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Salter Brothers Emerging Companies Ltd.
(Sydney:SB2)
Salter Brothers Emerging Companies Ltd. (SB2) vs. iShares MSCI Australia ETF (EWA)
Salter Brothers Emerging Companies Ltd. Business Overview & Revenue Model
Salter Brothers Emerging Companies Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.96M | 6.96M | 8.00M | -2.92M | -8.27M | 12.57M |
| Gross Profit | 6.96M | 6.96M | 8.00M | -2.92M | -8.27M | 12.57M |
| EBITDA | 0.00 | 0.00 | 0.00 | -3.08M | -13.15M | 4.41M |
| Net Income | 3.15M | 3.15M | 4.22M | -1.82M | -8.19M | 3.09M |
Balance Sheet | ||||||
| Total Assets | 87.70M | 87.70M | 89.68M | 86.38M | 90.99M | 100.06M |
| Cash, Cash Equivalents and Short-Term Investments | 84.72M | 84.72M | 85.65M | 80.92M | 86.83M | 99.98M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 927.00K | 927.00K | 438.00K | 270.00K | 1.72M | 2.60M |
| Stockholders Equity | 86.78M | 86.78M | 89.24M | 86.11M | 89.27M | 97.46M |
Cash Flow | ||||||
| Free Cash Flow | 6.08M | 6.08M | -2.69M | -437.00K | 5.04M | -16.42M |
| Operating Cash Flow | 6.08M | 6.08M | -2.69M | -437.00K | 5.04M | -16.42M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -5.61M | -5.61M | -1.09M | -1.33M | 0.00 | 21.27M |
Salter Brothers Emerging Companies Ltd. Technical Analysis
Salter Brothers Emerging Companies Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$77.08M | 10.81 | 32.22% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | AU$43.04M | 21.08 | 2.40% | 1.79% | -5.10% | ― | |
61 Neutral | AU$66.42M | 21.88 | 3.57% | 6.89% | 30.36% | -31.47% | |
60 Neutral | AU$78.17M | 14.48 | 15.40% | 7.14% | 13.65% | -33.93% | |
55 Neutral | AU$59.08M | 12.30 | 8.35% | 7.22% | 21.16% | 47.24% |
Salter Brothers Emerging Companies Ltd. Corporate Events
Salter Brothers Emerging Companies reported a pre-tax net tangible asset (NTA) of $1.046 per share and post-tax NTA of $1.071 as at 31 December 2025, with total dividends of 4 cents per share and an annualised yield of 5.44%. Despite the small-cap segment being driven largely by a booming resources sector in 2025, SB2’s portfolio finished the calendar year down 2.01%, consolidating prior strong gains from 2024, and its shares continue to trade at a steep 31.37% discount to NTA, implying potential value for investors. The manager highlighted a higher-conviction portfolio tilt, with 81.2% in listed securities and 16.9% in unlisted positions, and pointed to specific stock dynamics including a sharp re-rating in Symal Group following accretive acquisitions and new funding, operational improvements and a strategic investment in Camplify Holdings, and a contract win and expected cash flow improvement at telematics group Eroad despite recent share price weakness. Portfolio valuation metrics suggest improving growth and profitability across FY26–FY27, with forecast rising revenue, expanding margins and lower earnings multiples across the listed portfolio.
The most recent analyst rating on (AU:SB2) stock is a Hold with a A$0.76 price target. To see the full list of analyst forecasts on Salter Brothers Emerging Companies Ltd. stock, see the AU:SB2 Stock Forecast page.
Salter Brothers Emerging Companies Limited reported a 2.96% decline in its portfolio for November, although it showed a 2.63% increase over the last three months. The company remains compliant with the Australian Significant Investor Visa regime and continues to focus on transactions across unlisted securities. The announcement highlighted the acquisition of ARC Europe by Credit Clear Ltd, expanding its UK footprint, and the strategic positioning of WRKR Ltd in response to new legislation. The investment team also made strategic adjustments in their holdings, such as trimming and repurchasing shares of Alfabs Australia Ltd.
Salter Brothers Emerging Companies Ltd. has announced a new on-market buy-back of its ordinary fully paid securities, as indicated by the ASX security code SB2. This move is part of the company’s strategic efforts to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its financial resources.
Salter Brothers Emerging Companies Limited announced the results of its annual general meeting held on November 14, 2025. All resolutions, except one which was withdrawn, were passed by a poll. This outcome reflects shareholder support for the company’s current strategies and management, potentially strengthening its position in the investment fund industry and assuring stakeholders of its ongoing commitment to delivering value.
Salter Brothers Emerging Companies Limited (SB2) reported a positive performance for the 2024/25 financial year, driven by a favorable interest rate environment that boosted the small-cap sector. The company achieved a 7.31% increase in its portfolio, with a notable 15% allocation to unlisted investments, and paid its first dividends in 2025. SB2 also extended its share buyback program, reflecting its commitment to enhancing shareholder value. The company’s strategic focus on smaller-cap stocks, which are trading at compelling valuations, positions it well for continued outperformance against larger caps.
Salter Brothers Emerging Companies Ltd. reported a positive portfolio performance with a 3.95% return in October 2025, contributing to a 5.67% return over the last three months. The company highlighted significant developments, including Cash Converters’ expansion and Symal Group’s road upgrade project, which positively impacted the portfolio. However, Eroad Ltd. faced challenges due to market softness and a strategic pivot. The portfolio’s investment strategy remains aligned with emerging company investment requirements, and the company anticipates continued positive momentum in its holdings.
Salter Brothers Emerging Companies Ltd. announced the cessation of 200,000 ordinary fully paid securities due to an on-market buy-back, effective October 31, 2025. This move is part of the company’s strategic financial management, potentially impacting its capital structure and signaling a focus on optimizing shareholder value.
Salter Brothers Emerging Companies Limited announced the cancellation of 200,000 fully paid ordinary shares as part of its on-market share buyback program conducted in October 2025. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its active approach to investment management and commitment to delivering long-term returns.
Salter Brothers Emerging Companies Ltd. has announced an update on its ongoing share buy-back program, revealing that it purchased an additional 100,000 shares on the previous day, bringing the total number of shares bought back to 1,374,947. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a commitment to managing its equity base effectively.
Salter Brothers Emerging Companies Limited has announced the cancellation of 621,577 fully paid ordinary shares as part of its on-market share buyback program in October 2025. This move is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting its commitment to delivering attractive returns to investors.
Salter Brothers Emerging Companies Ltd. announced the cessation of 621,577 ordinary fully paid securities due to an on-market buy-back, effective October 28, 2025. This move is part of the company’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of outstanding shares.
Salter Brothers Emerging Companies Ltd. has announced an update on its ongoing share buy-back program, with a total of 1,174,947 securities bought back before the previous day and an additional 100,000 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting a proactive approach in managing its financial resources.
Salter Brothers Emerging Companies Limited has released a document providing a general overview of its current activities. The document emphasizes that it is not a formal offer or investment proposal and highlights the importance of independent investigation and professional advice before making investment decisions. It also includes a disclaimer about the forward-looking statements and potential risks associated with investments.
Salter Brothers Emerging Companies Ltd. has announced an extension of its on-market buy-back program for its ordinary fully paid securities, identified by the ASX code SB2. This extension signifies the company’s ongoing commitment to optimizing its capital structure and potentially enhancing shareholder value. The continuation of the buy-back program may impact the company’s stock liquidity and market perception, reflecting a strategic move to manage its financial resources effectively.
Salter Brothers Emerging Companies Limited has announced a further extension of its on-market share buy-back program for an additional 12 months. This decision reflects the company’s strategy to maintain flexibility in its capital management to enhance shareholder value. The buy-back will operate within the legal limits set by the Corporations Act 2001, allowing the acquisition of up to 8,447,902 shares. This move is expected to positively impact the company’s operations by optimizing capital allocation and potentially improving market perception.
Salter Brothers Emerging Companies Ltd. has announced an update regarding its ongoing on-market buy-back program, with a total of 974,947 securities bought back prior to the previous day and an additional 100,000 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Salter Brothers Emerging Companies Ltd. has announced an update regarding its ongoing buy-back of ordinary fully paid securities, identified by the ASX code SB2. As of October 20, 2025, the company has repurchased a total of 774,947 securities, with an additional 200,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Salter Brothers Emerging Companies Ltd. has announced its 2025 Annual General Meeting, scheduled for November 14, 2025, at the Intercontinental Hotel in Melbourne. Shareholders are encouraged to vote via proxy and submit questions in advance, reflecting the company’s commitment to shareholder engagement and transparency. The meeting will address potential changes due to evolving conditions, highlighting the company’s adaptability in maintaining effective communication with its stakeholders.
Salter Brothers Emerging Companies Limited has announced its Annual General Meeting scheduled for November 14, 2025, at the Intercontinental Hotel in Melbourne. The agenda includes the consideration of financial reports, the adoption of the remuneration report, the re-election of Mr. Robert Salter as a director, and the approval of a 10% placement facility. These resolutions aim to strengthen the company’s governance and financial flexibility, potentially impacting its strategic growth and shareholder value.