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Donnelley Financial Solutions

DB:1DN
Snowflake Description

Very undervalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1DN
DB
$362M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Donnelley Financial Solutions, Inc. operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The last earnings update was 38 days ago. More info.


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1DN Share Price and Events
7 Day Returns
2.8%
DB:1DN
1.9%
DE Capital Markets
1%
DE Market
1 Year Returns
-33.3%
DB:1DN
8.1%
DE Capital Markets
14.2%
DE Market
1DN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Donnelley Financial Solutions (1DN) 2.8% -7.9% -13.4% -33.3% -52.2% -
DE Capital Markets 1.9% -0.2% -4.5% 8.1% -21.9% -35.6%
DE Market 1% 0% 6% 14.2% 8.7% 17.5%
1 Year Return vs Industry and Market
  • 1DN underperformed the Capital Markets industry which returned 8.1% over the past year.
  • 1DN underperformed the Market in Germany which returned 14.2% over the past year.

1DN Value

 Is Donnelley Financial Solutions 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 Donnelley Financial Solutions 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 Donnelley Financial Solutions.

DB:1DN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $10.71 * 29.3%
$3.14
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $10.71
Discount Rate (Cost of Equity) See below 7.1%
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 DB:1DN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (124.41%))
1.369
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.369 * 5.44%)
7.06%

Discounted Cash Flow Calculation for DB:1DN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Donnelley Financial Solutions is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1DN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (29.3% – 7.06%) * $10.71)
$2.38
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.38 / (7.06% - -0.39%)
$32.01
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.71 + $32.01
$42.73
DB:1DN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1DN represents 0.87324x of NYSE:DFIN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87324x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 42.73 x 0.87324
€37.31
Value per share (EUR) From above. €37.31
Current discount Discount to share price of €9.30
= -1 x (€9.30 - €37.31) / €37.31
75.1%

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

Current Discount
Amount off the current price Donnelley Financial Solutions is available for.
Intrinsic value
>50%
Share price is €9.3 vs Future cash flow value of €37.31
Current Discount Checks
For Donnelley Financial Solutions to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Donnelley Financial Solutions's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Donnelley Financial Solutions'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 Donnelley Financial Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Donnelley Financial Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1DN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.87
NYSE:DFIN Share Price ** NYSE (2019-12-13) in USD $10.65
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 25.85x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.75x

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

** Primary Listing of Donnelley Financial Solutions.

DB:1DN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DFIN Share Price ÷ EPS (both in USD)

= 10.65 ÷ 0.87

12.24x

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

  • Donnelley Financial Solutions is good value based on earnings compared to the DE Capital Markets industry average.
  • Donnelley Financial Solutions is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Donnelley Financial Solutions's expected growth come at a high price?
Raw Data
DB:1DN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.2%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 2.54x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:1DN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.24x ÷ 16.2%

0.76x

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

  • Donnelley Financial Solutions is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Donnelley Financial Solutions's assets?
Raw Data
DB:1DN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $7.76
NYSE:DFIN Share Price * NYSE (2019-12-13) in USD $10.65
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 2.01x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.89x
DB:1DN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DFIN Share Price ÷ Book Value per Share (both in USD)

= 10.65 ÷ 7.76

1.37x

* Primary Listing of Donnelley Financial Solutions.

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

  • Donnelley Financial Solutions is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Donnelley Financial Solutions'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Donnelley Financial Solutions has a total score of 6/6, 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.

1DN Future Performance

 How is Donnelley Financial Solutions expected to perform in the next 1 to 3 years based on estimates from 5 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
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Donnelley Financial Solutions expected to grow at an attractive rate?
  • Donnelley Financial Solutions's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Donnelley Financial Solutions's earnings growth is expected to exceed the Germany market average.
  • Donnelley Financial Solutions's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1DN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1DN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.2%
DB:1DN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40.7%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:1DN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1DN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 874 78 39 3
2020-12-31 889 77 38 5
2019-12-31 878 69 29 5
2019-12-13
DB:1DN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 885 52 30
2019-06-30 906 51 63
2019-03-31 937 52 65
2018-12-31 963 66 74
2018-09-30 988 68 51
2018-06-30 993 81 8
2018-03-31 993 76 8
2017-12-31 1,005 91 10
2017-09-30 1,001 83 33
2017-06-30 1,003 100 38
2017-03-31 1,011 112 55
2016-12-31 984 106 59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Donnelley Financial Solutions's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • Donnelley Financial Solutions's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:1DN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Donnelley Financial Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1DN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.30 1.30 1.30 2.00
2020-12-31 1.18 1.42 0.90 4.00
2019-12-31 0.95 1.00 0.91 4.00
2019-12-13
DB:1DN Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.87
2019-06-30 1.85
2019-03-31 1.90
2018-12-31 2.18
2018-09-30 1.51
2018-06-30 0.24
2018-03-31 0.24
2017-12-31 0.29
2017-09-30 0.99
2017-06-30 1.15
2017-03-31 1.68
2016-12-31 1.81

*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.
  • Donnelley Financial Solutions is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Donnelley Financial Solutions'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.
Donnelley Financial Solutions has a total score of 2/6, 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.

1DN Past Performance

  How has Donnelley Financial Solutions 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 Donnelley Financial Solutions's growth in the last year to its industry (Capital Markets).
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.
  • Donnelley Financial Solutions's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Donnelley Financial Solutions's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Donnelley Financial Solutions's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Donnelley Financial Solutions'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 Donnelley Financial Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1DN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 884.70 29.60 213.30
2019-06-30 905.70 62.90 225.80
2019-03-31 937.40 64.50 234.00
2018-12-31 963.00 73.60 237.30
2018-09-30 987.50 50.90 239.10
2018-06-30 993.20 8.20 230.70
2018-03-31 992.80 8.10 222.00
2017-12-31 1,004.90 9.70 219.50
2017-09-30 1,001.10 32.60 209.50
2017-06-30 1,002.90 37.50 208.30
2017-03-31 1,010.70 55.00 210.70
2016-12-31 983.50 59.10 205.90
2016-09-30 1,001.10 83.10 204.80
2016-06-30 1,008.30 89.70 203.80
2016-03-31 1,019.20 93.90 200.20
2015-12-31 1,049.50 104.30 199.20
2014-12-31 1,080.10 57.40 290.50
2013-12-31 1,085.40 96.30 189.70

*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.
  • Donnelley Financial Solutions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Donnelley Financial Solutions used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Donnelley Financial Solutions's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Donnelley Financial Solutions'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 Capital Markets 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.
Donnelley Financial Solutions has a total score of 1/6, 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.

1DN Health

 How is Donnelley Financial Solutions'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 Donnelley Financial Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Donnelley Financial Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Donnelley Financial Solutions's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Donnelley Financial Solutions'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x 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 Donnelley Financial Solutions Company Filings, last reported 2 months ago.

DB:1DN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 266.10 364.10 32.10
2019-06-30 249.10 419.10 9.50
2019-03-31 227.50 411.70 10.50
2018-12-31 226.00 362.70 47.30
2018-09-30 231.70 397.20 56.20
2018-06-30 180.80 486.30 11.80
2018-03-31 161.60 478.80 12.10
2017-12-31 149.40 458.30 52.00
2017-09-30 173.60 488.40 32.20
2017-06-30 166.60 525.90 8.10
2017-03-31 124.50 607.50 12.30
2016-12-31 111.10 587.00 36.20
2016-09-30 88.60 636.50 53.00
2016-06-30 748.10 29.60 33.90
2016-03-31 683.60 45.20 15.00
2015-12-31 623.50 38.00 15.10
2014-12-31 351.50 76.90 28.60
2013-12-31
  • Donnelley Financial Solutions's level of debt (136.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if Donnelley Financial Solutions's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (14.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Donnelley Financial Solutions'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. Donnelley Financial Solutions has a total score of 1/6, 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.

1DN Dividends

 What is Donnelley Financial Solutions'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 Donnelley Financial Solutions dividends. Estimated to be 0% next year.
If you bought €2,000 of Donnelley Financial Solutions 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 Donnelley Financial Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Donnelley Financial Solutions'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:1DN 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 5 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:1DN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-12-13

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

  • Unable to perform a dividend volatility check as Donnelley Financial Solutions has not reported any payouts.
  • Unable to verify if Donnelley Financial Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Donnelley Financial Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Donnelley Financial Solutions has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Donnelley Financial Solutions's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Donnelley Financial Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Donnelley Financial Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Donnelley Financial Solutions 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.

1DN Management

 What is the CEO of Donnelley Financial Solutions'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
Dan Leib
COMPENSATION $4,482,723
AGE 53
TENURE AS CEO 3.2 years
CEO Bio

Mr. Daniel N. Leib, also known as Dan, has been Chief Executive Officer, President and Director of Donnelley Financial Solutions, Inc. since October 1, 2016. Mr. Leib served as the Chief Financial Officer and Executive Vice President of R.R. Donnelley & Sons Company since May 4, 2011 until September 30, 2016. Mr. Leib served as Group Chief Financial Officer and Senior Vice President of Mergers & Acquisitions at R.R. Donnelley & Sons Company since August 2009. Mr. Leib served as Senior Vice President of Finance of R.R. Donnelley & Sons Company and served as its Treasurer from June 2008 to February 2010. He served as RR Donnelley’s Senior Vice President, Treasurer, Mergers and Acquisitions and Investor Relations since July 2007. He served as Vice President of Investor Relations of R.R. Donnelley & Sons Company since May 2004. He was responsible for development and execution of RR Donnelley & Sons Co.'s investor relations strategy and program. He served as Vice President of Business Planning & Analysis of Interpublic Group of Companies. Previously, he served in financial roles of increasing responsibility at Interpublic and its predecessor companies as well as at Sears, Roebuck and Company and The Dun & Bradstreet Corporation. He is Trustee of William Blair Mutual Funds. Mr. Leib holds an MBA from New York University and a Bachelor of Science in Finance with high honors from the University of Illinois, Champaign-Urbana.

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

Average tenure and age of the Donnelley Financial Solutions management team in years:

3.2
Average Tenure
51
Average Age
  • The tenure for the Donnelley Financial Solutions management team is about average.
Management Team

Dan Leib

TITLE
President
COMPENSATION
$4M
AGE
53
TENURE
3.2 yrs

David Gardella

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
49
TENURE
3.2 yrs

Tom Juhase

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
59
TENURE
3.2 yrs

Kami Turner

TITLE
Senior VP
COMPENSATION
$649K
AGE
44
TENURE
3.2 yrs

Jennifer Reiners

TITLE
Chief Compliance Officer
COMPENSATION
$1M
AGE
53
TENURE
3.2 yrs

Justin Ritchie

TITLE
Senior Vice President of Investor Relations

Angela Williams

TITLE
Chief Marketing Officer

Kirk Williams

TITLE
Chief Human Resources Officer
AGE
43

Peggy Cohen

TITLE
Senior Vice President of Global Capital Markets

Jons Besch

TITLE
Executive Vice President of Global Operations & Strategic Sourcing
Board of Directors Tenure

Average tenure and age of the Donnelley Financial Solutions board of directors in years:

3.2
Average Tenure
58.5
Average Age
  • The tenure for the Donnelley Financial Solutions board of directors is about average.
Board of Directors

Rick Crandall

TITLE
Independent Chairman
COMPENSATION
$306K
AGE
75
TENURE
3.2 yrs

Dan Leib

TITLE
President
COMPENSATION
$4M
AGE
53
TENURE
3.2 yrs

Luis Aguilar

TITLE
Independent Director
COMPENSATION
$215K
AGE
65
TENURE
3.2 yrs

Gary Greenfield

TITLE
Independent Director
COMPENSATION
$225K
AGE
64
TENURE
3.2 yrs

Lois Martin

TITLE
Independent Director
COMPENSATION
$220K
AGE
56
TENURE
3.2 yrs

Nanci Caldwell

TITLE
Independent Director
COMPENSATION
$200K
AGE
61
TENURE
3.2 yrs

Charles Drucker

TITLE
Independent Director
COMPENSATION
$200K
AGE
56
TENURE
3.2 yrs

Juliet Ellis

TITLE
Independent Director
COMPENSATION
$123K
TENURE
1.2 yrs

Jeff Jacobowitz

TITLE
Independent Director
AGE
49
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Donnelley Financial Solutions individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Dec 19 Buy Simcoe Capital Management, LLC Company 27. Nov 19 27. Nov 19 284,300 €9.03 €2,568,436
12. Nov 19 Buy Daniel Leib Individual 11. Nov 19 11. Nov 19 20,000 €8.92 €178,482
23. Aug 19 Buy Simcoe Capital Management, LLC Company 21. Aug 19 22. Aug 19 314,057 €10.33 €3,235,322
19. Feb 19 Buy Simcoe Capital Management, LLC Company 07. Jan 19 06. Feb 19 233,918 €13.80 €3,044,734
31. Dec 18 Buy Simcoe Capital Management, LLC Company 19. Dec 18 31. Dec 18 467,725 €12.69 €5,767,765
X
Management checks
We assess Donnelley Financial Solutions'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. Donnelley Financial Solutions 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.

1DN News

Simply Wall St News

1DN Company Info

Description

Donnelley Financial Solutions, Inc. operates as a risk and compliance solutions company in the United States, Europe, Asia, Canada, and Latin America. The Company provides regulatory filing and deal solutions through its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms to serve their regulatory and compliance needs. It offers technology-enabled filing solutions for corporate clients within its capital markets offerings that allow U.S. public companies to comply with applicable U.S. Securities and Exchange Commission regulations, including filing agent services, digital document creation, and online content management tools that support their corporate financial transactions and regulatory reporting; solutions to facilitate clients’ communications with their shareholders; and virtual data rooms and other deal management solutions. The company also provides technology-enabled filing solutions for alternative investment and insurance investment companies, including cloud-based tools for creating and filing high-quality regulatory documents, as well as solutions for investors designed to improve the speed and accuracy of their access to investment information. Donnelley Financial Solutions, Inc. was founded in 1983 and is headquartered in Chicago, Illinois.

Details
Name: Donnelley Financial Solutions, Inc.
1DN
Exchange: DB
Founded: 1983
$325,316,635
34,300,000
Website: http://www.dfinsolutions.com
Address: Donnelley Financial Solutions, Inc.
35 West Wacker Drive,
Chicago,
Illinois, 60601,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DFIN Common Stock New York Stock Exchange US USD 26. Sep 2016
DB 1DN Common Stock Deutsche Boerse AG DE EUR 26. Sep 2016
Number of employees
Current staff
Staff numbers
3,100
Donnelley Financial Solutions employees.
Industry
Financial Exchanges and Data
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/13 22:10
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/12/10
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.