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Saferoads Holdings

ASX:SRH
Snowflake Description

Flawless balance sheet and slightly overvalued.

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

Saferoads Holdings Limited researches, designs, develops, produces, and sells road safety products and solutions that protect motorists, road construction workers, and pedestrians in Australia, New Zealand, and the United States. The last earnings update was 39 days ago. More info.


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  • Saferoads Holdings has significant price volatility in the past 3 months.
SRH Share Price and Events
7 Day Returns
0%
ASX:SRH
-6.3%
AU Infrastructure
5%
AU Market
1 Year Returns
-51.6%
ASX:SRH
-17.9%
AU Infrastructure
-19.2%
AU Market
SRH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Saferoads Holdings (SRH) 0% -14.3% -26.8% -51.6% 50% 25%
AU Infrastructure -6.3% -29.1% -28.6% -17.9% -7.4% 11.2%
AU Market 5% -20.3% -25.8% -19.2% -16.8% -17.5%
1 Year Return vs Industry and Market
  • SRH underperformed the Infrastructure industry which returned -17.9% over the past year.
  • SRH underperformed the Market in Australia which returned -19.2% over the past year.
Price Volatility
SRH
Industry
5yr Volatility vs Market

SRH Value

 Is Saferoads Holdings 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 Saferoads Holdings 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 Saferoads Holdings.

ASX:SRH 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 6.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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:SRH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.669 (1 + (1- 30%) (86.57%))
1.05
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.05 * 5.44%)
6.79%

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

The calculations below outline how an intrinsic value for Saferoads Holdings 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:SRH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.79%)
2020 0.46 Est @ -0.08% 0.43
2021 0.46 Est @ 0.27% 0.41
2022 0.47 Est @ 0.51% 0.38
2023 0.47 Est @ 0.68% 0.36
2024 0.47 Est @ 0.8% 0.34
2025 0.48 Est @ 0.88% 0.32
2026 0.48 Est @ 0.94% 0.30
2027 0.49 Est @ 0.98% 0.29
2028 0.49 Est @ 1.01% 0.27
2029 0.50 Est @ 1.03% 0.26
Present value of next 10 years cash flows A$3.00
ASX:SRH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$0.50 × (1 + 1.08%) ÷ (6.79% – 1.08%)
A$8.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$8.80 ÷ (1 + 6.79%)10
A$4.56
ASX:SRH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$3.00 + A$4.56
A$7.56
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$7.56 / 36.40
A$0.21
ASX:SRH Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.21
Current discount Discount to share price of A$0.15
= -1 x (A$0.15 - A$0.21) / A$0.21
27.8%

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

Current Discount
Amount off the current price Saferoads Holdings is available for.
Intrinsic value
28%
Share price is A$0.15 vs Future cash flow value of A$0.20774
Current Discount Checks
For Saferoads Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Saferoads Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Saferoads Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Saferoads Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Saferoads Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SRH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.01
ASX:SRH Share Price ** ASX (2020-03-25) in AUD A$0.15
Oceania Infrastructure Industry PE Ratio Median Figure of 8 Publicly-Listed Infrastructure Companies 31.65x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 12.99x

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

** Primary Listing of Saferoads Holdings.

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

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

= 0.15 ÷ -0.01

-23.6x

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

  • Saferoads Holdings is loss making, we can't compare its value to the Oceania Infrastructure industry average.
  • Saferoads Holdings is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Saferoads Holdings's expected growth come at a high price?
Raw Data
ASX:SRH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -23.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Oceania Infrastructure Industry PEG Ratio Median Figure of 6 Publicly-Listed Infrastructure Companies 3.07x
Australia Market PEG Ratio Median Figure of 336 Publicly-Listed Companies 1x

*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 Saferoads Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Saferoads Holdings's assets?
Raw Data
ASX:SRH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.24
ASX:SRH Share Price * ASX (2020-03-25) in AUD A$0.15
Australia Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.17x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.24x
ASX:SRH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.15 ÷ 0.24

0.63x

* Primary Listing of Saferoads Holdings.

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

  • Saferoads Holdings is good value based on assets compared to the AU Infrastructure industry average.
X
Value checks
We assess Saferoads Holdings'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Saferoads Holdings has a total score of 2/6, 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.

SRH Future Performance

 How is Saferoads Holdings 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 Saferoads Holdings 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
37.2%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Saferoads Holdings expected to grow at an attractive rate?
  • Unable to compare Saferoads Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Saferoads Holdings's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Saferoads Holdings's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SRH Future Growth Rates Data Sources
Data Point Source Value (per year)
Oceania Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 37.2%
Oceania Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:SRH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:SRH Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:SRH Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 16 1 0
2019-09-30 17 1 0
2019-06-30 18 1 0
2019-03-31 20 1 0
2018-12-31 21 2 1
2018-09-30 20 2 1
2018-06-30 19 1 1
2018-03-31 18 1 1
2017-12-31 17 1 0
2017-09-30 17 1 0
2017-06-30 17 1 0
2017-03-31 17 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Saferoads Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Saferoads Holdings 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:SRH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Saferoads Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SRH Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:SRH Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.01
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.01
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 0.00

*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 Saferoads Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Saferoads Holdings'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. Saferoads Holdings'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 Transportation companies here
  3. Saferoads Holdings'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 Saferoads Holdings'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 Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania 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.
Saferoads Holdings 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.

SRH Past Performance

  How has Saferoads Holdings 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 Saferoads Holdings's growth in the last year to its industry (Infrastructure).
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.
  • Saferoads Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Saferoads Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Saferoads Holdings's 1-year growth to the Oceania Infrastructure industry average as it is not currently profitable.
Earnings and Revenue History
Saferoads Holdings'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 Saferoads Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SRH Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 15.91 -0.22 4.16
2019-09-30 16.93 -0.13 4.45
2019-06-30 17.95 -0.04 4.74
2019-03-31 19.69 0.39 4.86
2018-12-31 21.43 0.83 5.02
2018-09-30 20.31 0.77 4.76
2018-06-30 19.19 0.71 4.50
2018-03-31 17.96 0.51 4.44
2017-12-31 16.74 0.32 4.37
2017-09-30 16.84 0.22 4.24
2017-06-30 16.94 0.12 4.12
2017-03-31 16.89 0.04 4.05
2016-12-31 16.85 -0.04 3.98
2016-09-30 16.56 -0.08 4.08
2016-06-30 16.27 -0.12 4.19
2016-03-31 15.66 -0.08 3.99
2015-12-31 15.06 -0.04 3.79
2015-09-30 15.13 -0.06 3.72
2015-06-30 15.20 -0.07 3.64
2015-03-31 15.17 -0.33 3.76
2014-12-31 15.14 -0.59 3.88
2014-09-30 15.71 -0.76 4.35
2014-06-30 16.27 -0.93 4.81
2014-03-31 17.80 -1.32 5.30
2013-12-31 19.33 -1.71 5.80
2013-09-30 21.83 -1.55 6.43
2013-06-30 24.32 -1.39 7.06

*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 Saferoads Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Saferoads Holdings used its assets less efficiently than the Oceania Infrastructure industry average last year based on Return on Assets.
  • It is difficult to establish if Saferoads Holdings 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 Saferoads Holdings'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 Infrastructure 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.
Saferoads Holdings 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.

SRH Health

 How is Saferoads Holdings'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 Saferoads Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Saferoads Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Saferoads Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Saferoads Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.9x debt.
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 Saferoads Holdings Company Filings, last reported 3 months ago.

ASX:SRH Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7.44 1.73 1.07
2019-09-30 7.44 1.73 1.07
2019-06-30 7.34 1.78 0.53
2019-03-31 7.34 1.78 0.53
2018-12-31 7.75 2.89 1.41
2018-09-30 7.75 2.89 1.41
2018-06-30 7.46 1.86 1.07
2018-03-31 7.46 1.86 1.07
2017-12-31 6.90 2.31 0.68
2017-09-30 6.90 2.31 0.68
2017-06-30 6.75 1.99 0.67
2017-03-31 6.75 1.99 0.67
2016-12-31 6.59 2.72 0.82
2016-09-30 6.59 2.72 0.82
2016-06-30 6.64 2.50 0.81
2016-03-31 6.64 2.50 0.81
2015-12-31 6.63 3.11 0.92
2015-09-30 6.63 3.11 0.92
2015-06-30 6.75 3.00 0.72
2015-03-31 6.75 3.00 0.72
2014-12-31 6.68 3.31 1.07
2014-09-30 6.68 3.31 1.07
2014-06-30 5.60 5.00 1.35
2014-03-31 5.60 5.00 1.35
2013-12-31 6.04 5.45 1.03
2013-09-30 6.04 5.45 1.03
2013-06-30 6.52 5.60 2.24
  • Saferoads Holdings's level of debt (23.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (48.1% vs 23.3% today).
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 Saferoads Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Saferoads Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -35% per year.
X
Financial health checks
We assess Saferoads Holdings'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. Saferoads Holdings 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.

SRH Dividends

 What is Saferoads Holdings'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 Saferoads Holdings dividends.
If you bought A$2,000 of Saferoads Holdings 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 Saferoads Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Saferoads Holdings'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:SRH 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
Oceania Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 367 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

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

ASX:SRH Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:SRH Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2010-02-03 0.000 0.000
2009-08-24 0.000 0.000

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

  • Unable to perform a dividend volatility check as Saferoads Holdings has not reported any payouts.
  • Unable to verify if Saferoads Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Saferoads Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Saferoads Holdings 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 Saferoads Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Saferoads Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Saferoads Holdings 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.

SRH Management

 What is the CEO of Saferoads Holdings'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
Darren Hotchkin
COMPENSATION A$361,635
AGE 55
TENURE AS CEO 8 years
CEO Bio

Mr. Darren John Hotchkin Founded Saferoads Holdings Limited in 1992 and has been its Chief Executive Officer since June 30, 2012. Mr. Hotchkin served as an Acting Chief Executive Officer at Saferoads Holdings Limited since April 10, 2012 until June 30, 2012. Mr. Hotchkin served as the Managing Director of Saferoads Holdings Limited since 2005 until February 7, 2011. Mr. Hotchkin served as the Managing Director of Saferoads Pty. Ltd. until February 7, 2011. His key contributions to the business have been in the strategic development of Saferoads' product range and manufacturing processes, business development and marketing. Mr. Hotchkin has been a Non-Executive Director at Saferoads Holdings Limited. since October 21, 2005.

CEO Compensation
  • Darren's compensation has increased whilst company is loss making.
  • Darren's remuneration is about average for companies of similar size in Australia.
Management Team

Darren Hotchkin

TITLE
Founder
COMPENSATION
A$362K
AGE
55
TENURE
8 yrs

Peter Fearns

TITLE
CFO & Company Secretary
COMPENSATION
A$194K
TENURE
8.3 yrs

Casey McMaster

TITLE
National Engineering Solutions Manager
COMPENSATION
A$188K
Board of Directors Tenure

Average tenure and age of the Saferoads Holdings board of directors in years:

8
Average Tenure
67
Average Age
  • The tenure for the Saferoads Holdings board of directors is about average.
Board of Directors

David Albert Ashmore

TITLE
Non-Executive Chairman
COMPENSATION
A$83K
AGE
67
TENURE
6.7 yrs

Darren Hotchkin

TITLE
Founder
COMPENSATION
A$362K
AGE
55
TENURE
14.5 yrs

David Cleland

TITLE
Non Executive Director
COMPENSATION
A$65K
AGE
74
TENURE
9.3 yrs

Hayden Wallace

TITLE
Independent Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Saferoads Holdings individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
18. Mar 20 Buy Darren Hotchkin Individual 17. Mar 20 17. Mar 20 100,000 A$0.16 A$16,000
31. Jan 20 Buy Steven Difabrizio Individual 19. Mar 19 24. Jan 20 107,000 A$0.33 A$28,175
04. Sep 19 Buy David Albert Ashmore Individual 03. Sep 19 03. Sep 19 60,000 A$0.21 A$12,600
22. Aug 19 Buy Darren Hotchkin Individual 21. Aug 19 21. Aug 19 490,000 A$0.22 A$107,800
20. Aug 19 Buy Darren Hotchkin Individual 19. Aug 19 19. Aug 19 127,370 A$0.22 A$28,021
X
Management checks
We assess Saferoads Holdings'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. Saferoads Holdings 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.

SRH News

Simply Wall St News

Trade Alert: The Founder Of Saferoads Holdings Limited (ASX:SRH), Darren Hotchkin, Has Just Spent AU$108k Buying Shares

Check out our latest analysis for Saferoads Holdings Saferoads Holdings Insider Transactions Over The Last Year Notably, that recent purchase by Founder Darren Hotchkin was not the only time they bought Saferoads Holdings shares this year. … ASX:SRH Recent Insider Trading, August 23rd 2019 Insider Ownership of Saferoads Holdings Many investors like to check how much of a company is owned by insiders. … Saferoads Holdings insiders own about AU$4.5m worth of shares (which is 56% of the company).

Simply Wall St -

A Holistic Look At Saferoads Holdings Limited (ASX:SRH)

Not only did SRH outperformed its past performance, its growth also surpassed the Electronic industry expansion, which generated a 29% earnings growth. … Investors have the opportunity to buy into the stock to reap capital gains, if SRH's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … Dividend Income vs Capital Gains: Does SRH return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

Simply Wall St -

Does Saferoads Holdings Limited's (ASX:SRH) CEO Salary Compare Well With Others?

Darren Hotchkin became the CEO of Saferoads Holdings Limited (ASX:SRH) in 2012. … View our latest analysis for Saferoads Holdings How Does Darren Hotchkin's Compensation Compare With Similar Sized Companies? … Our data indicates that Saferoads Holdings Limited is worth AU$6.9m, and total annual CEO compensation is AU$305k.

Simply Wall St -

How Many Saferoads Holdings Limited (ASX:SRH) Shares Did Insiders Buy, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Saferoads Holdings Limited (ASX:SRH). … View our latest analysis for Saferoads Holdings The Last 12 Months Of Insider Transactions At Saferoads Holdings Founder Darren Hotchkin made the biggest insider purchase in the last 12 months. … It would be great to see more insider buying, but overall it seems like Saferoads Holdings insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future.

Simply Wall St -

Do You Like Saferoads Holdings Limited (ASX:SRH) At This P/E Ratio?

Check out our latest analysis for Saferoads Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Saferoads Holdings: P/E of 8.41 = A$0.20 ÷ A$0.024 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each A$1 of company earnings.

Simply Wall St -

A Closer Look At Saferoads Holdings Limited's (ASX:SRH) Uninspiring ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Saferoads Holdings: 11% = AU$848k ÷ AU$7.8m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Saferoads Holdings Have A Good ROE? … Combining Saferoads Holdings's Debt And Its 11% Return On Equity Although Saferoads Holdings does use debt, its debt to equity ratio of 0.37 is still low.

Simply Wall St -

Do Institutions Own Saferoads Holdings Limited (ASX:SRH) Shares?

Check out our latest analysis for Saferoads Holdings ASX:SRH Ownership Summary, May 24th 2019 What Does The Institutional Ownership Tell Us About Saferoads Holdings? … Insider Ownership Of Saferoads Holdings The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Private Company Ownership Our data indicates that Private Companies hold 12%, of the company's shares.

Simply Wall St -

What We Think Of Saferoads Holdings Limited’s (ASX:SRH) Investment Potential

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Saferoads Holdings: 0.088 = AU$910k ÷ (AU$14m - AU$3.5m) (Based on the trailing twelve months to December 2018.) Therefore, Saferoads Holdings has an ROCE of 8.8%. … Do Saferoads Holdings's Current Liabilities Skew Its ROCE?

Simply Wall St -

Does Saferoads Holdings (ASX:SRH) Deserve A Spot On Your Watchlist?

Like a firecracker arcing through the night sky, Saferoads Holdings's EPS shot from AU$0.01 to AU$0.024, over the last year. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … While we note Saferoads Holdings's EBIT margins were flat over the last year, revenue grew by a solid 28% to AU$21m.

Simply Wall St -

Does Saferoads Holdings Limited's (ASX:SRH) CEO Pay Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Darren Hotchkin's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Saferoads Holdings Limited has a market cap of AU$11m, and is paying total annual CEO compensation of AU$305k.

Simply Wall St -

SRH Company Info

Description

Saferoads Holdings Limited researches, designs, develops, produces, and sells road safety products and solutions that protect motorists, road construction workers, and pedestrians in Australia, New Zealand, and the United States. The company offers flexible guide posts and signage products; rubber-based traffic calming products, including separation kerbs and wheel stops; variable messaging sign boards; decorative and standard street, and road light poles, as well as permanent and temporary public solar lighting poles; and permanent and temporary crash cushions, such as bollards and safety barriers. It also rents road safety solutions. The company is headquartered in Pakenham, Australia.

Details
Name: Saferoads Holdings Limited
SRH
Exchange: ASX
Founded:
A$5,460,000
36,400,000
Website: http://www.saferoads.com.au
Address: Saferoads Holdings Limited
22 Commercial Drive,
Pakenham,
Victoria, 3810,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SRH Ordinary Shares Australian Securities Exchange AU AUD 15. Dec 2005
Number of employees
Current staff
Staff numbers
0
Saferoads Holdings employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 10:35
End of day share price update: 2020/03/25 00:00
Last estimates confirmation: 2017/08/28
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
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.