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SWK

Swick Mining ServicesASX:SWK Stock Report

Market Cap

AU$107.1m

7D

2.7%

1Y

94.9%

Updated

09 Dec, 2021

Data

Company Financials
SWK fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

SWK Stock Overview

Swick Mining Services Limited, together with its subsidiaries, provides mineral drilling services to the mining industry in Australia, North America, Europe, Africa, and the Asia Pacific regions.

Swick Mining Services Competitors

Imdex

ASX:IMD

AU$1.1b

Boart Longyear Group

ASX:BLY

AU$887.8m

Perenti Global

ASX:PRN

AU$589.3m

Macmahon Holdings

ASX:MAH

AU$378.0m

Price History & Performance

Summary of all time highs, changes and price drops for Swick Mining Services
Historical stock prices
Current Share PriceAU$0.38
52 Week HighAU$0.41
52 Week LowAU$0.13
Beta0.95
1 Month Change10.15%
3 Month Change55.10%
1 Year Change94.87%
3 Year Change68.89%
5 Year Change49.02%
Change since IPO22.58%

Recent News & Updates

Oct 29
Swick Mining Services Limited's (ASX:SWK) CEO Compensation Is Looking A Bit Stretched At The Moment

Swick Mining Services Limited's (ASX:SWK) CEO Compensation Is Looking A Bit Stretched At The Moment

Swick Mining Services Limited ( ASX:SWK ) has exhibited strong share price growth in the past few years. However, its...

Jun 21
Swick Mining Services (ASX:SWK) Is Carrying A Fair Bit Of Debt

Swick Mining Services (ASX:SWK) Is Carrying A Fair Bit Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 02
Is Swick Mining Services (ASX:SWK) A Risky Investment?

Is Swick Mining Services (ASX:SWK) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

SWKAU Metals and MiningAU Market
7D2.7%2.1%2.1%
1Y94.9%4.0%10.7%

Return vs Industry: SWK exceeded the Australian Metals and Mining industry which returned 4% over the past year.

Return vs Market: SWK exceeded the Australian Market which returned 10.7% over the past year.

Price Volatility

Is SWK's price volatile compared to industry and market?
SWK volatility
SWK Average Weekly Movement8.2%
Metals and Mining Industry Average Movement10.5%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.6%
10% least volatile stocks in AU Market3.7%

Stable Share Price: SWK is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SWK's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aKent Swickhttps://swickmining.com

Swick Mining Services Limited, together with its subsidiaries, provides mineral drilling services to the mining industry in Australia, North America, Europe, Africa, and the Asia Pacific regions. The company offers services primarily in the areas of underground diamond drilling and grouting services; and sells drilling equipment, rigs, and parts. It also provides research and development activities in mineral analysis technologies.

Swick Mining Services Fundamentals Summary

How do Swick Mining Services's earnings and revenue compare to its market cap?
SWK fundamental statistics
Market CapAU$107.06m
Earnings (TTM)AU$4.08m
Revenue (TTM)AU$150.11m

26.3x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SWK income statement (TTM)
RevenueAU$150.11m
Cost of RevenueAU$116.07m
Gross ProfitAU$34.03m
ExpensesAU$29.95m
EarningsAU$4.08m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.014
Gross Margin22.67%
Net Profit Margin2.72%
Debt/Equity Ratio16.7%

How did SWK perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

104%

Payout Ratio

Valuation

Is Swick Mining Services undervalued compared to its fair value and its price relative to the market?

26.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SWK (A$0.38) is trading above our estimate of fair value (A$0.23)

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


Price To Earnings Ratio

PE vs Industry: SWK is poor value based on its PE Ratio (26.3x) compared to the Australian Metals and Mining industry average (14.5x).

PE vs Market: SWK is poor value based on its PE Ratio (26.3x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SWK is good value based on its PB Ratio (1.2x) compared to the AU Metals and Mining industry average (2.4x).


Future Growth

How is Swick Mining Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.0%

Forecasted Materials 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 Swick Mining Services 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 Swick Mining Services performed over the past 5 years?

15.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SWK has high quality earnings.

Growing Profit Margin: SWK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SWK has become profitable over the past 5 years, growing earnings by 15.1% per year.

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

Earnings vs Industry: SWK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: SWK's Return on Equity (4.5%) is considered low.


Financial Health

How is Swick Mining Services's financial position?


Financial Position Analysis

Short Term Liabilities: SWK's short term assets (A$62.5M) exceed its short term liabilities (A$29.1M).

Long Term Liabilities: SWK's short term assets (A$62.5M) exceed its long term liabilities (A$28.1M).


Debt to Equity History and Analysis

Debt Level: SWK has more cash than its total debt.

Reducing Debt: SWK's debt to equity ratio has reduced from 22.4% to 16.7% over the past 5 years.

Debt Coverage: SWK's debt is well covered by operating cash flow (110.2%).

Interest Coverage: SWK's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


Dividend

What is Swick Mining Services's current dividend yield, its reliability and sustainability?

5.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SWK's dividend (5.26%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).

High Dividend: SWK's dividend (5.26%) is low compared to the top 25% of dividend payers in the Australian market (5.59%).


Stability and Growth of Payments

Stable Dividend: SWK's dividend payments have been volatile in the past 10 years.

Growing Dividend: SWK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (103.9%), SWK's dividend payments are not well 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?

6.7yrs

Average management tenure


CEO

Kent Swick (52 yo)

no data

Tenure

AU$802,213

Compensation

Mr. Kent Jason Swick B.Eng. (Mech.), serves as Managing Director of Swick Mining Services Limited and served as its Chief Executive Officer. He serves as a Director at Orexplore Technologies Limited. Mr. S...


CEO Compensation Analysis

Compensation vs Market: Kent's total compensation ($USD575.10K) is above average for companies of similar size in the Australian market ($USD290.27K).

Compensation vs Earnings: Kent's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SWK's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: SWK's board of directors are seasoned and experienced ( 11.3 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

Swick Mining Services Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Swick Mining Services Limited
  • Ticker: SWK
  • Exchange: ASX
  • Founded: 1997
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$107.061m
  • Shares outstanding: 281.74m
  • Website: https://swickmining.com

Number of Employees


Location

  • Swick Mining Services Limited
  • 64 Great Eastern Highway
  • South Guildford
  • Western Australia
  • 6055
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/09 07:03
End of Day Share Price2021/12/09 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.