Steamships Trading
Market Cap
AU$480.6m
Last Updated
2019/10/17 10:33 UTC
Data Sources
Company Financials
Executive Summary
Steamships Trading Company Limited engages in the shipping, transport, property, manufacturing, and hotel businesses in Papua New Guinea.
Snowflake
Fundamentals
Excellent balance sheet with moderate growth potential.
Share Price & News
How has Steamships Trading's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
SST
3.7%
AU Industrials
1.7%
AU Market
1 Year Return
n/a
SST
-6.0%
AU Industrials
10.3%
AU Market
Return vs Industry: Insufficient data to determine how SST performed against the Australian Industrials industry.
Return vs Market: Insufficient data to determine how SST performed against the Australian Market.
Shareholder returns
| SST | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.7% | 1.7% |
| 30 Day | 0% | -0.8% | -0.4% |
| 90 Day | n/a | -4.6% | -0.1% |
| 1 Year | n/a | -2.7%-6.0% | 16.7%10.3% |
| 3 Year | -25.5%-31.1% | -7.3%-16.5% | 36.7%18.4% |
| 5 Year | -46.7%-53.7% | 7.7%-11.6% | 50.9%16.9% |
Price Volatility Vs. Market
How volatile is Steamships Trading's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Steamships Trading (ASX:SST) Seems To Use Debt Quite Sensibly2 months ago | Simply Wall St
Some Steamships Trading (ASX:SST) Shareholders Have Copped A Big 55% Share Price Drop4 months ago | Simply Wall St
Should You Be Worried About Steamships Trading Company Limited's (ASX:SST) 1.5% Return On Equity?Valuation
Is Steamships Trading undervalued compared to its fair value and its price relative to the market?
80.6x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: SST (A$15.5) is trading above our estimate of fair value (A$9.85)
Significantly Undervalued: SST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SST is poor value based on its PE Ratio (80.6x) compared to the Industrials industry average (12.8x).
PE vs Market: SST is poor value based on its PE Ratio (80.6x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate SST's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SST is overvalued based on its PB Ratio (1.3x) compared to the XX Industrials industry average (0.8x).
Next Steps
Future Growth
How is Steamships Trading forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
22.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SST's forecast earnings growth (22.7% per year) is above the savings rate (2.3%).
Earnings vs Market: SST's earnings (22.7% per year) are forecast to grow faster than the Australian market (10.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if SST's revenue is forecast to grow faster than the Australian market.
High Growth Revenue: Insufficient data to determine if SST's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if SST's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Steamships Trading performed over the past 5 years?
-33.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SST's earnings have declined by -33.9% per year over the past 5 years.
Accelerating Growth: SST's earnings growth over the past year (55.3%) exceeds its 5-year average (-33.9% per year).
Earnings vs Industry: SST earnings growth over the past year (55.3%) exceeded the Industrials industry 4.7%.
Return on Equity
High ROE: SST's Return on Equity (1.3%) is considered low.
Return on Assets
ROA vs Industry: SST's Return on Assets is below or equal to the Industrials industry average last year.
Return on Capital Employed
ROCE Improving: SST's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Steamships Trading's financial position?
Financial Position Analysis
Short Term Liabilities: SST's short term assets (PGK287.2M) do not cover its short term liabilities (PGK315.4M)
Long Term Liabilities: SST's short term assets (287.2M) exceeds its long term liabilities (246.8M)
Debt to Equity History and Analysis
Debt Level: SST's debt to equity ratio (39.8%) is considered satisfactory
Reducing Debt: SST's debt to equity ratio has reduced from 91.1% to 39.8% over the past 5 years.
Debt Coverage: SST's debt is well covered by operating cash flow (24.3%).
Interest Coverage: SST's interest payments on its debt are well covered by EBIT (10x coverage).
Balance Sheet
Inventory Level: SST has a high level of physical assets or inventory.
Debt Coverage by Assets: SST's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Steamships Trading's current dividend yield, its reliability and sustainability?
4.64%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SST's dividend (4.64%) is higher than the bottom 25% of dividend payers in the Australian market (2.45%).
High Dividend: SST's dividend (4.64%) is low compared to the top 25% of dividend payers in the Australian market (5.56%).
Stable Dividend: SST's dividend payments have been volatile in the past 10 years.
Growing Dividend: SST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (328.4%), SST's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Steamships Trading's salary, the management and board of directors tenure and is there insider trading?
4.7yrs
Average board tenure
CEO
Michael Scantlebury 0
1.2yrs
Tenure
Mr. Michael R. Scantlebury has been Finance Director, Executive Director and Company Secretary of Steamships Trading Company Limited since June 24, 2016. Mr. Scantlebury is a Chartered Accountant (ICAS). H ...
Board Age and Tenure
4.7yrs
Average Tenure
63.5yo
Average Age
Experienced Board: SST's board of directors are considered experienced (4.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Rupert Bray
COO & Director
- Tenure: 1.2yrs
Michael Scantlebury
MD, CEO
- Tenure: 1.2yrs
Mary Ann Hill
Group Legal Counsel
- Tenure: 0yrs
Board Members
Michael Bromley
Non Executive Director
- Tenure: 19.8yrs
- Compensation: K223.00k
Gerea Aopi (65yo)
Non Executive Director
- Tenure: 22.8yrs
- Compensation: K124.00k
David Cox
Non Executive Director
- Tenure: 16.8yrs
- Compensation: K223.00k
Winnie Kamit (66yo)
Non Executive Director
- Tenure: 14.2yrs
- Compensation: K135.00k
Geoffrey Leslie Cundle (62yo)
Chairman of the Board
- Tenure: 4.7yrs
- Compensation: K223.00k
Rupert Bray
COO & Director
- Tenure: 1.2yrs
Graham Dunlop
Non-Executive Director
- Tenure: 4.8yrs
- Compensation: K247.00k
Louise Bromley
Director
- Tenure: 0.2yrs
James Woodrow (52yo)
Non Executive Director
- Tenure: 4.1yrs
- Compensation: K124.00k
Michael Scantlebury
MD, CEO
- Tenure: 1.2yrs
Company Information
Steamships Trading Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Steamships Trading Company Limited
- Ticker: SST
- Exchange: ASX
- Founded: 1918
- Industry: Industrial Conglomerates
- Sector: Capital Goods
- Market Cap: AU$480.628m
- Shares outstanding: 31.01m
- Website: https://www.steamships.com.pg
Number of Employees
Location
- Steamships Trading Company Limited
- Harbourside West
- Level 5
- Port Moresby
- 121
- Papua New Guinea
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SST | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
Biography
Steamships Trading Company Limited engages in the shipping, transport, property, manufacturing, and hotel businesses in Papua New Guinea. It operates through three segments: Hotels and Property, Logistics, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 10:33 |
| End of Day Share Price | 2019/09/03 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.