SGF

SG Fleet GroupASX:SGF Stock Report

Market Cap

AU$984.9m

7D

3.3%

1Y

69.7%

Updated

20 Sep, 2021

Data

Company Financials +
SGF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends3/6

SGF Overview

SG Fleet Group Limited provides motor vehicle fleet management, vehicle leasing, short-term hire, consumer vehicle finance, and salary packaging services in Australia, New Zealand, and the United Kingdom.

Share Price & News

How has SG Fleet Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SGF is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SGF's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.3%

SGF

-4.2%

AU Commercial Services

-0.1%

AU Market


1 Year Return

69.7%

SGF

17.8%

AU Commercial Services

28.8%

AU Market

Return vs Industry: SGF exceeded the Australian Commercial Services industry which returned 17.8% over the past year.

Return vs Market: SGF exceeded the Australian Market which returned 28.8% over the past year.


Shareholder returns

SGFIndustryMarket
7 Day3.3%-4.2%-0.1%
30 Day-5.7%-4.3%0.09%
90 Day-4.4%1.6%1.8%
1 Year81.2%69.7%21.2%17.8%34.0%28.8%
3 Year-8.2%-26.7%10.3%2.0%35.7%19.5%
5 Year-9.5%-35.5%27.9%7.4%62.9%31.2%

Long-Term Price Volatility Vs. Market

How volatile is SG Fleet Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

SG Fleet Group Fundamentals Summary

How do SG Fleet Group's earnings and revenue compare to its market cap?
SGF fundamental statistics
Market CapAU$984.92m
Earnings (TTM)AU$43.71m
Revenue (TTM)AU$482.08m

21.9x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGF income statement (TTM)
RevenueAU$482.08m
Cost of RevenueAU$267.62m
Gross ProfitAU$214.47m
ExpensesAU$170.76m
EarningsAU$43.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 16, 2022

Earnings per share (EPS)0.16
Gross Margin44.49%
Net Profit Margin9.07%
Debt/Equity Ratio51.0%

How did SGF perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

78%

Payout Ratio

Valuation

Is SG Fleet Group 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: SGF (A$2.8) is trading below our estimate of fair value (A$7.53)

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


Price To Earnings Ratio

PE vs Industry: SGF is poor value based on its PE Ratio (21.9x) compared to the Australian Commercial Services industry average (18.4x).

PE vs Market: SGF is poor value based on its PE Ratio (21.9x) compared to the Australian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: SGF is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SGF's PB Ratio (2.5x) is in line with the AU Commercial Services industry average.


Future Growth

How is SG Fleet Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGF's forecast earnings growth (18% per year) is above the savings rate (1.9%).

Earnings vs Market: SGF's earnings (18% per year) are forecast to grow faster than the Australian market (12% per year).

High Growth Earnings: SGF's earnings are forecast to grow, but not significantly.

Revenue vs Market: SGF's revenue (10% per year) is forecast to grow faster than the Australian market (5.9% per year).

High Growth Revenue: SGF's revenue (10% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SGF's Return on Equity is forecast to be low in 3 years time (19.6%).


Past Performance

How has SG Fleet Group performed over the past 5 years?

-6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SGF has high quality earnings.

Growing Profit Margin: SGF's current net profit margins (9.1%) are higher than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: SGF's earnings have declined by 6.6% per year over the past 5 years.

Accelerating Growth: SGF's earnings growth over the past year (20.1%) exceeds its 5-year average (-6.6% per year).

Earnings vs Industry: SGF earnings growth over the past year (20.1%) exceeded the Commercial Services industry 15.3%.


Return on Equity

High ROE: SGF's Return on Equity (11.6%) is considered low.


Financial Health

How is SG Fleet Group's financial position?


Financial Position Analysis

Short Term Liabilities: SGF's short term assets (A$326.3M) exceed its short term liabilities (A$190.7M).

Long Term Liabilities: SGF's short term assets (A$326.3M) exceed its long term liabilities (A$264.4M).


Debt to Equity History and Analysis

Debt Level: SGF's debt to equity ratio (51%) is considered high.

Reducing Debt: SGF's debt to equity ratio has reduced from 75.2% to 51% over the past 5 years.

Debt Coverage: SGF's debt is well covered by operating cash flow (59.9%).

Interest Coverage: SGF's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Dividend

What is SG Fleet Group current dividend yield, its reliability and sustainability?

4.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SGF's dividend (4.49%) is higher than the bottom 25% of dividend payers in the Australian market (2.3%).

High Dividend: SGF's dividend (4.49%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: SGF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SGF's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (77.6%), SGF's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SGF's dividends in 3 years are forecast to be covered by earnings (61.7% payout ratio).


Next Steps

Management

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

12.6yrs

Average management tenure


CEO

Robbie Blau (52 yo)

15.17yrs

Tenure

AU$2,489,754

Compensation

Mr. Robert Pinkas Blau, also known as Robbie, B.Com., L.L.B. (cum laude), HDip Tax Law, serves as Non-Executive Director of Carly Holdings Limited (formerly known as Collaborate Corporation Limited) since...


CEO Compensation Analysis

Compensation vs Market: Robbie's total compensation ($USD1.81M) is above average for companies of similar size in the Australian market ($USD926.38K).

Compensation vs Earnings: Robbie's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SGF's management team is seasoned and experienced (12.6 years average tenure).


Board Members

Experienced Board: SGF's board of directors are considered experienced (7.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.4%.


Top Shareholders

Company Information

SG Fleet Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SG Fleet Group Limited
  • Ticker: SGF
  • Exchange: ASX
  • Founded: 1986
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: AU$984.917m
  • Shares outstanding: 341.98m
  • Website: https://www.sgfleet.com

Number of Employees


Location

  • SG Fleet Group Limited
  • Building 3
  • Level 2
  • Pymble
  • New South Wales
  • 2073
  • Australia

Listings


Biography

SG Fleet Group Limited provides motor vehicle fleet management, vehicle leasing, short-term hire, consumer vehicle finance, and salary packaging services in Australia, New Zealand, and the United Kingdom....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 08:06
End of Day Share Price2021/09/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.