Cardno Valuation

Q: What is the Fair Price of CDD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CDD (A$0.19) is trading below our estimate of [[fair value]] (A$5.91)

Is CDD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CDD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CDD (A$0.19) is trading below our estimate of fair value (A$5.91)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CDD?

Key metric: As CDD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CDD. This is calculated by dividing CDD's market cap by their current earnings.
What is CDD's PE Ratio?
PE Ratio	1x
Earnings	AU$7.54m
Market Cap	AU$7.23m

CDD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.07x
Enterprise Value/EBITDA	0.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does CDD's PE Ratio compare to its peers?

The above table shows the PE ratio for CDD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	45.4x
CLG Close the Loop	10.9x	14.7%	AU$119.7m
ARA Ariadne Australia	58.5x	n/a	AU$91.9m
SPZ Smart Parking	84.5x	30.1%	AU$311.6m
AVD AVADA Group	27.5x	n/a	AU$41.6m
CDD Cardno	1x	n/a	AU$7.2m

Price-To-Earnings vs Peers: CDD is good value based on its Price-To-Earnings Ratio (1x) compared to the peer average (45.4x).

Price to Earnings Ratio vs Industry

How does CDD's PE Ratio compare vs other companies in the Global Commercial Services Industry?

20 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	17.4x	11.3%
CDD Cardno	1x	n/a	US$4.70m

20 Companies		Estimated Growth	Market Cap
Industry Avg.	17.4x	11.3%
CDD Cardno	1x	n/a	US$4.70m

No more companies

Price-To-Earnings vs Industry: CDD is good value based on its Price-To-Earnings Ratio (1x) compared to the Global Commercial Services industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is CDD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CDD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CDD's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.