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DDH

DDH1ASX:DDH Stock Report

Market Cap

AU$378.9m

7D

-1.7%

1Y

n/a

Updated

22 Oct, 2021

Data

Company Financials +
DDH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends2/6

DDH Overview

DDH1 Limited provides specialized drilling services for the exploration, mining, and energy industries in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for DDH1
Historical stock prices
Current Share PriceAU$1.16
52 Week HighAU$0.81
52 Week LowAU$1.30
Beta0
1 Month Change-6.83%
3 Month Change-4.53%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO33.33%

Recent News & Updates

Sep 02
Robust Earnings May Not Tell The Whole Story For DDH1 (ASX:DDH)

Robust Earnings May Not Tell The Whole Story For DDH1 (ASX:DDH)

DDH1 Limited ( ASX:DDH ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...

Shareholder Returns

DDHAU Metals and MiningAU Market
7D-1.7%-0.3%0.7%
1Yn/a12.5%21.4%

Return vs Industry: Insufficient data to determine how DDH performed against the Australian Metals and Mining industry.

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

Price Volatility

Is DDH's price volatile compared to industry and market?
DDH volatility
DDH Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: DDH is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DDH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006997Sy van Dykhttps://ddh1drilling.com.au

DDH1 Limited provides specialized drilling services for the exploration, mining, and energy industries in Australia. It offers diamond core drilling services for near-mine exploration, mine development, and production drilling activities of gold, nickel, copper, zinc, and other metals; reverse circulation and air core drilling services for earlier stage exploration drilling activities; and reverse circulation drilling services to the iron ore industry. The company was founded in 2006 and is headquartered in Canning Vale, Australia.

DDH1 Fundamentals Summary

How do DDH1's earnings and revenue compare to its market cap?
DDH fundamental statistics
Market CapAU$378.87m
Earnings (TTM)AU$57.19m
Revenue (TTM)AU$294.61m

6.7x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DDH income statement (TTM)
RevenueAU$294.61m
Cost of RevenueAU$171.23m
Gross ProfitAU$123.37m
ExpensesAU$66.19m
EarningsAU$57.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin41.88%
Net Profit Margin19.41%
Debt/Equity Ratio0%

How did DDH perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is DDH1 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: DDH (A$1.16) is trading below our estimate of fair value (A$3.57)

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


Price To Earnings Ratio

PE vs Industry: DDH is good value based on its PE Ratio (6.7x) compared to the Australian Metals and Mining industry average (14.3x).

PE vs Market: DDH is good value based on its PE Ratio (6.7x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: DDH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DDH is good value based on its PB Ratio (1.6x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is DDH1 forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DDH's earnings are forecast to decline over the next 3 years (-3.4% per year).

Earnings vs Market: DDH's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: DDH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DDH's revenue (9.9% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: DDH's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DDH's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has DDH1 performed over the past 5 years?

132.1%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DDH has a high level of non-cash earnings.

Growing Profit Margin: DDH's current net profit margins (19.4%) are higher than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DDH's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare DDH's past year earnings growth to its 5-year average.

Earnings vs Industry: DDH earnings growth over the past year (132.1%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: DDH's Return on Equity (24.5%) is considered high.


Financial Health

How is DDH1's financial position?


Financial Position Analysis

Short Term Liabilities: DDH's short term assets (A$101.9M) exceed its short term liabilities (A$40.4M).

Long Term Liabilities: DDH's short term assets (A$101.9M) exceed its long term liabilities (A$7.2M).


Debt to Equity History and Analysis

Debt Level: DDH is debt free.

Reducing Debt: DDH had no debt 5 years ago.

Debt Coverage: DDH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DDH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is DDH1 current dividend yield, its reliability and sustainability?

1.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DDH's dividend (1.88%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: DDH's dividend (1.88%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DDH's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DDH's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.7%), DDH's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DDH's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).


Next Steps

Management

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

AU$1m

CEO Compensation


CEO

Sy van Dyk

no data

Tenure

AU$1,273,985

Compensation

Mr. Sybrandt Jacobus van Dyk, also known Sy, is CEO of DDH1 Group and DDH1 Drilling Pty Ltd. He serves as Chief Executive Officer, Managing Director and Director at DDH1 Limited since February 8, 2021. He...


CEO Compensation Analysis

Compensation vs Market: Sy's total compensation ($USD954.08K) is above average for companies of similar size in the Australian market ($USD559.78K).

Compensation vs Earnings: Sy's compensation has increased by more than 20% in the past year.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

DDH1 Limited's employee growth, exchange listings and data sources


Key Information

  • Name: DDH1 Limited
  • Ticker: DDH
  • Exchange: ASX
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$378.873m
  • Shares outstanding: 329.46m
  • Website: https://ddh1drilling.com.au

Number of Employees


Location

  • DDH1 Limited
  • 21 Baile Road
  • Canning Vale
  • Western Australia
  • 6155
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:04
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.