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Dicker Data

ASX:DDR
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DDR
ASX
A$865M
Market Cap
  1. Home
  2. AU
  3. Tech
Company description

Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. The last earnings update was 82 days ago. More info.


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  • Dicker Data has significant price volatility in the past 3 months.
DDR Share Price and Events
7 Day Returns
14%
ASX:DDR
3.8%
AU Electronic
2.9%
AU Market
1 Year Returns
84.3%
ASX:DDR
26.3%
AU Electronic
4.3%
AU Market
DDR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dicker Data (DDR) 14% 27.7% 72.8% 84.3% 198.9% 245.6%
AU Electronic 3.8% 8.8% 29.5% 26.3% 14% 57.2%
AU Market 2.9% 3.2% 5.5% 4.3% 21% 9.7%
1 Year Return vs Industry and Market
  • DDR outperformed the Electronic industry which returned 26.3% over the past year.
  • DDR outperformed the Market in Australia which returned 4.3% over the past year.
Price Volatility
DDR
Industry
5yr Volatility vs Market

Value

 Is Dicker Data undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dicker Data to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dicker Data.

ASX:DDR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:DDR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 30%) (12.67%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.093 * 5.96%)
8.83%

Discounted Cash Flow Calculation for ASX:DDR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dicker Data is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:DDR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.83%)
2019 5.15 Est @ -46.95% 4.73
2020 3.49 Est @ -32.17% 2.95
2021 2.73 Est @ -21.83% 2.12
2022 2.33 Est @ -14.58% 1.66
2023 2.11 Est @ -9.52% 1.38
2024 1.98 Est @ -5.97% 1.19
2025 1.91 Est @ -3.48% 1.06
2026 1.88 Est @ -1.74% 0.96
2027 1.87 Est @ -0.53% 0.87
2028 1.88 Est @ 0.32% 0.81
Present value of next 10 years cash flows A$17.72
ASX:DDR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$1.88 × (1 + 2.31%) ÷ (8.83% – 2.31%)
A$29.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$29.48 ÷ (1 + 8.83%)10
A$12.65
ASX:DDR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$17.72 + A$12.65
A$30.38
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$30.38 / 160.82
A$0.19
ASX:DDR Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.19
Current discount Discount to share price of A$5.53
= -1 x (A$5.53 - A$0.19) / A$0.19
-2827.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Dicker Data is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dicker Data's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dicker Data's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:DDR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.20
ASX:DDR Share Price ** ASX (2019-05-21) in AUD A$5.53
Australia Electronic Industry PE Ratio Median Figure of 6 Publicly-Listed Electronic Companies 18.69x
Australia Market PE Ratio Median Figure of 542 Publicly-Listed Companies 16.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dicker Data.

ASX:DDR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:DDR Share Price ÷ EPS (both in AUD)

= 5.53 ÷ 0.20

27.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dicker Data is overvalued based on earnings compared to the AU Electronic industry average.
  • Dicker Data is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Dicker Data's expected growth come at a high price?
Raw Data
ASX:DDR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-16.7%per year
Global Electronic Industry PEG Ratio Median Figure of 160 Publicly-Listed Electronic Companies 1.41x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dicker Data, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dicker Data's assets?
Raw Data
ASX:DDR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.50
ASX:DDR Share Price * ASX (2019-05-21) in AUD A$5.53
Australia Electronic Industry PB Ratio Median Figure of 26 Publicly-Listed Electronic Companies 2.11x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.65x
ASX:DDR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:DDR Share Price ÷ Book Value per Share (both in AUD)

= 5.53 ÷ 0.50

11.11x

* Primary Listing of Dicker Data.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dicker Data is overvalued based on assets compared to the AU Electronic industry average.
X
Value checks
We assess Dicker Data's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Dicker Data has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dicker Data expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Dicker Data, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dicker Data expected to grow at an attractive rate?
  • Dicker Data's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Dicker Data's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Unable to compare Dicker Data's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:DDR Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:DDR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -16.7%
Australia Electronic Industry Earnings Growth Rate Market Cap Weighted Average 27.8%
Australia Electronic Industry Revenue Growth Rate Market Cap Weighted Average 18.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:DDR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:DDR Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,493 12 32
2018-09-30 1,442 2 31
2018-06-30 1,391 -8 30
2018-03-31 1,385 30
2017-12-31 1,306 41 27
2017-09-30 1,267 46 26
2017-06-30 1,228 52 26
2017-03-31 1,196 26
2016-12-31 1,185 60 26
2016-09-30 1,159 24
2016-06-30 1,135 39 23
2016-03-31 1,079 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dicker Data's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Dicker Data is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:DDR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dicker Data Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DDR Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.20
2018-09-30 0.19
2018-06-30 0.19
2018-03-31 0.18
2017-12-31 0.17
2017-09-30 0.17
2017-06-30 0.16
2017-03-31
2016-12-31 0.16
2016-09-30 0.15
2016-06-30 0.15
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dicker Data will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dicker Data's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dicker Data has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dicker Data performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dicker Data's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dicker Data has delivered over 20% year on year earnings growth in the past 5 years.
  • Dicker Data's 1-year earnings growth is less than its 5-year average (20.5% vs 28.2%)
  • Dicker Data's earnings growth has not exceeded the Oceania Electronic industry average in the past year (20.5% vs 29.2%).
Earnings and Revenue History
Dicker Data's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dicker Data Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:DDR Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,492.97 32.47 66.96
2018-09-30 1,441.94 31.12 65.19
2018-06-30 1,390.90 29.78 63.42
2018-03-31 1,385.17 29.64 75.44
2017-12-31 1,305.84 26.94 58.96
2017-09-30 1,266.71 26.49 57.92
2017-06-30 1,227.59 26.04 56.89
2017-03-31 1,196.26 26.02 53.60
2016-12-31 1,184.56 25.62 53.60
2016-09-30 1,158.84 24.12 64.27
2016-06-30 1,134.95 22.99 50.08
2016-03-31 1,078.87 20.27 36.98
2015-12-31 1,076.77 20.50 49.10
2015-09-30 1,099.79 9.78 73.32
2015-06-30 1,029.29 11.62 48.78
2015-03-31 982.80 9.74 36.66
2014-12-31 936.30 7.86 24.54
2014-06-30 662.39 5.19 26.83
2014-03-31 562.47 7.43 21.79
2013-12-31 462.56 9.67 16.79
2013-09-30 457.02 9.46 16.30
2013-06-30 451.47 9.25 15.78
2013-03-31 449.68 8.56 14.93
2012-12-31 447.90 7.88 14.07
2012-09-30 451.60 8.08 13.44
2012-06-30 455.31 8.28 12.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Dicker Data made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Dicker Data used its assets more efficiently than the AU Electronic industry average last year based on Return on Assets.
  • Dicker Data has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dicker Data's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dicker Data has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dicker Data's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dicker Data's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dicker Data is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dicker Data's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dicker Data's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dicker Data Company Filings, last reported 4 months ago.

ASX:DDR Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 79.96 109.65 6.61
2018-09-30 79.96 109.65 6.61
2018-06-30 76.73 116.50 6.16
2018-03-31 76.73 116.50 6.16
2017-12-31 74.88 94.36 9.39
2017-09-30 74.88 94.36 9.39
2017-06-30 73.91 99.22 27.38
2017-03-31 71.80 109.10 18.50
2016-12-31 73.96 114.08 17.46
2016-09-30 73.96 114.08 17.46
2016-06-30 72.66 118.93 21.28
2016-03-31 71.83 128.83 15.84
2015-12-31 71.83 128.83 15.84
2015-09-30 71.60 128.40 5.40
2015-06-30 28.08 148.68 11.28
2015-03-31 28.08 148.68 11.28
2014-12-31 21.70 122.66 3.70
2014-06-30 20.42 118.73 18.23
2014-03-31 20.42 118.73 18.23
2013-12-31 19.05 50.33 0.14
2013-09-30 19.05 50.33 0.14
2013-06-30 20.15 63.78 0.51
2013-03-31 20.15 63.78 0.51
2012-12-31 18.05 42.50 1.91
2012-09-30 18.05 42.50 1.91
2012-06-30 18.55 47.10 0.22
  • Dicker Data's level of debt (137.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (268% vs 137.1% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess Dicker Data's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dicker Data has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.65%
Current annual income from Dicker Data dividends.
If you bought A$2,000 of Dicker Data shares you are expected to receive A$73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dicker Data's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.66%).
  • Dicker Data's dividend is below the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:DDR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Electronic Industry Average Dividend Yield Market Cap Weighted Average of 204 Stocks 2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.2%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:DDR Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-11 0.202 5.184
2018-02-28 0.168 5.731
2017-03-01 0.160 6.184
2016-02-29 0.142 7.236
2015-03-31 0.040 2.275
2015-02-27 0.040 2.448
2013-08-29 0.070 5.226
2012-09-20 0.080 11.755
2012-03-19 0.037 8.474
2012-01-03 0.037 9.901
2011-09-22 0.040 12.229
2011-03-01 0.020 8.661

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dicker Data has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Dicker Data only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Dicker Data's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dicker Data's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dicker Data afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dicker Data has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dicker Data's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Dicker
COMPENSATION A$0
CEO Bio

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 by taking over his father's steel fabrication business and successfully growing its operations over a short period. A self-trained programmer, he developed a keen interest in micro computing technologies in the 1980's and he continued to challenge his entrepreneurial ability by establishing a new microcomputer distribution company ­ Dicker Data, for which he believed there was a growing market. His role as Managing Director required focus on Dicker Data's business strategy and decision making, rather than on day-to-day operations, which were the responsibility of the co-founder Fiona Brown.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • David's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Dicker Data management team in years:

4.2
Average Tenure
  • The tenure for the Dicker Data management team is about average.
Management Team

David Dicker

TITLE
Chairman & CEO

Mary Stojcevski

TITLE
CFO & Executive Director
COMPENSATION
A$998K

Vlad Mitnovetski

TITLE
COO & Executive Director
COMPENSATION
A$2M
TENURE
4.7 yrs

Ian Welch

TITLE
Chief Information Officer & Executive Director
COMPENSATION
A$818K
TENURE
3.8 yrs

Michael Demetre

TITLE
Logistics Director & Executive Director
COMPENSATION
A$766K
TENURE
12.3 yrs

Erin McMullen

TITLE
Company Secretary
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure of the Dicker Data board of directors in years:

8.7
Average Tenure
  • The tenure for the Dicker Data board of directors is about average.
Board of Directors

David Dicker

TITLE
Chairman & CEO

Mary Stojcevski

TITLE
CFO & Executive Director
COMPENSATION
A$998K
TENURE
8.8 yrs

Vlad Mitnovetski

TITLE
COO & Executive Director
COMPENSATION
A$2M
TENURE
4.7 yrs

Ian Welch

TITLE
Chief Information Officer & Executive Director
COMPENSATION
A$818K
TENURE
3.8 yrs

Michael Demetre

TITLE
Logistics Director & Executive Director
COMPENSATION
A$766K
TENURE
8.7 yrs

Fiona Brown

TITLE
Non-Executive Director
COMPENSATION
A$55K
TENURE
36.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Dicker Data insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
24. Apr 19 Buy Vladimir Mitnovetski Individual 24. Apr 19 24. Apr 19 55,879 A$4.05 A$226,086
21. Dec 18 Buy Vladimir Mitnovetski Individual 21. Dec 18 21. Dec 18 50,000 A$2.81 A$140,500
04. Dec 18 Buy Vladimir Mitnovetski Individual 04. Dec 18 04. Dec 18 30,000 A$2.82 A$84,600
07. Nov 18 Buy Vladimir Mitnovetski Individual 07. Nov 18 07. Nov 18 19,197 A$2.82 A$54,136
06. Nov 18 Buy Vladimir Mitnovetski Individual 06. Nov 18 06. Nov 18 5,803 A$2.82 A$16,364
15. Oct 18 Buy Mary Stojcevski Individual 15. Oct 18 15. Oct 18 5,000 A$2.92 A$14,591
12. Oct 18 Buy Mary Stojcevski Individual 12. Oct 18 12. Oct 18 3,479 A$2.90 A$10,089
11. Oct 18 Buy Vladimir Mitnovetski Individual 10. Oct 18 10. Oct 18 25,000 A$2.96 A$74,000
11. Oct 18 Buy Vladimir Mitnovetski Individual 10. Oct 18 10. Oct 18 12,123 A$2.95 A$35,763
03. Oct 18 Buy Vladimir Mitnovetski Individual 02. Oct 18 02. Oct 18 25,000 A$2.97 A$74,250
29. Jun 18 Buy Fiona Brown Individual 25. Jun 18 25. Jun 18 17,229 A$2.95 A$50,826
28. Jun 18 Buy Mary Stojcevski Individual 26. Jun 18 26. Jun 18 1,521 A$2.90 A$4,411
28. Jun 18 Buy Vladimir Mitnovetski Individual 27. Jun 18 27. Jun 18 199,099 A$2.83 A$563,450
X
Management checks
We assess Dicker Data's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dicker Data has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Adding Dicker Data (ASX:DDR) To Your Watchlist Today?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Dicker Data (ASX:DDR). … See our latest analysis for Dicker Data Dicker Data's Earnings Per Share Are Growing. … On top of the insider buying, we can also see that Dicker Data insiders own a large chunk of the company.

Simply Wall St -

You Might Like Dicker Data Limited (ASX:DDR) But Do You Like Its Debt?

Dicker Data Limited (ASX:DDR) is a small-cap stock with a market capitalization of AU$680m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Should You Buy Dicker Data Limited (ASX:DDR) For Its 4.7% Dividend?

Dividend paying stocks like Dicker Data Limited (ASX:DDR) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Dicker Data is a new dividend aristocrat in the making.

Simply Wall St -

Could Dicker Data Limited's (ASX:DDR) Investor Composition Influence The Stock Price?

Every investor in Dicker Data Limited (ASX:DDR) should be aware of the most powerful shareholder groups. … With a market capitalization of AU$672m, Dicker Data is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Dicker Data

Simply Wall St -

Here's What Dicker Data Limited's (ASX:DDR) ROCE Can Tell Us

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Did Business Growth Power Dicker Data's (ASX:DDR) Share Price Gain of 177%?

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Dicker Data achieved compound earnings per share (EPS) growth of 22% per year. … This EPS growth is remarkably close to the 23% average annual increase in the share price.

Simply Wall St -

Is Dicker Data Limited's (ASX:DDR) 41% Better Than Average?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every A$1 worth of shareholders' equity, it generated A$0.41 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Dicker Data Limited's (ASX:DDR) P/E Ratio Signal A Buying Opportunity?

To keep it practical, we'll show how Dicker Data Limited's (ASX:DDR) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Dicker Data's P/E ratio is 16.59. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Does Dicker Data Limited (ASX:DDR) Affect Your Portfolio Volatility?

If you're interested in Dicker Data Limited (ASX:DDR), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Dicker Data Limited (ASX:DDR)?

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in Dicker Data Limited (ASX:DDR). … Dicker Data Insider Transactions Over The Last Year.

Simply Wall St -

Company Info

Description

Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. The company offers a product portfolio of various technology vendors, including HP, Cisco, Toshiba, ASUS, Lenovo, Microsoft, and other brands. Dicker Data Limited sells its products to approximately 5,000 resellers. The company was formerly known as Rodin Corporation Pty Limited. Dicker Data Limited was founded in 1978 and is based in Kurnell, Australia.

Details
Name: Dicker Data Limited
DDR
Exchange: ASX
Founded: 1978
A$865,204,046
160,818,596
Website: http://www.dickerdata.com.au
Address: Dicker Data Limited
230 Captain Cook Drive,
Kurnell,
New South Wales, 2231,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX DDR Ordinary Shares Australian Securities Exchange AU AUD 24. Jan 2011
DB D0D Ordinary Shares Deutsche Boerse AG DE EUR 24. Jan 2011
CHIA DDR Ordinary Shares Chi-X Australia AU AUD 24. Jan 2011
Number of employees
Current staff
Staff numbers
442
Dicker Data employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 10:36
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.