SRG GLOBAL LIMITED (SRG)
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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

$1.95

01 Sep
2025

-0.020

OPEN

$1.97

-1.02%

HIGH

$2.00

2,797,386

LOW

$1.95

TARGET
$1.865 -4.4% downside
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 . RDG . RUL . SGH . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
SRG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 8.0 9.9 xxx
DPS (cps) xxx 5.5 6.1 xxx
EPS Growth xxx 21.6% 23.1% xxx
DPS Growth xxx 22.2% 10.5% xxx
PE Ratio xxx N/A 19.7 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 68.4% 61.4% xxx

Dividend yield today if purchased 3 years ago: 7.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.79

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

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.9

No. Of Recommendations

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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Morgans

20/08/2025

1

Buy

$2.10

7.69%

SRG Global delivered a strong FY25 result, assesses Morgans. Profit of $61m was up 51% year-on-year and EPS up 33%. Revenue grew 24% to $1.3bn, with Maintenance up 31% including Diona and Engineering & Construction up 22% organically.

Earnings (EBITDA) rose 29% to $127m with margins improving to 9.6%, while EBITA climbed 43% to $94m.

The broker notes Maintenance revenue (excluding specialist utilities and infrastructure services business Diona) rebounded strongly in the second half, up 11% year-on-year, while Diona itself exceeded expectations.

Contract wins of $850m lifted work-in-hand to $3.6bn, nearly three times annual revenue, providing solid visibility, highlights the analyst.

Looking ahead, Morgans points to multiple FY26 growth drivers including expansion of Diona’s SA Water contract, rising mining volumes from major gold customers, strong demand for water tanks, and potential exposure to Rio Tinto's ((RIO)) Pilbara capex.

Morgans makes small upgrades to FY26-27 forecasts and rolls forward its valuation. The broker raises its target price to $2.10 from $1.80 and retains a Buy rating.

FORECAST
Morgans forecasts a full year FY26 dividend of 5.50 cents and EPS of 11.00 cents.
Morgans forecasts a full year FY27 dividend of 6.00 cents and EPS of 12.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

21/08/2025

1

Buy

$2.00

2.56%

SRG Global delivered a solid FY25 result, according to Moelis, with earnings (EBITA) of $93.8m and profit of $53.7m, slightly ahead of the broker and consensus.

Normalised earnings (EBITDA) of $127.1m were in line with the analyst's forecast, with margins improving to 9.6% on a stronger Engineering & Construction performance.

Maintenance and Industrial Services delivered $121.3m in earnings at a 14% margin, including a strong $19m contribution from Diona, while Engineering & Construction achieved $36.2m at 7.9% margin.

A fully franked final dividend of 3c was declared, up 20% year-on-year.

FY26 guidance is for around 10% growth in earnings, supported by work in hand of $3.6bn and a steady pipeline of $8.5bn. Buy rating and $2.00 target price retained.

FORECAST
Moelis forecasts a full year FY26 dividend of 5.90 cents and EPS of 9.50 cents.
Moelis forecasts a full year FY27 dividend of 6.50 cents and EPS of 10.40 cents.
Access Extra Coverage Research History >

SRG STOCK CHART

FNArena News on SRG

1
Australian Broker Call *Extra* Edition – Aug 21, 2025

Aug 21 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 20-08-2025

Aug 20 2025 - Australia
3
SRG Global: Building Australia

Jul 10 2025 - Small Caps
4
Australian Broker Call *Extra* Edition – Jul 07, 2025

Jul 07 2025 - Daily Market Reports
5
SRG Global: Continued Re-Rating Ahead

May 16 2025 - Small Caps

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