SERKO LIMITED (SKO)
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SKO - SERKO LIMITED

FNArena Sector : Software & Services
Year End: March
GICS Industry Group : Software & Services
Debt/EBITDA: -0.49
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.40

13 Nov
2024

0.010

OPEN

$3.35

0.29%

HIGH

$3.45

11,035

LOW

$3.35

TARGET
$4.25 25.0% upside
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360 . ADA . AHI . ALC . AMX . ATA . BMT . COS . DOC . EVS . GTK . KYP . NET . NXL . QOR . RDY . UBN . VGL . XF1 . YOJ . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
SKO: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) - 1.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-12.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx63.7 M
Book Value Per Share xxxxxxxxxxxxxxx88.0
Net Operating Cash Flow xxxxxxxxxxxxxxx5.5 M
Net Profit Margin xxxxxxxxxxxxxxx-23.09 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-13.16 %
Return on Invested Capital xxxxxxxxxxxxxxx-13.00 %
Return on Assets xxxxxxxxxxxxxxx-11.73 %
Return on Equity xxxxxxxxxxxxxxx-13.16 %
Return on Total Capital xxxxxxxxxxxxxxx-17.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx1 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx74 M
Price To Book Value xxxxxxxxxxxxxxx4.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx10.6 M
Capex % of Sales xxxxxxxxxxxxxxx16.62 %
Cost of Goods Sold xxxxxxxxxxxxxxx69 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

29/05/2024

1

Buy

$4.25

25.00%

Serko reported FY24 earnings results with Ord Minnett pointing to a significant improvement in free cash flow, narrowing the loss from -NZ$32.6m in FY23 to -NZ$7.1m in FY24, driven by the incremental impact of the Booking.com deal.

Management revised revenue guidance for FY25 down to NZ$88-92m, reflecting a challenging economic climate in Europe is much lower than the analyst's expectations.

The extension of the Booking.com deal until March 2029 removes uncertainty around the stock and  the analyst expects potential upside for a contract opportunity.

There are "material" declines in the EPS forecasts, highlights Ord Minnett.

Buy rating unchanged. Target lowered to $4.25 from $5.45.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.83 cents.
Ord Minnett forecasts a full year FY26 EPS of 17.29 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

01/11/2024

2

Overweight

-

-

Serko would meaningfully expand its presence in North America with the proposed acquisition of Sabre's GetThere booking tool and strategic partnership with the global distribution system, Jarden notes.

The proposed acquisition makes strategic sense in the broker's view, providing an installed customer base with scale in North America, a market in which Serko has struggled to gain meaningful traction despite apparent travel management company support.

At this stage, Jarden views the proposed acquisition and partnership as valuation-neutral and will seek further information at the December 10 investor event. Target rises to NZ$4.70 from NZ$4.65, Overweight retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.18 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 8.28 cents.
Access Extra Coverage Research History >

SKO STOCK CHART

FNArena News on SKO

1
Australian Broker Call *Extra* Edition – Nov 01, 2024

Nov 01 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 07-06-2024

Jun 07 2024 - Australia
3
Next Week At A Glance – 27-31 May 2024

May 24 2024 - Weekly Reports
4
Next Week At A Glance – 13-17 May 2024

May 10 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – May 08, 2024

May 08 2024 - Daily Market Reports

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