Significant improvement continues, looking at the trend for EBITDA : - 3.2 m AUD for H1 23, - 0.2 m AUD for H2 23 and + 5.1 m AUD for EBITDA (continuing operation) for Q1 23.
It seems to be quite a solid recovery as it is based on 3 elements :
- large cost savings (12 m AUD expected),
- price increase and less inflation for material costs,
- less fixed price contracts, which seemed to represent around 50 % of their sales in FY 23, but this share keeps decreasing and is expected to represent around 5 % of sales by the end of FY 24.
So, based on the net cash at the end of FY 23, it is now valued at EV/EBITDA of 2.1 x if we annualize their Q1 results.
I imagine that there are some reasons why it looks so cheap, but it is probably worth looking into more details.
Their EBITDA margin remains low at 2.9 % for Q1 24, but it is now above the level of Q1 22 (2.2 % vs - 0.9 % for Q1 23).
- Forums
- ASX - By Stock
- SIO
- Ann: SIO Trading Update
SIO
simonds group limited
Add to My Watchlist
3.45%
!
15.0¢

Ann: SIO Trading Update, page-2
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $53.98M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 15.0¢ | $4.998K | 33.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47429 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 41042 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47429 | 0.145 |
2 | 378571 | 0.140 |
1 | 27418 | 0.135 |
1 | 30000 | 0.130 |
1 | 4000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 41042 | 1 |
0.165 | 60000 | 1 |
0.200 | 96 | 1 |
0.205 | 71391 | 2 |
0.210 | 51862 | 1 |
Last trade - 13.21pm 25/07/2025 (20 minute delay) ? |
Featured News
SIO (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online