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DIPD

Dipped Products COSE:DIPD.N0000 Stock Report

Last Price

LK₨41.70

Market Cap

LK₨25.0b

7D

1.5%

1Y

-26.8%

Updated

17 Aug, 2022

Data

Company Financials
DIPD.N0000 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Dipped Products
Historical stock prices
Current Share PriceLK₨41.70
52 Week HighLK₨72.00
52 Week LowLK₨21.00
Beta1.25
1 Month Change55.60%
3 Month Change29.10%
1 Year Change-26.84%
3 Year Change421.25%
5 Year Change378.21%
Change since IPO2,736.33%

Recent News & Updates

Shareholder Returns

DIPD.N0000LK ChemicalsLK Market
7D1.5%5.9%8.0%
1Y-26.8%-5.2%5.6%

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.

Price Volatility

Is DIPD.N0000's price volatile compared to industry and market?
DIPD.N0000 volatility
DIPD.N0000 Average Weekly Movement10.1%
Chemicals Industry Average Movement9.4%
Market Average Movement8.6%
10% most volatile stocks in LK Market13.3%
10% least volatile stocks in LK Market4.8%

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

FoundedEmployeesCEOWebsite
197616,181Soon Nghttps://www.dplgroup.com

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

How do Dipped Products's earnings and revenue compare to its market cap?
DIPD.N0000 fundamental statistics
Market CapLK₨24.96b
Earnings (TTM)LK₨7.84b
Revenue (TTM)LK₨59.24b

3.2x

P/E Ratio

0.4x

P/S Ratio

Is DIPD.N0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DIPD.N0000 income statement (TTM)
RevenueLK₨59.24b
Cost of RevenueLK₨46.49b
Gross ProfitLK₨12.75b
Other ExpensesLK₨4.91b
EarningsLK₨7.84b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)13.10
Gross Margin21.52%
Net Profit Margin13.23%
Debt/Equity Ratio51.0%

How did DIPD.N0000 perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

8%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DIPD.N0000 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

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

  • Analyst Forecast

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.

DIPD.N0000 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/EBITDA4.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does DIPD.N0000's PE Ratio compare to its peers?

DIPD.N0000 PE Ratio vs Peers
The above table shows the PE ratio for DIPD.N0000 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.1x
LLUB.N0000 Chevron Lubricants Lanka
6.1xn/aLK₨22.5b
HAYC.N0000 Haycarb
3.9xn/aLK₨22.2b
REXP.N0000 Richard Pieris Exports
5xn/aLK₨9.9b
APLA.N0000 ACL Plastics
2xn/aLK₨1.9b
DIPD.N0000 Dipped Products
3.2xn/aLK₨25.0b

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.

DIPD.N0000 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.2x
Fair PE Ration/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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Future Growth

How is Dipped Products 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


15.2%

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.

Past Performance

How has Dipped Products performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


52.3%

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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Financial Health

How is Dipped Products's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.92%

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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Management

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

3.8yrs

Average management tenure


CEO

Soon Ng

3.83yrs

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...


Leadership Team

Experienced Management: DIPD.N0000's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: DIPD.N0000's board of directors are considered experienced (7.2 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Dipped Products PLC's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Dipped Products PLC
  • 400, Deans Road
  • Colombo
  • 10
  • Sri Lanka

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.