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Dorel Industries

DB:DO4B
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DO4B
DB
CA$164M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Dorel Industries has significant price volatility in the past 3 months.
DO4B Share Price and Events
7 Day Returns
4.8%
DB:DO4B
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-72.8%
DB:DO4B
2.9%
DE Consumer Durables
8.8%
DE Market
DO4B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dorel Industries (DO4B) 4.8% 7.4% -43.5% -72.8% -86.4% -86.7%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • DO4B underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • DO4B underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
DO4B
Industry
5yr Volatility vs Market
Related Companies

DO4B Value

 Is Dorel Industries 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 Dorel Industries 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 Dorel Industries.

DB:DO4B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:DO4B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 26.5%) (552.75%))
3.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:DO4B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dorel Industries 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.

DB:DO4B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2020 62.70 Analyst x1 55.91
2021 65.00 Analyst x1 51.68
2022 66.55 Est @ 2.39% 47.18
2023 67.71 Est @ 1.74% 42.81
2024 68.58 Est @ 1.29% 38.66
2025 69.25 Est @ 0.97% 34.81
2026 69.77 Est @ 0.75% 31.27
2027 70.18 Est @ 0.59% 28.05
2028 70.52 Est @ 0.48% 25.13
2029 70.80 Est @ 0.41% 22.50
Present value of next 10 years cash flows $377.00
DB:DO4B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $70.80 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$595.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $595.34 ÷ (1 + 12.15%)10
$189.17
DB:DO4B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $377.00 + $189.17
$566.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $566.17 / 32.46
$17.44
DB:DO4B Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:DII.B)
1.325
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $17.44 x 1.325
CA$23.11
Non-primary Listing Adjustment Factor 1 share in DB:DO4B represents 0.70565x of TSX:DII.B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.70565x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 23.11 x 0.70565
€16.31
Value per share (EUR) From above. €16.31
Current discount Discount to share price of €3.50
= -1 x (€3.50 - €16.31) / €16.31
78.5%

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

Current Discount
Amount off the current price Dorel Industries is available for.
Intrinsic value
>50%
Share price is €3.5 vs Future cash flow value of €16.31
Current Discount Checks
For Dorel Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dorel Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dorel Industries'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 Dorel Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dorel Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DO4B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-13.99
TSX:DII.B Share Price ** TSX (2019-11-14) in CAD CA$4.96
TSX:DII.B Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.755 $3.74
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of Dorel Industries.

DB:DO4B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:DII.B Share Price ÷ EPS (both in USD)

= 3.74 ÷ -13.99

-0.27x

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

  • Dorel Industries is loss making, we can't compare its value to the DE Consumer Durables industry average.
  • Dorel Industries is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Dorel Industries's expected growth come at a high price?
Raw Data
DB:DO4B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
173.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*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 Dorel Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dorel Industries's assets?
Raw Data
DB:DO4B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $16.17
TSX:DII.B Share Price * TSX (2019-11-14) in CAD CA$4.96
TSX:DII.B Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.755 $3.74
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:DO4B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:DII.B Share Price ÷ Book Value per Share (both in USD)

= 3.74 ÷ 16.17

0.23x

* Primary Listing of Dorel Industries.

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

  • Dorel Industries is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Dorel Industries'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Dorel Industries 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.

DO4B Future Performance

 How is Dorel Industries expected to perform in the next 1 to 3 years based on estimates from 3 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
173.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dorel Industries expected to grow at an attractive rate?
  • Dorel Industries's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Dorel Industries's earnings growth is expected to exceed the Germany market average.
  • Dorel Industries's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DO4B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DO4B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 173.9%
DB:DO4B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
DB:DO4B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DO4B Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,791 95 2
2020-12-31 2,706 93 23 3
2019-12-31 2,676 44 -8 3
2019-11-14
DB:DO4B Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 2,665 87 -454
2019-06-30 2,650 69 -440
2019-03-31 2,603 98 -457
2018-12-30 2,620 110 -444
2018-09-30 2,613 93 -7
2018-06-30 2,585 93 -3
2018-03-31 2,573 76 23
2017-12-30 2,578 57 27
2017-09-30 2,549 112 28
2017-06-30 2,578 134 31
2017-03-31 2,604 160 -20
2016-12-30 2,603 172 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dorel Industries's earnings are expected to grow significantly at over 20% yearly.
  • Dorel Industries's revenue is expected to grow by 2% 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
DB:DO4B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Dorel Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DO4B Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.72 0.72 0.72 1.00
2019-12-31 -0.23 -0.23 -0.23 1.00
2019-11-14
DB:DO4B Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -13.99
2019-06-30 -13.56
2019-03-31 -14.10
2018-12-30 -13.70
2018-09-30 -0.20
2018-06-30 -0.09
2018-03-31 0.72
2017-12-30 0.85
2017-09-30 0.86
2017-06-30 0.94
2017-03-31 -0.60
2016-12-30 -0.36

*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.
  • Unable to establish if Dorel Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dorel Industries'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.
Dorel Industries has a total score of 3/6, 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.

DO4B Past Performance

  How has Dorel Industries 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 Dorel Industries's growth in the last year to its industry (Consumer Durables).
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.
  • Dorel Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Dorel Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dorel Industries's 1-year growth to the DE Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Dorel Industries'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 Dorel Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DO4B Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,664.76 -453.71 426.45 39.30
2019-06-30 2,649.53 -439.78 425.33 38.91
2019-03-31 2,602.79 -457.35 426.37 37.97
2018-12-30 2,619.51 -444.34 450.24 37.82
2018-09-30 2,613.02 -6.58 460.49 35.38
2018-06-30 2,585.22 -2.88 470.19 34.41
2018-03-31 2,573.24 23.33 479.56 32.97
2017-12-30 2,577.67 27.44 461.50 31.07
2017-09-30 2,549.37 28.01 465.17 37.49
2017-06-30 2,578.00 30.58 468.44 37.21
2017-03-31 2,604.03 -19.50 474.45 38.35
2016-12-30 2,603.19 -11.61 475.25 39.09
2016-09-30 2,623.37 0.57 463.53 35.18
2016-06-30 2,631.39 -24.05 447.89 36.36
2016-03-31 2,663.74 30.81 439.91 37.35
2015-12-30 2,683.36 25.70 444.36 37.60
2015-09-30 2,715.42 -61.66 448.31 38.90
2015-06-30 2,709.15 -33.42 450.59 38.25
2015-03-31 2,695.34 -34.44 453.95 35.87
2014-12-30 2,677.55 -21.27 446.47 36.11
2014-09-30 2,610.09 70.50 433.76 34.88
2014-06-30 2,544.36 62.13 430.79 33.70
2014-03-31 2,488.98 60.15 423.36 34.45
2013-12-30 2,435.45 57.67 425.91 32.91
2013-09-30 2,424.52 75.76 418.68 30.14
2013-06-30 2,430.52 84.65 419.18 30.05
2013-03-31 2,463.78 101.77 412.33 28.94
2012-12-30 2,490.71 108.51 407.15 28.72

*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 Dorel Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dorel Industries has efficiently used its assets last year compared to the DE Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Dorel Industries 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 Dorel Industries'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 Consumer Durables 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.
Dorel Industries 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.

DO4B Health

 How is Dorel Industries'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 Dorel Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dorel Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dorel Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dorel Industries'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 2.4x 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 Dorel Industries Company Filings, last reported 1 month ago.

DB:DO4B Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 524.80 492.82 31.06
2019-06-30 548.00 513.38 21.98
2019-03-31 549.68 503.77 28.43
2018-12-30 581.10 493.19 39.41
2018-09-30 1,031.82 486.15 30.85
2018-06-30 1,041.11 513.53 49.12
2018-03-31 1,097.21 530.58 34.86
2017-12-30 1,092.15 508.16 37.39
2017-09-30 1,102.20 486.68 34.33
2017-06-30 1,080.78 492.65 38.32
2017-03-31 1,063.69 495.56 35.21
2016-12-30 1,056.10 456.20 31.95
2016-09-30 1,087.75 517.82 39.91
2016-06-30 1,079.38 559.69 43.15
2016-03-31 1,133.86 590.01 38.54
2015-12-30 1,102.40 553.79 33.36
2015-09-30 1,113.66 602.25 37.88
2015-06-30 1,166.22 685.07 51.15
2015-03-31 1,147.73 672.73 54.49
2014-12-30 1,206.98 580.49 47.10
2014-09-30 1,338.73 465.66 42.24
2014-06-30 1,375.89 518.22 41.64
2014-03-31 1,369.18 499.00 42.06
2013-12-30 1,346.76 429.69 40.13
2013-09-30 1,339.75 440.30 37.00
2013-06-30 1,315.34 354.53 52.42
2013-03-31 1,314.74 380.03 37.52
2012-12-30 1,308.11 344.18 38.31
  • Dorel Industries's level of debt (93.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.9% vs 93.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Dorel Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Dorel Industries has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 54.3% per year.
X
Financial health checks
We assess Dorel Industries'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. Dorel Industries has a total score of 4/6, 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.

DO4B Dividends

 What is Dorel Industries'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 Dorel Industries dividends.
If you bought €2,000 of Dorel Industries 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 Dorel Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dorel Industries'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
DB:DO4B 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 3 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:DO4B Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-14
DB:DO4B Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-08 0.000 0.000
2019-08-02 0.600 11.507
2019-05-10 0.600 7.607
2019-03-14 0.600 6.742
2018-11-02 1.200 9.260
2018-08-03 1.200 6.617
2018-03-01 1.200 6.104
2017-11-02 1.200 4.942
2017-08-04 1.200 4.904
2017-05-05 1.200 4.636
2017-03-03 1.200 4.975
2016-08-04 1.200 4.300
2016-05-06 1.200 4.439
2016-02-29 1.200 5.529
2015-11-05 1.200 5.632
2015-05-07 1.200 4.636
2015-02-27 1.200 4.154
2014-11-06 1.200 3.658
2014-08-11 1.200 3.818
2014-05-08 1.200 3.292
2014-02-21 1.200 3.474
2013-11-07 1.200 3.350
2013-08-09 1.200 3.360
2013-05-09 1.200 3.239
2013-02-15 1.200 3.015
2012-11-08 1.200 3.198
2012-08-09 1.200 3.510
2012-05-11 0.600 2.251
2012-02-16 0.600 2.143
2011-11-03 0.600 2.463
2011-08-09 0.600 2.595
2011-05-18 0.600 2.106
2011-02-17 0.600 1.884
2010-11-04 0.600 1.780
2010-08-05 0.600 1.800
2010-05-06 0.600 1.765
2010-02-11 0.500 1.536
2009-11-05 0.500 1.624
2009-08-12 0.500 1.826
2009-05-13 0.500 2.282
2009-02-06 0.500 3.018

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

  • Unable to perform a dividend volatility check as Dorel Industries has not reported any payouts.
  • Unable to verify if Dorel Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dorel Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dorel Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dorel Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Dorel Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dorel Industries has a total score of 0/6, see the detailed checks below.


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

DO4B Management

 What is the CEO of Dorel Industries'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
Martin Schwartz
COMPENSATION $2,404,767
AGE 70
TENURE AS CEO 27.8 years
CEO Bio

Mr. Martin Schwartz has been the Chief Executive Officer and President of Dorel Industries Inc, since 1992 and served as its Executive Vice President. Mr. Schwartz is the Co-founder of Ridgewood Industries Ltd., which subsequently went public in 1987 and was merged with Dorel Industries Inc. and several other associated companies to create Dorel Industries Inc. He has been a Director of Dorel Industries Inc. since 1987.

CEO Compensation
  • Martin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Martin's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Dorel Industries management team in years:

16.8
Average Tenure
67.5
Average Age
  • The average tenure for the Dorel Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Martin Schwartz

TITLE
President
COMPENSATION
$2M
AGE
70
TENURE
27.8 yrs

Jeffrey Schwartz

TITLE
Executive VP
COMPENSATION
$2M
AGE
56
TENURE
16.8 yrs

Alan Schwartz

TITLE
Executive VP of Operations & Director
COMPENSATION
$2M
AGE
67
TENURE
16.8 yrs

Jeff Segel

TITLE
Executive VP of Sales & Marketing and Director
COMPENSATION
$2M
AGE
68
TENURE
16.8 yrs

Frank Rana

TITLE
Senior VP of Finance & Assistant Secretary
COMPENSATION
$1M
TENURE
3.4 yrs

Leo Schwartz

TITLE
TENURE
57.8 yrs

Ed Wyse

TITLE
Senior Vice-President of Global Procurement
TENURE
3.4 yrs

Ian Farthing

TITLE
Chief Financial Officer of Juvenile Segment

Norman Braunstein

TITLE
Group President & CEO of Dorel Home
TENURE
11.8 yrs

Rafael Camarano

TITLE
President of Dorel Juvenile Brazil
Board of Directors Tenure

Average tenure and age of the Dorel Industries board of directors in years:

15.8
Average Tenure
69
Average Age
  • The average tenure for the Dorel Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jeffrey Schwartz

TITLE
Executive VP
COMPENSATION
$2M
AGE
56
TENURE
32.8 yrs

Alan Schwartz

TITLE
Executive VP of Operations & Director
COMPENSATION
$2M
AGE
67
TENURE
32.8 yrs

Jeff Segel

TITLE
Executive VP of Sales & Marketing and Director
COMPENSATION
$2M
AGE
68
TENURE
32.8 yrs

Maurice Tousson

TITLE
Lead Director
COMPENSATION
$210K
AGE
70

Martin Schwartz

TITLE
President
COMPENSATION
$2M
AGE
70
TENURE
32.8 yrs

Alain Benedetti

TITLE
Independent Director
COMPENSATION
$185K
AGE
70
TENURE
15.5 yrs

Dian Cohen

TITLE
Independent Director
COMPENSATION
$170K
AGE
86
TENURE
15.8 yrs

Norman Steinberg

TITLE
Independent Director
COMPENSATION
$80K
AGE
68
TENURE
1.3 yrs

Sharon Ranson

TITLE
Independent Director
TENURE
0.4 yrs

Brad Johnson

TITLE
Independent Director
TENURE
0.4 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 (€)
14. May 19 Buy Frank Rana Individual 14. May 19 14. May 19 5,000 €7.11 €35,570
26. Mar 19 Buy Jeffrey Schwartz Individual 26. Mar 19 26. Mar 19 5,000 €7.92 €39,605
26. Mar 19 Buy Martin Schwartz Individual 26. Mar 19 26. Mar 19 5,000 €7.95 €39,727
20. Mar 19 Buy Frank Rana Individual 20. Mar 19 20. Mar 19 4,109 €8.23 €33,797
19. Mar 19 Buy Frank Rana Individual 19. Mar 19 19. Mar 19 900 €8.21 €7,390
19. Mar 19 Buy Jeffrey Schwartz Individual 18. Mar 19 18. Mar 19 15,000 €8.24 €123,556
19. Mar 19 Buy Jeff Segel Individual 18. Mar 19 18. Mar 19 10,000 €8.31 €83,077
19. Mar 19 Buy Martin Schwartz Individual 18. Mar 19 18. Mar 19 15,000 €8.23 €123,483
21. Dec 18 Buy Jeffrey Schwartz Individual 21. Dec 18 21. Dec 18 10,000 €9.86 €98,574
21. Dec 18 Buy Jeff Segel Individual 21. Dec 18 21. Dec 18 10,000 €9.76 €97,605
10. Dec 18 Buy Jeffrey Schwartz Individual 10. Dec 18 10. Dec 18 5,000 €11.00 €55,012
20. Nov 18 Buy Jeffrey Schwartz Individual 19. Nov 18 19. Nov 18 4,000 €12.52 €50,080
15. Nov 18 Buy Jeff Segel Individual 15. Nov 18 15. Nov 18 5,600 €12.91 €72,301
19. Nov 18 Buy Jeff Segel Individual 16. Nov 18 19. Nov 18 5,000 €12.59 €62,900
X
Management checks
We assess Dorel Industries'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. Dorel Industries 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.

DO4B News

Simply Wall St News

DO4B Company Info

Description

Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company’s Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children’s furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products. This segment markets its products under the Ameriwood, Altra, System Build, Ridgewood, DHP, Dorel Fine Furniture, Dorel Living, Signature Sleep, Cosmo Living, Novagratz, Little Seeds, Baby Relax, Cosco Home & Office, and Alphason. This Dorel Juvenile segment offers designs, manufactures, sources, distributes, and retails children’s accessories, such as infant car seats, strollers, high chairs, and infant health and safety aids primarily under the Maxi-Cosi, Quinny, Tiny Love, Safety 1st, Bébé Confort, Cosco, Mother’s Choice, Disney, and Infanti brands. The company’s Dorel Sports segment designs, manufactures, sources, and distributes recreational and leisure products and accessories, including bicycles, children’s electric ride-ons, jogging strollers, electric bikes and bicycle trailers, scooters, and other recreational products. This segment markets its products primarily under the Cannondale, Mongoose, Schwinn, Charge, KidTrax, Fabric, Guru, Caloi, IronHorse, and GT brands. The company sells its products to mass merchant discount chains, department stores, club format outlets, and hardware/home centers; Internet retailers; independent boutiques and juvenile specialty stores; and sporting goods chains. It also owns and operates 100 retail stores in Chile and Peru, as well as various factory outlet retail locations in Europe and Australia. The company was formerly known as Dorel Co. Ltd. and changed its name to Dorel Industries Inc. in May 1987. Dorel Industries Inc. was founded in 1962 and is headquartered in Westmount, Canada.

Details
Name: Dorel Industries Inc.
DO4B
Exchange: DB
Founded: 1962
CA$112,314,229
32,459,712
Website: http://www.dorel.com
Address: Dorel Industries Inc.
1255 Greene Avenue,
Suite 300,
Westmount,
Quebec, H3Z 2A4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DII.B Class B Subordinated Shares The Toronto Stock Exchange CA CAD 01. Oct 1991
OTCPK DIIB.F Class B Subordinated Shares Pink Sheets LLC US USD 01. Oct 1991
DB DO4B Class B Subordinated Shares Deutsche Boerse AG DE EUR 01. Oct 1991
TSX DII.A Class A Multiple Voting Shares The Toronto Stock Exchange CA CAD 01. Oct 1991
Number of employees
Current staff
Staff numbers
9,200
Dorel Industries employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:42
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/30


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.