Saunders International Limited (AU:SND)
ASX:SND
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Saunders International Limited
(Sydney:SND)
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Rating:56Neutral
Price Target:
AU$0.81
â–²(0.49% Upside)
Action:ReiteratedDate:02/26/26
The score is held back primarily by weakening fundamentals (revenue decline, very thin net margin, and a sharp drop in free cash flow growth) and bearish technical trend signals (price below major moving averages, negative MACD). A stable balance sheet with low leverage and a moderate dividend yield provide partial support but are not enough to offset profitability and momentum risks.
Positive Factors
High gross margin
A sustained gross margin ~50.7% reflects strong cost control and pricing on engineering and construction contracts. This structural margin buffer helps absorb project cost inflation, supports reinvestment in capabilities, and preserves operating leverage even if revenue growth is uneven.
Negative Factors
Declining revenue
Nearly 10% revenue decline suggests weakening project wins or lower client demand. Over several quarters this reduces scale advantages, pressures fixed-cost absorption, and forces reliance on margin recovery or new markets; sustained declines could erode competitive position.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A sustained gross margin ~50.7% reflects strong cost control and pricing on engineering and construction contracts. This structural margin buffer helps absorb project cost inflation, supports reinvestment in capabilities, and preserves operating leverage even if revenue growth is uneven.
Read all positive factors
Saunders International Limited (SND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$117.55M
Dividend Yield2.78%
Average Volume (3M)62.05K
Price to Earnings (P/E)―
Beta (1Y)0.02
Revenue Growth-0.72%
EPS Growth-78.03%
CountryAU
Employees505
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.03
Shares Outstanding140,641,160
10 Day Avg. Volume36,254
30 Day Avg. Volume62,054
Financial Highlights & Ratios
PEG Ratio-0.54
Price to Book (P/B)1.71
Price to Sales (P/S)0.42
P/FCF Ratio6.53
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)0.02
Revenue Forecast (FY)AU$327.50M
Saunders International Limited Business Overview & Revenue Model
Company Description
Saunders International Limited engages in the design, fabrication, construction, and maintenance of bulk liquid storage facilities, tanks, and road and rail bridges in Australia. The company also manufactures precast concrete products for transpor...
How the Company Makes Money
Saunders International Limited generates revenue primarily through its project-based operations in the engineering and construction sectors. The company's key revenue streams include contracts for the design and construction of water and wastewate...
Saunders International Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 231.77M | 214.52M | 216.08M | 200.89M | 129.96M | 101.24M |
| Gross Profit | 57.92M | 108.85M | 107.40M | 22.02M | 12.45M | 12.37M |
| EBITDA | -7.46M | 7.49M | 19.02M | 17.58M | 11.73M | 10.11M |
| Net Income | -7.11M | 2.08M | 9.36M | 9.49M | 6.55M | 5.54M |
Balance Sheet | ||||||
| Total Assets | 153.68M | 102.79M | 113.20M | 93.01M | 93.72M | 51.91M |
| Cash, Cash Equivalents and Short-Term Investments | 26.66M | 22.08M | 19.81M | 12.83M | 36.75M | 23.82M |
| Total Debt | 27.59M | 10.42M | 11.94M | 4.49M | 7.00M | 2.42M |
| Total Liabilities | 93.31M | 50.47M | 61.90M | 53.74M | 61.70M | 23.81M |
| Stockholders Equity | 60.37M | 52.32M | 51.30M | 39.27M | 32.02M | 28.11M |
Cash Flow | ||||||
| Free Cash Flow | 1.42M | 13.72M | 16.67M | -15.23M | 16.64M | 13.81M |
| Operating Cash Flow | 3.69M | 15.92M | 19.32M | -14.10M | 19.76M | 15.56M |
| Investing Cash Flow | -4.50M | -6.29M | -5.49M | -3.56M | -3.28M | -1.73M |
| Financing Cash Flow | 8.15M | -7.37M | -6.86M | -6.26M | -3.65M | -1.01M |
Saunders International Limited Technical Analysis
Negative
0.81
Price Trends
0.90
Negative
0.86
Negative
0.83
Positive
Market Momentum
>-0.01
Negative
41.69
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SND, the sentiment is Negative. The current price of 0.81 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.90, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.69 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SND.
Saunders International Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$38.27M | 3.42 | 7.07% | ― | -9.21% | -42.37% | |
69 Neutral | AU$289.75M | 12.10 | 9.11% | 5.71% | 25.14% | -14.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | AU$64.29M | 7.32 | 17.89% | 0.49% | -8.28% | 89.71% | |
56 Neutral | AU$117.55M | -6.43 | -12.62% | 2.78% | -0.72% | -78.03% |
* Industrials Sector Average
AU:SND
Saunders International Limited
0.85
0.02
2.41%
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0.32
0.18
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Acrow Formwork and Construction Services Limited
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0.21
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183.78%
Saunders International Limited Corporate Events
Saunders Delivers Record Revenue but Swings to H1 Loss as Pipeline Hits $4.9bn
Feb 24, 2026
Saunders International posted record half-year revenue of $143.6 million for H1 FY2026, up 13.7% on the prior period, but reported an adjusted EBITDA of just $0.37 million and an adjusted after-tax loss of $2.8 million as margins tightened. The ba...
Saunders Swings to Half-Year Loss Despite Revenue Rise and Aqua Metro Acquisition
Feb 24, 2026
Saunders International reported a sharp earnings reversal for the half-year to 31 December 2025, posting a net loss after tax of $4.2 million compared with a $5.0 million profit a year earlier, despite a 13.7% rise in revenue to $143.6 million. Th...
Saunders International Sets Date for H1 FY2026 Results Briefing
Feb 11, 2026
Saunders International Limited, an Australian engineering and construction company focused on fluid storage, transfer infrastructure and industrial asset services, operates across Defence and Government, Water, Energy and Resources, and industrial...
Saunders International Lodges Final Director Interest Notice for Departing Board Member
Jan 16, 2026
Saunders International Limited has notified the ASX that Mark Benson ceased to be a director of the company on 31 December 2025, with this filing serving as his final director’s interest notice. At the time of his departure, Benson held subs...
Saunders Wins $16.4m Ampol Refinery Contract to Boost Energy Infrastructure
Jan 14, 2026
Saunders International has secured a $16.4 million contract at Ampol’s Lytton Refinery in Brisbane to renew and refurbish an existing fuel storage tank, supporting the ongoing upgrade and future-proofing of critical refinery infrastructure. ...
Saunders Wins $10.4m Water Infrastructure Contract in South West Sydney
Dec 22, 2025
Saunders International has secured a $10.4 million contract from Ward Civil to build new potable and recycled water reservoirs, along with associated structural infrastructure, as part of the Wilton Integrated Services Program in South West Sydney...
Saunders to Release 4.1 Million Escrowed Shares from Piping Solutions Acquisition
Dec 21, 2025
Saunders International has announced that 4,109,954 fully paid ordinary shares currently subject to voluntary escrow will be released on 6 January 2026. These shares were originally issued on 6 January 2024 as part of the consideration for the acq...
Saunders International Lands $20M Defence Fuel Infrastructure Project in Western Australia
Dec 18, 2025
Saunders International Limited has secured a $20 million subcontract for Defence fuel infrastructure at RAAF Base Learmonth, Western Australia, awarded by CPB Contractors. The project, which includes aviation fuel hydrant piping and an airfield li...
Saunders International to Quote New Securities on ASX
Dec 11, 2025
Saunders International Limited has announced the application for quotation of 144,859 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, which is expected to enhance emplo...
Saunders International Director Increases Stake with New Performance Rights
Nov 28, 2025
Saunders International Limited has announced a change in the interests of its director, Angelo De Angelis, who has acquired an additional 377,112 performance rights under the FY26 LTVR program. This move, approved by shareholders at the 2025 Annua...
Saunders International Announces Director’s Interest Change
Nov 28, 2025
Saunders International Limited announced a change in the director’s interest, with Mark Benson acquiring additional performance rights under the FY26 LTVR program. This change, approved at the 2025 Annual General Meeting, reflects the compan...
Saunders International Issues Unquoted Performance Rights
Nov 28, 2025
Saunders International Limited has announced the issuance of 784,964 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s efforts to incentivize a...
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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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.