Dalrymple Bay Infrastructure (ASX:DBI) - Share price, News & Analysis

DBI fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	3/6
Financial Health	1/6
Dividends	3/6

DBI Stock Overview

Dalrymple Bay Infrastructure Limited owns the lease of and right to operate the Dalrymple Bay terminal, a coal export metallurgical coal facility in Bowen Basin in Queensland.

Rewards

Trading at 5.2% below our estimate of its fair value

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 21.1% per year for the next 3 years

Interest payments are not well covered by earnings

Dividend of 8.61% is not well covered by earnings

Dalrymple Bay Infrastructure Competitors

Alliance Aviation Services

ASX:AQZ

AU$649.4m

Atlas Arteria

ASX:ALX

AU$6.8b

Alexandria Container&Cargo Handling

CASE:ALCN

ج.م12.1b

K&S

ASX:KSC

AU$234.6m

Price History & Performance

Summary of all time highs, changes and price drops for Dalrymple Bay Infrastructure
Historical stock prices
Current Share Price	AU$2.09
52 Week High	AU$2.39
52 Week Low	AU$1.90
Beta	0
1 Month Change	-4.57%
3 Month Change	4.50%
1 Year Change	-4.57%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-3.24%

Shareholder Returns

	DBI	AU Infrastructure	AU Market
7D	1.0%	1.7%	-0.4%
1Y	-4.6%	6.3%	-1.1%

Return vs Industry: DBI underperformed the Australian Infrastructure industry which returned 6.3% over the past year.

Return vs Market: DBI underperformed the Australian Market which returned -1.1% over the past year.

Price Volatility

Is DBI's price volatile compared to industry and market?
DBI volatility
DBI Average Weekly Movement	2.8%
Infrastructure Industry Average Movement	3.4%
Market Average Movement	9.3%
10% most volatile stocks in AU Market	16.4%
10% least volatile stocks in AU Market	4.2%

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

Volatility Over Time: DBI's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	n/a	Anthony Timbrell	https://www.dbinfrastructure.com.au

Dalrymple Bay Infrastructure Limited owns the lease of and right to operate the Dalrymple Bay terminal, a coal export metallurgical coal facility in Bowen Basin in Queensland. The company provides terminal infrastructure and services for producers and consumers of Australian coal exports. Dalrymple Bay Infrastructure Limited was incorporated in 2020 and is based in Brisbane, Australia.

Dalrymple Bay Infrastructure Fundamentals Summary

How do Dalrymple Bay Infrastructure's earnings and revenue compare to its market cap?
DBI fundamental statistics
Market Cap	AU$1.04b
Earnings (TTM)	AU$129.08m
Revenue (TTM)	AU$505.07m

8.0x

P/E Ratio

2.1x

P/S Ratio

Is DBI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DBI income statement (TTM)
Revenue	AU$505.07m
Cost of Revenue	AU$302.13m
Gross Profit	AU$202.94m
Other Expenses	AU$73.86m
Earnings	AU$129.08m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 29, 2022

Earnings per share (EPS)	0.26
Gross Margin	40.18%
Net Profit Margin	25.56%
Debt/Equity Ratio	221.5%

How did DBI perform over the long term?

See historical performance and comparison

Dividends

8.6%

Current Dividend Yield

69%

Payout Ratio

Does DBI pay a reliable dividends?

See DBI dividend history and benchmarks

When do you need to buy DBI by to receive an upcoming dividend?
Dalrymple Bay Infrastructure dividend dates
Ex Dividend Date	May 30 2022
Dividend Pay Date	Jun 16 2022
Days until Ex dividend	2 days
Days until Dividend pay date	19 days

Does DBI pay a reliable dividends?

See DBI dividend history and benchmarks

New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is Dalrymple Bay Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-21.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DBI's earnings are forecast to decline over the next 3 years (-21.1% per year).

Earnings vs Market: DBI's earnings are forecast to decline over the next 3 years (-21.1% per year).

High Growth Earnings: DBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DBI's revenue (1% per year) is forecast to grow slower than the Australian market (4.9% per year).

High Growth Revenue: DBI's revenue (1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DBI's Return on Equity is forecast to be low in 3 years time (6.4%).

Past Performance

How has Dalrymple Bay Infrastructure performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

79.5%

Last years revenue growth

Earnings and Revenue History

Quality Earnings: DBI has high quality earnings.

Growing Profit Margin: DBI became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: DBI has become profitable over the past 5 years.

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

Earnings vs Industry: DBI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (23.4%).

Return on Equity

High ROE: DBI's Return on Equity (12.2%) is considered low.

Financial Health

How is Dalrymple Bay Infrastructure's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DBI's short term assets (A$86.2M) exceed its short term liabilities (A$76.3M).

Long Term Liabilities: DBI's short term assets (A$86.2M) do not cover its long term liabilities (A$2.4B).

Debt to Equity History and Analysis

Debt Level: DBI's net debt to equity ratio (217.5%) is considered high.

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

Debt Coverage: DBI's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: DBI's interest payments on its debt are not well covered by EBIT (1.4x coverage).

Balance Sheet

Dividend

What is Dalrymple Bay Infrastructure current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

8.61%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: DBI's dividend (8.61%) is higher than the bottom 25% of dividend payers in the Australian market (2.6%).

High Dividend: DBI's dividend (8.61%) is in the top 25% of dividend payers in the Australian market (6.23%)

Stability and Growth of Payments

Stable Dividend: Too early to tell whether DBI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DBI's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (69.4%), DBI's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (145.3%), DBI's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

1.0yrs

Average management tenure

CEO

Anthony Timbrell

1.42yrs

Tenure

AU$1,435,532

Compensation

Mr. Anthony Timbrell is Chief Executive Officer at Dalrymple Bay Infrastructure Limited since December 8, 2010 and serves as its Executive Director since August 7, 2020. He joined DBIM in 2008 and was appo...

CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD1.02M) is about average for companies of similar size in the Australian market ($USD1.03M).

Compensation vs Earnings: Anthony's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: DBI's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Experienced Board: DBI's board of directors are not considered experienced ( 1.6 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: 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31