SG FLEET GROUP LIMITED (SGF)
Share Price Analysis and Chart

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SGF - SG FLEET GROUP LIMITED

FNArena Sector : Vehicle Leasing & Salary Packaging
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 36.5
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.68

01 Nov
2024

-0.030

OPEN

$2.70

-1.11%

HIGH

$2.70

149,214

LOW

$2.67

TARGET
$3.39 26.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
FPR . MMS . SIQ .
FNARENA'S MARKET CONSENSUS FORECASTS
SGF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 26.2 26.6 xxx
DPS (cps) xxx 33.9 17.2 xxx
EPS Growth xxx 19.2% 1.4% xxx
DPS Growth xxx 100.0% - 49.5% xxx
PE Ratio xxx N/A 10.1 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 129.4% 64.5% xxx

Dividend yield today if purchased 3 years ago: 13.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 12.66

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: 10/09 - ex-div 24.33c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx26.2
DPS All xxxxxxxxxxxxxxx33.9
Sales/Revenue xxxxxxxxxxxxxxx737.7 M
Book Value Per Share xxxxxxxxxxxxxxx173.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-195.8 M
Net Profit Margin xxxxxxxxxxxxxxx12.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx15.40 %
Return on Invested Capital xxxxxxxxxxxxxxx4.83 %
Return on Assets xxxxxxxxxxxxxxx2.90 %
Return on Equity xxxxxxxxxxxxxxx15.40 %
Return on Total Capital xxxxxxxxxxxxxxx-6.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-260.4 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 xxxxxxxxxxxxxxx587 M
Long Term Debt xxxxxxxxxxxxxxx1,448 M
Total Debt xxxxxxxxxxxxxxx2,035 M
Goodwill - Gross xxxxxxxxxxxxxxx523 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx391 M
Price To Book Value xxxxxxxxxxxxxxx1.91

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx18.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx860 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx46 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx23 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

28/08/2024

1

Overweight

$3.60

34.33%

Morgan Stanley assesses SG Fleet provided a strong FY24 result and guidance for FY25 of $88-95m for net profit is ahead of expectations, albeit lower than consensus anticipated and hence the stock fell.

On further analysis, guidance implies a shift towards higher quality earnings with the FY26 trajectory underpinned by cost and revenue synergies.

The broker finds the valuation undemanding and while EPS for FY25 will head lower, this is in part affected by temporary headwinds and FY26 should rebound.

Overweight rating is maintained. Target is $3.60. Industry View: In-line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 17.20 cents and EPS of 27.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 19.70 cents and EPS of 30.00 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

Canaccord Genuity

02/09/2024

1

Buy

$3.55

32.46%

Canaccord Genuity notes a strong FY24 result from SG Fleet with very strong cash flow that supported a special dividend and reduction in corporate debt.

The broker attributes the slump in the stock price to the weaker-than-expected new guidance for net profit in a $88-95m range for FY25.

The reaction appears overdone, the broker asserts, as underlying momentum in the business remains positive and most of the expected decline versus expectations was due to an interest rate swap reset.

Buy rating unchanged. Target edges down to $3.55 from $3.65.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 17.40 cents and EPS of 26.80 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 19.20 cents and EPS of 29.60 cents.
Access Extra Coverage Research History >

SGF STOCK CHART

FNArena News on SGF

1
Next Week At A Glance – 30 Sep-4 Oct 2024

Sep 27 2024 - Weekly Reports
2
Next Week At A Glance – 9-13 Sep 2024

Sep 06 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 04, 2024

Sep 04 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 28-08-2024

Aug 28 2024 - Australia
5
Australian Broker Call *Extra* Edition – Aug 01, 2024

Aug 01 2024 - Daily Market Reports

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