Highlights

  • DCC PLC is engaged in the supply of products and services that are used every day.
  • In FY23, the company registered a 2% year-on-year growth in revenue.
  • DCC’s total dividend per share witnessed a 6.5% YoY increase in FY23.

Ireland-based DCC PLC (LSE: DCC) is engaged in the supply of marketing, international sales, and support services across 21 countries.In fiscal year 2023, the company registered a 25.2% year-on-year growth in the revenue. DCC secured GBP 22.21 billion revenue during FY23, as compared to GBP 17.73 billion in FY22. The company has attributed this growth to the increased prices of energy commodity during the year. Its adjusted operating profit grew by 11.3% following multiple acquisitions completed in FY23.

DCC’s total dividend per share witnessed a 6.5% YoY increase during the reporting period. Notably, DCC recorded growth in dividend for the 29th consecutive year this time.

The company has spent approximately £1.3 billion in acquisition activities in the last three years.  

During FY24, FTSE 100 index listed company will be directing over £360 million towards 19 acquisitions, including the acquisition of Medi-Globe and PVO. Further, it will be making investments in lifelong health, cleaner and reliable energy, and progressive technology. In a nutshell, the company is anticipating the fiscal year 2024 to be positive with higher growth in operating profit and further development progress. 

Top 10 shareholders

The top ten shareholders of the company together constitute 48.45% of the total shareholdings. While BlackRock Investment Management (UK) Ltd. owns 9.83% shareholding, Fidelity Management & Research Company LLC holds around 9.03% shareholding.

Stock Price Performance

The company’s stock has fallen by over 4.20% in the last one month, while it has witnessed a decline of more than 7.88% over the last six months. The stock’s 52-week low and 52-week high price stands at GBX 3,986.00 and GBX 5,250.00, respectively.

 

Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 17 August 2023. The reference data in this report has been partly sourced from EODHD/Others.