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SRG Global Limited
(Sydney:SRG)
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Rating:69Neutral
Price Target:
AU$3.50
â–²(2.34% 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
Consistent double-digit top-line growth indicates durable demand for SRG’s maintenance, shutdown and engineering services. Over 2–6 months this supports pricing leverage, greater bargaining power for multi-year contracts and scope expansion with large resource and energy operators.
Negative Factors
Weakening Free Cash Flow
A decline in free cash flow growth and moderate operating cash conversion indicate pressure turning accounting profits into cash. Over 2–6 months this can constrain working-capital flexibility, limit self-funding of capex or require external funding for growth or large shutdown mobilizations.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit top-line growth indicates durable demand for SRG’s maintenance, shutdown and engineering services. Over 2–6 months this supports pricing leverage, greater bargaining power for multi-year contracts and scope expansion with large resource and energy operators.
Read all positive factors
SRG Global Limited (SRG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.16B
Dividend Yield1.7%
Average Volume (3M)1.93M
Price to Earnings (P/E)38.9
Beta (1Y)1.00
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 Ratio1.03
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 Upside13.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.15
Revenue Forecast (FY)AU$1.87B
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 primarily makes money by contracting to deliver industrial services and engineering work for clients that operate and maintain large physical assets (e.g., processing plants, facilities, and infrastructure). Revenue is generated through (1) se...
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
3.42
Price Trends
3.68
Negative
3.27
Positive
3.04
Positive
Market Momentum
-0.06
Negative
46.94
Neutral
66.67
Neutral
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 3.42 is below the 20-day moving average (MA) of 3.45, below the 50-day MA of 3.68, and above the 200-day MA of 3.04, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 46.94 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 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 |
|---|---|---|---|---|---|---|---|
85 Outperform | AU$989.38M | 33.97 | 42.55% | 4.50% | -16.50% | -24.00% | |
69 Neutral | AU$2.16B | 38.92 | 13.26% | 1.73% | 22.85% | 30.32% | |
69 Neutral | AU$932.61M | 24.36 | 7.03% | 3.47% | -34.08% | -36.57% | |
64 Neutral | AU$3.36B | 69.49 | 7.79% | 3.20% | 14.40% | -57.82% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$3.17B | 29.98 | 20.27% | 2.98% | 26.80% | 40.18% | |
60 Neutral | AU$5.10B | 32.08 | 7.97% | 3.39% | -4.99% | 120.98% |
* Industrials Sector Average
AU:SRG
SRG Global Limited
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SRG Global Limited Corporate Events
State Street Group Ceases to Be Substantial Holder in SRG Global
Jun 5, 2026
State Street Corporation, through several global asset management and custody subsidiaries, has lodged a notice that it has ceased to be a substantial holder in SRG Global Limited. The filing outlines that various State Street entities, including ...
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...
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.