Operating Margin

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Price: 10.52 EUR -0.94%

Market Cap: €1.1B

9.2%

Improving

by 2.9%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

9.2%

Operating Income

€417m

Revenue

€4.5B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

9.2%

Operating Income

€417m

Revenue

€4.5B

Peer Comparison

Country		Company	Market Cap	Operating Margin
DE	D	Douglas AG XETRA:DOU	1.1B EUR	Loading...
UK	E	Eight Capital Partners PLC F:ECS	158.4B EUR	Loading...
CA		Franco-Nevada Corp TSX:FNV	67.5B CAD	Loading...
SE		EQT AB STO:EQT	415.8B SEK	Loading...
SE		Industrivarden AB STO:INDU A	190.6B SEK	Loading...
NL		Heineken Holding NV AEX:HEIO	17B EUR	Loading...
SE		L E Lundbergforetagen AB (publ) STO:LUND B	129B SEK	Loading...
IN		Bajaj Holdings and Investment Ltd NSE:BAJAJHLDNG	1.2T INR	Loading...
BE		Financiere de Tubize SA XBRU:TUB	9.9B EUR	Loading...
TR		Koc Holding AS IST:KCHOL.E	512.3B TRY	Loading...
BE		Groep Brussel Lambert NV XBRU:GBLB	9.7B EUR	Loading...

Market Distribution

Min	-61 459.6%
30th Percentile	0.7%
Median	4.5%
70th Percentile	9.8%
Max	94 540%

Other Profitability Ratios

Douglas AG
Glance View

Market Cap

1.1B EUR

Industry

N/A

Douglas AG, a leading player in the beauty and cosmetics industry, has carved a significant niche for itself across Europe. With origins tracing back to a soap factory in Hamburg in the early 19th century, the company has evolved dramatically. Today, it stands as a modern retailer with a comprehensive portfolio of perfumes, skincare, and cosmetic products. Headquartered in Düsseldorf, Douglas operates a vast network of stores, supported by a robust e-commerce platform that caters to a diverse clientele. This omnichannel approach enables the company to leverage both physical and digital touchpoints, ensuring that it reaches consumers wherever they prefer to shop. At the heart of Douglas's business model lies its ability to blend traditional retail practices with innovative digital strategies. The company thrives by offering exclusive products, personalized beauty advice, and a memorable shopping experience, both online and in-store. It makes money through direct sales of a wide array of beauty products, but also invests heavily in its own brand lines, which often yield higher margins. Additionally, Douglas captures value by engaging customers through loyalty programs, enhancing customer retention and driving repetitive business. This combination of strategic retailing and a customer-first mentality has solidified its position as a leader in the competitive beauty market, enabling continuous growth and adaptation in an ever-evolving industry landscape.

View DOU Analysis

DOU Intrinsic Value

Undervaluation 64%

Intrinsic Value

Price

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Douglas AG
XETRA:DOU

Peer Comparison

Market Distribution

Other Profitability Ratios

Douglas AG
Glance View

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Douglas AG XETRA:DOU