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D2O

Duxton Water ASX:D2O Stock Report

Last Price

AU$1.61

Market Cap

AU$191.3m

7D

-3.0%

1Y

13.4%

Updated

25 Sep, 2022

Data

Company Financials
D2O fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends2/6

D2O Stock Overview

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

Duxton Water Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Duxton Water
Historical stock prices
Current Share PriceAU$1.61
52 Week HighAU$1.76
52 Week LowAU$1.39
Beta-0.21
1 Month Change-6.40%
3 Month Change-3.01%
1 Year Change13.38%
3 Year Change12.59%
5 Year Change54.81%
Change since IPO46.36%

Recent News & Updates

Shareholder Returns

D2OAU Water UtilitiesAU Market
7D-3.0%-2.9%-2.7%
1Y13.4%-16.3%-11.0%

Return vs Industry: D2O exceeded the Australian Water Utilities industry which returned -16.3% over the past year.

Return vs Market: D2O exceeded the Australian Market which returned -11% over the past year.

Price Volatility

Is D2O's price volatile compared to industry and market?
D2O volatility
D2O Average Weekly Movement2.6%
Water Utilities Industry Average Movement4.2%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

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 supports farmers across the viticulture, nut, citrus, vegetable, olive, dried fruit, dairy, and broadacre cropping industries. The company was incorporated in 2016 and is based in Stirling, Australia.

Duxton Water Fundamentals Summary

How do Duxton Water's earnings and revenue compare to its market cap?
D2O fundamental statistics
Market CapAU$191.31m
Earnings (TTM)AU$10.89m
Revenue (TTM)AU$19.48m

17.6x

P/E Ratio

9.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
D2O income statement (TTM)
RevenueAU$19.48m
Cost of RevenueAU$2.48m
Gross ProfitAU$17.00m
Other ExpensesAU$6.12m
EarningsAU$10.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.092
Gross Margin87.29%
Net Profit Margin55.89%
Debt/Equity Ratio79.5%

How did D2O perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

71%

Payout Ratio

Does D2O pay a reliable dividends?

See D2O dividend history and benchmarks
When do you need to buy D2O by to receive an upcoming dividend?
Duxton Water dividend dates
Ex Dividend DateOct 13 2022
Dividend Pay DateOct 28 2022
Days until Ex dividend17 days
Days until Dividend pay date32 days

Does D2O pay a reliable dividends?

See D2O dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is D2O undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for D2O?

Other financial metrics that can be useful for relative valuation.

D2O key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue15.6x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does D2O's PE Ratio compare to its peers?

D2O PE Ratio vs Peers
The above table shows the PE ratio for D2O vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.6x
NEW New Energy Solar
64.3xn/aAU$294.9m
EWC Energy World
5.3xn/aAU$138.2m
RANHILL Ranhill Utilities Berhad
18x23.6%RM515.5m
2281 Luzhou Xinglu Water (Group)
2.7xn/aHK$730.8m
D2O Duxton Water
17.6xn/aAU$191.3m

Price-To-Earnings vs Peers: D2O is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (22.6x).


Price to Earnings Ratio vs Industry

How does D2O's PE Ratio compare vs other companies in the Global Water Utilities Industry?

Price-To-Earnings vs Industry: D2O is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the Global Water Utilities industry average (15.6x)


Price to Earnings Ratio vs Fair Ratio

What is D2O's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

D2O PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate D2O's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of D2O when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: D2O (A$1.61) is trading below our estimate of fair value (A$1.95)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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


16.2%

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.


Discover growth companies

  • Duxton Water competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Duxton Water 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


26.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: D2O has high quality earnings.

Growing Profit Margin: D2O's current net profit margins (55.9%) are higher than last year (39.9%).


Past Earnings Growth Analysis

Earnings Trend: D2O's earnings have grown significantly by 26.2% per year over the past 5 years.

Accelerating Growth: D2O's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: D2O had negative earnings growth (-28%) over the past year, making it difficult to compare to the Water Utilities industry average (-2.3%).


Return on Equity

High ROE: D2O's Return on Equity (7.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Duxton Water'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: D2O's short term assets (A$4.6M) do not cover its short term liabilities (A$9.9M).

Long Term Liabilities: D2O's short term assets (A$4.6M) do not cover its long term liabilities (A$117.3M).


Debt to Equity History and Analysis

Debt Level: D2O's net debt to equity ratio (77.1%) is considered high.

Reducing Debt: D2O's debt to equity ratio has increased from 1.4% to 79.5% over the past 5 years.

Debt Coverage: D2O's debt is not well covered by operating cash flow (5.7%).

Interest Coverage: D2O's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.10%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 25 2022Ex Dividend DateOct 13 2022Dividend Pay DateOct 28 202215 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: D2O's dividend (4.1%) is higher than the bottom 25% of dividend payers in the Australian market (2.78%).

High Dividend: D2O's dividend (4.1%) is low compared to the top 25% of dividend payers in the Australian market (7.03%).


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 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70.6%), D2O's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: D2O is paying a dividend but the company has no free cash flows.


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Management

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

6.4yrs

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 (6.4 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

ASX:D2O Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
17 Jun 22BuyAU$15,950Dennis MuttonIndividual10,000AU$1.60
11 Apr 22BuyAU$3,278Edouard PeterIndividual2,115AU$1.55
01 Nov 21BuyAU$10,575Vivienne BrandIndividual7,500AU$1.41

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 24 shareholders own 37.93% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9%
LGT Capital Partners (FL) AG
10,694,558A$17.2m0%0.5%
6.71%
Edouard Peter
7,973,267A$12.8m-28.92%no data
5.61%
Presali Australia Holdings Pty Ltd
6,671,408A$10.7m0%no data
3.49%
Friday Investments Pty. Ltd.
4,151,981A$6.7m0%no data
1.52%
Michael Hartweg
1,808,487A$2.9m0%no data
1.25%
Peter Michell
1,482,204A$2.4m0%no data
1.23%
Dirk Wiedmann
1,467,101A$2.4m0%no data
1.09%
Geat Incorporated
1,300,000A$2.1m0%no data
1.02%
Elata Investment Co PTY Limited
1,213,087A$2.0m0%no data
1.02%
Inari Investment Co PTY Limited
1,210,975A$1.9m0%no data
1.02%
Omura Investment Co PTY Limited
1,210,974A$1.9m0%no data
1%
True North Property Management Pty Ltd
1,190,000A$1.9m0%no data
0.74%
Char Pty Ltd
883,365A$1.4m0%no data
0.73%
W K M Holdings Pty Ltd
867,802A$1.4m0%no data
0.7%
Robert Purves
831,500A$1.3m0%no data
0.41%
Defender Investment Co Pty Limited
483,825A$779.0k0%no data
0.41%
Endurance Investment Co Pty Limited
483,824A$779.0k0%no data
0.37%
Environmental Custodian Pty Ltd.
441,960A$711.6k0%no data
0.21%
The Raymond E. Purves Foundation, Endowment Arm
253,130A$407.5k0%no data
0.2%
Stephen Duerden
235,876A$379.8k0%no data
0.12%
SEP Custodian Pty Ltd
146,690A$236.2k0%no data
0.044%
Dennis Mutton
52,636A$84.7k23.45%no data
0.0084%
Brendan Rinaldi
10,000A$16.1k0%no data
0.0076%
Vivienne Brand
9,062A$14.6k0%no data

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
  • Implied Market Cap: AU$191.307m
  • Shares outstanding: 118.82m
  • Website: https://www.duxtonwater.com.au

Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
D2OASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2016
D2OCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.