Recent Insider Transactions • May 21
Founder recently bought AU$307k worth of stock On the 13th of May, Alfred Moufarrige bought around 50k shares on-market at roughly AU$6.15 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$657k. Alfred has been a buyer over the last 12 months, purchasing a net total of AU$1.4m worth in shares. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 01
Founder recently bought AU$657k worth of stock On the 24th of April, Alfred Moufarrige bought around 100k shares on-market at roughly AU$6.57 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alfred has been a buyer over the last 12 months, purchasing a net total of AU$1.1m worth in shares. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 21
Servcorp Limited Updates Earnings Guidance for the Financial Year 2026 Servcorp Limited updated earnings guidance for the financial year 2026. For the year, the company now expects Underlying NPBIT to be between $80.0 million and $84.0 million (previously between $72.0 million and $76.0 million). Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 09
Servcorp Limited, Annual General Meeting, Nov 13, 2025 Servcorp Limited, Annual General Meeting, Nov 13, 2025. Location: level 63, 25 martin place, sydney nsw 2000 Australia Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 13
Founder recently bought AU$129k worth of stock On the 6th of November, Alfred Moufarrige bought around 26k shares on-market at roughly AU$4.95 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$490k. Alfred has been a buyer over the last 12 months, purchasing a net total of AU$768k worth in shares. Duyuru • Oct 10
Servcorp Limited, Annual General Meeting, Nov 14, 2024 Servcorp Limited, Annual General Meeting, Nov 14, 2024. Location: level 63, 25 martin place, sydney 2000 nsw, hybrid, Australia Recent Insider Transactions • Sep 25
Founder recently bought AU$490k worth of stock On the 19th of September, Alfred Moufarrige bought around 100k shares on-market at roughly AU$4.90 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alfred has been a buyer over the last 12 months, purchasing a net total of AU$639k worth in shares. Reported Earnings • Aug 22
Full year 2024 earnings released: EPS: AU$0.40 (vs AU$0.11 in FY 2023) Full year 2024 results: EPS: AU$0.40 (up from AU$0.11 in FY 2023). Revenue: AU$317.0m (up 8.2% from FY 2023). Net income: AU$39.0m (up 253% from FY 2023). Profit margin: 12% (up from 3.8% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 13
Founder recently bought AU$101k worth of stock On the 6th of June, Alfred Moufarrige bought around 25k shares on-market at roughly AU$4.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alfred has been a buyer over the last 12 months, purchasing a net total of AU$446k worth in shares. Upcoming Dividend • Feb 28
Upcoming dividend of AU$0.12 per share Eligible shareholders must have bought the stock before 06 March 2024. Payment date: 04 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Lower than top quartile of Australian dividend payers (6.4%). Higher than average of industry peers (3.3%). Declared Dividend • Feb 24
First half dividend of AU$0.12 announced Shareholders will receive a dividend of AU$0.12. Ex-date: 6th March 2024 Payment date: 4th April 2024 Dividend yield will be 6.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (147% earnings payout ratio). However, it is well covered by cash flows (15% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 64% to bring the payout ratio under control. EPS is expected to grow by 111% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 23
First half 2024 earnings released: EPS: AU$0.20 (vs AU$0.15 in 1H 2023) First half 2024 results: EPS: AU$0.20 (up from AU$0.15 in 1H 2023). Revenue: AU$156.2m (up 8.4% from 1H 2023). Net income: AU$19.6m (up 32% from 1H 2023). Profit margin: 13% (up from 10% in 1H 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$3.37, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Real Estate industry in Australia. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$4.01 per share. Duyuru • Oct 12
Servcorp Limited, Annual General Meeting, Nov 15, 2023 Servcorp Limited, Annual General Meeting, Nov 15, 2023, at 16:30 AUS Eastern Standard Time. Location: Level 63 25 Martin Place Sydney 2000 NSW Sydney Nsw 2000 New South Wales Australia Agenda: To receive and consider the Company's financial report, the directors' report and the auditor's report for the financial year ended 30 June 2023; to consider Remuneration report; to consider Re election of director; to Approval of Servcorp Employee Incentive Plan (SEIP); to consider Issue of Options to Mr Alfred George Moufarrige; and to consider Other business. Buying Opportunity • Sep 20
Now 20% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be AU$3.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Buying Opportunity • Sep 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be AU$3.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Upcoming Dividend • Aug 28
Upcoming dividend of AU$0.12 per share at 8.0% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 05 October 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.0%. Within top quartile of Australian dividend payers (7.1%). Higher than average of industry peers (4.4%). Duyuru • Aug 24
Servcorp Limited Declares Final Dividend for the Year Ended June 30, 2023, Payable on 5 October 2023 On 24 August 2023, the Directors of Servcorp Limited declared a final dividend for the year ended June 30, 2023 of 12.00 cents per share, franked at 20%, payable on 5 October 2023. Record date for determining entitlements to the dividend: 5 September 2023. Reported Earnings • Aug 24
Full year 2023 earnings released: EPS: AU$0.11 (vs AU$0.29 in FY 2022) Full year 2023 results: EPS: AU$0.11 (down from AU$0.29 in FY 2022). Revenue: AU$295.5m (up 8.7% from FY 2022). Net income: AU$11.1m (down 61% from FY 2022). Profit margin: 3.7% (down from 10% in FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be AU$3.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 31% in the next 2 years. Recent Insider Transactions • Jul 06
Founder recently bought AU$297k worth of stock On the 29th of June, Alfred Moufarrige bought around 100k shares on-market at roughly AU$2.97 per share. This transaction amounted to 4.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alfred has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares. Upcoming Dividend • Feb 22
Upcoming dividend of AU$0.10 per share at 6.1% yield Eligible shareholders must have bought the stock before 01 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Australian dividend payers (6.8%). Higher than average of industry peers (3.2%). Duyuru • Feb 18
Servcorp Limited Announces Dividend or the Six Months Ended December 31, 2022, payable on April 5, 2023 Servcorp Limited announced ordinary fully paid dividend of AUD 0.10000000 for the six months ended December 31, 2022. Record date is March 2, 2023. Ex-date is March 1, 2023. The dividend will be payable on April 5, 2023. Reported Earnings • Feb 17
First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.14 in 1H 2022) First half 2023 results: EPS: AU$0.15 (up from AU$0.14 in 1H 2022). Revenue: AU$145.4m (up 6.4% from 1H 2022). Net income: AU$14.9m (up 12% from 1H 2022). Profit margin: 10% (in line with 1H 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Sep 10
Founder recently bought AU$718k worth of stock On the 7th of September, Alfred Moufarrige bought around 200k shares on-market at roughly AU$3.59 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Alfred's only on-market trade for the last 12 months. Board Change • Sep 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Tony McGrath was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.29 (vs AU$0.24 in FY 2021) Full year 2022 results: EPS: AU$0.29 (up from AU$0.24 in FY 2021). Revenue: AU$272.0m (flat on FY 2021). Net income: AU$28.0m (up 19% from FY 2021). Profit margin: 10% (up from 8.7% in FY 2021). Over the next year, revenue is forecast to grow 8.2%, compared to a 3.7% growth forecast for the Real Estate industry in Australia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 17% share price gain to AU$4.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Real Estate industry in Australia. Total returns to shareholders of 52% over the past three years. Upcoming Dividend • Mar 01
Upcoming dividend of AU$0.10 per share Eligible shareholders must have bought the stock before 08 March 2022. Payment date: 06 April 2022. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (5.7%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 25
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.14 (down from AU$0.16 in 1H 2021). Revenue: AU$136.6m (down 2.2% from 1H 2021). Net income: AU$13.3m (down 14% from 1H 2021). Profit margin: 9.7% (down from 11% in 1H 2021). Revenue missed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 7.9%, compared to a 7.6% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 11
Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.072 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$269.9m (down 23% from FY 2020). Net income: AU$22.1m (up 219% from FY 2020). Profit margin: 8.2% (up from 2.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 28
Full year 2021 earnings released: EPS AU$0.23 (vs AU$0.072 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: AU$275.7m (down 21% from FY 2020). Net income: AU$22.1m (up 219% from FY 2020). Profit margin: 8.0% (up from 2.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 23% share price gain to AU$3.54, the stock is trading at a trailing P/E ratio of 45.8x, up from the previous P/E ratio of 37.3x. This compares to an average P/E of 28x in the Real Estate industry in Australia. Total return to shareholders over the past three years is a loss of 14%. Is New 90 Day High Low • Mar 02
New 90-day high: AU$3.54 The company is up 9.0% from its price of AU$3.25 on 02 December 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 1.0% over the same period. Reported Earnings • Feb 24
First half 2021 earnings released: EPS AU$0.16 (vs AU$0.15 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: AU$139.6m (down 21% from 1H 2020). Net income: AU$15.4m (up 4.1% from 1H 2020). Profit margin: 11% (up from 8.3% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 16% share price gain to AU$3.19, the stock is trading at a trailing P/E ratio of 41.7x, up from the previous P/E ratio of 36x. This compares to an average P/E of 25x in the Real Estate industry in Australia. Total return to shareholders over the past three years is a loss of 30%. Is New 90 Day High Low • Nov 11
New 90-day high: AU$2.70 The company is up 28% from its price of AU$2.10 on 13 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 21% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 18% share price gain to AU$2.70, the stock is trading at a trailing P/E ratio of 37.6x, up from the previous P/E ratio of 31.9x. This compares to an average P/E of 23x in the Real Estate industry in Australia. Total return to shareholders over the past three years is a loss of 41%. 