Board Change • Jul 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Karen Phin was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 24
Supply Network Limited Announces Retirement of Peter William Gill as A Director, Effective June 30, 2026 Supply Network Limited announced that Mr. Peter William Gill will be retiring as a Director of the Company, effective June 30, 2026. Mr. Gill was appointed to the Board in May 2008 as Executive Finance Director, having previously been a Senior Finance Executive and Company Secretary since 1995, and became a non-executive director in October 2018. During his tenure, Mr. Gill served as Chairman of the Audit and Risk Committee and was a member of the Remuneration Committee. Ms Karen Phin was appointed as a Non-Executive Director on September 22, 2025 as part of the Board’s succession planning and will assume the role of Chairman of the Audit and Risk Committee following Mr. Gill's retirement. Ms Phin brings more than 30 years of legal, corporate advisory, capital markets and board experience. Buy Or Sell Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to AU$31.50. The fair value is estimated to be AU$39.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Aankondiging • Jan 23
Supply Network Limited Declares Fully Franked Interim Dividend for the Six Months Ended December 31, 2025, Payable on April 2, 2026 Supply Network Limited Directors Have Declared A Fully Franked Interim Dividend for the Six Months Ended December 31, 2025 of 36.0 Cents Per Share, with A Record Date of 19 March 2026, to Be Paid on April 2, 2026 and Ex- Date of 18 March 2026. Aankondiging • Sep 23
Supply Network Limited, Annual General Meeting, Oct 24, 2025 Supply Network Limited, Annual General Meeting, Oct 24, 2025. Location: at edwin flack room, sofitel sydney wentworth, 61 - 101 phillip street, sydney nsw 2000 Australia Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.93 (vs AU$0.79 in FY 2024) Full year 2025 results: EPS: AU$0.93 (up from AU$0.79 in FY 2024). Revenue: AU$349.5m (up 15% from FY 2024). Net income: AU$40.0m (up 21% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Global Retail Distributors industry. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Rob Fraser was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Rob Fraser was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Rob Fraser was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 09
Non-Executive Director recently sold AU$6.9m worth of stock On the 4th of October, Peter McKenzie sold around 231k shares on-market at roughly AU$30.00 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth AU$29m. Insiders have been net sellers, collectively disposing of AU$132m more than they bought in the last 12 months. Aankondiging • Oct 08
Supply Network Limited, Annual General Meeting, Nov 27, 2024 Supply Network Limited, Annual General Meeting, Nov 27, 2024. Location: at the offices of hlb mann judd, level 5, 10 shelley st, sydney nsw 2000. Australia New Risk • Oct 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% 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 High level of non-cash earnings (22% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Significant insider selling over the past 3 months (AU$53m sold). Upcoming Dividend • Sep 11
Upcoming dividend of AU$0.33 per share Eligible shareholders must have bought the stock before 18 September 2024. Payment date: 03 October 2024. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Australian dividend payers (6.1%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Sep 06
Non-Executive Director recently sold AU$29m worth of stock On the 3rd of September, Peter McKenzie sold around 1m shares on-market at roughly AU$29.25 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$126m more than they bought in the last 12 months. Reported Earnings • Aug 27
Full year 2024 earnings released: EPS: AU$0.79 (vs AU$0.67 in FY 2023) Full year 2024 results: EPS: AU$0.79 (up from AU$0.67 in FY 2023). Revenue: AU$302.9m (up 20% from FY 2023). Net income: AU$33.0m (up 21% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Retail Distributors industry. Aankondiging • Aug 26
Supply Network Limited Provides Earnings Guidance for 2025 Supply Network Limited provided earnings guidance for 2025. For the year, the company expects rate of revenue growth to be around long-term average of 14% p.a. Declared Dividend • Jul 29
First half dividend increased to AU$0.33 Dividend of AU$0.33 is 18% higher than last year. Ex-date: 18th September 2024 Payment date: 3rd October 2024 Dividend yield will be 2.3%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (216% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Mar 19
Non-Executive Director recently sold AU$72k worth of stock On the 18th of March, Peter Gill sold around 4k shares on-market at roughly AU$18.09 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$74m. Insiders have been net sellers, collectively disposing of AU$87m more than they bought in the last 12 months. Upcoming Dividend • Mar 13
Upcoming dividend of AU$0.23 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 04 April 2024. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (2.4%). Recent Insider Transactions • Mar 05
Non-Executive Director recently sold AU$93k worth of stock On the 1st of March, Peter Gill sold around 5k shares on-market at roughly AU$17.83 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$74m. Insiders have been net sellers, collectively disposing of AU$87m more than they bought in the last 12 months. Reported Earnings • Mar 01
First half 2024 earnings released: EPS: AU$0.36 (vs AU$0.31 in 1H 2023) First half 2024 results: EPS: AU$0.36 (up from AU$0.31 in 1H 2023). Revenue: AU$145.4m (up 22% from 1H 2023). Net income: AU$15.0m (up 18% from 1H 2023). Profit margin: 10% (in line with 1H 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Dividend is not well covered by cash flows (234% cash payout ratio). Significant insider selling over the past 3 months (AU$74m sold). Declared Dividend • Feb 02
Final dividend of AU$0.23 announced Shareholders will receive a dividend of AU$0.23. Ex-date: 20th March 2024 Payment date: 4th April 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 31
Supply Network Limited Declares Fully Franked Interim Dividend, to Be Paid on 4 April 2024 Directors of Supply Network Limited have declared a fully franked interim dividend of 23.0 cents per share, with a record date of 21 March 2024, to be paid on 4 April 2024. Recent Insider Transactions • Jan 11
Non-Executive Director recently sold AU$74m worth of stock On the 9th of January, Peter McKenzie sold around 5m shares on-market at roughly AU$16.25 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$87m more than they bought in the last 12 months. Recent Insider Transactions • Dec 25
Non-Executive Director recently sold AU$154k worth of stock On the 19th of December, Peter Gill sold around 10k shares on-market at roughly AU$15.38 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$13m more than they bought in the last 12 months. Aankondiging • Nov 29
Supply Network Limited Provides Earnings Guidance for the First Half of Fiscal Year 2024 Supply Network Limited provided earnings guidance for the first half of fiscal year 2024. For the period, the company expectation for the first half of fiscal year 2024 is for revenue of ~$145 million and PAT of ~ $15 million. The slightly lower profit margin reflects a higher cost base following investments in network expansion. Recent Insider Transactions • Oct 13
Non-Executive Director recently bought AU$2.4m worth of stock On the 11th of October, Peter McKenzie bought around 160k shares on-market at roughly AU$14.90 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$13m more in shares than they bought in the last 12 months. Aankondiging • Oct 09
Supply Network Limited, Annual General Meeting, Nov 29, 2023 Supply Network Limited, Annual General Meeting, Nov 29, 2023, at 14:00 AUS Eastern Standard Time. Location: 2 Turnbull Close Pemulway New South Wales Australia Agenda: To receive and consider the Financial Statements and the Reports of Directors and Auditors for the year ended 30 June 2023;to consider to adopt the Remuneration Report for the year ended 30 June 2023;to consider to election of Director;to consider to reapproval of Employee Incentive Plan; and to consider approval for Issue of Shares to Geoffrey David Huston Stewart under the EIP. Recent Insider Transactions • Sep 12
Insider recently sold AU$15m worth of stock On the 8th of September, Harry Forsyth sold around 1m shares on-market at roughly AU$15.00 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$15m more than they bought in the last 12 months. Upcoming Dividend • Sep 11
Upcoming dividend of AU$0.28 per share at 3.7% yield Eligible shareholders must have bought the stock before 18 September 2023. Payment date: 03 October 2023. Payout ratio is a comfortable 72% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (2.3%). Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: AU$0.67 (vs AU$0.49 in FY 2022) Full year 2023 results: EPS: AU$0.67 (up from AU$0.49 in FY 2022). Revenue: AU$252.4m (up 27% from FY 2022). Net income: AU$27.4m (up 37% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Global Retail Distributors industry. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 25
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 Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Dividend is not well covered by cash flows (112% cash payout ratio). Significant insider selling over the past 3 months (AU$5.7m sold). Aankondiging • Jul 30
Supply Network Limited Announces Dividend for the Year Ended June 30, 2023, Payable on October 3, 2023 Supply Network Limited announced a dividend of AUD 0.28000000 for the year ended June 30, 2023. The ex-date is on September 18, 2023. The record date is on September 19, 2023. The payment date is on October 3, 2023. New Risk • Jun 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$5.7m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (AU$5.7m sold). Aankondiging • May 28
Supply Network Limited Provides Consolidated Earnings Guidance for the Year 2023 Supply Network Limited provided consolidated earnings guidance for the year 2023. Consolidated sales revenue for the year 2023 is expected to be around $250 million and profit after tax around $26.5 million. Board Change • May 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 15
Upcoming dividend of AU$0.20 per share at 3.3% yield Eligible shareholders must have bought the stock before 22 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (7.2%). Higher than average of industry peers (2.3%). Buying Opportunity • Mar 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.9%. The fair value is estimated to be AU$14.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 21% in the next 2 years. Reported Earnings • Feb 27
First half 2023 earnings released: EPS: AU$0.31 (vs AU$0.23 in 1H 2022) First half 2023 results: EPS: AU$0.31 (up from AU$0.23 in 1H 2022). Revenue: AU$119.2m (up 24% from 1H 2022). Net income: AU$12.7m (up 34% from 1H 2022). Profit margin: 11% (in line with 1H 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Retail Distributors industry. Board Change • Feb 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 23
First half 2023 earnings released: EPS: AU$0.31 (vs AU$0.23 in 1H 2022) First half 2023 results: EPS: AU$0.31 (up from AU$0.23 in 1H 2022). Revenue: AU$119.2m (up 24% from 1H 2022). Net income: AU$12.7m (up 34% from 1H 2022). Profit margin: 11% (in line with 1H 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Retail Distributors industry. Board Change • Jan 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Company Secretary & Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: AU$0.49 (vs AU$0.34 in FY 2021) Full year 2022 results: EPS: AU$0.49 (up from AU$0.34 in FY 2021). Revenue: AU$198.5m (up 22% from FY 2021). Net income: AU$20.0m (up 45% from FY 2021). Profit margin: 10% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Global Retail Distributors industry. Board Change • Sep 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Company Secretary & Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 16
Upcoming dividend of AU$0.12 per share Eligible shareholders must have bought the stock before 23 March 2022. Payment date: 07 April 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Australian dividend payers (5.9%). In line with average of industry peers (2.2%). Board Change • Mar 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Company Secretary & Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 37% share price gain to AU$10.85, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 20x in the Retail Distributors industry in Australia. Board Change • Dec 22
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. No independent directors (4 non-independent directors). Company Secretary & Non-Executive Director Peter Gill was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 11
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. 1 experienced director. 3 highly experienced directors. Non-Executive Chairman Greg Forsyth was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.