Service Stream Limited (SSM)

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!

General Information
Company Name: Service Stream Limited
Stock Code: SSM
GICS Sub-Industry: Electrical Components & Equipment
Market Cap ($M): 85
Equiv. Shares (M): 386

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.220 $ 0.220 $ 0.220 $ 0.220 $ 0.220 30,000 0%

Company Overview

Business Description:
Service Stream Limited (SSM) is a provider of essential network services, including access, design, build, installation and maintenance. These services are provided to copper, fibre and wireless telecommunications networks as well as to a range of private and public energy and water entities nationally. The Company has offices in Australian Capital Territory, New South Wales, Queensland, South Australia, Victoria and Western Australia.

Strategy Analysis:
Service Stream's growth strategy consistently focuses on developing its uniquely integrated services to meet the evolving needs of large national infrastructure-based firms, both in telecommunications and utilities sector. Organic growth from the strategic integration of its stand alone businesses is expected to continue. Environmental focused infrastructure projects are forecasted to become increasingly important to the company. SSM led the introduction of smart meters last year and is now well - positioned to capitalise revenues from utility companies. Service Stream reported NPAT down 19.01% to $8.07m for the half-year ended 31 December 2012. Revenue from ordinary activities were $298.02m, down 3.2% from last year. Diluted EPS was 2.83 cents compared to 3.50 cents last year. Net operating cash flow was $22.5m compared to $19.46m last year. The interim dividend declared was 1 cents, compared with 1 cents last year.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 2.3 0.8 -- 24.9 0.0 0.0 --
2013  A -17.3 -5.8 -189.2 0.0 1.0 2.9 100.0
2012  A 19.4 6.5 18.2 5.5 1.9 5.4 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Service Stream (SSM) $81 M -- -- -- 28.0000 -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
SSM -- 29.3 0.47 -- 0.17
Market 0.94 15.7 1.29 1.73 1.56
Sector 1.02 12.1 0.97 1.43 0.46

Name Position Start Date
Mr Terry Sinclair Managing Director 06 November 2013
Mr Leigh Geoffrey Mackender Managing Director 26 May 2014
Mr Peter Dempsey Non-Executive Chairman 01 November 2010
Mrs Deborah R Page Non-Executive Director 21 September 2010
Mr Stephe Peter Wilks Non-Executive Director 29 September 2005
Mr Brett Thomas Gallagher Non-Executive Director,Interim Managing Director 29 April 2010

Name Position
Jessica Lyons Company Secretary
Vicki Letcher Company Secretary
Leigh Mackender Executive General Manager - Energy and Water
Chad Orr Executive General Manager - Fixed Communications
Daniel Hill Executive General Manager - Mobile Communications

Substantial Shareholders
Holding Name
53,711,859 (18.95%) Thorney Investment Pty Ltd
28,038,834 (9.89%) Maple Brown Abbott Limited
15,797,924 (5.57%) Gandel Springwest Pty Ltd

Calendar of Events
Date Event
18 September 2015 Report (Annual)
12 August 2015 Report (Prelim)
16 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Active Investing and Trading

An educational booklet with information on how analysis and risk management can enhance your share investments.

More details...


Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.


Sponsored Links