SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED (SXE)
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SXE

SXE - SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.19
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.855

20 Feb
2025

0.085

OPEN

$1.78

4.80%

HIGH

$1.91

1,585,487

LOW

$1.78

TARGET
$2.275 22.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DOW . EHL . GNG . IMD . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SGH . SRG . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
SXE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.3 12.5 xxx
DPS (cps) xxx 6.0 8.3 xxx
EPS Growth xxx 8.5% 49.3% xxx
DPS Growth xxx 20.0% 37.5% xxx
PE Ratio xxx N/A 14.4 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 71.9% 66.3% xxx

Dividend yield today if purchased 3 years ago: 10.71%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.34

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: 24/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.3
DPS All xxxxxxxxxxxxxxx6.0
Sales/Revenue xxxxxxxxxxxxxxx551.9 M
Book Value Per Share xxxxxxxxxxxxxxx72.6
Net Operating Cash Flow xxxxxxxxxxxxxxx37.6 M
Net Profit Margin xxxxxxxxxxxxxxx3.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.74 %
Return on Invested Capital xxxxxxxxxxxxxxx11.37 %
Return on Assets xxxxxxxxxxxxxxx6.25 %
Return on Equity xxxxxxxxxxxxxxx11.74 %
Return on Total Capital xxxxxxxxxxxxxxx18.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx21.3 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 xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx8 M
Goodwill - Gross xxxxxxxxxxxxxxx119 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx84 M
Price To Book Value xxxxxxxxxxxxxxx2.38

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx500 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx16 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

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

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

Bell Potter

20/02/2025

1

Buy

$2.30

23.99%

Southern Cross Electrical Engineering's 1H underlying earnings (EBITDA) of $27.1m exceeded Bell Potter's $23.9m forecast and consensus at $25m.

The gross profit margin was weaker-than-expected by the analysts due to -$3.0m in litigation costs from the WestConnex arbitration and an unfavourable project mix shift in the commercial sector to lower-margin work.

More positively, the broker highlights strong operating leverage, with overheads as a percentage of revenue declining to 6% from 8.1% in the prior corresponding period.

Bell Potter raises the target to $2.30 from $2.25 and maintains a Buy rating.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 8.00 cents and EPS of 12.30 cents.
Bell Potter forecasts a full year FY26 dividend of 8.00 cents and EPS of 13.30 cents.
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

20/02/2025

1

Buy

$2.10

13.21%

No change to Moelis' EPS estimates despite Southern Cross Electrical Engineering posting record 1H25 result , beating the broker's forecast on both EBITDA and net profit.

The broker notes pipeline conversion and continued strong growth in infrastructure work represent upside risks to its outer year forecasts.

Target price of $2.1 and Buy rating are unchanged.

FORECAST
Moelis forecasts a full year FY25 dividend of 7.50 cents and EPS of 12.30 cents.
Moelis forecasts a full year FY26 dividend of 7.50 cents and EPS of 13.20 cents.
Access Extra Coverage Research History >

SXE STOCK CHART

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