Added to YB: 2025-11-20
Pitch date: 2025-09-16
DCC.L [bullish]
DCC plc
+9.16%
current return
Author Info
No bio for this author
Company Info
DCC plc engages in the sales, marketing, and distribution of carbon energy solutions in the Republic of Ireland, the United Kingdom, France, the United States, and internationally.
Market Cap
GBP 4.7B
Pitch Price
GBP 46.54
Price Target
120.00 (+136%)
Dividend
4.25%
EV/EBITDA
6.93
P/E
37.36
EV/Sales
0.33
Sector
Industrial Conglomerates
Category
value
DCC plc - $DCC.L
DCC.L: UK energy distributor w/ 12000p target (150-200% upside). Core propane biz trades 5x EBITDA vs 10x private US peers. Sept 2025 £600M buyback from healthcare sale, Q4'26 £600-700M from US tech sale. Energy segment: 19% ROCE, 16% EBITA CAGR, 97% FCF conversion. Targeting 10% EBITA growth via 3-4% organic + 6-8% M&A (£1.5B budgeted). Strong in defensive propane w/ 3-6% churn vs 10-15% US avg.
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