DDH1 LIMITED (DDH)
Share Price Analysis and Chart

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DDH - DDH1 LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.41
Index: ALL-ORDS

DDH1 Limited is a mineral drilling company specialising in deep hole directional drilling services across Australia. Founded in 2006, the company listed on the ASX in March 2021.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.82

25 Sep
2023

0.000

OPEN

$0.81

0.000

HIGH

$0.83

1,637,623

LOW

$0.80

TARGET
$0.88 7.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . BLY . C79 . CDA . CDD . DCG . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
DDH: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 10.3 13.0 xxx
DPS (cps) xxx 17.7 5.5 xxx
EPS Growth xxx 8.1% 26.0% xxx
DPS Growth xxx 100.0% - 69.2% xxx
PE Ratio xxx N/A 6.3 xxx
Dividend Yield xxx N/A 6.6% xxx
Div Pay Ratio(%) xxx 171.2% 41.9% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 21.55

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/09 - ex-div 1.96c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 20192020202120222023
EPS Basic xxxxxxxxxxxx10.3
DPS All xxxxxxxxxxxx17.7
Sales/Revenue xxxxxxxxxxxx550.4 M
Book Value Per Share xxxxxxxxxxxx87.0
Net Operating Cash Flow xxxxxxxxxxxx123.1 M
Net Profit Margin xxxxxxxxxxxx7.73 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20192020202120222023
Return on Capital Employed xxxxxxxxxxxx12.45 %
Return on Invested Capital xxxxxxxxxxxx11.05 %
Return on Assets xxxxxxxxxxxx8.29 %
Return on Equity xxxxxxxxxxxx12.45 %
Return on Total Capital xxxxxxxxxxxx13.10 %
Free Cash Flow ex dividends xxxxxxxxxxxx28.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 20192020202120222023
Short-Term Debt xxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxx42 M
Total Debt xxxxxxxxxxxx46 M
Goodwill - Gross xxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxx25 M
Price To Book Value xxxxxxxxxxxx0.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20192020202120222023
Capex xxxxxxxxxxxx71.3 M
Capex % of Sales xxxxxxxxxxxx12.94 %
Cost of Goods Sold xxxxxxxxxxxx399 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx101 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

30/08/2023

3

Neutral

$0.90

9.76%

The DDH1 FY23 results were in line with guidance and Macquarie believes it was a solid result given the tough industry conditions.

 Adjusting for the flagged -$7m unwinding of other income signals to Macquarie underlying growth in FY24 EBITDA guidance of $123-130m is around 9-15%. Capital expenditure is expected to reduce to around $60m in FY24.

The next catalyst is the Perenti ((PRN)) "merger", expected to complete in October. Neutral maintained. Target is reduced to $0.90 from $1.01, to be closer to the implied bid price.

FORECAST
Macquarie forecasts a full year FY24 dividend of 5.40 cents and EPS of 13.50 cents.
Macquarie forecasts a full year FY25 dividend of 6.60 cents and EPS of 16.60 cents.
Access Stockbroker Research History >

DDH STOCK CHART

FNArena News on DDH

1
Australian Broker Call *Extra* Edition – Sep 11, 2023

Sep 11 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 30-08-2023

Aug 30 2023 - Australia
3
In Brief: Infrastructure, Non-Banks, Mining Services & Affluent Aussies

Jul 07 2023 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 30-06-23

Jul 03 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Jun 30, 2023

Jun 30 2023 - Daily Market Reports

Latest Mining Sector Contracting News

1
Orica’s Green Ambitions Well-Received

Sep 25 2023 - Australia
2
Gold & Copper Add Confidence To DDH1’s Future

Feb 08 2023 - Small Caps
3
Mader Group Targets US Growth

Dec 22 2022 - Small Caps
4
Perenti Pleases with Guidance Upgrade

Dec 22 2022 - Small Caps
5
The Evolution of Imdex

Sep 15 2022 - Small Caps
6
Treasure Chest: Mining Services Undervalued

May 18 2022 - Treasure Chest
7
DDH1 On The Expansion Trail

Sep 10 2021 - Small Caps
8
New Work The Catalyst For Monadelphous

Aug 27 2021 - Australia
9
Labour Pressures Weigh On NRW Holdings

Aug 24 2021 - Australia
10
Finding Winners In Mining Services

Aug 18 2021 - Weekly Reports