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Desane Group Holdings Limited
Real Estate · Real Estate Services
Updated just now
$0.78
MARKET CAP
$31.91M
P/E RATIO
9.6
DIV. YIELD
—
FRANKING
21%
Desane Group Holdings Limited engages in the property development and investment activities in Australia. The company operates through Property Development, Property Investment, Property Project Management and Resale, and Property Services segments.
View full descriptionThe Warsi Rating combines two proven approaches: value investing principles and dividend strategy. A stock must score 70+ on both to be rated Solid or higher.
$1.61
Discounted cash flow estimate
$0.97
For 6% dividend yield
Business quality and balance-sheet durability.
How much the company owes vs. what it owns
Excellent. Very low debt (0.18) means strong financial flexibility and minimal bankruptcy risk.
Current Snapshot
Current D/E
0.18x
Industry Limit
2.00x
Headroom
+1.82x
Why It Matters
Debt-to-equity shows balance-sheet risk. Lower leverage usually means more flexibility when earnings soften.
Formula
Total Debt / Shareholders' EquityMethod
Compare current D/E against the industry threshold used in the scoring framework, then assess remaining headroom.
Worked Example
This company's D/E is 0.18, meaning it carries 18 cents of debt for every $1 of equity. The real estate investment trusts limit is 2.00, leaving 1.82 of headroom.
How to Interpret
Lower values generally imply lower refinancing pressure and lower dividend stress in downturns.
Very low debt means this company has maximum flexibility. They won't need to cut dividends to service loans during downturns - your income stream is protected by a fortress balance sheet.
Sources
Short-term assets vs. short-term debts
Profit generated per $1 of shareholder investment
Real cash left after running the business
Negative free cash flow means the company is consuming cash. May need to raise debt or equity to fund operations.
Current Snapshot
Current FCF
$-978,000
Pass Rule
> $0
Status
Negative
Why It Matters
Free cash flow is the cash available after core operating and capital needs. It is central to dividend capacity.
Formula
Operating Cash Flow - Capital ExpendituresMethod
Review whether free cash flow is consistently positive and whether it is sufficient relative to dividends and debt needs.
Worked Example
This company generated $-978,000 in free cash flow — cash left after operating costs and capital expenditure. Negative FCF means the company is consuming more cash than it generates.
How to Interpret
Persistently negative free cash flow can force reliance on borrowing or equity issuance to maintain payouts.
Negative cash flow means dividends may require borrowing - an unsustainable situation. The company is spending more cash than it generates, which can't continue indefinitely.
Sources
Price versus estimated intrinsic value and required return thresholds.
What percentage of the stock price comes back as earnings each year
Strong value. 10.4% earnings yield exceeds the threshold, and multiple valuation checks confirm it's attractively priced.
Current Snapshot
Current Yield
10.4%
Required Yield
7.5%
Spread
+2.9pp
Why It Matters
Earnings yield reframes valuation as return on price paid. It helps compare equity earnings power against lower-risk alternatives.
Formula
(Earnings per Share / Stock Price) x 100Method
Calculate current earnings yield, then compare it to the required yield for the stock's industry setting.
Worked Example
With EPS of $0.08 and a share price of $0.78, earnings yield is 10.4%. The required yield for this industry is 7.5% (based on 4.5% government bond rate plus a risk premium).
How to Interpret
A yield above the required level suggests better valuation support; below it indicates thinner compensation for equity risk.
Multiple ways of measuring value agree: you're getting a fair deal. The stock offers solid returns compared to what you'd earn from safe bonds.
Sources
How current price compares with estimated intrinsic value
Years of earnings needed to retire all long-term debt
Manageable debt. Could pay off long-term debt in 6.1 years — comfortably within the 10-year threshold.
Current Snapshot
Payoff Years
6.1yr
Target Years
10yr
Gap
+3.9yr
Why It Matters
Debt payoff years converts leverage into an intuitive time measure, making debt burden easier to compare across stocks.
Formula
Long-Term Debt / Average Net Income (3yr)Method
Use current long-term debt and the 3-year average net income to smooth one-off profit noise.
Worked Example
With $13M in long-term debt and $2M in average annual earnings (3yr), it would take 6.1 years of earnings to pay off all debt. The real estate investment trusts threshold is 10 years.
How to Interpret
Lower values generally indicate stronger debt capacity. Very high values can constrain dividend resilience.
Debt is comfortably serviceable from earnings. This means interest payments won't crowd out dividends, even during moderate downturns.
Sources
Percentage of revenue that becomes profit after all expenses
Consistency of profits over time
Is the business growing — and is debt being managed responsibly?
Revenue and debt both growing — check whether debt is funding productive growth or covering shortfalls. Sustainable dividends require revenue to outpace debt over time.
Current Snapshot
Revenue Change
+29.6%
Debt Change
+116.9%
Trend State
Mixed
Why It Matters
Revenue trend shows whether the business is expanding or contracting. Debt trend adds context on whether growth is being funded conservatively.
Formula
Revenue Change (%) = (Latest Revenue - Earliest Revenue) / |Earliest Revenue| x 100; Debt Change (%) = (Latest Debt - Earliest Debt) / |Earliest Debt| x 100Method
Map annual revenue history and, where relevant, annual debt history. For financial companies, debt is excluded because deposits and reserves distort this signal.
Worked Example
Revenue changed by +29.6% across the displayed period, while debt changed by +116.9%.
How to Interpret
Rising revenue with stable or falling debt is typically stronger than rising revenue funded by rapidly rising leverage.
Revenue and debt both growing — check whether debt is funding productive growth or covering shortfalls. Sustainable dividends require revenue to outpace debt over time.
Sources
Annual dividends as percentage of stock price
7.49% yield meets Barsi's 6% minimum. Based on 6-year average, not one-time spikes.
Current Snapshot
6Y Avg Yield
7.5%
6% Requirement
6.0%
Gross Yield
8.1%
Why It Matters
Yield translates dividend income into a percentage of the price paid, which is central to income-first screening.
Formula
Annual Dividends per Share / Stock Price x 100Method
Use the 6-year average annual dividend for consistency and compare the result with the 6% framework requirement.
Worked Example
With a 6-year average annual dividend of $0.06 and a share price of $0.78, the Barsi yield is 7.5%. The minimum requirement is 6%. Including franking credits, the gross yield is 8.1%.
How to Interpret
Higher sustainable yield improves upfront income, but unusually high yields may reflect elevated risk or weak coverage.
This yield provides meaningful income that can beat inflation and compound over time. With DRIP enabled, this income can snowball into significant wealth.
Sources
Track record of consistent dividend payments
| Ex-Date | Pay Date | Gross | Franking | Net | Credit |
|---|---|---|---|---|---|
| ~24 Feb 2027Est | ~24 Mar 2027 | ~$0.03 | 82% | ~$0.02 | $0.01 |
| ~18 May 2028Est | ~15 June 2028 | ~$0.03 | 82% | ~$0.02 | $0.01 |
Highest price to lock in 6% yield
Industry category of the business
Real Estate is not a BESST sector. Non-BESST stocks receive a lower base score but can still qualify with exceptional dividend metrics.
Current Snapshot
Industry
Real Estate Services
BESST Match
No
Score Impact
No bonus
Why It Matters
Sector classification helps contextualise risk and demand durability, which can materially affect dividend stability.
Formula
BESST Match = Sector in {Banks, Energy, Sanitation, Insurance, Telecom}Method
Match company sector or industry against BESST categories. A match adds scoring support but does not replace core dividend checks.
Worked Example
This company operates in Real Estate Services (Real Estate sector). It does not match a BESST sector, so it receives the standard base score. Non-BESST stocks can still qualify with strong dividend metrics.
How to Interpret
Sources
How much of a company's earnings are paid out as dividends
Payout ratio data is limited. Without this metric, it’s harder to assess whether dividends are sustainable relative to earnings.
Current Snapshot
Latest Ratio
N/A
Healthy Range
30%-75%
Zone
N/A
Why It Matters
Payout ratio links dividends to earnings capacity and helps evaluate whether current distributions are likely to remain supportable.
Formula
Payout Ratio (%) = (Annual Dividend per Share / Earnings per Share) x 100Method
Calculate year-by-year payout ratios where EPS is positive, classify each year by sustainability zone, and compare with the current TTM ratio.
Worked Example
$0.02 dividend / $0.08 EPS equals 24.7% payout ratio.
How to Interpret
Ratios in the middle range are usually more sustainable than very high ratios. Values above 100% indicate dividends exceeded earnings in that period.
Payout ratio data is limited. Without this metric, it’s harder to assess whether dividends are sustainable relative to earnings.
Sources
Desane Group Holdings Limited engages in the property development and investment activities in Australia. The company operates through Property Development, Property Investment, Property Project Management and Resale, and Property Services segments. It is involved in the development, management, rental, and resale of commercial, industrial, and residential properties. The company was incorporated in 1986 and is based in Pyrmont, Australia.
Who owns the company's shares and how much leadership has at stake
When leaders own 20%+, they win when you win and lose when you lose
A handful of professional investors are watching
Shares freely traded on the ASX by individual investors like you
The people running this company own a large chunk of it (70.8%). When leadership has their own money on the line, they tend to make decisions that benefit all shareholders — not just their salary. Professional fund managers also hold shares, which is a vote of confidence in the business.
Current Snapshot
Insider %
70.8%
Institutional %
12.5%
Float %
16.7%
Why It Matters
Ownership mix affects governance incentives, liquidity, and share-price behaviour under large portfolio rebalancing flows.
Formula
Public Float (%) = 100 - Insider Ownership (%) - Institutional Ownership (%)Method
Use reported ownership percentages, convert to percentage terms, and compute remaining public float as the residual.
Worked Example
If insiders own 70.8% and institutions own 12.5%, public float is 16.7%.
How to Interpret
Higher insider ownership can improve alignment of incentives, while dominant institutional concentration can amplify short-term price moves.
The people running this company own a large chunk of it (70.8%). When leadership has their own money on the line, they tend to make decisions that benefit all shareholders — not just their salary. Professional fund managers also hold shares, which is a vote of confidence in the business.
Sources
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| 30 June 2025 | Ichsan (Kylie) Company Secretary | Unknown | 4K | — |
| 13 June 2025 | Krejci (Peter) Director (Non-Executive) | Purchase at price 0.51 per share. | 25K | $13K |
Company insiders have been net buyers of shares over the past 12 months. This may indicate management confidence in future prospects.
Both value and dividend analyses may be affected by missing data.
Market data sourced from third-party financial data providers. Analysis generated using Warsi Criteria — proprietary scoring algorithms for value investing and dividend income analysis. Not financial advice. Learn how we analyse stocks →
Strong liquidity. 8.35 ratio means ample cash to cover short-term obligations.
Current Snapshot
Current Ratio
8.35x
Warning Floor
1.00x
Target
1.50x
Why It Matters
Liquidity supports operational stability. Companies with weak liquidity can face pressure even when long-term fundamentals are sound.
Formula
Current Assets / Current LiabilitiesMethod
Compare the current ratio to the warning floor and target level used in the framework.
Worked Example
This company's current ratio is 8.35x — it has $8.35 in short-term assets for every $1 of short-term liabilities. The target is 1.5x, with a warning floor at 1.0x.
How to Interpret
Ratios above the target suggest healthier short-term resilience; ratios below 1.0x can indicate immediate funding risk.
Strong liquidity means the company can keep paying dividends even during temporary revenue drops. There's ample cash cushion to weather storms.
Sources
7.1% average is below the 8% threshold. This suggests the business may lack a durable competitive advantage.
Current Snapshot
10Y Avg
7.1%
Threshold
8.0%
Worst Year
-9.3%
Why It Matters
ROE shows how effectively management turns shareholder capital into profit. High and stable ROE can signal pricing power, cost discipline, or both.
Formula
Net Income / Shareholders' Equity x 100Method
Use the 10-year average ROE and review the weakest year to check whether returns stayed resilient across cycles.
Worked Example
This company's 10-year average ROE is 7.1%, meaning each $1 of shareholder equity generates $0.07 in annual profit. The threshold is 8%, and the worst single year was -9.3%.
How to Interpret
Higher and steadier ROE generally supports stronger long-term compounding. Large drawdowns in weak years can point to fragility.
Lower ROE means your investment compounds more slowly. At 7.1%, this business needs more capital to generate the same returns as competitors. Consider whether other strengths (yield, stability) compensate for weaker profitability.
Sources
Stock is trading 31% BELOW the fair-value threshold (includes 30% margin of safety).
Current Snapshot
Current Margin
51.5%
Industry Threshold
30%
Status
31% Undervalued
Why It Matters
Margin of safety provides a valuation buffer against modelling uncertainty and adverse business outcomes.
Formula
(Estimated Intrinsic Value per Share - Current Price) / Estimated Intrinsic Value per Share x 100Method
Estimate intrinsic value using a two-stage DCF (10-year projection plus terminal value), then compare with current price.
Worked Example
For this stock now: intrinsic value is $1.61 per share, current price is $0.78, and margin of safety is 51.5%.
How to Interpret
Positive margin indicates price below modelled value; negative margin indicates price above modelled value. Compare against the industry's required buffer.
Price is below your required threshold, so you retain a margin-of-safety buffer against normal valuation error and market volatility.
Sources
Exceptional 142.5% net margin signals a strong and durable competitive advantage.
Current Snapshot
Current Margin
142.5%
Threshold
15.0%
Relative Position
+127.5%
Why It Matters
Net income margin shows how much profit the business keeps from each dollar of revenue after all costs.
Formula
Net Income / Total Revenue x 100Method
Compare current margin with the industry-specific threshold to avoid cross-sector distortions.
Worked Example
This company's net income margin is 142.5% — it keeps 143 cents of every revenue dollar as profit after all expenses. The real estate investment trusts threshold is 15%, putting it 127.5% above the requirement.
How to Interpret
Margins that are both strong and stable can indicate competitive strength; persistent weakness may limit reinvestment and payout capacity.
Outstanding profitability means this company converts a large share of every dollar earned into profit. This buffer protects dividends even if revenue dips — the hallmark of a moat.
Sources
10/4 positive EPS years. Limited data - full evaluation requires 8+ years. Monitor closely for consistency.
Current Snapshot
Positive Years
10/4
Allowed Losses
0 (limited)
EPS CAGR
-5.5%
Why It Matters
Consistency in EPS helps distinguish resilient earnings power from one-off performance spikes.
Formula
Positive EPS Years / Available EPS YearsMethod
For 8+ years of data, apply industry-specific loss tolerance. For limited data, every available year must be positive.
Worked Example
This company reported positive earnings in 10 of the last 4 years. With only 4 years of data, every year must be positive. EPS growth rate (CAGR) is -5.5%.
How to Interpret
Fewer loss years and stronger EPS continuity generally improve confidence in future dividend and valuation assumptions.
So far so good, but limited history means we haven't seen how this company handles a full economic cycle. Monitor closely for continued consistency.
Sources
| Ex-Date | Pay Date | Gross | Franking | Net | Credit |
|---|---|---|---|---|---|
| 2 Dec 2025Interim | 17 Dec 2025 | $0.03 | 82% | $0.02 | $0.01 |
| 11 Oct 2021Final | 8 Nov 2021 | $0.02 | 0% | $0.02 | $0.00 |
| 4 Mar 2021Interim | 1 Apr 2021 | $0.02 | 0% | $0.02 | $0.00 |
| 9 Oct 2020Final | 6 Nov 2020 | $0.02 | 0% | $0.02 | $0.00 |
| 5 Mar 2020Interim | 2 Apr 2020 | $0.02 | 0% | $0.02 | $0.00 |
| 10 Oct 2019Final | 7 Nov 2019 | $0.03 | 0% | $0.03 | $0.00 |
| 7 Mar 2019Interim | 4 Apr 2019 | $0.02 | 0% | $0.02 | $0.00 |
| 11 Oct 2018Final | 8 Nov 2018 | $0.02 | 0% | $0.02 | $0.00 |
| 8 Mar 2018Interim | 5 Apr 2018 | $0.02 | 0% | $0.02 | $0.00 |
| 20 Sept 2017Final | 18 Oct 2017 | $0.12 | 0% | $0.12 | $0.00 |
7 years of consistent dividends meets Barsi's 6-year minimum requirement.
Current Snapshot
History
7yr
Predictability
Variable
Payout Health
N/A
Why It Matters
Payment consistency is a direct test of dividend reliability. Large cuts or skips often appear before confidence recovers.
Formula
Consecutive Years = count of years with dividend payments and no disqualifying skip/cut eventsMethod
Require at least 6 years of history, then check for skipped years and large cuts, allowing approved systemic-event exceptions.
Worked Example
This company has 7 years of dividend history (2016–2025). No suspensions detected — 7 consecutive years of payments. Predictability: Variable. Payout health: N/A. The minimum requirement is 6 years.
How to Interpret
Longer uninterrupted records generally signal stronger income reliability than high yield alone.
A consistent track record through recent years gives confidence your income will continue. This company has shown commitment to shareholder returns.
Sources
Current price is favourable. Locks in 6%+ dividend yield based on historical average.
Current Snapshot
Current Price
$0.78
Max Buy Price
$0.97
Delta
+19.6%
Why It Matters
The price ceiling links valuation discipline to income targets by defining the price that aligns with a 6% yield target.
Formula
6-Year Average Annual Dividend / 0.06Method
Use the 6-year average dividend (not one year) and divide by 0.06 to estimate the maximum entry price for target yield.
Worked Example
With a current price of $0.78 and a ceiling of $0.97, the entry is 19.6% below the ceiling.
How to Interpret
Prices below the ceiling imply a historical yield above 6%; prices above it imply a lower historical yield at entry.
Buying below the ceiling locks in your target yield based on proven historical dividends — not projections. Your income is secured at this price.
Sources
BESST alignment is a positive context signal. Non-BESST stocks can still qualify with strong yield and dividend consistency.
Non-essential businesses face demand drops during recessions — discretionary spending is first to be cut. This increases cyclical risk for dividends, but companies with decades of consistent payments can still demonstrate durability.
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