SERVICE STREAM LIMITED (SSM)
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SSM

SSM - SERVICE STREAM LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.06
Index: ASX300 | ALL-ORDS

Service Stream is an Australian provider of services to the telecommunication and utilities industries. Services include design and construction of networks, renewable energy infrastructure and environmental services for utilities. It listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.79

21 Mar
2025

0.020

OPEN

$1.77

1.13%

HIGH

$1.79

2,960,415

LOW

$1.75

TARGET
$1.933 8.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . EGN . EVS . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SHA . SND . SYL . VEE . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
SSM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 5.3 10.7 xxx
DPS (cps) xxx 4.5 5.4 xxx
EPS Growth xxx 100.0% 100.0% xxx
DPS Growth xxx 100.0% 20.0% xxx
PE Ratio xxx N/A 16.8 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 85.7% 50.6% xxx

Dividend yield today if purchased 3 years ago: 4.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.51

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: 18/09 - ex-div 2.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx5.3
DPS All xxxxxxxxxxxxxxx4.5
Sales/Revenue xxxxxxxxxxxxxxx2,288.8 M
Book Value Per Share xxxxxxxxxxxxxxx78.4
Net Operating Cash Flow xxxxxxxxxxxxxxx97.2 M
Net Profit Margin xxxxxxxxxxxxxxx1.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.83 %
Return on Invested Capital xxxxxxxxxxxxxxx5.41 %
Return on Assets xxxxxxxxxxxxxxx3.02 %
Return on Equity xxxxxxxxxxxxxxx6.83 %
Return on Total Capital xxxxxxxxxxxxxxx8.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx70.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx21 M
Long Term Debt xxxxxxxxxxxxxxx96 M
Total Debt xxxxxxxxxxxxxxx117 M
Goodwill - Gross xxxxxxxxxxxxxxx299 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx63 M
Price To Book Value xxxxxxxxxxxxxxx1.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx10.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,131 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx106 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx10 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

03/03/2025

1

Upgrade to Buy from Hold

$1.94

8.38%

Service Stream secured an extension of its contract with NBN Co for $1.9bn over five years, and has now rolled over all major and material customer agreements, Ord Minnett highlights.

The broker had assumed the NBN contract in its forecasts, so the confirmation is a de-risking event. The broker reckons the company's earnings trajectory is positive for the 2H and into FY26.

Target price rises to $1.94 from $1.78. Rating upgraded to Buy from Hold.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 5.50 cents and EPS of 10.80 cents.
Ord Minnett forecasts a full year FY26 dividend of 6.00 cents and EPS of 11.30 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$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

Canaccord Genuity

07/03/2025

1

Buy

$1.95

8.94%

Service Stream has effectively secured a five-year extension to its contract with NBN Co worth $1.9bn. The contract replaces two existing agreements that were due to expire in September.

No changes to forecasts but Canaccord Genuity sees potential for margin pressure in year one of the contract, and will also monitor momentum in the telco division.

Target price is $1.95. Buy rating maintained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 5.00 cents and EPS of 11.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 7.00 cents and EPS of 12.00 cents.
Access Extra Coverage Research History >

SSM STOCK CHART

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