Financials Seven Group Holdings Limited

Equities

SVW

AU000000SVW5

Heavy Machinery & Vehicles

Market Closed - Australian S.E. Other stock markets 02:10:37 2024-05-17 am EDT			5-day change	1st Jan Change
38.87 ^AUD	-0.82%		-2.12%	+5.34%

May. 15	Seven Group Extends Boral Takeover Offer to May 31	MT
May. 06	Seven Group's Note Price Adjusted After Boral Dividend	MT

Valuation

Fiscal Period: June	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,267	5,828	7,392	6,032	8,954	14,899	-	-
Enterprise Value (EV) ¹	8,265	8,192	9,664	10,440	12,971	18,674	18,113	17,364
P/E ratio	28.4 x	50.5 x	11.1 x	10.9 x	15.1 x	22.6 x	15 x	14.3 x
Yield	2.27%	2.44%	2.16%	2.77%	1.87%	1.27%	1.45%	1.47%
Capitalization / Revenue	1.53 x	1.28 x	1.53 x	0.75 x	0.93 x	1.38 x	1.32 x	1.26 x
EV / Revenue	2.02 x	1.8 x	2 x	1.3 x	1.35 x	1.73 x	1.6 x	1.47 x
EV / EBITDA	9.23 x	8.15 x	9.18 x	7.13 x	7.68 x	9.6 x	8.58 x	7.9 x
EV / FCF	65 x	31.1 x	22.1 x	-84.1 x	21.9 x	27.2 x	23.9 x	20 x
FCF Yield	1.54%	3.21%	4.52%	-1.19%	4.56%	3.68%	4.18%	4.99%
Price to Book	2.06 x	2.04 x	1.73 x	1.7 x	2.29 x	3.41 x	2.88 x	2.37 x
Nbr of stocks (in thousands)	338,946	339,209	363,260	363,170	363,259	380,167	-	-
Reference price ²	18.49	17.18	20.35	16.61	24.65	39.19	39.19	39.19
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	11,311	11,801
EBITDA ¹	895.2	1,005	1,052	1,465	1,688	1,945	2,110	2,197
EBIT ¹	695.1	739.9	792.1	987.1	1,186	1,414	1,570	1,659
Operating Margin	17.02%	16.22%	16.37%	12.32%	12.33%	13.08%	13.88%	14.06%
Earnings before Tax (EBT) ¹	332.3	231.6	762.7	571.8	855.3	1,071	1,268	1,419
Net income ¹	217.3	115.8	631.4	558.4	596.6	621.4	965.8	1,021
Net margin	5.32%	2.54%	13.05%	6.97%	6.2%	5.75%	8.54%	8.65%
EPS ²	0.6500	0.3400	1.830	1.530	1.630	1.736	2.606	2.744
Free Cash Flow ¹	127.2	263.3	436.6	-124.1	592.1	687	757	866.5
FCF margin	3.11%	5.77%	9.02%	-1.55%	6.15%	6.36%	6.69%	7.34%
FCF Conversion (EBITDA)	14.21%	26.21%	41.49%	-	35.07%	35.33%	35.88%	39.44%
FCF Conversion (Net income)	58.54%	227.37%	69.15%	-	99.25%	110.56%	78.38%	84.88%
Dividend per Share ²	0.4200	0.4200	0.4400	0.4600	0.4600	0.4976	0.5692	0.5762
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 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2	2025 S1	2025 Q3	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	2,661	2,661	5,354	2,760	2,760	5,581	2,760	5,636	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%	-	-	12.87%	-	-	14.56%	-	14.46%	14.89%
Earnings before Tax (EBT) ¹	124.7	106.9	431.6	331.1	1,159	-	-	-586.8	461	-	382.1	261.4	268.1	529.5	-	-	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	90.3	95.4	299.8	-	-	504	-	-	557
Net margin	1.72%	3.39%	15.44%	10.78%	29.7%	-15.19%	-15.19%	-15.2%	6.94%	-	3.5%	3.39%	3.59%	5.6%	-	-	9.03%	-	-	9.65%
EPS	0.1100	0.2300	-	0.7600	3.220	-	-	-1.690	0.8800	-	0.5100	-	-	-	0.5900	0.5950	1.185	0.5890	1.183	-
Dividend per Share ²	0.2100	0.2100	-	0.2300	0.2300	-	-	0.2300	0.2300	-	0.2300	0.1460	0.1500	0.2880	0.1770	0.1780	0.3550	0.1770	0.3550	-
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 Million²AUD

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	1.523 x	1.122 x
Free Cash Flow ¹	127	263	437	-124	592	687	757	867
ROE (net income / shareholders' equity)	16.4%	16.6%	12.6%	14.7%	16%	17.8%	19.8%	18.1%
ROA (Net income/ Total Assets)	7.72%	6.6%	7.11%	5%	4.38%	5.01%	6.92%	7.16%
Assets ¹	2,815	1,754	8,882	11,174	13,612	12,413	13,947	14,258
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	3.750	4.020
Capex ¹	283	276	186	622	498	587	585	599
Capex / Sales	6.94%	6.06%	3.84%	7.76%	5.18%	5.43%	5.17%	5.07%
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

39.19 AUD

Average target price

38.78 AUD

Spread / Average Target

-1.05%

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	+5.34%	9.95B
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BARLOWORLD LIMITED	+13.49%	933M
TITAN MACHINERY INC.	-19.39%	523M
WAKITA & CO.,LTD.	-3.94%	488M
WAJAX CORPORATION	-13.25%	418M
PT HEXINDO ADIPERKASA TBK	+11.16%	315M
GIFORE AGRICULTURAL SCIENCE & TECHNOLOGY SERVICE CO.,LTD	-15.42%	287M
WLM PARTICIPAÇÕES E COMÉRCIO DE MÁQUINAS E VEÍCULOS S.A.	-3.23%	190M

Heavy Machinery & Vehicles Wholesale