Dicker Data Limited (DDR) AI Stock Analysis

• Market Cap: AU$1.56B
• Dividend Yield: 4.29%
• Average Volume (3M): 970.61K
• Price to Earnings (P/E): 21.7
• Beta (1Y): 0.60
• Revenue Growth: 8.70%
• EPS Growth: 3.11%
• Country: AU
• Employees: 920
• Sector: Technology
• Sector Strength: 88
• Industry: Technology Distributors
• EPS (TTM): N/A
• Shares Outstanding: 180,817,860
• 10 Day Avg. Volume: 912,269
• 30 Day Avg. Volume: 970,608
• PEG Ratio: 3.19
• Price to Book (P/B): 7.23
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 19.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$10.70
• Price Target Upside: 24.22% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: AU$9.00 ▲(4.53% Upside)
• Action: Reiterated Date: 03/05/26
• Date: Action: Reiterated 03/05/26

The score is primarily supported by fundamentally solid financial performance (steady growth and resilient profitability), but is held back by balance-sheet leverage and historical cash-flow volatility. Technicals are a significant drag due to a clear downtrend across moving averages with negative MACD, while valuation is moderately supportive thanks to a strong dividend yield despite a mid-range P/E.

Positive Factors

Steady revenue growth with 2025 re-acceleration

Consistent revenue growth with a 2025 re-acceleration indicates durable demand across channel partners. Over the next 2–6 months this supports more predictable top-line and leverages purchasing scale, helping sustain gross profit and fund partner enablement investments.

Resilient profitability and improving net income trend

Net income trends and stable mid‑single‑digit operating/EBITDA margins demonstrate the business reliably converts sales into profits. In a 2–6 month horizon this operational resilience supports cash generation capacity, dividend sustainability and modest reinvestment.

Scale, vendor partnerships and channel franchise

The company’s one‑stop distributor model, tier‑one vendor relationships, purchasing scale, credit and enablement services create durable competitive advantages. These factors strengthen partner stickiness, improve inventory access and reduce vendor/reseller friction over the medium term.

Negative Factors

Meaningful leverage on the balance sheet

Elevated leverage reduces financial flexibility and increases refinancing and interest coverage risk. Over the next few months a downturn in volumes or margin pressure would more quickly constrain capital allocation, limit strategic optionality and amplify downside to equity returns.

Volatile operating cash flow and FCF history

Historical swings in operating cash flow highlight working‑capital and timing sensitivity inherent to distribution. This volatility raises uncertainty about sustaining capex, supplier credit and dividends, and increases short‑term liquidity risk during supply or demand shocks in the medium term.

Structurally thin distribution margins

Thin distribution margins leave little buffer for adverse pricing, mix or rebate changes. Over 2–6 months small declines in volumes or unfavorable vendor terms can materially depress profitability and strain coverage of fixed costs and interest, given existing leverage.

Dicker Data Limited Business Overview & Revenue Model

Company Description

Dicker Data Limited engages in the wholesale distribution of computer hardware, software, and related products in Australia and New Zealand. It sells its products to approximately 8,200 resellers partners. The company was formerly known as Rodin Corporation Pty Limited. Dicker Data Limited was incorporated in 1972 and is headquartered in Kurnell, Australia.

How the Company Makes Money

Dicker Data generates revenue primarily through the distribution of IT products and solutions. The company's revenue model is centered around wholesale distribution, where it purchases products from manufacturers and sells them to resellers and other clients at a markup. Key revenue streams include sales of hardware such as servers, storage devices, and networking equipment, as well as software offerings, cloud services, and cybersecurity solutions. Additionally, DDR benefits from value-added services, including training and support for its resellers. Significant partnerships with leading technology brands enhance its product offerings and contribute to its earnings, while a growing focus on cloud solutions aligns with industry trends and increases its market reach.

Dicker Data Limited Financial Statement Overview

Summary

Financial statements are solid overall: steady revenue growth with re-acceleration in 2025 and resilient profitability. Offsetting this, leverage is meaningful (debt-to-equity ~1.1–1.5x in 2022–2024) and cash-flow conversion has shown volatility (notably very weak operating cash flow/negative free cash flow in 2022 despite strong 2024–2025).

Income Statement

Revenue has grown steadily overall, with a clear re-acceleration in 2025 (annual revenue growth ~5.2%) after a very soft 2024 (~0.6%). Profitability looks resilient: net income has generally trended up from 2020 to 2025, and 2023–2024 showed stable operating and EBITDA margins around the mid‑single digits. The main weakness is uneven gross profit levels (notably the sharp jump in 2024 versus surrounding years), and margins remain structurally thin—typical for distribution—so earnings are more sensitive to volume/pricing shifts.

Balance Sheet

The balance sheet shows meaningful leverage for the equity base: debt-to-equity sat around ~1.1–1.5x in 2022–2024, and total debt has risen versus 2020 levels. Equity has grown over time, which is a positive, but leverage remains a key constraint and increases financial flexibility risk if profitability or working capital turns. Asset growth has been solid, and returns on equity have been strong in 2021–2024, though that strength is partly amplified by the higher leverage.

Cash Flow

Cash generation is generally supportive, with free cash flow positive in most years and very strong in 2024–2025 (free cash flow close to net income in 2024). However, cash flow volatility is a notable risk: 2022 saw extremely weak operating cash flow and negative free cash flow, indicating working-capital or timing sensitivity. The rebound since then is encouraging, but the historical swing lowers confidence versus a consistently stable cash profile.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.56B	2.27B	2.26B	2.21B	2.48B
Gross Profit	174.34M	324.17M	159.67M	140.79M	120.24M
EBITDA	147.51M	151.97M	150.81M	128.28M	118.08M
Net Income	85.59M	78.69M	82.14M	73.05M	73.56M
Balance Sheet
Total Assets	1.15B	1.06B	927.03M	1.00B	854.12M
Cash, Cash Equivalents and Short-Term Investments	66.42M	45.81M	11.61M	12.26M	7.41M
Total Debt	385.02M	369.14M	323.32M	260.88M	233.32M
Total Liabilities	892.13M	812.18M	671.70M	772.75M	675.83M
Stockholders Equity	257.02M	249.72M	255.34M	230.15M	178.30M
Cash Flow
Free Cash Flow	94.41M	71.96M	55.97M	-10.27M	13.54M
Operating Cash Flow	97.46M	75.94M	70.12M	1.14M	20.61M
Investing Cash Flow	-2.96M	-3.86M	-18.81M	-32.30M	-70.72M
Financing Cash Flow	-73.90M	-37.88M	-51.97M	36.02M	27.15M

Dicker Data Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.61
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DDR, the sentiment is Negative. The current price of 8.61 is below the 20-day moving average (MA) of 9.87, below the 50-day MA of 9.93, and below the 200-day MA of 9.32, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 29.30 is Positive, neither overbought nor oversold. The STOCH value of 2.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DDR.

Dicker Data Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BVS	73 Outperform	AU$959.36M	11.05	65.33%	10.16%	25.67%	744.90%
HSN	69 Neutral	AU$1.03B	12.19	11.92%	1.85%	11.15%	105.20%
DTL	67 Neutral	AU$1.08B	15.07	60.59%	3.02%	5.82%	11.11%
OCL	65 Neutral	AU$1.23B	21.16	35.71%	1.27%	5.11%	12.91%
DDR	63 Neutral	AU$1.56B	21.72	33.65%	4.29%	8.70%	3.11%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IRE	59 Neutral	AU$1.37B	19.91	26.73%	2.47%	-4.10%	341.80%

Dicker Data Limited Corporate Events

Dicker Data Director Increases Indirect Shareholding via On‑Market Purchase

Dicker Data has disclosed a change in director Mary Stojcevski’s holding in the company’s shares, confirming an on‑market purchase made through her superannuation investment vehicle. The transaction saw an indirect acquisition of 2,000 fully paid ordinary shares at $8.80 each, lifting her indirect interest to 288,000 shares while her direct holding remains unchanged, indicating a modest increase in director alignment with shareholders.

The filing underscores routine governance and transparency obligations under ASX listing rules, giving investors visibility over board members’ equity positions. While the size of the trade is relatively small in the context of the company’s overall capital base, incremental increases in director ownership are often viewed as a signal of confidence in the company’s prospects and can be reassuring for stakeholders monitoring insider activity.

The most recent analyst rating on (AU:DDR) stock is a Hold with a A$10.30 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Updates Quarterly Dividend Details With DRP Pricing

Dicker Data Limited has updated its notification regarding a quarterly dividend for holders of its ordinary fully paid shares, relating to the period ended 31 December 2025. The latest filing, dated 5 March 2026, amends the previous 26 February 2026 announcement to add the dividend reinvestment plan pricing, while confirming the record date of 4 March 2026 and ex‑dividend date of 3 March 2026.

The inclusion of the dividend reinvestment plan price provides shareholders with clearer information on how any reinvested dividends will be converted into additional shares. This update helps investors better assess their income and reinvestment options, and reflects the company’s ongoing use of capital management tools to engage shareholders and support liquidity in its stock.

The most recent analyst rating on (AU:DDR) stock is a Hold with a A$10.30 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Director Vladimir Mitnovetski Increases Shareholding via On‑Market Purchase

Dicker Data has disclosed a change in the interests of director Vladimir Mitnovetski, who increased his direct holding in the company through an on‑market share purchase. He acquired 10,000 fully paid ordinary shares at $10.063 each on 27 February 2026, lifting his direct stake to 1,010,000 shares while his indirect holding through Mitnovetski Pty Ltd as trustee for the Mitnovetski Super Fund remains at 60,798 shares.

The transaction signals a modest vote of confidence from the director in Dicker Data’s prospects and slightly deepens management’s equity alignment with other shareholders. The company confirmed there were no disposals or changes to any related contracts and that the trade did not occur during a closed period, indicating routine portfolio adjustment rather than a compliance‑sensitive event.

The most recent analyst rating on (AU:DDR) stock is a Buy with a A$10.30 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Files Updated Corporate Governance Statement and Appendix 4G

Dicker Data Limited has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming compliance with ASX Listing Rules and the Corporate Governance Council’s principles. The statement, approved by the board as at 26 February 2026 and made available on the company’s website, outlines board responsibilities, director appointment processes, and governance structures, reinforcing the company’s commitment to robust oversight and regulatory transparency.

The accompanying Appendix 4G serves as a detailed key to the company’s governance disclosures, indicating where investors can find information on adherence to specific ASX recommendations. By clearly mapping its practices to these standards, Dicker Data provides investors and other stakeholders with a verification tool that enhances visibility into its governance framework and supports confidence in its board and management oversight.

The most recent analyst rating on (AU:DDR) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Releases Comprehensive 2025 Annual Report

Dicker Data Limited has released its 2025 annual report, outlining its governance framework, financial statements and operational performance for the year. The report details the roles of the executive leadership and board, including the Executive Chair, COO, CFO and CIO, as well as the company secretary and non-executive directors.

The document also highlights a review of 2025 operations, industry recognition received, and provides a structured outlook for 2026. In addition, it includes a sustainability report, remuneration details, and comprehensive audited financial statements, offering shareholders and stakeholders a full view of the company’s recent performance and oversight structures.

The most recent analyst rating on (AU:DDR) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Lifts 2025 Revenue and Profit on Strong IT Distribution Growth

Dicker Data Limited, a value-added distributor of IT hardware, software, cloud, access control, surveillance and emerging technology solutions to corporate and commercial customers, reported strong top-line growth for the year ended 31 December 2025. The company’s reported statutory revenue reflects its role as an agent for many virtual services and software transactions, which are reconciled to higher non-IFRS gross sales.

For 2025, statutory revenue rose 12.5% to $2,569.1 million, while net profit after tax attributable to members increased 8.8% to $85.6 million, underscoring continued demand across its technology portfolio. Gross sales and other revenue, a non-IFRS measure that captures total proceeds from goods and services sold as both agent and principal, climbed 14.9% to $3,876.0 million, indicating expanded transaction volumes and reinforcing Dicker Data’s position as a key intermediary in the IT distribution market despite $2.5 million in one-off costs.

The most recent analyst rating on (AU:DDR) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Aligns Final Dividend Timing With FY25 Results, Sets Investor Webinar

Dicker Data has announced that it will release its full-year results for the period ended 31 December 2025 on 26 February 2026 and is aligning the declaration of its final dividend with this annual results release. As part of this change, the final dividend relating to the December 2025 quarter will be declared on the same day and paid in mid-March 2026, signalling a shift toward tighter coordination between financial reporting and capital returns to shareholders. The company will also host an investor webinar on 26 February 2026, led by Executive Director and CFO Mary Stojcevski and Executive Director and COO Vlad Mitnovetski, providing investors with an opportunity to hear management’s commentary on the FY25 performance and ask questions, underscoring an ongoing emphasis on investor communication and transparency.

The most recent analyst rating on (AU:DDR) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Limited Announces New Director Appointment

Dicker Data Limited announced the appointment of Marcus Derwin as a new director effective December 17, 2025. The update aligns with corporate governance and regulatory compliance requirements, though it does not involve any directorial interests in company securities or contracts as per the notice.

The most recent analyst rating on (AU:DDR) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.

Dicker Data Appoints Marcus Derwin as Non-Executive Director

Dicker Data Limited has announced the appointment of Marcus Derwin as an independent Non-Executive Director. Mr. Derwin brings extensive experience in governance, risk management, and stakeholder engagement, which is expected to enhance the company’s board with valuable insights. His appointment also includes roles on the Audit and Risk Management Committee and the People and Culture Committee, potentially strengthening Dicker Data’s operational and strategic capabilities.

The most recent analyst rating on (AU:DDR) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Dicker Data Limited stock, see the AU:DDR Stock Forecast page.