Slater & Gordon Limited (SGH)
Views and News
Essentials
Recent News Highlights
Half-yearly Performance & Estimates - SGH
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 178.1 | 99.5 | 213.9 | 143.5 | 292.7 | 365.0 | 404.0 |
| EBITDA, $m | 48.6 | 21.6 | 45.7 | 34.1 | 72.7 | 89.1 | 99.8 |
| EBIT, $m | 45.8 | 20.0 | 42.0 | 31.6 | 67.7 | 83.4 | 93.0 |
| Report NPAT, $m | 28.0 | 11.9 | 25.0 | 19.1 | 42.0 | ||
| Adj. NPAT, $m | 42.0 | 54.5 | 62.2 | ||||
| Reported EPS, ¢ | 18.00 | 8.00 | 16.00 | 11.00 | 24.00 | ||
| Adjusted EPS, ¢ | 24.00 | 27.40 | 30.70 | ||||
| EPS %FY/Growth | 50% | -11% | 46% | 50% | 14% | 12% | |
| Dividend, ¢ | 5.5 | 2.5 | 6.0 | 2.75 | 6.6 | 7.65 | 9.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 27% | 0 | 21% | 24% | 25% | 24.4% | 24.7% |
| NPAT Margin | 15% | 0 | 12% | 13% | 14% | 14.9% | 15.4% |
| ROE, % | 14% | 0 | 10% | 7 | 12% | ||
| EBIT/Interest | 10.8 | 0.0 | 7.6 | 7.73 | 10.79 | ||
| Net Debt / Equity | 0.22 | 0 | 0.43 | 0.41 | 0.09 | ||
| CashFlow/Sh, ¢ | 13.8 | 2.7 | 10.0 | 10.3 | 18.9 | 19.6 | 26.3 |
| Y/E Shares, m | 149.2 | 151.8 | 168.6 | 170.6 | 197.2 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Company Overview
Russell Research in the media
Stock Picks for Sunday Herald Sun – 4 November 2012
HOLD SMS Management and Technology Limited, SMX, $4.95
This strong IT consultant fell 20% on a guidance downgrade. Well priced for a 5 per cent yield.
Wave Chart
Profile
Slater & Gordon
Rating:
Category: Potent Stock ; Midcaps
Action:
Website: http://www.slatergordon.com.au
| ASX code: | SGH |
| Closing Price, 30/12/2013: | $ 4.630 |
| Market Capitalisation: | $ 933 million |
| 52 Week High: | $ 4.67 |
| 52 Week Low: | $ 2.06 |
| Sector: | Specialized Consumer Services |
| Index: | S&P/ASX 200 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 25.0 | 42.0 | 55.8 | 63.7 |
| Reported EPS, ¢ | 16.00 | 24.00 | ||
| Adjusted EPS, ¢ | 23.80 | 27.80 | 31.20 | |
| EPS Growth, % | -11% | 49% | 17% | 12% |
| P/E Ratio, x | 28.94 | 19.45 | 16.65 | 14.84 |
| Dividend, ¢ | 6.0 | 6.6 | 8.00 | 9.65 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 1.30 | 1.43 | 1.73 | 2.08 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Specialized Consumer Services |
| Return on Equity, FY13 : | 12% |
| Net Debt to Equity, FY13 : | 9 % |
| EBIT / Interest Cover, FY13 : | 10.79 x |
| Gicscode: | 25302020 |
| First Listed: | 21-May-07 |
Business Activities
Slater & Gordon Limited (SGH) is an Australian law firm specialising in insurance claims, commercial, family and asbestos-related law. It has some 70 offices in Australia and over ten in the United Kingdom, where it has been expanding.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |