ASX:SIV

Stock Analysis Report

Executive Summary

Silver Chef Limited engages in the rental and financing of commercial equipment in Australia, New Zealand, and Canada.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Silver Chef's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.2%

SIV

0.2%

AU Trade Distributors

1.3%

AU Market


1 Year Return

-64.3%

SIV

-12.5%

AU Trade Distributors

9.9%

AU Market

Return vs Industry: SIV underperformed the Australian Trade Distributors industry which returned -12.5% over the past year.

Return vs Market: SIV underperformed the Australian Market which returned 9.9% over the past year.


Share holder returns

SIVIndustryMarket
7 Day5.2%0.2%1.3%
30 Day4.4%-4.3%-0.7%
90 Day0%-3.0%-0.4%
1 Year-64.3%-64.3%-10.4%-12.5%16.3%9.9%
3 Year-93.3%-93.8%57.5%42.4%35.8%17.6%
5 Year-86.3%-88.5%108.0%75.7%51.9%17.8%

Price Volatility Vs. Market

How volatile is Silver Chef's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Silver Chef undervalued based on future cash flows and its price relative to the stock market?

0.84x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate SIV's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SIV's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: SIV is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: SIV is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate SIV's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: SIV is good value based on its PB Ratio (0.8x) compared to the AU Trade Distributors industry average (1x).


Next Steps

Future Growth

How is Silver Chef expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

139.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SIV is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SIV is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SIV is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SIV's revenue is expected to decline over the next 3 years (-12.4% per year).

High Growth Revenue: SIV's revenue is forecast to decline over the next 3 years (-12.4%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: SIV's Return on Equity is forecast to be low in 3 years time (4%).


Next Steps

Past Performance

How has Silver Chef performed over the past 5 years?

-62.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SIV is unprofitable, and losses have increased over the past 5 years at a rate of -62.4% per year.

Accelerating Growth: Unable to compare SIV's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SIV is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (-42.9%).


Return on Equity

High ROE: SIV has a negative Return on Equity (-196%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SIV is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SIV is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Silver Chef's financial position?


Financial Position Analysis

Short Term Liabilities: SIV's short term assets (A$103.9M) do not cover its short term liabilities (A$339.4M)

Long Term Liabilities: SIV's short term assets (103.9M) exceeds its long term liabilities (2.5M)


Debt to Equity History and Analysis

Debt Level: SIV's debt to equity ratio (892.3%) is considered high

Reducing Debt: SIV's debt to equity ratio has increased from 160.1% to 892.3% over the past 5 years.

Debt Coverage: SIV's debt is well covered by operating cash flow (58.7%).

Interest Coverage: SIV is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: SIV has a low level of unsold assets or inventory.

Debt Coverage by Assets: SIV's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is Silver Chef's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.6%industryaverage4.3%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate SIV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SIV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SIV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SIV is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIV's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Silver Chef's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Damien Guivarra (45yo)

2.9yrs

Tenure

AU$572,698

Compensation

Mr. Damien Guivarra has been Chief Executive Officer of Silver Chef Limited since November 3, 2016. Mr. Guivarra served as the Chief Operating Officer at Silver Chef Limited from October 1, 2015 to Novembe ...


CEO Compensation Analysis

Compensation vs. Market: Damien's total compensation ($USD389.94K) is above average for companies of similar size in the Australian market ($USD257.37K).

Compensation vs Earnings: Damien's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: SIV's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

9.3yrs

Average Tenure

63yo

Average Age

Experienced Board: SIV's board of directors are considered experienced (9.3 years average tenure).


Insider Trading

Insider Buying: SIV insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyAU$29,55307 Oct 19
Huntington Group Pty Limited, Asset Management Arm
EntityCompany
Shares42,219
Max PriceAU$0.70
SellAU$159,01107 Oct 19
Andrew Peter Kemp
EntityIndividual
Role
Member of the Board of Directors
Non Executive Director
Shares227,159
Max PriceAU$0.70
BuyAU$129,45807 Oct 19
Andrew Peter Kemp
EntityIndividual
Role
Member of the Board of Directors
Non Executive Director
Shares184,940
Max PriceAU$0.70
BuyAU$246,99327 Aug 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares343,872
Max PriceAU$0.73
BuyAU$323,58019 Aug 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares445,462
Max PriceAU$0.73
BuyAU$335,85713 Aug 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares457,853
Max PriceAU$0.76
BuyAU$284,36508 Aug 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares395,363
Max PriceAU$0.72
BuyAU$288,24206 Aug 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares399,582
Max PriceAU$0.73
BuyAU$310,83801 Aug 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares433,990
Max PriceAU$0.72
BuyAU$363,07929 Jul 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares513,473
Max PriceAU$0.71
BuyAU$631,14122 Jul 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares895,528
Max PriceAU$0.71
BuyAU$189,89618 Jul 19
Blue Stamp Company Pty Ltd
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Shares399,830
Max PriceAU$0.71
BuyAU$445,12517 Jul 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares638,560
Max PriceAU$0.71
BuyAU$317,59712 Jul 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares463,440
Max PriceAU$0.69
BuyAU$1,408,01611 Jul 19
Blue Stamp Company Pty Ltd
EntityCompany
Shares2,052,530
Max PriceAU$0.91
BuyAU$35,11201 Nov 18
Andrew Peter Kemp
EntityIndividual
Role
Member of the Board of Directors
Non Executive Director
Shares21,000
Max PriceAU$1.67
BuyAU$34,84231 Oct 18
Andrew Peter Kemp
EntityIndividual
Role
Member of the Board of Directors
Non Executive Director
Shares20,000
Max PriceAU$1.74

Ownership Breakdown


Management Team

  • Graeme Fallet

    CFO & Company Secretary

    • Tenure: 1.3yrs
    • Compensation: AU$456.84k
  • Damien Guivarra (45yo)

    Chief Executive Officer

    • Tenure: 2.9yrs
    • Compensation: AU$572.70k
  • Peta Karunaratne

    Head of People

    • Tenure: 1.8yrs

Board Members

  • Andrew Peter Kemp (68yo)

    Non Executive Director

    • Tenure: 14.7yrs
    • Compensation: AU$46.04k
  • Bede King (63yo)

    Non Executive Director

    • Tenure: 14.6yrs
    • Compensation: AU$46.04k
  • Allan English (64yo)

    Founder & Non-Executive Chairman

    • Tenure: 9.3yrs
    • Compensation: AU$94.33k
  • Sophie Mitchell (52yo)

    Non-Executive Director

    • Tenure: 8.1yrs
    • Compensation: AU$47.42k
  • Patrick Tapper (57yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: AU$47.42k

Company Information

Silver Chef Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Silver Chef Limited
  • Ticker: SIV
  • Exchange: ASX
  • Founded: 1986
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: AU$27.880m
  • Shares outstanding: 39.27m
  • Website: https://www.silverchefgroup.com.au

Number of Employees


Location

  • Silver Chef Limited
  • Park Tower
  • 20 Pidgeon Close
  • West End
  • Queensland
  • 4101
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIVASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2005
SIVCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2005
SIVCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 2005

Biography

Silver Chef Limited engages in the rental and financing of commercial equipment in Australia, New Zealand, and Canada. It offers equipment rental and financing solutions to small and medium sized businesse ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 10:32
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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