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

$1.735

15 Apr
2025

0.020

OPEN

$1.72

1.17%

HIGH

$1.75

354,266

LOW

$1.68

TARGET
$2.45 41.2% 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 . 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 14.1 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 71.9% 66.3% xxx

Dividend yield today if purchased 3 years ago: 8.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.41

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.
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Bell Potter

01/04/2025

1

Buy

$2.50

44.09%

Southern Cross Electrical Engineering is acquiring 100% of Force Fire Holdings for up to -$53.5m cash, with the transaction expected to complete on April 1.

The deal involves a -$36.3m cash payment to all vendors, -$5.2m in deferred payments and up to -$12.0m in contingent payments, and will be funded from the company's cash position ($114.8m on December 31).

Bell Potter believes the deal valuation is attractive, noting scope for cross-selling opportunities. The broker lifted FY25 and FY26 EPS forecasts by 20% and 25%, respectively.

Buy maintained. Target price rises to $2.50 from $2.30.

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 15.90 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

03/04/2025

1

Buy

$2.20

26.80%

Moelis has raised FY26-27 EBITDA and EPS forecasts for Southern Cross Electrical Engineering following its acquisition of Force Fire Holdings.

The purchase price is up to -$53.5m, made up of -$36.3m cash payment now and deferred and contingent payments later.

The company expects at least 18% EPS accretion on a FY25 proforma basis and the broker has mirrored this with an 18% lift in FY26 and FY27 EPS forecasts.

EBITDA forecast for FY26 was raised by 17% and for FY27 by 18%. Buy retained. Target rises to $2.20 from $2.10.

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 15.50 cents.
Access Extra Coverage Research History >

SXE STOCK CHART

FNArena News on SXE

1
Next Week At A Glance – 7-11 Apr 2025

Apr 04 2025 - Weekly Reports
2
Southern Cross Electrical Adding Fire As Fuel

Apr 04 2025 - Small Caps
3
Australian Broker Call *Extra* Edition – Apr 03, 2025

Apr 03 2025 - Daily Market Reports
4
Rudi’s View: Time For Appreciating Quality

Apr 02 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – Feb 24, 2025

Feb 24 2025 - Daily Market Reports

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