SOUTHERN CROSS ELECTRICAL ENGINEERING LIMITED (SXE)
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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

$1.52

20 Dec
2024

-0.040

OPEN

$1.59

-2.56%

HIGH

$1.59

379,657

LOW

$1.52

TARGET
$2.175 43.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . CDD . 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 11.7 xxx
DPS (cps) xxx 6.0 7.0 xxx
EPS Growth xxx 8.5% 39.7% xxx
DPS Growth xxx 20.0% 16.7% xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 71.9% 60.1% xxx

Dividend yield today if purchased 3 years ago: 10.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.95

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 © 2024 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

17/12/2024

1

Buy

$2.25

48.03%

Southern Cross Electrical Engineering has reported two contract wins across multiple sectors worth over $225m in the last week, including in the data centre sector, Bell Potter highlights, along with additional healthcare projects in the Illawarra area.

Management expects FY25 earnings of at least $53m, with the broker forecasting just over 21% growth in earnings to $54.2m.

As contracts are completed over FY25, additional contract replenishment will be needed to support earnings run rates into FY26.

No changes to Bell Potter's earnings forecasts.

Buy rating and $2.25 target retained.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 7.00 cents and EPS of 11.90 cents.
Bell Potter forecasts a full year FY26 dividend of 8.00 cents and EPS of 12.60 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

26/08/2024

1

Buy

$2.10

38.16%

Southern Cross Electrical Engineering reported FY24 slightly ahead of expectations, Moelis assesses, with a boost from infrastructure growth.

The company's order book stands at $720m, a record. Infrastructure represents two-thirds with the balance split between commercial and resources. Some 93% of the work is in NSW, ACT and WA, the broker states.

Management reiterated guidance for FY25, with infrastructure the key driver of growth, the analyst notes. Buy rated. Target price adjusts to $2.10 from $1.94.

FORECAST
Moelis forecasts a full year FY25 dividend of 7.00 cents and EPS of 12.30 cents.
Moelis forecasts a full year FY26 dividend of 7.00 cents and EPS of 13.20 cents.
Access Extra Coverage Research History >

SXE STOCK CHART

FNArena News on SXE

1
Australian Broker Call *Extra* Edition – Aug 26, 2024

Aug 26 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 22-08-2024

Aug 22 2024 - Australia
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Rudi’s View: How To Invest Allan’s $300k, Part 2

Jul 25 2024 - Rudi's View
4
It’s Electric Under The Southern Cross

Jul 24 2024 - Small Caps
5
Australian Broker Call *Extra* Edition – Jul 03, 2024

Jul 03 2024 - Daily Market Reports

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