SRG GLOBAL LIMITED (SRG)
Share Price Analysis and Chart

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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
$2.65 14 Oct 2025	0.600 OPEN $2.32	29.27% HIGH $2.65	7,811,815 LOW $2.30

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$2.65

14 Oct
2025

0.600

OPEN

$2.32

29.27%

HIGH

$2.65

7,811,815

LOW

$2.30

TARGET

$2.917

+0.90 change from previous day

10.1% 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 . RUL . SGH . SXE . XRF .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY24 Actual	FY25 Actual	FY26 Forecast	FY27 Forecast
EPS (cps)	xxx	8.0	13.2	xxx
DPS (cps)	xxx	5.5	6.3	xxx
EPS Growth	xxx	21.6%	63.8%	xxx
DPS Growth	xxx	22.2%	13.9%	xxx
PE Ratio	xxx	N/A	19.8	xxx
Dividend Yield	xxx	N/A	2.4%	xxx
Div Pay Ratio(%)	xxx	68.4%	47.6%	xxx

Dividend yield today if purchased 3 years ago: 7.75%

DIVIDEND YIELD CALCULATOR

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: 14/03 - ex-div 2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2020	2021	2022	2023	2024	2025
EPS Basic	xxx	xxx	xxx	xxx	xxx	8.0
DPS All	xxx	xxx	xxx	xxx	xxx	5.5
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	1,323.3 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	65.0
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	94.9 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	3.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2020	2021	2022	2023	2024	2025
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	13.62 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	11.23 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	6.14 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	13.62 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	15.84 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	39.2 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	2020	2021	2022	2023	2024	2025
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	40 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	88 M
Total Debt	xxx	xxx	xxx	xxx	xxx	128 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	273 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	112 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	2.65

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2020	2021	2022	2023	2024	2025
Capex	xxx	xxx	xxx	xxx	xxx	28.4 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	2.14 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	1,206 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	45 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

0.8

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Morgans	xx/xx/xxxx	2	xxxxxxxxx xx xxxxxxxxxx xxxx xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Shaw and Partners	15/10/2025	1	Buy	$2.75	3.77%	Shaw and Partners notes the acquisition of Total Ams Pty Ltd by SRG Global for $85m, which is expected to add around 25% to EPS. Total Ams is an end-to-end diversified marine infrastructure services partner, and the acquisition is funded by cash/debt of $57.3m and issuance of shares at $1.99. The analyst also believes the addition, like the recent Diona acquisition, will enable SRG to pursue larger opportunities that may not have been available to them previously as a "standalone entity". Shaw and Partners raises its EPS forecasts by 20%, 26%, and 26% for FY26-FY28, respectively, and the discounted cash flow valuation rises to $2.75 from $2. A Buy rating is retained with the market cap of the stock around $800m lower than Monadelphous Group ((MND)) with forecast FY26 earnings (EBITDA) broadly the same. FORECAST Shaw and Partners forecasts a full year FY26 dividend of 6.80 cents and EPS of 13.70 cents. Shaw and Partners forecasts a full year FY27 dividend of 7.60 cents and EPS of 15.30 cents.
Bell Potter	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Morgans

xx/xx/xxxx

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Shaw and Partners

15/10/2025

Buy

$2.75

3.77%

Shaw and Partners notes the acquisition of Total Ams Pty Ltd by SRG Global for $85m, which is expected to add around 25% to EPS.

Total Ams is an end-to-end diversified marine infrastructure services partner, and the acquisition is funded by cash/debt of $57.3m and issuance of shares at $1.99.

The analyst also believes the addition, like the recent Diona acquisition, will enable SRG to pursue larger opportunities that may not have been available to them previously as a "standalone entity".

Shaw and Partners raises its EPS forecasts by 20%, 26%, and 26% for FY26-FY28, respectively, and the discounted cash flow valuation rises to $2.75 from $2.

A Buy rating is retained with the market cap of the stock around $800m lower than Monadelphous Group ((MND)) with forecast FY26 earnings (EBITDA) broadly the same.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 6.80 cents and EPS of 13.70 cents.
Shaw and Partners forecasts a full year FY27 dividend of 7.60 cents and EPS of 15.30 cents.

Bell Potter

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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	15/10/2025	1	Buy	$2.81	6.04%	SRG Global has acquired Total Tams Pty Ltd for $85m, bringing an end-to-end diversified marine infrastructure services partner with a 25-year history. Funding will consist of cash and debt of $57.3m, and $27.7m in shares will be issued to the vendors, with a two-year earn-out opportunity. Moelis upgrades its EPS estimates by 21% for FY26, 30% for FY27, and 32% for FY28, following management lifting earnings (EBITDA) guidance to at least $163m in FY26 with pro forma work in hand of $4.2bn and an opportunity pipeline of $11.5bn. Buy rating retained. The analyst’s target price is lifted to $2.81 from $2. FORECAST Moelis forecasts a full year FY26 dividend of 7.10 cents and EPS of 11.40 cents. Moelis forecasts a full year FY27 dividend of 8.40 cents and EPS of 13.60 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Moelis

15/10/2025

Buy

$2.81

6.04%

SRG Global has acquired Total Tams Pty Ltd for $85m, bringing an end-to-end diversified marine infrastructure services partner with a 25-year history.

Funding will consist of cash and debt of $57.3m, and $27.7m in shares will be issued to the vendors, with a two-year earn-out opportunity.

Moelis upgrades its EPS estimates by 21% for FY26, 30% for FY27, and 32% for FY28, following management lifting earnings (EBITDA) guidance to at least $163m in FY26 with pro forma work in hand of $4.2bn and an opportunity pipeline of $11.5bn.

Buy rating retained. The analyst’s target price is lifted to $2.81 from $2.

FORECAST
Moelis forecasts a full year FY26 dividend of 7.10 cents and EPS of 11.40 cents.
Moelis forecasts a full year FY27 dividend of 8.40 cents and EPS of 13.60 cents.

Access Extra Coverage Research History >

SRG STOCK CHART

FNArena News on SRG

1	Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits Sep 10 2025 - Rudi's View

2	Rudi’s View: A Glass Half-Full Outlook Sep 03 2025 - Rudi's View

3	Australian Broker Call Extra Edition – Aug 21, 2025 Aug 21 2025 - Daily Market Reports

4	FNArena Corporate Results Monitor – 20-08-2025 Aug 20 2025 - Australia

5	SRG Global: Building Australia Jul 10 2025 - Small Caps

Latest Mining Sector Contracting News

1	A Fresh Upgrade Cycle For Monadelphous? Sep 11 2025 - Australia

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3	Treasure Chest: Imdex Jul 31 2025 - Treasure Chest

4	Dyno Nobel Flicks The Switch To Blasting May 15 2025 - Australia

5	When The Cyclical Leg Up For Imdex? May 08 2025 - Commodities

6	Orica’s Transformation Proceeding Apace Mar 24 2025 - Australia

7	NRW Holdings: Navigating The OneSteel Risk Mar 05 2025 - Small Caps

8	Chrysos Corp’s Road Paved With Gold Jan 24 2025 - Small Caps

9	Orica Shares Eyeing $21 Dec 10 2024 - Technicals

10	Renewed Uptrend For Monadelphous Dec 03 2024 - Technicals

Dividend Yield Today On Last Actual Payout :	2.11
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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SRG GLOBAL LIMITED (SRG)
Share Price Analysis and Chart