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DCC plc
(LSE:DCC)
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Rating:66Neutral
Price Target:
6,604.00 p
▲(5.08% Upside)
Action:Reiterated
Date:05/20/26
The score is led by strong cash generation and constructive earnings-call indicators (solid adjusted growth, strong cash conversion/ROCE, and shareholder returns), supported by a clear positive price trend. It is held back by the sharp drop in reported net income and reduced equity cushion, plus a negative P/E that limits valuation support despite a decent dividend yield.
Positive Factors
Strong cash generation
Consistently high operating and free cash flow with 108% conversion provides durable capacity to fund debt service, reinvestment, M&A and shareholder returns. Cash resilience also cushions the business against earnings volatility and supports strategic optionality over the next 2–6 months.
Negative Factors
Sharp earnings and equity drop
A material fall in reported net income and a sizeable reduction in equity weakens the balance-sheet cushion and reduces flexibility. Persistent bottom-line pressure can limit capital deployment, raise stakeholder scrutiny and increase vulnerability to adverse market shocks despite strong cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently high operating and free cash flow with 108% conversion provides durable capacity to fund debt service, reinvestment, M&A and shareholder returns. Cash resilience also cushions the business against earnings volatility and supports strategic optionality over the next 2–6 months.
Read all positive factors
DCC plc (DCC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.41B
Dividend Yield3.42%
Average Volume (3M)318.04K
Price to Earnings (P/E)147.2
Beta (1Y)1.17
Revenue Growth-14.26%
EPS Growth-79.14%
CountryUK
Employees11,700
SectorEnergy
Sector Strength52
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.43
Shares Outstanding85,424,130
10 Day Avg. Volume206,953
30 Day Avg. Volume318,038
Financial Highlights & Ratios
PEG Ratio-3.55
Price to Book (P/B)1.93
Price to Sales (P/S)0.28
P/FCF Ratio9.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£6,470.83Price Target Upside2.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)5.06
Revenue Forecast (FY)£16.47B
DCC plc Business Overview & Revenue Model
Company Description
DCC Plc engages in the provision of international sales, marketing, and business support services. It operates through the following DCC Energy and DCC Technology segments. The DCC Energy segment focuses on the sales, marketing, and distribution o...
How the Company Makes Money
DCC makes money primarily by acting as a value-added distributor and service provider across its operating divisions. In DCC Energy, it generates revenue from the sale and distribution of energy products (including fuels) and from providing associ...
DCC plc Earnings Call Summary
Earnings Call Date:May 19, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call reported solid financial and operational performance: adjusted operating profit and EPS grew, cash conversion and returns on capital remained strong, and the group delivered substantial capital returns while accelerating its strategic focus on energy. These positives were tempered by a revenue decline, weaker energy volumes, and a disappointing year for Energy Services amid market and policy volatility. Management emphasized long-term opportunities in liquid gas and multi-energy solutions and maintained an acquisitive stance with a strong balance sheet.Positive Updates
Adjusted operating profit growth
Total adjusted operating profit increased 3.6% to GBP 634.0m for FY '26, driven by a stronger second half performance (+7.9% H2) despite a weaker first half (approx. -5%).
Negative Updates
Revenue decline and volume weakness
Reported revenue fell 2.9% to GBP 15.4bn; DCC Energy volumes were down 3.2% for the year (down 1.8% in H2), reflecting milder weather, reduced commercial activity in some regions and weak demand in parts of the year.
Read all updates
Q4-2026 Updates
Positive
Negative
Adjusted operating profit growth
Total adjusted operating profit increased 3.6% to GBP 634.0m for FY '26, driven by a stronger second half performance (+7.9% H2) despite a weaker first half (approx. -5%).
Read all positive updates
Company Guidance
The call reiterated a clear energy‑focused guidance and quantified targets: FY‑26 saw adjusted operating profit +3.6% to £634m, adjusted EPS +9.9% to 438.1p, revenue £15.4bn (‑2.9%), free cash flow conversion 108% (113% in DCC Energy), group ROCE 16.8% (DCC Energy 18.8%), net debt £690m (0.9x EBITDA) and £700m returned to shareholders (with a further £100m expected in FY28) alongside a proposed 5% dividend increase to 216.72p and a £110m committed acquisition spend; management reiterated its 2030 ambition to double profits, medium‑term organic growth guidance of 3–4% with 6–8% from M&A to deliver double‑digit earnings growth, a target to convert ~90% of profits into cash and to sustain ROCE in the high teens, noted 87% of group profit now derives from Energy (Solutions 76% / Mobility 24%), highlighted market opportunity (liquid gas TAM c.74bn litres with c.5% share today), and set operational milestones including the intended Nexora sale by end‑2026 and a proposed name change to DCC Energy plc effective 16 July 2026.DCC plc Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
58
Neutral
Cash Flow
75
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.44B | 18.01B | 19.86B | 22.20B | 17.73B |
| Gross Profit | 2.26B | 2.40B | 2.60B | 2.40B | 2.04B |
| EBITDA | 825.02M | 785.73M | 882.88M | 856.65M | 770.47M |
| Net Income | 13.36M | 206.49M | 326.25M | 334.02M | 312.37M |
Balance Sheet | |||||
| Total Assets | 8.27B | 9.26B | 9.48B | 9.84B | 9.56B |
| Cash, Cash Equivalents and Short-Term Investments | 1.09B | 1.09B | 1.11B | 1.42B | 1.39B |
| Total Debt | 2.28B | 2.28B | 2.31B | 2.60B | 2.34B |
| Total Liabilities | 5.90B | 6.09B | 6.30B | 6.78B | 6.59B |
| Stockholders Equity | 2.26B | 3.07B | 3.09B | 2.98B | 2.91B |
Cash Flow | |||||
| Free Cash Flow | 475.45M | 367.73M | 491.67M | 427.46M | 257.42M |
| Operating Cash Flow | 684.10M | 582.03M | 722.02M | 656.90M | 451.77M |
| Investing Cash Flow | 344.92M | -338.14M | -525.29M | -531.52M | -867.43M |
| Financing Cash Flow | -1.11B | -180.89M | -472.75M | -100.16M | 21.49M |
DCC plc Technical Analysis
Positive
6285.00
Price Trends
6196.20
Positive
5672.98
Positive
5197.29
Positive
Market Momentum
55.41
Positive
68.02
Neutral
88.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DCC, the sentiment is Positive. The current price of 6285 is below the 20-day moving average (MA) of 6315.50, above the 50-day MA of 6196.20, and above the 200-day MA of 5197.29, indicating a bullish trend. The MACD of 55.41 indicates Positive momentum. The RSI at 68.02 is Neutral, neither overbought nor oversold. The STOCH value of 88.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:DCC.
DCC plc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £717.54M | 2.88 | 40.22% | 8.47% | ― | ― | |
71 Outperform | £3.46B | 15.53 | 9.72% | 1.88% | 44.51% | 104.04% | |
68 Neutral | £69.19M | 7.58 | 6.02% | 6.02% | 1.90% | 48.28% | |
67 Neutral | £4.36B | -20.97 | -4.05% | 6.13% | 57.55% | -54.80% | |
66 Neutral | £5.41B | 147.21 | 0.55% | 3.45% | -14.26% | -79.14% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
64 Neutral | £4.01B | 22.38 | 9.33% | 0.10% | 36.10% | ― |
* Energy Sector Average
GB:DCC
DCC plc
6,385.00
1,903.98
42.49%
GB:DEC
Diversified Energy Company
981.00
-44.40
-4.33%
GB:NWF
NWF Group plc
144.00
-15.10
-9.49%
GB:HBR
Harbour Energy
232.20
40.67
21.23%
GB:SEPL
SEPLAT Petroleum Development
585.00
343.45
142.18%
GB:ITH
Ithaca Energy PLC
228.20
71.06
45.22%
DCC plc Corporate Events
Business Operations and StrategyShareholder Meetings
DCC plc rebrands as DCC Energy plc ahead of name change on London market
Neutral
Jul 17, 2026
DCC plc has formally changed its name to DCC Energy plc following shareholder approval at its Annual General Meeting on 16 July 2026, with the new name now registered and effective as of 17 July 2026. Trading in the company’s shares on the L...
Business Operations and StrategyShareholder Meetings
DCC Wins Full Shareholder Backing at 2026 AGM
Positive
Jul 16, 2026
DCC plc reported that all ordinary and special resolutions put to shareholders at its Annual General Meeting on 16 July 2026 were approved by poll vote. The company noted that the full text of the resolutions and detailed voting results have been ...
Business Operations and StrategyExecutive/Board Changes
DCC delays board appointment as talks with private equity partners extended
Neutral
Jul 16, 2026
DCC plc, a FTSE 100-listed multi-energy distributor based in Dublin, supplies secure, cleaner and competitively priced energy solutions, particularly off-grid liquid gas, to diverse customer sectors across Europe and the U.S., while operating serv...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsShareholder Meetings
DCC Delivers Solid Q1 Trading as It Deepens European Energy Focus
Positive
Jul 16, 2026
Multi-energy distributor DCC reported that group operating profit for the seasonally quieter first quarter to 30 June 2026 was in line with expectations and ahead of last year, with both DCC Energy and DCC Technology trading ahead of the prior yea...
Business Operations and StrategyM&A Transactions
DCC Wins Improved Bid Terms and Deadline Extension in ECP–KKR Pursuit
Positive
Jul 16, 2026
DCC has received an improved takeover proposal from a consortium led by Energy Capital Partners and KKR, valuing each share at a base cash consideration of 6,525 pence plus the previously announced final dividend of 147.22 pence. The revised terms...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
DCC plc Grants Short Extension to Takeover Deadline for ECP–KKR Consortium
Neutral
Jul 15, 2026
DCC plc has extended the put‑up‑or‑shut‑up deadline for the potential bidder consortium of Energy Capital Partners and KKR, giving them until 7:00 a.m. London time on 16 July 2026 to announce a firm intention to make an off...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
DCC Wins Extra Time for Potential Takeover Bid from ECP–KKR Consortium
Neutral
Jul 8, 2026
DCC plc has disclosed that a consortium comprising Energy Capital Partners and Kohlberg Kravis Roberts has materially completed confirmatory due diligence on a possible cash offer for the entire share capital of the group. The latest proposal valu...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
DCC Publishes 2026 Annual Report and Sets Date for July AGM
Positive
Jun 17, 2026
DCC plc, a Dublin-headquartered FTSE 100 multi-energy distribution leader in Europe and the US, supplies off-grid energy solutions such as liquid gas, operates service stations and fleet services, and supports customers’ transition to cleane...
Business Operations and StrategyM&A Transactions
DCC Board Warms to Higher Takeover Proposal as PUSU Deadline Extended
Positive
Jun 10, 2026
DCC plc has received a revised cash proposal from a consortium comprising Energy Capital Partners and KKR, valuing the company at 6,672.22 pence per share including a proposed final dividend. The offer, which represents a roughly 33% premium to DC...
Business Operations and StrategyExecutive/Board Changes
DCC reshapes board as Workforce Engagement Director retires
Neutral
May 19, 2026
DCC plc, the FTSE 100-listed multi-energy distributor based in Dublin, supplies secure, cleaner and competitive off-grid energy solutions, including liquid gas, service stations and fleet services, to a broad customer base across Europe and the U....
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
DCC Boosts Profits, Tightens Focus on Energy as It Prepares to Rebrand
Positive
May 19, 2026
DCC reported a year of strategic progress and resilient trading for the 12 months to 31 March 2026, as adjusted continuing operating profit rose 3.6% to £634m and adjusted continuing earnings per share climbed 9.9%. The energy-focused group, ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
DCC non-executive director Alan Ralph joins Cairn Homes board
Positive
May 15, 2026
DCC plc has announced that non-executive director Alan Ralph will join the board of Cairn Homes plc as a non-executive director, effective 1 July 2026. Cairn Homes is listed on Euronext Dublin and has a secondary listing on the London Stock Exchan...
Executive/Board ChangesRegulatory Filings and Compliance
DCC Director Lily Liu to Become CFO of Umicore
Positive
Apr 30, 2026
DCC plc said non-executive director Lily Liu has been appointed chief financial officer of Belgian materials technology group Umicore, effective 1 August 2026. The move underscores ongoing board-level changes at DCC but the company has not indicat...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
DCC Rejects £58-a-Share Approach From Energy Capital Partners and KKR
Neutral
Apr 30, 2026
DCC plc has rejected an unsolicited, indicative and conditional cash proposal from a consortium comprising Energy Capital Partners and KKR to acquire the company at 5,800 pence per share, with the offer assuming no further dividends. The board, ad...
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.