DB:DZ5

Stock Analysis Report

Executive Summary

Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide.

Snowflake

Fundamentals

Excellent balance sheet and good value.

Risks

  • Cardno has significant price volatility in the past 3 months.
  • Cardno is covered by less than 3 analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.8%

DB:DZ5

0.8%

DE Construction

0.2%

DE Market


1 Year Return

-32.2%

DB:DZ5

-29.7%

DE Construction

-10.9%

DE Market

DZ5 matched the Construction industry (-31.6%) over the past year.

DZ5 underperformed the Market in Germany which returned -11.7% over the past year.


Share holder returns

DZ5IndustryMarket
7 Day-5.8%0.8%0.2%
30 Day-6.3%-6.1%-2.5%
90 Day-24.9%-23.3%-2.0%
1 Year-32.2%-32.2%-26.9%-29.7%-8.1%-10.9%
3 Yearn/a5.7%-2.2%19.2%8.9%
5 Yearn/a82.9%62.7%23.5%6.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Cardno undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Cardno's share price is below the future cash flow value, and at a moderate discount (> 20%).

Cardno's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Cardno is overvalued based on earnings compared to the Europe Construction industry average.

Cardno is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Cardno is good value based on expected growth next year.


Price Based on Value of Assets

Cardno is good value based on assets compared to the Europe Construction industry average.


Next Steps

Future Growth

How is Cardno expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

29.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Cardno's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Cardno's earnings are expected to grow significantly at over 20% yearly.

Cardno's revenue growth is expected to exceed the Germany market average.

Cardno's earnings growth is expected to exceed the Germany market average.

Cardno's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Cardno is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Cardno performed over the past 5 years?

-12.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Cardno's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Cardno has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Cardno has become profitable in the last year making it difficult to compare the Europe Construction industry average.


Return on Equity

Cardno has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Cardno used its assets less efficiently than the Europe Construction industry average last year based on Return on Assets.


Return on Capital Employed

Cardno has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Cardno's financial position?


Financial Position Analysis

Cardno is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Cardno's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Cardno's level of debt (36.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (39.1% vs 36.6% today).

Debt is not well covered by operating cash flow (9.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.2x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.1x debt.


Next Steps

Dividend

What is Cardno's current dividend yield, its reliability and sustainability?

1.48%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Cardno's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cardno's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cardno has not reported any payouts.

Unable to verify if Cardno's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cardno has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.6x coverage).


Next Steps

Management

What is the CEO of Cardno's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Ian Ball

0.8yrs

Tenure

Mr. Ian Ball serves as Chief Executive Officer and Managing Director at Cardno Limited since August 09, 2018 and is its Director since August 2018. He has more than 30 years international experience in con ...


Management Age and Tenure

0.8yrs

Average Tenure

The average tenure for the Cardno management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.3yrs

Average Tenure

61yo

Average Age

The tenure for the Cardno board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Joe Lowther

    President of U.S. International Development Division

    • Tenure: 2.2yrs
  • Courtney Marsden

    Legal Counsel & Joint Company Secretary

    • Tenure: 2.6yrs
  • Vikash Naidu

    Joint Company Secretary

    • Tenure: 0.6yrs
  • Nicola Dorling

    Chief Digital Officer

    • Tenure: 0.3yrs
  • Troy Donovan

    Chief Financial Officer of Asia Pacific

  • Ian Ball

    CEO, MD & Director

    • Tenure: 0.8yrs
  • Elena Schamp

    Chief Technology Officer

    • Tenure: 0.3yrs
  • Susan Reisbord

    Chief Executive Officer of Americas Region

  • Marian Boreland

    Global President of Cardno International Development

  • Peter Barker

    CFO & Joint Company Secretary

    • Tenure: 3.3yrs
    • Compensation: A$741.43k

Board Members

  • Michael Alscher (50yo)

    Chairman of the Board

    • Tenure: 3.4yrs
    • Compensation: A$1.27m
  • Jeff Forbes (65yo)

    Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: A$127.27k
  • Nathanial Thomson

    Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: A$100.00k
  • Rebecca Ranich (61yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: A$37.52k
  • Steve Sherman

    Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: A$113.50k
  • Ian Ball

    CEO, MD & Director

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: Cardno Limited
  • Ticker: DZ5
  • Exchange: DB
  • Founded: 1945
  • Industry: construction and engineering
  • Sector: capital goods
  • Market Cap: AU$399.521m
  • Listing Market Cap: AU$243.849m
  • Shares outstanding: 443.91m
  • Website: Click here

Number of Employees


Location

  • Cardno Limited
  • North Tower
  • Level 11
  • Fortitude Valley
  • Queensland
  • 4006
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1970
COLD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1970
CDDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1970
DZ5DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1970

Biography

Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide. The company off ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/17 22:32
End of Day Share Price2019/06/17 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.