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DCC

DigitalXASX:DCC Stock Report

Market Cap

AU$85.1m

7D

27.8%

1Y

94.9%

Updated

26 Oct, 2021

Data

Company Financials
DCC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

DCC Overview

DigitalX Limited provides blockchain product development and digital asset funds management services in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for DigitalX
Historical stock prices
Current Share PriceAU$0.12
52 Week HighAU$0.048
52 Week LowAU$0.14
Beta3.37
1 Month Change71.64%
3 Month Change109.09%
1 Year Change94.92%
3 Year Change79.69%
5 Year Change61.97%
Change since IPO-59.65%

Recent News & Updates

Sep 07
DigitalX's (ASX:DCC) Earnings Quality Is Low

DigitalX's (ASX:DCC) Earnings Quality Is Low

DigitalX Limited's ( ASX:DCC ) weak earnings were disregarded by the market. Despite the market responding positively...

Aug 21
Calculating The Fair Value Of DigitalX Limited (ASX:DCC)

Calculating The Fair Value Of DigitalX Limited (ASX:DCC)

Does the August share price for DigitalX Limited ( ASX:DCC ) reflect what it's really worth? Today, we will estimate...

Jun 26
Companies Like DigitalX (ASX:DCC) Are In A Position To Invest In Growth

Companies Like DigitalX (ASX:DCC) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. By way of example, DigitalX...

Shareholder Returns

DCCAU SoftwareAU Market
7D27.8%2.8%0.8%
1Y94.9%33.4%24.4%

Return vs Industry: DCC exceeded the Australian Software industry which returned 33.4% over the past year.

Return vs Market: DCC exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is DCC's price volatile compared to industry and market?
DCC volatility
DCC Beta3.37
Industry Beta0.85
Market Beta1

Stable Share Price: DCC is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: DCC's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1988n/an/ahttps://www.digitalx.com

DigitalX Limited provides blockchain product development and digital asset funds management services in Australia. It operates through Blockchain Consulting and Development, and Asset Management segments. The Blockchain Consulting segment offers consulting, technical due diligence, and design and development solutions to businesses.

DigitalX Fundamentals Summary

How do DigitalX's earnings and revenue compare to its market cap?
DCC fundamental statistics
Market CapAU$85.06m
Earnings (TTM)AU$6.76m
Revenue (TTM)AU$9.99m

12.6x

P/E Ratio

8.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DCC income statement (TTM)
RevenueAU$9.99m
Cost of RevenueAU$1.41m
Gross ProfitAU$8.57m
ExpensesAU$1.81m
EarningsAU$6.76m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0091
Gross Margin85.83%
Net Profit Margin67.66%
Debt/Equity Ratio0%

How did DCC perform over the long term?

See historical performance and comparison

Valuation

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

12.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DCC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate DCC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DCC is good value based on its PE Ratio (12.6x) compared to the Australian Software industry average (45.3x).

PE vs Market: DCC is good value based on its PE Ratio (12.6x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DCC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DCC is good value based on its PB Ratio (2x) compared to the AU Software industry average (5.3x).


Future Growth

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

31.4%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DigitalX has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has DigitalX performed over the past 5 years?

11.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: DCC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DCC has become profitable over the past 5 years, growing earnings by 11.8% per year.

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

Earnings vs Industry: DCC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (37.5%).


Return on Equity

High ROE: DCC's Return on Equity (12.4%) is considered low.


Financial Health

How is DigitalX's financial position?


Financial Position Analysis

Short Term Liabilities: DCC's short term assets (A$51.4M) exceed its short term liabilities (A$3.6M).

Long Term Liabilities: DCC's short term assets (A$51.4M) exceed its long term liabilities (A$176.4K).


Debt to Equity History and Analysis

Debt Level: DCC is debt free.

Reducing Debt: DCC had no debt 5 years ago.

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

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


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if DCC'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 DCC'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?

3.5yrs

Average management tenure


CEO

DigitalX has no CEO, or we have no data on them.


Leadership Team

Experienced Management: DCC's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: DCC's board of directors are not considered experienced ( 2.3 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: DCC 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 19.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: DigitalX Limited
  • Ticker: DCC
  • Exchange: ASX
  • Founded: 1988
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$85.063m
  • Shares outstanding: 739.68m
  • Website: https://www.digitalx.com

Location

  • DigitalX Limited
  • Blockchain Centre Perth
  • Suite 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 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.