SRG Global Limited (SRG) AI Stock Analysis

• Market Cap: AU$1.89B
• Dividend Yield: 1.85%
• Average Volume (3M): 1.93M
• Price to Earnings (P/E): 37.3
• Beta (1Y): 1.07
• Revenue Growth: 23.76%
• EPS Growth: 21.18%
• Country: AU
• Employees: 198
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.06
• Shares Outstanding: 626,592,200
• 10 Day Avg. Volume: 3,085,290
• 30 Day Avg. Volume: 1,933,693
• PEG Ratio: 1.02
• Price to Book (P/B): 2.60
• Price to Sales (P/S): 0.77
• P/FCF Ratio: 15.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$3.15
• Price Target Upside: 5.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: AU$3.50 ▲(16.67% Upside)

SRG Global Limited's strong financial performance and upward technical momentum are offset by overvaluation concerns and overbought technical indicators. The company's robust revenue growth and profitability are positive, but the high P/E ratio and overbought conditions suggest caution.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for SRG's services, enhancing its market position and supporting long-term business expansion.

Profitability Margins

Strong profitability margins reflect operational efficiency and effective cost management, which are crucial for sustaining long-term financial health.

Balance Sheet Health

A solid balance sheet with manageable leverage supports SRG's growth initiatives and provides financial stability, crucial for long-term resilience.

Negative Factors

Free Cash Flow Decline

A decline in free cash flow growth could strain SRG's ability to fund operations and investments, impacting long-term cash generation and financial flexibility.

Low Net Profit Margin

A low net profit margin suggests potential inefficiencies in cost management, which could affect profitability and competitiveness over time.

Cash Management Concerns

Effective cash management is essential for sustaining operations and supporting growth; concerns here could hinder SRG's long-term strategic initiatives.

SRG Global Limited Business Overview & Revenue Model

Company Description

SRG Global Limited provides engineering-led specialist asset maintenance, mining services, and engineering and construction services in Australia and internationally. The company operates through Asset Maintenance; Mining Services; and Engineering and Construction segments. The Asset Maintenance segment supplies integrated services to customers in various sectors, including oil and gas, energy, infrastructure, offshore, mining, power generation, water treatment plants, commissioning, decommissioning, shutdowns, and civil works. The Mining Services segment offers ground solutions, including production drilling, ground and slope stabilization, and design engineering and monitoring services. The Engineering and Construction segment supplies integrated products and services to customers involved in the construction of infrastructure, which includes bridges, dams, office towers, high rise apartments, shopping centers, hotels, car parks, recreational buildings, and hospitals. The company was formerly known as Structural Systems Limited and changed its name to SRG Global Limited in November 2014. SRG Global Limited was founded in 1961 and is headquartered in Subiaco, Australia.

How the Company Makes Money

SRG generates revenue primarily through contracts for services in the mining, infrastructure, and industrial sectors. Key revenue streams include asset management and maintenance services, engineering and consulting services, and project delivery across various sectors. The company often engages in long-term contracts with clients, providing a steady income stream. Additionally, partnerships with major industry players and government agencies can lead to significant project opportunities, enhancing SRG's market presence and overall earnings. The company also benefits from ongoing maintenance contracts that provide recurring revenue.

SRG Global Limited Financial Statement Overview

Summary

SRG Global Limited exhibits strong financial performance with robust revenue growth and healthy profitability margins. The balance sheet is solid, with manageable leverage and strong return on equity. However, the decline in free cash flow growth suggests a need for careful cash management.

Income Statement

SRG Global Limited has demonstrated strong revenue growth with a 12.18% increase in the latest year, indicating robust demand for its services. The company maintains healthy profitability margins, with a gross profit margin of 56.50% and a net profit margin of 3.59%. The EBIT and EBITDA margins are also solid at 5.51% and 9.02%, respectively, showcasing operational efficiency. However, the net profit margin is relatively low compared to the gross margin, suggesting room for improvement in cost management.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of 0.33, indicating prudent use of leverage. The return on equity is strong at 12.10%, demonstrating effective use of shareholder funds to generate profits. The equity ratio stands at 45.88%, highlighting a solid capital structure. While the debt levels have increased, they remain within a reasonable range, supporting the company's growth initiatives.

Cash Flow

Cash flow analysis reveals a slight decline in free cash flow growth, which decreased by 1.94% in the latest period. The operating cash flow to net income ratio is moderate at 0.26, suggesting that the company is generating sufficient cash from operations to cover its net income. The free cash flow to net income ratio is healthy at 0.70, indicating good cash conversion. However, the decline in free cash flow growth warrants attention to ensure sustainable cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.32B	1.32B	1.07B	808.99M	644.24M	569.54M
Gross Profit	411.94M	747.63M	604.25M	66.22M	50.48M	39.30M
EBITDA	120.50M	119.39M	95.76M	73.64M	56.23M	47.06M
Net Income	47.48M	47.48M	34.44M	22.56M	20.13M	12.05M
Balance Sheet
Total Assets	855.32M	855.32M	640.48M	620.35M	497.29M	450.91M
Cash, Cash Equivalents and Short-Term Investments	111.86M	111.86M	73.36M	47.85M	59.43M	46.36M
Total Debt	127.96M	127.96M	87.69M	91.86M	57.29M	55.34M
Total Liabilities	462.90M	462.90M	335.43M	329.87M	262.73M	224.11M
Stockholders Equity	392.42M	392.42M	305.05M	290.48M	234.57M	226.80M
Cash Flow
Free Cash Flow	67.40M	66.47M	66.30M	11.50M	40.24M	35.67M
Operating Cash Flow	94.85M	94.85M	93.75M	43.13M	61.12M	55.17M
Investing Cash Flow	-119.87M	-119.87M	-25.27M	-102.48M	-33.56M	-17.32M
Financing Cash Flow	63.61M	63.61M	-42.94M	47.86M	-14.54M	-19.68M

SRG Global Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SRG, the sentiment is Neutral. The current price of 3 is below the 20-day moving average (MA) of 3.02, above the 50-day MA of 2.89, and above the 200-day MA of 2.09, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.09 is Neutral, neither overbought nor oversold. The STOCH value of 53.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SRG.

SRG Global Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNP	73 Outperform	AU$1.36B	38.65	25.18%	0.57%	36.30%	82.20%
GNG	71 Outperform	AU$736.89M	21.46	50.61%	5.24%	12.96%	8.19%
SSM	70 Outperform	AU$1.41B	23.08	12.08%	2.43%	1.65%	84.19%
SRG	66 Neutral	AU$1.89B	37.31	13.62%	1.85%	23.76%	21.18%
MND	65 Neutral	AU$3.11B	36.01	17.57%	2.65%	7.20%	32.60%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
NWH	56 Neutral	AU$2.39B	89.60	4.71%	3.20%	12.18%	-73.81%

SRG Global Limited Corporate Events

SRG Global Secures $650 Million in Contracts Across Diverse Sectors

SRG Global Limited has secured $650 million in contracts with blue-chip clients across diverse sectors in Australia and New Zealand. These contracts span water, defence, transport, energy, industrial, resources, health, and education sectors, highlighting SRG Global’s strong market position and capability to deliver specialized services. This significant achievement underscores the company’s strategic focus on sustainable growth and its ability to leverage its diverse expertise to secure new business opportunities.

The most recent analyst rating on (AU:SRG) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on SRG Global Limited stock, see the AU:SRG Stock Forecast page.

SRG Global Announces Director’s Interest Change

SRG Global Limited has announced a change in the director’s interest notice, specifically regarding Mr. Roger Lee. The change involves the acquisition of 1,050,000 performance rights by Mr. Lee through an indirect interest in a trust, following shareholder approval. This adjustment in director’s interests reflects SRG Global’s ongoing governance and compliance with corporate regulations, potentially impacting the company’s leadership dynamics and shareholder relations.

The most recent analyst rating on (AU:SRG) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on SRG Global Limited stock, see the AU:SRG Stock Forecast page.

SRG Global Director Increases Performance Rights

SRG Global Limited has announced a change in the interest of its director, Mr. David Macgeorge, in the company’s securities. The change involved the acquisition of 1,550,000 performance rights, increasing his total to 9,200,000 performance rights, while his holding of fully paid ordinary shares remains unchanged at 8,424,534. This adjustment follows shareholder approval received in October 2025, reflecting a strategic move to align the director’s interests with the company’s performance goals.

The most recent analyst rating on (AU:SRG) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on SRG Global Limited stock, see the AU:SRG Stock Forecast page.

SRG Global Completes Acquisition of Total AMS Pty Ltd

SRG Global Limited has completed the acquisition of Total AMS Pty Ltd, issuing nearly 14 million new shares to TAMS vendors as part of the transaction. This strategic acquisition is expected to enhance SRG Global’s service offerings and strengthen its market position in the infrastructure services industry.

The most recent analyst rating on (AU:SRG) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on SRG Global Limited stock, see the AU:SRG Stock Forecast page.