DRDGOLD Limited (DRD) 10-Year Financial Performance & Capital Metrics

DRD • • Industrial / General

Basic MaterialsGoldIntermediate Gold ProducersSingle-Asset Producers

AboutDRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. DRDGOLD Limited operates as a subsidiary of Sibanye Gold Limited.Show more

Revenue $7.88B +26.3%
EBITDA $1.38B -28.4%
Net Income $2.24B +68.8%
EPS (Diluted) 25.90 +68.2%
Gross Margin 39.74% +37.0%
EBITDA Margin 17.46% -43.3%
Operating Margin 11.64% -55.0%
Net Margin 28.47% +33.7%
ROE 28.44% +40.9%
ROIC 9.83% -58.3%
Debt/Equity 0.00 -53.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 23.5%
✓Strong 5Y profit CAGR of 28.7%
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.9% free cash flow margin
✓Momentum leader: RS Rating 92 (top 8%)

✗Weaknesses

✗Shares diluted 100.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.11%

5Y13.49%

3Y15.46%

TTM33%

Profit (Net Income) CAGR

10Y41.89%

5Y28.71%

3Y25.9%

TTM172.47%

EPS CAGR

10Y4.06%

5Y-20.39%

3Y25.51%

TTM21.61%

ROCE

10Y Avg13.85%

5Y Avg21.03%

3Y Avg16.67%

Latest9.29%

Peer Comparison

Single-Asset Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GAUGaliano Gold Inc.	727.41M	2.80	117.15		-12.81%	-22.37%		0.16
IDRIdaho Strategic Resources, Inc.	721.62M	46.28	69.07	88.66%	27.82%	12.81%	0.7%	0.04
BGLBlue Gold Limited	70.03M	2.25	33.28			-171.57%		1.00
CMCLCaledonia Mining Corporation Plc	519.88M	26.93	28.96	25.09%	20.63%	17.94%	2.78%	0.11
NAMMNamib Minerals Ordinary Shares	50.46M	0.94	14.26	32%	4.18%		18.11%
BGLWWBlue Gold Limited Warrant		0.26	3.84			-135.63%		1.00
DRDDRDGOLD Limited	3.1B	35.86	1.38	26.26%	23.21%	36.89%	40.49%	0.00

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	2.43B	2.34B	2.49B	2.76B	4.18B	5.27B	5.12B	5.5B	6.24B	7.88B
Revenue Growth %	0.16%	-0.04%	0.06%	0.11%	0.52%	0.26%	-0.03%	0.07%	0.14%	0.26%
Cost of Goods Sold+	2.24B	2.31B	2.35B	2.55B	2.94B	3.39B	3.74B	3.91B	4.43B	4.75B
COGS % of Revenue	0.92%	0.99%	0.94%	0.92%	0.7%	0.64%	0.73%	0.71%	0.71%	0.6%
Gross Profit+	196.2M	32M	142.7M	208.2M	1.25B	1.88B	1.38B	1.59B	1.81B	3.13B
Gross Margin %	0.08%	0.01%	0.06%	0.08%	0.3%	0.36%	0.27%	0.29%	0.29%	0.4%
Gross Profit Growth %	0.03%	-0.84%	3.46%	0.46%	4.99%	0.51%	-0.27%	0.15%	0.14%	0.73%
Operating Expenses+	76.7M	69.4M	90.7M	90.9M	309.9M	63.9M	69.9M	162.5M	197.3M	2.21B
OpEx % of Revenue	0.03%	0.03%	0.04%	0.03%	0.07%	0.01%	0.01%	0.03%	0.03%	0.28%
Selling, General & Admin	76.7M	69.4M	90.7M	90.9M	309.9M	64M	161.2M	172.9M	199.3M	213.8M
SG&A % of Revenue	0.03%	0.03%	0.04%	0.03%	0.07%	0.01%	0.03%	0.03%	0.03%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	-100K	-91.3M	-10.4M	-2M	2B
Operating Income+	119.5M	-24.5M	52M	125.2M	937.9M	1.82B	1.31B	1.42B	1.61B	916.71M
Operating Margin %	0.05%	-0.01%	0.02%	0.05%	0.22%	0.34%	0.26%	0.26%	0.26%	0.12%
Operating Income Growth %	-0.31%	-1.21%	3.12%	1.41%	6.49%	0.94%	-0.28%	0.09%	0.13%	-0.43%
EBITDA+	299.7M	201.8M	265.6M	360.6M	1.26B	2.11B	1.62B	1.69B	1.92B	1.38B
EBITDA Margin %	0.12%	0.09%	0.11%	0.13%	0.3%	0.4%	0.32%	0.31%	0.31%	0.17%
EBITDA Growth %	-0.2%	-0.33%	0.32%	0.36%	2.5%	0.68%	-0.23%	0.04%	0.14%	-0.28%
D&A (Non-Cash Add-back)	180.2M	226.3M	213.6M	235.4M	322.8M	297.2M	312.6M	263.7M	309.2M	459.2M
EBIT	151.8M	-31M	36.4M	190.1M	988.6M	1.77B	1.47B	1.69B	1.55B	2.92B
Net Interest Income+	-17.3M	-19.7M	-28M	-20.1M	36.7M	79M	72.5M	176.3M	166.3M	150.4M
Interest Income	36.8M	40M	38.8M	58.3M	109.8M	113.5M	117.6M	195.9M	233.9M	150.4M
Interest Expense	47.5M	52.2M	58.4M	78.4M	68.8M	58.9M	72.9M	70.4M	67.6M	0
Other Income/Expense	-10.8M	-12.2M	-19.6M	-20.1M	41M	146.7M	151M	263.6M	204.4M	2.15B
Pretax Income+	108.8M	-36.7M	32.4M	105.1M	978.9M	1.96B	1.46B	1.69B	1.82B	3.07B
Pretax Margin %	0.04%	-0.02%	0.01%	0.04%	0.23%	0.37%	0.28%	0.31%	0.29%	0.39%
Income Tax+	46.9M	-50.4M	25.9M	26.6M	343.9M	523.7M	334.3M	405M	488.2M	824.4M
Effective Tax Rate %	0.57%	-0.37%	0.2%	0.75%	0.65%	0.73%	0.77%	0.76%	0.73%	0.73%
Net Income+	61.9M	13.7M	6.5M	78.5M	635M	1.44B	1.12B	1.28B	1.33B	2.24B
Net Margin %	0.03%	0.01%	0%	0.03%	0.15%	0.27%	0.22%	0.23%	0.21%	0.28%
Net Income Growth %	-0.09%	-0.78%	-0.53%	11.08%	7.09%	1.27%	-0.22%	0.14%	0.04%	0.69%
Net Income (Continuing)	61.9M	13.7M	6.5M	78.5M	635M	1.44B	1.12B	1.28B	1.33B	2.24B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	14.70	3.20	1.50	11.50	81.00	16.70	13.10	14.80	15.40	25.90
EPS Growth %	-0.16%	-0.78%	-0.53%	6.67%	6.04%	-0.79%	-0.22%	0.13%	0.04%	0.68%
EPS (Basic)	14.70	3.20	1.50	11.80	82.50	16.80	13.10	14.90	15.40	26.00
Diluted Shares Outstanding	4.22M	4.22M	4.22M	6.8M	7.84M	8.61M	8.61M	8.65M	8.66M	86.64M
Basic Shares Outstanding	4.22M	4.28M	4.33M	6.83M	7.84M	8.61M	8.6M	8.65M	8.66M	86.62M
Dividend Payout Ratio	4.09%	3.69%	6.49%	-	0.89%	0.45%	0.46%	0.4%	0.55%	0.19%

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	600.7M	548.3M	626.3M	656.1M	2.19B	2.67B	3.08B	3.21B	1.49B	2.28B
Cash & Short-Term Investments	351.8M	253.7M	302.1M	279.5M	1.72B	2.18B	2.51B	2.46B	521.5M	1.31B
Cash Only	351.8M	253.7M	302.1M	279.5M	1.72B	2.18B	2.51B	2.46B	521.5M	1.31B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	65.29M	111.3M	79M	66.5M	126.2M	135.3M	142.9M	130.1M	353M	329.6M
Days Sales Outstanding	9.79	17.36	11.58	8.79	11.01	9.37	10.19	8.64	20.65	15.27
Inventory	160.7M	180.3M	233M	304.6M	323.4M	340M	389.3M	413.6M	460M	522.6M
Days Inventory Outstanding	26.22	28.51	36.22	43.53	40.18	36.63	37.98	38.6	37.9	40.18
Other Current Assets	22.91M	0	0	0	0	0	10.7M	11.4M	0	125.1M
Total Non-Current Assets+	1.82B	1.74B	1.73B	3.4B	3.49B	3.68B	4B	4.94B	7.96B	9.96B
Property, Plant & Equipment	1.6B	1.5B	1.45B	2.78B	2.62B	2.81B	3.08B	3.91B	6.79B	8.54B
Fixed Asset Turnover	1.52x	1.56x	1.71x	1.00x	1.60x	1.88x	1.66x	1.41x	0.92x	0.92x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	66.5M	0	0	0	0	0	0
Long-Term Investments	211.1M	236.5M	253.4M	618.6M	821.3M	819.3M	862.2M	958.3M	180.4M	322.5M
Other Non-Current Assets	108.26M	67.7M	19.3M	-2.78B	35M	40.5M	40.4M	39.7M	981.5M	1.1B
Total Assets+	2.42B	2.29B	2.36B	4.06B	5.68B	6.35B	7.08B	8.15B	9.45B	12.25B
Asset Turnover	1.01x	1.02x	1.06x	0.68x	0.74x	0.83x	0.72x	0.67x	0.66x	0.64x
Asset Growth %	-0.03%	-0.05%	0.03%	0.72%	0.4%	0.12%	0.12%	0.15%	0.16%	0.3%
Total Current Liabilities+	313.5M	256.9M	320.6M	458.2M	745.9M	531.5M	625.5M	718.7M	953.5M	1B
Accounts Payable	167.9M	135.6M	227M	324.4M	348M	352.9M	429.1M	525.1M	917.4M	954.4M
Days Payables Outstanding	27.4	21.45	35.29	46.36	43.23	38.02	41.86	49.01	75.59	73.37
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	0	0	-1000K	-1000K	0	-1000K	0	0	0
Other Current Liabilities	76M	70.5M	4.2M	4.3M	170.3M	0	27.3M	300K	29.2M	39.4M
Current Ratio	1.92x	2.13x	1.95x	1.43x	2.94x	5.03x	4.92x	4.47x	1.57x	2.28x
Quick Ratio	1.40x	1.43x	1.23x	0.77x	2.50x	4.39x	4.30x	3.90x	1.08x	1.76x
Cash Conversion Cycle	8.62	24.43	12.51	5.96	7.95	7.98	6.31	-1.77	-17.04	-17.93
Total Non-Current Liabilities+	766M	728.1M	772.5M	913.2M	889.1M	996.1M	1.01B	1.16B	1.61B	2.36B
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	19.2M	16.8M	14.7M	0	37M	37.9M	32.8M	28.4M	22.3M	10M
Deferred Tax Liabilities	194.7M	140.5M	163.7M	193.2M	273.1M	377.1M	451.9M	560.7M	958M	0
Other Non-Current Liabilities	746.8M	570.7M	594M	720M	579M	581.1M	528.1M	572.6M	627.2M	2.35B
Total Liabilities	1.08B	985M	1.09B	1.37B	1.64B	1.53B	1.64B	1.88B	2.56B	3.36B
Total Debt+	19.2M	16.8M	14.7M	11M	47.1M	54.8M	52.3M	39.7M	29.2M	17.4M
Net Debt	-332.6M	-236.9M	-287.4M	-268.5M	-1.67B	-2.13B	-2.46B	-2.42B	-492.3M	-1.29B
Debt / Equity	0.01x	0.01x	0.01x	0.00x	0.01x	0.01x	0.01x	0.01x	0.00x	0.00x
Debt / EBITDA	0.06x	0.08x	0.06x	0.03x	0.04x	0.03x	0.03x	0.02x	0.02x	0.01x
Net Debt / EBITDA	-1.11x	-1.17x	-1.08x	-0.74x	-1.32x	-1.01x	-1.52x	-1.44x	-0.26x	-0.94x
Interest Coverage	2.52x	-0.47x	0.89x	1.60x	13.63x	30.85x	17.93x	20.21x	23.85x	-
Total Equity+	1.34B	1.3B	1.27B	2.69B	4.04B	4.82B	5.44B	6.27B	6.89B	8.88B
Equity Growth %	-0.12%	-0.03%	-0.03%	1.12%	0.5%	0.19%	0.13%	0.15%	0.1%	0.29%
Book Value per Share	317.30	308.58	300.26	395.42	515.54	559.83	631.84	725.36	795.79	102.53
Total Shareholders' Equity	1.34B	1.3B	1.27B	2.69B	4.04B	4.82B	5.44B	6.27B	6.89B	8.88B
Common Stock	4.18B	4.18B	4.18B	5.07B	6.16B	6.21B	6.21B	6.19B	6.89B	8.88B
Retained Earnings	-2.98B	-2.88B	-2.91B	-2.84B	-2.12B	-1.34B	-733.4M	86.2M	697.2M	0
Treasury Stock	-50.7M	-50.7M	-50.7M	-51M	-51M	-51M	-35.6M	-21M	0	0
Accumulated OCI	140.17M	0	0	453.6M	-6.16B	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	415.9M	51.6M	233.8M	288.3M	1.13B	1.57B	1.5B	1.66B	1.85B	3.51B
Operating CF Margin %	0.17%	0.02%	0.09%	0.1%	0.27%	0.3%	0.29%	0.3%	0.3%	0.45%
Operating CF Growth %	0.47%	-0.88%	3.53%	0.23%	2.92%	0.39%	-0.05%	0.11%	0.11%	0.9%
Net Income	108.8M	-36.7M	32.4M	105.1M	978.9M	1.44B	1.12B	1.28B	1.33B	2.24B
Depreciation & Amortization	180.2M	179.8M	168M	169.1M	270.8M	252.5M	267.6M	217.5M	270.4M	459.2M
Stock-Based Compensation	29.9M	10M	17.2M	21.4M	224.1M	-28.3M	18.4M	22M	26.4M	30.1M
Deferred Taxes	3.8M	17.8M	8.6M	500K	343.9M	523.7M	334.3M	405M	0	0
Other Non-Cash Items	11.2M	-1.5M	-7M	-81.6M	-596.8M	-419.5M	-324.4M	-327.1M	330.7M	723.6M
Working Capital Changes	82M	-117.8M	14.6M	73.8M	-92M	-194.9M	78.1M	56.8M	-111M	55.5M
Change in Receivables	33.7M	-57.6M	22.2M	22.5M	-79M	6.9M	25.7M	19.9M	-296.2M	110.4M
Change in Inventory	1M	-14.8M	-28.2M	-24.8M	-26.4M	-44.7M	-18.9M	-13.6M	-12.9M	-48.3M
Change in Payables	47.3M	-45.4M	48M	87.8M	24M	-149M	71.3M	50.5M	198.1M	0
Cash from Investing+	-107.2M	-96.7M	-140.4M	-303M	-202.5M	-446.6M	-626.2M	-1.19B	-3.04B	-2.28B
Capital Expenditures	-99.8M	-110.6M	-125.9M	-347.4M	-181.1M	-395.7M	-584.1M	-1.15B	-2.99B	-2.25B
CapEx % of Revenue	0.04%	0.05%	0.05%	0.13%	0.04%	0.08%	0.11%	0.21%	0.48%	0.29%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-7.41M	13.9M	-14.5M	44.4M	-22.1M	-51M	-13.2M	-12.9M	-23.4M	-28.4M
Cash from Financing+	-281.1M	-53M	-45M	-7.9M	509.2M	-653.5M	-533M	-532.2M	-750.7M	-443.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-252.9M	-50.6M	-42.2M	0	-564.5M	-640.9M	-513.3M	-515.3M	-731.7M	-431M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	25K	0	0	-3.9M	-500K	-1M	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	316.1M	-59M	107.9M	-59.1M	947.8M	1.18B	913.7M	510.4M	-1.14B	1.26B
FCF Margin %	0.13%	-0.03%	0.04%	-0.02%	0.23%	0.22%	0.18%	0.09%	-0.18%	0.16%
FCF Growth %	0.64%	-1.19%	2.83%	-1.55%	17.04%	0.24%	-0.22%	-0.44%	-3.23%	2.1%
FCF per Share	74.87	-13.98	25.56	-8.69	120.94	136.78	106.13	59.01	-131.74	14.50
FCF Conversion (FCF/Net Income)	6.72x	3.77x	35.97x	3.67x	1.78x	1.09x	1.33x	1.29x	1.39x	1.57x
Interest Paid	0	0	0	0	0	0	0	0	0	11.5M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.31%	1.04%	0.51%	3.97%	18.87%	32.5%	21.91%	21.88%	20.19%	28.44%
Return on Invested Capital (ROIC)	7.94%	-1.77%	3.81%	5.52%	29.36%	53.78%	34.56%	31.24%	23.6%	9.83%
Gross Margin	8.06%	1.37%	5.73%	7.54%	29.8%	35.7%	26.9%	28.84%	29%	39.74%
Net Margin	2.54%	0.59%	0.26%	2.84%	15.17%	27.33%	21.96%	23.31%	21.29%	28.47%
Debt / Equity	0.01x	0.01x	0.01x	0.00x	0.01x	0.01x	0.01x	0.01x	0.00x	0.00x
Interest Coverage	2.52x	-0.47x	0.89x	1.60x	13.63x	30.85x	17.93x	20.21x	23.85x	-
FCF Conversion	6.72x	3.77x	35.97x	3.67x	1.78x	1.09x	1.33x	1.29x	1.39x	1.57x
Revenue Growth	15.57%	-3.83%	6.43%	10.91%	51.52%	25.9%	-2.86%	7.38%	13.53%	26.26%

Frequently Asked Questions

Valuation & Price

DRDGOLD Limited (DRD) has a price-to-earnings (P/E) ratio of 1.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

DRDGOLD Limited (DRD) reported $14.12B in revenue for fiscal year 2025. This represents a 370% increase from $3.00B in 2012.

DRDGOLD Limited (DRD) grew revenue by 26.3% over the past year. This is strong growth.

Yes, DRDGOLD Limited (DRD) is profitable, generating $3.28B in net income for fiscal year 2025 (28.5% net margin).

Dividend & Returns

Yes, DRDGOLD Limited (DRD) pays a dividend with a yield of 13.87%. This makes it attractive for income-focused investors.

DRDGOLD Limited (DRD) has a return on equity (ROE) of 28.4%. This is excellent, indicating efficient use of shareholder capital.

DRDGOLD Limited (DRD) generated $115.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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