DICKER DATA LIMITED (DDR)
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DDR

DDR - DICKER DATA LIMITED

FNArena Sector : Hardware & Equipment
Year End: December
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 2.45
Index: ASX300 | ALL-ORDS | ALL-TECH

Dicker Data is an Australian technology hardware, software and cloud distributor. Its portfolio of products include Cisco, Hewlett Packard, Microsoft and Lenovo. Founded in 1978, the company listed in 2011.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.11

24 Mar
2025

-0.140

OPEN

$8.25

-1.70%

HIGH

$8.32

301,153

LOW

$8.10

TARGET
$10.25 26.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
4DS . AD8 . AKP . AVA . BLG . CDA . CYG . DRO . EOS . HTG . IKE . SEN . SLX . SPZ . TZL . WBT .
FNARENA'S MARKET CONSENSUS FORECASTS
DDR: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 43.6 49.5 xxx
DPS (cps) xxx 44.0 47.6 xxx
EPS Growth xxx - 4.3% 13.5% xxx
DPS Growth xxx - 2.2% 8.2% xxx
PE Ratio xxx N/A 16.6 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 100.9% 96.2% xxx

Dividend yield today if purchased 3 years ago: 3.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.36

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: 15/11 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx43.6
DPS All xxxxxxxxxxxxxxx44.0
Sales/Revenue xxxxxxxxxxxxxxx2,272.8 M
Book Value Per Share xxxxxxxxxxxxxxx138.3
Net Operating Cash Flow xxxxxxxxxxxxxxx75.9 M
Net Profit Margin xxxxxxxxxxxxxxx3.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx31.16 %
Return on Invested Capital xxxxxxxxxxxxxxx20.21 %
Return on Assets xxxxxxxxxxxxxxx7.91 %
Return on Equity xxxxxxxxxxxxxxx31.16 %
Return on Total Capital xxxxxxxxxxxxxxx22.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-12.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx111 M
Long Term Debt xxxxxxxxxxxxxxx258 M
Total Debt xxxxxxxxxxxxxxx369 M
Goodwill - Gross xxxxxxxxxxxxxxx62 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx6.09

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx4.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,110 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx27 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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

28/02/2025

1

Buy

$10.20

25.77%

UBS notes Dicker Data's gross margins softened in 2H24 but expects it to improve in FY25 to 9.7% from 9.5% in 2H24 based on some pickup in the SME sector in 4Q24 and improvement in PC refresh cycle.

The broker notes the key upside risk is from stronger SME sector recovery. The broker is forecasting the cost of doing business (CODB) margins at 5.4% in FY25 but notes there is upside risk from NZ profit margin expansion and lower-than-expected bad debt provisions.

Target price rises to $10.2 from $10.0. Buy rating maintained.

FORECAST
UBS forecasts a full year FY25 EPS of 49.00 cents.
UBS forecasts a full year FY26 EPS of 53.00 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

06/03/2025

1

Buy

$10.88

34.16%

Jarden notes Dicker Data's FY24 result showed revenue and profit before tax accelerating in 4Q, supporting its view the company will benefit as the PC refresh cycle advances in FY25.

The broker slightly lowered revenue forecasts after making more moderate revenue growth assumptions for FY25-27 to reflect tougher FY25 comps over 4Q24.

The profit before tax margins were upgraded by 1bp from interest rate cut benefits and lower expense forecasts. Target price rises to $10.88 from $10.60. Buy retained.

FORECAST
Jarden forecasts a full year FY25 EPS of 48.20 cents.
Jarden forecasts a full year FY26 EPS of 53.50 cents.

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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DDR STOCK CHART