Hughes Drilling Limited (HDX)



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General Information
Company Name: Hughes Drilling Limited
Stock Code: HDX
Website: www.hughesdrilling.com.au
GICS Sub-Industry: Construction & Engineering
Market Cap ($M): 38
Equiv. Shares (M): 209

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.180 $ 0.200 $ 0.200 $ 0.165 $ 0.210 1,025,623 $ -0.030  -14.286 %

Company Overview

Business Description:
Hughes Drilling Limited (HDX) is a coal production and delineation drilling specialists with a client base consisting of Australia’s mine operators and owners. HDX conducts two main services namely: production and delineation drillings.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 10.4 7.8 -13.3 4.6 0.0 0.0 --
2012  A 8.4 9.0 -- 3.0 0.0 0.0 --
2011  A -14.0 -51.3 -- 0.0 0.0 0.0 --
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
Cardno (CDD) $1,061 M -0.0527 0.0261 0.0759 12.8433 12.5168 11.6342 5.54 5.54 6.19
Hughes Drilling (HDX) $44 M -0.1294 -- -- 2.6923 -- -- 0.00 -- --
Leighton (LEI) $7,613 M 0.1277 0.1428 0.0403 14.9833 13.1106 12.6023 4.67 5.11 5.19
Monadelphous (MND) $1,475 M -0.1184 -0.1378 -0.0592 10.5893 12.2811 13.0535 7.73 7.24 6.83
UGL (UGL) $1,074 M -0.1853 0.5439 -0.1588 14.3079 9.2672 11.0162 0.00 3.98 4.29

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
HDX 1.16 2.31 0.60 -- 0.48
Market 1.18 14.2 1.00 1.05 3.34
Sector 1.07 11.5 0.92 1.48 0.46

Directors
Name Position Start Date
Mr Andrew Drake Chief Executive Officer,Executive Director 10 February 2012
Mr Robert (Bob) Hughes Managing Director,Executive Director,Executive Chairman 10 February 2012
Mr Jeffrey William Branson Non-Executive Director 03 October 2013
Mr Nicholas John Silverthorne Non-Executive Director 03 October 2013
Mr Barry O'Connor Non-Executive Director 03 December 2012
Mr Gary Belcher Non-Executive Director 11 August 2014

Management
Name Position
Paul Brenton Chief Financial Officer,Company Secretary
Patrick Garrity Vice President Reichdril Inc

Substantial Shareholders
Holding Name
10,156,250 (5.59%) Invesco Australia Ltd
17,271,649 (9.50%) K2 Asset Management Ltd
71,388,074 (39.28%) Learob Pty Ltd

Calendar of Events
Date Event
28 August 2015 Report (Prelim)
05 March 2015 Report (Interim)
26 February 2015 Report (Interim)
29 September 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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