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Updated 2h ago
SSM logo

Service Stream LimitedASX:SSM Stock Report

Market Cap AU$1.5b
Updated 2h ago
Share Price
n/a
1Y1.7%
7D-3.3%
1D-0.4%
Portfolio Value
​
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Service Stream Limited

ASX:SSM Stock Report

Market Cap: AU$1.5b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Service Stream (SSM) Stock Overview

Provides design, construction, operations, and maintenance services for infrastructure networks in Australia. More details

SSM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends4/6

Rewards

Trading at 35% below our estimate of its fair value

Earnings are forecast to grow 14.7% per year

Analysts in good agreement that stock price will rise by 20.8%

Risk Analysis

Unstable dividend track record


SSM Community Fair Values

Create Narrative

See what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
17.2% undervalued intrinsic discount
AnalystConsensusTarget
•25d ago

Record Contract Wins Will Secure Future Infrastructure And Utility Excellence

228
0
14

Top Analyst Narratives

SSM logo
Service Stream
17.2% undervalued intrinsic discount

Record Contract Wins Will Secure Future Infrastructure And Utility Excellence

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 20 Aug
Read Narrative
View all narratives

Service Stream Limited Competitors

MAAS Group Holdings

Symbol: ASX:MGH
Market cap: AU$2.0b

Southern Cross Electrical Engineering

Symbol: ASX:SXE
Market cap: AU$1.2b

Lycopodium

Symbol: ASX:LYL
Market cap: AU$890.8m

Civmec

Symbol: ASX:CVL
Market cap: AU$879.1m

Price History & Performance

Summary of share price highs, lows and changes for Service Stream
Historical stock prices
Current Share PriceAU$2.38
52 Week HighAU$2.72
52 Week LowAU$1.78
Beta0.67
1 Month Change-4.42%
3 Month Change-6.67%
1 Year Change1.71%
3 Year Change165.92%
5 Year Change201.27%
Change since IPO98.05%

Recent News & Updates

User avatar
Narrative Update • Aug 20

SSM: Fair Outlook Will Rely On Disciplined M&A And Cash Deployment

Analysts have revised their price target for Service Stream to A$2.88 from A$2.58 to reflect updated assessments of fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Service Stream is seeking acquisitions and investments, supported by what management describes as an enhanced net cash balance sheet that provides more options for capital allocation.

Recent updates

User avatar
Narrative Update • Aug 20

SSM: Fair Outlook Will Rely On Disciplined M&A And Cash Deployment

Analysts have revised their price target for Service Stream to A$2.88 from A$2.58 to reflect updated assessments of fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Service Stream is seeking acquisitions and investments, supported by what management describes as an enhanced net cash balance sheet that provides more options for capital allocation.
User avatar
Narrative Update • Sep 19

Record Contract Wins Will Secure Future Infrastructure And Utility Excellence

The consensus analyst price target for Service Stream has been raised from A$2.33 to A$2.58, primarily driven by a notable increase in revenue growth forecasts from 5.6% to 8.2% per annum. What's in the News Service Stream is reportedly among the bidders for UGL’s $1 billion transport division, a deal that could significantly expand Service Stream’s scale and service capabilities.
User avatar
Narrative Update • Sep 04

Record Contract Wins Will Secure Future Infrastructure And Utility Excellence

With both the discount rate and future P/E multiple essentially unchanged, analyst sentiment and valuation for Service Stream remain stable, as reflected in the consensus price target holding steady at A$2.33. What's in the News Service Stream is reportedly a key bidder to acquire UGL's $1 billion transport division, potentially transforming its service portfolio and market position.
Analysis Article • Aug 22

Service Stream's (ASX:SSM) Upcoming Dividend Will Be Larger Than Last Year's

Service Stream Limited ( ASX:SSM ) has announced that it will be increasing its dividend from last year's comparable...
Analysis Article • Feb 25

Service Stream's (ASX:SSM) Dividend Will Be A$0.025

Service Stream Limited ( ASX:SSM ) has announced that it will pay a dividend of A$0.025 per share on the 4th of April...
User avatar
New Narrative • Feb 09

Acquisition Of Lendlease Will Expand Addressable Markets

Strategic repositioning in Utilities and strong Telco agreements enhance future growth, boosting earnings and revenue stability.
Analysis Article • Dec 10

Service Stream Limited's (ASX:SSM) Price Is Out Of Tune With Revenues

There wouldn't be many who think Service Stream Limited's ( ASX:SSM ) price-to-sales (or "P/S") ratio of 0.4x is worth...
Analysis Article • Mar 02

Service Stream Limited's (ASX:SSM) 28% Jump Shows Its Popularity With Investors

Service Stream Limited ( ASX:SSM ) shareholders have had their patience rewarded with a 28% share price jump in the...
Analysis Article • Aug 24

Estimating The Intrinsic Value Of Service Stream Limited (ASX:SSM)

Today we will run through one way of estimating the intrinsic value of Service Stream Limited ( ASX:SSM ) by projecting...
Analysis Article • Feb 25

We Think Service Stream (ASX:SSM) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Oct 13

Service Stream Limited's (ASX:SSM) CEO Might Not Expect Shareholders To Be So Generous This Year

The results at Service Stream Limited ( ASX:SSM ) have been quite disappointing recently and CEO Leigh MacKender bears...

Shareholder Returns

SSMAU ConstructionAU Market
7D-3.3%-2.4%-3.0%
1Y1.7%21.3%-2.6%

Return vs Industry: SSM underperformed the Australian Construction industry which returned 21.3% over the past year.

Return vs Market: SSM exceeded the Australian Market which returned -2.6% over the past year.

Price Volatility

Is SSM's price volatile compared to industry and market?
SSM volatility
SSM Average Weekly Movement3.3%
Construction Industry Average Movement5.6%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market3.9%

Stable Share Price: SSM has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: SSM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19966,500Leigh MacKenderwww.servicestream.com.au

Service Stream Limited provides design, construction, operations, and maintenance services for infrastructure networks in Australia. The company operates through Telecommunications, Utilities, and Assets and Facilities Management segments. The Telecommunications segment offers operations, maintenance, installation, design, and construction services to the owners of fixed-line and wireless telecommunication networks, as well as customer connections, service and network assurance, site acquisition, engineering, design, construction and installation of broadband, wireless and fixed-line project services, and asset remediation, augmentation and relocation of projects.

Service Stream Limited Fundamentals Summary

How do Service Stream's earnings and revenue compare to its market cap?
SSM fundamental statistics
Market capAU$1.46b
Earnings (TTM)AU$56.94m
Revenue (TTM)AU$2.35b
25.6x
P/E Ratio
0.6x
P/S Ratio

Is SSM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SSM income statement (TTM)
RevenueAU$2.35b
Cost of RevenueAU$1.41b
Gross ProfitAU$944.13m
Other ExpensesAU$887.20m
EarningsAU$56.94m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.093
Gross Margin40.11%
Net Profit Margin2.42%
Debt/Equity Ratio0%

How did SSM perform over the long term?

See historical performance and comparison

Dividends

2.9%
Current Dividend Yield
70%
Payout Ratio

Does SSM pay a reliable dividends?

See SSM dividend history and benchmarks
When do you need to buy SSM by to receive an upcoming dividend?
Service Stream dividend dates
Ex Dividend DateSep 16 2026
Dividend Pay DateOct 02 2026
Days until Ex dividend0 days
Days until Dividend pay date16 days

Does SSM pay a reliable dividends?

See SSM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 17:33
End of Day Share Price 2026/09/15 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Service Stream Limited is covered by 14 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Megan Kirby-LewisBarrenjoey Markets Pty Limited
Warren JeffriesCanaccord Genuity
Citi ResearchCitigroup Inc

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