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SHM

Shriro HoldingsASX:SHM Stock Report

Market Cap

AU$101.7m

7D

3.4%

1Y

34.6%

Updated

16 Oct, 2021

Data

Company Financials
SHM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SHM Overview

Shriro Holdings Limited, together with its subsidiaries, manufactures and distributes kitchen appliances and consumer products in Australia and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Shriro Holdings
Historical stock prices
Current Share PriceAU$1.07
52 Week HighAU$0.75
52 Week LowAU$1.25
Beta0.89
1 Month Change-4.04%
3 Month Change-0.93%
1 Year Change34.59%
3 Year Change7.00%
5 Year Change-21.90%
Change since IPO-0.93%

Recent News & Updates

Sep 02
Shriro Holdings (ASX:SHM) Will Pay A Larger Dividend Than Last Year At AU$0.06

Shriro Holdings (ASX:SHM) Will Pay A Larger Dividend Than Last Year At AU$0.06

The board of Shriro Holdings Limited ( ASX:SHM ) has announced that it will be increasing its dividend by 100% on the...

Aug 09
Shriro Holdings (ASX:SHM) Knows How To Allocate Capital

Shriro Holdings (ASX:SHM) Knows How To Allocate Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

May 17
Shareholders May Be More Conservative With Shriro Holdings Limited's (ASX:SHM) CEO Compensation For Now

Shareholders May Be More Conservative With Shriro Holdings Limited's (ASX:SHM) CEO Compensation For Now

Performance at Shriro Holdings Limited ( ASX:SHM ) has been reasonably good and CEO Tim Hargreaves has done a decent...

Shareholder Returns

SHMAU Consumer DurablesAU Market
7D3.4%5.3%0.9%
1Y34.6%3.2%20.2%

Return vs Industry: SHM exceeded the Australian Consumer Durables industry which returned 3.2% over the past year.

Return vs Market: SHM exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is SHM's price volatile compared to industry and market?
SHM volatility
SHM Beta0.89
Industry Beta0.57
Market Beta1

Stable Share Price: SHM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SHM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982224Tim Hargreaveshttps://www.shriro.com.au

Shriro Holdings Limited, together with its subsidiaries, manufactures and distributes kitchen appliances and consumer products in Australia and New Zealand. It operates through Kitchen Appliances and Consumer Products segments. The Kitchen Appliances segment offers ovens, cooktops, rangehoods, dishwashers, sinks, taps, ironing systems, and laundry tubs, as well as waste disposal and ducting solutions.

Shriro Holdings Fundamentals Summary

How do Shriro Holdings's earnings and revenue compare to its market cap?
SHM fundamental statistics
Market CapAU$101.74m
Earnings (TTM)AU$13.54m
Revenue (TTM)AU$188.61m

7.5x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHM income statement (TTM)
RevenueAU$188.61m
Cost of RevenueAU$111.31m
Gross ProfitAU$77.30m
ExpensesAU$63.76m
EarningsAU$13.54m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin40.98%
Net Profit Margin7.18%
Debt/Equity Ratio0%

How did SHM perform over the long term?

See historical performance and comparison

Dividends

9.3%

Current Dividend Yield

84%

Payout Ratio

Valuation

Is Shriro Holdings undervalued compared to its fair value and its price relative to the market?

23.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SHM (A$1.07) is trading below our estimate of fair value (A$1.4)

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


Price To Earnings Ratio

PE vs Industry: SHM is good value based on its PE Ratio (7.5x) compared to the Australian Consumer Durables industry average (15.7x).

PE vs Market: SHM is good value based on its PE Ratio (7.5x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SHM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SHM is good value based on its PB Ratio (1.5x) compared to the AU Consumer Durables industry average (2.7x).


Future Growth

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

12.4%

Forecasted Consumer Durables 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 Shriro Holdings 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 Shriro Holdings performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SHM has high quality earnings.

Growing Profit Margin: SHM's current net profit margins (7.2%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: SHM's earnings have declined by 5.5% per year over the past 5 years.

Accelerating Growth: SHM's earnings growth over the past year (59.6%) exceeds its 5-year average (-5.5% per year).

Earnings vs Industry: SHM earnings growth over the past year (59.6%) exceeded the Consumer Durables industry 44.2%.


Return on Equity

High ROE: SHM's Return on Equity (20.5%) is considered high.


Financial Health

How is Shriro Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SHM's short term assets (A$87.5M) exceed its short term liabilities (A$31.0M).

Long Term Liabilities: SHM's short term assets (A$87.5M) exceed its long term liabilities (A$11.0M).


Debt to Equity History and Analysis

Debt Level: SHM is debt free.

Reducing Debt: SHM has no debt compared to 5 years ago when its debt to equity ratio was 24.9%.

Debt Coverage: SHM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SHM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Shriro Holdings's current dividend yield, its reliability and sustainability?

9.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SHM's dividend (9.35%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: SHM's dividend (9.35%) is in the top 25% of dividend payers in the Australian market (5.32%)


Stability and Growth of Payments

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

Growing Dividend: SHM's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.3%), SHM's payments are 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?

0.8yrs

Average management tenure


CEO

Tim Hargreaves

3.75yrs

Tenure

AU$1,218,229

Compensation

Mr. Tim John Hargreaves has been the Chief Executive Officer of Shriro Holdings Limited since January 1, 2018 and served as General Manager of Casio Australia June 2001. Mr. John has been Managing Director...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD904.20K) is above average for companies of similar size in the Australian market ($USD302.45K).

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


Leadership Team

Experienced Management: SHM's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: SHM's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shriro Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Shriro Holdings Limited
  • Ticker: SHM
  • Exchange: ASX
  • Founded: 1982
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: AU$101.744m
  • Shares outstanding: 95.09m
  • Website: https://www.shriro.com.au

Number of Employees


Location

  • Shriro Holdings Limited
  • 67 Albert Street
  • Level 7
  • Chatswood
  • New South Wales
  • 2067
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:04
End of Day Share Price2021/10/15 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.