DELUXE CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.35 USD | +1.50% |
|
+3.25% | -5.13% |
| Apr. 19 | Northcoast Initiates Deluxe With Buy Rating, $27 Price Target | MT |
| Feb. 01 | Transcript : Deluxe Corporation, Q4 2023 Earnings Call, Feb 01, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,102 | 1,223 | 1,368 | 732.5 | 937.2 | 896 | - | - |
| Enterprise Value (EV) 1 | 2,102 | 1,223 | 3,010 | 2,336 | 2,458 | 2,384 | 2,305 | 2,188 |
| P/E ratio | -10.7 x | 154 x | 22.1 x | 11.3 x | 36.4 x | 12.6 x | 11 x | - |
| Yield | 2.4% | 4.11% | 3.74% | - | - | - | - | - |
| Capitalization / Revenue | 1.05 x | 0.68 x | 0.68 x | 0.33 x | 0.43 x | 0.42 x | 0.41 x | 0.4 x |
| EV / Revenue | 1.05 x | 0.68 x | 1.49 x | 1.04 x | 1.12 x | 1.11 x | 1.05 x | 0.98 x |
| EV / EBITDA | 4.37 x | 3.36 x | 7.38 x | 5.59 x | 5.89 x | 5.85 x | 5.45 x | 4.74 x |
| EV / FCF | 9.55 x | 7.89 x | 29.6 x | 26.9 x | 25.2 x | 35.3 x | 23.1 x | 12.7 x |
| FCF Yield | 10.5% | 12.7% | 3.38% | 3.72% | 3.97% | 2.83% | 4.33% | 7.87% |
| Price to Book | - | - | - | - | 1.55 x | 1.47 x | 1.38 x | - |
| Nbr of stocks (in thousands) | 42,102 | 41,894 | 42,606 | 43,136 | 43,693 | 44,029 | - | - |
| Reference price 2 | 49.92 | 29.20 | 32.11 | 16.98 | 21.45 | 20.35 | 20.35 | 20.35 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/3/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,009 | 1,791 | 2,022 | 2,238 | 2,192 | 2,156 | 2,187 | 2,240 |
| EBITDA 1 | 480.9 | 364.5 | 407.8 | 418.1 | 417.1 | 407.8 | 422.6 | 462 |
| EBIT 1 | 418.4 | 222.8 | 196.9 | 212.6 | 199.2 | 180.2 | 214.8 | 212.2 |
| Operating Margin | 20.83% | 12.44% | 9.74% | 9.5% | 9.09% | 8.35% | 9.82% | 9.47% |
| Earnings before Tax (EBT) 1 | -185.6 | 30.6 | 93.8 | 84.4 | 39.8 | 62.19 | 101.2 | 112.4 |
| Net income 1 | -199.9 | 8.8 | 62.6 | 65.4 | 26.1 | 45.99 | 75.57 | 89.9 |
| Net margin | -9.95% | 0.49% | 3.1% | 2.92% | 1.19% | 2.13% | 3.45% | 4.01% |
| EPS 2 | -4.650 | 0.1900 | 1.450 | 1.500 | 0.5900 | 1.613 | 1.843 | - |
| Free Cash Flow 1 | 220.1 | 155 | 101.7 | 86.9 | 97.7 | 67.54 | 99.75 | 172.2 |
| FCF margin | 10.96% | 8.66% | 5.03% | 3.88% | 4.46% | 3.13% | 4.56% | 7.69% |
| FCF Conversion (EBITDA) | 45.77% | 42.52% | 24.94% | 20.78% | 23.42% | 16.56% | 23.61% | 37.27% |
| FCF Conversion (Net income) | - | 1,761.36% | 162.46% | 132.87% | 374.33% | 146.87% | 132.01% | 191.55% |
| Dividend per Share | 1.200 | 1.200 | 1.200 | - | - | - | - | - |
| Announcement Date | 2/6/20 | 2/4/21 | 2/3/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 532.1 | 570.6 | 556 | 563 | 555 | 564 | 545.4 | 571.7 | 537.8 | 537.4 | 526.3 | 542.1 | 539.4 | 548.6 |
| EBITDA 1 | 102.7 | 117.1 | 99.6 | 101.7 | 104.6 | 112.2 | 100.4 | 108.4 | 101.9 | 106.4 | 94.5 | 98.75 | 103.6 | 110 |
| EBIT 1 | 48.7 | 60.1 | 47.1 | 51.6 | 41.6 | 61.3 | 34.1 | 54.1 | 21.6 | 48.5 | 36.74 | 37.3 | 48.64 | 57.52 |
| Operating Margin | 9.15% | 10.53% | 8.47% | 9.17% | 7.5% | 10.87% | 6.25% | 9.46% | 4.02% | 9.02% | 6.98% | 6.88% | 9.02% | 10.48% |
| Earnings before Tax (EBT) 1 | 17.2 | 24.1 | 12.6 | 32.6 | 20.9 | 18.3 | 6.5 | 23 | -9.2 | 19.4 | 6.665 | 7.582 | 19.21 | 28.73 |
| Net income 1 | 12.5 | 13.8 | 9.6 | 22.1 | 14.7 | 19 | 2.8 | 16.4 | -8 | 15 | 4.915 | 5.625 | 14.21 | 21.24 |
| Net margin | 2.35% | 2.42% | 1.73% | 3.93% | 2.65% | 3.37% | 0.51% | 2.87% | -1.49% | 2.79% | 0.93% | 1.04% | 2.63% | 3.87% |
| EPS 2 | 0.2800 | 0.3200 | 0.2200 | 0.5000 | 0.3400 | 0.4400 | 0.0600 | 0.3700 | -0.1800 | 0.3400 | 0.2833 | 0.3600 | 0.4333 | 0.5367 |
| Dividend per Share | 0.3000 | 0.3000 | 0.3000 | - | - | - | - | - | - | 0.3000 | - | - | - | - |
| Announcement Date | 11/4/21 | 2/3/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/2/23 | 5/4/23 | 8/3/23 | 11/2/23 | 2/1/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,642 | 1,604 | 1,521 | 1,488 | 1,409 | 1,292 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 4.026 x | 3.836 x | 3.646 x | 3.648 x | 3.334 x | 2.797 x |
| Free Cash Flow 1 | 220 | 155 | 102 | 86.9 | 97.7 | 67.5 | 99.8 | 172 |
| ROE (net income / shareholders' equity) | -26.9% | 1.58% | 11.5% | - | 4.32% | 5.2% | 8% | - |
| ROA (Net income/ Total Assets) | -9.41% | 0.46% | 2.55% | - | 0.85% | 1% | 1.7% | - |
| Assets 1 | 2,124 | 1,909 | 2,458 | - | 3,079 | 4,599 | 4,445 | - |
| Book Value Per Share 2 | - | - | - | - | 13.80 | 13.80 | 14.70 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 66.6 | 62.6 | 109 | 105 | 101 | 100 | 99.5 | 98.6 |
| Capex / Sales | 3.32% | 3.5% | 5.4% | 4.67% | 4.59% | 4.64% | 4.55% | 4.4% |
| Announcement Date | 2/6/20 | 2/4/21 | 2/3/22 | 2/2/23 | 2/1/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
20.35
USD
Average target price
29.25
USD
Spread / Average Target
+43.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.13% | 896M | |
| -7.57% | 7.27B | |
| +9.15% | 6.93B | |
| +11.28% | 2.37B | |
| -32.55% | 1.28B | |
| +180.00% | 1.21B | |
| -18.44% | 861M | |
| -7.76% | 605M | |
| -10.09% | 510M | |
| -11.47% | 461M |
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