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Synertec

ASX:SOP
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOP
ASX
A$11M
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Synertec Corporation Limited provides specialist engineering and compliance consulting services in Australia. The last earnings update was 86 days ago. More info.


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SOP Share Price and Events
7 Day Returns
-16.7%
ASX:SOP
0.4%
AU Professional Services
-0.1%
AU Market
1 Year Returns
-10%
ASX:SOP
20.6%
AU Professional Services
16.5%
AU Market
SOP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Synertec (SOP) -16.7% -6.3% -2.2% -10% - -
AU Professional Services 0.4% 3% 7.6% 20.6% 37.9% 39.2%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • SOP underperformed the Professional Services industry which returned 20.6% over the past year.
  • SOP underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
SOP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Synertec undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Synertec to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Synertec.

ASX:SOP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SOP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 30%) (0%))
0.884
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.884 * 5.96%)
7.58%

Discounted Cash Flow Calculation for ASX:SOP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Synertec is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:SOP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.58%)
2020 0.49 Est @ -21.9% 0.46
2021 0.42 Est @ -14.64% 0.36
2022 0.38 Est @ -9.55% 0.31
2023 0.36 Est @ -5.99% 0.27
2024 0.35 Est @ -3.5% 0.24
2025 0.34 Est @ -1.76% 0.22
2026 0.34 Est @ -0.54% 0.20
2027 0.34 Est @ 0.32% 0.19
2028 0.34 Est @ 0.92% 0.18
2029 0.35 Est @ 1.33% 0.17
Present value of next 10 years cash flows A$2.00
ASX:SOP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$0.35 × (1 + 2.31%) ÷ (7.58% – 2.31%)
A$6.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$6.73 ÷ (1 + 7.58%)10
A$3.24
ASX:SOP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$2.00 + A$3.24
A$5.24
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$5.24 / 220.70
A$0.02
ASX:SOP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.02
Current discount Discount to share price of A$0.05
= -1 x (A$0.05 - A$0.02) / A$0.02
-89.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Synertec is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Synertec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Synertec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SOP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.00
ASX:SOP Share Price ** ASX (2019-11-18) in AUD A$0.05
Australia Professional Services Industry PE Ratio Median Figure of 10 Publicly-Listed Professional Services Companies 21.51x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Synertec.

ASX:SOP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SOP Share Price ÷ EPS (both in AUD)

= 0.05 ÷ 0.00

-117.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Synertec is loss making, we can't compare its value to the AU Professional Services industry average.
  • Synertec is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Synertec's expected growth come at a high price?
Raw Data
ASX:SOP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -117.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Professional Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Professional Services Companies 1.94x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Synertec, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Synertec's assets?
Raw Data
ASX:SOP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.02
ASX:SOP Share Price * ASX (2019-11-18) in AUD A$0.05
Australia Professional Services Industry PB Ratio Median Figure of 21 Publicly-Listed Professional Services Companies 2.08x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:SOP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SOP Share Price ÷ Book Value per Share (both in AUD)

= 0.05 ÷ 0.02

1.89x

* Primary Listing of Synertec.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Synertec is good value based on assets compared to the AU Professional Services industry average.
X
Value checks
We assess Synertec's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Synertec has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Synertec expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Synertec has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.5%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Synertec expected to grow at an attractive rate?
  • Unable to compare Synertec's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Synertec's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Synertec's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SOP Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Australia Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SOP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SOP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 24 1 0
2018-12-31 20 2 0
2018-09-30 15 1 -3
2018-06-30 11 1 -5
2017-12-31 10 -2 -5
2017-09-30 12 -2 -2
2017-06-30 15 -1 1
2017-03-31 17 2 1
2016-12-31 19 6 2
2016-09-30 18 6 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Synertec is high growth as no earnings estimate data is available.
  • Unable to determine if Synertec is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SOP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Synertec Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SOP Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.00
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 -0.02
2017-12-31 -0.04
2017-09-30 -0.02
2017-06-30 0.01
2017-03-31
2016-12-31 0.02
2016-09-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Synertec will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Synertec's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Synertec's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Synertec's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Synertec's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Synertec has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Synertec performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Synertec's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Synertec does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Synertec's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Synertec's 1-year growth to the AU Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Synertec's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Synertec Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SOP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 24.16 -0.08 0.97
2018-12-31 19.55 -0.13 0.49
2018-09-30 15.49 -2.60 0.55
2018-06-30 11.43 -5.06 0.99
2017-12-31 10.31 -4.84 0.74
2017-09-30 12.50 -1.95 0.64
2017-06-30 14.68 0.94 0.55
2017-03-31 17.07 1.40 0.55
2016-12-31 19.46 1.86 0.55
2016-09-30 18.24 1.35 0.57
2016-06-30 17.02 0.83 0.59
2015-06-30 11.58 1.09 0.63
2014-06-30 12.78 0.79 0.58
2013-06-30 8.65 0.96 0.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Synertec has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Synertec has efficiently used its assets last year compared to the AU Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Synertec improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Synertec's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Synertec has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Synertec's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Synertec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Synertec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Synertec's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Synertec's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Synertec has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Synertec Company Filings, last reported 4 months ago.

ASX:SOP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5.25 0.00 4.37
2018-12-31 5.42 0.00 4.73
2018-09-30 5.42 0.00 4.73
2018-06-30 5.35 0.00 3.54
2017-12-31 5.62 0.00 7.52
2017-09-30 5.62 0.00 7.52
2017-06-30 6.78 0.00 2.98
2017-03-31 6.78 0.00 2.98
2016-12-31 6.77 0.00 5.80
2016-09-30 6.77 0.00 5.80
2016-06-30 5.84 0.00 5.09
2015-06-30 5.01 0.75 0.73
2014-06-30 3.92 1.14 0.07
2013-06-30 3.12 0.00 1.91
  • Synertec has no debt.
  • Synertec has no debt compared to 5 years ago when it was 29.1%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Synertec has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Synertec has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.8% per year.
X
Financial health checks
We assess Synertec's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Synertec has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Synertec's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Synertec dividends.
If you bought A$2,000 of Synertec shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Synertec's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Synertec's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SOP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Synertec has not reported any payouts.
  • Unable to verify if Synertec's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Synertec's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Synertec has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Synertec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Synertec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Synertec has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Synertec's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Carroll
COMPENSATION A$357,510
TENURE AS CEO 2.3 years
CEO Bio

Mr. Michael Carroll serves as Managing Director of SML Corporation Limited. Mr. Carroll serves as Managing Director and Director at Synertec Corp. Ltd. Mr. Carroll served as Managing Director of Synertec Pty Ltd. Mr. Carroll served as Founding Principal of Synertec Pty Ltd. Mr. Carroll ensures early concepts and planning studies are robust and project risks are identified and managed accordingly. He has been responsible for the development of the process, mechanical, automation and facility design and delivery capabilities within Synertec Pty Ltd. He has worked extensively in the design and delivery of high risk, complex and highly regulated processing and manufacturing facilities for many different industries Since Synertec's inception. He serves as Director of SML Corporation Limited. He served as Director of SML Corporation since June 5, 2017.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is about average for companies of similar size in Australia.
Management Team

Michael Carroll

TITLE
MD, CEO & Director
COMPENSATION
A$358K
TENURE
2.3 yrs

David Harris

TITLE
CFO & Company Secretary
COMPENSATION
A$317K
TENURE
2.3 yrs

Joern Buelter

TITLE
Chief Operating Officer
COMPENSATION
A$197K

Lindy Matthews

TITLE
Business Development Manager

Michelle Muscara

TITLE
Quality Manager
Board of Directors Tenure

Average tenure and age of the Synertec board of directors in years:

2.3
Average Tenure
65
Average Age
  • The average tenure for the Synertec board of directors is less than 3 years, this suggests a new board.
Board of Directors

Leeanne Bond

TITLE
Independent Non-Executive Chairperson
COMPENSATION
A$85K
AGE
54
TENURE
2.3 yrs

Michael Carroll

TITLE
MD, CEO & Director
COMPENSATION
A$358K
TENURE
2.3 yrs

Freddie Kim

TITLE
Independent Non-executive Director
COMPENSATION
A$50K
AGE
66
TENURE
11.8 yrs

Kiat Poh

TITLE
Independent Non-Executive Director
COMPENSATION
A$50K
AGE
65
TENURE
7.1 yrs

Dennis Lin

TITLE
Independent Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
14. May 19 Buy Leeanne Bond Individual 08. May 19 08. May 19 2,097,702 A$0.05 A$102,657
14. May 19 Sell New Concept Corporation Limited Company 08. May 19 08. May 19 -4,000,000 A$0.05 A$-200,001
X
Management checks
We assess Synertec's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Synertec has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Update: Synertec (ASX:SOP) Stock Gained 12% In The Last Year

For example, the Synertec Corporation Limited (ASX:SOP) share price is up 12% in the last year, clearly besting than the market return of around 1.5% (not including dividends). … View our latest analysis for Synertec Because Synertec is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last year Synertec saw its revenue grow by 90%.

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Synertec Corporation Limited (ASX:SOP) Insiders Increased Their Holdings

View our latest analysis for Synertec Synertec Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Chairperson Leeanne Bond for AU$103k worth of shares, at about AU$0.049 per share. … Insider Ownership of Synertec Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. … On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Synertec stock.

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Is Synertec Corporation Limited's (ASX:SOP) Balance Sheet A Threat To Its Future?

Synertec Corporation Limited (ASX:SOP), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … I will take you through a few basic checks to assess the financial health of companies with no debt. … Is financial flexibility worth the lower cost of capital

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What Kind Of Shareholders Own Synertec Corporation Limited (ASX:SOP)?

Every investor in Synertec Corporation Limited (ASX:SOP) should be aware of the most powerful shareholder groups. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Our analysis of the ownership of the company, below, shows that.

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What Does Synertec Corporation Limited's (ASX:SOP) Ownership Structure Look Like?

See our latest analysis for Synertec ASX:SOP Ownership_summary May 2nd 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Who Are The Major Shareholders In Synertec Corporation Limited (ASX:SOP)?

ASX:SOP Insider Trading Nov 23rd 17 General Public Ownership The general public holds a substantial 24.81% stake in SOP, making it a highly popular stock among retail investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Will Synertec Corporation Limited (ASX:SOP) Continue To Underperform Its Industry?

Check out our latest analysis for Synertec Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of SOP’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:SOP Last Perf Oct 25th 17 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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Company Info

Description

Synertec Corporation Limited provides specialist engineering and compliance consulting services in Australia. The company offers services in the areas of project and construction management; process and mechanical engineering; LNG custody transfer system; analyzer systems; automation and control engineering; and functional safety, as well as compliance and validation services. It serves oil and gas, pharmaceutical, water, petro chemical, terminal and defense, and food and diary industries. The company was formerly known as SML Corporation Limited and changed its name to Synertec Corporation Limited as a result of its acquisition of Synertec Pty Ltd in August 2017. The company is headquartered in Richmond, Australia.

Details
Name: Synertec Corporation Limited
SOP
Exchange: ASX
Founded:
A$10,593,661
220,701,277
Website: http://www.synertec.com.au
Address: Synertec Corporation Limited
57 Stewart Street,
Level 1,
Richmond,
Victoria, 3121,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SOP Ordinary Shares Australian Securities Exchange AU AUD 09. Aug 2017
CHIA SOP Ordinary Shares Chi-X Australia AU AUD 09. Aug 2017
Number of employees
Current staff
Staff numbers
0
Synertec employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:44
End of day share price update: 2019/11/18 00:00
Last earnings filing: 2019/08/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.