DPC Holdings PLC (trading as Doncasters) is a specialized industrial manufacturer that produces highly engineered engine components and advanced superalloys for extreme operating environments. The company's core expertise lies in the investment casting of high-performance nickel- and cobalt-based superalloys, manufacturing "can't fail" parts for the hot zones of engines, including turbine blades, vanes, structural castings, and turbocharger wheels. Doncasters operates through three primary business segments: Engine Products-North America, Engine Products-Europe, and Turbo Wheels. Revenue is diversified across three main end markets: Industrial Gas Turbines (42% of 2025 revenue), Aerospace (35%), and automotive/transportation (23%). The company operates 14 principal manufacturing facilities across the United Kingdom, Europe, North America, and Mexico. Its customer base includes major blue-chip OEMs such as GE Aerospace, Honeywell, Pratt & Whitney, Rolls-Royce, and Siemens Energy. A significant competitive advantage is its vertically integrated supply chain, which includes in-house superalloy production, and the fact that approximately 70% of its revenue is secured under long-term agreements. Originally founded in 1778 in Sheffield, UK, the business has evolved from a file-making and steel forging operation into a critical supplier for modern aerospace and industrial power generation platforms.
Gross margin measures the amount of revenue that remains after subtracting costs directly associated with production.
The EBITDA margin is a measure of a company's operating profit desconsidering D&A costs as a percentage of its revenue.
The EBIT margin is a measure of a company's operating profit considering D&A costs as a percentage of its revenue.
The net profit margin, or simply net margin, measures how much net income or profit is generated as a percentage of revenue. It is the ratio of net profits to revenues for a company or business segment.
Many companies have a high D&A in relation to the company's operating profit (EBITDA) and although this indicator does not have an effective cash effect, it ends up influencing the accounting net income, so analyzing this relationship can help to understand when D&A has a relevant impact to the company's results.
Shows the amount spent on investments in research and development in relation to the Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Shows the amount spent on investments in Capex in relation to Net Revenue for the period. The company can use these investments to try to increase its revenue in the future.
Indicates a comparison between investments in fixed/intangible assets and the depreciation and amortization of some company assets. It serves to let managers know that the company's assets are devaluing periodically, and whether CAPEX has followed the same pace or not.
It shows the percentage of operating cash flow that the company uses in Capex (investments in fixed and intangible assets). When your result is greater than 100%, it demonstrates that there are expenses greater than what the company produces in its operations.
It demonstrates the percentage cost of Stock-Based Compensation compared to the company's operating cash flow. In some companies, the OCF is positive because of the SBC, which can lead to an incorrect cash flow analysis.
If the company has a lot of D&A, it helps to see if most of it tends to come from fixed assets. The account can include machinery, equipment, vehicles, buildings, land, office equipment, and furnishings, among other things.
If the company has a lot of D&A, it helps to see if most of it tends to come from Goodwill, that is an intangible asset that accounts for the excess purchase price of another company.
Return on equity (ROE) is the measure of a company's net income divided by its shareholders' equity and is a gauge of a corporation's profitability and how efficiently it generates those profits.
Return on invested capital (ROIC) is a calculation used to assess a company's efficiency in allocating capital to profitable investments. The formula for calculating ROIC involves dividing Net Income by the average of invested capital.
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