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SHM

Shriro Holdings ASX:SHM Stock Report

Last Price

AU$0.80

Market Cap

AU$76.4m

7D

0%

1Y

-15.0%

Updated

08 Aug, 2022

Data

Company Financials
SHM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

SHM Stock Overview

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

Shriro Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shriro Holdings
Historical stock prices
Current Share PriceAU$0.80
52 Week HighAU$1.25
52 Week LowAU$0.71
Beta0.84
1 Month Change-0.63%
3 Month Change-16.32%
1 Year Change-14.97%
3 Year Change25.20%
5 Year Change-31.47%
Change since IPO-26.39%

Recent News & Updates

Mar 03
The Returns On Capital At Shriro Holdings (ASX:SHM) Don't Inspire Confidence

The Returns On Capital At Shriro Holdings (ASX:SHM) Don't Inspire Confidence

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

SHMAU Consumer DurablesAU Market
7D0%5.1%1.0%
1Y-15.0%-34.0%-7.9%

Return vs Industry: SHM exceeded the Australian Consumer Durables industry which returned -34% over the past year.

Return vs Market: SHM underperformed the Australian Market which returned -7.9% over the past year.

Price Volatility

Is SHM's price volatile compared to industry and market?
SHM volatility
SHM Average Weekly Movement5.9%
Consumer Durables Industry Average Movement7.2%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.7%

Stable Share Price: SHM is less volatile than 75% 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
1982231Tim 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$76.44m
Earnings (TTM)AU$8.25m
Revenue (TTM)AU$171.92m

9.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SHM income statement (TTM)
RevenueAU$171.92m
Cost of RevenueAU$98.91m
Gross ProfitAU$73.01m
Other ExpensesAU$64.76m
EarningsAU$8.25m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.086
Gross Margin42.47%
Net Profit Margin4.80%
Debt/Equity Ratio0%

How did SHM perform over the long term?

See historical performance and comparison

Dividends

15.1%

Current Dividend Yield

208%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SHM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SHM?

Other financial metrics that can be useful for relative valuation.

SHM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA5.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SHM's PE Ratio compare to its peers?

SHM PE Ratio vs Peers
The above table shows the PE ratio for SHM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.2x
TWD Tamawood
14.4xn/aAU$81.7m
GAP Gale Pacific
13.2xn/aAU$80.2m
AMS Atomos
27.8x47.0%AU$77.8m
BRG Breville Group
29.6x11.7%AU$3.1b
SHM Shriro Holdings
9.3xn/aAU$76.4m

Price-To-Earnings vs Peers: SHM is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (21.2x).


Price to Earnings Ratio vs Industry

How does SHM's PE Ratio compare vs other companies in the Global Consumer Durables Industry?

Price-To-Earnings vs Industry: SHM is good value based on its Price-To-Earnings Ratio (9.3x) compared to the Global Consumer Durables industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is SHM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SHM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SHM's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SHM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SHM (A$0.8) is trading above our estimate of fair value (A$0.58)

Significantly Below Fair Value: SHM is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.9%

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.


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  • Examine Shriro Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Shriro Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Shriro Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SHM has high quality earnings.

Growing Profit Margin: SHM's current net profit margins (4.8%) are lower than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: SHM's earnings have declined by 5.4% per year over the past 5 years.

Accelerating Growth: SHM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SHM had negative earnings growth (-54.7%) over the past year, making it difficult to compare to the Consumer Durables industry average (-18.9%).


Return on Equity

High ROE: SHM's Return on Equity (11.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Shriro Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SHM's short term assets (A$91.2M) exceed its short term liabilities (A$30.7M).

Long Term Liabilities: SHM's short term assets (A$91.2M) exceed its long term liabilities (A$9.5M).


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 10.4%.

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


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


15.09%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SHM's dividend (15.09%) is higher than the bottom 25% of dividend payers in the Australian market (2.62%).

High Dividend: SHM's dividend (15.09%) is in the top 25% of dividend payers in the Australian market (6.24%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (207.5%), SHM's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (198.7%), SHM's dividend payments are not well covered by cash flows.


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Management

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

1.0yrs

Average management tenure


CEO

Tim Hargreaves

4.58yrs

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: Insufficient data to establish whether Tim's total compensation is reasonable compared to companies of similar size in the Australian market.

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


Leadership Team

Experienced Management: SHM's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: SHM's board of directors are not considered experienced ( 1.3 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
  • Implied Market Cap: AU$76.445m
  • Shares outstanding: 96.16m
  • 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 Analysis2022/08/08 00:00
End of Day Share Price2022/08/08 00:00
Earnings2021/12/31
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.