DGL GROUP LIMITED (DGL)
Share Price Analysis and Chart

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DGL - DGL GROUP LIMITED

FNArena Sector : Commercial Services & Supplies

Year End: June

GICS Industry Group : No Sector

Debt/EBITDA: 2.83

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.565 25 Jul 2024	-0.025 OPEN $0.58	-4.24% HIGH $0.58	47,127 LOW $0.57

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.565

25 Jul
2024

-0.025

OPEN

$0.58

-4.24%

HIGH

$0.58

47,127

LOW

$0.57

TARGET

$0.683

20.9% upside

OTHER COMPANIES IN THE SAME SECTOR
AIM . ANN . ASB . CUP . KPG . QHL . RDX . SRV .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY22 Actual	FY23 Actual	FY24 Forecast	FY25 Forecast
EPS (cps)	xxx	6.8	6.2	xxx
DPS (cps)	xxx	N/A	0.0	xxx
EPS Growth	xxx	- 34.1%	- 8.7%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	9.3	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2024 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023
EPS Basic	xxx	xxx	xxx	6.8
DPS All	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	466.0 M
Book Value Per Share	xxx	xxx	xxx	117.1
Net Operating Cash Flow	xxx	xxx	xxx	59.3 M
Net Profit Margin	xxx	xxx	xxx	4.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023
Return on Capital Employed	xxx	xxx	xxx	6.02 %
Return on Invested Capital	xxx	xxx	xxx	4.32 %
Return on Assets	xxx	xxx	xxx	3.57 %
Return on Equity	xxx	xxx	xxx	6.02 %
Return on Total Capital	xxx	xxx	xxx	8.46 %
Free Cash Flow ex dividends	xxx	xxx	xxx	34.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2020	2021	2022	2023
Short-Term Debt	xxx	xxx	xxx	21 M
Long Term Debt	xxx	xxx	xxx	154 M
Total Debt	xxx	xxx	xxx	174 M
Goodwill - Gross	xxx	xxx	xxx	140 M
Cash & Equivalents - Generic	xxx	xxx	xxx	37 M
Price To Book Value	xxx	xxx	xxx	0.73

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023
Capex	xxx	xxx	xxx	25.8 M
Capex % of Sales	xxx	xxx	xxx	5.53 %
Cost of Goods Sold	xxx	xxx	xxx	392 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	35 M
Research & Development	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

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No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Bell Potter	xx/xx/xxxx	3	xxxxxxxxx xx xxxx xxxx xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Morgans	22/05/2024	3	Downgrade to Hold from Add	$0.65	15.04%	Morgans lowers its FY24 EBITDA forecast for DGL Group to be in line with the previous corresponding period, as per management guidance, which also results in an incremental reduction to earnings estimates in subsequent years. These earnings reductions lead to a new target of 65c, down from 77c, and the broker downgrades its rating to Hold from Add. Separately, management announced the -$2.35m acquisition of Enlog Pacific, a hazardous goods storage and distribution business. FORECAST Morgans forecasts a full year FY24 dividend of 0.00 cents and EPS of 6.90 cents. Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 7.70 cents.
UBS	xx/xx/xxxx	3	xxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Bell Potter

xx/xx/xxxx

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

22/05/2024

Downgrade to Hold from Add

$0.65

15.04%

Morgans lowers its FY24 EBITDA forecast for DGL Group to be in line with the previous corresponding period, as per management guidance, which also results in an incremental reduction to earnings estimates in subsequent years.

These earnings reductions lead to a new target of 65c, down from 77c, and the broker downgrades its rating to Hold from Add.

Separately, management announced the -$2.35m acquisition of Enlog Pacific, a hazardous goods storage and distribution business.

FORECAST
Morgans forecasts a full year FY24 dividend of 0.00 cents and EPS of 6.90 cents.
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 7.70 cents.

UBS

xx/xx/xxxx

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Canaccord Genuity	12/03/2024	3	Downgrade to Hold from Speculative Buy	$0.60	6.19%	Canaccord Genuity materially lowers its target for DGL Group to 60c from $1.70 and downgrades its rating to Hold from Speculative Buy after 1H results fell well short of expectations. Apart from lower earnings forecasts, the analyst's valuation multiple is reduced given volatility for the overall business. The broker is disappointed by management's FY24 guidance for a year-on-year earnings decline; last year's AGM in November mentioned earnings growth. Revenue for the half was -25% down on the consensus forecast, while underlying earnings (EBITDA) of $30.3m compared to the forecast for $33m. All segments, apart from Logistics, missed forecasts, notes the broker. Demand for crop protection products were negatively impacted by forecast drought, which has not materialised. Management sees a positive demand outlook for chemicals, while warehousing demand is robust and fleet utilisation remains strong. FORECAST Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.80 cents. Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 7.40 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Canaccord Genuity

12/03/2024

Downgrade to Hold from Speculative Buy

$0.60

6.19%

Canaccord Genuity materially lowers its target for DGL Group to 60c from $1.70 and downgrades its rating to Hold from Speculative Buy after 1H results fell well short of expectations.

Apart from lower earnings forecasts, the analyst's valuation multiple is reduced given volatility for the overall business.

The broker is disappointed by management's FY24 guidance for a year-on-year earnings decline; last year's AGM in November mentioned earnings growth.

Revenue for the half was -25% down on the consensus forecast, while underlying earnings (EBITDA) of $30.3m compared to the forecast for $33m.

All segments, apart from Logistics, missed forecasts, notes the broker. Demand for crop protection products were negatively impacted by forecast drought, which has not materialised.

Management sees a positive demand outlook for chemicals, while warehousing demand is robust and fleet utilisation remains strong.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.80 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 7.40 cents.

Access Stockbroker Research History >

DGL STOCK CHART

FNArena News on DGL

1	Weekly Ratings, Targets, Forecast Changes – 24-05-24 May 27 2024 - Weekly Reports

2	In Case You Missed It – BC Extra Upgrades & Downgrades – 15-03-24 Mar 15 2024 - Weekly Reports

3	Australian Broker Call Extra Edition – Mar 12, 2024 Mar 12 2024 - Daily Market Reports

4	FNArena Corporate Results Monitor – 28-02-2024 Feb 28 2024 - Australia

5	Rudi’s View: Corporate Travel, Hansen, IPH, NextDC & Macquarie Technology Feb 08 2024 - Rudi's View

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Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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DGL GROUP LIMITED (DGL)
Share Price Analysis and Chart