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No consensus estimates are available for this company.
Overvalued
Morningstar Quantitative Rating as of 9 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 10.14 Fair value 12.11 One-star price 14.45
Morningstar Quantitative Rating as of 9 NOV 2026.
Morningstar Quantitative Rating as of 9 NOV 2026. The slider runs from the five-star price (10.14) to the one-star price (14.45).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 14.60 |
| Price - 12 month high | 16.37 |
| Price - 12 month low | 8.28 |
| Pricing date | 9 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.42 |
| Market capitalization | 2,651.13 |
| 12 Month High price date | 13 OCT 2026 |
| 12 Month Low price date | 9 MAR 2026 |
| Volume - avg. trading volume for the last 3 months | 0.51 |
| Price - 1 Day % Change | 3.03% |
| Price - 13 week price percent change | 10.77% |
| Price - 26 week price percent change | 57.50% |
| Price - 5 Day % Change | 0.76% |
| Price - 52 week price percent change | 43.28% |
| Price - YTD price percent change | 41.89% |
| Price % Change Month To Date | -9.15% |
| EPS excluding extraordinary items - most recent fiscal year | 0.474 |
| EPS excluding extraordinary items - trailing 12 month | 0.590 |
| EPS Normalized - most recent fiscal year | 0.474 |
| Revenue/share - most recent fiscal year | 14.163 |
| Revenue/share - trailing 12 month | 15.048 |
| Book value per share - most recent fiscal year | 1.421 |
| Book value per share - most recent half-year | 1.967 |
| Book value (tangible) per share - most recent fiscal year | 0.943 |
| Book value (tangible) per share - most recent half-year | 1.497 |
| Cash per share - most recent fiscal year | 0.367 |
| Cash per share - most recent half-year | 0.315 |
| Cash Flow per share - most recent fiscal year | 0.534 |
| Cash Flow per share - trailing 12 month | 0.503 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.455 |
| EBITD per share - trailing 12 month | 1.015 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.474 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.590 |
| EPS including extraordinary items - most recent fiscal year | 0.474 |
| EPS including extraordinary items - trailing 12 month | 0.590 |
| Free Cash Flow per share - trailing 12 month | 0.483 |
| P/E excluding extraordinary items, most recent fiscal year | 24.74 |
| P/E Normalized, most recent fiscal year | 24.74 |
| Price to sales - most recent fiscal year | 0.97 |
| Price to Tangible Book - most fiscal year | 9.75 |
| Price to Free Cash Flow per Share - most recent fiscal year | 30.20 |
| Price to Cash Flow per share - trailing 12 month | 29.00 |
| Price to Book - most recent fiscal year | 7.42 |
| P/E excluding extraordinary items high, trailing 12 months | 27.82 |
| P/E excluding extraordinary items low, trailing 12 months | 17.56 |
| Net Debt, LFI | 304.33 |
| Net Debt, LFY | 307.52 |
| Dividend Yield - 5 Year Average | 4.11% |
| Dividend Yield - indicated annual dividend divided by closing price | 3.22% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 3.12% |
| Free Cash Flow - most recent fiscal year | 93.40 |
| LT debt/equity - most recent fiscal year | 105.47% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 145.49% |
| LT debt/equity - most recent half-year | 15.60% |
| Total debt/total equity - most recent half-year | 101.34% |
| Free Cash Flow - trailing 12 month | 87.51 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 2,559.14 |
| Revenue - trailing 12 month | 2,724.22 |
| EBITD - most recent fiscal year | 156.88 |
| EBITD - trailing 12 month | 183.84 |
| Earnings before taxes - most recent fiscal year | 122.16 |
| Earnings before taxes - trailing 12 month | 151.98 |
| Net Income available to common - most recent fiscal year | 85.59 |
| Net Income available to common - trailing 12 months | 106.88 |
| Earnings before taxes Normalized - most recent fiscal year | 122.16 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.59 |
| Net Profit Margin % - 1st historical fiscal year | 3.34% |
| Net Profit Margin % - trailing 12 month | 3.92% |
| Operating margin - 1st historical fiscal year | 5.23% |
| Operating margin - trailing 12 month | 5.90% |
| Pretax margin - trailing 12 month | 5.58% |
| Pretax margin - 1st historical fiscal year | 4.77% |
| Operating Margin - 5 year average | 4.89% |
| Pretax Margin - 5 year average | 4.50% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 1.88% |
| Free Operating Cash Flow/Revenue, TTM | 3.21% |
| Net Profit Margin - 5 year average | 3.15% |
| Return on average assets - most recent fiscal year | 7.58% |
| Return on average assets - trailing 12 month | 8.50% |
| Return on average equity - most recent fiscal year | 33.88% |
| Return on average equity - trailing 12 month | 37.07% |
| Return on average assets - 5 year average | 8.17% |
| Return on average equity - 5 year average | 36.37% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 5.07% |
| EPS growth rate, 5 year | 6.89% |
| Growth rate% - dividend, 3 year | -6.60% |
| Revenue/share (5 yr growth) | 3.56% |
| Growth rate% - Revenue, 3 year | -6.23% |
| Growth rate% - EPS, 3 year | 4.26% |
| Book value per share growth rate, 5 year | 8.65% |
| Capital Spending growth rate, 5 year | -42.40% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 11.41% |
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financials (AUD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Dicker Data (DDR) delivered a strong 1H26 result, with earnings comfortably ahead of expectations and guidance upgraded. The technology refresh cycle we’ve previously highlighted continues to provide a meaningful tailwind, particularly across hardware and software, although after the recent share price strength we think much of the good news is now reflected.
DDR +8.64%: delivered a strong start to FY26, with margins and earnings improving meaningfully as disciplined cost control continued to support the business.
We are reducing equity exposure in the Income Portfolio
The same trends that propelled Harvey Norman (HVN) to new all-time highs this week are playing out in Dicker Data. The technology refresh cycle, driven by cloud/AI hardware upgrades, and Windows 10 end-of-life, is underpinning a strong recovery in DDR earnings after a fairly subdued couple of years.
We are making several changes to the Income Portfolio today
We put DDR on the Income Hit List about 6 weeks ago, when it was trading ~$8.70. The stock has pulled back since following the retirement of Co-Founder, CEO and Chairman David Dicker.
DDR is a rare beast, set to deliver solid growth (sales +10% last quarter), an attractive fully franked dividend yield (5.8%), while trading on an okay valuation (19x) after a reasonably tough period. Dicker Data is the largest IT distributor in the Corporate, Commercial, and Enterprise market in Australia, with the same themes driving outperformance at JB Hi-Fi (JBH) relevant for DDR. i.e. as businesses refresh technology to take advantage of developments in AI – this is the medium-term story.
DDR is hosting its 1H24 results presentation today, but it had previously announced and paid an 11c fully franked dividend this month. Last quarter, DDR disappointed the market with a -10% Q1 sales decline, although margins remained solid, which has left the $1.8bn stock languishing at ~$10.
DDR -0.96%: the hardware & software wholesaler trended lower today on a trading update ahead of their half year results that was a mild disappointment.
MM is neutral DDR above $14
MM is bullish toward DDR
MM is selling DDR in the Active Income Portfolio, taking profit around $10.20
MM remains long & bullish DDR
MM are buying DDR in the Active Income Portfolio, allocating 3% around $8.13
MM is bullish DDR ~$8.00
MM is bullish DDR for income & some growth
MM is neutral towards DDR
Dicker Data Ltd is engaged in the wholesale distribution of computer hardware, software, cloud, access control, surveillance, and emerging technologies. The company is organized into three operating segments: Australia, New Zealand, and Singapore operations. The Maximum revenue is generated from its operations in Australia.
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