Master Drilling Group
Market Cap
R1.0b
Last Updated
2021/01/16 17:40 UTC
Data Sources
Company Financials +
Executive Summary
Master Drilling Group Limited, an investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydro-electric power sectors. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
Share Price & News
How has Master Drilling Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MDI is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MDI's weekly volatility has decreased from 14% to 7% over the past year.
Market Performance
7 Day Return
-11.0%
MDI
-0.03%
ZA Metals and Mining
1.0%
ZA Market
1 Year Return
-30.8%
MDI
32.6%
ZA Metals and Mining
-2.1%
ZA Market
Return vs Industry: MDI underperformed the ZA Metals and Mining industry which returned 32.6% over the past year.
Return vs Market: MDI underperformed the ZA Market which returned -2.2% over the past year.
Shareholder returns
| MDI | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.0% | -0.03% | 1.0% |
| 30 Day | -4.9% | 6.5% | 3.4% |
| 90 Day | -10.2% | 3.9% | 12.0% |
| 1 Year | -30.8%-30.8% | 37.6%32.6% | 3.0%-2.1% |
| 3 Year | -48.9%-51.3% | 234.4%198.2% | 3.4%-17.7% |
| 5 Year | -39.1%-42.9% | 418.0%335.4% | 50.6%8.4% |
Long-Term Price Volatility Vs. Market
How volatile is Master Drilling Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Master Drilling Group (JSE:MDI) Share Prices Have Dropped 48% In The Last Three Years1 month ago | Simply Wall St
Have Insiders Been Selling Master Drilling Group Limited (JSE:MDI) Shares?1 month ago | Simply Wall St
The Trends At Master Drilling Group (JSE:MDI) That You Should Know AboutValuation
Is Master Drilling Group undervalued compared to its fair value and its price relative to the market?
10.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MDI (ZAR6.85) is trading below our estimate of fair value (ZAR7.64)
Significantly Below Fair Value: MDI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MDI is good value based on its PE Ratio (5.7x) compared to the ZA Metals and Mining industry average (14.9x).
PE vs Market: MDI is good value based on its PE Ratio (5.7x) compared to the ZA market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MDI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MDI is good value based on its PB Ratio (0.5x) compared to the ZA Metals and Mining industry average (1.2x).
Next Steps
Future Growth
How is Master Drilling Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
9.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MDI's forecast earnings growth is above the savings rate (9.3%).
Earnings vs Market: Insufficient data to determine if MDI's earnings are forecast to grow faster than the ZA market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MDI's revenue (9.6% per year) is forecast to grow slower than the ZA market (10.3% per year).
High Growth Revenue: MDI's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MDI's Return on Equity is forecast to be low in 3 years time (8.5%).
Next Steps
Past Performance
How has Master Drilling Group performed over the past 5 years?
-7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDI has high quality earnings.
Growing Profit Margin: MDI's current net profit margins (8.7%) are lower than last year (11%).
Past Earnings Growth Analysis
Earnings Trend: MDI's earnings have declined by 7.9% per year over the past 5 years.
Accelerating Growth: MDI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MDI had negative earnings growth (-24%) over the past year, making it difficult to compare to the Metals and Mining industry average (117.2%).
Return on Equity
High ROE: MDI's Return on Equity (7.3%) is considered low.
Next Steps
Financial Health
How is Master Drilling Group's financial position?
Financial Position Analysis
Short Term Liabilities: MDI's short term assets ($94.6M) exceed its short term liabilities ($38.9M).
Long Term Liabilities: MDI's short term assets ($94.6M) exceed its long term liabilities ($50.2M).
Debt to Equity History and Analysis
Debt Level: MDI's debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: MDI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: MDI's debt is well covered by operating cash flow (45%).
Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Master Drilling Group current dividend yield, its reliability and sustainability?
2.55%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MDI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MDI'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 MDI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MDI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MDI is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MDI's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Danie Pretorius (62 yo)
8.5yrs
Tenure
US$646,103
Compensation
Mr. Daniel Coenraad Pretorius, also known as Danie founded Master Drilling Group Limited in 1986 and has been its Chief Executive Officer since July 17, 2012. Mr. Pretorius founded Master Drilling in 1986 ...
CEO Compensation Analysis
Compensation vs Market: Danie's total compensation ($USD646.10K) is above average for companies of similar size in the ZA market ($USD306.13K).
Compensation vs Earnings: Danie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 8.5yrs | US$646.10k | 0.33% $ 3.4m | |
| CFO, Financial Director & Executive Director | 9.75yrs | US$687.36k | 0.58% $ 6.0m | |
| COO & Executive Director | 8.17yrs | US$665.21k | no data | |
| Technical Director & Executive Director | 8.5yrs | US$678.42k | 1.18% $ 12.2m | |
| Chief Operating Officer of Exploration | 5.33yrs | US$302.60k | 0.069% $ 719.3k | |
| Chief Strategy Officer | 1yr | US$152.21k | no data | |
| Group HR Manager | no data | no data | no data | |
| Chief Operating Officer of South Africa & India Operations | 1yr | no data | no data | |
| Company Secretary | 5.08yrs | no data | no data |
5.1yrs
Average Tenure
49.5yo
Average Age
Experienced Management: MDI's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 8.5yrs | US$646.10k | 0.33% $ 3.4m | |
| CFO, Financial Director & Executive Director | 9.75yrs | US$687.36k | 0.58% $ 6.0m | |
| COO & Executive Director | 8.17yrs | US$665.21k | no data | |
| Technical Director & Executive Director | 8.5yrs | US$678.42k | 1.18% $ 12.2m | |
| Chief Operating Officer of Exploration | 5.33yrs | US$302.60k | 0.069% $ 719.3k | |
| Independent Non-Executive Chairman | 6.5yrs | US$61.23k | no data | |
| Independent Non-Executive Director | 8.17yrs | US$39.53k | no data | |
| Non-Independent Non-Executive Director | 8.33yrs | no data | no data | |
| Independent Non-Executive Director | 0.58yr | no data | no data | |
| Lead Independent Director | 1.17yrs | US$29.34k | no data | |
| Independent Non-Executive Director | 2.58yrs | US$29.34k | no data |
8.2yrs
Average Tenure
56yo
Average Age
Experienced Board: MDI's board of directors are considered experienced (8.2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Master Drilling Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Master Drilling Group Limited
- Ticker: MDI
- Exchange: JSE
- Founded: 1986
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: R1.036b
- Shares outstanding: 151.26m
- Website: https://www.masterdrilling.com
Number of Employees
Location
- Master Drilling Group Limited
- 4 Bosman Street
- Fochville
- Gauteng
- 2515
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MDI | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Dec 2012 |
Biography
Master Drilling Group Limited, an investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydro-elec...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 17:40 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.