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DATA#3 LIMITED (DTL)

DATA#3 LIMITED (DTL)

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General Information
Company Name: Data3 Limited
Stock Code: DTL
Website: www.data3.com.au
GICS Sub-Industry: IT Consulting & Other Services
Market Cap ($M): 150
Equiv. Shares (M): 154

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.975 $ 0.975 $ 0.980 $ 0.970 $ 0.970 83,112 $ 0.005  0.515 %

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 21st Feb 2012
12 Month Target Price (average): $1.32
Brokers Surveyed: 2

Company Overview

Business Description:
Data3 Limited (DTL) is a national information and communication technology (ICT) solution company providing market leading expertise across four areas of specialisation includes software, infrastructure, services and people. DTL’s customers cover a wide range of industries including banking and finance, mining, tourism and leisure, legal, healthcare, manufacturing, distribution, government and utilities located throughout Australia and Asia Pacific.

Strategy Analysis:
DTL's strategy is to offer ICT technology and architecture solutions to assist customers align technology strategy with business strategy. The Company's three areas of specialisation are: Licensing Solutions - software licensing and software asset management solutions; Infrastructure Solutions - designs, deploys and operates desktop, network and data centre hardware and software infrastructure as the foundation for productivity and corporate software applications; and People Solutions - provides contract and permanent recruitment and human capital performance management. The company is open for partnering and acquisition opportunities.. Data3 reported NPAT up 37.4% to $15m for the year ended 30 June 2011. Revenue from ordinary activities were $697.79m, up 16.5% from last year. Basic and Diluted EPS were 97.41 cents compared to 70.88 cents last year. Net operating cash flow was $4.82m compared to $44.91m last year. The final dividend declared was 39 cents, taking the full year dividend to 77 cents compared with 56 cents last year.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  F 14.8 9.6 11.6 10.2 7.5 7.7 --
2012  F 13.2 8.6 -11.3 11.3 6.7 6.9 --
2011  A 15.0 9.7 36.6 12.1 7.7 6.6 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Computershare (CPU) $4,284 M -0.2338 -0.0956 0.2514 14.9448 16.5238 13.2043 0.0363 0.0359 0.0392
CSG (CSV) $168 M -0.2911 -0.2613 0.1618 5.0811 6.8786 5.9204 0.0924 0.0840 0.0840
Data3 (DTL) $149 M 0.3737 -0.1170 0.1163 9.9589 11.2791 10.1042 0.0794 0.0691 0.0773
IRESS (IRE) $772 M -0.2962 0.1801 0.1035 18.6560 15.8086 14.3261 0.0625 0.0576 0.0546

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
DTL 0.79 11.2 4.98 10.00 0.22
Market 0.80 12.1 1.33 1.35 1.68
Sector 0.76 11.6 1.55 1.53 1.00

Directors
Name Position Start Date
Mr Richard Andrew Anderson Chairman 27 October 1997
Mr John Edwin Grant Chief Executive Officer,Managing Director 01 July 2004
Mr William Terence (Terry) Powell Non-Executive Director 31 January 2002
Mr Ian John Johnston Non-Executive Director 02 November 2007
Mr Glen Francis Boreham Non-Executive Director 09 November 2011

Management
Name Position
Terence William Bonner Company Secretary
Bremner I Hill Company Secretary, Chief Financial Officer
Paul Crouch General Manager - NSW/ACT
Christine Scammell General Manager - VIC
Michael Bowser General Manager Business Services
Bruce Crouch General Manager Integrated Solutions
Brad Colledge General Manager Licensing Solutions
Patrick Murphy General Manager Managed Services
Cathy Ford General Manager Organisational Excellence
Lindy MacPherson General Manager People Solutions and Organisational Development & Human Resources
Mark Esler General Manager Product Solutions
Laurence Baynham Group General Manager

Substantial Shareholders
Holding Name
935,863 (6.08%) Celeste Funds Management Limited (formerly Souls Funds Management Limited)
962,367 (6.25%) Commonwealth Bank of Australia

Calendar of Events
Date Event
18 February 2013 Report (Interim)
28 September 2012 Report (Annual)
20 August 2012 Report (Annual)
20 August 2012 Report (Prelim)
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