OM:DRIL

Stock Analysis Report

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Market Cap

kr359.5m

Last Updated

2021/06/17 22:42 UTC

Data Sources

Company Financials

Executive Summary

Drillcon AB (publ), together with its subsidiaries, operates as a diamond core drilling and raise boring contractor in Europe, Latin America, and internationally. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DRIL is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DRIL's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-6.1%

DRIL

-7.1%

SE Metals and Mining

-0.5%

SE Market


1 Year Return

51.5%

DRIL

52.7%

SE Metals and Mining

41.8%

SE Market

Return vs Industry: DRIL underperformed the Swedish Metals and Mining industry which returned 55.8% over the past year.

Return vs Market: DRIL exceeded the Swedish Market which returned 42.7% over the past year.


Shareholder returns

DRILIndustryMarket
7 Day-6.1%-7.1%-0.5%
30 Day-22.1%-6.6%2.8%
90 Day-13.3%-3.2%6.5%
1 Year62.5%51.5%57.0%52.7%46.7%41.8%
3 Year67.5%47.6%9.1%0.3%74.2%57.1%
5 Year212.2%148.0%112.8%83.4%110.8%69.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Drillcon undervalued compared to its fair value and its price relative to the market?

33.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DRIL (SEK8.1) is trading below our estimate of fair value (SEK11.99)

Significantly Below Fair Value: DRIL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DRIL is poor value based on its PE Ratio (56.2x) compared to the Swedish Metals and Mining industry average (23.3x).

PE vs Market: DRIL is poor value based on its PE Ratio (56.2x) compared to the Swedish market (24.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DRIL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DRIL's PB Ratio (2x) is in line with the SE Metals and Mining industry average.


Future Growth

How is Drillcon forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-8.7%

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 Drillcon 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.


Past Performance

How has Drillcon performed over the past 5 years?

16.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRIL has high quality earnings.

Growing Profit Margin: DRIL's current net profit margins (2%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: DRIL has become profitable over the past 5 years, growing earnings by 16.9% per year.

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

Earnings vs Industry: DRIL had negative earnings growth (-81.7%) over the past year, making it difficult to compare to the Metals and Mining industry average (-14.6%).


Return on Equity

High ROE: DRIL's Return on Equity (3.6%) is considered low.


Financial Health

How is Drillcon's financial position?


Financial Position Analysis

Short Term Liabilities: DRIL's short term assets (SEK159.7M) exceed its short term liabilities (SEK90.6M).

Long Term Liabilities: DRIL's short term assets (SEK159.7M) exceed its long term liabilities (SEK32.5M).


Debt to Equity History and Analysis

Debt Level: DRIL's debt to equity ratio (13.7%) is considered satisfactory.

Reducing Debt: DRIL's debt to equity ratio has reduced from 25.7% to 13.7% over the past 5 years.

Debt Coverage: DRIL's debt is well covered by operating cash flow (96.1%).

Interest Coverage: DRIL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Drillcon current dividend yield, its reliability and sustainability?

8.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DRIL's dividend (8.64%) is higher than the bottom 25% of dividend payers in the Swedish market (1.1%).

High Dividend: DRIL's dividend (8.64%) is in the top 25% of dividend payers in the Swedish market (3.35%)


Stability and Growth of Payments

Stable Dividend: DRIL's dividend payments have been volatile in the past 10 years.

Growing Dividend: DRIL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (485.6%), DRIL's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.8yrs

Average board tenure


CEO

Patrik Rylander (59 yo)

no data

Tenure

Mr. Patrik Rylander serves as the Chief Executive Officer at Drillcon AB and has been its Managing Director of Drillcon Norway since November 14, 2016. Mr. Rylander serves as Managing Director of Sales at ...


Board Members

Experienced Board: DRIL's board of directors are not considered experienced ( 1.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Drillcon AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Drillcon AB (publ)
  • Ticker: DRIL
  • Exchange: OM
  • Founded: 1963
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: kr359.476m
  • Shares outstanding: 44.60m
  • Website: https://www.drillcon.se

Number of Employees


Location

  • Drillcon AB (publ)
  • Industrivägen n.2
  • Nora
  • Örebro County
  • 713 30
  • Sweden

Listings


Biography

Drillcon AB (publ), together with its subsidiaries, operates as a diamond core drilling and raise boring contractor in Europe, Latin America, and internationally. It offers various drilling services, such ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 22:42
End of Day Share Price2021/06/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.