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SST

Steamships TradingASX:SST Stock Report

Last Price

AU$10.01

Market Cap

AU$310.4m

7D

-0.1%

1Y

5.4%

Updated

17 Jan, 2022

Data

Company Financials
SST fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

SST Stock Overview

Steamships Trading Company Limited engages in the shipping, transport, property, and hotel businesses in Papua New Guinea.

Price History & Performance

Summary of all time highs, changes and price drops for Steamships Trading
Historical stock prices
Current Share PriceAU$10.01
52 Week HighAU$10.10
52 Week LowAU$8.80
Beta0.10
1 Month Change0.10%
3 Month Change11.22%
1 Year Change5.37%
3 Year Changen/a
5 Year Change-52.33%
Change since IPO525.63%

Recent News & Updates

Dec 16
Do Steamships Trading's (ASX:SST) Earnings Warrant Your Attention?

Do Steamships Trading's (ASX:SST) Earnings Warrant Your Attention?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

SSTAU IndustrialsAU Market
7D-0.1%-0.2%-0.5%
1Y5.4%12.8%10.4%

Return vs Industry: SST underperformed the Australian Industrials industry which returned 12.8% over the past year.

Return vs Market: SST underperformed the Australian Market which returned 10.4% over the past year.

Price Volatility

Is SST's price volatile compared to industry and market?
SST volatility
SST Average Weekly Movementn/a
Industrials Industry Average Movement4.5%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: Insufficient data to determine SST's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SST's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
19182,412Rupert Peter Brayhttps://www.steamships.com.pg

Steamships Trading Company Limited engages in the shipping, transport, property, and hotel businesses in Papua New Guinea. It operates through three segments: Hotels and Property, Logistics, and Commercial and Investment. It offers scheduled services to manufacturers, wholesalers, and liner carriers; depot services comprising equipment hire, warehousing, and bonded or unbonded yard storage; short and long term vessel charters specialized in shallow water river shipping; and intermodal logistics solutions linked to land based services, such as road transport, cargo handling, storage, agency, customs clearance, lay down areas, and warehousing.

Steamships Trading Fundamentals Summary

How do Steamships Trading's earnings and revenue compare to its market cap?
SST fundamental statistics
Market CapK791.74m
Earnings (TTM)K95.86m
Revenue (TTM)K569.53m

8.3x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SST income statement (TTM)
RevenueK569.53m
Cost of RevenueK110.78m
Gross ProfitK458.75m
ExpensesK362.89m
EarningsK95.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.09
Gross Margin80.55%
Net Profit Margin16.83%
Debt/Equity Ratio29.5%

How did SST perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

37%

Payout Ratio

Valuation

Is Steamships Trading 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: SST (A$10.01) is trading below our estimate of fair value (A$41.68)

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


Price To Earnings Ratio

PE vs Industry: SST is good value based on its PE Ratio (8.3x) compared to the Global Industrials industry average (13x).

PE vs Market: SST is good value based on its PE Ratio (8.3x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

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 good value based on its PB Ratio (0.8x) compared to the XX Industrials industry average (1.2x).


Future Growth

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

17.9%

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 Steamships Trading 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.


Past Performance

How has Steamships Trading performed over the past 5 years?

-0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SST has high quality earnings.

Growing Profit Margin: SST's current net profit margins (16.8%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: SST's earnings have declined by 0.6% per year over the past 5 years.

Accelerating Growth: SST's earnings growth over the past year (73.8%) exceeds its 5-year average (-0.6% per year).

Earnings vs Industry: SST earnings growth over the past year (73.8%) exceeded the Industrials industry 42.1%.


Return on Equity

High ROE: SST's Return on Equity (9.9%) is considered low.


Financial Health

How is Steamships Trading's financial position?


Financial Position Analysis

Short Term Liabilities: SST's short term assets (PGK290.6M) exceed its short term liabilities (PGK258.3M).

Long Term Liabilities: SST's short term assets (PGK290.6M) exceed its long term liabilities (PGK279.7M).


Debt to Equity History and Analysis

Debt Level: SST's net debt to equity ratio (20.9%) is considered satisfactory.

Reducing Debt: SST's debt to equity ratio has reduced from 70.3% to 29.5% over the past 5 years.

Debt Coverage: SST's debt is well covered by operating cash flow (61.7%).

Interest Coverage: SST's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet


Dividend

What is Steamships Trading current dividend yield, its reliability and sustainability?

2.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SST's dividend (2.74%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: SST's dividend (2.74%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: SST's dividend payments have been volatile in the past 10 years.

Growing Dividend: SST's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.2%), SST's dividend payments are 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

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

1.3yrs

Average management tenure


CEO

Rupert Peter Bray

1.33yrs

Tenure

Mr. Rupert Peter Napier Bray serves as Managing Director of Steamships Trading Company Limited since September 21, 2020 and its Director since August 27, 2018. Mr. Bray served as Chief Operating Officer at...


Leadership Team

Experienced Management: SST's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: SST's board of directors are considered experienced (6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Steamships Trading Company Limited's 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
  • Implied Market Cap: AU$310.392m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 07:03
End of Day Share Price2022/01/11 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.