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DGH

Distell Group HoldingsJSE:DGH Stock Report

Market Cap

R40.6b

7D

-0.8%

1Y

156.2%

Updated

18 Oct, 2021

Data

Company Financials +
DGH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends0/6

DGH Overview

Distell Group Holdings Limited, an investment holding company, engages in the production, marketing, and distribution of wines, spirits, ciders, and other ready-to-drink (RTD) beverages South Africa, rest of Africa, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Distell Group Holdings
Historical stock prices
Current Share PriceR184.44
52 Week HighR69.80
52 Week LowR192.83
Beta0.61
1 Month Change3.57%
3 Month Change9.63%
1 Year Change156.17%
3 Year Change69.21%
5 Year Change9.46%
Change since IPO2,359.20%

Recent News & Updates

Shareholder Returns

DGHZA BeverageZA Market
7D-0.8%0.6%0.7%
1Y156.2%25.0%20.7%

Return vs Industry: DGH exceeded the ZA Beverage industry which returned 25.6% over the past year.

Return vs Market: DGH exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is DGH's price volatile compared to industry and market?
DGH volatility
DGH Beta0.61
Industry Beta0.68
Market Beta1

Stable Share Price: DGH is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: DGH's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19254,440Richard Rushtonhttps://www.distell.co.za

Distell Group Holdings Limited, an investment holding company, engages in the production, marketing, and distribution of wines, spirits, ciders, and other ready-to-drink (RTD) beverages South Africa, rest of Africa, and internationally. The company offers its products under the Scottish Leader, Black Bottle, Bunnahabhain, Tobermory, Deanston, Ledaig, Cruz Vodka, Kibao, Kingfisher, Caprice Wines, Hunter’s Choice, Altar Wines, and Yatta Juice. It also engages in the farming business.

Distell Group Holdings Fundamentals Summary

How do Distell Group Holdings's earnings and revenue compare to its market cap?
DGH fundamental statistics
Market CapR40.58b
Earnings (TTM)R1.94b
Revenue (TTM)R19.95b

21.0x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DGH income statement (TTM)
RevenueR19.95b
Cost of RevenueR12.13b
Gross ProfitR7.82b
ExpensesR5.89b
EarningsR1.94b

Valuation

Is Distell Group Holdings undervalued compared to its fair value and its price relative to the market?

20.96x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DGH (ZAR184.44) is trading above our estimate of fair value (ZAR171.39)

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


Price To Earnings Ratio

PE vs Industry: DGH is good value based on its PE Ratio (21x) compared to the African Beverage industry average (27.6x).

PE vs Market: DGH is poor value based on its PE Ratio (21x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: DGH is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: DGH is overvalued based on its PB Ratio (3.1x) compared to the XF Beverage industry average (2.4x).


Future Growth

How is Distell Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DGH's forecast earnings growth (16.5% per year) is above the savings rate (8.8%).

Earnings vs Market: DGH's earnings (16.5% per year) are forecast to grow faster than the ZA market (12.2% per year).

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

Revenue vs Market: DGH's revenue (17.8% per year) is forecast to grow faster than the ZA market (6.1% per year).

High Growth Revenue: DGH's revenue (17.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DGH's Return on Equity is forecast to be low in 3 years time (18.8%).


Past Performance

How has Distell Group Holdings performed over the past 5 years?

-14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DGH has high quality earnings.

Growing Profit Margin: DGH's current net profit margins (9.7%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: DGH's earnings have declined by 14.5% per year over the past 5 years.

Accelerating Growth: DGH's earnings growth over the past year (519.9%) exceeds its 5-year average (-14.5% per year).

Earnings vs Industry: DGH earnings growth over the past year (519.9%) exceeded the Beverage industry 19.7%.


Return on Equity

High ROE: DGH's Return on Equity (14.8%) is considered low.


Financial Health

How is Distell Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: DGH's short term assets (ZAR14.5B) exceed its short term liabilities (ZAR8.8B).

Long Term Liabilities: DGH's short term assets (ZAR14.5B) exceed its long term liabilities (ZAR3.4B).


Debt to Equity History and Analysis

Debt Level: DGH's debt to equity ratio (32.7%) is considered satisfactory.

Reducing Debt: DGH's debt to equity ratio has reduced from 45.4% to 32.7% over the past 5 years.

Debt Coverage: DGH's debt is well covered by operating cash flow (92.2%).

Interest Coverage: DGH's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

What is Distell Group Holdings's current dividend yield, its reliability and sustainability?

2.87%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: DGH is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

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


Next Steps

Management

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

6.1yrs

Average management tenure


CEO

Richard Rushton (58 yo)

no data

Tenure

R23,656,000

Compensation

Mr. Richard M. Rushton, B.Com., serves as the Managing Director at Distell Group Limited and has been its Executive Director since November 01, 2013. He is the Managing Director, Group Chief Executive offi...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD1.61M) is about average for companies of similar size in the ZA market ($USD1.28M).

Compensation vs Earnings: Richard's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: DGH's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: DGH's board of directors are considered experienced (6.1 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.


Top Shareholders

Company Information

Distell Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Distell Group Holdings Limited
  • Ticker: DGH
  • Exchange: JSE
  • Founded: 1925
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: R40.582b
  • Shares outstanding: 220.03m
  • Website: https://www.distell.co.za

Number of Employees


Location

  • Distell Group Holdings Limited
  • Aan-de-Wagenweg
  • Stellenbosch
  • Western Cape
  • 7600
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:35
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.