ASX:DDR

Stock Analysis Report

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Executive Summary

Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.

Share Price & News

How has Dicker Data's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DDR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DDR's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

4.4%

DDR

2.2%

AU Electronic

-0.3%

AU Market


1 Year Return

51.8%

DDR

35.9%

AU Electronic

-1.6%

AU Market

Return vs Industry: DDR exceeded the Australian Electronic industry which returned 36.1% over the past year.

Return vs Market: DDR exceeded the Australian Market which returned -1.8% over the past year.


Shareholder returns

DDRIndustryMarket
7 Day4.4%2.2%-0.3%
30 Day8.8%8.2%0.5%
90 Day29.4%10.5%10.1%
1 Year58.9%51.8%39.3%35.9%1.7%-1.6%
3 Year321.9%259.3%132.3%115.9%26.2%10.7%
5 Year964.4%682.9%210.5%184.1%68.7%35.5%

Long-Term Price Volatility Vs. Market

How volatile is Dicker Data's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

30.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DDR (A$10.96) is trading above our estimate of fair value (A$5.92)

Significantly Below Fair Value: DDR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DDR is poor value based on its PE Ratio (30.5x) compared to the XO Electronic industry average (29.6x).

PE vs Market: DDR is poor value based on its PE Ratio (30.5x) compared to the Australian market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: DDR is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: DDR is overvalued based on its PB Ratio (11.9x) compared to the AU Electronic industry average (4.2x).


Next Steps

Future Growth

How is Dicker Data forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DDR's forecast earnings growth (8.6% per year) is above the savings rate (2%).

Earnings vs Market: DDR's earnings (8.6% per year) are forecast to grow slower than the Australian market (18% per year).

High Growth Earnings: DDR's earnings are forecast to grow, but not significantly.

Revenue vs Market: DDR's revenue (8.3% per year) is forecast to grow faster than the Australian market (5% per year).

High Growth Revenue: DDR's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DDR's Return on Equity is forecast to be high in 3 years time (37.6%)


Next Steps

Past Performance

How has Dicker Data performed over the past 5 years?

26.3%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: DDR's current net profit margins (3.1%) are higher than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: DDR's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: DDR's earnings growth over the past year (47.9%) exceeds its 5-year average (26.3% per year).

Earnings vs Industry: DDR earnings growth over the past year (47.9%) exceeded the Electronic industry -0.9%.


Return on Equity

High ROE: DDR's Return on Equity (37.8%) is considered high.


Next Steps

Financial Health

How is Dicker Data's financial position?


Financial Position Analysis

Short Term Liabilities: DDR's short term assets (A$482.8M) exceed its short term liabilities (A$410.9M).

Long Term Liabilities: DDR's short term assets (A$482.8M) exceed its long term liabilities (A$8.1M).


Debt to Equity History and Analysis

Debt Level: DDR's debt to equity ratio (56.7%) is considered high.

Reducing Debt: DDR's debt to equity ratio has reduced from 507.6% to 56.7% over the past 5 years.

Debt Coverage: DDR's debt is well covered by operating cash flow (29%).

Interest Coverage: DDR's interest payments on its debt are well covered by EBIT (17x coverage).


Balance Sheet


Next Steps

Dividend

What is Dicker Data current dividend yield, its reliability and sustainability?

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DDR's dividend (2.55%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).

High Dividend: DDR's dividend (2.55%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).


Stability and Growth of Payments

Stable Dividend: DDR's dividend payments have been volatile in the past 10 years.

Growing Dividend: DDR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.7%), DDR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DDR's dividends in 3 years are forecast to be covered by earnings (84.7% payout ratio).


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

David Dicker

no data

Tenure

Mr. David John Dicker serves as the Chairman and Chief Executive Officer at Dicker Data Limited. Mr. Dicker is a co-founder of the Dicker Data Limited. He began his career of entrepreneur and businessman b...


Leadership Team

NamePositionTenureCompensationOwnership
David Dicker
Chairman & CEOno datano data35.29%
A$ 665.7m
Mary Stojcevski
CFO & Executive Director10.42yrsAU$1.28m0.14%
A$ 2.7m
Vladimir Mitnovetski
COO & Executive Director6.33yrsAU$2.80m0.54%
A$ 10.2m
Ian Welch
Chief Information Officer & Executive Director5.42yrsAU$996.47k0.037%
A$ 707.3k
Erin McMullen
Company Secretary2.17yrsno datano data

5.4yrs

Average Tenure

Experienced Management: DDR's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Dicker
Chairman & CEOno datano data35.29%
A$ 665.7m
Mary Stojcevski
CFO & Executive Director10.42yrsAU$1.28m0.14%
A$ 2.7m
Vladimir Mitnovetski
COO & Executive Director6.33yrsAU$2.80m0.54%
A$ 10.2m
Ian Welch
Chief Information Officer & Executive Director5.42yrsAU$996.47k0.037%
A$ 707.3k
Leanne Ralph
Independent Non-Executive Director1.08yrsAU$2.31k0.0018%
A$ 34.3k
Fiona Brown
Non-Executive Director38yrsAU$55.00k32.06%
A$ 604.8m
Christopher Aleksov
Alternate Director1.58yrsno data0.012%
A$ 226.0k

5.9yrs

Average Tenure

Experienced Board: DDR's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DDR 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 6.5%.


Top Shareholders

Company Information

Dicker Data Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dicker Data Limited
  • Ticker: DDR
  • Exchange: ASX
  • Founded: 1978
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: AU$1.887b
  • Shares outstanding: 172.13m
  • Website: https://www.dickerdata.com.au

Number of Employees


Location

  • Dicker Data Limited
  • 230 Captain Cook Drive
  • Kurnell
  • New South Wales
  • 2231
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DDRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2011
DDRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2011
D0DDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2011

Biography

Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. The company distributes a range of products of various technolog...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 07:09
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.