Financials DroneShield Limited

Equities

DRO

AU000000DRO2

Aerospace & Defense

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
0.83 ^AUD	-0.60%		-25.89%	+124.32%

Apr. 22	Droneshield Completes Upsized AU$100 Million Placement	MT
Apr. 18	DroneShield Launches AU$70 Million Placement, up to AU$5 Million Share Purchase Plan	MT

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	73.19	99.23	226.2	511.7	-	-
Enterprise Value (EV) ¹	73.19	89.61	172.2	442.3	436.8	606.7
P/E ratio	-17.5 x	-110 x	18.5 x	26.8 x	19.3 x	16 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	-	5.88 x	4.11 x	6.08 x	5.03 x	4.41 x
EV / Revenue	-	5.31 x	3.13 x	5.25 x	4.29 x	5.23 x
EV / EBITDA	-	-44.5 x	36.7 x	22.3 x	15.3 x	16.9 x
EV / FCF	-	-34,490,869 x	-	-	-	-
FCF Yield	-	-0%	-	-	-	-
Price to Book	-	5.5 x	2.47 x	5.53 x	4.15 x	3.32 x
Nbr of stocks (in thousands)	418,226	451,042	611,454	616,504	-	-
Reference price ²	0.1750	0.2200	0.3700	0.8300	0.8300	0.8300
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	84.2	101.8	115.9
EBITDA ¹	-	-2.013	4.689	19.8	28.5	35.9
EBIT ¹	-	-2.929	3.166	17.6	26.2	33.5
Operating Margin	-	-17.34%	5.75%	20.9%	25.74%	28.9%
Earnings before Tax (EBT) ¹	-	-2.929	3.166	18.6	27.1	34.5
Net income ¹	-5.31	-0.9493	9.334	18.8	26.2	32
Net margin	-	-5.62%	16.95%	22.33%	25.74%	27.61%
EPS ²	-0.0100	-0.002000	0.0200	0.0310	0.0430	0.0520
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	-	-	-	-	-	95
Net Cash position ¹	-	9.62	54.1	69.4	74.9	-
Leverage (Debt/EBITDA)	-	-	-	-	-	2.646 x
Free Cash Flow	-	-2.6	-	-	-	-
ROE (net income / shareholders' equity)	-	-	20%	20%	22%	21%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	0.0400	0.1500	0.1500	0.2000	0.2500
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	0.83	1.73	2.7	2.9	3
Capex / Sales	-	4.93%	3.15%	3.21%	2.85%	2.59%
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

HOLD

Number of Analysts

Last Close Price

0.83 AUD

Average target price

1 AUD

Spread / Average Target

+20.48%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Aerospace & Defense Electronics

	1st Jan change	Capi.
DRONESHIELD LIMITED	+124.32%	334M
PARSONS CORPORATION	+27.14%	8.44B
ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI	+31.39%	8.3B
DATA PATTERNS (INDIA) LIMITED	+66.83%	2.08B
INVISIO AB	+22.19%	982M
SUN CREATE ELECTRONICS CO., LTD	-4.86%	724M
XI'AN CHENXI AVIATION TECHNOLOGY CORP., LTD.	-13.12%	648M
TELLHOW SCI-TECH CO., LTD.	-23.20%	604M
GUANDIAN DEFENSE TECHNOLOGY CO.,LTD.	-1.62%	496M
PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED	+2.93%	346M

Aerospace & Defense Electronics