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Dialight

BST:3HQ
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3HQ
BST
£69M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Dialight plc, together with its subsidiaries, primarily develops, manufactures, and supplies LED lighting solutions for use in hazardous and industrial applications in North America, EMEA, and internationally. The last earnings update was 17 days ago. More info.


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  • Dialight has significant price volatility in the past 3 months.
3HQ Share Price and Events
7 Day Returns
1.9%
BST:3HQ
0.4%
DE Electrical
-2.7%
DE Market
1 Year Returns
-56.2%
BST:3HQ
-11.6%
DE Electrical
-20.4%
DE Market
3HQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dialight (3HQ) 1.9% -13% -14.4% -56.2% -80.3% -
DE Electrical 0.4% -24.3% -37.1% -11.6% -42.1% -43%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • 3HQ underperformed the Electrical industry which returned -11.6% over the past year.
  • 3HQ underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
3HQ
Industry
5yr Volatility vs Market

3HQ Value

 Is Dialight undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dialight to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dialight.

BST:3HQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:3HQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.115 (1 + (1- 19%) (42.65%))
1.335
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.335 * 6.07%)
7.72%

Discounted Cash Flow Calculation for BST:3HQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dialight is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:3HQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.72%)
2020 9.50 Analyst x1 8.82
2021 10.10 Analyst x1 8.70
2022 10.70 Analyst x1 8.56
2023 11.09 Est @ 3.6% 8.23
2024 11.35 Est @ 2.4% 7.83
2025 11.53 Est @ 1.57% 7.38
2026 11.64 Est @ 0.98% 6.92
2027 11.71 Est @ 0.57% 6.46
2028 11.74 Est @ 0.28% 6.01
2029 11.75 Est @ 0.08% 5.59
Present value of next 10 years cash flows £74.00
BST:3HQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £11.75 × (1 + -0.39%) ÷ (7.72% – -0.39%)
£144.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £144.39 ÷ (1 + 7.72%)10
£68.66
BST:3HQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £74.00 + £68.66
£142.66
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £142.66 / 32.56
£4.38
BST:3HQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:3HQ represents 1.04266x of LSE:DIA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04266x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 4.38 x 1.04266
€4.57
Value per share (EUR) From above. €4.57
Current discount Discount to share price of €2.20
= -1 x (€2.20 - €4.57) / €4.57
51.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dialight is available for.
Intrinsic value
>50%
Share price is €2.2 vs Future cash flow value of €4.57
Current Discount Checks
For Dialight to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dialight's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dialight's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dialight's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dialight's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:3HQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £-0.49
LSE:DIA Share Price ** LSE (2020-04-02) in GBP £2.11
Germany Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.09x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dialight.

BST:3HQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:DIA Share Price ÷ EPS (both in GBP)

= 2.11 ÷ -0.49

-4.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dialight is loss making, we can't compare its value to the DE Electrical industry average.
  • Dialight is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Dialight's expected growth come at a high price?
Raw Data
BST:3HQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
76.8%per year
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 0.68x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dialight, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dialight's assets?
Raw Data
BST:3HQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £2.07
LSE:DIA Share Price * LSE (2020-04-02) in GBP £2.11
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.8x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
BST:3HQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:DIA Share Price ÷ Book Value per Share (both in GBP)

= 2.11 ÷ 2.07

1.02x

* Primary Listing of Dialight.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dialight is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Dialight's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Dialight has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3HQ Future Performance

 How is Dialight expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
76.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dialight expected to grow at an attractive rate?
  • Dialight's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Dialight's earnings growth is expected to exceed the Germany market average.
  • Dialight's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:3HQ Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:3HQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 76.8%
BST:3HQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.8%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:3HQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:3HQ Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 188 22 13 1
2021-12-31 181 20 12 2
2020-12-31 163 17 7 1
2020-04-02
BST:3HQ Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 151 2 -16
2019-09-30 161 -3 -7
2019-06-30 168 -8 2
2019-03-31 169 -9 3
2018-12-31 170 -9 5
2018-09-30 167 -5 3
2018-06-30 166 -1 1
2018-03-31 174 4 1
2017-12-31 181 9 1
2017-09-30 188 9 3
2017-06-30 195 9 4
2017-03-31 189 12 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dialight's earnings are expected to grow significantly at over 20% yearly.
  • Dialight's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:3HQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Dialight Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:3HQ Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.40 0.40 0.40 1.00
2021-12-31 0.36 0.36 0.36 1.00
2020-12-31 0.22 0.22 0.22 1.00
2020-04-02
BST:3HQ Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 -0.49
2019-09-30 -0.22
2019-06-30 0.05
2019-03-31 0.11
2018-12-31 0.16
2018-09-30 0.09
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.04
2017-09-30 0.08
2017-06-30 0.13
2017-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Dialight is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dialight's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dialight has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3HQ Past Performance

  How has Dialight performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dialight's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dialight does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Dialight's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dialight's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Dialight's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dialight Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:3HQ Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 151.00 -16.10 51.50
2019-09-30 160.70 -7.15 52.40
2019-06-30 168.00 1.70 52.50
2019-03-31 168.80 3.45 52.40
2018-12-31 169.60 5.20 52.30
2018-09-30 166.60 3.00 51.80
2018-06-30 166.00 0.90 52.10
2018-03-31 173.50 1.10 54.65
2017-12-31 181.00 1.30 57.20
2017-09-30 188.05 2.75 59.45
2017-06-30 195.10 4.20 61.70
2017-03-31 188.65 0.70 59.15
2016-12-31 182.20 -2.80 56.60
2016-09-30 171.40 -4.75 53.00
2016-06-30 160.60 -6.70 49.40
2016-03-31 161.00 -4.35 49.80
2015-12-31 161.40 -2.00 50.20
2015-09-30 165.45 2.05 51.85
2015-06-30 169.50 6.10 53.50
2015-03-31 164.65 7.80 48.00
2014-12-31 159.80 9.50 42.50
2014-09-30 151.00 8.60 35.75
2014-06-30 142.20 7.70 29.00
2014-03-31 136.70 7.75 28.05
2013-12-31 131.20 7.80 27.10
2013-06-30 121.90 11.40 24.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Dialight has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dialight has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Dialight improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Dialight's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dialight has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3HQ Health

 How is Dialight's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dialight's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dialight is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dialight's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dialight's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dialight Company Filings, last reported 3 months ago.

BST:3HQ Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 67.80 17.00 0.50
2019-09-30 67.80 17.00 0.50
2019-06-30 82.10 13.00 2.00
2019-03-31 82.10 13.00 2.00
2018-12-31 85.10 5.10 2.20
2018-09-30 85.10 5.10 2.20
2018-06-30 79.90 0.00 7.30
2018-03-31 79.90 0.00 7.30
2017-12-31 76.10 0.00 12.80
2017-09-30 76.10 0.00 12.80
2017-06-30 78.90 0.00 12.70
2017-03-31 78.90 0.00 12.70
2016-12-31 77.10 0.00 8.00
2016-09-30 77.10 0.00 8.00
2016-06-30 69.30 0.00 7.20
2016-03-31 69.30 0.00 7.20
2015-12-31 70.10 9.30 5.50
2015-09-30 70.10 9.30 5.50
2015-06-30 68.20 13.20 5.20
2015-03-31 68.20 13.20 5.20
2014-12-31 72.80 7.30 7.90
2014-09-30 72.80 7.30 7.90
2014-06-30 65.70 7.60 10.40
2014-03-31 65.70 7.60 10.40
2013-12-31 66.70 1.70 8.80
2013-06-30 65.10 0.00 11.20
  • Dialight's level of debt (25.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.1% vs 25.1% today).
  • Debt is not well covered by operating cash flow (11.2%, less than 20% of total debt).
  • Dialight is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Dialight's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dialight has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3HQ Dividends

 What is Dialight's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dialight dividends. Estimated to be 1.42% next year.
If you bought €2,000 of Dialight shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dialight's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dialight's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:3HQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:3HQ Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.10 1.00
2021-12-31 0.03 2.00
2020-12-31 0.00 2.00
2020-04-02
BST:3HQ Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2016-08-02 0.000 0.000
2016-07-15 0.000 0.000
2016-03-23 0.000 0.000
2016-03-08 0.000 0.000
2015-07-27 0.000 0.000
2015-03-12 0.150 2.307
2014-03-20 0.144 1.729
2014-02-24 0.144 1.674
2013-07-22 0.144 1.475
2013-02-25 0.135 1.092
2012-02-27 0.100 0.948
2011-03-09 0.080 1.072
2011-02-14 0.080 1.230
2010-03-22 0.066 1.813
2010-03-03 0.066 2.610

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dialight has not reported any payouts.
  • Unable to verify if Dialight's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dialight's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dialight has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Dialight's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dialight afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dialight has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3HQ Management

 What is the CEO of Dialight's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fariyal Khanbabi
COMPENSATION £328,000
AGE 51
TENURE AS CEO 0.7 years
CEO Bio

Ms. Fariyal Khanbabi serves as Group Chief Executive Officer at Dialight plc since March 05, 2020. She served as an Interim CEO at Dialight plc since August 09, 2019 until March 05, 2020 and served as its Chief Financial Officer. Ms. Khanbabi served as the Deputy Chief Executive Officer of Dialight PLC since July 2, 2019 until August 09, 2019. Ms. Khanbabi served as Group Finance Director at Dialight PLC since September 29, 2014. Ms. Khanbabi is the Group Finance Director at Dialight Corporation since September 29, 2014. She served as Secretary of Dialight PLC. Ms. Khanbabi served as the Chief Financial Officer of Britannia Bulk Holdings Inc. since August 2006. Ms. Khanbabi has 18 years of experience in finance and accounting. Ms. Khanbabi served as the European Operations Director and Vice President of international finance for the marketing agency MIVA.COM since August 2003; prior thereto, she was Finance Director for East Ltd., a retail chain, from April 2001 to July 2003; and group finance director for KB Maritime Services Ltd., an international shipping group, from 1996 to March 2001. She has been a Director of Dialight PLC since September 8, 2014. She is a Director of Dialight Corporation. She has been a Director of Britannia Bulk Holdings Inc. since August 2006. Ms. Khanbabi is a member of the Institute of Chartered Accountants of England and Wales.

CEO Compensation
  • Fariyal's compensation has increased whilst company is loss making.
  • Fariyal's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Dialight management team in years:

2.9
Average Tenure
  • The tenure for the Dialight management team is about average.
Management Team

Fariyal Khanbabi

TITLE
Group CEO & Director
COMPENSATION
£328K
AGE
51
TENURE
0.7 yrs

Ronan Sheehy

TITLE
Interim Chief Financial Officer

Kathy Sohrabi

TITLE
Director of Technology
TENURE
2.9 yrs

Richard Allan

TITLE
General Counsel & Company Secretary
AGE
54

Michael Schratz

TITLE
Vice President of Marketing & Product Management
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Dialight board of directors in years:

4
Average Tenure
59
Average Age
  • The tenure for the Dialight board of directors is about average.
Board of Directors

David Blood

TITLE
Chairman
COMPENSATION
£42K
AGE
60
TENURE
1.3 yrs

Fariyal Khanbabi

TITLE
Group CEO & Director
COMPENSATION
£328K
AGE
51
TENURE
5.6 yrs

David Thomas

TITLE
Non-Executive Director
COMPENSATION
£47K
AGE
64
TENURE
4 yrs

Gaelle Hotellier

TITLE
Non-Executive Director
COMPENSATION
£60K
TENURE
3.5 yrs

Steve Bird

TITLE
Senior Indenendent Director
COMPENSATION
£49K
AGE
58
TENURE
7.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Dialight's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dialight has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3HQ News

Simply Wall St News

3HQ Company Info

Description

Dialight plc, together with its subsidiaries, primarily develops, manufactures, and supplies LED lighting solutions for use in hazardous and industrial applications in North America, EMEA, and internationally. The company operates in two segments, Lighting; and Signals and Components. It offers high and low bays, and high outputs; conveyor, flood, and street lights; various linear products; and area lights, wallpacks/bulkheads, and related battery backup products. The company also provides telecom and broadcast towers, and wind lighting solutions; lighting products for chimneys; and control systems. In addition, it develops, manufactures, and supplies signals and components, such as architectural optics, traffic and intersection products, and rail and vehicle signals; circuit board indicators; and panel mount products comprising LED panel mount indicators, LED replacement bulbs, lenses, lamp holders, switches, datalamp series, and neon and press-to-test indicators, as well as military designated products. The company serves heavy industry, oil and gas, mining, chemical and pharmaceutical, power generation, food and beverage, traffic management, and vehicle manufacturing sectors; and electronic original equipment manufacturers. Dialight plc was founded in 1938 and is headquartered in London, the United Kingdom.

Details
Name: Dialight plc
3HQ
Exchange: BST
Founded: 1938
£77,883,382
32,558,858
Website: http://www.dialight.com
Address: Dialight plc
Leaf C,
Tower 42,
London,
Greater London, EC2N 1HQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE DIA Ordinary Shares London Stock Exchange GB GBP 02. Dec 1993
OTCPK DIAL.F Ordinary Shares Pink Sheets LLC US USD 02. Dec 1993
BST 3HQ Ordinary Shares Boerse-Stuttgart DE EUR 02. Dec 1993
BATS-CHIXE DIAL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Dec 1993
Number of employees
Current staff
Staff numbers
1,332
Dialight employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 22:37
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/03/16
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.