SERVCORP LIMITED (SRV)
Share Price Analysis and Chart

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SRV - SERVCORP LIMITED

FNArena Sector : Commercial Services & Supplies
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 2.31
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.08

27 Sep
2023

-0.020

OPEN

$3.08

-0.65%

HIGH

$3.10

3,760

LOW

$3.08

TARGET
$5.05 64.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIM . ANN . ASB . CUP . DGL . KPG . QHL . RDX .
FNARENA'S MARKET CONSENSUS FORECASTS
SRV: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 11.4 39.2 xxx
DPS (cps) xxx 22.0 24.0 xxx
EPS Growth xxx - 60.5% 100.0% xxx
DPS Growth xxx 10.0% 9.1% xxx
PE Ratio xxx N/A 7.8 xxx
Dividend Yield xxx N/A 7.8% xxx
Div Pay Ratio(%) xxx 192.5% 61.2% xxx

Dividend yield today if purchased 3 years ago: 9.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.17

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/09 - ex-div 12c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx11.4
DPS All xxxxxxxxxxxxxxx22.0
Sales/Revenue xxxxxxxxxxxxxxx292.7 M
Book Value Per Share xxxxxxxxxxxxxxx194.0
Net Operating Cash Flow xxxxxxxxxxxxxxx155.5 M
Net Profit Margin xxxxxxxxxxxxxxx3.78 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx5.73 %
Return on Invested Capital xxxxxxxxxxxxxxx2.55 %
Return on Assets xxxxxxxxxxxxxxx1.81 %
Return on Equity xxxxxxxxxxxxxxx5.73 %
Return on Total Capital xxxxxxxxxxxxxxx7.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx116.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx106 M
Long Term Debt xxxxxxxxxxxxxxx262 M
Total Debt xxxxxxxxxxxxxxx368 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx116 M
Price To Book Value xxxxxxxxxxxxxxx1.55

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx20.6 M
Capex % of Sales xxxxxxxxxxxxxxx7.03 %
Cost of Goods Sold xxxxxxxxxxxxxxx176 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx79 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

25/08/2023

1

Buy

$4.50

46.10%

Servcorp delivered FY23 underlying profit and free cash flow in line with guidance, UBS notes, despite occupancy rates softening in China and Japan.

FY24 guidance is a touch ahead of expectations, and should be driven by a tick up in occupancy rates and a 7% increase in space. Management indicated a solid start to FY24 and the broker views guidance as conservative.

Into the medium term, UBS sees Servcorp as well positioned to take advantage of a more favourable industry competitive structure. A deterioration in global business/macro conditions from here is a risk, but the broker believes guidance and its own forecasts are conservative and do not factor in a substantial recovery.

Buy and $4.50 target retained.

FORECAST
UBS forecasts a full year FY24 dividend of 24.00 cents and EPS of 41.00 cents.
UBS forecasts a full year FY25 dividend of 25.00 cents and EPS of 42.00 cents.
Access Stockbroker Research History >

SRV STOCK CHART

FNArena News on SRV

1
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia
2
Rudi’s View: Awaiting The August Verdict

Aug 02 2023 - Rudi's View
3
Rudi’s View: Fear & Greed (Rinse & Repeat)

Mar 15 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Mar 01, 2023

Mar 01 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 17-02-2023

Feb 17 2023 - Australia

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