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General Information

Emeco Holdings Limited
EHL
http://www.emecogroup.com
Trading Companies & Distributors
49
600

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.08 $0.08 $0.08 $0.08 $0.08 807407 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Strong Buy
01/05/2015

Company Overview

Business Description
Emeco Holdings limited (EHL) is an Australian mining equipment rental business. EHL operates as a global fleet of original equipment manufacturer (OEM) machines to deliver suitable equipment rental solutions for customers, with a focus on global mining industry. EHL has operations in Australia, Indonesia, Canada and Chile.
Strategy Analysis
EHL seeks consolidation of its leading position in the rental of heavy earthmoving equipment in Australia and Indonesia. It looks to expand its Canadian position, supported by a positive outlook for oil sands activity. The weak European and US businesses have been exited. The company is again looking to expand geographically and is entering the copper rich region of Chile which has been experiencing volume growth. The shift toward larger and longer term mining projects improves the potential for wider margin and longer term deals. A strategy to expand the fleet with a particular focus on larger vehicles i.e. (240 tonne trucks) has helped profitability. Emeco Holdings reported NPAT down 22.1% to $22.5m for the half-year ended 31 December 2012. Revenues from ordinary activities were $246.7m, down 9.7% from the same period last year. Diluted EPS was 3.70 cents compared to 4.59 cents last year. Net operating cash flow was $101.61m compared to $114.00m last year. The interim dividend declared was 2.5 cents in line with 2.5 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A -2.3 -0.4 0.0% 0.0 0.0 0.0% 0.0%
2013 A 23.8 4.1 -64.0% 15.4 2.5 4.0% 100.0%
2012 A 70.0 11.2 26.2% 9.0 6.0 5.9% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Emeco Holdings (EHL) $49M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%
Seven Group (SVW) $1,641M -0.3867 -0.0955 -0.0810 7.5333 8.3283 9.0627 7.22% 7.04% 6.95%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 0.00 0.15 0.00
Market 0.89 16.20 1.33 1.33
Sector 0.61 10.24 0.71 0.22

Directors

Name Position Start Date
Mr Kenneth Roy Lewsey Chief Executive Officer, Managing Director 04/11/2013
Mr Peter Ian Richards Non-Executive Director 14/06/2010
Mr John Ernest Royer Cahill Non-Executive Director 15/09/2008
Ms Erica Lee Smyth Non-Executive Director 15/12/2011
Mr Alexander (Alec) Norman Brennan Non-Executive Director, Non-Executive Chairman 16/08/2005

Management

Name Position
Stephen Gobby Chief Financial Officer
Ian Testrow Chief Operating Officer Australia/President New & Developing Business
Thao Vanderplancke Company Secretary,General Counsel
Grant Stubbs Executive General Manager Asset Strategy & Operational Improvement
Michael Kirkpatrick Executive General Manager Corporate Services
Kellie Benda Executive General Manager, Strategy & Corporate Development
Christopher Hayman President Americas

Substantial Shareholders

Holding Name
66,007,395 (11.01%) First Samuel Limited
31,002,213 (5.17%) Highclere International Investors Limited

Calendar of Events

Date Event
25 February 2016 Report (Interim)
14 October 2015 Report (Annual)
20 August 2015 Report (Prelim)
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