SRG Global Limited (AU:SRG)
ASX:SRG
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SRG Global Limited
(Sydney:SRG)
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Rating:69Neutral
Price Target:
AU$4.00
â–˛(35.59% Upside)
Action:Reiterated
Date:06/04/26
The score is primarily supported by strong financial performance (revenue growth, solid margins, and manageable leverage), but is tempered by weakening free-cash-flow growth. Technically, the trend is strong, yet overbought RSI/Stoch readings raise near-term pullback risk. Valuation is a key headwind due to a high P/E and only modest dividend yield.
Positive Factors
Revenue Growth
Sustained double-digit revenue growth reflects durable demand for maintenance, shutdown and access services across resources, energy and infrastructure. Recurring contract work and project frequency support revenue visibility and reduce reliance on one-off wins over a multi-month horizon.
Negative Factors
Declining Free Cash Flow Growth
A decline in free cash flow growth suggests emerging pressure on cash generation despite revenue gains. Persisting FCF weakness can constrain reinvestment, limit ability to reduce debt or raise dividends, and reduce resilience to slower project cycles over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit revenue growth reflects durable demand for maintenance, shutdown and access services across resources, energy and infrastructure. Recurring contract work and project frequency support revenue visibility and reduce reliance on one-off wins over a multi-month horizon.
Read all positive factors
SRG Global Limited (SRG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.48B
Dividend Yield1.85%
Average Volume (3M)1.93M
Price to Earnings (P/E)44.7
Beta (1Y)1.09
Revenue Growth22.85%
EPS Growth30.32%
CountryAU
Employees198
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.09
Shares Outstanding626,592,200
10 Day Avg. Volume3,085,290
30 Day Avg. Volume1,933,693
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)2.60
Price to Sales (P/S)0.77
P/FCF Ratio15.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.89Price Target Upside31.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.13
Revenue Forecast (FY)AU$1.65B
SRG Global Limited Business Overview & Revenue Model
Company Description
SRG Global Limited, an Australian enterprise established in 1961 and based in Subiaco, delivers a comprehensive array of specialized, engineering-driven services on both a national and international scale. The company, which operated as Structural...
How the Company Makes Money
SRG makes money by contracting with asset owners and operators (e.g., in resources, energy, and infrastructure) to deliver maintenance, shutdown, and project services, generating revenue primarily from service fees billed under commercial contract...
SRG Global Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.45B | 1.32B | 1.07B | 808.99M | 644.24M | 569.54M |
| Gross Profit | 132.03M | 747.63M | 604.25M | 66.22M | 50.48M | 39.30M |
| EBITDA | 133.29M | 119.39M | 95.76M | 73.64M | 56.23M | 47.06M |
| Net Income | 55.16M | 47.48M | 34.44M | 22.56M | 20.13M | 12.05M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 855.32M | 640.48M | 620.35M | 497.29M | 450.91M |
| Cash, Cash Equivalents and Short-Term Investments | 126.23M | 111.86M | 73.36M | 47.85M | 59.43M | 46.36M |
| Total Debt | 206.82M | 127.96M | 87.69M | 91.86M | 57.29M | 55.34M |
| Total Liabilities | 591.77M | 462.90M | 335.43M | 329.87M | 262.73M | 224.11M |
| Stockholders Equity | 439.77M | 392.42M | 305.05M | 290.48M | 234.57M | 226.80M |
Cash Flow | ||||||
| Free Cash Flow | 60.22M | 66.47M | 66.30M | 11.50M | 40.24M | 35.67M |
| Operating Cash Flow | 86.36M | 94.85M | 93.75M | 43.13M | 61.12M | 55.17M |
| Investing Cash Flow | -73.24M | -119.87M | -25.27M | -102.48M | -33.56M | -17.32M |
| Financing Cash Flow | 8.01M | 63.61M | -42.94M | 47.86M | -14.54M | -19.68M |
SRG Global Limited Technical Analysis
Positive
2.95
Price Trends
3.18
Positive
2.95
Positive
2.76
Positive
Market Momentum
0.25
Negative
73.11
Negative
88.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SRG, the sentiment is Positive. The current price of 2.95 is below the 20-day moving average (MA) of 3.53, below the 50-day MA of 3.18, and above the 200-day MA of 2.76, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 73.11 is Negative, neither overbought nor oversold. The STOCH value of 88.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SRG.
SRG Global Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | AU$2.07B | 39.26 | 27.29% | 0.57% | 50.42% | 92.71% | |
75 Outperform | AU$963.83M | 32.24 | 42.55% | 5.24% | -16.50% | -24.00% | |
70 Outperform | AU$1.57B | 29.66 | 10.26% | 2.43% | -5.37% | 0.35% | |
69 Neutral | AU$2.48B | 44.74 | 13.26% | 1.85% | 22.85% | 30.32% | |
65 Neutral | AU$2.93B | 27.33 | 20.27% | 2.65% | 26.80% | 40.18% | |
64 Neutral | AU$3.21B | 65.75 | 7.79% | 3.20% | 14.40% | -57.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
AU:SRG
SRG Global Limited
3.95
2.41
155.99%
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AU:GNG
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94.17%
SRG Global Limited Corporate Events
State Street Entities Cease to Be Substantial Holder in SRG Global
May 29, 2026
SRG Global Limited has disclosed that a group of entities associated with State Street Corporation, including State Street Global Advisors and State Street Bank and Trust Company, has ceased to be a substantial holder in the company as of 27 May 2...
State Street Group Ceases to Be Substantial Holder in SRG Global
May 27, 2026
State Street Corporation and several of its asset management and trust subsidiaries, including State Street Global Advisors entities in the U.S., Europe, the U.K. and Australia, have lodged a notice that they have ceased to be a substantial holder...
State Street Group Ceases to Be Substantial Holder in SRG Global
Apr 10, 2026
State Street Corporation and several of its subsidiaries, including State Street Global Advisors entities in Australia, Europe and the U.S., have lodged a notice that they have ceased to be substantial shareholders in SRG Global Limited. The filin...
State Street Group Ceases to Be Substantial Holder in SRG Global
Apr 6, 2026
State Street Corporation, through various global asset management subsidiaries including State Street Global Advisors and State Street Bank and Trust Company, has lodged a notice that it has ceased to be a substantial holder in SRG Global Limited....
State Street Entities Exit Substantial Holder Status in SRG Global
Mar 31, 2026
State Street Corporation and a group of its asset management and banking subsidiaries have lodged a notice stating they have ceased to be a substantial holder in SRG Global Limited as of 27 March 2026. The change reflects a reduction in their rele...
SRG Global Director Linda O’Farrell Acquires Initial Stake of 20,000 Shares
Mar 22, 2026
SRG Global has disclosed a change in director Linda O’Farrell’s relevant interest in its securities, after she acquired 20,000 fully paid ordinary shares via an on-market purchase. The shares, bought for a total consideration of $48,60...
SRG Global Director Kerry Wilson Boosts Indirect Shareholding
Mar 22, 2026
SRG Global director Kerry Wilson has increased his indirect shareholding in the company through an on-market purchase, according to a notice lodged with the ASX. Wilson and his spouse jointly acquired 30,000 fully paid ordinary shares at $2.43 per...
SRG Global Director Increases Indirect Shareholding via Family Trust
Mar 22, 2026
SRG Global has disclosed a change in director Amber Banfield’s relevant interests, with an on‑market purchase of 21,000 fully paid ordinary shares through Rotto Pty Ltd as trustee for the Banfield Family Trust, at a total consideration...
SRG Global Announces Departure of Director Alan Rule
Mar 20, 2026
SRG Global Limited has announced that director Alan Rule has ceased to be a director of the company as of 20 March 2026, with a final notice lodged to the ASX. The filing confirms that Rule held no relevant interests in SRG Global securities, eith...
SRG Global Announces Resignation of Non-Executive Director Alan Rule
Mar 20, 2026
SRG Global Ltd has announced the resignation of Non-Executive Director Alan Rule from the board, effective immediately, citing personal reasons for his departure. The change modestly reshapes the company’s governance structure, and investors...
SRG Global Joins S&P/ASX 200 Amid Broad Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, triggering a series of promotions and removals across the SP/ASX 20, 50, 100, 200 and 300. The reshuffle reflects shifting market capitalisations and sect...
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.