Want to see AU:SB2 full AI Analyst Report?
Top Page
Salter Brothers Emerging Companies Ltd.
(Sydney:SB2)
Select Model
Select Model
Rating:61Neutral
Price Target:
AU$0.61
â–Ľ(-15.00% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily supported by a conservative, debt-free balance sheet and a solid dividend yield. Offsetting these positives are uneven financial performance (volatile revenue and inconsistent cash flows) and a weak medium-to-long-term technical trend with the price below key longer-duration moving averages.
Positive Factors
Conservative, debt-free balance sheet
A debt-free, equity-heavy balance sheet provides durable financial flexibility and lower solvency risk. Over months this supports the firm's ability to hold through investment cycles, fund distributions or opportunistic deployments without forced asset sales or refinancing stress.
Negative Factors
Highly volatile revenue and investment returns
Large swings and episodic negative revenue reduce predictability of future earnings and cash available for distributions. For an investment company, volatile returns impair planning, make dividend guidance unreliable and complicate capital allocation decisions over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative, debt-free balance sheet
A debt-free, equity-heavy balance sheet provides durable financial flexibility and lower solvency risk. Over months this supports the firm's ability to hold through investment cycles, fund distributions or opportunistic deployments without forced asset sales or refinancing stress.
Read all positive factors
Salter Brothers Emerging Companies Ltd. (SB2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.08M
Dividend Yield6.89%
Average Volume (3M)153.71K
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue Growth-26.20%
EPS Growth-112.45%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.02
Shares Outstanding84,079,640
10 Day Avg. Volume286,384
30 Day Avg. Volume153,707
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)0.71
Price to Sales (P/S)8.89
P/FCF Ratio10.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Salter Brothers Emerging Companies Ltd. Business Overview & Revenue Model
Company Description
Salter Brothers Emerging Companies Limited operates as an investment firm, strategically building a portfolio of opportunities with a strong emphasis on Australian publicly traded and private market assets. This entity was established in 2020 and ...
How the Company Makes Money
SB2’s earnings would typically be derived from investment returns generated by its portfolio, such as realised gains/losses on the sale of investments, unrealised changes in the fair value of investments, dividends or distributions received from p...
Salter Brothers Emerging Companies Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00M | 6.96M | 8.00M | -2.92M | -8.27M | 12.57M |
| Gross Profit | 1.31M | 6.96M | 8.00M | -2.92M | -8.27M | 12.57M |
| EBITDA | 7.96M | 4.26M | 5.85M | -3.08M | -13.15M | 4.41M |
| Net Income | -1.62M | 3.15M | 4.22M | -1.82M | -8.19M | 3.09M |
Balance Sheet | ||||||
| Total Assets | 92.00M | 87.70M | 89.68M | 86.38M | 90.99M | 100.06M |
| Cash, Cash Equivalents and Short-Term Investments | 1.52M | 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 | 1.98M | 927.00K | 438.00K | 270.00K | 1.72M | 2.60M |
| Stockholders Equity | 90.02M | 86.78M | 89.24M | 86.11M | 89.27M | 97.46M |
Cash Flow | ||||||
| Free Cash Flow | 4.66M | 6.08M | -2.69M | -437.00K | 5.04M | -16.42M |
| Operating Cash Flow | 4.66M | 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 | -4.77M | -5.61M | -1.09M | -1.33M | 0.00 | 21.27M |
Salter Brothers Emerging Companies Ltd. Technical Analysis
Neutral
0.72
Price Trends
0.57
Negative
0.62
Negative
0.67
Negative
Market Momentum
>-0.01
Negative
50.62
Neutral
57.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SB2, the sentiment is Neutral. The current price of 0.72 is above the 20-day moving average (MA) of 0.55, above the 50-day MA of 0.57, and above the 200-day MA of 0.67, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.62 is Neutral, neither overbought nor oversold. The STOCH value of 57.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SB2.
Salter Brothers Emerging Companies Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$143.85M | 9.35 | 10.54% | 5.16% | 4.64% | 86.75% | |
69 Neutral | AU$413.57M | 9.75 | 10.42% | 6.58% | -36.87% | -33.05% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | AU$43.26M | 5.69 | 17.04% | 1.50% | 338.56% | 418.74% | |
61 Neutral | AU$47.08M | -30.43 | 3.43% | 6.89% | -26.20% | -112.45% | |
46 Neutral | AU$12.87M | -3.37 | -14.03% | 4.83% | -116.24% | -230.04% |
* Financial Sector Average
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.57
-0.09
-14.26%
AU:GC1
Glennon Small Companies Ltd
0.42
-0.04
-8.70%
AU:ECP
ECP Emerging Growth Ltd.
0.70
-0.47
-40.22%
AU:WMI
WAM Microcap Ltd.
1.46
0.05
3.91%
AU:SEC
Spheria Emerging Cos. Ltd.
2.44
0.14
6.04%
AU:KAT
Katana Capital Ltd.
1.37
0.16
13.60%
Salter Brothers Emerging Companies Ltd. Corporate Events
Director Robert Salter Increases Stake in Salter Brothers Emerging Companies
Jun 19, 2026
Salter Brothers Emerging Companies Limited has disclosed a change in director Robert Salter’s interests, with his combined direct and indirect holding in the company increasing significantly. Over the period from 15 to 18 June 2026, Salter a...
Salter Brothers Emerging Companies lifts April NTA as portfolio rebounds
May 12, 2026
Salter Brothers Emerging Companies reported a pre-tax net tangible asset value of $0.829 per share and post-tax NTA of $0.941 as at 30 April 2026, with total NTA of $79.16 million and shares trading at a 32.5% discount. The portfolio returned 3.38...
Salter Brothers’ Small-Cap Fund Hit by Sell-Off but Sees Rebound Potential
Apr 10, 2026
Salter Brothers Emerging Companies reported a pre-tax net tangible asset value of $0.798 per share and post-tax NTA of $0.920 as at 31 March 2026, with its shares trading at a 32.61% discount to NTA and delivering an annualised dividend yield of 6...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.