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SDV

SciDevASX:SDV Stock Report

Last Price

AU$0.54

Market Cap

AU$101.4m

7D

-4.4%

1Y

-29.6%

Updated

22 Jan, 2022

Data

Company Financials +
SDV fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health5/6
Dividends0/6

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.

SciDev Competitors

Cleanaway Waste Management

ASX:CWY

AU$6.2b

Papyrus Australia

ASX:PPY

AU$30.3m

Price History & Performance

Summary of all time highs, changes and price drops for SciDev
Historical stock prices
Current Share PriceAU$0.54
52 Week HighAU$1.07
52 Week LowAU$0.51
Beta0.96
1 Month Change-5.26%
3 Month Change-28.48%
1 Year Change-29.64%
3 Year Change980.00%
5 Year Change170.00%
Change since IPO-97.30%

Recent News & Updates

Sep 07
SciDev's (ASX:SDV) Promising Earnings May Rest On Soft Foundations

SciDev's (ASX:SDV) Promising Earnings May Rest On Soft Foundations

Despite posting some strong earnings, the market for SciDev Limited's ( ASX:SDV ) stock hasn't moved much. Our analysis...

Shareholder Returns

SDVAU ChemicalsAU Market
7D-4.4%-0.6%-2.8%
1Y-29.6%4.9%5.8%

Return vs Industry: SDV underperformed the Australian Chemicals industry which returned 4.9% over the past year.

Return vs Market: SDV underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is SDV's price volatile compared to industry and market?
SDV volatility
SDV Average Weekly Movement7.8%
Chemicals Industry Average Movement9.1%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: SDV is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SDV's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973n/aLewis Uttinghttps://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 CapAU$101.42m
Earnings (TTM)AU$3.45m
Revenue (TTM)AU$42.52m

29.4x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SDV income statement (TTM)
RevenueAU$42.52m
Cost of RevenueAU$33.00m
Gross ProfitAU$9.53m
ExpensesAU$6.08m
EarningsAU$3.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.018
Gross Margin22.41%
Net Profit Margin8.12%
Debt/Equity Ratio0.9%

How did SDV perform over the long term?

See historical performance and comparison

Valuation

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

42.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SDV (A$0.54) is trading below our estimate of fair value (A$0.94)

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


Price To Earnings Ratio

PE vs Industry: SDV is good value based on its PE Ratio (29.4x) compared to the Australian Chemicals industry average (37x).

PE vs Market: SDV is poor value based on its PE Ratio (29.4x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: SDV is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SDV is good value based on its PB Ratio (3.2x) compared to the AU Chemicals industry average (4.2x).


Future Growth

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

33.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDV's forecast earnings growth (33.8% per year) is above the savings rate (1.9%).

Earnings vs Market: SDV's earnings (33.8% per year) are forecast to grow faster than the Australian market (11.1% per year).

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

Revenue vs Market: SDV's revenue (25.8% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: SDV's revenue (25.8% 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 (10.5%).


Past Performance

How has SciDev performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SDV has a high level of non-cash 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 21.7% 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 (-51.9%).


Return on Equity

High ROE: SDV's Return on Equity (10.9%) is considered low.


Financial Health

How is SciDev's financial position?


Financial Position Analysis

Short Term Liabilities: SDV's short term assets (A$19.3M) exceed its short term liabilities (A$16.2M).

Long Term Liabilities: SDV's short term assets (A$19.3M) exceed its long term liabilities (A$8.3M).


Debt to Equity History and Analysis

Debt Level: SDV has more cash than its total debt.

Reducing Debt: SDV's debt to equity ratio has reduced from 16.7% to 0.9% over the past 5 years.

Debt Coverage: SDV's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SDV's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


Dividend

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

1.11%

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.


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 SDV'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?

2.8yrs

Average management tenure


CEO

Lewis Utting

2.75yrs

Tenure

AU$783,993

Compensation

Mr. Lewis Edward Utting, BASc is an Executive Director at SciDev Ltd since October 29, 2018 and has been its Chief Executive Officer and Managing Director since April 30, 2019. Mr. Utting has experience in...


CEO Compensation Analysis

Compensation vs Market: Lewis's total compensation ($USD564.88K) is above average for companies of similar size in the Australian market ($USD292.62K).

Compensation vs Earnings: Lewis's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SDV's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: SDV's board of directors are not considered experienced ( 2.7 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 22.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: SciDev Limited
  • Ticker: SDV
  • Exchange: ASX
  • Founded: 1973
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Implied Market Cap: AU$101.416m
  • Shares outstanding: 187.81m
  • Website: https://www.scidev.com.au

Location

  • SciDev Limited
  • Unit 1
  • 8 Turbo Road
  • Kings Park
  • New South Wales
  • 2148
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:03
End of Day Share Price2022/01/21 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.