AIM:SRT

Stock Analysis Report

SRT Marine Systems

Executive Summary

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, derivative products, and system solutions in North America, the United Kingdom, the Middle East, Europe, and internationally.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Share Price & News

How has SRT Marine Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

SRT

2.0%

GB Communications

-0.4%

GB Market


1 Year Return

35.4%

SRT

38.4%

GB Communications

2.9%

GB Market

Return vs Industry: SRT underperformed the UK Communications industry which returned 38.4% over the past year.

Return vs Market: SRT exceeded the UK Market which returned 2.9% over the past year.


Shareholder returns

SRTIndustryMarket
7 Day-3.5%2.0%-0.4%
30 Day-0.6%-0.4%-1.4%
90 Day28.5%15.3%-2.1%
1 Year35.4%35.4%40.9%38.4%8.0%2.9%
3 Year4.8%4.8%59.6%50.2%18.0%3.6%
5 Year72.5%72.5%97.7%78.8%35.8%6.4%

Price Volatility Vs. Market

How volatile is SRT Marine Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SRT Marine Systems undervalued compared to its fair value and its price relative to the market?

11.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SRT (£0.44) is trading below our estimate of fair value (£0.5)

Significantly Below Fair Value: SRT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SRT is poor value based on its PE Ratio (18.1x) compared to the Communications industry average (16x).

PE vs Market: SRT is poor value based on its PE Ratio (18.1x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SRT is overvalued based on its PB Ratio (3.4x) compared to the GB Communications industry average (1.6x).


Next Steps

Future Growth

How is SRT Marine Systems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-0.8%

Forecasted Tech industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SRT's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if SRT's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if SRT's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if SRT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SRT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has SRT Marine Systems performed over the past 5 years?

-12.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SRT has become profitable over the past 5 years, growing earnings by -12.8% per year.

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

Earnings vs Industry: SRT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (31.9%).


Return on Equity

High ROE: SRT's Return on Equity (17.2%) is considered low.


Return on Assets

ROA vs Industry: SRT has a higher Return on Assets than the Communications industry average last year.


Return on Capital Employed

ROCE Improving: SRT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is SRT Marine Systems's financial position?


Financial Position Analysis

Short Term Liabilities: SRT's short term assets (£24.2M) exceeds its short term liabilities (£6.3M)

Long Term Liabilities: SRT's short term assets (24.2M) exceeds its long term liabilities (5.0M)


Debt to Equity History and Analysis

Debt Level: SRT's debt to equity ratio (25.1%) is considered satisfactory

Reducing Debt: SRT's debt to equity ratio has increased from 9.1% to 25.1% over the past 5 years.

Debt Coverage: SRT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SRT's interest payments on its debt are well covered by EBIT (12.6x coverage).


Balance Sheet

Inventory Level: SRT has a low level of unsold assets or inventory.

Debt Coverage by Assets: SRT's debt is covered by short term assets (assets are 4.847450x debt).


Next Steps

Dividend

What is SRT Marine Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if SRT'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 SRT's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of SRT Marine Systems's salary, the management and board of directors tenure and is there insider trading?

11.2yrs

Average board tenure


CEO

Simon Tucker 0

11.8yrs

Tenure

UK£248,400

Compensation

Mr. Simon Richard Tucker has been the Chief Executive Officer of Software SRT Marine Systems plc since 2008 and served as its Business Development Director. Mr. Tucker is responsible for Business Developme ...


CEO Compensation Analysis

Compensation vs. Market: Simon's total compensation ($USD322.40K) is about average for companies of similar size in the UK market ($USD320.52K).

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


Board Age and Tenure

11.2yrs

Average Tenure

59yo

Average Age

Experienced Board: SRT's board of directors are seasoned and experienced ( 11.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Simon Tucker

    CEO & Executive Director

    • Tenure: 11.8yrs
    • Compensation: UK£248.40k
  • Neil Peniket (45yo)

    COO & Executive Director

    • Tenure: 12.3yrs
    • Compensation: UK£161.00k
  • Richard Hurd

    CFO, Secretary & Executive Director

    • Tenure: 10yrs
    • Compensation: UK£126.00k
  • Louise Coates

    Marketing Manager

    • Tenure: 0yrs

Board Members

  • Simon Barrell (60yo)

    Non-Executive Director

    • Tenure: 0.3yrs
  • Simon Tucker

    CEO & Executive Director

    • Tenure: 11.8yrs
    • Compensation: UK£248.40k
  • Simon Rogers

    Non Executive Director

    • Tenure: 14.1yrs
    • Compensation: UK£20.00k
  • Neil Peniket (45yo)

    COO & Executive Director

    • Tenure: 12.3yrs
    • Compensation: UK£161.00k
  • Richard Hurd

    CFO, Secretary & Executive Director

    • Tenure: 10yrs
    • Compensation: UK£126.00k
  • Kevin Finn (59yo)

    Non-Executive Chairman

    • Tenure: 2.2yrs
    • Compensation: UK£50.00k

Company Information

SRT Marine Systems plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SRT Marine Systems plc
  • Ticker: SRT
  • Exchange: AIM
  • Founded: 1987
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: UK£67.503m
  • Shares outstanding: 154.82m
  • Website: https://www.srt-marine.com

Number of Employees


Location

  • SRT Marine Systems plc
  • Wireless House
  • Westfield Industrial Estate
  • Bath
  • Somerset
  • BA3 4BS
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2005

Biography

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, derivative products, and system solutions i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:49
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.