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DECEUNINCK NV (DECB.BR) Stock Fundamental Analysis

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

2.215  0 (0%)

Fundamental Rating

3

Overall DECB gets a fundamental rating of 3 out of 10. We evaluated DECB against 18 industry peers in the Building Products industry. While DECB is still in line with the averages on profitability rating, there are concerns on its financial health. DECB has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

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.
Of the past 5 years DECB 4 years were 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 0 50M 100M

1.2 Ratios

Looking at the Return On Assets, with a value of 0.26%, DECB is doing worse than 61.11% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.58%, DECB is doing worse than 61.11% of the companies in the same industry.
DECB has a Return On Invested Capital (7.07%) which is in line with its industry peers.
DECB had an Average Return On Invested Capital over the past 3 years of 8.88%. This is above the industry average of 6.82%.
Industry RankSector Rank
ROA 0.26%
ROE 0.58%
ROIC 7.07%
ROA(3y)2.42%
ROA(5y)1.76%
ROE(3y)6.18%
ROE(5y)4.44%
ROIC(3y)8.88%
ROIC(5y)7.27%
DECB.BR Yearly ROA, ROE, ROICDECB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5 10

1.3 Margins

DECB has a worse Profit Margin (0.22%) than 61.11% of its industry peers.
In the last couple of years the Profit Margin of DECB has declined.
The Operating Margin of DECB (6.35%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of DECB has declined.
With a Gross Margin value of 33.09%, DECB perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
DECB's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 6.35%
PM (TTM) 0.22%
GM 33.09%
OM growth 3Y-6.64%
OM growth 5Y-1.9%
PM growth 3Y-33.8%
PM growth 5Y-12.92%
GM growth 3Y0.79%
GM growth 5Y1.58%
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 0 10 20 30

3

2. Health

2.1 Basic Checks

DECB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
DECB has about the same amout of shares outstanding than it did 1 year ago.
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 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 200M 400M 600M

2.2 Solvency

DECB has an Altman-Z score of 2.57. This is not the best score and indicates that DECB is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.57, DECB is doing good in the industry, outperforming 72.22% of the companies in the same industry.
The Debt to FCF ratio of DECB is 14.56, which is on the high side as it means it would take DECB, 14.56 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 14.56, DECB is not doing good in the industry: 61.11% of the companies in the same industry are doing better.
DECB has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
DECB has a better Debt to Equity ratio (0.35) than 77.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 14.56
Altman-Z 2.57
ROIC/WACC1.08
WACC6.56%
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 0 100M 200M 300M

2.3 Liquidity

DECB has a Current Ratio of 1.43. This is a normal value and indicates that DECB is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.43, DECB is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
DECB has a Quick Ratio of 1.43. 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 Quick ratio of 0.79. This is in the lower half of the industry: DECB underperforms 66.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.43
Quick Ratio 0.79
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 100M 200M 300M 400M

3

3. Growth

3.1 Past

The earnings per share for DECB have decreased strongly by -83.58% in the last year.
The Earnings Per Share has been decreasing by -8.70% on average over the past years.
The Revenue has decreased by -3.81% in the past year.
DECB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.14% yearly.
EPS 1Y (TTM)-83.58%
EPS 3Y-27.17%
EPS 5Y-8.7%
EPS Q2Q%-45.45%
Revenue 1Y (TTM)-3.81%
Revenue growth 3Y10.48%
Revenue growth 5Y5.14%
Sales Q2Q%-1.32%

3.2 Future

The Earnings Per Share is expected to grow by 20.93% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.21% on average over the next years.
EPS Next Y1.87%
EPS Next 2Y25.19%
EPS Next 3Y20.93%
EPS Next 5YN/A
Revenue Next Year0.18%
Revenue Next 2Y0.07%
Revenue Next 3Y1.6%
Revenue Next 5Y2.21%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.1 0.2 0.3 0.4

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 110.75, which means the current valuation is very expensive for DECB.
Compared to the rest of the industry, the Price/Earnings ratio of DECB indicates a slightly more expensive valuation: DECB is more expensive than 61.11% of the companies listed in the same industry.
DECB's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.80.
Based on the Price/Forward Earnings ratio of 6.20, the valuation of DECB can be described as very cheap.
Based on the Price/Forward Earnings ratio, DECB is valued cheaper than 88.89% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.91, DECB is valued rather cheaply.
Industry RankSector Rank
PE 110.75
Fwd PE 6.2
DECB.BR Price Earnings VS Forward Price EarningsDECB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DECB indicates a somewhat cheap valuation: DECB is cheaper than 72.22% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, DECB is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 27.84
EV/EBITDA 4.44
DECB.BR Per share dataDECB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as DECB's earnings are expected to grow with 20.93% in the coming years.
PEG (NY)59.31
PEG (5Y)N/A
EPS Next 2Y25.19%
EPS Next 3Y20.93%

3

5. Dividend

5.1 Amount

DECB has a Yearly Dividend Yield of 2.53%.
DECB's Dividend Yield is a higher than the industry average which is at 2.37.
DECB's Dividend Yield is comparable with the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 2.53%

5.2 History

On average, the dividend of DECB grows each year by 23.51%, which is quite nice.
Dividend Growth(5Y)23.51%
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 0.02 0.04 0.06

5.3 Sustainability

DECB pays out 647.05% 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.
DP647.05%
EPS Next 2Y25.19%
EPS Next 3Y20.93%
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 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 (3/28/2025, 10:41:46 AM)

2.215

0 (0%)

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 Cap306.89M
Analysts84
Price Target3.52 (58.92%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.53%
Yearly Dividend0.09
Dividend Growth(5Y)23.51%
DP647.05%
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)-5.48%
PT rev (3m)5.61%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 110.75
Fwd PE 6.2
P/S 0.36
P/FCF 27.84
P/OCF 4.83
P/B 0.94
P/tB 0.98
EV/EBITDA 4.44
EPS(TTM)0.02
EY0.9%
EPS(NY)0.36
Fwd EY16.12%
FCF(TTM)0.08
FCFY3.59%
OCF(TTM)0.46
OCFY20.71%
SpS6.21
BVpS2.36
TBVpS2.25
PEG (NY)59.31
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.26%
ROE 0.58%
ROCE 11.29%
ROIC 7.07%
ROICexc 7.34%
ROICexgc 7.58%
OM 6.35%
PM (TTM) 0.22%
GM 33.09%
FCFM 1.28%
ROA(3y)2.42%
ROA(5y)1.76%
ROE(3y)6.18%
ROE(5y)4.44%
ROIC(3y)8.88%
ROIC(5y)7.27%
ROICexc(3y)10.81%
ROICexc(5y)9.01%
ROICexgc(3y)11.33%
ROICexgc(5y)9.43%
ROCE(3y)14.18%
ROCE(5y)11.61%
ROICexcg growth 3Y-6.04%
ROICexcg growth 5Y-0.26%
ROICexc growth 3Y-5.82%
ROICexc growth 5Y-0.02%
OM growth 3Y-6.64%
OM growth 5Y-1.9%
PM growth 3Y-33.8%
PM growth 5Y-12.92%
GM growth 3Y0.79%
GM growth 5Y1.58%
F-Score5
Asset Turnover1.19
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 14.56
Debt/EBITDA 1.14
Cap/Depr 112.54%
Cap/Sales 6.11%
Interest Coverage 5.05
Cash Conversion 62.73%
Profit Quality 580.16%
Current Ratio 1.43
Quick Ratio 0.79
Altman-Z 2.57
F-Score5
WACC6.56%
ROIC/WACC1.08
Cap/Depr(3y)111.61%
Cap/Depr(5y)96.43%
Cap/Sales(3y)5.55%
Cap/Sales(5y)5.18%
Profit Quality(3y)456.18%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-83.58%
EPS 3Y-27.17%
EPS 5Y-8.7%
EPS Q2Q%-45.45%
EPS Next Y1.87%
EPS Next 2Y25.19%
EPS Next 3Y20.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.81%
Revenue growth 3Y10.48%
Revenue growth 5Y5.14%
Sales Q2Q%-1.32%
Revenue Next Year0.18%
Revenue Next 2Y0.07%
Revenue Next 3Y1.6%
Revenue Next 5Y2.21%
EBIT growth 1Y-3.39%
EBIT growth 3Y3.14%
EBIT growth 5Y3.14%
EBIT Next Year87.52%
EBIT Next 3Y29.47%
EBIT Next 5Y24.16%
FCF growth 1Y-29.63%
FCF growth 3Y3.06%
FCF growth 5Y16.24%
OCF growth 1Y23.91%
OCF growth 3Y12.28%
OCF growth 5Y6.27%