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: 4.2
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.07

21 Nov
2024

-0.010

OPEN

$2.08

-0.48%

HIGH

$2.08

473,643

LOW

$2.07

TARGET
$2.12 2.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
SLH: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 9.2 13.0 xxx
DPS (cps) xxx 4.2 5.0 xxx
EPS Growth xxx - 56.0% 41.5% xxx
DPS Growth xxx - 49.3% 17.9% xxx
PE Ratio xxx N/A 16.1 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 46.3% 38.6% xxx

Dividend yield today if purchased 3 years ago: 1.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.04

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 20202021202220232024
EPS Basic xxxxxxxxxxxx9.2
DPS All xxxxxxxxxxxx4.2
Sales/Revenue xxxxxxxxxxxx556.4 M
Book Value Per Share xxxxxxxxxxxx101.0
Net Operating Cash Flow xxxxxxxxxxxx79.0 M
Net Profit Margin xxxxxxxxxxxx1.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20202021202220232024
Return on Capital Employed xxxxxxxxxxxx9.40 %
Return on Invested Capital xxxxxxxxxxxx2.33 %
Return on Assets xxxxxxxxxxxx1.43 %
Return on Equity xxxxxxxxxxxx9.40 %
Return on Total Capital xxxxxxxxxxxx7.54 %
Free Cash Flow ex dividends xxxxxxxxxxxx60.8 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 20202021202220232024
Short-Term Debt xxxxxxxxxxxx62 M
Long Term Debt xxxxxxxxxxxx321 M
Total Debt xxxxxxxxxxxx382 M
Goodwill - Gross xxxxxxxxxxxx80 M
Cash & Equivalents - Generic xxxxxxxxxxxx27 M
Price To Book Value xxxxxxxxxxxx1.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20202021202220232024
Capex xxxxxxxxxxxx13.4 M
Capex % of Sales xxxxxxxxxxxx2.42 %
Cost of Goods Sold xxxxxxxxxxxx492 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxx0 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

0.0

No. Of Recommendations

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

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

12/11/2024

3

Downgrade to Hold from Add

$2.14

3.38%

Morgans increases its target for Silk Logistics to $2.14 from $2.00 to align with the offer price in the Scheme Implementation Agreement with DP World (Australia) Limited and considers it a credible offer.

The board unanimously recommends shareholders in Silk Logistics vote in favour of the proposed scheme.

Major shareholders controlling around 46% of shares on issue have already confirmed their intention to vote in favour of the scheme, notes the broker.

The rating is downgraded to Hold from Add.

FORECAST
Morgans forecasts a full year FY25 dividend of 5.10 cents and EPS of 13.70 cents.
Morgans forecasts a full year FY26 dividend of 6.90 cents and EPS of 17.10 cents.
Access Stockbroker Research History >
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

13/11/2024

3

Downgrade to Hold from Buy

$2.14

3.38%

Moelis notes Silk Logistics has entered into a binding Scheme Implementation Deed with DP World Australia for the proposed acquisition of 100% of the company's shares at $2.14.

The offer values the company at $174.5m, a significant premium to recent trading, the analyst notes, and Silk Logistics' board is recommending shareholders vote in favour of the proposal in the absence of a better offer.

No changes to the analyst's earnings forecasts.

The stock is downgraded to Hold from Buy with a higher target price of $2.14.

FORECAST
Moelis forecasts a full year FY25 dividend of 3.50 cents and EPS of 11.80 cents.
Moelis forecasts a full year FY26 dividend of 4.40 cents and EPS of 14.60 cents.
Access Extra Coverage Research History >

SLH STOCK CHART

FNArena News on SLH

1
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 15-11-24

Nov 15 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Nov 14, 2024

Nov 14 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 29-08-2024

Aug 29 2024 - Australia

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