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DIA’s share price has been in steady decline since the Company issued a profit warning in October 2018. At the time it was evident DIA was poorly managed, and this was increasingly affecting the operational and financial performance of the business. There were also ongoing concerns regarding internal governance for a number of reasons including high turnover of management and the Board of Directors, sanctioned shareholders and a general lack of transparency.

DIA is improving as a business,
but the valuation is not

In the last couple of years there have been significant improvements to the business and DIA is finally in a position of strength. It is in the process of disposing of all non-core assets and loss-making businesses and yet despite recent operational and financial improvements, the market does not recognise DIA’s value.

Valuation vs Peers

In light of DIA’s turnaround, the company is converging on its competitors in terms of operational performance. However, DIA’s share price is significantly underperforming compared to its peers.

An opportunity

The valuation gap between DIA and its listed peers shows this is an opportunity for the Company and its wider stakeholders to realise value.

DIA’s share price

Learn more about the destruction of DIA’s value

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