D&L Industries (DLNDY)
OTHER OTC:DLNDY
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D&L Industries
(OTC:DLNDY)
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Rating:66Neutral
Price Target:
$2.00
▲(19.05% Upside)
Action:ReiteratedDate:12/11/25
D&L Industries' overall stock score is driven by strong financial performance and positive earnings call highlights, including net income and export growth. However, technical indicators show bearish momentum, and cash flow management remains a concern. The valuation is attractive with a low P/E ratio and reasonable dividend yield.
Positive Factors
Strong export revenue and gross profit growth
Sustained double-digit export revenue and gross profit growth signals durable foreign demand and better geographic diversification. Strong export performance supports higher-margin sales, reduces reliance on domestic markets, and meaningfully bolsters revenue stability and growth prospects over coming quarters.
Negative Factors
Elevated leverage
A TTM debt-to-equity of 1.21 indicates materially higher leverage, reducing financial flexibility. Elevated debt increases interest burden and refinancing exposure, constraining investment choices and amplifying risk if cash generation weakens or interest rates rise over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong export revenue and gross profit growth
Sustained double-digit export revenue and gross profit growth signals durable foreign demand and better geographic diversification. Strong export performance supports higher-margin sales, reduces reliance on domestic markets, and meaningfully bolsters revenue stability and growth prospects over coming quarters.
Read all positive factors
D&L Industries (DLNDY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$450.10M
Dividend Yield3.53%
Average Volume (3M)0.00
Price to Earnings (P/E)18.8
Beta (1Y)0.12
Revenue Growth35.86%
EPS Growth6.39%
CountryUS
Employees1,219
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.04
Shares Outstanding285,714,320
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio136.80
Price to Book (P/B)45.95
Price to Sales (P/S)24.62
P/FCF Ratio-960.64
Enterprise Value/Market Cap117.51
Enterprise Value/Revenue1.01
Enterprise Value/Gross Profit7.73
Enterprise Value/Ebitda9.81
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
D&L Industries Business Overview & Revenue Model
Company Description
D&L Industries, Inc. provides products for food ingredients, oleochemicals for personal and home care use, raw materials for plastic, and aerosol products in the Philippines and internationally. The company operates through Food Ingredients; Color...
How the Company Makes Money
D&L Industries generates revenue through multiple key streams, including the sale of its manufactured products to various industrial sectors such as food processing, pharmaceuticals, and agriculture. Its revenue model is largely based on the produ...
D&L Industries Earnings Call Summary
Earnings Call Date:Mar 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
Balanced. The company delivered solid profitability and volume growth (net income +10.6% YoY; volumes +8%; Q4 margin improvement), improved operational metrics (lower CapEx, shorter working capital cycle, inventory days down), and continued shareholder buybacks. However, significant headwinds from raw material price spikes—especially coconut oil (+62% YoY)—drove higher working capital, negative free cash flow (PHP (1.2)B), and increased debt (net debt PHP 21.9B, net gearing 96%), while commodity margins compressed and geopolitical oil/supply risks create near-term uncertainty. Positives and negatives are roughly balanced.Positive Updates
Net Income Growth
Net income increased 10.6% year-over-year for FY2025 and was up 20% versus the prior-year fourth quarter, indicating improved profitability versus expectations.
Negative Updates
Negative Free Cash Flow and Working Capital Strain
Free cash flow ended the year negative at PHP (1.2) billion. Higher raw material prices, especially coconut oil, increased working capital tied up by close to PHP 6 billion, pressuring liquidity.
Read all updates
Q4-2025 Updates
Positive
Negative
Net Income Growth
Net income increased 10.6% year-over-year for FY2025 and was up 20% versus the prior-year fourth quarter, indicating improved profitability versus expectations.
Read all positive updates
Company Guidance
Management did not give formal 2026 earnings guidance because of geopolitical and commodity volatility, but offered directional guidance: CapEx is expected to remain much lower and near a stable run‑rate (PHP 767m in 2025), working capital and free cash flow should improve in 2026 (2025 free cash flow was negative PHP 1.2bn) as coconut oil eases from its August 2025 peak (~$3,000/t) to roughly $2,300–2,400 (coconut oil +62% YoY; palm oil +6% YoY), which should lower cash tied in inventory and shorten the working capital cycle (WCC improved 139 → 110 days; inventory 107 → 74 days; AR 45 days; payables 21 → 9 days), enabling deleveraging from current net debt of PHP 21.9bn (net gearing ~96%, interest cover ~3x, avg cost of debt ~6%); they expect product mix to drift back toward pre‑COVID ~2/3 high‑margin/1/3 commodities over time (company reported FY volume +8% overall, high‑margin volume +9%, specialty product revenue +22%, commodity revenue +64%, high‑margin margin 18.5% FY / Q4 20.1%, commodity margin 7.5%) and will continue opportunistic share buybacks (family has repurchased ~9% since IPO) while monitoring supply risks.D&L Industries Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.49B | 40.67B | 33.50B | 43.48B | 30.86B | 21.74B |
| Gross Profit | 6.84B | 6.25B | 5.70B | 6.07B | 4.56B | 3.99B |
| EBITDA | 5.39B | 4.99B | 4.46B | 5.14B | 4.07B | 3.38B |
| Net Income | 2.48B | 2.34B | 2.30B | 3.32B | 2.64B | 2.01B |
Balance Sheet | ||||||
| Total Assets | 52.34B | 48.37B | 42.63B | 40.76B | 36.33B | 25.39B |
| Cash, Cash Equivalents and Short-Term Investments | 3.06B | 2.88B | 2.88B | 3.33B | 5.87B | 2.78B |
| Total Debt | 25.70B | 21.91B | 17.69B | 16.30B | 14.19B | 5.56B |
| Total Liabilities | 30.12B | 26.58B | 21.76B | 20.11B | 17.22B | 7.63B |
| Stockholders Equity | 22.22B | 21.79B | 20.87B | 20.65B | 19.10B | 17.77B |
Cash Flow | ||||||
| Free Cash Flow | -4.18B | -1.04B | 1.14B | -1.72B | -3.39B | -174.59M |
| Operating Cash Flow | -3.37B | 47.52M | 2.65B | 1.98B | 204.45M | 2.26B |
| Investing Cash Flow | -805.44M | -1.08B | -1.43B | -3.13B | -3.59B | -2.45B |
| Financing Cash Flow | 4.71B | 1.05B | -1.63B | -782.23M | 6.47B | 344.78M |
D&L Industries Technical Analysis
Neutral
1.68
Price Trends
1.67
Negative
1.64
Negative
1.90
Negative
Market Momentum
-0.04
Negative
51.00
Neutral
65.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DLNDY, the sentiment is Neutral. The current price of 1.68 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.67, and below the 200-day MA of 1.90, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 51.00 is Neutral, neither overbought nor oversold. The STOCH value of 65.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DLNDY.
D&L Industries Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $953.60M | 15.57 | 19.73% | 1.41% | 5.29% | 17.29% | |
66 Neutral | $450.10M | 18.80 | 11.40% | 3.53% | 35.86% | 6.39% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $70.31M | -60.48 | 4.98% | ― | 0.18% | -54.25% | |
61 Neutral | $1.17B | 23.10 | 3.80% | 3.33% | 5.35% | -1.43% | |
53 Neutral | $473.50M | -19.47 | 0.26% | ― | 675.75% | 42.00% |
* Basic Materials Sector Average
DLNDY
D&L Industries
1.58
-0.64
-28.71%
FSI
Flexible Solutions International
5.52
1.86
50.82%
GEVO
Gevo
1.95
0.86
78.90%
ODC
Oil-Dri Of America
71.05
28.35
66.40%
SCL
Stepan Company
51.55
5.43
11.78%
CNEY
CN Energy Group
0.38
-2.74
-87.74%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.