ASX:SIV

Stock Analysis Report

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Executive Summary

SIV Capital Limited engages in the rental and financing of commercial equipment in Australia, New Zealand, and Canada. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has SIV Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.9%

SIV

-5.1%

AU Trade Distributors

-3.9%

AU Market


1 Year Return

-51.8%

SIV

13.6%

AU Trade Distributors

-9.6%

AU Market

Return vs Industry: SIV underperformed the Australian Trade Distributors industry which returned 13.6% over the past year.

Return vs Market: SIV underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

SIVIndustryMarket
7 Day-2.9%-5.1%-3.9%
30 Day3.1%6.4%1.8%
90 Day-7.0%24.1%1.7%
1 Year-9.9%-51.8%16.9%13.6%-6.4%-9.6%
3 Year-91.4%-95.5%46.5%31.2%12.3%-1.9%
5 Year-92.4%-96.5%176.0%130.9%40.0%11.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SIV Capital undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIV (A$0.33) is trading below our estimate of fair value (A$2.79)

Significantly Below Fair Value: SIV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SIV is good value based on its PE Ratio (8x) compared to the AU Trade Distributors industry average (34.3x).

PE vs Market: SIV is good value based on its PE Ratio (8x) compared to the Australian market (20.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SIV's PB Ratio (1.5x) is in line with the AU Trade Distributors industry average.


Next Steps

Future Growth

How is SIV Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SIV Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SIV Capital performed over the past 5 years?

-60.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIV has a large one-off loss of A$694.0K impacting its June 30 2020 financial results.

Growing Profit Margin: SIV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SIV has become profitable over the past 5 years, growing earnings by -60.9% per year.

Accelerating Growth: SIV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SIV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Trade Distributors industry (-38.9%).


Return on Equity

High ROE: SIV's Return on Equity (18.9%) is considered low.


Next Steps

Financial Health

How is SIV Capital's financial position?


Financial Position Analysis

Short Term Liabilities: SIV's short term assets (A$16.3M) exceed its short term liabilities (A$8.9M).

Long Term Liabilities: SIV's short term assets (A$16.3M) exceed its long term liabilities (A$3.0K).


Debt to Equity History and Analysis

Debt Level: SIV is debt free.

Reducing Debt: SIV has no debt compared to 5 years ago when its debt to equity ratio was 168.4%.

Debt Coverage: SIV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SIV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is SIV Capital current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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 the Australian market.


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

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Damien Guivarra (46 yo)

3.83yrs

Tenure

AU$288,708

Compensation

Mr. Damien Guivarra has been Chief Executive Officer of SIV Capital Limited (formerly known as Silver Chef Limited) since November 3, 2016. Mr. Guivarra served as the Chief Operating Officer at SIV Capital ...


CEO Compensation Analysis

Compensation vs Market: Damien's total compensation ($USD203.19K) is about average for companies of similar size in the Australian market ($USD274.23K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Damien Guivarra
Chief Executive Officer3.83yrsAU$288.71k0.085%
A$ 11.1k
Allan English
Founder & Director15.75yrsAU$40.58k22.96%
A$ 3.0m
Graeme Fallet
Chief Financial Officer2.25yrsAU$239.03kno data
Michael Cronan
General Manager – GoGetta0.42yrAU$225.05k0.00054%
A$ 70.0
Peta Karunaratne
Head of People2.75yrsno datano data
Donald Mackenzie
Company Secretary0.83yrAU$30.82kno data

2.3yrs

Average Tenure

65yo

Average Age

Experienced Management: SIV's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Allan English
Founder & Director15.75yrsAU$40.58k22.96%
A$ 3.0m
Andrew Peter Kemp
Independent Non-Executive Chairman0.83yrAU$25.21k2.14%
A$ 277.8k
Bede King
Independent Non Executive Director15.58yrsAU$25.21k0.33%
A$ 43.3k

15.6yrs

Average Tenure

65yo

Average Age

Experienced Board: SIV's board of directors are seasoned and experienced ( 15.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SIV Capital Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SIV Capital Limited
  • Ticker: SIV
  • Exchange: ASX
  • Founded: 1990
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: AU$12.958m
  • Shares outstanding: 39.27m
  • Website: https://www.sivcapital.com.au

Number of Employees


Location

  • SIV Capital Limited
  • 13 Kurilpa Street
  • West End
  • Queensland
  • 4101
  • Australia

Listings

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

Biography

SIV Capital Limited engages in the rental and financing of commercial equipment in Australia, New Zealand, and Canada. It is also involved in finance leasing activities. The company was formerly known as S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:39
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.