SILK LOGISTICS HOLDINGS LIMITED (SLH)
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SLH - SILK LOGISTICS HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.67
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.31

22 Jul
2024

-0.025

OPEN

$1.31

-1.87%

HIGH

$1.32

15,661

LOW

$1.31

TARGET
$2.10 60.3% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
SLH: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 20.8 14.9 xxx
DPS (cps) xxx 8.4 4.8 xxx
EPS Growth xxx 19.3% - 28.3% xxx
DPS Growth xxx - 1.4% - 42.7% xxx
PE Ratio xxx N/A 9.1 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 40.3% 32.2% xxx

Dividend yield today if purchased 3 years ago: 3.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.20

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/03 - ex-div 2.82c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2020202120222023
EPS Basic xxxxxxxxx20.8
DPS All xxxxxxxxx8.4
Sales/Revenue xxxxxxxxx488.6 M
Book Value Per Share xxxxxxxxx95.5
Net Operating Cash Flow xxxxxxxxx60.5 M
Net Profit Margin xxxxxxxxx3.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx23.05 %
Return on Invested Capital xxxxxxxxx7.42 %
Return on Assets xxxxxxxxx4.25 %
Return on Equity xxxxxxxxx23.05 %
Return on Total Capital xxxxxxxxx11.93 %
Free Cash Flow ex dividends xxxxxxxxx42.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 2020202120222023
Short-Term Debt xxxxxxxxx62 M
Long Term Debt xxxxxxxxx159 M
Total Debt xxxxxxxxx221 M
Goodwill - Gross xxxxxxxxx61 M
Cash & Equivalents - Generic xxxxxxxxx30 M
Price To Book Value xxxxxxxxx2.12

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx8.8 M
Capex % of Sales xxxxxxxxx1.81 %
Cost of Goods Sold xxxxxxxxx421 M
Selling, General & Admin. Exp & Other xxxxxxxxx35 M
Research & Development xxxxxxxxx0 M
Investments - Total xxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

04/07/2024

1

Buy

$2.10

60.31%

Shaw and Partners assesses the recent May port container data which it views as supporting its investment case for Silk Logistics.

The broker notes challenging conditions in the 1H24 have transcended to a recovery in container volumes from December 2023 to May 2024, with full year to date total volumes surpassing the prior corresponding period.

Freight costs have doubled since early May 2024, partly due to geopolitical conflicts, but this impact is expected to be temporary, the analyst highlights.

Buy rating, High Risk and $2.10 target price remain unchanged.

FORECAST
Shaw and Partners forecasts a full year FY24 dividend of 4.60 cents and EPS of 13.80 cents.
Shaw and Partners forecasts a full year FY25 dividend of 6.80 cents and EPS of 17.00 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

03/07/2024

1

Buy

$1.88

43.51%

After reviewing peer trading updates, Moelis expects tough operating conditions will continue for Silk Logistics.

Disrupted freight flows have hit peers' efficiency and utilisation; wet weather has cut horticultural volumes in North Queensland; and peers have not witnessed a post-Easter volume rebound.

EPS forecasts are steady in FY24; and fall -13% in FY25; and -11% in FY26.

Buy rating retained, the broker observing the company is trading at a sharp discount to peers. Target price falls to $1.88 from $2.16.

FORECAST
Moelis forecasts a full year FY24 dividend of 5.90 cents and EPS of 15.50 cents.
Moelis forecasts a full year FY25 dividend of 8.70 cents and EPS of 17.40 cents.
Access Stockbroker Research History >

SLH STOCK CHART

FNArena News on SLH

1
Australian Broker Call *Extra* Edition – Jul 03, 2024

Jul 03 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 28-02-2024

Feb 28 2024 - Australia
3
Australian Broker Call *Extra* Edition – Oct 02, 2023

Oct 02 2023 - Daily Market Reports
4
Treasure Chest: Silk Logistics

Sep 28 2023 - Treasure Chest
5
FNArena Corporate Results Monitor – 24-08-2023

Aug 24 2023 - Australia

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