Annuncio • Sep 15
GR Engineering Services Limited, Annual General Meeting, Nov 21, 2025 GR Engineering Services Limited, Annual General Meeting, Nov 21, 2025. Declared Dividend • Aug 27
Final dividend increased to AU$0.12 Dividend of AU$0.12 is 20% higher than last year. Ex-date: 1st September 2025 Payment date: 25th September 2025 Dividend yield will be 5.1%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) nor is it covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 21% EPS growth achieved over the last 5 years. New Risk • Aug 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 112% Dividend yield: 5.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.20 (vs AU$0.19 in FY 2024) Full year 2025 results: EPS: AU$0.20 (up from AU$0.19 in FY 2024). Revenue: AU$479.0m (up 13% from FY 2024). Net income: AU$34.2m (up 9.7% from FY 2024). Profit margin: 7.1% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 25
Gr Engineering Services Limited Declares Ordinary Dividend for the Six Months Ended June 30, 2025; Payable on September 25, 2025 GR Engineering Services Limited declared ordinary dividend of AUD 0.12000000 per share for the six months ended June 30, 2025. Payable on September 25, 2025; Record Date September 9, 2025. Ex Date: September 1, 2025. Annuncio • Feb 24
GR Engineering Services Limited Declares Fully Franked Dividend for the Six Months Ended 31 December 2024, Payable on 25 March 2025 GR Engineering Services Limited announced that a fully franked dividend of 10.0 cents per share has been declared for the six months ended 31 December 2024 (31 December 2023: 9.0 cents per share fully franked). The ex-dividend date for the interim dividend is 4 March 2025, the record date for determining entitlements to the interim dividend is 5 March 2025 and the payment date for the interim dividend is 25 March 2025. Annuncio • Oct 29
GR Engineering Services Limited, Annual General Meeting, Nov 27, 2024 GR Engineering Services Limited, Annual General Meeting, Nov 27, 2024. Location: empire bar, 220 great eastern hwy, lathlain, western australia, Australia Annuncio • Aug 24
GR Engineering Services Limited Declares Final Dividend for the Financial Year Ended 30 June 2024, Payable on 20 September 2024 On 15 August 2024, the Board of GR Engineering Services Limited resolved to declare a final dividend of 10 cents per share, fully franked for the financial year ended 30 June 2024. The ex- dividend date for this dividend will be 2 September 2024, the Record Date is 3 September 2024 and the Payment Date will be 20 September 2024. Annuncio • Jul 12
GR Engineering Services Limited Announces the Temporary Suspension of Nickel West Operations and the West Musgrave Project GR Engineering Services Limited announced the temporary suspension of Nickel West operations and the West Musgrave Project. The company stated that a transition period will commence from July 2024, with operations to be suspended in October 2024 and handover activities for temporary suspension will be completed by December 2024. Upcoming Dividend • Feb 26
Upcoming dividend of AU$0.09 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 25 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Australian dividend payers (6.5%). Higher than average of industry peers (5.1%). Declared Dividend • Feb 24
First half dividend of AU$0.09 announced Dividend of AU$0.09 is the same as last year. Ex-date: 4th March 2024 Payment date: 25th March 2024 Dividend yield will be 8.3%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio) nor is it covered by cash flows (276% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control, which is less than the 31% EPS growth achieved over the last 5 years. Reported Earnings • Feb 23
First half 2024 earnings released: EPS: AU$0.087 (vs AU$0.08 in 1H 2023) First half 2024 results: EPS: AU$0.087 (up from AU$0.08 in 1H 2023). Revenue: AU$187.3m (down 44% from 1H 2023). Net income: AU$14.3m (up 10% from 1H 2023). Profit margin: 7.6% (up from 3.9% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Buying Opportunity • Jan 05
Now 22% undervalued Over the last 90 days, the stock is up 6.5%. The fair value is estimated to be AU$2.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Cash payout ratio: 304% Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Upcoming Dividend • Aug 28
Upcoming dividend of AU$0.10 per share at 8.3% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 22 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (5.9%). Annuncio • Aug 24
GR Engineering Services Limited, Annual General Meeting, Nov 22, 2023 GR Engineering Services Limited, Annual General Meeting, Nov 22, 2023. Annuncio • Aug 23
GR Engineering Services Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended 30 June 2023, Payment Date Is 22 September 2023 GR Engineering Services Limited announced Ordinary fully franked dividend of AUD 0.10000000 for the period of six months ended 30 June 2023. Ex Date is 4 September 2023. Record Date is 5 September 2023. Payment Date is 22 September 2023. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.17 (vs AU$0.22 in FY 2022) Full year 2023 results: EPS: AU$0.17 (down from AU$0.22 in FY 2022). Revenue: AU$557.4m (down 15% from FY 2022). Net income: AU$27.5m (down 21% from FY 2022). Profit margin: 4.9% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Aug 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Cash payout ratio: 173% Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be AU$2.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Mar 20
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be AU$2.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 22
First half 2023 earnings released: EPS: AU$0.08 (vs AU$0.096 in 1H 2022) First half 2023 results: EPS: AU$0.08 (down from AU$0.096 in 1H 2022). Revenue: AU$331.9m (up 9.8% from 1H 2022). Net income: AU$13.0m (down 12% from 1H 2022). Profit margin: 3.9% (down from 4.9% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 16
GR Engineering Services Limited Appoints Tony Patrizi as Managing Director GR Engineering Services Limited announced that Tony Patrizi will be appointed as Managing Director, effective immediately. Tony Patrizi has been GR Engineering's acting Managing Director since October 2022. Tony Patrizi is a co-founder of GR Engineering and is a Mechanical Engineer with over 40 years' experience in the mining and minerals processing sector. Tony has held an executive role on the Board and has been a key member of GR Engineering's senior management team since the company's inception. Tony Patrizi was selected following a comprehensive search conducted by an external search agency. This search considered experienced and highly credentialled candidates. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Joe Totaro was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.22 (vs AU$0.14 in FY 2021) Full year 2022 results: EPS: AU$0.22 (up from AU$0.14 in FY 2021). Revenue: AU$654.0m (up 66% from FY 2021). Net income: AU$34.7m (up 65% from FY 2021). Profit margin: 5.3% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Aug 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Joe Totaro was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 17% share price gain to AU$2.00, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 9x in the Metals and Mining industry in Australia. Total returns to shareholders of 161% over the past three years. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.096 (up from AU$0.055 in 1H 2021). Revenue: AU$302.3m (up 71% from 1H 2021). Net income: AU$14.7m (up 73% from 1H 2021). Profit margin: 4.9% (up from 4.8% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is expected to shrink by 1.4% compared to a 761% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to AU$1.73, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 53% over the past three years. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.15 (vs AU$0.047 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$393.4m (up 75% from FY 2020). Net income: AU$23.2m (up AU$30.5m from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 29
GR Engineering Services Limited (ASX:GNG) entered into an agreement to acquire Mipac Holdings Pty Ltd from Eddie De Rivera and others for AUD 21.3 million. GR Engineering Services Limited (ASX:GNG) entered into an agreement to acquire Mipac Holdings Pty Ltd from Eddie De Rivera and others for AUD 21.3 million on April 27, 2021. As per the terms, GR Engineering Services Limited will pay AUD 7.5 million in cash and will issue of 5.4 million shares on completion and will also pay a further consideration of AUD 2 million in cash and will issue up to 3.8 million ordinary shares, subject to Mipac achieving agreed normalized EBITDA targets. The cash payment to be paid or that may be payable under the share sale agreement is to be funded from GR Engineering Services Limited’s existing cash reserves. All shares issued as purchase price consideration will be subject to a 12 month voluntary escrow arrangement from the date of issue. As a part of the transaction, Mipac Holdings Pty Ltd’s current Managing Director and major shareholder, Eddie De Rivera, has agreed to continue in this role and Mipac Holdings Pty Ltd’s team will join GR Engineering Services Limited. The transaction is subject to obtaining third party consents, retaining the services of key personnel and is expected to complete prior to 31 May 2021. The transaction is expected to be immediately earnings per share (EPS) accretive and is not anticipated to have a material impact on GR Engineering Services Limited’s earnings in the financial year ending June 30, 2021. Upcoming Dividend • Mar 04
Upcoming Dividend of AU$0.05 Per Share Will be paid on the 1st of April to those who are registered shareholders by the 11th of March. The trailing yield of 6.9% is in the top quartile of Australian dividend payers (5.5%), and it is higher than industry peers (5.0%). Analyst Estimate Surprise Post Earnings • Feb 24
Revenue beats expectations Revenue exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 24%, compared to a 141% growth forecast for the Metals and Mining industry in Australia. Reported Earnings • Feb 23
First half 2021 earnings released: EPS AU$0.055 (vs AU$0.073 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$176.3m (up 85% from 1H 2020). Net income: AU$8.53m (up AU$19.7m from 1H 2020). Profit margin: 4.8% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 13
New 90-day high: AU$1.33 The company is up 27% from its price of AU$1.05 on 11 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.11 per share. Is New 90 Day High Low • Feb 05
New 90-day high: AU$1.28 The company is up 21% from its price of AU$1.06 on 05 November 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.05 per share. Is New 90 Day High Low • Feb 03
New 90-day high: AU$1.27 The company is up 20% from its price of AU$1.06 on 05 November 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.06 per share. Is New 90 Day High Low • Dec 31
New 90-day high: AU$1.22 The company is up 16% from its price of AU$1.06 on 02 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$1.08 per share. Upcoming Dividend • Oct 01
Upcoming Dividend of AU$0.04 Per Share Will be paid on the 21st of October to those who are registered shareholders by the 8th of October. The trailing yield of 5.9% is in the top quartile of Australian dividend payers (5.7%), and it is higher than industry peers (5.2%).