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Diversified sales, marketing and distribution group refocusing on energy (LPG, oil, retail fuel) after selling healthcare and technology divisions.
Diversified sales, marketing and distribution group refocusing on energy (LPG, oil, retail fuel) after selling healthcare and technology divisions.
Buys fuel and LPG wholesale and resells by delivery to homes and businesses or through forecourts, earning a margin per liter or tonne, so profit follows volumes sold and delivery efficiency more than the oil price. It has grown for decades by buying small local distributors one by one.
In one line: A UK/Irish energy distributor, like a smaller Suburban Propane crossed with a fuel wholesa.
Moat: narrow (distribution, scale, installed base). Dense local distribution networks and long customer relationships in fuel/LPG support route-density economics.
Headquarters: Dublin, Ireland · Founded: 1976
Size DCC Energy (DCC.L) is a United Kingdom Utilities company (Gas Distributors) with a market value of $7.41B, the 64th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £6,450 on 6 Nov 2026.
Performance Over six months the shares gained 12.8%, against +1.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 14.3% over the last twelve months (peer median +3.1%); the operating margin is 3.5% (peer median 21.1%).
Valuation It trades at 12.7× forward earnings against a peer median of 16.6× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.0 points above its cost of capital (9.9% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £15.4B | £15.4B | £15.9B | £18.9B | £22.2B |
| Revenue growth | — | -3% | -16% | -15% | — |
| Gross profit | £2.26B | £2.26B | £2.11B | £2.24B | £2.29B |
| EBITDA | £876M | £856M | £821M | £776M | £830M |
| Net income | £13.4M | £13.4M | £206M | £326M | £334M |
| Free cash flow | £475M | £475M | £380M | £511M | £443M |
| Capital expenditure | £209M | £209M | £214M | £228M | £229M |
| Total debt | n/a | £2.28B | £2.28B | £2.31B | £2.60B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DCC Energy DCC.L | $7.41B | +13% | -14% | 3% | 12.7× | 7.1% |
| Suburban Propane Partners, L.P SPH | $1.15B | -13% | -2% | 15% | 8.6× | -4.6% |
| UGI UGI | $7.94B | +15% | 0% | 14% | 10.6× | 6.1% |
| Rubis SCA RUI.PA | $4.10B | 0% | +11% | 7% | 10.3× | 3.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DCC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | +5.4% | 4th lowest of 21 |
| 6-month return | +12.8% | +1.4% | 2nd highest of 21 |
| Distance from 52-week high | -4.3% | -13.6% | 5th highest of 21 |
| Revenue growth (TTM) | -14.3% | +3.1% | 2nd lowest of 21 |
| Operating margin | 3.5% | 21.1% | lowest of 20 |
| Forward P/E | 12.7× | 16.6× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 7.1% | 3.2% | 6th most demanding of 13 |
| Growth delivered (Del g) | +2.9% | +8.5% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | +4.3 pp | -7.0 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | +1.0 pp | -0.9 pp | 5th highest of 20 |
| EV / EBITDA | 7.8× | 11.9× | 7th cheapest of 18 |
| Net debt / EBITDA | 1.4× | 5.1× | 4th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DCC Energy DCC.L | United Kingdom | $7.41B | +13% | -14% | 3% | 12.7× | 7.1% | +2.9% |
| Enn Energy 2688.HK | Hong Kong | $7.02B | -17% | +6% | 7% | 7.6× | -3.4% | +8.6% |
| Southwest Gas SWX | United States | $6.62B | +2% | -57% | 29% | 18.9× | n/a | n/a |
| KunLun Energy 0135.HK | Hong Kong | $8.35B | +1% | +6% | 5% | 9.5× | -13.0% | +11.4% |
| Black Hills BKH | United States | $6.47B | +13% | +3% | 24% | 18.2× | n/a | n/a |
| Centrica CNA.L | United Kingdom | $9.23B | -25% | 0% | 23% | 13.1× | n/a | n/a |
| ENN Natural Gas 600803.SS | China | $9.83B | +5% | -1% | n/a | 11.8× | -6.1% | +8.4% |
| New Jersey Resources NJR | United States | $5.51B | -2% | +7% | 24% | 16.6× | n/a | n/a |
| Canadian Utilities CU.TO | Canada | $10.1B | +9% | +1% | 16% | 18.9× | 20.1% | +2.7% |
| APA APA.AX | Australia | $10.4B | +7% | -6% | 38% | 49.3× | 12.5% | +3.1% |
| Italgas IG.MI | Italy | $10.4B | -12% | +9% | 49% | 12.3× | 2.4% | +11.3% |
| Spire SR | United States | $5.25B | +4% | +4% | 20% | 17.9× | n/a | n/a |
| Enagas ENG.MC | Spain | $5.22B | +7% | -2% | 21% | 19.4× | 15.0% | -2.2% |
| ONE Gas OGS | United States | $5.09B | -5% | -2% | 21% | 16.6× | n/a | n/a |
| Beijing Enterprises 0392.HK | Hong Kong | $4.93B | -3% | +5% | 4% | 6.3× | 7.7% | +6.7% |
| Brookfield Infrastructure BIPC.TO | Canada | $4.91B | +5% | +6% | 60% | 22.0× | n/a | n/a |
| China Resources Gas 1193.HK | Hong Kong | $4.77B | -13% | +1% | 6% | 10.7× | 1.8% | +11.8% |
| AltaGas ALA.TO | Canada | $11.8B | +4% | +18% | 9% | 22.5× | n/a | n/a |
| Tokyo Gas 9531.T | Japan | $13.1B | -7% | +4% | 7% | 16.3× | -1.8% | +9.9% |
| Excelerate Energy EE | United States | $4.17B | +9% | +49% | 22% | 18.6× | 18.1% | +23.3% |
| Osaka Gas 9532.T | Japan | $13.3B | -2% | +1% | 7% | 14.6× | 4.0% | +8.3% |