Financials Seven Group Holdings Limited

Equities

SVW

AU000000SVW5

Heavy Machinery & Vehicles

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
38.33 ^AUD	-0.90%		+1.78%	+3.88%

Apr. 26	Wall St Week Ahead-Lofty US stocks leave investors punishing earnings disappointments	RE
Apr. 25	EMEA Morning Briefing : Shares Seen Lower; Earnings, U.S. GDP Data in Focus	DJ

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,267	5,828	7,392	6,032	8,954	14,248	-	-
Enterprise Value (EV) ¹	8,265	8,192	9,664	10,440	12,971	18,023	17,462	16,714
P/E ratio	28.4 x	50.5 x	11.1 x	10.9 x	15.1 x	22.1 x	14.7 x	13.9 x
Yield	2.27%	2.44%	2.16%	2.77%	1.87%	1.3%	1.49%	1.51%
Capitalization / Revenue	1.53 x	1.28 x	1.53 x	0.75 x	0.93 x	1.32 x	1.26 x	1.21 x
EV / Revenue	2.02 x	1.8 x	2 x	1.3 x	1.35 x	1.67 x	1.54 x	1.41 x
EV / EBITDA	9.23 x	8.15 x	9.18 x	7.13 x	7.68 x	9.27 x	8.27 x	7.6 x
EV / FCF	65 x	31.1 x	22.1 x	-84.1 x	21.9 x	22.4 x	19.8 x	16.8 x
FCF Yield	1.54%	3.21%	4.52%	-1.19%	4.56%	4.46%	5.05%	5.94%
Price to Book	2.06 x	2.04 x	1.73 x	1.7 x	2.29 x	3.34 x	2.81 x	2.31 x
Nbr of stocks (in thousands)	338,946	339,209	363,260	363,170	363,259	371,723	-	-
Reference price ²	18.49	17.18	20.35	16.61	24.65	38.33	38.33	38.33
Announcement Date	8/20/19	8/25/20	8/24/21	8/23/22	8/16/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,084	4,563	4,839	8,013	9,626	10,809	11,319	11,819
EBITDA ¹	895.2	1,005	1,052	1,465	1,688	1,945	2,111	2,199
EBIT ¹	695.1	739.9	792.1	987.1	1,186	1,414	1,571	1,661
Operating Margin	17.02%	16.22%	16.37%	12.32%	12.33%	13.08%	13.88%	14.05%
Earnings before Tax (EBT) ¹	332.3	231.6	762.7	571.8	855.3	1,030	1,248	1,400
Net income ¹	217.3	115.8	631.4	558.4	596.6	621.6	968.7	1,026
Net margin	5.32%	2.54%	13.05%	6.97%	6.2%	5.75%	8.56%	8.68%
EPS ²	0.6500	0.3400	1.830	1.530	1.630	1.736	2.613	2.756
Free Cash Flow ¹	127.2	263.3	436.6	-124.1	592.1	804.5	882	993.5
FCF margin	3.11%	5.77%	9.02%	-1.55%	6.15%	7.44%	7.79%	8.41%
FCF Conversion (EBITDA)	14.21%	26.21%	41.49%	-	35.07%	41.37%	41.78%	45.17%
FCF Conversion (Net income)	58.54%	227.37%	69.15%	-	99.25%	129.43%	91.05%	96.84%
Dividend per Share ²	0.4200	0.4200	0.4400	0.4600	0.4600	0.4976	0.5702	0.5796
Announcement Date	8/20/19	8/25/20	8/24/21	8/23/22	8/16/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 Q3	2022 Q4	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1
Net sales ¹	2,263	2,300	2,357	2,481	3,956	2,029	2,029	4,057	4,607	5,020	5,394	5,388	5,612	5,753	5,774
EBITDA	547.6	457	526.5	525.9	749.3	-	-	715.7	841.8	-	1,017	964.9	1,096	-	1,159
EBIT	417.6	322.3	396.1	396	510.9	-	-	476.2	594.6	591.9	763.7	688.9	812.7	815	859.6
Operating Margin	18.46%	14.01%	16.8%	15.96%	12.91%	-	-	11.74%	12.91%	11.79%	14.16%	12.79%	14.48%	14.17%	14.89%
Earnings before Tax (EBT)	124.7	106.9	431.6	331.1	1,159	-	-	-586.8	461	-	382.1	-	682	-	755
Net income ¹	38.9	77.9	363.9	267.5	1,175	-308.3	-308.3	-616.6	319.6	-	188.9	414	504	-	557
Net margin	1.72%	3.39%	15.44%	10.78%	29.7%	-15.19%	-15.19%	-15.2%	6.94%	-	3.5%	7.68%	8.98%	-	9.65%
EPS	0.1100	0.2300	-	0.7600	3.220	-	-	-1.690	0.8800	-	0.5100	-	-	-	-
Dividend per Share	0.2100	0.2100	-	0.2300	0.2300	-	-	0.2300	0.2300	-	0.2300	0.2800	-	-	-
Announcement Date	2/18/20	8/25/20	2/18/21	8/24/21	2/21/22	2/14/23	8/23/22	8/23/22	2/14/23	8/16/23	2/13/24	-	-	-	-

¹AUD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,997	2,364	2,272	4,408	4,017	3,775	3,214	2,465
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.231 x	2.353 x	2.159 x	3.009 x	2.379 x	1.941 x	1.522 x	1.121 x
Free Cash Flow ¹	127	263	437	-124	592	805	882	994
ROE (net income / shareholders' equity)	16.4%	16.6%	12.6%	14.7%	16%	19.1%	19.7%	18%
ROA (Net income/ Total Assets)	7.72%	6.6%	7.11%	5%	4.38%	6.27%	7.22%	7.59%
Assets ¹	2,815	1,754	8,882	11,174	13,612	9,909	13,408	13,511
Book Value Per Share ²	8.960	8.430	11.80	9.780	10.80	11.50	13.60	16.60
Cash Flow per Share ²	1.230	1.590	1.810	1.410	3.290	3.030	3.760	4.090
Capex ¹	283	276	186	622	498	607	601	607
Capex / Sales	6.94%	6.06%	3.84%	7.76%	5.18%	5.62%	5.31%	5.14%
Announcement Date	8/20/19	8/25/20	8/24/21	8/23/22	8/16/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Seven Group Holdings Limited

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

38.33 AUD

Average target price

38.59 AUD

Spread / Average Target

+0.68%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Heavy Machinery & Vehicles Wholesale

	1st Jan change	Capi.
SEVEN GROUP HOLDINGS LIMITED	+3.88%	9.29B
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BARLOWORLD LIMITED	+9.61%	872M
WAJAX CORPORATION	+13.12%	542M
TITAN MACHINERY INC.	-21.40%	510M
WAKITA & CO.,LTD.	-1.81%	493M
PT HEXINDO ADIPERKASA TBK	+12.09%	312M
GIFORE AGRICULTURAL SCIENCE & TECHNOLOGY SERVICE CO.,LTD	-16.02%	284M
WLM PARTICIPAÇÕES E COMÉRCIO DE MÁQUINAS E VEÍCULOS S.A.	+7.53%	204M

Heavy Machinery & Vehicles Wholesale