SERKO LIMITED (SKO)
Share Price Analysis and Chart

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SKO - SERKO LIMITED

FNArena Sector : Software & Services
Year End: March
GICS Industry Group : Software & Services
Debt/EBITDA: -0.49
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.34

20 Dec
2024

0.010

OPEN

$3.27

0.30%

HIGH

$3.34

5,706

LOW

$3.25

TARGET
$5.08 52.1% upside
OTHER COMPANIES IN THE SAME SECTOR
360 . ADA . AHI . ALC . AMX . ATA . BMT . COS . DOC . EVS . GTK . KYP . NET . NXL . QOR . RDY . UBN . VGL . XF1 . YOJ . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
SKO: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) - 8.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-12.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx63.7 M
Book Value Per Share xxxxxxxxxxxxxxx88.0
Net Operating Cash Flow xxxxxxxxxxxxxxx5.5 M
Net Profit Margin xxxxxxxxxxxxxxx-23.09 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-13.16 %
Return on Invested Capital xxxxxxxxxxxxxxx-13.00 %
Return on Assets xxxxxxxxxxxxxxx-11.73 %
Return on Equity xxxxxxxxxxxxxxx-13.16 %
Return on Total Capital xxxxxxxxxxxxxxx-17.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.2 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx1 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx74 M
Price To Book Value xxxxxxxxxxxxxxx4.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx10.6 M
Capex % of Sales xxxxxxxxxxxxxxx16.62 %
Cost of Goods Sold xxxxxxxxxxxxxxx69 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 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

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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

03/12/2024

1

Buy

$5.91

76.95%

Ord Minnett observes the 1H25 result from Serko was dominated by the acquisition of Sabre's GetThere Online Booking Tool for -US$12m, including performance payments.

The analyst notes GetThere is the second-largest booking tool in the North American market, with revenues of around US$20m per annum.

Under a five-year partnership agreement , Sabre will co-sell and co-market Serko's solutions in North America. Management has guided for revenue of $250m in FY30 and additional investment of -$40m for the Sabre deal.

The broker expects group cash flow to turn negative in FY25/FY26, with a turnaround in FY28.

Adjusting for the acquisition, Ord Minnett downgrades earnings forecasts "materially" and anticipates the new business will take four years to become EPS accretive. Buy rated with a $5.91 target price, up from $4.25 due to the long-date cash flow impact.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -12.02 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -4.77 cents.

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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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

Jarden

16/12/2024

2

Overweight

-

-

Jarden observes the recent pickup in Booking.com for Business activity as supportive of higher confidence in the unmanaged travel growth path, with recent acquisitions of GetThere and a partnership with Sabre de-risking 'single customer' risk for Serko.

The company hosted an investor day where management highlighted an acceleration in activity on Booking.com for Business, with better customer interaction on the tool as it scales.

No change to the Overweight rating or NZ$4.70 target price.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.38 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.18 cents.
Access Extra Coverage Research History >

SKO STOCK CHART

FNArena News on SKO

1
Australian Broker Call *Extra* Edition – Dec 16, 2024

Dec 16 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 09-12-2024

Dec 09 2024 - Australia
3
Australian Broker Call *Extra* Edition – Nov 01, 2024

Nov 01 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 07-06-2024

Jun 07 2024 - Australia
5
Next Week At A Glance – 27-31 May 2024

May 24 2024 - Weekly Reports

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