ASX:HYD

Stock Analysis Report

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Executive Summary

Hydrix Limited provides product design, engineering, and regulatory services in Australia and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: HYD's weekly volatility has decreased from 42% to 8% over the past year.


Market Performance


7 Day Return

4.1%

HYD

5.3%

AU Electronic

1.5%

AU Market


1 Year Return

-3.8%

HYD

40.6%

AU Electronic

-1.7%

AU Market

Return vs Industry: HYD underperformed the Australian Electronic industry which returned 40.6% over the past year.

Return vs Market: HYD underperformed the Australian Market which returned -1.7% over the past year.


Shareholder returns

HYDIndustryMarket
7 Day4.1%5.3%1.5%
30 Day0%12.6%2.4%
90 Day-22.7%9.5%11.1%
1 Year3.6%-3.8%44.1%40.6%1.6%-1.7%
3 Year-81.7%-83.0%138.9%122.3%26.3%10.8%
5 Year-78.0%-79.6%218.9%192.2%69.6%35.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

8.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: HYD is unprofitable, so we can't compare its PE Ratio to the XO Electronic industry average.

PE vs Market: HYD is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: HYD is overvalued based on its PB Ratio (8.8x) compared to the AU Electronic industry average (4x).


Next Steps

Future Growth

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

24.8%

Forecasted Tech 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 Hydrix 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.


Next Steps

Past Performance

How has Hydrix performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HYD is currently unprofitable.

Growing Profit Margin: HYD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HYD is unprofitable, but has reduced losses over the past 5 years at a rate of 3.7% per year.

Accelerating Growth: Unable to compare HYD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HYD is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-0.9%).


Return on Equity

High ROE: HYD has a negative Return on Equity (-140.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hydrix's financial position?


Financial Position Analysis

Short Term Liabilities: HYD's short term assets (A$5.6M) exceed its short term liabilities (A$4.6M).

Long Term Liabilities: HYD's short term assets (A$5.6M) do not cover its long term liabilities (A$12.1M).


Debt to Equity History and Analysis

Debt Level: HYD's debt to equity ratio (262.2%) is considered high.

Reducing Debt: Insufficient data to determine if HYD's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HYD has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: HYD is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

1.9yrs

Average management tenure


CEO

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


Leadership Team

NamePositionTenureCompensationOwnership
Gavin Coote
Executive Chairman3.83yrsAU$400.98k1.5%
A$ 622.7k
Peter Lewis
Executive Vice President of Corporate Development1yrAU$290.90k0.14%
A$ 57.7k
Mark Langham
Financial Controller2.75yrsno datano data
Alyn Tai
Corporate Counsel & Company Secretary2.75yrsno datano data
Alan Morris
Marketing Managerno datano datano data
Mandy Kelly
Chief People Officer1.08yrsno datano data
John Bumgarner
Chief Research Officer2.75yrsno datano data
Paul Kelly
GM of Hydrix Medical & Member of Medical Advisory Board1.08yrsno datano data
Stewart Washer
Specialist Biosciences Adviser & Member of Advisory Boardno datano datano data

1.9yrs

Average Tenure

Experienced Management: HYD's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gavin Coote
Executive Chairman3.83yrsAU$400.98k1.5%
A$ 622.7k
Paul Kelly
GM of Hydrix Medical & Member of Medical Advisory Board1.08yrsno datano data
Stewart Washer
Specialist Biosciences Adviser & Member of Advisory Boardno datano datano data
Paul Wright
Independent Non-Executive Director2.42yrsAU$147.25k0.59%
A$ 242.7k
Glenn Ross
Member of Advisory Board5.92yrsAU$50.25kno data
Joanne Bryant
Non-Executive Director4.17yrsAU$45.60k0.50%
A$ 208.3k
Julie King
Non-Executive Director3.83yrsAU$45.60k11.04%
A$ 4.6m

3.8yrs

Average Tenure

Experienced Board: HYD's board of directors are considered experienced (3.8 years average tenure).


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 substantially diluted in the past year, with total shares outstanding growing by 112.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Hydrix Limited
  • Ticker: HYD
  • Exchange: ASX
  • Founded: 1993
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$41.446m
  • Shares outstanding: 162.53m
  • Website: https://www.hydrix.com

Number of Employees


Location

  • Hydrix Limited
  • 30-32 Compark Circuit
  • Mulgrave
  • Victoria
  • 3170
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HYDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2001
HYDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2001

Biography

Hydrix Limited provides product design, engineering, and regulatory services in Australia and internationally. It offers a range of services, including software, electronics, and mechanical design; industr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 07:10
End of Day Share Price2021/01/21 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.