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General Information

Service Stream Limited
SSM
http://www.servicestream.com.au
Construction & Engineering
114
386

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.30 $0.29 $0.30 $0.29 $0.30 104770 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Company Overview

Business Description
Service Stream Limited (SSM) is a provider of essential network services, including access, design, build, installation and maintenance. These services are provided to copper, fibre and wireless telecommunications networks as well as to a range of private and public energy and water entities nationally. The Company has offices in Australian Capital Territory, New South Wales, Queensland, South Australia, Victoria and Western Australia.
Strategy Analysis
Service Stream's growth strategy consistently focuses on developing its uniquely integrated services to meet the evolving needs of large national infrastructure-based firms, both in telecommunications and utilities sector. Organic growth from the strategic integration of its stand alone businesses is expected to continue. Environmental focused infrastructure projects are forecasted to become increasingly important to the company. SSM led the introduction of smart meters last year and is now well - positioned to capitalise revenues from utility companies. Service Stream reported NPAT down 19.01% to $8.07m for the half-year ended 31 December 2012. Revenue from ordinary activities were $298.02m, down 3.2% from last year. Diluted EPS was 2.83 cents compared to 3.50 cents last year. Net operating cash flow was $22.5m compared to $19.46m last year. The interim dividend declared was 1 cents, compared with 1 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014 A 2.3 0.8 0.0% 24.9 0.0 0.0% 0.0%
2013 A -17.3 -5.8 0.0% 0.0 1.0 2.9% 100.0%
2012 A 19.4 6.5 17.0% 5.5 1.9 5.4% 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
Cardno (CDD) $538M -0.0527 -0.3851 -0.1250 6.4217 10.4434 11.9354 11.08% 4.62% 5.00%
CIMIC Group (CIM) $7,586M 0.0000 0.0000 0.0683 0.0000 15.8925 14.8765 5.58% 3.88% 4.08%
Monadelphous (MND) $895M -0.1184 -0.2245 -0.1943 6.3855 8.2340 10.2193 12.81% 9.44% 8.74%
Service Stream (SSM) $114M 0.0000 0.0000 0.0000 39.3333 0.0000 0.0000 0.00% 0.00% 0.00%
UGL (UGL) $358M -0.1853 -0.5894 0.0762 4.7693 11.6153 10.7932 0.00% 0.00% 0.81%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 39.30 0.63 0.00
Market 0.91 16.10 1.33 1.27
Sector 0.65 10.21 0.68 0.25

Directors

Name Position Start Date
Mr Brett Thomas Gallagher Executive Director 29/04/2010
Mr Leigh Geoffrey Mackender Managing Director 26/05/2014
Mr Peter Dempsey Non-Executive Chairman 01/11/2010
Mrs Deborah R Page Non-Executive Director 21/09/2010
Mr Stephe Peter Wilks Non-Executive Director 29/09/2005

Management

Name Position
Vicki Letcher Company Secretary
K Smith Executive General Manager, Fixed Communications
M Saloyedoff Executive General Manager, Mobile Communications

Substantial Shareholders

Holding Name
77,516,531 (20.06%) Thorney International Pty Ltd
32,231,408 (8.34%) Thorney Opportunities Ltd
30,148,719 (7.80%) Forager Funds Management Pty Ltd
21,356,226 (5.53%) Gandel Springwest Pty Ltd
19,453,173 (5.03%) Rubi Holdings Pty Ltd

Calendar of Events

Date Event
17 February 2016 Report (Interim)
18 September 2015 Report (Annual)
12 August 2015 Report (Prelim)
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