Well 900m would be a massive step up! Last year they did 0.175 first half and then 0.71m for the year or 0.535m for the second half or 25%/75% split. These were my quick estimates- I must say I haven't spent too long on them, SRH is (still) a small position and had multiple reports to look through last 2 days.
2013
2014
2015
2016
2017
DH18
2018
DH19
2019E
Rev
24.324
16.273
13.761
16.269
16.936
8.092
19.193
10.329
24.9509
EBITDA
0.814
0.504
0.8
0.488
1.371
0.668
PBT
-1.918
-1.283
-0.09
-0.157
0.154
0.174
0.71
0.288
OCF
0.098
1.022
1.033
0.431
1.47
0.775
Debt
-5.6
-5
-3
-2.496
-1.992
-1.379
-1.479
COGS
10.219
11.493
5.902
12.896
6.684
16.96661
Change inventories
-0.103
0.183
0.651
0.239
0.158
0.2
GP
5.947
5.626
2.841
6.536
3.803
8.184288
other income
0.113
0.102
0.076
0.124
0.023
0.04
Salary
3.23
3.277
1.704
3.591
2.081
4.2
MV costs
0.144
0.134
0.058
0.129
0.094
0.18
Occupancy
0.353
0.362
0.169
0.338
0.191
0.38
IT costs
0.156
0.16
0.071
0.151
0.07
0.15
Travel
0.308
0.183
0.063
0.173
0.167
0.33
Other
1.366
0.813
0.363
0.907
0.554
1
EBITDA
0.503
0.799
0.489
1.371
0.669
1.984288
D&A
0.451
0.459
0.241
0.515
0.296
0.673674
EBIT
0.052
0.34
0.248
0.856
0.373
1.310614
Finance costs
0.21
0.187
0.073
0.143
0.084
0.1
PBT
-0.158
0.153
0.175
0.713
0.289
1.210614
Tax
0.041
-0.035
0
-0.003
0
0
NPAT
-0.117
0.118
0.175
0.71
0.289
1.210614
ROE
1.75%
9.51%
13.96%
SRH Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held