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Dunelm Group

BATS-CHIXE:DNLML
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DNLML
BATS-CHIXE
£2B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Dunelm Group plc engages in the retail of homewares in the United Kingdom. The last earnings update was 56 days ago. More info.


Add to Portfolio Compare Print
  • Dunelm Group has significant price volatility in the past 3 months.
DNLML Share Price and Events
7 Day Returns
9.3%
BATS-CHIXE:DNLML
5.9%
GB Specialty Retail
1.7%
GB Market
1 Year Returns
-15.4%
BATS-CHIXE:DNLML
-28.1%
GB Specialty Retail
-21.8%
GB Market
DNLML Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dunelm Group (DNLML) 9.3% -24% -32.1% -15.4% 24.2% -14.4%
GB Specialty Retail 5.9% -24.4% -39.5% -28.1% -38.7% -44.3%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • DNLML outperformed the Specialty Retail industry which returned -28.1% over the past year.
  • DNLML outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
DNLML
Industry
5yr Volatility vs Market

Value

 Is Dunelm Group 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 Dunelm Group 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 Dunelm Group.

BATS-CHIXE:DNLML Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:DNLML
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 19%) (23.85%))
1.019
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.019 * 6.07%)
6.72%

Discounted Cash Flow Calculation for BATS-CHIXE:DNLML using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dunelm Group 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.

BATS-CHIXE:DNLML DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.72%)
2020 68.93 Analyst x4 64.59
2021 144.08 Analyst x4 126.51
2022 127.17 Analyst x3 104.63
2023 117.15 Est @ -7.87% 90.33
2024 110.88 Est @ -5.35% 80.11
2025 106.90 Est @ -3.59% 72.37
2026 104.39 Est @ -2.35% 66.22
2027 102.83 Est @ -1.49% 61.13
2028 101.93 Est @ -0.88% 56.78
2029 101.46 Est @ -0.46% 52.96
Present value of next 10 years cash flows £775.00
BATS-CHIXE:DNLML DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £101.46 × (1 + 0.53%) ÷ (6.72% – 0.53%)
£1,648.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,648.49 ÷ (1 + 6.72%)10
£860.48
BATS-CHIXE:DNLML Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £775.00 + £860.48
£1,635.48
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,635.48 / 202.26
£8.09
BATS-CHIXE:DNLML Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:DNLML represents 0.95478x of LSE:DNLM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95478x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 8.09 x 0.95478
£7.72
Value per share (GBP) From above. £7.72
Current discount Discount to share price of £7.50
= -1 x (£7.50 - £7.72) / £7.72
2.9%

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

Current Discount
Amount off the current price Dunelm Group is available for.
Intrinsic value
3%
Share price is £7.5 vs Future cash flow value of £7.72
Current Discount Checks
For Dunelm Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dunelm Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Dunelm Group's share price is below the future cash flow value, but not 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 Dunelm Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dunelm Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:DNLML PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in GBP £0.56
LSE:DNLM Share Price ** LSE (2020-04-07) in GBP £7.85
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 8.1x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Dunelm Group.

BATS-CHIXE:DNLML PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 7.85 ÷ 0.56

14.02x

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

  • Dunelm Group is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Dunelm Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Dunelm Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:DNLML PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
5.1%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 15 Publicly-Listed Specialty Retail Companies 0.8x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:DNLML PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.02x ÷ 5.1%

2.77x

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

  • Dunelm Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dunelm Group's assets?
Raw Data
BATS-CHIXE:DNLML PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in GBP £0.71
LSE:DNLM Share Price * LSE (2020-04-07) in GBP £7.85
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 36 Publicly-Listed Specialty Retail Companies 0.63x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:DNLML PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.85 ÷ 0.71

10.99x

* Primary Listing of Dunelm Group.

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

  • Dunelm Group is overvalued based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Dunelm Group'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Dunelm Group has a total score of 0/6, 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.

Future Performance

 How is Dunelm Group expected to perform in the next 1 to 3 years based on estimates from 8 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
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dunelm Group expected to grow at an attractive rate?
  • Dunelm Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Dunelm Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Dunelm Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:DNLML Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:DNLML Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 5.1%
BATS-CHIXE:DNLML Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 5.5%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:DNLML Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:DNLML Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 1,369 178 2
2023-06-30 1,299 167 2
2022-06-30 1,200 190 127 8
2021-06-30 1,145 199 121 8
2020-06-30 1,078 109 114 8
2020-04-08
BATS-CHIXE:DNLML Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-28 1,134 175 113
2019-09-28 1,117 175 107
2019-06-29 1,100 174 101
2019-03-29 1,078 160 93
2018-12-29 1,057 146 84
2018-09-29 1,053 122 79
2018-06-30 1,050 99 73
2018-03-31 1,045 92 74
2017-12-30 1,041 86 74
2017-09-30 998 83 74
2017-07-01 956 80 73
2017-04-01 924 92 80
2016-12-31 893 104 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dunelm Group's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • Dunelm Group's revenue is expected to grow by 5.5% 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
BATS-CHIXE:DNLML 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 8 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:DNLML Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.62 0.63 0.59 3.00
2021-06-30 0.59 0.60 0.58 3.00
2020-06-30 0.56 0.56 0.55 3.00
2020-04-08
BATS-CHIXE:DNLML Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-28 0.56
2019-09-28 0.53
2019-06-29 0.50
2019-03-29 0.46
2018-12-29 0.42
2018-09-29 0.39
2018-06-30 0.36
2018-03-31 0.36
2017-12-30 0.37
2017-09-30 0.36
2017-07-01 0.36
2017-04-01 0.40
2016-12-31 0.43

*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.
  • Dunelm Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Dunelm Group'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Dunelm Group 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.

Past Performance

  How has Dunelm Group 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 Dunelm Group's growth in the last year to its industry (Specialty Retail).
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.
  • Dunelm Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Dunelm Group's 1-year earnings growth exceeds its 5-year average (34.6% vs -0.9%)
  • Dunelm Group's earnings growth has exceeded the GB Specialty Retail industry average in the past year (34.6% vs 1.5%).
Earnings and Revenue History
Dunelm Group'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 Dunelm Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:DNLML Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 1,133.60 113.10 405.60
2019-09-28 1,117.00 107.20 410.25
2019-06-29 1,100.40 101.30 414.90
2019-03-29 1,078.45 92.70 410.25
2018-12-29 1,056.50 84.10 401.80
2018-09-29 1,053.30 78.70 400.35
2018-06-30 1,050.10 73.30 398.90
2018-03-31 1,045.30 73.60 396.25
2017-12-30 1,040.50 73.90 393.60
2017-09-30 998.05 73.50 374.75
2017-07-01 955.60 73.10 355.90
2017-04-01 924.45 80.05 339.80
2016-12-31 893.30 87.00 323.70
2016-09-30 887.10 94.65 316.45
2016-07-02 880.90 102.30 309.20
2016-04-02 879.21 102.19 305.86
2016-01-02 877.53 102.08 302.51
2015-10-02 856.66 99.09 295.61
2015-07-04 835.80 96.10 288.70
2015-04-04 807.99 95.77 276.50
2014-12-27 780.17 95.43 264.30
2014-09-27 755.16 92.25 254.31
2014-06-28 730.15 89.07 244.33
2014-03-28 711.80 86.35 238.15
2013-12-28 693.44 83.63 231.98
2013-09-28 685.32 82.54 227.55
2013-06-29 677.19 81.45 223.13

*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.
  • Dunelm Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Dunelm Group used its assets more efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • Dunelm Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dunelm Group'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 Specialty Retail 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.
Dunelm Group has a total score of 4/6, 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.

Health

 How is Dunelm Group'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 Dunelm Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dunelm Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Dunelm Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dunelm Group'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 2.5x 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 Dunelm Group Company Filings, last reported 3 months ago.

BATS-CHIXE:DNLML Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 144.30 67.70
2019-09-28 144.30 67.70
2019-06-29 185.80 44.30 19.00
2019-03-29 185.80 44.30 19.00
2018-12-29 154.70 94.10 21.20
2018-09-29 154.70 94.10 21.20
2018-06-30 134.70 139.00 15.00
2018-03-31 134.70 139.00 15.00
2017-12-30 114.10 149.60 15.30
2017-09-30 114.10 149.60 15.30
2017-07-01 110.10 139.50 17.40
2017-04-01 110.10 139.50 17.40
2016-12-31 101.00 131.80 20.50
2016-09-30 101.00 131.80 20.50
2016-07-02 99.60 94.20 14.90
2016-04-02 99.60 94.20 14.90
2016-01-02 135.54 69.01 39.59
2015-10-02 135.54 69.01 39.59
2015-07-04 105.10 89.80 16.20
2015-04-04 105.10 89.80 16.20
2014-12-27 216.25 0.00 40.51
2014-09-27 216.25 0.00 40.51
2014-06-28 189.74 0.00 21.74
2014-03-28 189.74 0.00 21.74
2013-12-28 164.42 0.00 26.42
2013-09-28 164.42 0.00 26.42
2013-06-29 197.69 0.00 44.74
  • Dunelm Group's level of debt (46.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.9% vs 46.9% today).
  • Debt is well covered by operating cash flow (258.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 39.9x coverage).
X
Financial health checks
We assess Dunelm Group'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. Dunelm Group has a total score of 2/6, 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.

Dividends

 What is Dunelm Group'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
3.57%
Current annual income from Dunelm Group dividends. Estimated to be 3.96% next year.
If you bought £2,000 of Dunelm Group shares you are expected to receive £71 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?
  • Dunelm Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Dunelm Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
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
BATS-CHIXE:DNLML 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 8 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:DNLML Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.29 7.00
2021-06-30 0.42 9.00
2020-06-30 0.17 6.00
2020-04-08
BATS-CHIXE:DNLML Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-10-09 0.280 2.961
2019-09-04 0.280 3.328
2018-10-09 0.265 3.545
2018-09-12 0.265 4.832
2016-10-19 0.251 3.861
2016-09-14 0.251 3.005
2015-10-16 0.215 2.364
2015-09-10 0.215 2.374
2014-09-11 0.200 2.273
2013-09-12 0.160 1.777
2013-02-12 0.145 1.642
2012-10-16 0.140 2.048
2012-09-13 0.140 2.113
2011-10-17 0.115 2.299
2011-09-15 0.115 2.475
2010-09-16 0.080 1.778
2009-09-15 0.060 1.623
2009-09-02 0.060 2.155

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Dunelm Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Dunelm Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Dunelm Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dunelm Group has a total score of 5/6, see the detailed checks below.


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

Management

 What is the CEO of Dunelm Group'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
Nick Wilkinson
COMPENSATION £1,365,000
TENURE AS CEO 2.2 years
CEO Bio

Mr. Nick Wilkinson has been Chief Executive of Dunelm Group plc since February 1, 2018 and serves as Director since February 2018 and has extensive retail experience across a number of consumer brands. He also serves as Trustee of Age UK. He was previously Chief Executive of Evans Cycles (2011-2016), the leading cycle specialist in the UK, during its ownership by Active PE and its sale to ECI Partners. Prior to this he was Chief Executive of Maxeda DIY (2007-2010), a Belgian and Dutch home improvement business. He received his initial retail training with 8 years at f Dixons Retail Group (1999-2006), where he was Group Buying Director and MD of Currys. His early career was at Unilever and McKinsey & Co. He holds a degree from Cambridge University.

CEO Compensation
  • Insufficient data for Nick to compare compensation growth.
  • Nick's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Dunelm Group management team in years:

1.8
Average Tenure
52
Average Age
  • The average tenure for the Dunelm Group management team is less than 2 years, this suggests a new team.
Management Team

Nick Wilkinson

TITLE
CEO & Executive Director
COMPENSATION
£1M
TENURE
2.2 yrs

Will Adderley

TITLE
Deputy Chairman
COMPENSATION
£21K
AGE
46

Laura Carr

TITLE
CFO & Executive Director
COMPENSATION
£974K
TENURE
1.4 yrs

Bill Adderley

TITLE
Founder & Life President
COMPENSATION
£3K
AGE
70

Chris Shaw

TITLE
Chief Information Officer

Leonie Foster

TITLE
Chief Customer & Digital Officer
TENURE
0.5 yrs

Dawn Durrant

TITLE
Company Secretary
AGE
52
TENURE
8.4 yrs
Board of Directors Tenure

Average tenure and age of the Dunelm Group board of directors in years:

4.3
Average Tenure
57
Average Age
  • The tenure for the Dunelm Group board of directors is about average.
Board of Directors

Andy Harrison

TITLE
Independent Chairman of the Board
COMPENSATION
£212K
AGE
62
TENURE
4.8 yrs

Nick Wilkinson

TITLE
CEO & Executive Director
COMPENSATION
£1M
TENURE
2.2 yrs

Will Adderley

TITLE
Deputy Chairman
COMPENSATION
£21K
AGE
46
TENURE
4.3 yrs

Laura Carr

TITLE
CFO & Executive Director
COMPENSATION
£974K
TENURE
1.4 yrs

William Reeve

TITLE
Independent Non-Executive Director
COMPENSATION
£61K
AGE
46
TENURE
4.8 yrs

Ian Bull

TITLE
Independent Non-Executive Director
AGE
58
TENURE
0.8 yrs

Marion Sears

TITLE
Non-Independent & Non-Executive Director
COMPENSATION
£51K
AGE
56
TENURE
15.8 yrs

Peter Ruis

TITLE
Independent Non-Executive Director
COMPENSATION
£51K
TENURE
4.6 yrs

Paula Vennells

TITLE
Independent Non-Executive Director
AGE
60
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Dunelm Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
17. Mar 20 Buy William Reeve Individual 16. Mar 20 16. Mar 20 1,000 £7.80 £7,803
10. Mar 20 Buy William Reeve Individual 09. Mar 20 09. Mar 20 1,000 £9.91 £9,913
06. Sep 19 Buy William Reeve Individual 05. Sep 19 05. Sep 19 1,000 £8.15 £8,151
18. Jul 19 Buy Laura Carr Individual 17. Jul 19 17. Jul 19 11,000 £8.75 £96,250
18. Jul 19 Buy Nick Wilkinson Individual 17. Jul 19 17. Jul 19 26,021 £8.80 £228,985
12. Jul 19 Buy Ian Bull Individual 11. Jul 19 11. Jul 19 4,000 £8.79 £35,163
X
Management checks
We assess Dunelm Group'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. Dunelm Group 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.

News

Simply Wall St News

Company Info

Description

Dunelm Group plc engages in the retail of homewares in the United Kingdom. The company offers furniture for bedroom, living room, dining room, and office; sofas and chairs; bean bags; bed frames, mattresses, divan beds and bases, and headboards, as well as kids beds; and bedding products, such as bed linens, duvets, pillows, protectors, and baby and kids beddings. It also provides curtains, poles and tracks, and curtain accessories; blinds; rugs, runners, and door mats; mirrors, cushions and throws, pictures and frames, wallpapers, and accessories; lighting products, including ceiling and wall lights, lamp shades, floor and table lamps, outdoor lights, and lighting accessories; and kitchen products, such as cooking, dining, utility, electrical, and storage products, as well as furniture for pets. In addition, the company offers towels and bathmats, bathroom accessories, and bathroom furniture; kids accessories and toys, baby toys, and nursery furniture and products, as well as travel, safety, and wellbeing products; and garden furniture and storage, garden décor and ornament, and travel products. It operates 170 superstores and 2 high street stores, as well as sells its products through an online store at dunelm.com. Dunelm Group plc was founded in 1979 and is based in Syston, the United Kingdom.

Details
Name: Dunelm Group plc
DNLML
Exchange: BATS-CHIXE
Founded: 1979
£1,587,712,323
202,256,347
Website: http://www.dunelm.com
Address: Dunelm Group plc
Watermead Business Park,
Syston,
Leicestershire, LE7 1AD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE DNLM Ordinary Shares London Stock Exchange GB GBP 19. Oct 2006
DB DFQ Ordinary Shares Deutsche Boerse AG DE EUR 19. Oct 2006
BATS-CHIXE DNLML Ordinary Shares BATS 'Chi-X Europe' GB GBP 19. Oct 2006
OTCPK DNLM.Y UNSPONSORD ADR Pink Sheets LLC US USD 08. Apr 2014
Number of employees
Current staff
Staff numbers
10,000
Dunelm Group employees.
Industry
Homefurnishing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:44
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/06/29


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.