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
| HYD | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | 5.3% | 1.5% |
| 30 Day | 0% | 12.6% | 2.4% |
| 90 Day | -22.7% | 9.5% | 11.1% |
| 1 Year | 3.6%-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
10 months ago | Simply Wall St
The Hydrix (ASX:HYD) Share Price Is Down 93% So Some Shareholders Are Rather Upset11 months ago | Simply Wall St
Do Directors Own Hydrix Limited (ASX:HYD) Shares?1 year ago | Simply Wall St
Some Hydrix (ASX:HYD) Shareholders Have Taken A Painful 93% Share Price DropValuation
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
- Take a look at our analysis of HYD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Hydrix competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.83yrs | AU$400.98k | 1.5% A$ 622.7k | |
| Executive Vice President of Corporate Development | 1yr | AU$290.90k | 0.14% A$ 57.7k | |
| Financial Controller | 2.75yrs | no data | no data | |
| Corporate Counsel & Company Secretary | 2.75yrs | no data | no data | |
| Marketing Manager | no data | no data | no data | |
| Chief People Officer | 1.08yrs | no data | no data | |
| Chief Research Officer | 2.75yrs | no data | no data | |
| GM of Hydrix Medical & Member of Medical Advisory Board | 1.08yrs | no data | no data | |
| Specialist Biosciences Adviser & Member of Advisory Board | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 3.83yrs | AU$400.98k | 1.5% A$ 622.7k | |
| GM of Hydrix Medical & Member of Medical Advisory Board | 1.08yrs | no data | no data | |
| Specialist Biosciences Adviser & Member of Advisory Board | no data | no data | no data | |
| Independent Non-Executive Director | 2.42yrs | AU$147.25k | 0.59% A$ 242.7k | |
| Member of Advisory Board | 5.92yrs | AU$50.25k | no data | |
| Non-Executive Director | 4.17yrs | AU$45.60k | 0.50% A$ 208.3k | |
| Non-Executive Director | 3.83yrs | AU$45.60k | 11.04% A$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HYD | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2001 |
| HYD | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 07:10 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.