SERVICE STREAM LIMITED (SSM)
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SSM - SERVICE STREAM LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.71
Index: ASX300 | ALL-ORDS

Service Stream is an Australian provider of services to the telecommunication and utilities industries. Services include design and construction of networks, renewable energy infrastructure and environmental services for utilities. It listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.90

05 Dec
2023

-0.005

OPEN

$0.91

-0.55%

HIGH

$0.91

909,594

LOW

$0.89

TARGET
$1.00 11.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGN . EVS . FLC . IPG . LBL . MAD . PPK . SDV . SHA . SND . VEE .
FNARENA'S MARKET CONSENSUS FORECASTS
SSM: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 0.7 6.8 xxx
DPS (cps) xxx 1.5 3.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx 50.0% 100.0% xxx
PE Ratio xxx N/A 13.6 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 208.3% 44.4% xxx

Dividend yield today if purchased 3 years ago: 0.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.64

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: 19/09 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx0.7
DPS All xxxxxxxxxxxxxxx1.5
Sales/Revenue xxxxxxxxxxxxxxx2,048.7 M
Book Value Per Share xxxxxxxxxxxxxxx75.6
Net Operating Cash Flow xxxxxxxxxxxxxxx94.8 M
Net Profit Margin xxxxxxxxxxxxxxx0.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.96 %
Return on Invested Capital xxxxxxxxxxxxxxx0.70 %
Return on Assets xxxxxxxxxxxxxxx0.42 %
Return on Equity xxxxxxxxxxxxxxx0.96 %
Return on Total Capital xxxxxxxxxxxxxxx4.95 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx80.3 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 xxxxxxxxxxxxxxx19 M
Long Term Debt xxxxxxxxxxxxxxx152 M
Total Debt xxxxxxxxxxxxxxx172 M
Goodwill - Gross xxxxxxxxxxxxxxx299 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx84 M
Price To Book Value xxxxxxxxxxxxxxx1.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx8.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,953 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx64 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx9 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

0.5

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

19/10/2023

3

Neutral

$0.91

1.11%

Service Stream reconfirmed FY24 profit guidance at its AGM (in line with consensus), advising September-quarter trading was in line with forecasts.

Macquarie observes growth is still reliant on infrastructure led investment and margins.

EPS forecasts fall -7% in FY24 and -2.3% in FY25 to reflect adjustments to the broker's depreciation and amortisation and net interest forecasts.

Neutral rating retained, the broker observing that the company, while enjoying tailwinds, has yet to prove it can maintain a consistent performance. Target price rises to 91c from 80c, advising the rise in the company's multiple is justified by guidance confirmation.

FORECAST
Macquarie forecasts a full year FY24 dividend of 2.50 cents and EPS of 6.60 cents.
Macquarie forecasts a full year FY25 dividend of 3.50 cents and EPS of 7.80 cents.
Access Stockbroker Research History >

SSM STOCK CHART

FNArena News on SSM

1
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
2
FNArena Corporate Results Monitor – 23-08-2023

Aug 23 2023 - Australia
3
Australian Broker Call *Extra* Edition – Jun 23, 2023

Jun 23 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 06, 2023

Mar 06 2023 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 24-02-23

Feb 27 2023 - Weekly Reports

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