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SDI

ASX:SDI
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SDI
ASX
A$100M
Market Cap
  1. Home
  2. AU
  3. Healthcare
Company description

SDI Limited engages in the research and development, manufacture, and distribution of dental restorative materials, whitening systems, other dental materials in Australia, Europe, the United States, and Brazil. The last earnings update was 34 days ago. More info.


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  • SDI has significant price volatility in the past 3 months.
SDI Share Price and Events
7 Day Returns
9.4%
ASX:SDI
1.1%
AU Medical Equipment
0.3%
AU Market
1 Year Returns
62%
ASX:SDI
-6.7%
AU Medical Equipment
2.5%
AU Market
SDI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SDI (SDI) 9.4% 7.4% 32.6% 62% 68.3% 54.9%
AU Medical Equipment 1.1% -4.5% 8.1% -6.7% 44.8% 99.2%
AU Market 0.3% 1.5% 10.2% 2.5% 18.6% 6.2%
1 Year Return vs Industry and Market
  • SDI outperformed the Medical Equipment industry which returned -6.7% over the past year.
  • SDI outperformed the Market in Australia which returned 2.5% over the past year.
Price Volatility
SDI
Industry
5yr Volatility vs Market

SDI Value

 Is SDI undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SDI to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SDI.

ASX:SDI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SDI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Medical Equipment Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 30%) (0%))
0.955
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.955 * 5.96%)
8%

Discounted Cash Flow Calculation for ASX:SDI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SDI is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SDI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8%)
2019 2.58 Est @ -42.96% 2.39
2020 1.82 Est @ -29.38% 1.56
2021 1.46 Est @ -19.87% 1.16
2022 1.27 Est @ -13.22% 0.93
2023 1.16 Est @ -8.56% 0.79
2024 1.10 Est @ -5.3% 0.69
2025 1.06 Est @ -3.01% 0.62
2026 1.05 Est @ -1.42% 0.57
2027 1.05 Est @ -0.3% 0.52
2028 1.05 Est @ 0.49% 0.49
Present value of next 10 years cash flows A$9.72
ASX:SDI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$1.05 × (1 + 2.31%) ÷ (8% – 2.31%)
A$18.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$18.91 ÷ (1 + 8%)10
A$8.76
ASX:SDI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$9.72 + A$8.76
A$18.48
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$18.48 / 118.87
A$0.16
ASX:SDI Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.16
Current discount Discount to share price of A$0.88
= -1 x (A$0.88 - A$0.16) / A$0.16
-462.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SDI is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SDI's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SDI's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SDI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.06
ASX:SDI Share Price ** ASX (2019-03-20) in AUD A$0.88
Australia Medical Equipment Industry PE Ratio Median Figure of 8 Publicly-Listed Medical Equipment Companies 26.89x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SDI.

ASX:SDI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SDI Share Price ÷ EPS (both in AUD)

= 0.88 ÷ 0.06

13.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SDI is good value based on earnings compared to the AU Medical Equipment industry average.
  • SDI is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does SDI's expected growth come at a high price?
Raw Data
ASX:SDI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
7.1%per year
Global Medical Equipment Industry PEG Ratio Median Figure of 105 Publicly-Listed Medical Equipment Companies 2.44x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SDI, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SDI's assets?
Raw Data
ASX:SDI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.60
ASX:SDI Share Price * ASX (2019-03-20) in AUD A$0.88
Australia Medical Equipment Industry PB Ratio Median Figure of 30 Publicly-Listed Medical Equipment Companies 2.52x
Australia Market PB Ratio Median Figure of 1,669 Publicly-Listed Companies 1.68x
ASX:SDI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SDI Share Price ÷ Book Value per Share (both in AUD)

= 0.88 ÷ 0.60

1.46x

* Primary Listing of SDI.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SDI is good value based on assets compared to the AU Medical Equipment industry average.
X
Value checks
We assess SDI's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Medical Equipment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Medical Equipment industry average (and greater than 0)? (1 check)
  5. SDI has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SDI Future Performance

 How is SDI expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover SDI, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SDI expected to grow at an attractive rate?
  • SDI's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • SDI's earnings growth is expected to exceed the Australia market average.
  • Unable to compare SDI's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SDI Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SDI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 7.1%
Australia Medical Equipment Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Australia Medical Equipment Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.5%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SDI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SDI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 78 10 8
2018-09-30 76 11 7
2018-06-30 75 11 6
2018-03-31 74 12 5
2017-12-31 73 14 5
2017-09-30 74 11 5
2017-06-30 74 9 6
2017-03-31 74 9 6
2016-12-31 74 9 7
2016-09-30 74 9 7
2016-06-30 74 9 8
2016-03-31 73 8 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SDI's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if SDI is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SDI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SDI Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SDI Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.05
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.05
2017-03-31 0.05
2016-12-31 0.06
2016-09-30 0.06
2016-06-30 0.06
2016-03-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SDI will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SDI's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SDI has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SDI Past Performance

  How has SDI performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SDI's growth in the last year to its industry (Medical Equipment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SDI's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • SDI's 1-year earnings growth exceeds its 5-year average (62.3% vs -0.2%)
  • SDI's earnings growth has not exceeded the AU Medical Equipment industry average in the past year (62.3% vs 62.3%).
Earnings and Revenue History
SDI's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SDI Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SDI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 78.01 7.64 35.18 1.29
2018-09-30 76.27 6.65 34.71 1.27
2018-06-30 74.54 5.66 34.23 1.25
2018-03-31 73.93 5.18 33.71 1.17
2017-12-31 73.33 4.71 33.19 1.09
2017-09-30 73.70 5.14 33.01 1.00
2017-06-30 74.07 5.58 32.83 0.92
2017-03-31 73.92 6.08 32.70 0.83
2016-12-31 73.78 6.58 32.57 0.74
2016-09-30 73.93 7.07 32.61 0.71
2016-06-30 74.08 7.57 32.64 0.68
2016-03-31 72.89 7.02 31.78 0.70
2015-12-31 71.70 6.47 30.92 0.71
2015-09-30 70.18 6.34 29.96 0.63
2015-06-30 68.66 6.20 29.00 0.55
2015-03-31 67.77 6.35 29.22 0.50
2014-12-31 66.89 6.50 29.44 0.44
2014-09-30 66.11 6.48 28.99 0.43
2014-06-30 65.33 6.47 28.55 0.42
2014-03-31 62.62 5.81 27.03 0.67
2013-12-31 59.92 5.15 25.52 0.92
2013-09-30 58.26 4.92 24.50 0.93
2013-06-30 56.61 4.69 23.48 0.93
2013-03-31 56.42 4.29 23.49 0.71
2012-12-31 56.24 3.90 23.51 0.48
2012-09-30 56.32 2.93 23.79 0.52
2012-06-30 56.40 1.97 24.08 0.55
2012-03-31 55.48 1.52 24.32 0.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SDI has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SDI used its assets more efficiently than the AU Medical Equipment industry average last year based on Return on Assets.
  • SDI's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SDI's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Medical Equipment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SDI has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SDI Health

 How is SDI's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SDI's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SDI is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SDI's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SDI's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • SDI has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SDI Company Filings, last reported 2 months ago.

ASX:SDI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 71.46 0.00 6.07
2018-09-30 71.46 0.00 6.07
2018-06-30 69.55 2.21 8.25
2018-03-31 69.55 2.21 8.25
2017-12-31 66.15 4.40 8.08
2017-09-30 66.15 4.40 8.08
2017-06-30 66.34 4.14 5.75
2017-03-31 66.34 4.14 5.75
2016-12-31 64.59 5.37 3.67
2016-09-30 64.59 5.37 3.67
2016-06-30 63.78 5.73 6.00
2016-03-31 63.78 5.73 6.00
2015-12-31 59.48 7.32 3.59
2015-09-30 59.48 7.32 3.59
2015-06-30 58.09 7.11 5.04
2015-03-31 58.09 7.11 5.04
2014-12-31 55.05 8.55 2.92
2014-09-30 55.05 8.55 2.92
2014-06-30 52.08 8.52 3.99
2014-03-31 52.08 8.52 3.99
2013-12-31 50.29 9.24 2.57
2013-09-30 50.29 9.24 2.57
2013-06-30 45.98 10.06 3.68
2013-03-31 45.98 10.06 3.68
2012-12-31 44.55 10.76 0.95
2012-09-30 44.55 10.76 0.95
2012-06-30 42.41 10.68 2.72
2012-03-31 42.41 10.68 2.72
  • SDI has no debt.
  • SDI has no debt compared to 5 years ago when it was 18.4%.
  • SDI has no debt, it does not need to be covered by operating cash flow.
  • SDI has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess SDI's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SDI has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SDI Dividends

 What is SDI's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.97%
Current annual income from SDI dividends.
If you bought A$2,000 of SDI shares you are expected to receive A$59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SDI's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.61%).
  • SDI's dividend is below the markets top 25% of dividend payers in Australia (5.71%).
Upcoming dividend payment

Purchase SDI on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SDI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Oceania Medical Equipment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SDI Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.026 3.148
2018-08-20 0.025 4.066
2018-02-15 0.024 4.479
2017-08-24 0.023 3.965
2017-02-23 0.022 3.731
2016-08-29 0.020 2.438
2015-08-28 0.014 2.460
2014-09-30 0.010 1.696
2014-08-25 0.010 1.662
2014-02-26 0.004 0.741
2013-09-30 0.005 0.800
2013-08-26 0.005 0.749
2012-10-02 0.003 0.724
2012-08-27 0.003 1.530
2011-08-29 0.002 1.562
2010-08-25 0.004 2.093
2009-08-25 0.003 1.233
2009-03-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SDI's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SDI's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SDI afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SDI has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SDI Management

 What is the CEO of SDI's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Samantha Cheetham
COMPENSATION A$520,501
AGE 49
TENURE AS CEO 2.7 years
CEO Bio

Ms Samantha Jane Cheetham, B.Bus. (Banking and Finance), M.B.A. has been Chief Executive Officer and Managing Director of SDI Limited since July 1, 2016. Ms. Cheetham served as Joint Chief Executive Officer and Joint Managing Director at SDI Limited since July 2015 until July 1, 2016. She served as Director of sales and marketing of SDI Ltd. until July 2015. She was responsible for the marketing and sales activities of SDI's group of companies. She served as Vice President of sales and Marketing at southern Dental Industries Inc. USA. Ms. Cheetham has an extensive experience in sales and marketing in Australia and Overseas. She has been a Director of SDI Ltd. since December 17, 1999.

CEO Compensation
  • Samantha's compensation has been consistent with company performance over the past year.
  • Samantha's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the SDI management team in years:

3
Average Tenure
63
Average Age
  • The tenure for the SDI management team is about average.
Management Team

Jeffery Cheetham

TITLE
Founder & Chairman
AGE
75

Samantha Cheetham

TITLE
CEO, MD & Executive Director
COMPENSATION
A$521K
AGE
49
TENURE
2.7 yrs

John Slaviero

TITLE
CFO, COO
COMPENSATION
A$467K
AGE
63

Pamela Cheetham

TITLE
Co-Founder
AGE
72

Joshua Cheetham

TITLE
Chief Technology Officer
TENURE
3 yrs

Nicholas Cheetham

TITLE
Chief Information Officer and Operations & IT Director
COMPENSATION
A$347K
AGE
45

Ray Cahill

TITLE
Chief Quality & Compliance Officer
COMPENSATION
A$231K

Tom Cheetham

TITLE
Sales Manager of Australia
COMPENSATION
A$106K
TENURE
7.7 yrs
Board of Directors Tenure

Average tenure and age of the SDI board of directors in years:

5.5
Average Tenure
69
Average Age
  • The tenure for the SDI board of directors is about average.
Board of Directors

Jeffery Cheetham

TITLE
Founder & Chairman
AGE
75
TENURE
5.4 yrs

Samantha Cheetham

TITLE
CEO, MD & Executive Director
COMPENSATION
A$521K
AGE
49
TENURE
19.3 yrs

John Slaviero

TITLE
CFO, COO
COMPENSATION
A$467K
AGE
63
TENURE
5.4 yrs

Pamela Cheetham

TITLE
Co-Founder
AGE
72
TENURE
24.6 yrs

Gerald Bullon

TITLE
Non-Executive Director
COMPENSATION
A$70K
AGE
71
TENURE
5.6 yrs

Geoffrey Knight

TITLE
Non-Executive Director
COMPENSATION
A$60K
AGE
72
TENURE
5.6 yrs

Cameron Allen

TITLE
Non-Executive Director
COMPENSATION
A$70K
AGE
53
TENURE
5.4 yrs

Gerard Kennedy

TITLE
Non-Executive Director
COMPENSATION
A$60K
AGE
67
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SDI insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
22. Feb 19 Buy Gerard Kennedy Individual 19. Feb 19 19. Feb 19 10,000 A$0.83 A$8,300
22. Feb 19 Buy Gerald Bullon Individual 18. Feb 19 18. Feb 19 27,284 A$0.88 A$23,873
16. Nov 18 Buy Gerard Kennedy Individual 09. Nov 18 09. Nov 18 7,000 A$0.59 A$4,130
24. Aug 18 Buy Gerald Bullon Individual 24. Aug 18 24. Aug 18 20,000 A$0.59 A$11,751
24. Aug 18 Buy Gerard Kennedy Individual 23. Aug 18 23. Aug 18 25,000 A$0.59 A$14,875
X
Management checks
We assess SDI's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SDI has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SDI News

Simply Wall St News

The SDI (ASX:SDI) Share Price Has Gained 49% And Shareholders Are Hoping For More

For example, the SDI Limited (ASX:SDI) share price is up 49% in the last three years, clearly besting than the market return of around 22% (not including dividends). … SDI was able to grow its EPS at 5.7% per year over three years, sending the share price higher. … In comparison, the 14% per year gain in the share price outpaces the EPS growth.

Simply Wall St -

Is SDI Limited's (ASX:SDI) Balance Sheet A Threat To Its Future?

SDI Limited (ASX:SDI), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Does SDI's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand SDI Limited (ASX:SDI)

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … SDI has a price to earnings ratio of 15.01, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

Should You Be Concerned About SDI Limited's (ASX:SDI) ROE?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows SDI has a return on equity of 8.1% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In SDI Limited (ASX:SDI)

Therefore, looking at how efficiently SDI is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE). … What is Return on Capital Employed (ROCE)?

Simply Wall St -

How Has SDI Limited's (ASX:SDI) Performed Against The Industry?

After reading SDI Limited's (ASX:SDI) most recent earnings announcement (30 June 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Commentary On SDI's Past Performance. … SDI's trailing twelve-month earnings (from 30 June 2018) of AU$5.7m has

Simply Wall St -

Here's What SDI Limited's (ASX:SDI) P/E Ratio Is Telling Us

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … SDI has a price to earnings ratio of 12.28, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

SDI Limited (ASX:SDI): A Look At Return On Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Your return is tied to SDI’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand SDI’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What Do You Get For Owning SDI Limited (ASX:SDI)?

Thus, to understand how your money can grow by investing in SDI, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … SDI doesn't return an attractive amount on capital, but this will only continue if the company is unable to increase earnings or decrease current capital requirements. … In this time, earnings have fallen from AU$8.39M to AU$6.91M and capital employed has increased due to an increase in total assets and a smaller reliance on current liabilities (less borrowing to fund operations) , which means the company's ROCE has shrunk as a result of falling earnings and simultaneous increases in capital requirements.

Simply Wall St -

Should You Be Concerned With SDI Limited's (ASX:SDI) -28.46% Earnings Drop?

When SDI Limited (ASX:SDI) announced its most recent earnings (31 December 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … I like to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For SDI, its most recent earnings (trailing twelve month) is AU$4.71M, which, against the prior year's figure, has dropped by -28.46%.

Simply Wall St -

SDI Company Info

Description

SDI Limited engages in the research and development, manufacture, and distribution of dental restorative materials, whitening systems, other dental materials in Australia, Europe, the United States, and Brazil. It offers alloys, adhesives, etchants, composites, glass ionomers, sealants, cements, tooth desensitizing agent and cavity cleansers, and tooth whitening products, as well as various equipment; and composite and glass ionomer accessories. The company serves dental distributors, dental dealers, and dentists. SDI Limited was founded in 1972 and is headquartered in Bayswater, Australia.

Details
Name: SDI Limited
SDI
Exchange: ASX
Founded: 1972
A$99,847,045
118,865,530
Website: http://www.sdi.com.au
Address: SDI Limited
3-15 Brunsdon Street,
Bayswater,
Victoria, 3153,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SDI Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
CHIA SDI Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
SDI employees.
Industry
Health Care Supplies
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 10:32
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.