.81m
Gross Profitد.ت253.50m
Expensesد.ت196.55m
Earningsد.ت56.96m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.04
Gross Margin24.23%
Net Profit Margin5.44%
Debt/Equity Ratio0.0%

How did DH perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Délice Holding undervalued compared to its fair value and its price relative to the market?

14.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DH (TND14.69) is trading above our estimate of fair value (TND9.81)

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


Price To Earnings Ratio

PE vs Industry: DH is poor value based on its PE Ratio (14.2x) compared to the African Food industry average (13.4x).

PE vs Market: DH is poor value based on its PE Ratio (14.2x) compared to the TN market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: DH is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: DH's PB Ratio (1.4x) is in line with the XF Food industry average.


Future Growth

How is Délice Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DH's forecast earnings growth (18.5% per year) is above the savings rate (9.1%).

Earnings vs Market: DH's earnings (18.5% per year) are forecast to grow faster than the TN market (12.7% per year).

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

Revenue vs Market: DH's revenue (11.6% per year) is forecast to grow faster than the TN market (7.5% per year).

High Growth Revenue: DH's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DH's Return on Equity is forecast to be high in 3 years time (23.9%)


Past Performance

How has Délice Holding performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DH has high quality earnings.

Growing Profit Margin: DH's current net profit margins (5.4%) are higher than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: DH's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: DH's earnings growth over the past year (9.2%) is below its 5-year average (12% per year).

Earnings vs Industry: DH earnings growth over the past year (9.2%) exceeded the Food industry 8%.


Return on Equity

High ROE: DH's Return on Equity (9.9%) is considered low.


Financial Health

How is Délice Holding's financial position?


Financial Position Analysis

Short Term Liabilities: DH's short term assets (TND40.4M) exceed its short term liabilities (TND21.7M).

Long Term Liabilities: DH's short term assets (TND40.4M) exceed its long term liabilities (TND303.8K).


Debt to Equity History and Analysis

Debt Level: DH is debt free.

Reducing Debt: DH has no debt compared to 5 years ago when its debt to equity ratio was 80.4%.

Debt Coverage: DH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Délice Holding current dividend yield, its reliability and sustainability?

2.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DH's dividend (2.52%) isn’t notable compared to the bottom 25% of dividend payers in the TN market (2.91%).

High Dividend: DH's dividend (2.52%) is low compared to the top 25% of dividend payers in the TN market (6.68%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DH's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.1%), DH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DH's dividends in 3 years are forecast to be well covered by earnings (27% payout ratio).


Next Steps

Management

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


CEO

Mohamed Meddeb

8.42yrs

Tenure

Mr. Mohamed Meddeb has been Chief Executive Officer at Délice Holding SA (formerly known as Delice Holding SA) since May 16, 2013. Mr. Meddeb served as Chief Executive Officer of CLC, CLSB, SBC, CF, STIAL...


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

Délice Holding SA's employee growth, exchange listings and data sources


Key Information

  • Name: Délice Holding SA
  • Ticker: DH
  • Exchange: BVMT
  • Founded: 1978
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: د.ت807.137m
  • Shares outstanding: 54.91m
  • Website: https://www.delice.tn

Location

  • Délice Holding SA
  • Immeuble JOUMANA
  • La Goulette (10,05 km)
  • Tunis
  • 2015
  • Tunisia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:33
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
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.