Financials DroneShield Limited

Equities

DRO

AU000000DRO2

Aerospace & Defense

Market Closed - Australian S.E. Other stock markets 02:10:41 2024-05-02 am EDT			5-day change	1st Jan Change
0.81 ^AUD	-2.99%		-12.90%	+118.92%

Apr. 30	DroneShield to Close Share Purchase Plan Early Due to Oversubscription; Shares Up 3%	MT
Apr. 22	Droneshield Completes Upsized AU$100 Million Placement	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	73.19	99.23	226.2	588.1	-	-
Enterprise Value (EV) ¹	73.19	89.61	172.2	452.3	454.9	434.8
P/E ratio	-17.5 x	-110 x	18.5 x	25.3 x	19.4 x	14.6 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	-	5.88 x	4.11 x	6.04 x	4.82 x	3.93 x
EV / Revenue	-	5.31 x	3.13 x	4.64 x	3.73 x	2.91 x
EV / EBITDA	-	-44.5 x	36.7 x	17.3 x	11.8 x	8.31 x
EV / FCF	-	-34,490,869 x	-	-	-	-
FCF Yield	-	-0%	-	-	-	-
Price to Book	-	5.5 x	2.47 x	3.09 x	2.61 x	2.2 x
Nbr of stocks (in thousands)	418,226	451,042	611,454	704,281	-	-
Reference price ²	0.1750	0.2200	0.3700	0.8350	0.8350	0.8350
Announcement Date	2/21/22	2/26/23	2/27/24	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	16.89	55.08	97.4	122	149.5
EBITDA ¹	-	-2.013	4.689	26.1	38.4	52.3
EBIT ¹	-	-2.929	3.166	23.9	35.9	49.4
Operating Margin	-	-17.34%	5.75%	24.54%	29.43%	33.04%
Earnings before Tax (EBT) ¹	-	-2.929	3.166	24.8	36.8	50.4
Net income ¹	-5.31	-0.9493	9.334	24.2	34.7	45.6
Net margin	-	-5.62%	16.95%	24.85%	28.44%	30.5%
EPS ²	-0.0100	-0.002000	0.0200	0.0330	0.0430	0.0570
Free Cash Flow	-	-2.598	-	-	-	-
FCF margin	-	-15.39%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-
Announcement Date	2/21/22	2/26/23	2/27/24	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S2
Net sales ¹	13.21
EBITDA ¹	2.434
EBIT ¹	2.003
Operating Margin	15.16%
Earnings before Tax (EBT)	-
Net income ¹	3.983
Net margin	30.14%
EPS	-
Dividend per Share	-
Announcement Date	2/26/23

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-
Net Cash position ¹	-	9.62	54.1	136	133	153
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow	-	-2.6	-	-	-	-
ROE (net income / shareholders' equity)	-	-	20%	12%	15%	16%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	0.0400	0.1500	0.2700	0.3200	0.3800
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	0.83	1.73	2.7	3.2	3.6
Capex / Sales	-	4.93%	3.15%	2.77%	2.62%	2.41%
Announcement Date	2/21/22	2/26/23	2/27/24	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Ratings for DroneShield Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.835 AUD

Average target price

1 AUD

Spread / Average Target

+19.76%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Aerospace & Defense Electronics

	1st Jan change	Capi.
DRONESHIELD LIMITED	+118.92%	382M
ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI	+35.06%	8.53B
PARSONS CORPORATION	+23.79%	8.22B
DATA PATTERNS (INDIA) LIMITED	+59.57%	1.99B
INVISIO AB	+24.49%	1B
SUN CREATE ELECTRONICS CO., LTD	-7.11%	707M
XI'AN CHENXI AVIATION TECHNOLOGY CORP., LTD.	-18.62%	608M
TELLHOW SCI-TECH CO., LTD.	-25.90%	583M
BEIJING AEROSPACE CHANGFENG CO.,LTD	-19.96%	562M
GUANDIAN DEFENSE TECHNOLOGY CO.,LTD.	-17.53%	417M

Aerospace & Defense Electronics