Salter Brothers Emerging Companies Ltd. (AU:SB2)
ASX:SB2
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Salter Brothers Emerging Companies Ltd.
(Sydney:SB2)
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Rating:61Neutral
Price Target:
AU$0.67
â–Ľ(-6.94% Downside)
Action:DowngradedDate:12/30/25
The score is driven primarily by solid balance-sheet strength (no debt, strong equity base) but is held back by volatile revenue and inconsistent cash flows. Technical signals are neutral-to-weak, while valuation is supported by a high dividend yield but tempered by a moderate P/E.
Positive Factors
Conservative balance sheet
No reported debt and an equity-heavy balance sheet provide durable financial flexibility and downside protection. This conservatism supports the firm’s ability to hold or support illiquid emerging-company positions through cycles and preserves optionality for capital deployment or distributions over months.
Negative Factors
Highly volatile revenue
Large swings and episodes of negative revenue indicate earnings are driven by lumpy investment outcomes, making revenue and earnings unpredictable. This structural volatility hampers forecastability of dividends, capital deployment and investor returns over the 2–6 month horizon and beyond.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
No reported debt and an equity-heavy balance sheet provide durable financial flexibility and downside protection. This conservatism supports the firm’s ability to hold or support illiquid emerging-company positions through cycles and preserves optionality for capital deployment or distributions over months.
Read all positive factors
Salter Brothers Emerging Companies Ltd. (SB2) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$56.33M
Dividend Yield6.89%
Average Volume (3M)153.71K
Price to Earnings (P/E)19.7
Beta (1Y)0.80
Revenue Growth30.36%
EPS Growth-31.47%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.07
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, an investment company, focuses on a portfolio of investment opportunities, primarily in Australian listed and unlisted securities. The company was incorporated in 2020 and is based in Melbourne, Australia....
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 | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.96M | 8.00M | -2.92M | -8.27M | 12.57M |
| Gross Profit | 6.96M | 8.00M | -2.92M | -8.27M | 12.57M |
| EBITDA | 0.00 | 0.00 | -3.08M | -13.15M | 4.41M |
| Net Income | 3.15M | 4.22M | -1.82M | -8.19M | 3.09M |
Balance Sheet | |||||
| Total Assets | 87.70M | 89.68M | 86.38M | 90.99M | 100.06M |
| Cash, Cash Equivalents and Short-Term Investments | 84.72M | 85.65M | 80.92M | 86.83M | 99.98M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 927.00K | 438.00K | 270.00K | 1.72M | 2.60M |
| Stockholders Equity | 86.78M | 89.24M | 86.11M | 89.27M | 97.46M |
Cash Flow | |||||
| Free Cash Flow | 6.08M | -2.69M | -437.00K | 5.04M | -16.42M |
| Operating Cash Flow | 6.08M | -2.69M | -437.00K | 5.04M | -16.42M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -5.61M | -1.09M | -1.33M | 0.00 | 21.27M |
Salter Brothers Emerging Companies Ltd. Technical Analysis
Neutral
0.72
Price Trends
0.69
Negative
0.71
Negative
0.69
Negative
Market Momentum
-0.01
Negative
53.04
Neutral
78.43
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 0.65, above the 50-day MA of 0.69, and above the 200-day MA of 0.69, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 78.43 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$60.75M | 2.97 | 35.99% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | AU$34.25M | 7.12 | 1.47% | 1.79% | -5.10% | ― | |
62 Neutral | AU$59.49M | 4.79 | 8.15% | 7.22% | 21.16% | 47.24% | |
61 Neutral | AU$56.33M | 19.67 | 3.43% | 6.89% | 30.36% | -31.47% | |
60 Neutral | AU$75.37M | 5.60 | 13.05% | 7.14% | 13.65% | -33.93% |
* Financial Sector Average
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.67
<0.01
0.90%
AU:TIP
Teaminvest Private Group Ltd
1.26
-0.51
-28.69%
AU:MAM
Microequities Asset Management Group Ltd.
0.47
-0.02
-3.53%
AU:CAF
Centrepoint Alliance Limited
0.35
0.04
14.38%
AU:PFG
Prime Financial Group Limited
0.23
0.02
9.76%
Salter Brothers Emerging Companies Ltd. Corporate Events
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...
Salter Brothers Emerging Companies Fund Posts NTA Update Amid Market Volatility
Mar 12, 2026
Salter Brothers Emerging Companies Ltd reported a pre-tax net tangible asset value of $0.967 per share and post-tax NTA of $1.044 as at 28 February 2026, with its shares trading at a 28.16% discount to NTA. The portfolio fell 5.01% in February ami...
Salter Brothers Emerging Companies Reiterates Disclaimers and Investment Risk Warnings
Mar 9, 2026
Salter Brothers Emerging Companies Ltd. has issued an information document outlining a high-level overview of its current activities and investment offering, emphasizing that the material is general in nature and not a formal prospectus or offer t...
Salter Brothers Emerging Companies Profit Slumps but Asset Base and Dividend Hold Up
Feb 24, 2026
Salter Brothers Emerging Companies Limited reported a sharp fall in half-year revenue and profit for the period ended 31 December 2025, with revenue from ordinary activities down 46.4% to $8.8 million and profit after tax down 45.5% to $5.7 millio...
Salter Brothers Emerging Companies Posts Flat Year as Portfolio Consolidates Gains and Trades at Deep NTA Discount
Jan 12, 2026
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...
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.
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