| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 19.29 | 142 |
| Intrinsic value (DCF) | 2.00 | -75 |
| Graham-Dodd Method | 4.69 | -41 |
| Graham Formula | 3.64 | -54 |
Derichebourg SA is a leading French environmental services and industrial outsourcing company, operating globally with a strong focus on sustainability and resource recovery. Founded in 1956 and headquartered in Paris, Derichebourg specializes in waste management, recycling ferrous and non-ferrous metals from end-of-life products, industrial waste, and new scrap. The company's Environmental Services division handles collection, sorting, and recycling, while its Multiservices division provides industrial cleaning, facility management, logistics, and specialized staffing solutions. Derichebourg plays a critical role in the circular economy, supporting businesses and municipalities in waste reduction and resource efficiency. With a market cap exceeding €1 billion, the company is a key player in the European waste management sector, offering integrated solutions that align with global environmental regulations and sustainability trends.
Derichebourg presents a compelling investment case due to its diversified revenue streams across environmental services and industrial outsourcing, supported by strong cash flow generation (€328.3M operating cash flow in FY 2023). The company benefits from increasing regulatory demand for recycling and waste management solutions, positioning it well for long-term growth. However, its high beta (1.99) indicates significant volatility, and its substantial total debt (€905.9M) could pose risks in a rising interest rate environment. The dividend yield (€0.13 per share) is modest, but the company's focus on sustainability aligns with ESG investment trends. Investors should weigh its cyclical exposure to industrial activity against its defensive waste management operations.
Derichebourg holds a competitive edge through its vertically integrated waste management and recycling operations, which allow it to capture value across the entire waste-to-resource chain. Its dual focus on environmental services and industrial outsourcing provides revenue diversification, reducing reliance on any single market segment. The company's strong presence in France and expanding international footprint give it scale advantages in procurement and logistics. However, it faces intense competition from larger global waste management firms and regional players with deeper pockets. Derichebourg's ability to innovate in metal recovery and circular economy solutions differentiates it, but its profitability (€74.8M net income on €3.62B revenue) lags behind some peers, suggesting room for operational efficiency improvements. Its Multiservices division faces margin pressure from labor-intensive outsourcing contracts, though this segment provides stable recurring revenue.