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SDI
Healthcare · Medical Instruments & Supplies
Updated 2 hours ago
$0.00
MARKET CAP
—
P/E RATIO
—
DIV. YIELD
—
FRANKING
100%
SDI Limited, together with its subsidiaries, engages in the research and development, manufacture, and distribution of dental restorative materials, whitening systems, and other dental materials in Australia, Europe, the United States, and Brazil.
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.
$0.51
For 6% dividend yield
Business quality and balance-sheet durability.
Profit after production costs, before overhead
Annual dividends as percentage of stock price
SDI Limited, together with its subsidiaries, engages in the research and development, manufacture, and distribution of dental restorative materials, whitening systems, and other dental materials in Australia, Europe, the United States, and Brazil. The company offers adhesives, alloys, luting cement, composites, etchants, glass ionomers, sealants, and tooth desensitizing agents and whitening products. It also provides dental equipment, including LED curing light, whitening stand, and multi-use triturator; and accessories, such as disposable brush applicators, premium complet applicators, and disposable syringe tips. The company sells its products through distributors, dental dealers, and dentists.
It exports its products. SDI Limited was founded in 1972 and is headquartered in Bayswater, Australia. As of July 6, 2026, SDI Limited operates as a subsidiary of Beijing Guoci Kebo Technology Co., Ltd.
There isn't enough financial data available for SDI to calculate value or dividend scores.
•Value: Missing core financial metrics (ROE, debt, margins)
•Dividend: No dividend history available
This is common for small-cap companies, recent listings, or exploration-stage companies.
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 →
Healthy 59.1% average margin suggests sustainable competitive advantage.
Current Snapshot
10Y Avg
59.1%
Threshold
40%
Worst Year
55.8%
Why It Matters
Gross margin indicates how much room a business has to absorb costs and still generate profit.
Formula
(Revenue - Cost of Goods Sold) / Revenue x 100Method
Assess both the long-term average and the weakest year. The framework checks for both level and consistency.
Worked Example
This company's 10-year average gross margin is 59.1% — it keeps 59 cents of every revenue dollar after production costs. The threshold is 40%, and the weakest year was 55.8%.
How to Interpret
Sustained high margins usually support durability. Sharp margin swings can signal weaker control or cyclical pressure.
Strong margins mean the company has pricing power. They can maintain profitability even if costs rise - protecting the dividend during inflationary periods.
Sources
Profit generated per $1 of shareholder investment
9.9% average is below the 15% threshold. This suggests the business may lack a durable competitive advantage. Note: COVID-19 Pandemic year(s) excluded — ROE recovered to 139% of target.
Current Snapshot
10Y Avg
9.9%
Threshold
15.0%
Worst Year
8.0%
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 9.9%, meaning each $1 of shareholder equity generates $0.10 in annual profit. The threshold is 15%, and the worst single year was 8.0%.
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 9.9%, this business needs more capital to generate the same returns as competitors. Consider whether other strengths (yield, stability) compensate for weaker profitability.
Sources
Consistency of profits over time
10/10 positive EPS years demonstrates highly predictable earnings through multiple economic cycles.
Current Snapshot
Positive Years
10/10
Allowed Losses
0
EPS CAGR
5.4%
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 10 years. The allowed loss tolerance for this industry is 0 years. EPS growth rate (CAGR) is 5.4%.
How to Interpret
Fewer loss years and stronger EPS continuity generally improve confidence in future dividend and valuation assumptions.
A perfect track record through multiple economic cycles means this company generates profits in good times and bad. Your dividend has a solid foundation.
Sources
How efficiently the company turns money into profit
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
+49.0%
Debt Change
+57.3%
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 +49.0% across the displayed period, while debt changed by +57.3%.
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
Insufficient dividend history. Barsi methodology requires 6 years of data to calculate average yield.
Current Snapshot
6Y Avg Yield
N/A
6% Requirement
6.0%
Gross Yield
N/A
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
If annual dividends are $0.60 and the share price is $10, dividend yield is 6.0%.
How to Interpret
Higher sustainable yield improves upfront income, but unusually high yields may reflect elevated risk or weak coverage.
Without 6 years of dividend history, we can't assess whether the yield is sustainable or a one-time spike. More data is needed to evaluate income potential.
Sources
Track record of consistent dividend payments
| Ex-Date | Pay Date | Gross | Franking | Net | Credit |
|---|---|---|---|---|---|
| ~21 Aug 2026Est | ~22 Sept 2026 | ~$0.02 | 100% | ~$0.02 | $0.01 |
| ~12 Feb 2027Est | ~12 Mar 2027 | ~$0.02 | 100% | ~$0.01 | $0.01 |
| Ex-Date | Pay Date | Gross | Franking | Net | Credit |
|---|---|---|---|---|---|
| 5 Sept 2025Final | 22 Sept 2025 | $0.03 | 100% | $0.02 | $0.01 |
| 15 Apr 2025Interim | 30 Apr 2025 | $0.02 | 100% | $0.01 | $0.01 |
| 5 Sept 2024Final | 10 Oct 2024 | $0.03 | 100% | $0.02 | $0.01 |
| 15 Apr 2024Interim | 20 May 2024 | $0.02 | 100% | $0.01 | $0.01 |
| 7 Sept 2023Final | 22 Sept 2023 | $0.03 | 100% | $0.02 | $0.01 |
| 13 Apr 2023Interim | 28 Apr 2023 | $0.02 | 100% | $0.01 | $0.01 |
| 2 Sept 2022Final | 19 Sept 2022 | $0.03 | 100% | $0.02 | $0.01 |
| 7 Apr 2022Interim | 22 Apr 2022 | $0.02 | 100% | $0.01 | $0.01 |
| 3 Sept 2021Final | 20 Sept 2021 | $0.02 | 100% | $0.02 | $0.01 |
| 8 Apr 2021Interim | 23 Apr 2021 | $0.02 | 100% | $0.01 | $0.01 |
Excellent track record. 10 years of consistent dividends through multiple market cycles.
Current Snapshot
History
10yr
Predictability
Stable
Payout Health
Sustainable
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 10 years of dividend history (2016–2025). No suspensions detected — 10 consecutive years of payments. Predictability: Stable. Payout health: Sustainable. The minimum requirement is 6 years.
How to Interpret
Longer uninterrupted records generally signal stronger income reliability than high yield alone.
A 10-year track record through multiple economic cycles gives confidence your income will continue. This company has proven it prioritises shareholder returns.
Sources
Highest price to lock in 6% yield
Current price is favourable. Locks in 6%+ dividend yield based on historical average.
Current Snapshot
Current Price
$0.00
Max Buy Price
$0.51
Delta
+100.0%
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 $0.00 and a ceiling of $0.51, the entry is 100.0% 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
Industry category of the business
Healthcare is not a BESST sector. Non-BESST stocks receive a lower base score but can still qualify with exceptional dividend metrics.
Current Snapshot
Industry
Medical Instruments & Supplies
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 Medical Instruments & Supplies (Healthcare 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
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.
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
$0.03 dividend / $0.10 EPS equals 33.2% 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
7.9% ROIC is below the 11.0% threshold. Company may not be earning enough to justify the money invested in it.
Current Snapshot
5Y Avg
7.9%
Threshold
11.0%
WACC Delta
-1.1pp
Why It Matters
ROIC measures capital efficiency. Businesses that repeatedly earn above their funding cost can compound value more effectively.
Formula
After-Tax Operating Profit / Invested Capital x 100Method
Use the 5-year average ROIC and compare it with industry WACC plus the required spread in this framework.
Worked Example
This company's 5-year average ROIC is 7.9%, with a cost of capital (WACC) of 9.0%. The -1.1pp gap below WACC suggests it may be destroying value on each dollar invested.
How to Interpret
A healthy spread above WACC suggests value creation; a narrow or negative spread points to weaker capital efficiency.
Returns below the cost of borrowing mean the business destroys value over time. This can erode the foundation that supports dividends — proceed with caution.
Sources
Fisher & Paykel Healthcare Corporation Limited
ResMed Inc.
Ansell Limited
Integral Diagnostics Limited
Clinuvel Pharmaceuticals Limited
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