Duyuru • May 08
Malaysian Communications & Multimedia Commission Grants the Network Service Provider (NSP) Licence to Symbio Holdings Limited Symbio Holdings Limited announced it has been granted the network service provider (NSP) licence by the Malaysian Communications & Multimedia Commission (MCMC), the regulatory authority in Malaysia, further expanding its in-region offering. The issue of the NSP license to Symbio, as the trusted voice partner in Asia-Pacific, presents opportunities for global service providers and communications innovators seeking scalable, high-availability Tier-1 voice coverage to enter the Malaysian market. Symbio's Tier-1 voice offering in Malaysia will supplement its existing Tier-1 domestic network in Singapore, both available within its South-East Asia (SEA) Regional Hub, allowing global telecom and technology service providers to cater to customers across multiple countries through a single Symbio interconnect. The NSP licence comes a year after Symbio launched its initial offering in Malaysia, paving the way for international customers to establish connections within the country through a host of voice services, including the allocation of international numbers. Duyuru • Feb 20
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Symbio Holdings Limited (ASX:SYM). Aussie Broadband Limited (ASX:ABB) submitted a conditional nonbinding indicative proposal to acquire Symbio Holdings Limited (ASX:SYM) for approximately AUD 270 million on September 29, 2023. Under the Indicative Proposal, Symbio shareholders would receive AUD 2.36 in cash and 0.192 Aussie Broadband shares for each Symbio share held (75% Cash and 25% Scrip Structure) as a default with the opportunity to elect a greater proportion of cash or scrip subject to a fixed cash and scrip pool. Shareholders would have the option of accepting the offer of 75 per cent in cash and the remainder in shares, or "maximise" either the cash or stock portion of the offer. As a part of acquisition, if Symbio pays a fully franked dividend of up to 35 before an acquisition is completed, the cash component of the offer would be reduced by that amount. The Indicative Proposal implies a value of AUD 3.15 per Symbio share. ABB’s intention is to fund the cash component of the transaction via a new debt facility.
The transaction is subject to completion of confirmatory due diligence satisfactory to Aussie Broadband, entry into a Scheme Implementation Deed (SID) in mutually acceptable form and Unanimous recommendation from the Symbio Board and a commitment from all Symbio Directors to vote any Symbio shares they hold or control in favour of the indicative proposal. The Symbio Board has approved the proposal and recommend it to shareholders subject to entering binding documentation. King & Wood Mallesons acted as legal advisor to Symbio Holdings. Goldman Sachs Australia Pty Ltd acted as financial advisor to Aussie Broadband Limited. Moelis & Company and Moelis Australia Advisory Pty Ltd acted as financial advisor to Symbio Holdings Limited.
Aussie Broadband Limited (ASX:ABB) completed the acquisition of Symbio Holdings Limited (ASX:SYM) on February 19, 2024. Duyuru • Feb 12
Symbio Holdings Limited to Report First Half, 2024 Results on Feb 21, 2024 Symbio Holdings Limited announced that they will report first half, 2024 results on Feb 21, 2024 Upcoming Dividend • Feb 09
Upcoming dividend of AU$0.35 per share at 1.1% yield Eligible shareholders must have bought the stock before 16 February 2024. Payment date: 28 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.1%. Lower than top quartile of Australian dividend payers (6.6%). Higher than average of industry peers (0.6%). Duyuru • Sep 28
Symbio Holdings Limited, Annual General Meeting, Nov 28, 2023 Symbio Holdings Limited, Annual General Meeting, Nov 28, 2023. New Risk • Sep 02
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). New Risk • Aug 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Duyuru • Aug 04
Symbio Holdings Limited to Report Fiscal Year 2023 Results on Aug 28, 2023 Symbio Holdings Limited announced that they will report fiscal year 2023 results During-Market on Aug 28, 2023 Duyuru • Aug 03
Superloop Limited (ASX:SLC) made a non-binding indicative proposal to acquire Symbio Holdings Limited (ASX:SYM) for AUD . Superloop Limited (ASX:SLC) made a non-binding indicative proposal to acquire Symbio Holdings Limited (ASX:SYM) for AUD on August 1, 2023. Buying Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be AU$2.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 704% in the next 2 years. Buying Opportunity • Feb 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be AU$2.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 704% in the next 2 years. Reported Earnings • Feb 21
First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.053 in 1H 2022) First half 2023 results: EPS: AU$0.001 (down from AU$0.053 in 1H 2022). Revenue: AU$103.5m (up 4.1% from 1H 2022). Net income: AU$79.0k (down 98% from 1H 2022). Profit margin: 0.1% (down from 4.5% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 23% per year. Duyuru • Feb 20
Symbio Holdings Limited Announces Ordinary Fully Franked Interim Dividend for the Period of Six Months Ended December 31, 2022, Payable on March 30, 2023 Symbio Holdings Limited announced ordinary fully franked interim dividend of AUD 0.01700000 per share for the period of six months ended December 31, 2022. The distribution is payable on March 30, 2023 with record date of February 28, 2023 and ex date of February 27, 2023. Duyuru • Feb 10
Symbio Holdings Limited to Report First Half, 2023 Results on Feb 20, 2023 Symbio Holdings Limited announced that they will report first half, 2023 results on Feb 20, 2023 Duyuru • Feb 09
Symbio Holdings Limited Appoints Kate Denton as Chief Financial Officer Symbio Holdings Limited announced the appointment of Kate Denton as chief financial officer (CFO) with immediate effect. Kate has been the company's Acting CFO since March 2022. Kate has more than 15 years of experience in Australia and internationally and has been with the company's finance team since 2015 when it acquired TNZI. She started her career as an auditor and is a qualified Chartered Accountant. Kate also spent three years working in the finance team for a large US-headquartered multinational software company based in London. Duyuru • Feb 02
Symbio Holdings Limited (ASX:SYM) acquired Contact Centre and Collaboration business of Intrado Australia for AUD 5 million. Symbio Holdings Limited (ASX:SYM) acquired Contact Centre and Collaboration business of Intrado Australia for AUD 5 million on January 31, 2023.
Symbio Holdings Limited (ASX:SYM) completed the acquisition of Contact Centre and Collaboration business of Intrado Australia on January 31, 2023. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 21% share price gain to AU$1.84, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 33x in the Software industry in Australia. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 39% share price decline to AU$1.63, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 42x in the Software industry in Australia. Total loss to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$3.61, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Software industry in Australia. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$5.55 per share. Reported Earnings • Aug 30
Full year 2022 earnings released: EPS: AU$0.068 (vs AU$0.14 in FY 2021) Full year 2022 results: EPS: AU$0.068 (down from AU$0.14 in FY 2021). Revenue: AU$202.6m (flat on FY 2021). Net income: AU$5.77m (down 51% from FY 2021). Profit margin: 2.8% (down from 5.8% in FY 2021). Over the next year, revenue is forecast to grow 17%, compared to a 38% growth forecast for the Software industry in Australia. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 17% share price gain to AU$4.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Software industry in Australia. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$2.16 per share. Recent Insider Transactions • Mar 01
Co-Founder recently sold AU$1.9m worth of stock On the 25th of February, Rene Sugo sold around 350k shares on-market at roughly AU$5.40 per share. This was the largest sale by an insider in the last 3 months. This was Rene's only on-market trade for the last 12 months. Reported Earnings • Feb 27
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.053 (vs AU$0.053 in 1H 2021). Revenue: AU$99.2m (down 3.2% from 1H 2021). Net income: AU$4.47m (flat on 1H 2021). Profit margin: 4.5% (up from 4.4% in 1H 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 11%, compared to a 31% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 15
Independent Chair recently bought AU$64k worth of stock On the 9th of September, Anne Ward bought around 10k shares on-market at roughly AU$6.36 per share. This was the largest purchase by an insider in the last 3 months. This was Anne's only on-market trade for the last 12 months. Reported Earnings • Aug 25
Full year 2021 earnings released: EPS AU$0.14 (vs AU$0.15 in FY 2020) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2021 results: Revenue: AU$203.7m (down 12% from FY 2020). Net income: AU$11.9m (flat on FY 2020). Profit margin: 5.8% (up from 5.2% 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 3% per year whereas the company’s share price has increased by 5% per year. Executive Departure • Jul 23
Non-Executive Chairman Terry Cuthbertson has left the company On the 22nd of July, Terry Cuthbertson's tenure as Non-Executive Chairman ended after 15.4 years in the role. As of March 2021, Terry still personally held 855.91k shares (AU$3.9m worth at the time). Terry is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.08 years. Recent Insider Transactions • Mar 18
Co- Founder & Non Executive Director recently sold AU$11m worth of stock On the 17th of March, Andy Fung sold around 2m shares on-market at roughly AU$5.08 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$13m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 18% share price gain to AU$4.95, the stock is trading at a trailing P/E ratio of 27.9x, up from the previous P/E ratio of 23.7x. This compares to an average P/E of 30x in the Telecom industry in Australia. Total return to shareholders over the past three years is a loss of 4.1%. Reported Earnings • Feb 25
First half 2021 earnings released: EPS AU$0.078 (vs AU$0.048 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: AU$112.1m (flat on 1H 2020). Net income: AU$6.61m (up 79% from 1H 2020). Profit margin: 5.9% (up from 3.3% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue misses expectations Revenue missed analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 8.5%, compared to a 22% growth forecast for the Telecom industry in Australia. Is New 90 Day High Low • Feb 23
New 90-day low: AU$4.20 The company is down 9.0% from its price of AU$4.64 on 25 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.79 per share. Is New 90 Day High Low • Feb 01
New 90-day low: AU$4.34 The company is down 5.0% from its price of AU$4.56 on 04 November 2020. The Australian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.57 per share. Is New 90 Day High Low • Jan 15
New 90-day low: AU$4.40 The company is down 10.0% from its price of AU$4.89 on 16 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.60 per share. Is New 90 Day High Low • Sep 24
New 90-day low: AU$4.54 The company is down 22% from its price of AU$5.84 on 26 June 2020. The Australian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$5.70 per share.