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DECEUNINCK NV (DECB.BR) Stock Fundamental Analysis

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

2.185  -0.03 (-1.35%)

Fundamental Rating

4

DECB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 19 industry peers in the Building Products industry. DECB has only an average score on both its financial health and profitability. DECB is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

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.
DECB had positive earnings in 4 of the past 5 years.
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

DECB's Return On Assets of 0.26% is in line compared to the rest of the industry. DECB outperforms 47.37% of its industry peers.
Looking at the Return On Equity, with a value of 0.58%, DECB is in line with its industry, outperforming 47.37% of the companies in the same industry.
DECB has a better Return On Invested Capital (7.07%) than 63.16% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DECB is above the industry average of 6.14%.
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

With a Profit Margin value of 0.22%, DECB perfoms like the industry average, outperforming 47.37% of the companies in the same industry.
DECB's Profit Margin has declined in the last couple of years.
DECB has a Operating Margin (6.35%) which is in line with its industry peers.
In the last couple of years the Operating Margin of DECB has declined.
The Gross Margin of DECB (33.09%) is comparable to the rest of the 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

4

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.
The number of shares outstanding for DECB has been increased compared to 5 years ago.
The debt/assets ratio for DECB has been reduced compared to a year ago.
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

An Altman-Z score of 2.57 indicates that DECB is not a great score, but indicates only limited risk for bankruptcy at the moment.
DECB's Altman-Z score of 2.57 is fine compared to the rest of the industry. DECB outperforms 73.68% of its industry peers.
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.
DECB has a Debt to FCF ratio (14.56) which is in line with its industry peers.
A Debt/Equity ratio of 0.35 indicates that DECB is not too dependend on debt financing.
The Debt to Equity ratio of DECB (0.35) is better than 78.95% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 14.56
Altman-Z 2.57
ROIC/WACC1.04
WACC6.78%
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.
DECB has a Current ratio (1.43) which is comparable to the rest of the industry.
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.
With a Quick ratio value of 0.79, DECB is not doing good in the industry: 63.16% of the companies in the same industry are doing better.
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.
DECB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.70% yearly.
The Revenue has decreased by -3.81% in the past year.
Measured over the past years, DECB shows a small growth in Revenue. The Revenue has been growing by 5.14% on average per year.
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

DECB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.67% yearly.
The Revenue is expected to grow by 2.21% on average over the next years.
EPS Next Y13.43%
EPS Next 2Y8.93%
EPS Next 3Y11.25%
EPS Next 5Y10.67%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 109.25, which means the current valuation is very expensive for DECB.
DECB's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.64, DECB is valued quite expensively.
With a Price/Forward Earnings ratio of 8.08, the valuation of DECB can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DECB indicates a rather cheap valuation: DECB is cheaper than 84.21% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of DECB to the average of the S&P500 Index (21.44), we can say DECB is valued rather cheaply.
Industry RankSector Rank
PE 109.25
Fwd PE 8.08
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

78.95% of the companies in the same industry are more expensive than DECB, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as DECB.
Industry RankSector Rank
P/FCF 27.46
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 DECB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)8.13
PEG (5Y)N/A
EPS Next 2Y8.93%
EPS Next 3Y11.25%

3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.60%, DECB has a reasonable but not impressive dividend return.
DECB's Dividend Yield is a higher than the industry average which is at 2.46.
DECB's Dividend Yield is comparable with the S&P500 average which is at 2.52.
Industry RankSector Rank
Dividend Yield 2.6%

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 2025 0.02 0.04 0.06

5.3 Sustainability

647.05% of the earnings are spent on dividend by DECB. This is not a sustainable payout ratio.
DECB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP647.05%
EPS Next 2Y8.93%
EPS Next 3Y11.25%
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 (4/24/2025, 4:16:11 PM)

2.185

-0.03 (-1.35%)

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 Cap302.73M
Analysts84
Price Target3.52 (61.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.6%
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)0%
PT rev (3m)-5.48%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)11.35%
EPS NY rev (3m)11.35%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 109.25
Fwd PE 8.08
P/S 0.35
P/FCF 27.46
P/OCF 4.76
P/B 0.93
P/tB 0.97
EV/EBITDA 4.44
EPS(TTM)0.02
EY0.92%
EPS(NY)0.27
Fwd EY12.37%
FCF(TTM)0.08
FCFY3.64%
OCF(TTM)0.46
OCFY21%
SpS6.21
BVpS2.36
TBVpS2.25
PEG (NY)8.13
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
WACC6.78%
ROIC/WACC1.04
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 Y13.43%
EPS Next 2Y8.93%
EPS Next 3Y11.25%
EPS Next 5Y10.67%
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 Year90.96%
EBIT Next 3Y25.96%
EBIT Next 5Y20%
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%