DRDGOLD LTD-SPONSORED ADR (DRD) Stock Fundamental Analysis
USA - NYSE:DRD - US26152H3012 - ADR
28.08 USD
+0.48 (+1.74%)
28.0997 USD
+0.02 (+0.07%)
DRD gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 156 industry peers in the Metals & Mining industry. While DRD has a great profitability rating, there are some minor concerns on its financial health. DRD has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
DRD had positive earnings in the past year.
DRD had a positive operating cash flow in the past year.
DRD had positive earnings in each of the past 5 years.
Each year in the past 5 years DRD had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 26.24%, DRD belongs to the best of the industry, outperforming 98.72% of the companies in the same industry.
DRD has a Return On Equity of 36.17%. This is amongst the best in the industry. DRD outperforms 98.08% of its industry peers.
The Return On Invested Capital of DRD (26.85%) is better than 99.36% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DRD is above the industry average of 12.87%.
The 3 year average ROIC (15.57%) for DRD is below the current ROIC(26.85%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 26.24% | ||
| ROE | 36.17% | ||
| ROIC | 26.85% |
ROA(3y)16.03%
ROA(5y)17.33%
ROE(3y)21.65%
ROE(5y)23.1%
ROIC(3y)15.57%
ROIC(5y)16.67%
1.3 Margins
DRD has a Profit Margin of 27.51%. This is amongst the best in the industry. DRD outperforms 92.31% of its industry peers.
DRD's Profit Margin has improved in the last couple of years.
DRD's Operating Margin of 35.35% is amongst the best of the industry. DRD outperforms 87.82% of its industry peers.
DRD's Operating Margin has improved in the last couple of years.
The Gross Margin of DRD (38.03%) is better than 76.28% of its industry peers.
In the last couple of years the Gross Margin of DRD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.35% | ||
| PM (TTM) | 27.51% | ||
| GM | 38.03% |
OM growth 3Y15.94%
OM growth 5Y10.54%
PM growth 3Y9.04%
PM growth 5Y13.41%
GM growth 3Y13.88%
GM growth 5Y5.92%
2. Health
2.1 Basic Checks
DRD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
DRD has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, DRD has more shares outstanding
Compared to 1 year ago, DRD has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of DRD is 0.01, which is an excellent value as it means it would take DRD, only 0.01 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.01, DRD belongs to the best of the industry, outperforming 96.79% of the companies in the same industry.
DRD has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of DRD (0.00) is better than 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.73
WACC15.56%
2.3 Liquidity
DRD has a Current Ratio of 2.28. This indicates that DRD is financially healthy and has no problem in meeting its short term obligations.
DRD has a Current ratio (2.28) which is comparable to the rest of the industry.
A Quick Ratio of 1.76 indicates that DRD should not have too much problems paying its short term obligations.
DRD has a Quick ratio (1.76) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.76 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 141.66% over the past year.
The Earnings Per Share has been growing by 26.15% on average over the past years. This is a very strong growth
Looking at the last year, DRD shows a very strong growth in Revenue. The Revenue has grown by 87.20%.
DRD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.49% yearly.
EPS 1Y (TTM)141.66%
EPS 3Y25.64%
EPS 5Y26.15%
EPS Q2Q%203.09%
Revenue 1Y (TTM)87.2%
Revenue growth 3Y15.46%
Revenue growth 5Y13.49%
Sales Q2Q%141.26%
3.2 Future
DRD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.26% yearly.
The Revenue is expected to grow by 6.17% on average over the next years.
EPS Next Y25.76%
EPS Next 2Y28.58%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue Next Year7.84%
Revenue Next 2Y14.12%
Revenue Next 3Y6.17%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
DRD is valuated correctly with a Price/Earnings ratio of 13.00.
Based on the Price/Earnings ratio, DRD is valued cheaper than 93.59% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.79, DRD is valued rather cheaply.
The Price/Forward Earnings ratio is 14.89, which indicates a correct valuation of DRD.
Based on the Price/Forward Earnings ratio, DRD is valued a bit cheaper than the industry average as 67.95% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.21. DRD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 14.89 |
4.2 Price Multiples
75.64% of the companies in the same industry are more expensive than DRD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.3 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
DRD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
DRD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.5
PEG (5Y)0.5
EPS Next 2Y28.58%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
DRD has a Yearly Dividend Yield of 1.53%.
Compared to an average industry Dividend Yield of 2.48, DRD pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.41, DRD is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.53% |
5.2 History
The dividend of DRD decreases each year by -7.34%.
DRD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-7.34%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DRD pays out 13.42% of its income as dividend. This is a sustainable payout ratio.
DP13.42%
EPS Next 2Y28.58%
EPS Next 3Y11.26%
28.08
+0.48 (+1.74%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners15.6%
Inst Owner Change4.22%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.42B
Analysts45
Price Target19.19 (-31.66%)
Short Float %5.83%
Short Ratio3.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.53% |
Yearly Dividend0.29
Dividend Growth(5Y)-7.34%
DP13.42%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)14.5%
PT rev (3m)42.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)8.63%
EPS NY rev (3m)42.51%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13 | ||
| Fwd PE | 14.89 | ||
| P/S | 3.58 | ||
| P/FCF | 33.3 | ||
| P/OCF | 11.91 | ||
| P/B | 4.71 | ||
| P/tB | 4.71 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.16
EY7.69%
EPS(NY)1.89
Fwd EY6.71%
FCF(TTM)0.84
FCFY3%
OCF(TTM)2.36
OCFY8.39%
SpS7.84
BVpS5.96
TBVpS5.96
PEG (NY)0.5
PEG (5Y)0.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 26.24% | ||
| ROE | 36.17% | ||
| ROCE | 36.72% | ||
| ROIC | 26.85% | ||
| ROICexc | 30.38% | ||
| ROICexgc | 30.38% | ||
| OM | 35.35% | ||
| PM (TTM) | 27.51% | ||
| GM | 38.03% | ||
| FCFM | 10.75% |
ROA(3y)16.03%
ROA(5y)17.33%
ROE(3y)21.65%
ROE(5y)23.1%
ROIC(3y)15.57%
ROIC(5y)16.67%
ROICexc(3y)18.93%
ROICexc(5y)23.19%
ROICexgc(3y)18.93%
ROICexgc(5y)23.19%
ROCE(3y)21.3%
ROCE(5y)22.79%
ROICexcg growth 3Y-1.77%
ROICexcg growth 5Y0.1%
ROICexc growth 3Y-1.77%
ROICexc growth 5Y0.1%
OM growth 3Y15.94%
OM growth 5Y10.54%
PM growth 3Y9.04%
PM growth 5Y13.41%
GM growth 3Y13.88%
GM growth 5Y5.92%
F-Score8
Asset Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 19.3% | ||
| Interest Coverage | 359.07 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 39.1% | ||
| Current Ratio | 2.28 | ||
| Quick Ratio | 1.76 | ||
| Altman-Z | N/A |
F-Score8
WACC15.56%
ROIC/WACC1.73
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)32.44%
Cap/Sales(5y)23.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)141.66%
EPS 3Y25.64%
EPS 5Y26.15%
EPS Q2Q%203.09%
EPS Next Y25.76%
EPS Next 2Y28.58%
EPS Next 3Y11.26%
EPS Next 5YN/A
Revenue 1Y (TTM)87.2%
Revenue growth 3Y15.46%
Revenue growth 5Y13.49%
Sales Q2Q%141.26%
Revenue Next Year7.84%
Revenue Next 2Y14.12%
Revenue Next 3Y6.17%
Revenue Next 5YN/A
EBIT growth 1Y156.08%
EBIT growth 3Y33.87%
EBIT growth 5Y25.45%
EBIT Next Year21.16%
EBIT Next 3Y15.49%
EBIT Next 5YN/A
FCF growth 1Y210.15%
FCF growth 3Y11.19%
FCF growth 5Y5.8%
OCF growth 1Y90.28%
OCF growth 3Y32.84%
OCF growth 5Y25.48%