Service Stream Future Growth

Future criteria checks 3/6

Service Stream is forecast to grow earnings and revenue by 16.3% and 9.4% per annum respectively. EPS is expected to grow by 16.1% per annum. Return on equity is forecast to be 15.9% in 3 years.

Key information

16.3%

Earnings growth rate

16.14%

EPS growth rate

Construction earnings growth	17.3%
Revenue growth rate	9.4%
Future return on equity	15.95%
Analyst coverage	Good
Last updated	26 May 2026

Recent future growth updates

Recent updates

Narrative Update • Sep 19

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...

Analysis Article • May 12

Service Stream Limited (ASX:SSM) Shares Could Be 49% Below Their Intrinsic Value Estimate

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Service Stream Limited...

Analysis Article • Mar 16

Does Service Stream (ASX:SSM) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Earnings and Revenue Growth Forecasts

ASX:SSM - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2028	2,911	83	112	141	8
6/30/2027	2,799	69	93	120	8
6/30/2026	2,467	57	65	97	8
12/31/2025	2,250	53	96	115	N/A
9/30/2025	2,289	56	109	125	N/A
6/30/2025	2,329	59	122	135	N/A
3/31/2025	2,354	56	116	128	N/A
12/31/2024	2,380	53	109	121	N/A
9/30/2024	2,336	42	98	109	N/A
6/30/2024	2,292	32	87	97	N/A
3/31/2024	2,261	28	111	121	N/A
12/31/2023	2,230	24	136	144	N/A
9/30/2023	2,141	14	111	120	N/A
6/30/2023	2,052	4	87	95	N/A
3/31/2023	1,980	-22	34	42	N/A
12/31/2022	1,909	-48	-18	-11	N/A
9/30/2022	1,711	-42	17	24	N/A
6/30/2022	1,514	-36	53	59	N/A
3/31/2022	1,234	-9	75	81	N/A
12/31/2021	954	18	98	104	N/A
9/30/2021	879	24	67	75	N/A
6/30/2021	803	29	36	46	N/A
3/31/2021	821	34	47	57	N/A
12/31/2020	840	38	58	68	N/A
9/30/2020	884	44	54	63	N/A
6/30/2020	928	49	50	58	N/A
3/31/2020	964	51	47	55	N/A
12/31/2019	1,001	53	44	52	N/A
9/30/2019	926	51	N/A	56	N/A
6/30/2019	851	50	N/A	60	N/A
3/31/2019	767	48	N/A	57	N/A
12/31/2018	683	45	N/A	55	N/A
9/30/2018	657	43	N/A	67	N/A
6/30/2018	630	41	N/A	80	N/A
3/31/2018	592	38	N/A	78	N/A
12/31/2017	555	35	N/A	76	N/A
9/30/2017	528	32	N/A	63	N/A
6/30/2017	502	28	N/A	51	N/A
3/31/2017	482	26	N/A	50	N/A
12/31/2016	462	24	N/A	49	N/A
9/30/2016	450	22	N/A	56	N/A
6/30/2016	438	20	N/A	62	N/A
3/31/2016	434	18	N/A	62	N/A
12/31/2015	430	16	N/A	63	N/A
9/30/2015	421	14	N/A	47	N/A
6/30/2015	411	12	N/A	32	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSM's forecast earnings growth (16.3% per year) is above the savings rate (3.6%).

Earnings vs Market: SSM's earnings (16.3% per year) are forecast to grow faster than the Australian market (12.1% per year).

High Growth Earnings: SSM's earnings are forecast to grow, but not significantly.

Revenue vs Market: SSM's revenue (9.4% per year) is forecast to grow faster than the Australian market (6.3% per year).

High Growth Revenue: SSM's revenue (9.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SSM's Return on Equity is forecast to be low in 3 years time (15.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/04 17:43
End of Day Share Price	2026/06/04 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 world class team 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. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Megan Kirby-Lewis	Barrenjoey Markets Pty Limited
Warren Jeffries	Canaccord Genuity
Citi Research	Citigroup Inc

Service Stream Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 7.2% to AU$2.50

Consensus EPS estimates increase by 19%, revenue downgraded

Price target increased by 17% to AU$1.93

Price target increased by 13% to AU$1.61

Price target increased by 9.2% to AU$1.42

Price target increased by 8.9% to AU$1.37

Recent updates

Service Stream Pursues Energy Growth With Up to A$8 Million RIE Group Acquisition

Upcoming dividend of AU$0.03 per share

CEO, MD & Director recently bought AU$245k worth of stock

First half dividend increased to AU$0.03

First half 2026 earnings released: EPS: AU$0.042 (vs AU$0.054 in 1H 2025)

Service Stream Limited Announces Ordinary Fully Franked Dividend for the Six Months Ended December 31, 2025, Payable April 10, 2026

Service Stream Limited to Report Fiscal Year 2026 Results on Aug 19, 2026

Non-Executive Chairman of the Board recently sold AU$571k worth of stock

Service Stream Limited, Annual General Meeting, Oct 22, 2025

Record Contract Wins Will Secure Future Infrastructure And Utility Excellence

CEO, MD & Director exercised options to buy AU$2.5m worth of stock.

Investor sentiment improves as stock rises 23%

Price target increased by 7.2% to AU$2.50

Upcoming dividend of AU$0.03 per share

Record Contract Wins Will Secure Future Infrastructure And Utility Excellence

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

Final dividend increased to AU$0.03

Service Stream Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2025, Payable on October 03, 2025

Service Stream Reportedly Weighs UHL's $1 Billion Transport Unit

Full year 2025 earnings: Revenues miss analyst expectations

Non-Executive Chairman of the Board recently sold AU$160k worth of stock

Upcoming dividend of AU$0.025 per share

Consensus EPS estimates increase by 19%, revenue downgraded

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

First half dividend increased to AU$0.025

Price target increased by 17% to AU$1.93

Acquisition Of Lendlease Will Expand Addressable Markets

Service Stream Limited to Report Fiscal Year 2025 Results on Aug 20, 2025

Service Stream Limited to Report First Half, 2025 Results on Feb 20, 2025

New minor risk - Insider selling

MD & Director recently sold AU$1.2m worth of stock

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

MD & Director exercised options to buy AU$1.2m worth of stock.

Upcoming dividend of AU$0.025 per share

Final dividend of AU$0.025 announced

Price target increased by 13% to AU$1.61

Full year 2024 earnings released

Service Stream Limited Declares Final Fully Franked Dividend, Payable on 4 October 2024

Price target increased by 9.2% to AU$1.42

Price target increased by 8.9% to AU$1.37

Service Stream Limited to Report Fiscal Year 2024 Results on Aug 21, 2024

Non-Executive Chairman of the Board recently sold AU$2.0m worth of stock

Upcoming dividend of AU$0.02 per share

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

Consensus EPS estimates increase by 34%

First half dividend of AU$0.02 announced

First half 2024 earnings released: EPS: AU$0.021 (vs AU$0.01 loss in 1H 2023)

Service Stream Limited Announces Resignation of Nick Miller as Non-Executive Director, Effective 16 January 2024

Service Stream Limited to Report First Half, 2024 Results on Feb 22, 2024

Service Stream Limited Appoints Nick Miller as Independent Non-Executive Director, Effective from 1 November 2023

MD & Director exercised options to buy AU$55k worth of stock.

Upcoming dividend of AU$0.01 per share at 2.2% yield

Service Stream Limited Announces Retirement of Peter Dempsey as Director

Price target increased by 8.0% to AU$1.04

New minor risk - Earnings quality

Service Stream Limited Declares Final Fully Franked Dividend, Payable on 5 October 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% undervalued

First half 2023 earnings released: AU$0.01 loss per share (vs AU$0.009 profit in 1H 2022)

Price target decreased by 11% to AU$0.85

Service Stream Limited Provides Interim Dividend Guidance for the Half Year

Service Stream Limited, Annual General Meeting, Oct 18, 2023

Price target decreased to AU$1.01

Service Stream Limited Appoints Sylvia Wiggins as an Independent Non-Executive Director, Effective 7 November 2022

MD & Director recently bought AU$98k worth of stock

Upcoming dividend of AU$0.01 per share

Service Stream Limited Announces Board Changes

Independent Non Executive Director recently bought AU$95k worth of stock

Now 22% undervalued after recent price drop