Skilled Engineering Limited (SKE)
Views and News
Essentials
Half-year Performance & Estimates - SKE
| Year-end June | 1H12A | FY12A | 1H13A | FY13A | 1H14A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 933.0 | 1,890 | 971.8 | 1,868 | 903.9 | 1,868 | 2,02 |
| EBITDA, $m | 43.9 | 96.0 | 48.9 | 95.1 | 42.2 | 96.3 | 108.1 |
| EBIT, $m | 36.5 | 82.6 | 43.3 | 84.8 | 35.1 | 82.8 | 93.0 |
| Report NPAT, $m | 25.0 | 56.9 | 29.2 | 58.5 | 21.7 | ||
| Adj. NPAT, $m | 21.7 | 54.6 | 61.7 | ||||
| Reported EPS, ¢ | 10.00 | 24.00 | 12.00 | 24.00 | 9.00 | ||
| Adjusted EPS, ¢ | 9.00 | 23.15 | 25.95 | ||||
| EPS %FY/Growth | 42% | 50% | 0% | -25% | -4% | 12% | |
| Dividend, ¢ | 5.0 | 13.0 | 7.0 | 16.0 | 7.5 | 16.75 | 18.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 0 | 5% | 5% | 5% | 5% | 5.2% | 53.5% |
| NPAT Margin | 0 | 3% | 3% | 3% | 2% | 2.9% | 30.5% |
| ROE, % | 0 | 13% | 6% | 12% | 5% | ||
| EBIT/Interest | 0.0 | 10.2 | 21.6 | 22.4 | 8.47 | ||
| Net Debt / Equity | 0 | 0.06 | 0.15 | 0.10 | 0.28 | ||
| CashFlow/Sh, ¢ | 17.7 | 43.6 | -1.7 | 26.5 | 0.6 | 25.8 | 25.2 |
| Y/E Shares, m | 349.4 | 233.5 | 233.5 | 233.6 | 233.9 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios. |
Recent News Highlights
Russell Research in the Media
Stock Picks for Sunday Herald Sun – 30 June 2013
HOLD Skilled Group Limited, SKE, $2.57
The proven workforce services provider is showing steady focus on growth areas. A recent price fall and 6 per cent franked yield attract.
Wave Chart
Company Overview
Profile
Skilled Group
Rating:
Category: Potent Stock ; Midcaps
Action:
Website: www.skilledgroup.com.au
| ASX code: | SKE |
| Closing Price, 20/06/14: | $ 2.330 |
| Market Capitalisation: | $ 548 million |
| 52 Week High: | $ 3.98 |
| 52 Week Low: | $ 2.16 |
| Sector: | Human Resource & Employment Services |
| Index: | S&P/ASX 200 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 56.9 | 58.5 | 54.6 | 61.7 |
| Reported EPS, ¢ | 24.00 | 24.00 | ||
| Adjusted EPS, ¢ | 58.44 | 23.15 | 25.95 | |
| EPS Growth, % | 50% | 144% | -60% | 12% |
| P/E Ratio, x | 9.71 | 3.99 | 10.06 | 8.98 |
| Dividend, ¢ | 13.0 | 16.0 | 16.75 | 18.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 5.58 | 6.87 | 7.19 | 7.73 |
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 23 June 2014
Other Highlights
| Sector: | Human Resource & Employment Services |
| Return on Equity, FY13 : | 12% |
| Net Debt to Equity, FY13 : | 10 % |
| EBIT / Interest Cover, FY13 : | 22.44 x |
| Gicscode: | 20202010 |
| First Listed: | 27-Jul-94 |
Business Activities
Skilled Group Limited (SKE) is one of Australia and New Zealand’s largest providers of labour and workforce services. It provides total workforce management, flexible labour solutions and project-based workforce solutions.
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 |