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(DGE.PA) Stock Fundamental Analysis

Europe - EPA:DGE - GB0002374006 - Common Stock

40 EUR
-0.6 (-1.48%)
Last: 5/25/2023, 7:00:00 PM
Fundamental Rating

6

Overall DGE gets a fundamental rating of 6 out of 10. We evaluated DGE against 29 industry peers in the Beverages industry. While DGE belongs to the best of the industry regarding profitability, there are concerns on its financial health. DGE has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

DGE had positive earnings in the past year.
In the past year DGE had a positive cash flow from operations.
Each year in the past 5 years DGE has been profitable.
Each year in the past 5 years DGE had a positive operating cash flow.
DGE.PA Yearly Net Income VS EBIT VS OCF VS FCFDGE.PA 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 1B 2B 3B 4B

1.2 Ratios

DGE has a better Return On Assets (9.24%) than 86.36% of its industry peers.
With an excellent Return On Equity value of 43.97%, DGE belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
DGE has a Return On Invested Capital of 13.42%. This is amongst the best in the industry. DGE outperforms 86.36% of its industry peers.
DGE had an Average Return On Invested Capital over the past 3 years of 11.45%. This is above the industry average of 8.16%.
The 3 year average ROIC (11.45%) for DGE is below the current ROIC(13.42%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 9.24%
ROE 43.97%
ROIC 13.42%
ROA(3y)7.15%
ROA(5y)8.34%
ROE(3y)33.68%
ROE(5y)33.84%
ROIC(3y)11.45%
ROIC(5y)11.8%
DGE.PA Yearly ROA, ROE, ROICDGE.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 10 20 30 40

1.3 Margins

DGE has a Profit Margin of 21.16%. This is amongst the best in the industry. DGE outperforms 90.91% of its industry peers.
In the last couple of years the Profit Margin of DGE has remained more or less at the same level.
DGE has a Operating Margin of 30.64%. This is amongst the best in the industry. DGE outperforms 95.45% of its industry peers.
In the last couple of years the Operating Margin of DGE has remained more or less at the same level.
DGE has a better Gross Margin (60.73%) than 81.82% of its industry peers.
DGE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 30.64%
PM (TTM) 21.16%
GM 60.73%
OM growth 3Y-0.99%
OM growth 5Y0.77%
PM growth 3Y-5.04%
PM growth 5Y-0.98%
GM growth 3Y-0.45%
GM growth 5Y0.06%
DGE.PA Yearly Profit, Operating, Gross MarginsDGE.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 20 40 60

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3

2. Health

2.1 Basic Checks

DGE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, DGE has less shares outstanding
The debt/assets ratio for DGE has been reduced compared to a year ago.
DGE.PA Yearly Shares OutstandingDGE.PA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B 2.5B
DGE.PA Yearly Total Debt VS Total AssetsDGE.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 10B 20B 30B

2.2 Solvency

Based on the Altman-Z score of 1.75, we must say that DGE is in the distress zone and has some risk of bankruptcy.
DGE has a Altman-Z score of 1.75. This is comparable to the rest of the industry: DGE outperforms 45.45% of its industry peers.
DGE has a debt to FCF ratio of 8.64. This is a slightly negative value and a sign of low solvency as DGE would need 8.64 years to pay back of all of its debts.
The Debt to FCF ratio of DGE (8.64) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.88 is on the high side and indicates that DGE has dependencies on debt financing.
The Debt to Equity ratio of DGE (1.88) is worse than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF 8.64
Altman-Z 1.75
ROIC/WACC2.43
WACC5.52%
DGE.PA Yearly LT Debt VS Equity VS FCFDGE.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B

2.3 Liquidity

DGE has a Current Ratio of 1.57. This is a normal value and indicates that DGE is financially healthy and should not expect problems in meeting its short term obligations.
DGE has a Current ratio (1.57) which is comparable to the rest of the industry.
A Quick Ratio of 0.78 indicates that DGE may have some problems paying its short term obligations.
DGE has a better Quick ratio (0.78) than 63.64% of its industry peers.
Industry RankSector Rank
Current Ratio 1.57
Quick Ratio 0.78
DGE.PA Yearly Current Assets VS Current LiabilitesDGE.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B 10B

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6

3. Growth

3.1 Past

DGE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.72%, which is quite impressive.
DGE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.98% yearly.
Looking at the last year, DGE shows a very strong growth in Revenue. The Revenue has grown by 22.43%.
Measured over the past years, DGE shows a small growth in Revenue. The Revenue has been growing by 5.10% on average per year.
EPS 1Y (TTM)23.72%
EPS 3Y5.13%
EPS 5Y6.98%
EPS Q2Q%15.11%
Revenue 1Y (TTM)22.43%
Revenue growth 3Y6.29%
Revenue growth 5Y5.1%
Sales Q2Q%18.39%

3.2 Future

Based on estimates for the next years, DGE will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.68% on average per year.
DGE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.09% yearly.
EPS Next Y12.32%
EPS Next 2Y10.05%
EPS Next 3Y10.16%
EPS Next 5Y8.68%
Revenue Next Year16.09%
Revenue Next 2Y10.03%
Revenue Next 3Y9.07%
Revenue Next 5Y7.09%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
DGE.PA Yearly Revenue VS EstimatesDGE.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
DGE.PA Yearly EPS VS EstimatesDGE.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 20.94 indicates a rather expensive valuation of DGE.
DGE's Price/Earnings ratio is in line with the industry average.
DGE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.31.
Based on the Price/Forward Earnings ratio of 18.74, the valuation of DGE can be described as rather expensive.
DGE's Price/Forward Earnings is on the same level as the industry average.
DGE's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.85.
Industry RankSector Rank
PE 20.94
Fwd PE 18.74
DGE.PA Price Earnings VS Forward Price EarningsDGE.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, DGE is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
77.27% of the companies in the same industry are more expensive than DGE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.48
EV/EBITDA 5.49
DGE.PA Per share dataDGE.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

DGE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DGE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.7
PEG (5Y)3
EPS Next 2Y10.05%
EPS Next 3Y10.16%

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5

5. Dividend

5.1 Amount

DGE has a Yearly Dividend Yield of 2.32%. Purely for dividend investing, there may be better candidates out there.
DGE's Dividend Yield is a higher than the industry average which is at 2.83.
DGE's Dividend Yield is comparable with the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 2.32%

5.2 History

The dividend of DGE has a limited annual growth rate of 4.35%.
Dividend Growth(5Y)4.35%
Div Incr Years0
Div Non Decr Years0
DGE.PA Yearly Dividends per shareDGE.PA Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

DGE pays out 48.70% of its income as dividend. This is a bit on the high side, but may be sustainable.
DGE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.7%
EPS Next 2Y10.05%
EPS Next 3Y10.16%
DGE.PA Yearly Income VS Free CF VS DividendDGE.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B
DGE.PA Dividend Payout.DGE.PA Dividend Payout, showing the Payout Ratio.DGE.PA Dividend Payout.PayoutRetained Earnings

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EPA:DGE (5/25/2023, 7:00:00 PM)

40

-0.6 (-1.48%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap22.50B
Analysts74.71
Price Target46.2 (15.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.32%
Yearly Dividend0.74
Dividend Growth(5Y)4.35%
DP48.7%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.64%
Min EPS beat(2)-3.64%
Max EPS beat(2)-3.64%
EPS beat(4)1
Avg EPS beat(4)6.67%
Min EPS beat(4)-3.64%
Max EPS beat(4)16.97%
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)0
Avg Revenue beat(2)-1.53%
Min Revenue beat(2)-1.53%
Max Revenue beat(2)-1.53%
Revenue beat(4)1
Avg Revenue beat(4)2.06%
Min Revenue beat(4)-1.53%
Max Revenue beat(4)5.65%
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)0.97%
PT rev (3m)-0.73%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-4.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
Industry RankSector Rank
PE 20.94
Fwd PE 18.74
P/S 1.14
P/FCF 9.48
P/OCF 6.06
P/B 2.38
P/tB N/A
EV/EBITDA 5.49
EPS(TTM)1.91
EY4.78%
EPS(NY)2.13
Fwd EY5.33%
FCF(TTM)4.22
FCFY10.55%
OCF(TTM)6.6
OCFY16.49%
SpS34.99
BVpS16.84
TBVpS-8.26
PEG (NY)1.7
PEG (5Y)3
Profitability
Industry RankSector Rank
ROA 9.24%
ROE 43.97%
ROCE N/A
ROIC 13.42%
ROICexc 15.05%
ROICexgc 28.1%
OM 30.64%
PM (TTM) 21.16%
GM 60.73%
FCFM N/A
ROA(3y)7.15%
ROA(5y)8.34%
ROE(3y)33.68%
ROE(5y)33.84%
ROIC(3y)11.45%
ROIC(5y)11.8%
ROICexc(3y)12.82%
ROICexc(5y)12.83%
ROICexgc(3y)24.45%
ROICexgc(5y)25.78%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-0.91%
ROICexcg growth 5Y-3.51%
ROICexc growth 3Y2.96%
ROICexc growth 5Y1.93%
OM growth 3Y-0.99%
OM growth 5Y0.77%
PM growth 3Y-5.04%
PM growth 5Y-0.98%
GM growth 3Y-0.45%
GM growth 5Y0.06%
F-Score6
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 1.88
Debt/FCF 8.64
Debt/EBITDA 2.9
Cap/Depr 129.94%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 56.97%
Current Ratio 1.57
Quick Ratio 0.78
Altman-Z 1.75
F-Score6
WACC5.52%
ROIC/WACC2.43
Cap/Depr(3y)103.53%
Cap/Depr(5y)121.69%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)105.39%
Profit Quality(5y)96.09%
High Growth Momentum
Growth
EPS 1Y (TTM)23.72%
EPS 3Y5.13%
EPS 5Y6.98%
EPS Q2Q%15.11%
EPS Next Y12.32%
EPS Next 2Y10.05%
EPS Next 3Y10.16%
EPS Next 5Y8.68%
Revenue 1Y (TTM)22.43%
Revenue growth 3Y6.29%
Revenue growth 5Y5.1%
Sales Q2Q%18.39%
Revenue Next Year16.09%
Revenue Next 2Y10.03%
Revenue Next 3Y9.07%
Revenue Next 5Y7.09%
EBIT growth 1Y22.42%
EBIT growth 3Y5.24%
EBIT growth 5Y5.9%
EBIT Next Year29.45%
EBIT Next 3Y14.16%
EBIT Next 5Y9.31%
FCF growth 1Y-15.39%
FCF growth 3Y3.27%
FCF growth 5Y1.66%
OCF growth 1Y5.25%
OCF growth 3Y6.6%
OCF growth 5Y4.67%