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DECEUNINCK NV (DECB.BR) Stock Fundamental Analysis

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

2.125  +0.02 (+0.71%)

Fundamental Rating

5

Taking everything into account, DECB scores 5 out of 10 in our fundamental rating. DECB was compared to 20 industry peers in the Building Products industry. Both the profitability and the financial health of DECB get a neutral evaluation. Nothing too spectacular is happening here. DECB has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

DECB had positive earnings in the past year.
DECB had a positive operating cash flow in the past year.
In the past 5 years DECB has always been profitable.
DECB had a positive operating cash flow in each of the past 5 years.
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

The Return On Assets of DECB (1.92%) is comparable to the rest of the industry.
With a Return On Equity value of 4.11%, DECB perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.33%, DECB is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
DECB had an Average Return On Invested Capital over the past 3 years of 7.86%. This is in line with the industry average of 9.15%.
The 3 year average ROIC (7.86%) for DECB is below the current ROIC(8.33%), indicating increased profibility in the last year.
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 (1.68%) which is in line with its industry peers.
DECB's Profit Margin has declined in the last couple of years.
DECB has a Operating Margin (7.61%) which is in line with its industry peers.
DECB's Operating Margin has improved in the last couple of years.
DECB has a worse Gross Margin (32.08%) than 60.00% of 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

5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DECB is still creating some value.
DECB has less shares outstanding than it did 1 year ago.
DECB has more shares outstanding than it did 5 years ago.
DECB has a better debt/assets ratio than last year.
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 2.59 indicates that DECB is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of DECB (2.59) is comparable to the rest of the industry.
DECB has a debt to FCF ratio of 3.54. This is a good value and a sign of high solvency as DECB would need 3.54 years to pay back of all of its debts.
DECB has a better Debt to FCF ratio (3.54) than 80.00% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that DECB is not too dependend on debt financing.
The Debt to Equity ratio of DECB (0.30) is better than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.54
Altman-Z 2.59
ROIC/WACC1.11
WACC7.48%
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

A Current Ratio of 1.47 indicates that DECB should not have too much problems paying its short term obligations.
DECB's Current ratio of 1.47 is in line compared to the rest of the industry. DECB outperforms 55.00% of its industry peers.
A Quick Ratio of 0.97 indicates that DECB may have some problems paying its short term obligations.
DECB has a Quick ratio of 0.97. This is comparable to the rest of the industry: DECB outperforms 60.00% 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.
Measured over the past years, DECB shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -27.17% on average per year.
The Revenue has decreased by -4.52% in the past year.
The Revenue has been growing slightly by 5.47% on average over the past years.
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

Based on estimates for the next years, DECB will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.76% on average per year.
DECB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.58% yearly.
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

DECB is valuated rather expensively with a Price/Earnings ratio of 21.25.
Based on the Price/Earnings ratio, DECB is valued a bit cheaper than 65.00% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.45, DECB is valued a bit cheaper.
A Price/Forward Earnings ratio of 7.86 indicates a rather cheap valuation of DECB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DECB indicates a rather cheap valuation: DECB is cheaper than 90.00% of the companies listed in the same industry.
DECB is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.25
Fwd PE 7.86
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

DECB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DECB is cheaper than 100.00% of the companies in the same industry.
DECB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DECB is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.74
EV/EBITDA 3.45
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)4.61
PEG (5Y)N/A
EPS Next 2Y10.17%
EPS Next 3Y9.76%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.69%, DECB has a reasonable but not impressive dividend return.
DECB's Dividend Yield is a higher than the industry average which is at 4.16.
DECB's Dividend Yield is comparable with the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 2.69%

5.2 History

The dividend of DECB is nicely growing with an annual growth rate of 20.83%!
Dividend Growth(5Y)20.83%
Div Incr Years3
Div Non Decr Years4
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 (7/3/2025, 7:00:00 PM)

2.125

+0.02 (+0.71%)

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 Owners6.53%
Inst Owner ChangeN/A
Ins Owners42.61%
Ins Owner ChangeN/A
Market Cap294.42M
Analysts84
Price Target3.52 (65.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.69%
Yearly Dividend0.08
Dividend Growth(5Y)20.83%
DP79.68%
Div Incr Years3
Div Non Decr Years4
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)0%
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%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 21.25
Fwd PE 7.86
P/S 0.36
P/FCF 8.74
P/OCF 4.08
P/B 0.87
P/tB 0.91
EV/EBITDA 3.45
EPS(TTM)0.1
EY4.71%
EPS(NY)0.27
Fwd EY12.72%
FCF(TTM)0.24
FCFY11.44%
OCF(TTM)0.52
OCFY24.5%
SpS5.97
BVpS2.44
TBVpS2.33
PEG (NY)4.61
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 2.59
F-Score6
WACC7.48%
ROIC/WACC1.11
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 Year60.06%
EBIT Next 3Y21.12%
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%