HDC.JSE Hudaco
- Market cap
- ZAC 4.97B
- P/E
- 916.3x
- P/B
- 138.29x
- ROE
- 19.9%
- Dividend yield
- 6.24%
- Fundamental score
- 3.8/5
Ratios use the latest price and the current fiscal year annualized from 1 quarter up to May 2026.
Is HDC.JSE undervalued?
Graham numberThe Graham number of Hudaco cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Hudaco fundamental analysis
19 of 22 checks passedROE 1/2
Moderate return on equity (19.9%), between 10% and 20%.
ROA 1/1
Return on assets (11.0%) is above the industry median (4.0%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (13.6%) is not above the 5-year average (77.4% a year).
Earnings Growth vs Industry 1/1
Last year's EPS growth (13.6%) is above the industry median (4.8%).
Revenue Growth 1/2
Revenue grew 2.4% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (36.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 9.0x against interest expense, well covered.
PE vs Market 0/1
PE (9.2x) is above the market median (9.1x).
PE vs Industry 1/1
PE (9.2x) is below the industry median (13.8x).
PBV 0/1
Price to book (1.4x) is above the industry median (1.2x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 12.7, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.12, growth is cheap.
Dividend Yield 1/2
Dividend yield (5.7%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 6 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 51.8%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Hudaco stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Hudaco
Hudaco Industries Limited imports and distributes automotive, industrial, and electronic consumable products in South Africa and internationally. It operates in two segments, Consumer-Related Products and Engineering Consumables. The Consumer-Related Products segment distributes clutch kits, automotive ignition leads, oil and hydraulic seals, wheels, brake and clutch hydraulics, mountings, bushes, hydraulic repair kits, cylinders, hoses, CV joints, wheel hubs, suspension com…
Full company profileHudaco financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 1 quarter up to May 31, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Hudaco annual financial statements
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 5.53B | 5.90B | 6.38B | 6.70B | 6.25B | 7.26B | 8.15B | 8.90B | 8.38B | 8.75B | 16.8B |
| Gross Profit | 2.13B | 2.34B | 2.51B | 2.65B | 2.17B | 2.90B | 2.99B | 3.20B | 3.16B | 3.28B | 6.41B |
| Operating Income | 639M | 676M | 655M | 701M | 510M | 826M | 1.02B | 1.07B | 1.01B | 1.10B | 1.94B |
| EBITDA | 707M | 752M | 733M | 777M | 428M | 1.00B | 1.19B | 1.25B | 992M | 1.23B | 2.36B |
| Net Income | 388M | 397M | 381M | 429M | 35.6M | 499M | 596M | 611M | 506M | 575M | 716M |
| EPS | 12 | 12 | 12 | 13 | 1.13 | 16 | 19 | 21 | 17 | 20 | 25 |
| Balance Sheet | |||||||||||
| Total Assets | 4.23B | 4.62B | 5.04B | 4.94B | 4.96B | 5.45B | 5.94B | 6.66B | 6.23B | 6.73B | 6.52B |
| Total Liabilities | 2.10B | 2.24B | 2.46B | 2.10B | 2.29B | 2.47B | 2.69B | 3.18B | 2.62B | 2.83B | 2.69B |
| Shareholders' Equity | 2.06B | 2.30B | 2.51B | 2.74B | 2.59B | 2.86B | 3.10B | 3.28B | 3.41B | 3.66B | 3.60B |
| Cash & Short-term Investments | 47.2M | 81.1M | 62.7M | 57.8M | 234M | 223M | 227M | 245M | 269M | 352M | 214M |
| Total Debt | 952M | 941M | 1.23B | 1.07B | 1.33B | 1.17B | 1.29B | 1.73B | 1.29B | 1.70B | 1.29B |
| Cash Flow | |||||||||||
| Operating Cash Flow | 567M | 580M | 304M | 657M | 830M | 689M | 649M | 642M | 1.33B | 1.03B | 1.22B |
| Capital Expenditure | 36.2M | 52.2M | 56.2M | 79.4M | 44.8M | 75.9M | 83.9M | 113M | 78.6M | 86.0M | 320M |
| Free Cash Flow | 531M | 528M | 248M | 577M | 785M | 614M | 566M | 529M | 1.25B | 948M | 904M |
| Ratios | |||||||||||
| ROE | 18.8% | 17.3% | 15.2% | 15.6% | 1.4% | 17.4% | 19.3% | 18.6% | 14.8% | 15.7% | 19.9% |
| ROA | 9.2% | 8.6% | 7.5% | 8.7% | 0.7% | 9.2% | 10.0% | 9.2% | 8.1% | 8.5% | 11.0% |
| Net Profit Margin | 7.0% | 6.7% | 6.0% | 6.4% | 0.6% | 6.9% | 7.3% | 6.9% | 6.0% | 6.6% | 4.2% |
| Debt to Equity | 0.46x | 0.41x | 0.49x | 0.39x | 0.51x | 0.41x | 0.42x | 0.53x | 0.38x | 0.46x | 0.36x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Hudaco dividends
- Dividend yield
- 6.24%
- Forward dividend
- 11.55 ZAC
- Payout ratio
- 51.8%
- Ex-dividend date
- Aug 5, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | ZAR 298M | 10 | 51.8% |
| 2024 | ZAR 324M | 11 | 64.0% |
| 2023 | ZAR 290M | 9.82 | 47.5% |
| 2022 | ZAR 276M | 8.93 | 46.4% |
| 2021 | ZAR 213M | 6.88 | 42.7% |
| 2020 | ZAR 139M | 4.40 | 390.2% |
| 2019 | ZAR 189M | 5.87 | 44.2% |
| 2018 | ZAR 212M | 6.52 | 55.6% |
| 2017 | ZAR 177M | 5.55 | 44.7% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Who owns Hudaco
- Insiders 3.82%
- Institutions 67.60%
- Public & others 28.58%
- Shares outstanding 26.9M
- Free float 26.9M
Hudaco company profile
- Company name
- Hudaco
- Ticker
- HDC.JSE
- ISIN
- ZAE000003273
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Employees
- 3,707
- Fiscal year end
- November
- Address
- Building 9, Edenvale, South Africa, 1609
- Phone
- 27 11 657 5000
- Website
- hudaco.co.za
About Hudaco
Hudaco Industries Limited imports and distributes automotive, industrial, and electronic consumable products in South Africa and internationally. It operates in two segments, Consumer-Related Products and Engineering Consumables. The Consumer-Related Products segment distributes clutch kits, automotive ignition leads, oil and hydraulic seals, wheels, brake and clutch hydraulics, mountings, bushes, hydraulic repair kits, cylinders, hoses, CV joints, wheel hubs, suspension components, and vehicle components to the automotive and industrial after-market; batteries, chargers, and related battery management equipment, as well as battery bays; power tools, marine engines, survey instruments, and fasteners; and wireless and data networking, VoIP, and physical security solutions. It also distributes intrusion detection, surveillance, access control, and fire detection equipment; two-way radios and satellite communications; solar power and storage solutions for commercial, industrial and residential markets; and cooking, heating, and outdoor products. The Engineering Consumables segment distributes diesel engines and spares, and support services; bearings, chains, belting, industrial hose, seals, electric and geared motors, and power transmission products; fire detection, containment, and suppression; filtration solutions, kits, and accessories to mining, process, and manufacturing markets; thermoplastic pipes, and fittings and equipment; thermal and electrical insulation materials; and variable speed drives, electric motors, electrical cabling, plugs, sockets, and related products. It also manufactures and distributes hydraulic and pneumatic products; drivetrains; dragline hoses and plastic welding rods; hardening of round, hexagonal and hollow steel bar, key steel, bending steel for dished ends, and manufacture of conveyor drive pulleys and idlers, as well as ferrous and non-ferrous castings. The company was founded in 1891 and is based in Edenvale, South Africa.
Hudaco management
9- Mr. Graham Ronald DunfordCEO & Executive Director · born 1965
- Mr. Clifford Vaughan Amoils B.Com., C.A., CA (SA)Group Financial Director & Executive Director · born 1962
- Mr. Ernie SmithExecutive Director · born 1971
- Cassie LamprechtGroup Accountant
- Ms. Esther NkosiGroup Executive of Transformation & Human Resources · born 1965
- Sonia LiebenbergHead of Risk & Internal Audit
- Ms. Reena MaganMD of FHS & Portfolio Executive for Deltec Energy Solutions · born 1982
- Rika Wessels-BouwerGroup Treasurer
- Ms. Natasha Davies B.Com., L.L.B.Company Secretary