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Delta Plus
(ALDLT)
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Rating:61Neutral
Price Target:
€21.50
▼(-36.76% Downside)
Action:Reiterated
Date:10/07/26
The score is primarily supported by healthy financial fundamentals (positive profitability, improving leverage, and strong free cash flow) and an attractive valuation (low P/E and ~3% yield). These positives are meaningfully offset by weak technicals, with the stock in a pronounced downtrend and momentum indicators showing heavy selling pressure despite oversold readings.
Positive Factors
Broad PPE portfolio and professional distribution reach
Delta Plus serves workplace safety needs across a broad PPE range, from head and eye protection to footwear and fall protection. This diversified catalog can support repeat purchasing and cross-selling through professional distribution channels, helping sustain customer relevance.
Negative Factors
Recent revenue stagnation and decline
Revenue grew strongly through 2022 but flattened and turned slightly down in 2024–2025. The slower top-line backdrop may limit operating leverage, reduce room for reinvestment, and make future earnings more dependent on margin recovery or renewed demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad PPE portfolio and professional distribution reach
Delta Plus serves workplace safety needs across a broad PPE range, from head and eye protection to footwear and fall protection. This diversified catalog can support repeat purchasing and cross-selling through professional distribution channels, helping sustain customer relevance.
Read all positive factors
Delta Plus (ALDLT) vs. iShares MSCI France ETF (EWQ)
Market Cap
€146.04M
Dividend Yield3.68%
Average Volume (3M)3.19K
Price to Earnings (P/E)5.8
Beta (1Y)0.87
Revenue Growth1.08%
EPS Growth-12.77%
CountryFR
Employees3,748
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)3.51
Shares Outstanding7,358,708
10 Day Avg. Volume4,949
30 Day Avg. Volume3,190
Financial Highlights & Ratios
PEG Ratio-1.01
Price to Book (P/B)1.32
Price to Sales (P/S)0.93
P/FCF Ratio9.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.82
Revenue Forecast (FY)€401.90M
Delta Plus Business Overview & Revenue Model
Company Description
Delta Plus Group engages in design, manufacture, and distribution of a range of personal protective equipment worldwide. It provides head protection products, including eyewear, skull, hearing, and respiratory protection products, as well as cut, ...
How the Company Makes Money
Delta Plus primarily makes money by selling personal protective equipment (PPE) to professional customers. Revenue is generated from the sale of its product ranges across major PPE categories (e.g., protective headgear, eyewear, hearing protection...
Delta Plus Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 398.16M | 389.60M | 400.10M | 420.56M | 420.21M | 344.21M |
| Gross Profit | -8.73M | 76.55M | 221.60M | 222.02M | 216.89M | 85.93M |
| EBITDA | 59.24M | 59.37M | 65.48M | 68.31M | 64.20M | 55.73M |
| Net Income | 25.84M | 27.20M | 31.10M | 37.97M | 33.80M | 32.44M |
Balance Sheet | ||||||
| Total Assets | 610.99M | 556.60M | 549.50M | 520.48M | 538.76M | 445.59M |
| Cash, Cash Equivalents and Short-Term Investments | 42.02M | 37.10M | 37.80M | 41.32M | 36.16M | 55.53M |
| Total Debt | 241.61M | 207.30M | 194.80M | 196.64M | 237.00M | 175.38M |
| Total Liabilities | 323.56M | 281.10M | 275.60M | 277.54M | 316.79M | 250.45M |
| Stockholders Equity | 287.18M | 274.10M | 272.50M | 242.07M | 222.23M | 195.28M |
Cash Flow | ||||||
| Free Cash Flow | 29.45M | 39.18M | 29.04M | 64.89M | 13.44M | 25.78M |
| Operating Cash Flow | 43.87M | 54.71M | 43.59M | 76.12M | 23.88M | 31.74M |
| Investing Cash Flow | -57.67M | -34.56M | -23.84M | -10.83M | -66.03M | -22.68M |
| Financing Cash Flow | 22.46M | -19.84M | -22.93M | -56.31M | 26.92M | -1.30M |
Delta Plus Technical Analysis
Negative
34.00
Price Trends
27.97
Negative
31.58
Negative
37.16
Negative
Market Momentum
-2.37
Negative
20.99
Positive
18.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ALDLT, the sentiment is Negative. The current price of 34 is above the 20-day moving average (MA) of 22.56, above the 50-day MA of 27.97, and below the 200-day MA of 37.16, indicating a bearish trend. The MACD of -2.37 indicates Negative momentum. The RSI at 20.99 is Positive, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:ALDLT.
Delta Plus Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €763.08M | 8.75 | 8.83% | 3.76% | 7.68% | 19.52% | |
61 Neutral | €146.04M | 5.81 | 9.21% | 3.68% | 1.08% | -12.77% | |
58 Neutral | €689.66M | 43.07 | 7.65% | 1.92% | -7.72% | -25.52% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €115.37M | -29.82 | -0.86% | 3.53% | -12.33% | -113.67% | |
52 Neutral | €64.08M | -2.44 | -20.93% | 10.14% | -2.39% | -46.00% | |
47 Neutral | €1.69B | -1.97 | -99.86% | 3.53% | -31.72% | -296.04% |
* General Sector Average
FR:ALDLT
Delta Plus
20.40
-23.31
-53.33%
FR:EXE
EXEL INDUSTRIES
17.00
-16.69
-49.54%
FR:FRVIA
Forvia
8.58
-2.81
-24.67%
FR:PIG
Haulotte
2.17
0.12
5.85%
FR:LSS
Lectra SA
18.24
-5.04
-21.66%
FR:MTU
Manitou BF
19.94
3.28
19.70%
Delta Plus Corporate Events
Delta Plus Publishes 2026 Half-Year Financial Report
Aug 31, 2026
Delta Plus Group has released its half-year financial report for the period ended 30 June 2026, making the document available to investors and the public via the results section of its corporate website. The publication of these interim figures pr...
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.