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

$2.65

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
SRG: 1
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

Dividend Yield Today On Last Actual Payout :

2.11

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

0.8

No. Of Recommendations

3
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.
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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%

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Login above or Get a Free Trial

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

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.

SRG STOCK CHART