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Steamships Trading Company Limited (ASX: SST) - Financials

- Current share price for SST : $16.500

Steamships Trading Company Limited (SST) is involved in shipping, transport, property and hospitality operation in Papua New Guinea. Its four major operating Segments are Logistics, Property & Hospitality, and various joint venture operations.

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SST Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 $8.95 141.2 ¢ 90.1 ¢ 40.2 ¢ 0% $14.40 12.15 80.4% 23.6%
2022 $8.61 250.3 ¢ 80.1 ¢ 50.7 ¢ 0% $14.00 13.44 81% 9%
2021 $7.14 237.2 ¢ 103 ¢ 24.3 ¢ 0% $12.70 9.16 77.5% 5.4%

SST Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$202,067 $6,692.00 $186,281 30% $0.00 $445,091 70%
Note: All dollars in thousands ('000) for the table above

SST Historical Financials

2023 2022 2021
Revenue ($M) 277.5 266.9 221.5
Operating Margin (%) 30.2 29 32.2
Depreciation ($M) -44.2 -40.3 -36.8
Amortisation ($M)
Net Profit Before Abs ($M) 27.9 24.8 31.9
Net Profit After Abs ($M) 24.6 24.5 35.6
Income Tax Rate (%) 30.5 30.9 1.9
Net Profit Margin (%) 10.1 9.3 14.4
Employees ($T) 3 2.7 2.5
Long Term Debt ($M) 186.3 32.7 105.6
Shareholders Equity ($M) 445.1 434.3 394.6
Return on Capital (%) 5 6 7
Return on Equity (%) 6.3 5.7 8.1
Payout Ratio (%) 45 63 24

SST Cashflow

2023 2022 2021
Customer Receipts ($M) 265 266 216
Net Operating Cashflow ($M) 43.8 77.6 73.6
Net Investing Cashflow ($M) -105 -65 -70
Net Financing Cashflow ($M) 50 -16 -35

SST Market & Earnings

2023 2022 2021
Market Cap ($M) 388 326 310
Net Gearing (%) 42 25.8 25.8
Net Interest Cover (%) 56.9 74.9 21.9
Dividend Yield (%) 3.2 4.8 4
NTA Per Share ($) 13.3 13 11.8
EBITDA ($M) 83.9 77.5 71.4
EBIT ($M) 39.7 37.2 34.6
EBT Before Abs ($M) 39 36.7 33

SST Balance Sheet

2023 2022 2021
Cash ($M) 12.2 22.6 25.1
Debtors ($M) 45.2 44.1 42.1
Other Debtors ($M) 27.1 12.2 21.4
Prepayments ($M) 5.79 6.11 6.52
Inventories ($M) 16.69 12.04 9.04
Current Investments ($M)
Other Current Assets ($M) 2.18 5.11 3.93
Total Current Assets ($M) 109.2 103.4 111.3
Receivables ($M) 102.8 84.5 65.9
Inventories ($M)
Property, Plant & Equipment ($M) 616.3 518.3 488.1
Accumulated Depreciation ($M) -323.5 -282.1 -273.8
Intangibles ex. Goodwill ($M)
Goodwill ($M) 32.3 32.3 30
Future Income Tax Benefit ($M) 1.96 0.85 6.36
Non-Current Investments ($M) 180.5 183.7 168
Other Non-Current Assets ($M)
Total Non-Current Assets ($M) 610.4 537.5 484.5
Total Assets ($M) 719.6 640.9 595.8
Accounts Payable ($M) 46 45.7 36.1
Provisions ($M) 2.59 2.38 18.95
Short Term Debt ($M) 15.8 103.8 23
Other Current Liabilities ($M) 0.07 0.07
Total Current Liabilities ($M) 64.4 152 78
Creditors ($M)
Long Term Debt ($M) 186.3 32.7 105.6
Provisions ($M) 16.6 14.8 11.2
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M) 202.9 47.4 116.8
Total Liabilities ($M) 267.3 199.4 194.8
Share Capital ($M) 10.23 10.23 9.51
Reserves ex. Share Premium ($M) 434.9 424
Share Premium Reserve ($M)
Retained Profits ($M) 385.1
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M) 7.2 7.21 6.38
Total Shareholders Equity ($M) 452.3 441.5 401

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