SILK LOGISTICS HOLDINGS LIMITED (SLH)
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SLH - SILK LOGISTICS HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 4.2
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.31

01 Nov
2024

0.005

OPEN

$1.33

0.38%

HIGH

$1.33

30,573

LOW

$1.30

TARGET
$2.05 56.5% upside
Franking for last dividend paid out: 100%
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ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . QUB . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
SLH: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 9.2 13.0 xxx
DPS (cps) xxx 4.2 5.2 xxx
EPS Growth xxx - 56.0% 41.5% xxx
DPS Growth xxx - 49.3% 22.6% xxx
PE Ratio xxx N/A 10.1 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 46.3% 40.2% xxx

Dividend yield today if purchased 3 years ago: 1.90%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.24

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: 01/03 - ex-div 2.82c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 20202021202220232024
EPS Basic xxxxxxxxxxxx9.2
DPS All xxxxxxxxxxxx4.2
Sales/Revenue xxxxxxxxxxxx556.4 M
Book Value Per Share xxxxxxxxxxxx101.0
Net Operating Cash Flow xxxxxxxxxxxx79.0 M
Net Profit Margin xxxxxxxxxxxx1.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20202021202220232024
Return on Capital Employed xxxxxxxxxxxx9.40 %
Return on Invested Capital xxxxxxxxxxxx2.33 %
Return on Assets xxxxxxxxxxxx1.43 %
Return on Equity xxxxxxxxxxxx9.40 %
Return on Total Capital xxxxxxxxxxxx7.54 %
Free Cash Flow ex dividends xxxxxxxxxxxx60.8 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 20202021202220232024
Short-Term Debt xxxxxxxxxxxx62 M
Long Term Debt xxxxxxxxxxxx321 M
Total Debt xxxxxxxxxxxx382 M
Goodwill - Gross xxxxxxxxxxxx80 M
Cash & Equivalents - Generic xxxxxxxxxxxx27 M
Price To Book Value xxxxxxxxxxxx1.34

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20202021202220232024
Capex xxxxxxxxxxxx13.4 M
Capex % of Sales xxxxxxxxxxxx2.42 %
Cost of Goods Sold xxxxxxxxxxxx492 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxx0 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%

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Morgans

29/08/2024

1

Add

$2.00

52.67%

While FY24 underlying earnings (EBITDA) and revenue for Silk Logistics were in line with expectations, underlying profit of $11.5m missed Morgans' $13.2m forecast due to higher interest costs.

As a result of higher forecasts for D&A expenses and interest costs, the broker's target falls to $2.00 from $2.10, while the Add rating is maintained.

For FY25, management expects to deliver growth in revenue and earnings during FY25, with a focus on driving organic growth across the group.

FORECAST
Morgans forecasts a full year FY25 dividend of 5.50 cents and EPS of 13.70 cents.
Morgans forecasts a full year FY26 dividend of 6.90 cents and EPS of 17.10 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

02/09/2024

1

Buy

$1.67

27.48%

Higher depreciation and interest charges underpinned a FY24 net profit miss for Silk Logistics,

Moelis highlights revenue growth was helped by the Secon acquisition and represented most of the top line growth. 

New business wins came in at $44.1m with an increase in trading customers.

In FY25 management are looking to organic growth from new business wins and a larger share of the customer wallet.

Moelis cuts the EPS forecasts for higher depreciation charges and interest costs.

Target price falls to $1.67 from $1.87. Buy rating unchanged.

FORECAST
Moelis forecasts a full year FY25 dividend of 3.50 cents and EPS of 11.80 cents.
Moelis forecasts a full year FY26 dividend of 4.40 cents and EPS of 14.60 cents.
Access Extra Coverage Research History >

SLH STOCK CHART

FNArena News on SLH

1
Australian Broker Call *Extra* Edition – Sep 02, 2024

Sep 02 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 29-08-2024

Aug 29 2024 - Australia
3
Australian Broker Call *Extra* Edition – Jul 03, 2024

Jul 03 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 28-02-2024

Feb 28 2024 - Australia
5
Australian Broker Call *Extra* Edition – Oct 02, 2023

Oct 02 2023 - Daily Market Reports

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