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SEC

Spheria Emerging CompaniesASX:SEC Stock Report

Market Cap

AU$155.2m

7D

-1.6%

1Y

49.4%

Updated

26 Oct, 2021

Data

Company Financials
SEC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

SEC Overview

Spheria Emerging Companies Limited operates as an investment company in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Spheria Emerging Companies
Historical stock prices
Current Share PriceAU$2.51
52 Week HighAU$1.63
52 Week LowAU$2.63
Beta0.78
1 Month Change0.80%
3 Month Change8.19%
1 Year Change49.41%
3 Year Change45.09%
5 Year Changen/a
Change since IPO25.50%

Recent News & Updates

Mar 04
Only Four Days Left To Cash In On Spheria Emerging Companies' (ASX:SEC) Dividend

Only Four Days Left To Cash In On Spheria Emerging Companies' (ASX:SEC) Dividend

Spheria Emerging Companies Limited ( ASX:SEC ) is about to trade ex-dividend in the next 4 days. Ex-dividend means that...

Mar 01
Is Spheria Emerging Companies Limited (ASX:SEC) A Smart Choice For Dividend Investors?

Is Spheria Emerging Companies Limited (ASX:SEC) A Smart Choice For Dividend Investors?

Could Spheria Emerging Companies Limited ( ASX:SEC ) be an attractive dividend share to own for the long haul...

Shareholder Returns

SECAU Capital MarketsAU Market
7D-1.6%2.3%0.8%
1Y49.4%29.1%24.4%

Return vs Industry: SEC exceeded the Australian Capital Markets industry which returned 29.1% over the past year.

Return vs Market: SEC exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is SEC's price volatile compared to industry and market?
SEC volatility
SEC Beta0.78
Industry Beta0.99
Market Beta1

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

Volatility Over Time: SEC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/an/ahttps://spheria.com.au/funds/spheria-emerging-companies-limited-asx-sec/

Spheria Emerging Companies Limited operates as an investment company in Australia. It provides investors with access to a managed portfolio of Australian small-cap securities. The company was incorporated in 2017 and is based in Sydney, Australia.

Spheria Emerging Companies Fundamentals Summary

How do Spheria Emerging Companies's earnings and revenue compare to its market cap?
SEC fundamental statistics
Market CapAU$155.19m
Earnings (TTM)AU$40.19m
Revenue (TTM)AU$61.60m

3.8x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEC income statement (TTM)
RevenueAU$61.60m
Cost of RevenueAU$0
Gross ProfitAU$61.60m
ExpensesAU$21.42m
EarningsAU$40.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.67
Gross Margin100.00%
Net Profit Margin65.23%
Debt/Equity Ratio0.0%

How did SEC perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is Spheria Emerging Companies undervalued compared to its fair value and its price relative to the market?

3.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SEC (A$2.51) is trading above our estimate of fair value (A$2.26)

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


Price To Earnings Ratio

PE vs Industry: SEC is good value based on its PE Ratio (3.8x) compared to the Australian Capital Markets industry average (16.7x).

PE vs Market: SEC is good value based on its PE Ratio (3.8x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SEC is good value based on its PB Ratio (1x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is Spheria Emerging Companies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

Forecasted Diversified Financials 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 Spheria Emerging Companies 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 Spheria Emerging Companies performed over the past 5 years?

9.6%

Historical Diversified Financials annual earnings growth


Earnings and Revenue History

Quality Earnings: SEC has high quality earnings.

Growing Profit Margin: SEC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if SEC's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: SEC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SEC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (12.8%).


Return on Equity

High ROE: SEC's Return on Equity (26.7%) is considered high.


Financial Health

How is Spheria Emerging Companies's financial position?


Financial Position Analysis

Short Term Liabilities: SEC's short term assets (A$158.5M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: SEC's short term assets (A$158.5M) exceed its long term liabilities (A$6.3M).


Debt to Equity History and Analysis

Debt Level: SEC is debt free.

Reducing Debt: SEC has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Spheria Emerging Companies's current dividend yield, its reliability and sustainability?

3.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SEC's dividend (3.98%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: SEC's dividend (3.98%) is low compared to the top 25% of dividend payers in the Australian market (5.32%).


Stability and Growth of Payments

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

Growing Dividend: SEC's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.9%), SEC's dividend payments are thoroughly 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?

4.1yrs

Average board tenure


CEO

Spheria Emerging Companies has no CEO, or we have no data on them.


Board Members

Experienced Board: SEC's board of directors are considered experienced (4.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Spheria Emerging Companies Limited's employee growth, exchange listings and data sources


Key Information


Location

  • Spheria Emerging Companies Limited
  • 60 Margaret Street
  • Level 35
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:02
End of Day Share Price2021/10/26 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.