DROPSUITE LIMITED (DSE)
Share Price Analysis and Chart

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DSE - DROPSUITE LIMITED

FNArena Sector : Cloud services
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: 0.1
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.40

22 Jul
2024

0.330

OPEN

$3.15

10.75%

HIGH

$3.42

441,492

LOW

$3.15

TARGET
$3.97

+0.23 change from previous day

 16.8% upside
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . BTH . DUB . DUG . ERD . FCL . FCT . GDC . LVT . MAQ . MP1 . NXT . RCL . SDR . SOV . TNE . WTC . XPN .
FNARENA'S MARKET CONSENSUS FORECASTS
DSE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.3 3.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 8.0% 55.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 99.2 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx30.6 M
Book Value Per Share xxxxxxxxxxxxxxx39.3
Net Operating Cash Flow xxxxxxxxxxxxxxx2.3 M
Net Profit Margin xxxxxxxxxxxxxxx5.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.14 %
Return on Invested Capital xxxxxxxxxxxxxxx6.14 %
Return on Assets xxxxxxxxxxxxxxx5.46 %
Return on Equity xxxxxxxxxxxxxxx6.14 %
Return on Total Capital xxxxxxxxxxxxxxx4.52 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx7.24

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx24 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

23/07/2024

1

Buy

$4.10

20.59%

Dropsuite's June-quarter update outpaced Shaw and Partners's forecasts yet again, paving the way for a potential FY24 annual recurring revenue (ARR) growth in excess of the broker's 30% forecast.

The June first-half appears to be nosing out guidance, observes the broker, auguring a beat on FY24 profit and cash flow.

Management reiterated that it was well placed to continue delivering strong ARR growth; would continue to pursue high conviction mergers and acquisitions; and that profitability and cash flow would broadly match that of FY23.

Buy rating and $4.10 target price retained.

FORECAST
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of 2.60 cents.
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.30 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Petra Capital

24/04/2024

1

Buy

$0.32

-90.59%

Petra Capital reiterates its Buy rating on Dropsuite while maintaining its 12-month target price at $0.32.

The broker highlights the 1Q24 update indicates a business growing faster than the broader market, despite a lower-than-expected revenue run rate.

A decline in net user gain (73,000 versus 109,000 estimated) caused a downward revision to Dropsuite's annual recurring revenue (ARR) forecast to US$29.9m from US$30.7m.

Despite this setback, the trend remains positive, with ARR increasing by 7% in US dollars and 9% in Australian dollars compared to the previous quarter.

The potential risks identified include higher customer churn due to competitive pressures, most notably in the Europe, Middle East, and Africa (EMEA) region.

FORECAST
Petra Capital forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.30 cents.
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.30 cents.
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