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Cardno

ASX:CDD
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CDD
ASX
A$213M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide. The last earnings update was 87 days ago. More info.


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  • Cardno has significant price volatility in the past 3 months.
CDD Share Price and Events
7 Day Returns
0%
ASX:CDD
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
-52.7%
ASX:CDD
15%
AU Commercial Services
15.3%
AU Market
CDD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cardno (CDD) 0% -50.3% -43.5% -52.7% -51.5% -86.7%
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • CDD underperformed the Commercial Services industry which returned 15% over the past year.
  • CDD underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
CDD
Industry
5yr Volatility vs Market

CDD Value

 Is Cardno undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cardno to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cardno.

ASX:CDD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CDD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 30%) (69.94%))
0.988
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.988 * 5.96%)
8.2%

Discounted Cash Flow Calculation for ASX:CDD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cardno is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:CDD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.2%)
2020 16.80 Analyst x1 15.53
2021 29.40 Analyst x1 25.11
2022 37.50 Analyst x1 29.60
2023 43.30 Est @ 15.47% 31.59
2024 48.29 Est @ 11.52% 32.56
2025 52.52 Est @ 8.76% 32.73
2026 56.10 Est @ 6.82% 32.32
2027 59.17 Est @ 5.47% 31.50
2028 61.85 Est @ 4.52% 30.43
2029 64.24 Est @ 3.86% 29.21
Present value of next 10 years cash flows A$290.00
ASX:CDD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$64.24 × (1 + 2.31%) ÷ (8.2% – 2.31%)
A$1,116.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$1,116.40 ÷ (1 + 8.2%)10
A$507.68
ASX:CDD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$290.00 + A$507.68
A$797.68
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$797.68 / 444.39
A$1.79
ASX:CDD Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.79
Current discount Discount to share price of A$0.48
= -1 x (A$0.48 - A$1.79) / A$1.79
73.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Cardno is available for.
Intrinsic value
>50%
Share price is A$0.48 vs Future cash flow value of A$1.79
Current Discount Checks
For Cardno to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cardno's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cardno's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cardno's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cardno's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CDD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.10
ASX:CDD Share Price ** ASX (2019-11-15) in AUD A$0.48
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cardno.

ASX:CDD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CDD Share Price ÷ EPS (both in AUD)

= 0.48 ÷ -0.10

-4.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cardno is loss making, we can't compare its value to the AU Commercial Services industry average.
  • Cardno is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Cardno's expected growth come at a high price?
Raw Data
ASX:CDD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
80.2%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cardno, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cardno's assets?
Raw Data
ASX:CDD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.08
ASX:CDD Share Price * ASX (2019-11-15) in AUD A$0.48
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:CDD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CDD Share Price ÷ Book Value per Share (both in AUD)

= 0.48 ÷ 1.08

0.45x

* Primary Listing of Cardno.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cardno is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Cardno's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Cardno has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CDD Future Performance

 How is Cardno expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
80.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cardno expected to grow at an attractive rate?
  • Cardno's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Cardno's earnings growth is expected to exceed the Australia market average.
  • Cardno's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CDD Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CDD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 80.2%
ASX:CDD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -8.7%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CDD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CDD Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 1,004 50 28 1
2021-06-30 987 42 23 1
2020-06-30 967 28 16 1
2019-11-15
ASX:CDD Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,319 41 -44
2019-03-31 1,246 30 -14
2018-12-31 1,173 19 16
2018-09-30 1,145 32 1
2018-06-30 1,117 46 -14
2017-12-31 1,150 38 -20
2017-09-30 1,166 17 -20
2017-06-30 1,182 -4 -19
2016-12-31 1,168 20 -176
2016-09-30 1,166 38 -163

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cardno's earnings are expected to grow significantly at over 20% yearly.
  • Cardno's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CDD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Cardno Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CDD Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.06 0.06 0.06 1.00
2021-06-30 0.05 0.05 0.05 1.00
2020-06-30 0.04 0.04 0.04 1.00
2019-11-15
ASX:CDD Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.10
2019-03-31 -0.03
2018-12-31 0.03
2018-09-30 0.00
2018-06-30 -0.03
2017-12-31 -0.04
2017-09-30 -0.04
2017-06-30 -0.04
2016-12-31 -0.46
2016-09-30 -0.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cardno is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cardno's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cardno has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CDD Past Performance

  How has Cardno performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cardno's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cardno does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Cardno's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cardno's 1-year growth to the AU Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Cardno's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cardno Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CDD Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,319.27 -44.49 2.96
2019-03-31 1,246.29 -14.44 3.40
2018-12-31 1,173.31 15.61
2018-09-30 1,145.14 0.79
2018-06-30 1,116.98 -14.02 3.85
2017-12-31 1,149.67 -20.24
2017-09-30 1,165.85 -19.80
2017-06-30 1,182.03 -19.37
2016-12-31 1,168.10 -175.88
2016-09-30 1,166.35 -162.93
2016-06-30 1,164.61 -149.97
2016-03-31 1,170.36 -180.80
2015-12-31 1,176.12 -211.62
2015-09-30 1,181.03 -197.89
2015-06-30 1,185.95 -184.16
2015-03-31 1,222.30 -58.43
2014-12-31 1,258.65 67.30
2014-09-30 1,284.12 72.72
2014-06-30 1,309.60 78.13
2014-03-31 1,269.02 79.38
2013-12-31 1,228.45 80.63
2013-09-30 1,211.90 79.13
2013-06-30 1,195.35 77.64
2013-03-31 1,157.78 77.92
2012-12-31 1,120.22 78.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Cardno has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cardno has efficiently used its assets last year compared to the AU Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cardno improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cardno's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cardno has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CDD Health

 How is Cardno's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cardno's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cardno is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cardno's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cardno's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cardno Company Filings, last reported 4 months ago.

ASX:CDD Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 478.70 137.68 55.54
2019-03-31 478.70 137.68 55.54
2018-12-31 534.88 185.75 84.59
2018-09-30 534.88 185.75 84.59
2018-06-30 533.21 84.11 71.13
2017-12-31 519.68 77.08 83.76
2017-09-30 519.68 77.08 83.76
2017-06-30 545.28 93.98 80.03
2016-12-31 572.04 84.66 79.23
2016-09-30 572.04 84.66 79.23
2016-06-30 557.10 151.92 105.61
2016-03-31 557.10 151.92 105.61
2015-12-31 702.36 342.08 182.06
2015-09-30 702.36 342.08 182.06
2015-06-30 569.61 392.62 84.75
2015-03-31 569.61 392.62 84.75
2014-12-31 834.96 363.69 60.24
2014-09-30 834.96 363.69 60.24
2014-06-30 763.52 300.49 85.89
2014-03-31 763.52 300.49 85.89
2013-12-31 677.19 258.10 94.71
2013-09-30 677.19 258.10 94.71
2013-06-30 632.52 234.32 90.64
2013-03-31 632.52 234.32 90.64
2012-12-31 575.36 222.81 86.71
  • Cardno's level of debt (28.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (39.4% vs 28.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Cardno has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Cardno has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.9% per year.
X
Financial health checks
We assess Cardno's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cardno has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CDD Dividends

 What is Cardno's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cardno dividends. Estimated to be 0% next year.
If you bought A$2,000 of Cardno shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Cardno's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cardno's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CDD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CDD Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.00 1.00
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-11-15
ASX:CDD Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2017-02-27 0.000 0.000
2016-09-20 0.000 0.000
2016-08-29 0.000 0.000
2016-02-22 0.000 0.000
2015-08-17 0.140 7.993
2014-08-18 0.360 10.125
2014-07-16 0.360 5.864
2014-02-17 0.380 5.721
2013-08-19 0.360 5.497
2013-02-19 0.360 6.043
2012-08-13 0.360 5.044
2012-02-14 0.360 4.982
2011-08-22 0.340 6.488
2011-08-16 0.340 6.375
2011-02-28 0.340 6.061
2010-08-17 0.300 6.012
2010-02-16 0.280 7.014
2009-08-18 0.280 6.315
2009-02-17 0.280 8.527

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cardno has not reported any payouts.
  • Unable to verify if Cardno's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cardno's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cardno has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Cardno's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Cardno's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cardno afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cardno has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CDD Management

 What is the CEO of Cardno's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Susan Reisbord
TENURE AS CEO 0 years
CEO Bio

Ms. Susan Reisbord has been Chief Executive Officer and Managing Director of Cardno Limited since Cardno Limited since November 4, 2019. She served as Chief Executive Officer of Americas Region & President of Science & Environment at Cardno Limited. Ms. Reisbord served as General Manager of Strategic Business Development at Cardno Limited since September 2015. Ms. Reisbord was responsible for working with its regional leadership teams around the globe to implement the Strategic Review, grow the business, and strengthen client relationships. Her experience spans thirty years in the consulting engineering and construction industry. She zjoined Cardno in 2015. She was a senior executive with GHD and MWH Global in North America. Her strategic leadership and business development skills were honed as a front-line Client Service Manager for clients such as the City of New York and General Electric Company. She holds a Master of Physical Sciences in Geochemistry from the University of Chicago (1982 – 1983) and a Bachelor of Science in Geology from the University of Cincinnati (1979 – 1982).

CEO Compensation
  • Insufficient data for Susan to compare compensation growth.
  • Insufficient data for Susan to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the Cardno management team in years:

1
Average Tenure
  • The average tenure for the Cardno management team is less than 2 years, this suggests a new team.
Management Team

Peter Barker

TITLE
CFO & Joint Company Secretary
COMPENSATION
A$841K
TENURE
3.7 yrs

Susan Reisbord

TITLE
CEO, MD & Director

Elena Schamp

TITLE
Chief Technology Officer
TENURE
0.8 yrs

Vikash Naidu

TITLE
General Counsel & Interim Joint Company Secretary
TENURE
1 yrs

Jackie McPhee

TITLE
Corporate Marketing Manager

Janelle Mellor

TITLE
Global HR Manager

Troy Donovan

TITLE
Chief Financial Officer of Asia Pacific

Courtney Marsden

TITLE
Legal Counsel & Joint Company Secretary (Leave of Absence)

Nicola Dorling

TITLE
Chief Digital Officer
TENURE
0.8 yrs

Matt Courtney

TITLE
Chief Executive Officer of Construction Sciences Division
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Cardno board of directors in years:

3.8
Average Tenure
62
Average Age
  • The tenure for the Cardno board of directors is about average.
Board of Directors

Michael Alscher

TITLE
Non-Executive Chairman of the Board
COMPENSATION
A$349K
AGE
51
TENURE
3.8 yrs

Susan Reisbord

TITLE
CEO, MD & Director

Jeff Forbes

TITLE
Non-Executive Director
COMPENSATION
A$127K
AGE
66
TENURE
3.8 yrs

Nathanial Thomson

TITLE
Non-Executive Director
COMPENSATION
A$100K
TENURE
3.5 yrs

Steve Sherman

TITLE
Non-Executive Director
COMPENSATION
A$113K
TENURE
3.8 yrs

Rebecca Ranich

TITLE
Non-Executive Director
COMPENSATION
A$140K
AGE
62
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Sep 19 Buy Crescent Capital Partners Management Pty Ltd. Company 09. Sep 19 09. Sep 19 2,767,513 A$2.01 A$5,571,397
X
Management checks
We assess Cardno's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cardno has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CDD News

Simply Wall St News

How Cardno Limited (ASX:CDD) Can Impact Your Portfolio Volatility

The fact that this is well below 1 indicates that its share price movements haven't historically been very sensitive to overall market volatility. … This means that -- if history is a guide -- buying the stock would reduce the impact of overall market volatility in many portfolios (depending on the beta of the portfolio, of course). … What this means for you: One potential advantage of owning low beta stocks like Cardno is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

Imagine Owning Cardno (ASX:CDD) And Trying To Stomach The 85% Share Price Drop

For example, we sympathize with anyone who was caught holding Cardno Limited (ASX:CDD) during the five years that saw its share price drop a whopping 85%. … During five years of share price growth, Cardno moved from a loss to profitability. … Its history of dividend payouts mean that Cardno's TSR, which was a 74% drop over the last 5 years, was not as bad as the share price return.

Simply Wall St -

How Many Cardno Limited (ASX:CDD) Shares Do Institutions Own?

Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. … Check out our latest analysis for Cardno ASX:CDD Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Cardno? … Insider Ownership Of Cardno The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Is It Time To Consider Buying Cardno Limited (ASX:CDD)?

A question to answer is whether Cardno's current trading price of A$0.93 reflective of the actual value of the small-cap? … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Here’s why Cardno Limited’s (ASX:CDD) Returns On Capital Matters So Much

Last but not least, we'll look at what impact its current liabilities have on its ROCE. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Cardno: 0.046 = AU$34m ÷ (AU$975m - AU$228m) (Based on the trailing twelve months to December 2018.) Therefore, Cardno has an ROCE of 4.6%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

Does The Cardno Limited (ASX:CDD) Share Price Fall With The Market?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

If You Had Bought Cardno (ASX:CDD) Stock Five Years Ago, You'd Be Sitting On A 85% Loss, Today

For example, we sympathize with anyone who was caught holding Cardno Limited (ASX:CDD) during the five years that saw its share price drop a whopping 85%. … On top of that, the share price has dropped a further 10% in a month. … During five years of share price growth, Cardno moved from a loss to profitability.

Simply Wall St -

Could Cardno Limited's (ASX:CDD) Investor Composition Influence The Stock Price?

If you want to know who really controls Cardno Limited (ASX:CDD), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time.

Simply Wall St -

Is Cardno Limited (ASX:CDD) Potentially Underrated?

Cardno Limited (ASX:CDD) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with

Simply Wall St -

Is Cardno Limited's (ASX:CDD) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Cardno Limited (ASX:CDD) with its market cap of AU$519m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

CDD Company Info

Description

Cardno Limited, a professional infrastructure and environmental services company, engages in the development and improvement of physical and social infrastructure for communities worldwide. The company’s Asia Pacific Engineering and Environmental segment provides services in civil, structural, water, environmental, coastal, bridge, geotechnical, subsurface utility, traffic, and transport engineering, as well as environmental science, surveying, landscape architecture, planning, and asset management. Its Americas Engineering and Environmental segment delivers expertise to private and public sector clients across the environmental, water, transportation, energy and resources, land, buildings, and management services sectors. The company’s International Development segment designs and implements large-scale sustainable solutions for development assistance agencies and private clients. Its Construction Sciences segment engages in the geotechnical engineering, environmental consulting, and materials testing business. The company’s Other segment engages in the engineering and consulting operations in Latin America; and provision of quality testing and services to the oil and gas sector. It serves defence, energy, government, industrial, international development, land management, mining and resources, property and buildings, transportation, utilities, and water sectors. Cardno Limited was founded in 1945 and is headquartered in Fortitude Valley, Australia.

Details
Name: Cardno Limited
CDD
Exchange: ASX
Founded: 1945
A$213,308,053
444,391,779
Website: http://www.cardno.com
Address: Cardno Limited
North Tower,
Level 11,
Fortitude Valley,
Queensland, 4006,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CDD Ordinary Shares Australian Securities Exchange AU AUD 20. May 2004
OTCPK COLD.F Ordinary Shares Pink Sheets LLC US USD 20. May 2004
DB DZ5 Ordinary Shares Deutsche Boerse AG DE EUR 20. May 2004
CHIA CDD Ordinary Shares Chi-X Australia AU AUD 20. May 2004
Number of employees
Current staff
Staff numbers
0
Cardno employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:31
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/23
Last earnings filing: 2019/08/20
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.