Market cap
$406.5m
End-of-day close multiplied by current shares on issue.
DGL · NZX
Delegat Group is an NZX-listed consumer / wine and beverages company with HY24 - HY26 of published result briefings.
Snapshot
HY26, released 27 February 2026
| Metric | Value | Change |
|---|---|---|
| Revenue | $179.6m | ↑ +0.5% |
| EBITDA | $65.6m | ↑ +6.4% |
| NPAT | $22.8m | ↑ +82.4% |
| Operating cash flow | $62.3m | ↓ -17.5% |
| OCF / EBITDA % | 95.0% | ↓ -27.6pp |
| Net debt | $307m | ↓ -11.2% |
| Net debt / EBITDA | 4.68x | ↓ -16.6% |
| ROE % | 3.9% | ↑ +1.6pp |
| DPS | 579.0c | ↑ +7.4% |
| PBT | $32.2m | ↑ +85.1% |
Source: latest published briefing (HY26, released 27 February 2026). Change compares against the prior equivalent period: HY25, released 28 February 2025.
Valuation
A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.
The latest close and share count context for the market price.
Market cap
$406.5m
End-of-day close multiplied by current shares on issue.
How the market price compares with recent earnings and cash-flow inputs.
P/E
6.86x
Recent market cap compared with trailing earnings.
EPS
0.59
Recent filing-derived earnings per share.
PEG
0.08x
P/E compared with recent earnings growth.
EV/EBITDA
5.92x
Enterprise value compared with recent EBITDA.
P/FCF
5.57x
Market cap compared with recent free cash flow.
P/B
0.69x
Market value compared with latest reported equity.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
5.0%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Indexed lines compare direction from the first positive comparable filing point. The axis is an index, not dollars or cents.
Chat
Ask follow-up questions about Delegat Group's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | HY266 MONTHS27 February 2026 | HY256 MONTHS28 February 2025 | FY2512 MONTHS3 February 2025 | FY2412 MONTHS7 August 2024 | HY246 MONTHS23 February 2024 | Trend |
|---|---|---|---|---|---|---|
| Revenue | $179.6m | $178.6m | $349.6m | $378.3m | $203.1m | Chart |
| Revenue growth % | 0.5% | -12.0% | -7.6% | -0.8% | -2.9% | Chart |
| EBITDA | $65.6m | $61.6m | $116.5m | $128.5m | $74.8m | Chart |
| EBITDA margin % | 36.5% | 34.5% | 33.3% | 34.0% | 36.8% | Chart |
| PBT | $32.2m | $17.4m | $68.4m | $61.6m | $46.4m | Chart |
| PBT growth % | 85.1% | -62.5% | 11.0% | -31.4% | -17.1% | Chart |
| NPAT | $22.8m | $12.5m | $49m | $31.4m | $33.4m | Chart |
| NPAT growth % | 82.4% | -62.6% | 56.1% | -51.5% | -17.9% | Chart |
| Operating cash flow | $62.3m | $75.6m | $105.7m | $56.9m | $35.8m | Chart |
| OCF / EBITDA % | 95.0% | 122.6% | 90.7% | 44.2% | 47.8% | Chart |
| FCF pre-lease | $51.8m | $38.2m | $59.3m | -$9.1m | -$9.1m | Chart |
| FCF post-lease | — | — | — | — | -$9.1m | — |
| DPS | 579.0c | 539.0c | 20.0c | 20.0c | — | Chart |
| Payout ratio vs NPAT % | — | — | 41.3% | 64.5% | — | Chart |
| Annual payout ratio vs EPS % | — | — | 41.2% | 64.5% | — | Chart |
| ROE % | 3.9% | 2.3% | 8.4% | 5.6% | 6.0% | Chart |
| Net debt | $307m | $345.6m | $328.6m | $360.1m | $352.3m | Chart |
| Net debt / EBITDA | 4.68x | 5.61x | 2.82x | 2.8x | 4.71x | Chart |
| Debtor days | 61 | 70 | 59 | 74 | 77 | Chart |
| Inventory days | 145 | 140 | 196 | 176 | 136 | Chart |
| Total assets | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | Chart |
Reference: annolyse.ai/companies/dgl
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Reported revenue across covered periods.
Like-period revenue growth where comparable.
Company-specific earnings measure where disclosed.
EBITDA-equivalent margin where revenue and earnings are source-backed.
Statutory profit after tax.
Cash generated from operations.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Cash conversion against earnings.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Leverage ratio, suppressed where earnings are not meaningful.
Dividend per share declared for the period.
Dividend payout against statutory NPAT.
Receivables days where the working-capital inputs are source-backed.
Inventory days where the working-capital inputs are source-backed.
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From NPAT fell 62.6% on volume weakness as cash flow doubled
No quantified FY25 target is supplied; the release excerpt referencing "FY25 Operating Net..." is truncated and cannot be relied on. The FY24 anchor period is also flagged as carrying a discontinued operation, which distorts any H1-to-FY share comparison: HY24 NPAT of $33.4m sat against FY24 NPAT of just $7.4m, implying an H2 loss in the prior year. That makes second-half shape inferences unreliable.
What the release does support: Delegat enters H2 with materially lower inventory and receivables, lower H1 capex, and a reduced earnings base. Whether H2 volumes recover in the USA and Europe is the central unknown; the result on its own does not speak to that.
Open questions
This briefing cannot assess whether the H1 volume weakness reflects a temporary destocking cycle or a structural shift in premium wine demand, because the release provides no channel-level or end-consumer data.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
HY26 · Released 27 February 2026
Headline earnings growth far outstrips underlying volume and revenue gains, with the lift coming from below-EBIT items rather than trading.
HY25 · Released 28 February 2025
A $30.4m working-capital release lifted operating cash flow 111.3%, but earnings collapsed and trailing leverage rose to 5.6x EBITDA.
FY25 · Released 3 February 2025
Operating EBITDA dropped to $116.5m on a 12% case-volume decline, with cash generation aided by a $19.9m debtor release and lower capex.
FY24 · Released 7 August 2024
The effective tax rate jumped to 49.0%, receivable days extended from 51 to 74, and the held 20c dividend now consumes 64.5% of reported earnings.
HY24 · Released 23 February 2024
Flat EBITDA masked a sharp deterioration in cash deployment, with debtor days extending 20.7 and free cash flow turning negative.
Get the next Delegat Group result briefing and five-year history updates by email.