Steamships Trading
Market Cap
AU$410.9m
Last Updated
2019/12/10 10:34 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 Analysis
Excellent balance sheet with proven track record.
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: SST has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.9%
SST
-0.2%
AU Industrials
-1.8%
AU Market
1 Year Return
n/a
SST
6.5%
AU Industrials
20.0%
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 | 1.9% | -0.2% | -1.8% |
| 30 Day | 1.9% | -2.3% | -0.3% |
| 90 Day | -14.5% | 4.9% | 1.1% |
| 1 Year | n/a | 9.7%6.5% | 25.9%20.0% |
| 3 Year | -34.9%-39.8% | -5.5%-14.8% | 36.0%17.4% |
| 5 Year | -51.6%-57.9% | 14.8%-5.2% | 62.5%25.9% |
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
4 days ago | Simply Wall St
Despite Its High P/E Ratio, Is Steamships Trading Company Limited (ASX:SST) Still Undervalued?1 month ago | Simply Wall St
Investors In Steamships Trading Company Limited (ASX:SST) Should Consider This, First3 months ago | Simply Wall St
Steamships Trading (ASX:SST) Seems To Use Debt Quite SensiblyValuation
Is Steamships Trading undervalued compared to its fair value and its price relative to the market?
69.85x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SST (A$13.25) is trading above our estimate of fair value (A$11.48)
Significantly Below Fair Value: 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 (69.9x) compared to the Industrials industry average (13.1x).
PE vs Market: SST is poor value based on its PE Ratio (69.9x) compared to the Australian market (18.4x).
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 overvalued based on its PB Ratio (1.1x) 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?
17.4%
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
- Check out Steamships Trading's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Steamships Trading competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Steamships Trading performed over the past 5 years?
-33.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SST has high quality earnings.
Growing Profit Margin: SST's current net profit margins (2.4%) are higher than last year (1.6%).
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 -0.4%.
Return on Equity
High ROE: SST's Return on Equity (1.3%) is considered low.
Return on Assets
Return on Capital Employed
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 (PGK287.2M) exceed its long term liabilities (PGK246.8M).
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?
5.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SST's dividend (5.35%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: SST's dividend (5.35%) is low compared to the top 25% of dividend payers in the Australian market (5.57%).
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 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?
4.9yrs
Average board tenure
CEO
Michael Scantlebury 0
1.3yrs
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
4.9yrs
Average Tenure
63.5yo
Average Age
Experienced Board: SST's board of directors are considered experienced (4.9 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Rupert Bray
COO & Director
- Tenure: 1.3yrs
Michael Scantlebury
MD, CEO
- Tenure: 1.3yrs
Mary Ann Hill
Group Legal Counsel
- Tenure: 0yrs
Board Members
Michael Bromley
Non Executive Director
- Tenure: 19.9yrs
- Compensation: K223.00k
Gerea Aopi (65yo)
Non Executive Director
- Tenure: 22.9yrs
- Compensation: K124.00k
David Cox
Non Executive Director
- Tenure: 16.9yrs
- Compensation: K223.00k
Winnie Kamit (66yo)
Non Executive Director
- Tenure: 14.3yrs
- Compensation: K135.00k
Geoffrey Leslie Cundle (62yo)
Chairman of the Board
- Tenure: 4.8yrs
- Compensation: K223.00k
Rupert Bray
COO & Director
- Tenure: 1.3yrs
Graham Dunlop
Non-Executive Director
- Tenure: 4.9yrs
- Compensation: K247.00k
Louise Bromley
Director
- Tenure: 0.3yrs
James Woodrow (52yo)
Non Executive Director
- Tenure: 4.3yrs
- Compensation: K124.00k
Michael Scantlebury
MD, CEO
- Tenure: 1.3yrs
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$410.859m
- 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 |
| SST | CHIA (Chi-X Australia) | 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 | 2019/12/10 10:34 |
| End of Day Share Price | 2019/12/06 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.