Southern Cross Electrical Engineering Ltd

Chart & Performance

D1W1MN

P/E

18.69

P/S

0.74

EPS

0.08

Div Yield, %

3.10%

Shrs. gr., 5y

2.57%

Rev. gr., 5y

7.41%

Revenues

552m

+18.76%

Net income

22m

+9.08%

CFO

38m

-22.02%

Dividend

Sep 24, 20240.05 AUD/sh

Earnings

Feb 25, 2025

Profile

Southern Cross Electrical Engineering Limited provides electrical, instrumentation, communication, and maintenance services in Australia. It offers electrical and instrumentation (E&I) construction services, which include installation and commissioning of greenfield and brownfield upgrade projects in metropolitan, remote, and challenging environments. The company also provides fixed plant E&I construction; distribution and transmission line installation; substations, transformer, and switchyard installations; HV, LV control, instrument, and communication cabling and terminations; auditing, rectifications, and completions; constructability reviews; primary and secondary injection protection testing; instrumentation, loop checking, and calibrations; hazardous area installations; instrument air and tubing installation; procurement and logistics management; pre-commissioning, completions, and start-ups; and comprehensive handover documentation services. In addition, it offers E&I services and maintenance, such as brownfields operational support, programed and breakdown maintenance, planned shutdown management, and sustaining capital project development services; and in-house design and construct capability, asset life cycle management, hazardous area auditing and verification, procurement, and inspection and testing services. Further, the company provides communications services, including integration and installation of communications technologies comprising communication equipment, data cabling, and fiber optics. It serves mining, and oil and gas; industrial, utilities, and energy; telecommunications and data centers; commercial developments; and public infrastructure and defense. The company was founded in 1978 and is based in Perth, Australia.

URL

http://www.scee.com.au/

IPO date

Nov 28, 2007

Employees

1,400

Domiciled in

Incorporated in

Valuation

Order:

Title AUD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title AUD in thousands, except ratios and share amounts	2024‑06	2023‑06	2022‑06	2021‑06	2020‑06	2019‑06	2018‑06	2017‑06	2016‑06	2015‑06
Income
Revenues	551,870 18.76%	464,708 -16.01%	553,280 49.45%
Cost of revenue	516,368	433,445	524,525
Unusual Expense (Income)
NOPBT	35,502	31,263	28,755
NOPBT Margin	6.43%	6.73%	5.20%
Operating Taxes	9,764	8,944	7,111
Tax Rate	27.50%	28.61%	24.73%
NOPAT	25,738	22,319	21,644
Net income	21,915 9.08%	20,091 31.58%	15,269 10.96%
Dividends	(12,688)	(12,749)	(12,694)
Dividend yield	2.74%	7.21%	8.47%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	3,564	2,626	2,145
Long-term debt	12,628	15,584	17,632
Deferred revenue			(1)
Other long-term liabilities	22,566	879	7,857
Net debt	(67,891)	(59,442)	(33,306)
Cash flow
Cash from operating activities	37,565	48,171	29,674
CAPEX	(3,621)	(3,280)	(3,481)
Cash from investing activities	(15,638)	(8,033)	(12,032)
Cash from financing activities	(15,496)	(15,569)	(15,565)
FCF	27,210	40,016	19,515
Balance
Cash	84,083	77,652	53,083
Long term investments
Excess cash	56,490	54,417	25,419
Stockholders' equity	191,161	182,099	174,288
Invested Capital	165,334	138,979	167,534
ROIC	16.92%	14.56%	13.55%
ROCE	16.00%	15.90%	14.12%
EV
Common stock shares outstanding	267,256	263,972	253,951
Price	1.73 158.21%	0.67 13.56%	0.59 9.26%
Market cap	462,353 161.42%	176,861 18.04%	149,831 6.31%
EV	394,462	117,419	116,525
EBITDA	42,947	39,917	37,421
EV/EBITDA	9.18	2.94	3.11
Interest	3,020	1,551	1,734
Interest/NOPBT	8.51%	4.96%	6.03%