SciDev (ASX:SDV) - Share price, News & Analysis

SDV fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

SDV Stock Overview

SciDev Limited engages in supply of process control, professional services, equipment design and construction, and chemistry in Australia and the United States.

Rewards

Earnings are forecast to grow 83.41% per year

Became profitable this year

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$45M)

SciDev Competitors

SECOS Group

ASX:SES

AU$85.4m

Zoono Group

ASX:ZNO

AU$33.3m

Bulletin Resources

ASX:BNR

AU$47.9m

Pathfinder Resources

ASX:PF1

AU$29.0m

Price History & Performance

Summary of all time highs, changes and price drops for SciDev
Historical stock prices
Current Share Price	AU$0.24
52 Week High	AU$0.97
52 Week Low	AU$0.23
Beta	1.32
1 Month Change	-40.00%
3 Month Change	-50.00%
1 Year Change	-68.63%
3 Year Change	152.63%
5 Year Change	118.18%
Change since IPO	-98.80%

Recent News & Updates

Feb 02

Investors Will Want SciDev's (ASX:SDV) Growth In ROCE To Persist

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Shareholder Returns

	SDV	AU Chemicals	AU Market
7D	2.1%	-7.9%	-1.2%
1Y	-68.6%	25.5%	-0.009%

Return vs Industry: SDV underperformed the Australian Chemicals industry which returned 25.5% over the past year.

Return vs Market: SDV underperformed the Australian Market which returned -0% over the past year.

Price Volatility

Is SDV's price volatile compared to industry and market?
SDV volatility
SDV Average Weekly Movement	12.1%
Chemicals Industry Average Movement	11.5%
Market Average Movement	9.3%
10% most volatile stocks in AU Market	16.3%
10% least volatile stocks in AU Market	4.2%

Stable Share Price: SDV is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SDV's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1973	n/a	Sean Halpin	https://www.scidev.com.au

SciDev Limited engages in supply of process control, professional services, equipment design and construction, and chemistry in Australia and the United States. It offers coagulants and flocculants in powder and liquid form under the MaxiFlox and MaxiDry name; engineering and process control under the OptiFlox name; friction reducer; and dynamic shears for water and wastewater treatment, mining and minerals processing, oil and gas, construction, food processing, dairy, industrial and manufacturing, power generation, personal products and cosmetics manufacturing, paper and cardboard manufacturing, and paint manufacturing. The company was formerly known as Intec Limited and changed its name to SciDev Limited in March 2017.

SciDev Fundamentals Summary

How do SciDev's earnings and revenue compare to its market cap?
SDV fundamental statistics
Market Cap	AU$45.09m
Earnings (TTM)	AU$727.97k
Revenue (TTM)	AU$48.33m

62.0x

P/E Ratio

0.9x

P/S Ratio

Is SDV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SDV income statement (TTM)
Revenue	AU$48.33m
Cost of Revenue	AU$37.73m
Gross Profit	AU$10.60m
Other Expenses	AU$9.87m
Earnings	AU$727.97k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.0039
Gross Margin	21.94%
Net Profit Margin	1.51%
Debt/Equity Ratio	0%

How did SDV perform over the long term?

See historical performance and comparison

New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is SciDev forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

83.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDV's forecast earnings growth (83.4% per year) is above the savings rate (1.8%).

Earnings vs Market: SDV's earnings (83.4% per year) are forecast to grow faster than the Australian market (5.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SDV's revenue (25.7% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: SDV's revenue (25.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SDV's Return on Equity is forecast to be low in 3 years time (5.7%).

Past Performance

How has SciDev performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

31.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SDV has high quality earnings.

Growing Profit Margin: SDV became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SDV has become profitable over the past 5 years, growing earnings by 31.9% per year.

Accelerating Growth: SDV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SDV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (-46.9%).

Return on Equity

High ROE: SDV's Return on Equity (1.6%) is considered low.

Financial Health

How is SciDev's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: SDV's short term assets (A$32.1M) exceed its short term liabilities (A$17.5M).

Long Term Liabilities: SDV's short term assets (A$32.1M) exceed its long term liabilities (A$4.8M).

Debt to Equity History and Analysis

Debt Level: SDV is debt free.

Reducing Debt: SDV has no debt compared to 5 years ago when its debt to equity ratio was 12.2%.

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

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

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.39%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate SDV'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 SDV's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SDV has not reported any payouts.

Discover strong dividend paying companies

Management

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

0.4yrs

Average management tenure

CEO

Sean Halpin

0.083

Tenure

Sean Halpin serves as Interim Chief Executive Officer of SciDev Limited since April 2022 and served as its Commercial Director of Water Services until April 2022.

Leadership Team

Experienced Management: SDV's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.

Board Members

Experienced Board: SDV's board of directors are not considered experienced ( 2.1 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30