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PDL

Petra Diamonds LSE:PDL Stock Report

Last Price

UK£1.10

Market Cap

UK£213.6m

7D

-4.3%

1Y

29.4%

Updated

23 Sep, 2022

Data

Company Financials +
PDL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

PDL Stock Overview

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa.

Petra Diamonds Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Petra Diamonds
Historical stock prices
Current Share PriceUK£1.10
52 Week HighUK£1.39
52 Week LowUK£0.45
Beta1.64
1 Month Change10.00%
3 Month Change31.74%
1 Year Change29.41%
3 Year Change-68.53%
5 Year Change-97.38%
Change since IPO-95.89%

Recent News & Updates

Sep 13
The Returns On Capital At Petra Diamonds (LON:PDL) Don't Inspire Confidence

The Returns On Capital At Petra Diamonds (LON:PDL) Don't Inspire Confidence

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...

Shareholder Returns

PDLGB Metals and MiningGB Market
7D-4.3%-4.4%-3.1%
1Y29.4%-9.7%-13.8%

Return vs Industry: PDL exceeded the UK Metals and Mining industry which returned -5.4% over the past year.

Return vs Market: PDL exceeded the UK Market which returned -12.9% over the past year.

Price Volatility

Is PDL's price volatile compared to industry and market?
PDL volatility
PDL Average Weekly Movement6.8%
Metals and Mining Industry Average Movement8.0%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: PDL is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PDL's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19973,517Richard Duffyhttps://www.petradiamonds.com

Petra Diamonds Limited engages in the mining, processing, sorting, and sale of rough diamonds in South Africa. It holds interest in three underground producing mines, including Cullinan, Finsch, and Koffiefontein mines located in South Africa. The company also provides treasury, beneficiation, and other services.

Petra Diamonds Fundamentals Summary

How do Petra Diamonds's earnings and revenue compare to its market cap?
PDL fundamental statistics
Market CapUK£213.62m
Earnings (TTM)UK£63.11m
Revenue (TTM)UK£535.28m

3.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PDL income statement (TTM)
RevenueUS$585.20m
Cost of RevenueUS$391.50m
Gross ProfitUS$193.70m
Other ExpensesUS$124.70m
EarningsUS$69.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.36
Gross Margin33.10%
Net Profit Margin11.79%
Debt/Equity Ratio76.5%

How did PDL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 PDL?

Other financial metrics that can be useful for relative valuation.

PDL 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/Revenue0.6x
Enterprise Value/EBITDA1.3x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

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

PDL PE Ratio vs Peers
The above table shows the PE ratio for PDL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
SLP Sylvania Platinum
4.7x7.5%UK£243.5m
GEMD Gem Diamonds
3.8x28.5%UK£44.5m
JLP Jubilee Metals Group
11.1x40.2%UK£316.6m
FRES Fresnillo
23.5x14.0%UK£5.1b
PDL Petra Diamonds
3.4x-18.1%UK£213.6m

Price-To-Earnings vs Peers: PDL is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (10.8x).


Price to Earnings Ratio vs Industry

How does PDL's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

Price-To-Earnings vs Industry: PDL is good value based on its Price-To-Earnings Ratio (3.4x) compared to the UK Metals and Mining industry average (5.3x)


Price to Earnings Ratio vs Fair Ratio

What is PDL'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.

PDL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.4x
Fair PE Ratio5.9x

Price-To-Earnings vs Fair Ratio: PDL is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (5.9x).


Share Price vs Fair Value

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

Below Fair Value: PDL (£1.1) is trading above our estimate of fair value (£0.72)

Significantly Below Fair Value: PDL is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Petra Diamonds forecast to perform in the next 1 to 3 years based on estimates from 6 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


-18.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PDL's earnings are forecast to decline over the next 3 years (-18.1% per year).

Earnings vs Market: PDL's earnings are forecast to decline over the next 3 years (-18.1% per year).

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

Revenue vs Market: PDL's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: PDL's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PDL's Return on Equity is forecast to be low in 3 years time (8%).


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Past Performance

How has Petra Diamonds performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


35.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PDL has a large one-off gain of $21.1M impacting its June 30 2022 financial results.

Growing Profit Margin: PDL's current net profit margins (11.8%) are lower than last year (59.5%).


Past Earnings Growth Analysis

Earnings Trend: PDL has become profitable over the past 5 years, growing earnings by 35.9% per year.

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

Earnings vs Industry: PDL had negative earnings growth (-71.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (-7.4%).


Return on Equity

High ROE: PDL's Return on Equity (18.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Petra Diamonds's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PDL's short term assets ($408.6M) exceed its short term liabilities ($90.3M).

Long Term Liabilities: PDL's short term assets ($408.6M) do not cover its long term liabilities ($542.1M).


Debt to Equity History and Analysis

Debt Level: PDL's net debt to equity ratio (16.3%) is considered satisfactory.

Reducing Debt: PDL's debt to equity ratio has reduced from 132.7% to 76.5% over the past 5 years.

Debt Coverage: PDL's debt is well covered by operating cash flow (77.1%).

Interest Coverage: PDL's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.02%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PDL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PDL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PDL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PDL's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: PDL is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PDL has not reported any payouts.


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Management

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

3.4yrs

Average management tenure


CEO

Richard Duffy (58 yo)

3.42yrs

Tenure

US$1,112,670

Compensation

Mr. Richard Neil Duffy, B.Com, MBA, has been the Chief Executive Officer and Executive Director of Petra Diamonds Limited since April 1, 2019. He served as the Chief Financial Officer of AngloGold Ashanti...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD1.11M) is above average for companies of similar size in the UK market ($USD704.32K).

Compensation vs Earnings: Richard's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: PDL's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: PDL's board of directors are not considered experienced ( 2.7 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

LSE:PDL Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
27 May 22BuyUK£14,527Bernard PryorIndividual13,000UK£1.12
16 Dec 21BuyUK£98,490Peter HillIndividual140,000UK£0.70

Ownership Breakdown

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


Top Shareholders

Top 25 shareholders own 75.31% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.83%
Vontobel Asset Management S.A.
34,616,512$38.1m0%0.63%
15.35%
Vontobel Asset Management AG
29,807,802$32.8m0%0.36%
9.98%
Monarch Alternative Capital LP
19,375,088$21.3m-16.94%6.34%
6.38%
Franklin Resources, Inc.
12,387,213$13.6m0%0.01%
5.54%
The Terris Fund, Spc
10,756,998$11.8m0%no data
5.27%
azValor Asset Management SGIIC, S.A.U.
10,232,287$11.3m0%0.78%
4.73%
Invesco Ltd.
9,187,810$10.1m-43.91%no data
2.63%
Massachusetts Financial Services Company
5,110,940$5.6m-3.77%no data
0.84%
BNPP Asset Management Holding
1,634,352$1.8m0%no data
0.82%
Schroder Investment Management Limited
1,594,080$1.8m0%no data
0.82%
Pacific Investment Management Company LLC
1,592,218$1.8m0%0.01%
0.81%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,564,115$1.7m-45.06%no data
0.72%
Ruffer LLP
1,390,447$1.5m0%0.02%
0.56%
Payden & Rygel
1,085,559$1.2m0%0.07%
0.47%
Nuveen Investments, Inc.
903,499$993.8k0%no data
0.46%
Vontobel Asset Management, Inc.
892,885$982.2k0%no data
0.42%
DoubleLine Capital LP
808,534$889.4k0%3.96%
0.41%
The Vanguard Group, Inc.
795,710$875.3k-0.76%no data
0.4%
Ampega Asset Management GmbH
776,103$853.7k0%0.96%
0.23%
BlueBay Asset Management (Services) Ltd
448,440$493.3k0%1.45%
0.19%
Legal & General Investment Management Limited
365,870$402.5k0%no data
0.13%
American Century Investment Management Inc
251,051$276.2k13.79%no data
0.13%
Steinbeis & HÄCker VermÖGensverwaltung Gmbh
250,000$275.0k78.57%2.66%
0.11%
FinLABO SIM S.p.A., Asset Management Arm
220,000$242.0k0%0.41%
0.11%
Eaton Vance Management
209,000$229.9k0%no data

Company Information

Petra Diamonds Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Petra Diamonds Limited
  • Ticker: PDL
  • Exchange: LSE
  • Founded: 1997
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Implied Market Cap: UK£213.622m
  • Shares outstanding: 194.20m
  • Website: https://www.petradiamonds.com

Number of Employees


Location

  • Petra Diamonds Limited
  • Capital Tower
  • 91 Waterloo Road
  • London
  • Greater London
  • SE1 8RT
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PDLLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 1997
FPODB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1997
PDLM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1997
PDLLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMay 1997

Company Analysis and Financial Data Status

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


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.