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DRD

DRDGOLD NYSE:DRD Stock Report

Last Price

US$4.78

Market Cap

US$410.1m

7D

-16.4%

1Y

-43.6%

Updated

26 Sep, 2022

Data

Company Financials +
DRD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

DRD Stock Overview

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa.

DRDGOLD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DRDGOLD
Historical stock prices
Current Share PriceUS$4.78
52 Week HighUS$10.96
52 Week LowUS$4.66
Beta1.31
1 Month Change-17.44%
3 Month Change-21.77%
1 Year Change-43.57%
3 Year Change12.47%
5 Year Change24.80%
Change since IPO-94.03%

Recent News & Updates

Sep 21

DRDGOLD goes ex dividend tomorrow

DRDGOLD (NYSE:DRD) has declared $0.20/share quarterly dividend, in line with previous. Payable Sept. 26; for shareholders of record Sept. 23; ex-div Sept. 22. See DRD Dividend Scorecard, Yield Chart, & Dividend Growth.

Sep 01
DRDGOLD (NYSE:DRD) Has Announced That Its Dividend Will Be Reduced To ZAR0.1801

DRDGOLD (NYSE:DRD) Has Announced That Its Dividend Will Be Reduced To ZAR0.1801

DRDGOLD Limited's ( NYSE:DRD ) dividend is being reduced from last year's payment covering the same period to ZAR0.1801...

Aug 23

DRDGOLD FY 2022 Earnings Preview

DRDGOLD (NYSE:DRD) is scheduled to announce FY earnings results on Wednesday, August 24th, before market open. The consensus EPS Estimate is $0.75 (-99.6% Y/Y) and the consensus Revenue Estimate is $336.54M (+6298.1% Y/Y). Over the last 3 months, EPS estimates have seen 0 upward revisions and 0 downward. Revenue estimates have seen 0 upward revisions and 0 downward.

Shareholder Returns

DRDUS Metals and MiningUS Market
7D-16.4%-11.2%-6.9%
1Y-43.6%-20.1%-23.7%

Return vs Industry: DRD underperformed the US Metals and Mining industry which returned -16.6% over the past year.

Return vs Market: DRD underperformed the US Market which returned -23% over the past year.

Price Volatility

Is DRD's price volatile compared to industry and market?
DRD volatility
DRD Average Weekly Movement7.5%
Metals and Mining Industry Average Movement8.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
1895953Niel Pretoriushttps://www.drdgold.com

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province.

DRDGOLD Fundamentals Summary

How do DRDGOLD's earnings and revenue compare to its market cap?
DRD fundamental statistics
Market CapUS$410.11m
Earnings (TTM)US$54.64m
Revenue (TTM)US$265.33m

7.5x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRD income statement (TTM)
RevenueR4.79b
Cost of RevenueR3.52b
Gross ProfitR1.27b
Other ExpensesR286.10m
EarningsR986.40m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)11.50
Gross Margin26.57%
Net Profit Margin20.59%
Debt/Equity Ratio0%

How did DRD perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

52%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 DRD?

Other financial metrics that can be useful for relative valuation.

DRD 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/Revenue1x
Enterprise Value/EBITDA3.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

DRD PE Ratio vs Peers
The above table shows the PE ratio for DRD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.5x
CMCL Caledonia Mining
5.6x-9.4%US$157.7m
GORO Gold Resource
12.4xn/aUS$135.2m
FTCO Fortitude Gold
8xn/aUS$130.9m
BVN Compañía de Minas BuenaventuraA
7.9x21.3%US$1.5b
DRD DRDGOLD
7.5xn/aUS$410.1m

Price-To-Earnings vs Peers: DRD is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (8.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: DRD is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the US Metals and Mining industry average (6.3x)


Price to Earnings Ratio vs Fair Ratio

What is DRD'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.

DRD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DRD's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: DRD ($4.78) is trading above our estimate of fair value ($3.47)

Significantly Below Fair Value: DRD 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: Insufficient data to show price forecast.


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Future Growth

How is DRDGOLD forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.6%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if DRD's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if DRD's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if DRD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DRD's revenue (14.6% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: DRD's revenue (14.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DRD's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has DRDGOLD performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


65.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DRD has high quality earnings.

Growing Profit Margin: DRD's current net profit margins (20.6%) are lower than last year (24.8%).


Past Earnings Growth Analysis

Earnings Trend: DRD's earnings have grown significantly by 65.9% per year over the past 5 years.

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

Earnings vs Industry: DRD had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (82.4%).


Return on Equity

High ROE: DRD's Return on Equity (19.8%) is considered low.


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Financial Health

How is DRDGOLD's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DRD's short term assets (ZAR2.8B) exceed its short term liabilities (ZAR553.8M).

Long Term Liabilities: DRD's short term assets (ZAR2.8B) exceed its long term liabilities (ZAR1.0B).


Debt to Equity History and Analysis

Debt Level: DRD is debt free.

Reducing Debt: DRD currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: DRD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DRD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.95%

Current Dividend Yield

Dividend Yield vs Market

DRDGOLD Dividend Yield vs Market
How does DRDGOLD dividend yield compare to the market?
SegmentDividend Yield
Company (DRDGOLD)7.0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Metals and Mining)3.8%
Analyst forecast in 3 Years (DRDGOLD)n/a

Notable Dividend: DRD's dividend (6.95%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: DRD's dividend (6.95%) is in the top 25% of dividend payers in the US market (4.57%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52%), DRD's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (62.7%), DRD's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

7.7yrs

Average management tenure


CEO

Niel Pretorius (55 yo)

13.67yrs

Tenure

R37,539,000

Compensation

Mr. Daniel Johannes Pretorius, also known as Niel, B.Proc., LLB, LLM, serves as Chief Executive Officer at DRDGOLD Ltd. since January 1, 2009. Mr. Pretorius served as the Chief Executive Officer of Ergo Mi...


CEO Compensation Analysis

Niel Pretorius's Compensation vs DRDGOLD Earnings
How has Niel Pretorius's remuneration changed compared to DRDGOLD's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021n/an/a

R986m

Sep 30 2021n/an/a

R1b

Jun 30 2021R38mR7m

R1b

Mar 31 2021n/an/a

R1b

Dec 31 2020n/an/a

R1b

Sep 30 2020n/an/a

R943m

Jun 30 2020R19mR7m

R635m

Mar 31 2020n/an/a

R546m

Dec 31 2019n/an/a

R458m

Sep 30 2019n/an/a

R268m

Jun 30 2019R13mR6m

R79m

Mar 31 2019n/an/a

-R11m

Dec 31 2018n/an/a

-R100m

Sep 30 2018n/an/a

-R47m

Jun 30 2018R11mR6m

R7m

Mar 31 2018n/an/a

R39m

Dec 31 2017n/an/a

R72m

Sep 30 2017n/an/a

R43m

Jun 30 2017R6mR6m

R14m

Mar 31 2017n/an/a

R30m

Dec 31 2016n/an/a

R47m

Sep 30 2016n/an/a

R54m

Jun 30 2016R10mR5m

R62m

Compensation vs Market: Niel's total compensation ($USD2.08M) is about average for companies of similar size in the US market ($USD2.89M).

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


Leadership Team

Experienced Management: DRD's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: DRD's board of directors are considered experienced (5.8 years average tenure).


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

What is the ownership structure of DRD?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders100,4810.1%
Private Companies1,473,9431.7%
Institutions19,315,63222.5%
General Public21,591,69425.2%
Public Companies43,315,89450.5%

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


Top Shareholders

Top 25 shareholders own 74.21% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.49%
Sibanye Stillwater Limited
43,315,894ZAR207.0m0%no data
8.51%
Van Eck Associates Corporation
7,302,691ZAR34.9m1.66%0.07%
3.63%
Public Investment Corporation Limited
3,113,543ZAR14.9m0%0.04%
1.86%
The Vanguard Group, Inc.
1,595,254ZAR7.6m0%no data
1.77%
BlackRock, Inc.
1,517,933ZAR7.3m-1.01%no data
1.72%
Gsi Equity Seperation Account
1,473,943ZAR7.0m0%no data
1.26%
Renaissance Technologies LLC
1,082,547ZAR5.2m5.08%0.01%
1.12%
PKO Towarzystwo Funduszy Inwestycyjnych SA
961,703ZAR4.6m35.45%0.28%
0.52%
BNY Mellon Asset Management
442,754ZAR2.1m2.18%no data
0.44%
Dimensional Fund Advisors LP
375,621ZAR1.8m8.34%no data
0.39%
AQR Capital Management, LLC
333,359ZAR1.6m-32.05%no data
0.38%
Ninety One UK Limited
327,348ZAR1.6m0%no data
0.37%
Fidelity International Ltd
314,515ZAR1.5m0%no data
0.36%
Ruffer LLP
309,719ZAR1.5m-20.94%0.02%
0.3%
Abax Investments (Pty) Limited
260,000ZAR1.2m0%0.15%
0.22%
Sanlam Investment Management (Pty) Ltd.
190,854ZAR912.3k0%0.01%
0.21%
Virtus ETF Advisers LLC
178,450ZAR853.0k-7.24%0.13%
0.17%
36ONE Asset Management (Pty) Limited
142,266ZAR680.0k0%0.15%
0.094%
Taquanta Asset Managers (Pty) Ltd
80,757ZAR386.0k0%0.07%
0.094%
Daniel Pretorius
80,481ZAR384.7k0%no data
0.075%
State Street Global Advisors, Inc.
64,776ZAR309.6k0.71%no data
0.072%
Old Mutual Customised Solutions (Pty) Limited
62,181ZAR297.2k0%0.07%
0.059%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
50,642ZAR242.1k0%no data
0.059%
Trexquant Investment LP
50,314ZAR240.5k80.51%0.01%
0.045%
Advisory Services Network, LLC
38,833ZAR185.6k-1.95%0.01%

Company Information

DRDGOLD Limited's employee growth, exchange listings and data sources


Key Information

  • Name: DRDGOLD Limited
  • Ticker: DRD
  • Exchange: NYSE
  • Founded: 1895
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: US$410.113m
  • Shares outstanding: 85.80m
  • Website: https://www.drdgold.com

Number of Employees


Location

  • DRDGOLD Limited
  • Cycad House
  • Building 17
  • Johannesburg
  • Gauteng
  • 1709
  • South Africa


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DUBADB (Deutsche Boerse AG)YesSPON ADR EACH REP 10 ORD NPVDEEURJan 1975
DRDNYSE (New York Stock Exchange)YesSPON ADR EACH REP 10 ORD NPVUSUSDJan 1975
DRD NBMV (Bolsa Mexicana de Valores)YesSPON ADR EACH REP 10 ORD NPVMXMXNJan 1975
DRDG.FOTCPK (Pink Sheets LLC)Ordinary SharesUSUSDDec 1996
DRDJSE (The Johannesburg Securities Exchange)Ordinary SharesZAZARDec 1996
DUB1DB (Deutsche Boerse AG)Ordinary SharesDEEURDec 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.