DIPD.N0000 Stock Overview
Dipped Products PLC, together with its subsidiaries, manufactures and markets industrial and general purpose rubber gloves.
Dipped Products Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||LK₨41.70|
|52 Week High||LK₨72.00|
|52 Week Low||LK₨21.00|
|1 Month Change||55.60%|
|3 Month Change||29.10%|
|1 Year Change||-26.84%|
|3 Year Change||421.25%|
|5 Year Change||378.21%|
|Change since IPO||2,736.33%|
Recent News & Updates
|DIPD.N0000||LK Chemicals||LK Market|
Return vs Industry: DIPD.N0000 underperformed the LK Chemicals industry which returned -5.2% over the past year.
Return vs Market: DIPD.N0000 underperformed the LK Market which returned 5.6% over the past year.
|DIPD.N0000 Average Weekly Movement||10.1%|
|Chemicals Industry Average Movement||9.4%|
|Market Average Movement||8.6%|
|10% most volatile stocks in LK Market||13.3%|
|10% least volatile stocks in LK Market||4.8%|
Stable Share Price: DIPD.N0000 is not significantly more volatile than the rest of LK stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: DIPD.N0000's weekly volatility (10%) has been stable over the past year.
About the Company
Dipped Products PLC, together with its subsidiaries, manufactures and markets industrial and general purpose rubber gloves. It offers fabric supported and unsupported, household and industrial, examination, and medical gloves, as well as personal protective wear. The company also manufactures cotton and synthetic flocks.
Dipped Products Fundamentals Summary
|DIPD.N0000 fundamental statistics|
Is DIPD.N0000 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DIPD.N0000 income statement (TTM)|
|Cost of Revenue||LK₨46.49b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||13.10|
|Net Profit Margin||13.23%|
How did DIPD.N0000 perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is DIPD.N0000 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DIPD.N0000?
Other financial metrics that can be useful for relative valuation.
|What is DIPD.N0000's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does DIPD.N0000's PE Ratio compare to its peers?
|DIPD.N0000 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
LLUB.N0000 Chevron Lubricants Lanka
REXP.N0000 Richard Pieris Exports
APLA.N0000 ACL Plastics
DIPD.N0000 Dipped Products
Price-To-Earnings vs Peers: DIPD.N0000 is good value based on its Price-To-Earnings Ratio (3.2x) compared to the peer average (5.1x).
Price to Earnings Ratio vs Industry
How does DIPD.N0000's PE Ratio compare vs other companies in the Asian Chemicals Industry?
Price-To-Earnings vs Industry: DIPD.N0000 is good value based on its Price-To-Earnings Ratio (3.2x) compared to the LK Chemicals industry average (5.4x)
Price to Earnings Ratio vs Fair Ratio
What is DIPD.N0000'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.
|Current PE Ratio||3.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DIPD.N0000's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of DIPD.N0000 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DIPD.N0000 (LKR41.7) is trading below our estimate of fair value (LKR184.51)
Significantly Below Fair Value: DIPD.N0000 is trading below fair value by more than 20%.
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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How is Dipped Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials 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 Dipped Products 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.
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- Examine whether Dipped Products is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
How has Dipped Products performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DIPD.N0000 has high quality earnings.
Growing Profit Margin: DIPD.N0000's current net profit margins (13.2%) are higher than last year (10.8%).
Past Earnings Growth Analysis
Earnings Trend: DIPD.N0000's earnings have grown significantly by 52.3% per year over the past 5 years.
Accelerating Growth: DIPD.N0000's earnings growth over the past year (35.2%) is below its 5-year average (52.3% per year).
Earnings vs Industry: DIPD.N0000 earnings growth over the past year (35.2%) underperformed the Chemicals industry 56.9%.
Return on Equity
High ROE: DIPD.N0000's Return on Equity (29.7%) is considered high.
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How is Dipped Products's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DIPD.N0000's short term assets (LKR43.3B) exceed its short term liabilities (LKR23.4B).
Long Term Liabilities: DIPD.N0000's short term assets (LKR43.3B) exceed its long term liabilities (LKR8.9B).
Debt to Equity History and Analysis
Debt Level: DIPD.N0000's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: DIPD.N0000's debt to equity ratio has increased from 44.5% to 51% over the past 5 years.
Debt Coverage: DIPD.N0000's debt is well covered by operating cash flow (53.9%).
Interest Coverage: DIPD.N0000 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Dipped Products's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DIPD.N0000's dividend (4.92%) is higher than the bottom 25% of dividend payers in the LK market (2.28%).
High Dividend: DIPD.N0000's dividend (4.92%) is low compared to the top 25% of dividend payers in the LK market (8.33%).
Stability and Growth of Payments
Stable Dividend: DIPD.N0000's dividend payments have been volatile in the past 10 years.
Growing Dividend: DIPD.N0000's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (8.4%), DIPD.N0000's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (23.8%), DIPD.N0000's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Soon Huat Ng has been Managing Director and Executive Director of Dipped Products PLC since joining on October 15, 2018. Prior to joining Dipped Products PLC, Mr. Ng was the Vice-President of Medical G...
Experienced Management: DIPD.N0000's management team is considered experienced (3.8 years average tenure).
Experienced Board: DIPD.N0000's board of directors are considered experienced (7.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DIPD.N0000 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dipped Products PLC's employee growth, exchange listings and data sources
- Name: Dipped Products PLC
- Ticker: DIPD.N0000
- Exchange: COSE
- Founded: 1976
- Industry: Commodity Chemicals
- Sector: Materials
- Implied Market Cap: LK₨24.962b
- Shares outstanding: 598.62m
- Website: https://www.dplgroup.com
Number of Employees
- Dipped Products PLC
- 400, Deans Road
- Sri Lanka
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/17 00:00|
|End of Day Share Price||2022/08/17 00:00|
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.