DRDGOLD Limited DRD

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
75/100
Strong

About DRDGOLD Limited

DRDGOLD Limited, a gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa. It sells gold and silver bullion. It is involved in provision care and maintenance services; produces renewable power; employee home loans; and operation of training center. The company was formerly known as Durban Roodepoort Deep Limited and changed … Full DRD analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 72.3th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.78), with robust interest coverage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
69

Where DRD ranks in Gold

DRDGOLD Limited ranks #3 of 49 scored companies in Gold by moat score — the top 6%. The widest moat in the group is Agnico Eagle Mines Limited (AEM) at 78/100.

Moat scores for companies ranked near DRD in Gold
# Company Moat score Rating
1 Agnico Eagle Mines Limited AEM 78/100 Strong
2 Wheaton Precious Metals Corp WPM 78/100 Strong
3 DRDGOLD Limited DRD 75/100 Strong
4 Osisko Gold Royalties Ltd OR 75/100 Strong
5 Gold Fields Limited GFI 72/100 Moderate
6 Franco-Nevada Corporation FNV 72/100 Moderate
7 Alamos Gold Inc. AGI 71/100 Moderate
8 Newmont Corporation NEM 71/100 Moderate
9 Royal Gold, Inc. RGLD 70/100 Moderate

See every Commodities & Mining company ranked by moat score →

How DRD scores on the Corporate Default defenses

Pricing Power

Score 68 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 82 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 80 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 83 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 74 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 65 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding DRD's moat

What is DRDGOLD Limited's moat score?

DRDGOLD Limited (DRD) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #3 of 49 scored companies in Gold, the top 6%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Capital Efficiency (83/100) and its weakest is Scale & Market Position (65/100).

How does DRDGOLD Limited compare with other Gold companies?

DRDGOLD Limited ranks #3 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are Wheaton Precious Metals Corp (WPM) at 78 just above it and Osisko Gold Royalties Ltd (OR) at 75 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.

Why is DRDGOLD Limited scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for DRDGOLD Limited?

The Corporate Default template measures 6 defenses, and DRD scores: Pricing Power (68), Cost Advantage (82), Customer Stickiness (80), Capital Efficiency (83), Resilience (74), Scale & Market Position (65). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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