D2O

Duxton WaterASX:D2O Stock Report

Market Cap

AU$169.0m

7D

-2.8%

1Y

5.2%

Updated

16 Sep, 2021

Data

Company Financials
D2O fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends2/6

D2O Overview

Duxton Water Limited provides water supply solutions through its water entitlements.

Price History & Performance

Summary of all time highs, changes and price drops for Duxton Water
Historical stock prices
Current Share PriceAU$1.41
52 Week HighAU$1.30
52 Week LowAU$1.48
Beta-0.15
1 Month Change0.71%
3 Month Change3.30%
1 Year Change5.22%
3 Year Change4.06%
5 Year Change35.58%
Change since IPO28.18%

Recent News & Updates

Jun 13
Estimating The Intrinsic Value Of Duxton Water Limited (ASX:D2O)

Estimating The Intrinsic Value Of Duxton Water Limited (ASX:D2O)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Duxton Water Limited...

Apr 29
With EPS Growth And More, Duxton Water (ASX:D2O) Is Interesting

With EPS Growth And More, Duxton Water (ASX:D2O) Is Interesting

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Mar 28
Should Duxton Water Limited (ASX:D2O) Be Part Of Your Dividend Portfolio?

Should Duxton Water Limited (ASX:D2O) Be Part Of Your Dividend Portfolio?

Today we'll take a closer look at Duxton Water Limited ( ASX:D2O ) from a dividend investor's perspective. Owning a...

Shareholder Returns

D2OAU Water UtilitiesAU Market
7D-2.8%-1.7%0.9%
1Y5.2%9.3%27.3%

Return vs Industry: D2O underperformed the Australian Water Utilities industry which returned 9.3% over the past year.

Return vs Market: D2O underperformed the Australian Market which returned 27.3% over the past year.

Price Volatility

Is D2O's price volatile compared to industry and market?
D2O volatility
D2O Beta-0.15
Industry Beta0.38
Market Beta1

Stable Share Price: D2O is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: D2O's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/an/ahttps://www.duxtonwater.com.au

Duxton Water Limited provides water supply solutions through its water entitlements. It serves various agricultural industries, including dairy, viticulture, citrus, broadacre, olives, nut production, and dried fruit. The company was incorporated in 2016 and is based in Stirling, Australia.

Valuation

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

14.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: D2O (A$1.41) is trading below our estimate of fair value (A$1.64)

Significantly Below Fair Value: D2O is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: D2O is good value based on its PE Ratio (11.2x) compared to the Global Water Utilities industry average (16x).

PE vs Market: D2O is good value based on its PE Ratio (11.2x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate D2O's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: D2O is good value based on its PB Ratio (1.2x) compared to the XX Water Utilities industry average (1.5x).


Future Growth

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

7.4%

Forecasted Utilities 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 Duxton Water 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.


Past Performance

How has Duxton Water performed over the past 5 years?

37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: D2O has a large one-off gain of A$5.5M impacting its June 30 2021 financial results.

Growing Profit Margin: D2O's current net profit margins (39.9%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: D2O's earnings have grown significantly by 37.6% per year over the past 5 years.

Accelerating Growth: D2O's earnings growth over the past year (2594.1%) exceeds its 5-year average (37.6% per year).

Earnings vs Industry: D2O earnings growth over the past year (2594.1%) exceeded the Water Utilities industry 13.8%.


Return on Equity

High ROE: D2O's Return on Equity (10.6%) is considered low.


Financial Health

How is Duxton Water's financial position?


Financial Position Analysis

Short Term Liabilities: D2O's short term assets (A$11.5M) exceed its short term liabilities (A$1.8M).

Long Term Liabilities: D2O's short term assets (A$11.5M) do not cover its long term liabilities (A$106.8M).


Debt to Equity History and Analysis

Debt Level: D2O's debt to equity ratio (74.7%) is considered high.

Reducing Debt: Insufficient data to determine if D2O's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: D2O's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: D2O's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet


Dividend

What is Duxton Water current dividend yield, its reliability and sustainability?

4.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: D2O's dividend (4.4%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: D2O's dividend (4.4%) is low compared to the top 25% of dividend payers in the Australian market (5.26%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, D2O has been paying a dividend for less than 10 years.

Growing Dividend: D2O's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.8%), D2O's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.0yrs

Average board tenure


CEO

Duxton Water has no CEO, or we have no data on them.


Board Members

Experienced Board: D2O's board of directors are considered experienced (4 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Duxton Water Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Duxton Water Limited
  • Ticker: D2O
  • Exchange: ASX
  • Founded: 2016
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: AU$168.974m
  • Shares outstanding: 119.84m
  • Website: https://www.duxtonwater.com.au

Location

  • Duxton Water Limited
  • Duxton House
  • 7 Pomona Road
  • Stirling
  • South Australia
  • 5152
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:37
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.