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
$3.49 08 May 2025	0.000 OPEN $3.49	0.000 HIGH $3.49	0 LOW $3.49

TARGET

$5.08

45.6% upside

OTHER COMPANIES IN THE SAME SECTOR
360 . AHI . ALC . AMX . ATA . BMT . COS . DOC . EVS . GTK . KYP . NET . NXL . QOR . RDY . UBN . VGL . XF1 . YOJ .

FNARENA'S MARKET CONSENSUS FORECASTS

12 Month Avg FX Values

Present FX Values

Original Currency

Title	FY25 Forecast	FY26 Forecast
EPS (cps)	- 11.4	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

Title	FY25 Forecast	FY26 Forecast
EPS (cps)	- 11.5	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

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	- 13.0	- 12.5	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	N/A	N/A	xxx
Div Pay Ratio(%)	xxx	N/A	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

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 © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	-12.1
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	63.7 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	88.0
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	5.5 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-23.09 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	-13.16 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-13.00 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-11.73 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-13.16 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-17.00 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	5.2 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Total Debt	xxx	xxx	xxx	xxx	xxx	2 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	1 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	74 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	4.05

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Negative
Growth
Slowing

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	10.6 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	16.62 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	69 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	14 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Negative
Growth
Slowing

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
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EXPERT VIEWS

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Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Citi	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
Macquarie	05/12/2024	1	Outperform	-	-	Macquarie believes the acquisition of GetThere and partnerships with Booking Holdings and Sabre will boost Serko internationally, with potential upside for an earnings upgrade. The company's software has around 70% market share in A&NZ but remains low globally. The acquisition is expected to increase market share in North America, with the partnerships providing access to established brands, customer bases, and sales teams, the analyst states. Serko also announced a -NZ$40m accelerated investment program in addition to R&D spending of approximately -NZ$40m annually. Macquarie raises EPS estimates by 3% for FY25 and 11% for FY26 but remains below management's FY30 revenue target by -21%. Target price decreases to NZ$4.38 from NZ$5. Outperform rating unchanged. The company's Investor Day is scheduled for December 10. FORECAST Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -12.12 cents. Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -7.20 cents.
Ord Minnett	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

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Citi

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

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

05/12/2024

Outperform

Macquarie believes the acquisition of GetThere and partnerships with Booking Holdings and Sabre will boost Serko internationally, with potential upside for an earnings upgrade.

The company's software has around 70% market share in A&NZ but remains low globally. The acquisition is expected to increase market share in North America, with the partnerships providing access to established brands, customer bases, and sales teams, the analyst states.

Serko also announced a -NZ$40m accelerated investment program in addition to R&D spending of approximately -NZ$40m annually.

Macquarie raises EPS estimates by 3% for FY25 and 11% for FY26 but remains below management's FY30 revenue target by -21%.

Target price decreases to NZ$4.38 from NZ$5. Outperform rating unchanged. The company's Investor Day is scheduled for December 10.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -12.12 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -7.20 cents.

Ord Minnett

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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 -2.37 cents. Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.18 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Jarden

16/12/2024

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 -2.37 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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SERKO LIMITED (SKO)
Share Price Analysis and Chart