ASX:SST

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

How has Steamships Trading's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

0%

SST

1.8%

AU Industrials

2.3%

AU Market


1 Year Return

n/a

SST

-2.6%

AU Industrials

-0.3%

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

SSTIndustryMarket
7 Day0%1.8%2.3%
30 Day1.6%11.0%7.2%
90 Dayn/a11.0%8.7%
1 Yearn/a1.6%-2.6%3.1%-0.3%
3 Year-43.4%-47.7%-5.1%-15.7%24.2%8.8%
5 Year-41.8%-48.8%3.6%-13.0%55.4%24.4%

Long-Term 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

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$9.65) is trading below our estimate of fair value (A$72.41)

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 (13.9x) compared to the XX Industrials industry average (14.6x).

PE vs Market: SST is good value based on its PE Ratio (13.9x) compared to the Australian market (22.5x).


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's PB Ratio (0.9x) is in line with the XX Industrials industry average.


Next Steps

Future Growth

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

16.7%

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.


Next Steps

Past Performance

How has Steamships Trading performed over the past 5 years?

-28.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SST has high quality earnings.

Growing Profit Margin: SST's current net profit margins (9.8%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: SST's earnings have declined by 28.1% per year over the past 5 years.

Accelerating Growth: SST's earnings growth over the past year (297.1%) exceeds its 5-year average (-28.1% per year).

Earnings vs Industry: SST earnings growth over the past year (297.1%) exceeded the Industrials industry -10.6%.


Return on Equity

High ROE: SST's Return on Equity (6.2%) is considered low.


Next Steps

Financial Health

How is Steamships Trading's financial position?


Financial Position Analysis

Short Term Liabilities: SST's short term assets (PGK278.1M) do not cover its short term liabilities (PGK351.1M).

Long Term Liabilities: SST's short term assets (PGK278.1M) exceed its long term liabilities (PGK216.6M).


Debt to Equity History and Analysis

Debt Level: SST's debt to equity ratio (35.5%) is considered satisfactory.

Reducing Debt: SST's debt to equity ratio has reduced from 78.8% to 35.5% over the past 5 years.

Debt Coverage: SST's debt is well covered by operating cash flow (47.1%).

Interest Coverage: SST's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SST'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 SST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SST is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SST'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?

5.8yrs

Average board tenure


CEO

Rupert Peter Bray

0.17

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...


Board Members

NamePositionTenureCompensationOwnership
Rupert Peter Bray
MD & Director0.17yrno datano data
Michael Scantlebury
Finance Director4.42yrsno datano data
Michael Bromley
Non Executive Director20.83yrsK218.00k19.99%
PGK 59.8m
Gerea Aopi
Independent Non Executive Director23.83yrsK121.00kno data
David Cox
Non Executive Director17.83yrsK218.00kno data
Winifred Kamit
Non Executive Director15.25yrsK170.00kno data
Merlin Bingham Swire
Alternate Director10yrsno datano data
Geoffrey Leslie Cundle
Chairman of the Board5.75yrsK218.00kno data
Graham Dunlop
Non-Executive Director5.83yrsK243.00kno data
Louise Bromley
Director1.25yrsK61.00kno data
James Woodrow
Non Executive Director5.17yrsK121.00kno data
John Rae-Smith
Director1.25yrsK61.00kno data

5.8yrs

Average Tenure

63yo

Average Age

Experienced Board: SST's board of directors are considered experienced (5.8 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 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$299.229m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSTASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
SSTCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 10:48
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.