AIM:SRT

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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. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

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

Stable Share Price: SRT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.0%

SRT

4.8%

GB Communications

1.2%

GB Market


1 Year Return

-0.6%

SRT

44.7%

GB Communications

-13.2%

GB Market

Return vs Industry: SRT underperformed the UK Communications industry which returned 44.7% over the past year.

Return vs Market: SRT exceeded the UK Market which returned -13.2% over the past year.


Shareholder returns

SRTIndustryMarket
7 Day10.0%4.8%1.2%
30 Day3.5%-4.0%-0.2%
90 Day29.4%17.2%-1.1%
1 Year-0.6%-0.6%46.4%44.7%-9.8%-13.2%
3 Year13.8%13.8%131.8%118.4%-3.4%-15.1%
5 Year74.3%74.3%125.5%106.8%25.3%-2.7%

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?

4.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SRT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SRT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SRT is unprofitable, so we can't compare its PE Ratio to the GB Communications industry average.

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


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 (5x) compared to the GB Communications industry average (1.8x).


Next Steps

Future Growth

How is SRT Marine 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 SRT Marine 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.


Next Steps

Past Performance

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

-8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRT is currently unprofitable.

Growing Profit Margin: SRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SRT is unprofitable, and losses have increased over the past 5 years at a rate of 8.9% per year.

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

Earnings vs Industry: SRT is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (5.7%).


Return on Equity

High ROE: SRT has a negative Return on Equity (-44.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is SRT Marine Systems's financial position?


Financial Position Analysis

Short Term Liabilities: SRT's short term assets (£18.8M) exceed its short term liabilities (£14.2M).

Long Term Liabilities: SRT's short term assets (£18.8M) exceed its long term liabilities (£1.1M).


Debt to Equity History and Analysis

Debt Level: SRT's debt to equity ratio (36.3%) is considered satisfactory.

Reducing Debt: SRT's debt to equity ratio has increased from 8% to 36.3% over the past 5 years.


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: SRT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SRT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 52.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SRT'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 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

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

10.9yrs

Average board tenure


CEO

Simon Tucker

12.67yrs

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 ($USD322.80K) is about average for companies of similar size in the UK market ($USD345.93K).

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


Board Members

NamePositionTenureCompensationOwnership
Simon Tucker
CEO & Executive Director12.67yrsUK£248.40k1.65%
£ 1.2m
Richard Hurd
CFO, Secretary & Executive Director10.92yrsUK£126.00k0.061%
£ 44.0k
Neil Peniket
COO & Executive Director13.25yrsUK£161.00k0.67%
£ 484.0k
Simon Barrell
Independent Non-Executive Director1.17yrsno datano data
Simon Rogers
Independent Non Executive Directorno dataUK£20.00k8.22%
£ 5.9m
Kevin Finn
Independent Non-Executive Chairman3.08yrsUK£50.00kno data

10.9yrs

Average Tenure

60yo

Average Age

Experienced Board: SRT's board of directors are seasoned and experienced ( 10.9 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 been diluted in the past year, with total shares outstanding growing by 6.1%.


Top Shareholders

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£72.271m
  • Shares outstanding: 164.25m
  • 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
SFTW.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 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 Analysis2020/09/18 04:04
End of Day Share Price2020/09/17 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.