Deluxe Corp

Consumer Discretionary
Publishing
www.deluxe.com

Earnings Score
Moat Score

Market Cap $1.04B
PE 19
Debt $1.61B
Cash $85.60M
EV $2.57B
FCF $NaN

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$55.15M
EBIT	$196.07M
ROE	9%
ROA	7%
Equity	$612.69M
Growth Stability	-99%
PE	18.84
PEG	-59.17
PB	1.7
P/S	0.49
Price/Cash	0.08
Debt/Equity	2.63
Net Margins	3%
Gross Margins	53%
Op. Margins	9%
Earnings CAGR	-17%
Sales Growth YoY	-2%
Sales Growth QoQ	-2%
Sales CAGR	2%
FCF CAGR	-0%
Equity CAGR	-4%
Earnings Stability	0.51
Earnings Growth YoY	-212%
Earnings Growth QoQ	-56%
Earnings CAGR 5Y	-0%

Sales CAGR 5Y	4%
FCF CAGR 5Y	-0%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
Equity CAGR 3Y	2%
Market Cap	$1.04B
Revenue	$2.14B
Dividend Yield	5%
Payout Ratio	99%
Assets	$2.62B
Total Debt	$1.61B
Cash	$85.60M
Shares Outstanding	44.11M
EV	2.57B
Earnings Score	3%
Moat Score	79%
Working Capital	-35.12M
Current Ratio	0.92
Gross Profit	$1.14B
Shares Growth 3y	1%
Equity Growth QoQ	-1%
Equity Growth YoY	2%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Deluxe is a provider of customer life-cycle management solutions to small businesses and financial institutions. The company offers checks and check-related products, logo and web design, hosting and web services, search engine optimization, marketing programmes, digital printing services, printed forms such as deposit tickets and invoices, and office supplies. The small business services segment operates under the Deluxe, NEBS, Safeguard, PsPrint, Hostopia, Logo Mojo, Aplus.net, OrangeSoda, and VerticalResponse brands. The company operates primarily in North America.

SEC Filings

Direct access to Deluxe Corp (DLX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Deluxe Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Deluxe Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -17%

Stability 51%

loading chart...

Deluxe Corp Discounted Cash Flow

Fully customizable DCF calculator online for Deluxe Corp.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	12%	12%	12%	12%	7%	-10%	0%	3%	3%	1%	3%
ROA	-	19%	17%	15%	10%	-8%	2%	5%	6%	5%	7%
ROE	-	29%	26%	23%	16%	-35%	2%	11%	11%	4%	9%

Bad Net Margins (2.51%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	2.38	2.92	2.59	3.29	4.01	-	-	-	-	-
Debt over Equity	0.85	0.85	0.9	0.74	1	1.55	1.55	3.06	2.87	2.8	2.63
Growth Stability	-	-	-	100%	66%	-99%	15%	-	-	57%	-99%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Bad Debt/Equity ratio (2.63)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-99%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	6%	4%	6%	2%	1%	-11%	13%	11%	-2%	4%
Earnings YoY growth	-	9%	5%	1%	-35%	-234%	-104%	615%	4%	-60%	-0%
Equity YoY growth	-	15%	18%	15%	-10%	-38%	-5%	6%	5%	0%	4%
FCF YoY growth	-	11%	3%	7%	-5%	-21%	-	-	-	-	-0%