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DECEUNINCK NV (DECB.BR) Stock Fundamental Analysis

EBR:DECB - Euronext Brussels - BE0003789063 - Common Stock - Currency: EUR

2.115  -0.04 (-2.08%)

Fundamental Rating

6

Taking everything into account, DECB scores 6 out of 10 in our fundamental rating. DECB was compared to 18 industry peers in the Building Products industry. DECB has an excellent profitability rating, but there are some minor concerns on its financial health. DECB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

DECB had positive earnings in the past year.
In the past year DECB had a positive cash flow from operations.
In the past 5 years DECB has always been profitable.
Each year in the past 5 years DECB had a positive operating cash flow.
DECB.BR Yearly Net Income VS EBIT VS OCF VS FCFDECB.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

Looking at the Return On Assets, with a value of 1.92%, DECB is in line with its industry, outperforming 55.56% of the companies in the same industry.
The Return On Equity of DECB (4.11%) is comparable to the rest of the industry.
With an excellent Return On Invested Capital value of 8.33%, DECB belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DECB is above the industry average of 5.60%.
The last Return On Invested Capital (8.33%) for DECB is above the 3 year average (7.86%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.92%
ROE 4.11%
ROIC 8.33%
ROA(3y)1.39%
ROA(5y)2.65%
ROE(3y)3.07%
ROE(5y)6.56%
ROIC(3y)7.86%
ROIC(5y)8.72%
DECB.BR Yearly ROA, ROE, ROICDECB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

DECB has a Profit Margin of 1.68%. This is comparable to the rest of the industry: DECB outperforms 55.56% of its industry peers.
DECB's Profit Margin has declined in the last couple of years.
DECB has a better Operating Margin (7.61%) than 61.11% of its industry peers.
DECB's Operating Margin has improved in the last couple of years.
DECB has a Gross Margin (32.08%) which is in line with its industry peers.
In the last couple of years the Gross Margin of DECB has grown nicely.
Industry RankSector Rank
OM 7.61%
PM (TTM) 1.68%
GM 32.08%
OM growth 3Y4.41%
OM growth 5Y26.88%
PM growth 3Y-25.44%
PM growth 5YN/A
GM growth 3Y5.4%
GM growth 5Y2.25%
DECB.BR Yearly Profit, Operating, Gross MarginsDECB.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DECB is creating some value.
Compared to 1 year ago, DECB has less shares outstanding
DECB has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DECB has an improved debt to assets ratio.
DECB.BR Yearly Shares OutstandingDECB.BR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
DECB.BR Yearly Total Debt VS Total AssetsDECB.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

An Altman-Z score of 2.60 indicates that DECB is not a great score, but indicates only limited risk for bankruptcy at the moment.
DECB's Altman-Z score of 2.60 is fine compared to the rest of the industry. DECB outperforms 72.22% of its industry peers.
The Debt to FCF ratio of DECB is 3.54, which is a good value as it means it would take DECB, 3.54 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 3.54, DECB belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
DECB has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
DECB has a better Debt to Equity ratio (0.30) than 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.54
Altman-Z 2.6
ROIC/WACC1.1
WACC7.61%
DECB.BR Yearly LT Debt VS Equity VS FCFDECB.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

DECB has a Current Ratio of 1.47. This is a normal value and indicates that DECB is financially healthy and should not expect problems in meeting its short term obligations.
DECB has a Current ratio (1.47) which is comparable to the rest of the industry.
DECB has a Quick Ratio of 1.47. This is a bad value and indicates that DECB is not financially healthy enough and could expect problems in meeting its short term obligations.
DECB has a better Quick ratio (0.97) than 61.11% of its industry peers.
Industry RankSector Rank
Current Ratio 1.47
Quick Ratio 0.97
DECB.BR Yearly Current Assets VS Current LiabilitesDECB.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

4

3. Growth

3.1 Past

DECB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.19%, which is quite impressive.
DECB shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.17% yearly.
Looking at the last year, DECB shows a decrease in Revenue. The Revenue has decreased by -4.52% in the last year.
DECB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.47% yearly.
EPS 1Y (TTM)45.19%
EPS 3Y-27.17%
EPS 5YN/A
EPS Q2Q%189.41%
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y-0.44%
Revenue growth 5Y5.47%
Sales Q2Q%-7.62%

3.2 Future

DECB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.76% yearly.
Based on estimates for the next years, DECB will show a small growth in Revenue. The Revenue will grow by 2.58% on average per year.
EPS Next Y4.61%
EPS Next 2Y10.17%
EPS Next 3Y9.76%
EPS Next 5YN/A
Revenue Next Year-0.68%
Revenue Next 2Y2.01%
Revenue Next 3Y2.58%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DECB.BR Yearly Revenue VS EstimatesDECB.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
DECB.BR Yearly EPS VS EstimatesDECB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 21.15, the valuation of DECB can be described as rather expensive.
Based on the Price/Earnings ratio, DECB is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
DECB is valuated rather cheaply when we compare the Price/Earnings ratio to 28.10, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.82 indicates a rather cheap valuation of DECB.
DECB's Price/Forward Earnings ratio is rather cheap when compared to the industry. DECB is cheaper than 88.89% of the companies in the same industry.
DECB is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.15
Fwd PE 7.82
DECB.BR Price Earnings VS Forward Price EarningsDECB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DECB indicates a rather cheap valuation: DECB is cheaper than 88.89% of the companies listed in the same industry.
72.22% of the companies in the same industry are more expensive than DECB, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.7
EV/EBITDA 3.49
DECB.BR Per share dataDECB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates DECB does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of DECB may justify a higher PE ratio.
PEG (NY)4.59
PEG (5Y)N/A
EPS Next 2Y10.17%
EPS Next 3Y9.76%

4

5. Dividend

5.1 Amount

DECB has a Yearly Dividend Yield of 2.62%.
DECB's Dividend Yield is rather good when compared to the industry average which is at 2.26. DECB pays more dividend than 83.33% of the companies in the same industry.
DECB's Dividend Yield is comparable with the S&P500 average which is at 2.43.
Industry RankSector Rank
Dividend Yield 2.62%

5.2 History

On average, the dividend of DECB grows each year by 20.83%, which is quite nice.
Dividend Growth(5Y)20.83%
Div Incr Years3
Div Non Decr Years3
DECB.BR Yearly Dividends per shareDECB.BR Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 2025 0.02 0.04 0.06

5.3 Sustainability

DECB pays out 79.68% of its income as dividend. This is not a sustainable payout ratio.
The dividend of DECB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP79.68%
EPS Next 2Y10.17%
EPS Next 3Y9.76%
DECB.BR Yearly Income VS Free CF VS DividendDECB.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M
DECB.BR Dividend Payout.DECB.BR Dividend Payout, showing the Payout Ratio.DECB.BR Dividend Payout.PayoutRetained Earnings

DECEUNINCK NV

EBR:DECB (5/6/2025, 4:25:18 PM)

2.115

-0.04 (-2.08%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)N/A N/A
Inst Owners7.29%
Inst Owner ChangeN/A
Ins Owners42.61%
Ins Owner ChangeN/A
Market Cap293.03M
Analysts84
Price Target3.52 (66.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.62%
Yearly Dividend0.08
Dividend Growth(5Y)20.83%
DP79.68%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-5.48%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-24.29%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-4.68%
Valuation
Industry RankSector Rank
PE 21.15
Fwd PE 7.82
P/S 0.35
P/FCF 8.7
P/OCF 4.06
P/B 0.87
P/tB 0.91
EV/EBITDA 3.49
EPS(TTM)0.1
EY4.73%
EPS(NY)0.27
Fwd EY12.78%
FCF(TTM)0.24
FCFY11.49%
OCF(TTM)0.52
OCFY24.61%
SpS5.97
BVpS2.44
TBVpS2.33
PEG (NY)4.59
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.92%
ROE 4.11%
ROCE 12.88%
ROIC 8.33%
ROICexc 8.96%
ROICexgc 9.28%
OM 7.61%
PM (TTM) 1.68%
GM 32.08%
FCFM 4.07%
ROA(3y)1.39%
ROA(5y)2.65%
ROE(3y)3.07%
ROE(5y)6.56%
ROIC(3y)7.86%
ROIC(5y)8.72%
ROICexc(3y)8.72%
ROICexc(5y)10.57%
ROICexgc(3y)9.04%
ROICexgc(5y)11.04%
ROCE(3y)12.15%
ROCE(5y)13.47%
ROICexcg growth 3Y-18.58%
ROICexcg growth 5Y26.74%
ROICexc growth 3Y-17.98%
ROICexc growth 5Y26.91%
OM growth 3Y4.41%
OM growth 5Y26.88%
PM growth 3Y-25.44%
PM growth 5YN/A
GM growth 3Y5.4%
GM growth 5Y2.25%
F-Score6
Asset Turnover1.15
Health
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.54
Debt/EBITDA 0.92
Cap/Depr 81.53%
Cap/Sales 4.65%
Interest Coverage 5.14
Cash Conversion 65.51%
Profit Quality 242.21%
Current Ratio 1.47
Quick Ratio 0.97
Altman-Z 2.6
F-Score6
WACC7.61%
ROIC/WACC1.1
Cap/Depr(3y)101.13%
Cap/Depr(5y)95.16%
Cap/Sales(3y)5.37%
Cap/Sales(5y)4.99%
Profit Quality(3y)530.57%
Profit Quality(5y)380.7%
High Growth Momentum
Growth
EPS 1Y (TTM)45.19%
EPS 3Y-27.17%
EPS 5YN/A
EPS Q2Q%189.41%
EPS Next Y4.61%
EPS Next 2Y10.17%
EPS Next 3Y9.76%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.52%
Revenue growth 3Y-0.44%
Revenue growth 5Y5.47%
Sales Q2Q%-7.62%
Revenue Next Year-0.68%
Revenue Next 2Y2.01%
Revenue Next 3Y2.58%
Revenue Next 5YN/A
EBIT growth 1Y21.21%
EBIT growth 3Y3.95%
EBIT growth 5Y33.81%
EBIT Next Year60.75%
EBIT Next 3Y21.2%
EBIT Next 5YN/A
FCF growth 1Y-56.66%
FCF growth 3Y73.26%
FCF growth 5Y8.28%
OCF growth 1Y-46.09%
OCF growth 3Y12.97%
OCF growth 5Y4.4%