DRDDRDGOLD Limited

$29.98

Is the business good?

How good a business is DRD?

DRDGOLD Limited earns 36% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

36%

Return on invested capital · cost of capital 9.0% · 27 points above what the capital costs: growth creates value

Operating margin
37%

Operating margin · Gold median 39% · fiscal year to FY2025

Cash conversion
0.56×

Cash conversion · −0.86× a year ago · some of the reported profit has not turned into cash yet

Share count, year on year
+0.09%

Share count, year on year · flat: no meaningful dilution

Operating margin by fiscal year
YearOperating margin
FY202022%
FY202134%
FY202226%
FY202326%
FY202426%
FY202537%
Details
Gross marginfiscal year to FY2025
40%
Operating marginfiscal year to FY2025
37%
Net marginfiscal year to FY2025
28%
Free cash flow margin
16%
Revenue, trailing twelve months
$7.88B
Free cash flow, trailing twelve months
$1.26B
Net income, trailing twelve months
$2.24B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
36%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.