SRG GLOBAL LIMITED (SRG)
Share Price Analysis and Chart

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SRG

SRG - SRG GLOBAL LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.08
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.86

02 Mar
2026

-0.040

OPEN

$2.85

-1.38%

HIGH

$2.89

3,079,768

LOW

$2.82

TARGET
$3.175 11.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IMD . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . SGH . SXE . VBC . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
SRG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 8.0 13.0 xxx
DPS (cps) xxx 5.5 6.5 xxx
EPS Growth xxx 21.6% 61.3% xxx
DPS Growth xxx 22.2% 17.6% xxx
PE Ratio xxx N/A 21.4 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx 68.4% 49.9% xxx

Dividend yield today if purchased 3 years ago: 7.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.98

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: 26/09 - ex-div 3.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx8.0
DPS All xxxxxxxxxxxxxxx5.5
Sales/Revenue xxxxxxxxxxxxxxx1,323.3 M
Book Value Per Share xxxxxxxxxxxxxxx65.0
Net Operating Cash Flow xxxxxxxxxxxxxxx94.9 M
Net Profit Margin xxxxxxxxxxxxxxx3.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.62 %
Return on Invested Capital xxxxxxxxxxxxxxx11.23 %
Return on Assets xxxxxxxxxxxxxxx6.14 %
Return on Equity xxxxxxxxxxxxxxx13.62 %
Return on Total Capital xxxxxxxxxxxxxxx15.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx39.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx40 M
Long Term Debt xxxxxxxxxxxxxxx88 M
Total Debt xxxxxxxxxxxxxxx128 M
Goodwill - Gross xxxxxxxxxxxxxxx273 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx112 M
Price To Book Value xxxxxxxxxxxxxxx2.65

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx28.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,206 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx45 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

18/02/2026

1

Buy

$3.15

10.14%

SRG Global reported underlying earnings up 20% year on year and -3% below Bell Potter's forecast. Upgraded earnings guidance implies a 1H/2H split of 43%/57% for FY26 (versus 46%/54% in FY24 and FY25).

A greater TAMS earnings contribution in the second half (compared with two months in first) helps bridge the variance in FY26 half year earnings splits with prior years, Bell Potter notes.

The upgraded FY26 guidance reinforces the broker's confidence in second half group performance following the modest first half miss to consensus expectations. Target rises to $3.15 from $3.00, Buy retained.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 6.50 cents and EPS of 12.80 cents.
Bell Potter forecasts a full year FY27 dividend of 7.00 cents and EPS of 14.50 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

18/02/2026

1

Buy

$3.15

10.14%

SRG Global delivered a solid 1H26 result with revenue and earnings (EBITDA) both up 20% y/y, while earnings (EBITDA) were broadly in line with Shaw and Partners' forecasts.

The analyst highlights the contribution from the recent TAMS and Diona acquisitions, estimating organic earnings (EBITDA) growth of around 8.5% once these are backed out.

The broker notes TAMS has started strongly, with revenue run-rating at circa $227m versus $200m pro forma at acquisition and earnings (EBIT) run-rating at around $42m versus $30m pro forma.

Management also upgraded FY26 guidance, lifting earnings (EBITDA) expectations to $164m–$168m.

Buy, High risk rating retained with unchanged target of $3.15 while flagging the prospect of S&P/ASX200 inclusion in March 2026 rebalancing.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 6.90 cents and EPS of 13.30 cents.
Shaw and Partners forecasts a full year FY27 dividend of 7.60 cents and EPS of 15.10 cents.
Access Extra Coverage Research History >

SRG STOCK CHART

FNArena News on SRG

1
Australian Broker Call *Extra* Edition – Feb 20, 2026

Feb 20 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 18-02-2026

Feb 18 2026 - Australia
3
Rudi’s View: February Favourites & Avoids

Jan 29 2026 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 23-01-26

Jan 27 2026 - Weekly Reports
5
Another Step-Change In Growth For SRG Global

Oct 22 2025 - Small Caps

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