Added to YB: 2026-09-22
Pitch date: 2026-09-18
DEL.WA [bullish]
Delko S.A.
Author Info
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Company Info
Delko S.A. engages in the wholesale of household chemical, cosmetics, industrial, and hygiene products in Poland.
Market Cap
PLN 71.2M
Pitch Price
PLN 5.97
Price Target
10.92
Dividend
10.92%
EV/EBITDA
6.67
P/E
25.27
EV/Sales
0.20
Sector
Distributors
Category
value
Delko (DEL) – A Discounted Distributor at 0.71x TB
DEL.WA (monitor): Delko is a profitable Polish FMCG distributor and retailer trading at 0.71x tangible book; it has traded below 0.75x on only 11% of trading days since late 2012, despite a decade of positive earnings, free cash flow and dividends. A 4x FY28/29 EBITDA scenario implies PLN9.95 per share including dividends, or 68% upside and a 19% CAGR; the key risk is that traditional-store closures make the weakness at least partly structural while EBIT margins remain below 0.5%.
Read full article (7 min)