Steamships Trading Company Ltd

Chart & Performance

D1W1MN

P/E

18.67

P/S

1.57

EPS

1.88

Div Yield, %

7.74%

Shrs. gr., 5y

—

Rev. gr., 5y

4.31%

Revenues

535m

-15.26%

Net income

58m

+0.27%

CFO

104m

-32.43%

Dividend

Sep 30, 20240.12878 AUD/sh

Earnings

Feb 26, 2025

Profile

Steamships Trading Company Limited engages in the shipping, transport, property, and hotel businesses in Papua New Guinea. The company operates through three segments: Hotels and Property, Logistics, and Commercial and Investment. It offers scheduled services to manufacturers, wholesalers, and liner carriers; depot services comprising equipment hire, warehousing, and bonded or unbonded yard storage; short and long term vessel charters specialized in shallow water river shipping; and develops, implements, and supports intermodal logistics solutions linked to land-based services, such as road transport, cargo handling, storage, customs clearance, lay down areas, and warehousing. The company also provides services, which include towage, moorage, salvage, commercial diving, and life rafts. In addition, it operates a fleet of prime movers, heavy and light trucks, forklifts, and reach stackers for the transport of bulk fuel, containerized cargoes, and break-bulk cargoes; offers customs cargo clearance service in Lae and Port Moresby; and provides project solutions for the mining, oil and gas, and commercial sectors. Further, the company manages eight hotel, and residence and apartment properties; operates food and beverage outlets; and develops and holds residential, commercial, retail, and industrial properties. Additionally, it is involved in the commercial and insurance activities. Steamships Trading Company Limited operates a fleet of 10 coastal vessels; and 15 tugs and 10 associated support vessels. The company was incorporated in 1918 and is headquartered in Port Moresby, Papua New Guinea. Steamships Trading Company Limited is a subsidiary of John Swire & Sons (PNG) Limited.

URL

http://www.steamships.com.pg/

IPO date

Jun 30, 1962

Employees

2,705

Domiciled in

Incorporated in

Valuation

Order:

Title PGK in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title PGK in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	534,930 -15.26%	631,262 11.94%	563,929 4.35%
Cost of revenue	307,509	262,214	245,931
Unusual Expense (Income)
NOPBT	227,421	369,048	317,998
NOPBT Margin	42.51%	58.46%	56.39%
Operating Taxes	25,722	26,633	1,694
Tax Rate	11.31%	7.22%	0.53%
NOPAT	201,699	342,415	316,304
Net income	58,144 0.27%	57,985 -35.96%	90,550 14.83%
Dividends	(33,113)
Dividend yield
Proceeds from repurchase of equity
BB yield
Debt
Debt current	37,333	242,849	55,858
Long-term debt	498,345	137,157	330,528
Deferred revenue		1	2
Other long-term liabilities	39,277	10,576	9,928
Net debt	80,005	281,112	283,231
Cash flow
Cash from operating activities	103,559	153,264	71,102
CAPEX	(222,769)	(129,152)	(104,988)
Cash from investing activities	(248,814)		(149,064)
Cash from financing activities	118,250
FCF	481,295	330,745	305,361
Balance
Cash	28,804	53,436	63,788
Long term investments	426,869	45,458	39,367
Excess cash	428,926	67,331	74,959
Stockholders' equity	3,658,004	2,046,879	1,020,929
Invested Capital	1,157,842	1,307,408	1,280,730
ROIC	16.36%	26.46%	25.54%
ROCE	14.33%	26.38%	23.14%
EV
Common stock shares outstanding	31,008	31,008	31,008
Price
Market cap
EV
EBITDA	227,421	464,327	353,568
EV/EBITDA
Interest	15,826	1,175	4,018
Interest/NOPBT	6.96%	0.32%	1.26%