Silex Systems Limited (SLX)
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Essentials
Recent News Highlights
Half-yearly Performance & Estimates - SLX
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 19.4 | 9.2 | 0.06 | 4.7 | 16.2 | 28.0 | 70.0 |
| EBITDA, $m | -28.2 | -14.0 | -20.7 | -5.8 | 0.41 | -5.4 | 23.7 |
| EBIT, $m | -36.0 | -16.7 | -23.5 | -7.4 | -2.6 | -11.4 | 15.1 |
| Report NPAT, $m | -31.5 | -16.7 | -37.0 | -8.5 | 0.85 | ||
| Adj. NPAT, $m | 0.85 | -11.7 | 8.7 | ||||
| Reported EPS, ¢ | -20.00 | -10.00 | -22.00 | -5.00 | 1.00 | ||
| Adjusted EPS, ¢ | 1.00 | -6.65 | 5.00 | ||||
| EPS %FY/Growth | 45% | 10% | -500% | -105% | -765% | -175% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | - |
| EBITDA Margin | -1.15 | 0 | -336.6 | -1% | 3% | -19.3% | 33.9% |
| NPAT Margin | -1.27 | 0 | -598.5 | -2% | 6% | -41.8% | 12.4% |
| ROE, % | -20% | 0 | -30% | -7 | 1% | ||
| EBIT/Interest | 8.1 | 0.0 | 4.3 | -485.6 | 0.75 | ||
| Net Debt / Equity | -0.10 | 0 | -0.03 | -0.06 | -0.07 | ||
| CashFlow/Sh, ¢ | -18.0 | -5.8 | -9.5 | -6.0 | -5.9 | 0.20 | 6.5 |
| Y/E Shares, m | 170.2 | 170.2 | 170.2 | 170.3 | 170.3 |
| 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. |
Half-year Performance & Estimates - SLX
| Year-end June | 1H10A | FY10A | 1H11A | FY11A | 1H12A | FY12E | FY13E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 3.3 | 3.2 | 14.9 | 19.4 | 9.2 | 14.0 | 50.0 |
| EBITDA, $m | -7.5 | -18.3 | -8.7 | -28.2 | -14.0 | -23.0 | 10.8 |
| EBIT, $m | -8.4 | -20.6 | -10.4 | -36.0 | -16.7 | -38.8 | -8.9 |
| Report NPAT, $m | -8.4 | -19.1 | -10.5 | -31.5 | -16.7 | ||
| Adj. NPAT, $m | -16.7 | -26.4 | 3.3 | ||||
| Reported EPS, ¢ | -6.00 | -12.00 | -7.00 | -20.00 | -10.00 | ||
| Adjusted EPS, ¢ | -10.00 | -15.00 | 1.60 | ||||
| EPS %FY/Growth | 50% | 35% | 67% | 43% | -25% | -111% | |
| Dividend, ¢ | 0 | 0 | 0 | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - | - | - | - |
| EBITDA Margin | -5.81 | -5.81 | -5.81 | -1.15 | -135.9% | -164.3% | 21.6% |
| NPAT Margin | -5.75 | -5.75 | -5.75 | -1.27 | -162.1% | -188.6% | 6.6% |
| ROE, % | -24% | -24% | -24% | -20% | |||
| EBIT/Interest | 13.1 | 13.1 | 13.1 | 8.1 | ****** | ||
| Net Debt / Equity | -0.53 | -0.53 | -0.53 | -0.10 | 0.00 | ||
| CashFlow/Sh, ¢ | -2.7 | -9.5 | -8.6 | -18.0 | -5.8 | -7.0 | -2.0 |
| Y/E Shares, m | 146.1 | 149.1 | 166.2 | 170.2 | 170.2 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Company Overview
Profile
Silex Systems
Rating:
Category: Spec Stock ; Midcaps
Action:
Website: www.silex.com.au
| ASX code: | SLX |
| Closing Price, 30/12/2013: | $ 2.290 |
| Market Capitalisation: | $ 388 million |
| 52 Week High: | $ 3.45 |
| 52 Week Low: | $ 2.00 |
| Sector: | Semiconductors |
| Index: | S&P/ASX 300 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | -37.0 | 0.85 | -12.2 | 14.0 |
| Reported EPS, ¢ | -22.00 | 1.00 | ||
| Adjusted EPS, ¢ | -0.10 | -6.30 | 8.00 | |
| EPS Growth, % | 10% | -100% | 6200% | -227% |
| P/E Ratio, x | -10.41 | -2290.00 | -36.35 | 28.63 |
| Dividend, ¢ | 0 | 0 | 0.00 | 0.00 |
| Franking, % | - | - | - | - |
| Div. Yield, % | 0.00 | 0.00 | 0.00 | 0.00 |
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: | Semiconductors |
| Return on Equity, FY13 : | 1% |
| Net Debt to Equity, FY13 : | -7 % |
| EBIT / Interest Cover, FY13 : | 0.75 x |
| Gicscode: | 45301020 |
| First Listed: | 7-May-98 |
Business Activities
Silex Systems Limited (SLX) is an R&D company which holds proprietary rights in advanced technologies, including notably the SILEX technology for uranium enrichment. It also produces solar cells and is developing large solar power facililities.
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 |