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DRA

DRA GlobalASX:DRA Stock Report

Market Cap

AU$197.3m

7D

3.4%

1Y

n/a

Updated

15 Oct, 2021

Data

Company Financials
DRA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

DRA Overview

DRA Global Limited operates as a diversified engineering, project management, and operations management company in the mining services sector worldwide.

Rewards

Trading at 75.5% below our estimate of its fair value

Risk Analysis

No risks detected for DRA from our risk checks.

DRA Global Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DRA Global
Historical stock prices
Current Share PriceAU$3.64
52 Week HighAU$3.20
52 Week LowAU$4.69
Beta0
1 Month Change-1.62%
3 Month Change-17.27%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-9.00%

Recent News & Updates

Shareholder Returns

DRAAU ConstructionAU Market
7D3.4%0.9%0.9%
1Yn/a1.7%20.2%

Return vs Industry: Insufficient data to determine how DRA performed against the Australian Construction industry.

Return vs Market: Insufficient data to determine how DRA performed against the Australian Market.

Price Volatility

Is DRA's price volatile compared to industry and market?
DRA volatility
DRA Beta0
Industry Beta0.99
Market Beta1

Stable Share Price: DRA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: Insufficient data to determine DRA's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19844,500Andrew Naudehttps://www.draglobal.com

DRA Global Limited operates as a diversified engineering, project management, and operations management company in the mining services sector worldwide. It offers project development services, such as concept development, preliminary economic assessment, feasibility studies, and front-end engineering design; and project delivery and execution services, including engineering design, project management, procurement, construction management, and commissioning. The company also provides operations and maintenance services comprising operational readiness, asset integrity management, maintenance, process optimization, outsourced operations and maintenance, and systems; and advisory services, such as technical specialists, early-stage project development, project economics, remote consulting, and support and optimization.

DRA Global Fundamentals Summary

How do DRA Global's earnings and revenue compare to its market cap?
DRA fundamental statistics
Market CapAU$197.31m
Earnings (TTM)AU$25.14m
Revenue (TTM)AU$1.08b

7.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRA income statement (TTM)
RevenueAU$1.08b
Cost of RevenueAU$877.58m
Gross ProfitAU$197.73m
ExpensesAU$172.59m
EarningsAU$25.14m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.46
Gross Margin18.39%
Net Profit Margin2.34%
Debt/Equity Ratio1.5%

How did DRA perform over the long term?

See historical performance and comparison

Valuation

Is DRA Global undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DRA (A$3.64) is trading below our estimate of fair value (A$14.83)

Significantly Below Fair Value: DRA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DRA is good value based on its PE Ratio (7.8x) compared to the Australian Construction industry average (16.1x).

PE vs Market: DRA is good value based on its PE Ratio (7.8x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DRA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DRA is good value based on its PB Ratio (0.9x) compared to the AU Construction industry average (2x).


Future Growth

How is DRA Global forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

29.1%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DRA Global has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has DRA Global performed over the past 5 years?

25.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRA has high quality earnings.

Growing Profit Margin: DRA's current net profit margins (2.3%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: DRA's earnings have grown significantly by 25.6% per year over the past 5 years.

Accelerating Growth: DRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DRA had negative earnings growth (-14.9%) over the past year, making it difficult to compare to the Construction industry average (25%).


Return on Equity

High ROE: DRA's Return on Equity (12.5%) is considered low.


Financial Health

How is DRA Global's financial position?


Financial Position Analysis

Short Term Liabilities: DRA's short term assets (A$372.0M) exceed its short term liabilities (A$366.7M).

Long Term Liabilities: DRA's short term assets (A$372.0M) exceed its long term liabilities (A$37.4M).


Debt to Equity History and Analysis

Debt Level: DRA's debt to equity ratio (1.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DRA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DRA's debt is well covered by operating cash flow (1761%).

Interest Coverage: DRA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is DRA Global current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DRA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DRA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DRA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DRA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DRA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Andrew Naude

2.25yrs

Tenure

AU$1,723,379

Compensation

Mr. Andrew James Naude has been Managing Director and Group Chief Executive Officer of DRA Global Limited since July 15, 2019 and serves as its Executive Director. He joined DRA since 2013. He is a Charter...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD1.28M) is above average for companies of similar size in the Australian market ($USD300.24K).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: DRA's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: DRA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: DRA only recently listed within the past 12 months.


Top Shareholders

Company Information

DRA Global Limited's employee growth, exchange listings and data sources


Key Information

  • Name: DRA Global Limited
  • Ticker: DRA
  • Exchange: ASX
  • Founded: 1984
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: AU$197.307m
  • Shares outstanding: 54.21m
  • Website: https://www.draglobal.com

Number of Employees


Location

  • DRA Global Limited
  • 256 Adelaide Terrace
  • Level 8
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 07:02
End of Day Share Price2021/10/11 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.