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Dellia Group (DELIA) Fair Value & Analysis

Consumer Defensive · NO · Market cap 1.2B NOK

DG Dellia Group DELIA · OL
Pricekr 29.60
Fair Valuekr 19.41
Upside-34.4%
Quality47/100
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Expensive Growth
Thin margins · 7.3% net margin
Low debt · negative free cash flow
2.60% dividend yield
Mixed vs. peers (7/13)
Moderate moat 64/100
Evidence: High Range kr 14.49 – kr 24.28 Share as image

Fair value as of: Jul 15, 2026

From 17 valuation models · updated 26 days ago

Share price +33.9% over the past month.

Below-average quality, and screening another 34% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 24.28). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (10 months)

kr 55.89 kr 20.71 Fair Value kr 19.41 Sep 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 15, 2026.

How to read this chart

10‑month range kr 20.71 – kr 55.89 · fair‑value band kr 14.49 – kr 24.28 · the kr 29.60 price screens above the kr 19.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 15, 2026.

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Analysis

Dellia Group (DELIA) currently trades at kr 29.60, while our model-based Fair Value estimate is kr 19.41, implying the stock looks roughly 34.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dellia Group generated revenue of 731M NOK at a net margin of 7.3%. Revenue grew 76.4% year over year. It earns a return on equity of 24.0%. Net debt stands at 15.8M NOK. Fundamentals as of Jul 15, 2026

Our scenario range runs from kr 14.49 (bear case) to kr 24.28 (bull case); at kr 29.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -34%, DELIA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income kr 7.95 kr 9.11 kr 17.20 76
ROIC Compounder kr 19.54 kr 24.84 kr 31.12 72
Gordon GGM kr 1.44 kr 2.60 kr 3.58 70
All 17 models by family
DCF Models
Owner Earnings kr 20.07 kr 35.04 kr 62.81 31
Earnings-Based
Graham-Dodd kr 7.77 kr 54.17 kr 76.02 54
Lynch FV kr 27.98 kr 39.98 kr 51.97 50
PEG = 1.0 kr 27.98 kr 39.98 kr 51.97 46
EPV kr 17.05 kr 18.54 kr 19.78 59
Dividend Discount
Gordon GGM kr 1.44 kr 2.60 kr 3.58 70
DDM Multi-Stage kr 1.44 kr 2.38 kr 2.78 61
Multiples
P/E Multiple kr 17.13 kr 22.84 kr 28.56 63
P/S Multiple kr 14.56 kr 19.42 kr 24.27 58
P/B Multiple kr 14.56 kr 19.42 kr 24.27 55
EV/EBIT kr 29.46 kr 37.24 kr 45.02 53
EV/EBITDA kr 23.57 kr 29.38 kr 35.20 54
EV/Revenue kr 21.85 kr 28.60 kr 35.34 43
Asset-Based
NCAV (Graham) kr 4.50 kr 6.02 kr 8.99 50
Economic Profit
Residual Income kr 7.95 kr 9.11 kr 17.20 76
ROIC Compounder kr 19.54 kr 24.84 kr 31.12 72
Growth Earnings
Growth-Adj P/E kr 36.06 kr 51.51 kr 66.97 68

Widest divergence: Growth Earnings (kr 51.51) versus Dividend Discount (kr 2.38). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 731M NOK
Revenue growth (YoY) +76.4%
Net margin 7.3%
Return on equity 25.3%
Free cash flow −35.9M NOK FY2025
P/E ratio 22.1
More key figures
Operating margin 9.5%
EPS (TTM) kr 1.24
Dividend yield 2.6%
EPS growth (YoY) +5.8%
Net debt 15.8M NOK FY2024

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 14

Profitability 58
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 22
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Dellia Group ASA, through its subsidiaries, operates as a branded consumer goods company in Norway, Sweden, Denmark, Finland, Iceland, the United Kingdom, Germany, France, the Netherlands, Italy, Switzerland, Portugal, Spain, and China.

Full company description

Dellia Group ASA, through its subsidiaries, operates as a branded consumer goods company in Norway, Sweden, Denmark, Finland, Iceland, the United Kingdom, Germany, France, the Netherlands, Italy, Switzerland, Portugal, Spain, and China. The company offers dried fruit products under the Sunshine Delights brand name; chocolate-dipped dried fruits under the Dippies brand name; and flavored dates under the A date with brand name, as well as private label dietary food supplements. It exports its products. The company was founded in 2016 and is headquartered in Oslo, Norway.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Dellia Group reported revenue of kr 638M in FY2025 versus kr 52.9M in FY2022, a compound +129.3%/yr. Reported net income was kr 49.2M in FY2025, compounding +393.2%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
638M NOK
Latest YoY
+140.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+129.3%
Revenue +129.3%/yr
FY22 kr 52.9M
FY23 kr 106M
FY24 kr 266M
FY25 kr 638M
Net income +393.2%/yr
FY22 kr 410K
FY23 kr 3.6M
FY24 kr 2.8M
FY25 kr 49.2M

DELIA screens 34% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Dellia Group Fair Value". https://www.fairvalue-calculator.com/stock/DELIA

Peer Group

Packaged Foods · 649 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside −34% · Below median
Return on equity (TTM) 25% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 76% · Top 25%
Dividend yield (TTM) 2.6% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 22.1× · Pricier than median
P/B 3.05× · Pricier than 75% of peers
P/S (TTM) 1.62× · Pricier than 75% of peers
EV/EBITDA 9.3× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 100 · sector 20
PAST 100 · sector 27
HEALTH 100 · sector 96
DIVIDEND 52 · sector 47

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Dellia Group (DELIA) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of kr 19.41 versus a price of kr 29.60, about −34% (overvalued).
What is the fair value of DELIA?
Our model-based fair value for Dellia Group is kr 19.41 (as of Jul 15, 2026), built from audited fundamentals. The current price is kr 29.60.
What is the quality score of DELIA?
Dellia Group has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Dellia Group (DELIA)?
Dellia Group reported trailing-twelve-month revenue of about 731M NOK (latest available figure, as of Jul 15, 2026).
What is the net profit margin of DELIA?
The net profit margin of Dellia Group is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
Does Dellia Group pay a dividend?
Dellia Group currently shows a dividend yield of about 1.11% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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