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DWS

DB:D4K
Snowflake Description

Undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D4K
DB
A$154M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

DWS Limited provides information technology services to corporations and government bodies in Australia. The last earnings update was 12 days ago. More info.


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D4K Share Price and Events
7 Day Returns
0.1%
DB:D4K
4.9%
DE IT
2.2%
DE Market
1 Year Returns
-
DB:D4K
2.5%
DE IT
-11%
DE Market
D4K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DWS (D4K) 0.1% -3.6% 0.8% - - -
DE IT 4.9% -21% -10.3% 2.5% 125.2% 187.2%
DE Market 2.2% 2.7% 1.6% -11% 13.6% 6.8%
1 Year Return vs Industry and Market
  • No trading data on D4K.
  • No trading data on D4K.
Price Volatility
D4K
Industry
5yr Volatility vs Market
Related Companies

D4K Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DWS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for DWS.

DB:D4K Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:D4K
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
IT Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.779 (1 + (1- 30%) (27.23%))
0.928
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.928 * 9.77%)
9.3%

Discounted Cash Flow Calculation for DB:D4K using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DWS is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:D4K DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 14.30 18.30 19.95 21.75 23.72
Source Analyst x1 Analyst x1 Est @ 9.03% Est @ 9.03% Est @ 9.03%
Present Value
Discounted (@ 9.3%)
13.08 15.32 15.28 15.24 15.21
Present value of next 5 years cash flows A$74.14
DB:D4K DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$23.72 × (1 + 0.23%) ÷ (9.3% – 0.23%)
A$262.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$262.16 ÷ (1 + 9.3%)5
A$168.09
DB:D4K Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$74.14 + A$168.09
A$242.23
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$242.23 / 131.83
A$1.14
DB:D4K Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:D4K represents 0.61795x of ASX:DWS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61795x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 1.84 x 0.61795
€1.14
Value per share (EUR) From above. €1.14
Current discount Discount to share price of €0.72
= -1 x (€0.72 - €1.14) / €1.14
36.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price DWS is available for.
Intrinsic value
36%
Share price is €0.72 vs Future cash flow value of €1.14
Current Discount Checks
For DWS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DWS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DWS's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DWS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DWS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:D4K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.09
ASX:DWS Share Price ** ASX (2019-02-22) in AUD A$1.17
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 24.87x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.09x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DWS.

DB:D4K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:DWS Share Price ÷ EPS (both in AUD)

= 1.17 ÷ 0.09

12.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DWS is good value based on earnings compared to the DE IT industry average.
  • DWS is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does DWS's expected growth come at a high price?
Raw Data
DB:D4K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
20.8%per year
Germany IT Industry PEG Ratio Median Figure of 15 Publicly-Listed IT Companies 1.39x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:D4K PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.38x ÷ 20.8%

0.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DWS is good value based on expected growth next year.
Price based on value of assets
What value do investors place on DWS's assets?
Raw Data
DB:D4K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.55
ASX:DWS Share Price * ASX (2019-02-22) in AUD A$1.17
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.8x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.8x
DB:D4K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:DWS Share Price ÷ Book Value per Share (both in AUD)

= 1.17 ÷ 0.55

2.14x

* Primary Listing of DWS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DWS is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess DWS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. DWS has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

D4K Future Performance

 How is DWS expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DWS expected to grow at an attractive rate?
  • DWS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • DWS's earnings growth is expected to exceed the Germany market average.
  • DWS's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:D4K Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:D4K Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 20.8%
DB:D4K Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.7%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24.3%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 16.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:D4K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:D4K Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 186 19 20 2
2019-06-30 178 15 19 2
DB:D4K Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 147 16 12
2018-09-30 138 16 14
2018-06-30 129 17 16
2018-03-31 128 21 17
2017-12-31 128 24 18
2017-09-30 133 24 18
2017-06-30 138 24 17
2017-03-31 145 22 18
2016-12-31 151 19 18
2016-09-30 149 18 18
2016-06-30 146 17 17
2016-03-31 131 14 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DWS's earnings are expected to grow significantly at over 20% yearly.
  • DWS's revenue is expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:D4K Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from DWS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D4K Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.15 0.16 0.14 2.00
2019-06-30 0.14 0.15 0.14 2.00
DB:D4K Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.11
2018-06-30 0.12
2018-03-31 0.13
2017-12-31 0.14
2017-09-30 0.14
2017-06-30 0.13
2017-03-31 0.14
2016-12-31 0.14
2016-09-30 0.13
2016-06-30 0.13
2016-03-31 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if DWS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess DWS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DWS has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

D4K Past Performance

  How has DWS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DWS's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DWS's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • DWS's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • DWS's 1-year earnings growth is negative, it can't be compared to the DE IT industry average.
Earnings and Revenue History
DWS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DWS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D4K Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 147.48 12.46 1.61
2018-09-30 138.01 14.19 1.61
2018-06-30 128.54 15.92 1.61
2018-03-31 128.25 17.19 1.77
2017-12-31 127.96 18.46 1.92
2017-09-30 132.95 17.92 1.92
2017-06-30 137.95 17.39 1.92
2017-03-31 144.63 17.82 1.89
2016-12-31 151.31 18.26 1.86
2016-09-30 148.53 17.52 1.86
2016-06-30 145.76 16.79 1.86
2016-03-31 130.92 14.84 1.54
2015-12-31 116.08 12.90 1.22
2015-09-30 105.38 11.65 1.22
2015-06-30 94.67 10.40 1.22
2015-03-31 93.99 10.83 1.17
2014-12-31 93.32 11.25 1.12
2014-09-30 93.87 12.08 1.12
2014-06-30 94.42 12.90 1.12
2014-03-31 98.04 14.10 1.19
2013-12-31 101.66 15.30 1.26
2013-09-30 105.44 16.08 1.26
2013-06-30 109.22 16.86 1.26
2013-03-31 109.62 16.93 1.13
2012-12-31 110.03 17.01 1.01
2012-09-30 109.96 17.61 1.01
2012-06-30 109.89 18.22 1.01
2012-03-31 107.62 18.08 1.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • DWS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DWS used its assets more efficiently than the DE IT industry average last year based on Return on Assets.
  • DWS's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DWS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DWS has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

D4K Health

 How is DWS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DWS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DWS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DWS's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DWS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DWS Company Filings, last reported 1 month ago.

DB:D4K Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 72.23 42.00 8.43
2018-09-30 72.23 42.00 8.43
2018-06-30 72.15 10.00 8.13
2018-03-31 72.15 10.00 8.13
2017-12-31 72.95 12.00 9.25
2017-09-30 72.95 12.00 9.25
2017-06-30 69.41 15.00 10.87
2017-03-31 69.41 15.00 10.87
2016-12-31 67.68 22.00 9.52
2016-09-30 67.68 22.00 9.52
2016-06-30 65.20 24.00 10.16
2016-03-31 65.20 24.00 10.16
2015-12-31 62.67 18.50 6.99
2015-09-30 62.67 18.50 6.99
2015-06-30 59.62 5.00 10.37
2015-03-31 59.62 5.00 10.37
2014-12-31 59.74 0.00 16.01
2014-09-30 59.74 0.00 16.01
2014-06-30 60.36 0.00 16.45
2014-03-31 60.36 0.00 16.45
2013-12-31 60.16 0.00 16.18
2013-09-30 60.16 0.00 16.18
2013-06-30 60.70 0.00 11.79
2013-03-31 60.70 0.00 11.79
2012-12-31 59.43 0.00 11.46
2012-09-30 59.43 0.00 11.46
2012-06-30 59.39 0.00 15.21
2012-03-31 59.39 0.00 15.21
  • DWS's level of debt (58.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 58.1% today).
  • Debt is well covered by operating cash flow (37.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).
X
Financial health checks
We assess DWS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DWS has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

D4K Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.84%
Current annual income from DWS dividends. Estimated to be 8.95% next year.
If you bought €2,000 of DWS shares you are expected to receive €137 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • DWS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • DWS's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
Upcoming dividend payment

Purchase DWS on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:D4K Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 0.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:D4K Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2020-06-30 0.11 2.00
2019-06-30 0.10 2.00
DB:D4K Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-11 0.080 6.823
2018-08-13 0.100 8.166
2018-02-12 0.100 7.399
2017-08-14 0.100 6.722
2017-02-13 0.100 6.344
2016-09-29 0.100 7.586
2016-08-22 0.100 7.638
2015-09-29 0.075 6.466
2015-08-10 0.075 7.640
2015-02-16 0.075 9.750
2014-09-25 0.085 7.868
2014-08-18 0.085 7.056
2014-02-17 0.090 7.494
2013-09-30 0.110 8.038
2013-08-26 0.110 7.189
2012-08-13 0.125 8.082
2012-02-13 0.123 8.438
2011-08-22 0.110 8.669
2010-08-16 0.113 7.710
2009-08-24 0.095 6.545
2009-02-27 0.090 12.425
2009-02-23 0.110 19.908

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of DWS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess DWS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DWS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DWS has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

D4K Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Danny Wallis
COMPENSATION A$300,000
AGE 55
TENURE AS CEO 3.8 years
CEO Bio

Mr. Danny Benedict Wallis, BCS, founded DWS Limited in 1992 and has been its Chief Executive Officer and Managing Director since April 30, 2015. Mr. Wallis served as its Chief Executive Officer and Managing Director at DWS Limited until February 28, 2014. Mr. Wallis began his career in the I.T. industry over 20 years and started as a system programmer and internal consultant at ANZ Bank. He served as an Executive Chairman at DWS Limited until December 15, 2015. He served as a Non Executive Chairman of the Board at DWS Limited since February 28, 2014 and has been its Director since December 28, 1998. He served as a Director at Future Capital Development Fund Pty Ltd.

CEO Compensation
  • Danny's compensation has been consistent with company performance over the past year.
  • Danny's remuneration is lower than average for companies of similar size in Germany.
Management Team

Danny Wallis

TITLE
Founder
COMPENSATION
A$300K
AGE
55
TENURE
3.8 yrs

Stuart Whipp

TITLE
CFO & Company Secretary
COMPENSATION
A$545K
TENURE
3.1 yrs

Malcolm Sheehan

TITLE
National Operations Manager

Campbell Johnston

TITLE
National Sales Manager

Sally Cullinane

TITLE
General Manager of Human Resources
Board of Directors Tenure

Average tenure of the DWS board of directors in years:

4.1
Average Tenure
  • The tenure for the DWS board of directors is about average.
Board of Directors

Martin Ralston

TITLE
Non-Executive Chairman
COMPENSATION
A$121K
TENURE
3.2 yrs

Danny Wallis

TITLE
Founder
COMPENSATION
A$300K
AGE
55
TENURE
20.2 yrs

Ken Barry

TITLE
Lead Independent Director
COMPENSATION
A$90K
AGE
80
TENURE
5 yrs

Gary Ebeyan

TITLE
Independent Non-Executive Director
COMPENSATION
A$90K
TENURE
8.3 yrs

Hayden Kelly

TITLE
Non-Executive Director
COMPENSATION
A$90K
TENURE
3.3 yrs

Selina Lightfoot

TITLE
Independent Non-Executive Director
COMPENSATION
A$90K
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 18 Buy Hayden Kelly Individual 12. Mar 18 12. Mar 18 20,000 €0.96 €19,151
X
Management checks
We assess DWS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DWS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

D4K News

Simply Wall St News

D4K Company Info

Map
Description

DWS Limited provides information technology services to corporations and government bodies in Australia. The company offers a suite of integrated solutions, including IT consulting services, such as IT strategy and architecture advice, program and project management, business and technical analysis, custom application development, systems integration and solution testing, and robotics processing automation; and digital solutions incorporating data automation and capture systems, and customer-led, digital strategy, and design services. It also provides business intelligence services comprising advanced analytics, as well as power BI and data warehouse as a service; sourcing and productivity services; and managed application services using a mix of offshore, on-site, off-site, and high-security models depending on client requirements. The company was incorporated in 1991 and is headquartered in Melbourne, Australia.

Details
Name: DWS Limited
D4K
Exchange: DB
Founded: 1991
A$97,092,502
131,831,328
Website: http://www.dws.com.au
Address: DWS Limited
500 Collins Street,
Level 4,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX DWS Ordinary Shares Australian Securities Exchange AU AUD 15. Jun 2006
DB D4K Ordinary Shares Deutsche Boerse AG DE EUR 15. Jun 2006
CHIA DWS Ordinary Shares Chi-X Australia AU AUD 15. Jun 2006
Number of employees
Current staff
Staff numbers
800
DWS employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 23:00
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2018/08/14
Last earnings filing: 2019/02/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.