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Wholesale distributor of IT hardware and software, supplying resellers and system integrators across Australia and New Zealand.
Wholesale distributor of IT hardware and software, supplying resellers and system integrators across Australia and New Zealand.
Buys from vendors and resells to channel partners on a thin gross margin, adding vendor rebates for hitting sales targets, so profit depends on turnover, inventory control and holding major agreements with the big brands. Founder David Dicker is the largest shareholder.
In one line: Australia's Tech Data/Synnex-style IT distributor.
Moat: narrow (scale, distribution). Large-scale logistics and vendor relationships give a distribution advantage over smaller rivals.
Headquarters: Sydney, Australia · Founded: 1978 · Employees: 942
Size Dicker Data (DDR.AX) is an Australia Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $1.78B, the 129th largest of 316 Australia companies the cockpit tracks. Shares closed at A$14.13 on 6 Nov 2026.
Performance Over six months the shares gained 54.3%, against +3.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 2nd highest of 19 in its peer set.
Growth Revenue grew 12.1% over the last twelve months (peer median +9.6%); the operating margin is 5.9% (peer median 3.1%).
Valuation It trades at 22.4× forward earnings against a peer median of 16.8× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.4 points above its cost of capital (8.6% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$2.72B | A$2.56B | A$2.27B | A$2.26B | A$2.21B |
| Revenue growth | — | +13% | +1% | +2% | — |
| Gross profit | A$200M | A$174M | A$163M | A$160M | A$141M |
| EBITDA | A$174M | A$148M | A$150M | A$150M | A$128M |
| Net income | A$107M | A$85.6M | A$78.7M | A$82.1M | A$73.0M |
| Free cash flow | A$87.5M | A$94.4M | A$72.0M | A$56.0M | -A$9.99M |
| Capital expenditure | A$3.63M | A$3.05M | A$3.98M | A$14.2M | A$11.4M |
| Total debt | n/a | A$374M | A$369M | A$319M | A$311M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dicker Data DDR.AX | $1.78B | +54% | +12% | 6% | 22.4× | 9.9% |
| Ingram Micro INGM | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DDR.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.5% | +0.8% | 5th lowest of 20 |
| 6-month return | +54.3% | +3.9% | 2nd highest of 19 |
| Distance from 52-week high | -13.7% | -23.1% | 7th highest of 20 |
| Revenue growth (TTM) | +12.1% | +9.6% | 8th highest of 19 |
| Operating margin | 5.9% | 3.1% | 6th highest of 20 |
| Forward P/E | 22.4× | 16.8× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 9.9% | -3.0% | 5th most demanding of 16 |
| Growth delivered (Del g) | +5.1% | +0.7% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | +4.8 pp | -5.6 pp | 5th most demanding of 16 |
| ROIC minus cost of capital | +8.4 pp | +3.0 pp | 7th highest of 19 |
| EV / EBITDA | 16.5× | 8.1× | 3rd most expensive of 12 |
| Net debt / EBITDA | 1.8× | 1.4× | 6th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dicker Data DDR.AX | Australia | $1.78B | +54% | +12% | 6% | 22.4× | 9.9% | +5.1% |
| Puuilo PUUILO.HE | Finland | $1.76B | +46% | +15% | 18% | 22.5× | -5.2% | +13.1% |
| Edion 2730.T | Japan | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% | +0.7% |
| K's 8282.T | Japan | $1.64B | -4% | +5% | 4% | 10.0× | -11.0% | -0.8% |
| Polibeli PLBL | United States | $1.96B | -28% | n/a | -29% | n/a | n/a | n/a |
| Suning.com 002024.SZ | China | $1.48B | -19% | -34% | -10% | 106.3× | -3.0% | -28.0% |
| Nojima 7419.T | Japan | $2.46B | +8% | +11% | 6% | n/a | -14.2% | +13.4% |
| Fnac Darty FNAC.PA | France | $1.16B | -1% | +10% | 2% | 17.4× | -0.6% | +6.6% |
| ATRenew Inc. Sponsored ADR RERE | United States | $944M | -7% | +35% | 3% | 8.5× | n/a | n/a |
| China Qidian Guofeng 1280.HK | Hong Kong | $930M | +113% | -6% | -30% | n/a | n/a | n/a |
| Jiangsu Yinhe Electronics 002519.SZ | China | $852M | -38% | +1,594% | -9% | 16.2× | 56.2% | -18.2% |
| Yamada 9831.T | Japan | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% | -0.7% |
| Aditya Vision AVL.NS | India | $714M | -6% | +28% | 7% | 40.4× | 33.5% | +29.0% |
| Kojima 7513.T | Japan | $675M | +15% | +5% | 3% | n/a | -9.8% | 0.0% |
| Joshin 8173.T | Japan | $674M | +42% | +9% | 2% | 31.8× | -3.7% | -0.6% |
| mobilezone MOZN.SW | Switzerland | $659M | -12% | -37% | 6% | 15.1× | 1.4% | -6.1% |
| Electronics Mart India EMIL.NS | India | $588M | +19% | +17% | 5% | 24.0× | 12.0% | +17.5% |
| JB Hi-Fi JBH.AX | Australia | $5.86B | +8% | +5% | 7% | 18.1× | 6.7% | +4.4% |
| SS Retail SSRETAIL.NS | India | $501M | n/a | +47% | 4% | n/a | n/a | n/a |
| GEO 2681.T | Japan | $467M | 0% | +16% | 3% | 9.9× | -7.5% | +7.9% |