It remains tough to assess companies like Scidev, mainly because they depend on relatively short term contracts : "typically under a 1-3 years fixed term contract for mining and construction" and 3 to 6 months only for oil and gas.
But they are also many sources of growth for their water treatment businesses in the medium/long term :
- change of regulation for drinking water in the US,
- higher oil exploration (depending on oil price direction),
- rainfall,
- increase their exposure to the global mining sector thanks to their JV with Neuer.
One of the main growth potential is about PFAS treatment* which is a significant global market.
For now, Scidev has only domestic operations (with 7 PFAS treatment projects at the moment, mainly in NSW).
2 sources of margin increase :
- gross margin increase (less sales of commodity products and strong growth for water technology, high margin business),
- productivity gains (+ 17 % for revenues/employee in FY 23).
Q4 results (about to be published) will be important as it will confirm (or not) the strong results they reached during Q3 24 (EBITDA of 3.6 m$).
EV/EBITDA is only 5 x (at 0.43 $) if we annualise Q3 results, and even lower if we value their reserve of tax losses.
Q3 did not seem to be a one off, as it was the 3rd consecutive growth (qoq) for their EBITDA (which was already significant at 2.5 m$ during Q2 24).
* water technology division for them
- Forums
- ASX - By Stock
- Main drivers
It remains tough to assess companies like Scidev, mainly because...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDV (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.010(2.02%) |
Mkt cap ! $95.85M |
Open | High | Low | Value | Volume |
49.5¢ | 50.5¢ | 48.5¢ | $68.22K | 138.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2020 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 31749 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2020 | 0.495 |
1 | 6000 | 0.480 |
1 | 39381 | 0.450 |
1 | 60000 | 0.440 |
1 | 11593 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 31749 | 1 |
0.510 | 3930 | 1 |
0.515 | 13856 | 1 |
0.520 | 12333 | 1 |
0.525 | 20000 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
SDV (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online