SERKO LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.45 NZD | +7.48% |
|
+9.52% | -14.81% |
| Apr. 30 | New Zealand Shares Rise Ahead of US Fed Decision; Serko Extends Contract with Booking.com | MT |
| Apr. 30 | Serko Signs Five-Year Contract Extension with Booking.com | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 257.3 | 176.2 | 740.3 | 551.8 | 284.8 | 416 | - | - |
| Enterprise Value (EV) 1 | 241.8 | 134 | 705.4 | 430.3 | 199.1 | 335.8 | 332.7 | 315.9 |
| P/E ratio | 159 x | -19 x | -23.3 x | -14.1 x | -9.19 x | -31.2 x | 178 x | 36.4 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 10.5 x | 6.81 x | 59.6 x | 30.9 x | 6.13 x | 5.9 x | 4.43 x | 3.62 x |
| EV / Revenue | 9.84 x | 5.18 x | 56.8 x | 24.1 x | 4.28 x | 4.76 x | 3.54 x | 2.75 x |
| EV / EBITDA | 93 x | -22 x | -31.6 x | -15.3 x | -9.13 x | -106 x | 24.8 x | 12.3 x |
| EV / FCF | 76 x | - | - | -12.5 x | -5.48 x | -42.2 x | -1,663 x | 34.1 x |
| FCF Yield | 1.32% | - | - | -8.03% | -18.3% | -2.37% | -0.06% | 2.93% |
| Price to Book | 9.81 x | 2.76 x | 9.51 x | 4.7 x | 2.26 x | 3.5 x | 3.29 x | 2.87 x |
| Nbr of stocks (in thousands) | 80,923 | 92,739 | 105,902 | 118,414 | 119,179 | 120,582 | - | - |
| Reference price 2 | 3.180 | 1.900 | 6.990 | 4.660 | 2.390 | 3.450 | 3.450 | 3.450 |
| Announcement Date | 5/21/19 | 6/23/20 | 5/18/21 | 5/17/22 | 5/16/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24.58 | 25.87 | 12.42 | 17.86 | 46.49 | 70.51 | 93.88 | 114.9 |
| EBITDA 1 | 2.6 | -6.089 | -22.32 | -28.14 | -21.8 | -3.174 | 13.4 | 25.73 |
| EBIT 1 | 1.83 | -9.245 | -27.96 | -36.18 | -34.79 | -19.48 | 0.1601 | 13.46 |
| Operating Margin | 7.45% | -35.74% | -225.1% | -202.65% | -74.84% | -27.63% | 0.17% | 11.72% |
| Earnings before Tax (EBT) 1 | 1.55 | -9.326 | -29.05 | -35.64 | -30.46 | -14.42 | 7.402 | 22.09 |
| Net income 1 | 1.63 | -9.364 | -29.39 | -35.96 | -30.54 | -16.11 | 2.458 | 14.84 |
| Net margin | 6.63% | -36.2% | -236.63% | -201.39% | -65.69% | -22.85% | 2.62% | 12.92% |
| EPS 2 | 0.0200 | -0.1000 | -0.3000 | -0.3300 | -0.2600 | -0.1105 | 0.0193 | 0.0948 |
| Free Cash Flow 1 | 3.181 | - | - | -34.55 | -36.34 | -7.95 | -0.2 | 9.25 |
| FCF margin | 12.94% | - | - | -193.5% | -78.16% | -11.28% | -0.21% | 8.05% |
| FCF Conversion (EBITDA) | 122.35% | - | - | - | - | - | - | 35.96% |
| FCF Conversion (Net income) | 195.15% | - | - | - | - | - | - | 62.31% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 5/21/19 | 6/23/20 | 5/18/21 | 5/17/22 | 5/16/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2023 S1 |
|---|---|
| Net sales 1 | 18.8 |
| EBITDA 1 | -16.9 |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income 1 | -19.7 |
| Net margin | -104.79% |
| EPS | - |
| Dividend per Share | - |
| Announcement Date | 11/23/22 |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 15.5 | 42.2 | 34.8 | 122 | 85.7 | 80.2 | 83.3 | 100 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 3.18 | - | - | -34.6 | -36.3 | -7.95 | -0.2 | 9.25 |
| ROE (net income / shareholders' equity) | 9.45% | -18.5% | -35.3% | -28.4% | -22.1% | -13.9% | 3.04% | 12.2% |
| ROA (Net income/ Total Assets) | 7.2% | -15.6% | -31.8% | -25.8% | -19.8% | -14.8% | 0.51% | 9.68% |
| Assets 1 | 22.65 | 60.17 | 92.33 | 139.3 | 154.1 | 109.1 | 481.2 | 153.4 |
| Book Value Per Share 2 | 0.3200 | 0.6900 | 0.7300 | 0.9900 | 1.060 | 0.9800 | 1.050 | 1.200 |
| Cash Flow per Share 2 | 0.0500 | -0.0400 | -0.1800 | -0.1700 | -0.1900 | 0.0600 | 0.1100 | 0.1900 |
| Capex 1 | 0.47 | 0.79 | 0.56 | 16.1 | 14 | 12.8 | 14 | 15 |
| Capex / Sales | 1.9% | 3.07% | 4.5% | 90.14% | 30.14% | 18.2% | 14.88% | 13.04% |
| Announcement Date | 5/21/19 | 6/23/20 | 5/18/21 | 5/17/22 | 5/16/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
3.45
NZD
Average target price
4.457
NZD
Spread / Average Target
+29.19%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.81% | 255M | |
| -13.48% | 191B | |
| +1.53% | 167B | |
| +3.37% | 155B | |
| +8.31% | 103B | |
| +35.49% | 83.67B | |
| +11.19% | 82.06B | |
| -6.43% | 71.79B | |
| -18.66% | 54.05B | |
| -8.68% | 43.34B |
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