Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to AU$3.64, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Construction industry in Australia. Total returns to shareholders of 523% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$3.35 per share. Announcement • Sep 09
SRG Global Limited, Annual General Meeting, Oct 09, 2025 SRG Global Limited, Annual General Meeting, Oct 09, 2025. Location: river room, royal perth yacht club, australia ii drive, wa 6009, crawley Australia Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to AU$1.94, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Construction industry in Australia. Total returns to shareholders of 222% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.81 per share. Announcement • Aug 21
SRG Global Limited Announces Dividend for the Six Months Ended June 30, 2025, Payable on October 10, 2025 SRG Global Limited announced dividend of AUD 0.03000000 per share for the six months ended June 30, 2025. Dividend payable on October 10, 2025, with record date of September 29, 2025 and ex-date of September 26, 2025. Reported Earnings • Aug 19
Full year 2025 earnings released: EPS: AU$0.08 (vs AU$0.066 in FY 2024) Full year 2025 results: EPS: AU$0.08 (up from AU$0.066 in FY 2024). Revenue: AU$1.33b (up 24% from FY 2024). Net income: AU$47.5m (up 38% from FY 2024). Profit margin: 3.6% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 30
SRG Global Limited to Report Fiscal Year 2025 Results on Aug 19, 2025 SRG Global Limited announced that they will report fiscal year 2025 results on Aug 19, 2025 Announcement • Mar 24
SRG Global Limited(ASX:SRG) dropped from S&P/ASX Emerging Companies Index SRG Global Limited(ASX:SRG) dropped from S&P/ASX Emerging Companies Index Announcement • Feb 19
SRG Global Limited Upgrades Earnings Guidance for the Full Year 2025 SRG Global Limited upgraded earnings guidance for the full year 2025. For the year, the company EBIT(A) guidance upgraded to a range of $91million to $94 million. Announcement • Feb 18
SRG Global Limited Declares Fully Franked Interim Dividend for the First Half of 2025 , Payable on 11 April 2025 The Board of Directors of SRG Global Limited has declared an interim 1H fully franked dividend of 2.5 cents per share. The record date of the dividend is 14 March 2025 with a payment date of 11 April 2025. Announcement • Nov 28
SRG Global Limited Appoints Amber Banfield to the Role of Deputy Chair SRG Global Limited announced the appointment of Amber Banfield to the role of Deputy Chair of SRG Global, effective from 28 November 2024. Over the next 12 months, Peter McMorrow will transition out of the role of Chair of SRG Global, following which he will continue his contribution to the Board as a non-executive Director. During this period, Peter will transition Amber into the role of Chair of SRG Global, with the change of Chair to take effect from the next AGM. Announcement • Oct 02
SRG Global Limited, Annual General Meeting, Nov 28, 2024 SRG Global Limited, Annual General Meeting, Nov 28, 2024. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$1.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Construction industry in Australia. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$1.38 per share. New Risk • Aug 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: AU$0.066 (vs AU$0.048 in FY 2023) Full year 2024 results: EPS: AU$0.066 (up from AU$0.048 in FY 2023). Revenue: AU$1.07b (up 32% from FY 2023). Net income: AU$34.4m (up 53% from FY 2023). Profit margin: 3.2% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Announcement • Jul 23
SRG Global Limited to Report Fiscal Year 2024 Results on Aug 20, 2024 SRG Global Limited announced that they will report fiscal year 2024 results on Aug 20, 2024 Recent Insider Transactions • Apr 03
Non-Executive Director recently bought AU$70k worth of stock On the 28th of March, Kerry Wilson bought around 89k shares on-market at roughly AU$0.79 per share. This transaction increased Kerry's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$1.5m more in shares than they bought in the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 12 April 2024. Payout ratio and cash payout ratio are on the higher end at 80% and 91% respectively. Trailing yield: 5.2%. Lower than top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (3.4%). Declared Dividend • Feb 22
First half dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 14th March 2024 Payment date: 12th April 2024 Dividend yield will be 5.3%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.029 (vs AU$0.028 in 1H 2023) First half 2024 results: EPS: AU$0.029 (up from AU$0.028 in 1H 2023). Revenue: AU$512.6m (up 34% from 1H 2023). Net income: AU$15.3m (up 23% from 1H 2023). Profit margin: 3.0% (down from 3.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 06
Independent Director recently bought AU$53k worth of stock On the 1st of December, Amber Banfield bought around 82k shares on-market at roughly AU$0.65 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth AU$155k. Despite this recent purchase, insiders have collectively sold AU$1.6m more in shares than they bought in the last 12 months. Announcement • Nov 23
SRG Global Ltd. Announces Board Appointments SRG Global Ltd. announced the appointment of Kerry Wilson as a Non-Executive Director and the elevation of Roger Lee to the Board as Executive Director in conjunction with his current role as CFO. Kerry Wilson holds a degree in Psychology and brings significant experience to the Board in relation to human resources, safety and industrial relations both domestically and internationally. Kerry has held a number of global executive roles in his 30-year career in the Brambles Group and was most recently on the NSW Business Chamber as a State Councillor and Chair of the Work, Health and Safety Committee. He also was the principal owner of an industrial relations consultancy firm which has recently been sold. In addition to his appointment as a Non-Executive Director, Kerry will also become the Chair of the Remuneration and Nominations Committee of SRG Global. Roger Lee has played an instrumental role in the strategic transformation of the Company since 2014 and his elevation to the Board is recognition of his strong contribution to the Company and its future direction. He will continue in his current position as CFO and Joint Company Secretary. Recent Insider Transactions • Nov 03
Independent Non-Executive Chairman recently bought AU$155k worth of stock On the 1st of November, Peter McMorrow bought around 250k shares on-market at roughly AU$0.62 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Upcoming Dividend • Aug 30
Upcoming dividend of AU$0.02 per share at 5.6% yield Eligible shareholders must have bought the stock before 06 September 2023. Payment date: 07 October 2023. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Lower than top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (3.6%). Announcement • Aug 22
SRG Global Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 7, 2023 SRG Global Limited announced dividend of AUD 0.02000000 for the six months ended June 30, 2023. Dividend payable on October 7, 2023, record date of September 7, 2023 and ex-date of September 6, 2023. Reported Earnings • Aug 22
Full year 2023 earnings released: EPS: AU$0.048 (vs AU$0.045 in FY 2022) Full year 2023 results: EPS: AU$0.048 (up from AU$0.045 in FY 2022). Revenue: AU$811.8m (up 26% from FY 2022). Net income: AU$22.6m (up 12% from FY 2022). Profit margin: 2.8% (down from 3.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Aug 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (17% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1.8m sold). Recent Insider Transactions • May 24
MD & Director recently bought AU$1.8m worth of stock On the 22nd of May, David Macgeorge bought around 3m shares on-market at roughly AU$0.71 per share. This transaction amounted to 85% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Upcoming Dividend • Mar 08
Upcoming dividend of AU$0.02 per share at 5.4% yield Eligible shareholders must have bought the stock before 15 March 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (4.4%). Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.028 (vs AU$0.02 in 1H 2022) First half 2023 results: EPS: AU$0.028 (up from AU$0.02 in 1H 2022). Revenue: AU$382.2m (up 29% from 1H 2022). Net income: AU$12.4m (up 41% from 1H 2022). Profit margin: 3.3% (up from 3.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.015 per share Eligible shareholders must have bought the stock before 08 September 2022. Payment date: 13 September 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.045 (vs AU$0.027 in FY 2021) Full year 2022 results: EPS: AU$0.045 (up from AU$0.027 in FY 2021). Revenue: AU$646.3m (up 13% from FY 2021). Net income: AU$20.1m (up 67% from FY 2021). Profit margin: 3.1% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 27% growth forecast for the Construction industry in Australia. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 02
Upcoming dividend of AU$0.015 per share Eligible shareholders must have bought the stock before 09 March 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.02 (up from AU$0.008 in 1H 2021). Revenue: AU$297.3m (up 4.7% from 1H 2021). Net income: AU$8.83m (up 147% from 1H 2021). Profit margin: 3.0% (up from 1.3% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 13%, compared to a 35% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 07
Independent Non-Executive Chairman recently bought AU$77k worth of stock On the 30th of November, Peter McMorrow bought around 164k shares on-market at roughly AU$0.47 per share. This was the largest purchase by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Upcoming Dividend • Sep 01
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 08 September 2021. Payment date: 21 October 2021. Trailing yield: 3.6%. Lower than top quartile of Australian dividend payers (5.2%). Lower than average of industry peers (4.0%). Reported Earnings • Aug 25
Full year 2021 earnings released: EPS AU$0.027 (vs AU$0.067 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$570.7m (up 9.3% from FY 2020). Net income: AU$12.1m (up AU$41.7m from FY 2020). Profit margin: 2.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Upcoming Dividend • Mar 02
Upcoming Dividend of AU$0.01 Per Share Will be paid on the 28th of April to those who are registered shareholders by the 9th of March. The trailing yield of 4.1% is below the top quartile of Australian dividend payers (5.3%), and is lower than industry peers (4.9%). Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.008 (vs AU$0.008 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: AU$283.9m (up 5.7% from 1H 2020). Net income: AU$3.57m (up 1.0% from 1H 2020). Profit margin: 1.3% (in line with 1H 2020). Is New 90 Day High Low • Jan 27
New 90-day high: AU$0.50 The company is up 67% from its price of AU$0.30 on 30 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.76 per share. Is New 90 Day High Low • Jan 12
New 90-day high: AU$0.44 The company is up 38% from its price of AU$0.32 on 15 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.75 per share. Recent Insider Transactions • Dec 08
Independent Director recently bought AU$100k worth of stock On the 3rd of December, Peter Brecht bought around 250k shares on-market at roughly AU$0.40 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$479k more in shares than they have sold in the last 12 months. Is New 90 Day High Low • Nov 24
New 90-day high: AU$0.35 The company is up 17% from its price of AU$0.30 on 26 August 2020. The Australian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$0.46 per share. Announcement • Nov 18
SRG Global Ltd Announces Contract Variation with Transport for NSW as Part of New England Highway Upgrade Project At Bolivia Hill SRG Global Ltd. announced that it has been awarded a contract variation with Transport for NSW as part of the previously announced New England Highway upgrade project at Bolivia Hill. The project is expected to complete in August 2021. SRG Global has also secured an additional contract with Water Corporation to provide specialist design and construction of a 20ML water tank in Karratha, Western Australia. This project will commence immediately and is expected to finish towards the end of 2021. This further strengthens SRG relationship with Water Corporation being the third tank construction project the company have been awarded in the last two months. A further contract has been awarded to SRG Global by CPB Contractors to provide specialist dam remedial works at Paradise Dam for Sunwater. This continues SRG longstanding relationship with Sunwater, having recently successfully completed the Fairbairn Dam project. This is a return to Paradise Dam having previously been engaged on this dam in 2016. The project is expected to be completed by the end of the current financial year. Announcement • Oct 04
SRG Global Ltd Secures A Long-Term ~$100 Million Contract with South32 Worsley Alumina SRG Global Ltd. announced it has secured a long-term $100 million contract with South32 Worsley Alumina (`South32') to provide specialist Refractory Services, including gunning and casting and installation of refractory products and anchors. Works under the contract will commence in October 2020 with a duration of eight years. South32 has also extended SRG Global's existing engineered Access Services contract for a further two years. The contract extension is valued at $25 million and will see SRG Global continue to provide access services at South32's Worsley Alumina operations until mid-2027. Announcement • Aug 06
SRG Global Limited Provides Update in Relation to Its New Zealand Operations SRG Global Limited provided an update in relation to its New Zealand (`NZ') operations. SRG Global has resumed normal levels of operation, earlier than anticipated, due to higher levels of business confidence and market certainty. In addition, SRG Global has secured a number of new contracts. The total value of new works secured is NZD 50 million, which includes: A five-year term contract for the provision of access and industrial coating services for Methanex, the world's producer and supplier of methanol. A two-year contract for the maintenance of wind turbines for Meridian, a significant renewable energy generator in NZ. Additional contract works for building remediation services for Metlifecare, one of NZ's aged care facility operators. Specialist refractory services for OI Glass at Auckland's glass manufacturing facility. Announcement • Aug 03
SRG Global Limited to Report Fiscal Year 2020 Results on Aug 25, 2020 SRG Global Limited announced that they will report fiscal year 2020 results at 10:10 PM, GMT Standard Time on Aug 25, 2020