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SMN

Structural Monitoring SystemsASX:SMN Stock Report

Market Cap

AU$104.8m

7D

-11.3%

1Y

107.2%

Updated

25 Oct, 2021

Data

Company Financials
SMN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

SMN Overview

Structural Monitoring Systems Plc, together with its subsidiaries, designs, develops, manufactures, and sells structural health monitoring systems for the aviation industry in Australasia, the Americas, Europe, Asia, the Middle East, and Africa.

Price History & Performance

Summary of all time highs, changes and price drops for Structural Monitoring Systems
Historical stock prices
Current Share PriceAU$0.86
52 Week HighAU$0.35
52 Week LowAU$1.05
Beta0.75
1 Month Change34.38%
3 Month Change86.96%
1 Year Change107.23%
3 Year Change-22.17%
5 Year Change-61.95%
Change since IPO-46.25%

Recent News & Updates

Jan 05
How Much Is Structural Monitoring Systems Plc (ASX:SMN) CEO Getting Paid?

How Much Is Structural Monitoring Systems Plc (ASX:SMN) CEO Getting Paid?

This article will reflect on the compensation paid to Toby Robert Chandler who has served as CEO of Structural...

Shareholder Returns

SMNAU ElectronicAU Market
7D-11.3%2.7%0.6%
1Y107.2%54.3%21.3%

Return vs Industry: SMN exceeded the Australian Electronic industry which returned 54.3% over the past year.

Return vs Market: SMN exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is SMN's price volatile compared to industry and market?
SMN volatility
SMN Beta0.75
Industry Beta0.97
Market Beta1

Stable Share Price: SMN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: SMN's weekly volatility has increased from 10% to 18% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003107Toby Robert Chandlerhttps://www.smsystems.com.au

Structural Monitoring Systems Plc, together with its subsidiaries, designs, develops, manufactures, and sells structural health monitoring systems for the aviation industry in Australasia, the Americas, Europe, Asia, the Middle East, and Africa. It offers Comparitive Vacuum Monitoring sensors that measure the differential pressure between alternating channels containing air at a partial vacuum pressure and channels containing air at atmospheric channels in a simple manifold. The company also manufactures avionics and audio systems.

Structural Monitoring Systems Fundamentals Summary

How do Structural Monitoring Systems's earnings and revenue compare to its market cap?
SMN fundamental statistics
Market CapAU$104.75m
Earnings (TTM)-AU$1.96m
Revenue (TTM)AU$15.34m

6.8x

P/S Ratio

-53.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMN income statement (TTM)
RevenueAU$15.34m
Cost of RevenueAU$8.26m
Gross ProfitAU$7.08m
ExpensesAU$9.04m
Earnings-AU$1.96m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.016
Gross Margin46.17%
Net Profit Margin-12.77%
Debt/Equity Ratio0%

How did SMN perform over the long term?

See historical performance and comparison

Valuation

Is Structural Monitoring Systems 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: SMN (A$0.86) is trading below our estimate of fair value (A$2.15)

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


Price To Earnings Ratio

PE vs Industry: SMN is unprofitable, so we can't compare its PE Ratio to the Australian Electronic industry average.

PE vs Market: SMN is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SMN is overvalued based on its PB Ratio (7.5x) compared to the AU Electronic industry average (4.4x).


Future Growth

How is Structural Monitoring Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.6%

Forecasted Tech 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 Structural Monitoring Systems 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 Structural Monitoring Systems performed over the past 5 years?

-1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMN is currently unprofitable.

Growing Profit Margin: SMN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMN is unprofitable, and losses have increased over the past 5 years at a rate of 1.2% per year.

Accelerating Growth: Unable to compare SMN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SMN is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (178.2%).


Return on Equity

High ROE: SMN has a negative Return on Equity (-13.98%), as it is currently unprofitable.


Financial Health

How is Structural Monitoring Systems's financial position?


Financial Position Analysis

Short Term Liabilities: SMN's short term assets (A$12.3M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: SMN's short term assets (A$12.3M) exceed its long term liabilities (A$609.0K).


Debt to Equity History and Analysis

Debt Level: SMN is debt free.

Reducing Debt: SMN had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable SMN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SMN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.2% per year.


Dividend

What is Structural Monitoring Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SMN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SMN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SMN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SMN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Toby Robert Chandler

4.75yrs

Tenure

AU$252,037

Compensation

Mr. Toby Robert Secretan Chandler has been Chief Executive Officer of Structural Monitoring Systems Plc since January 20, 2017 and served as its Executive Director since 2019. Mr. Chandler served as Managi...


CEO Compensation Analysis

Compensation vs Market: Toby Robert's total compensation ($USD188.93K) is below average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Toby Robert's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SMN's management team is considered experienced (3.5 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

Structural Monitoring Systems Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Structural Monitoring Systems Plc
  • Ticker: SMN
  • Exchange: ASX
  • Founded: 2003
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$104.751m
  • Shares outstanding: 121.80m
  • Website: https://www.smsystems.com.au

Number of Employees


Location

  • Structural Monitoring Systems Plc
  • 1 Kyle Way
  • Suite 116
  • Claremont
  • Western Australia
  • 6010
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:46
End of Day Share Price2021/10/25 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.