Obermatt

SRG Global

ASX:SRG · AU0000032914
Construction & EngineeringSmall

360

78
EV / EBIT11
Price / Owner Earnings9
Owner Earnings Yield34
Dividend Yield49
Price/Sales15
EV / Gross Profit65
Price/Book7
Return on Capital72
Cash Return on Capital74
Return on Equity59
EBIT Margin54
Gross Profitability92
Cash Conversion40
Accruals19
Owner Earnings Margin72
Sales growth91
Profit Growth45
Long-Term EPS Growth70
Owner Earnings Growth58
Reinvestment41
Price momentum97
Debt load56
Refinancing27
Debt Payback52
Liquidity84
Analyst ratings73
Opinion Changes88
Price Target Upside22
Market mood83
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

SRG Global generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryAustralia
IndustryConstruction & Engineering
SizeSmall
TypePublic Company
ExchangeASX
Founded2003
Employees1,513
ISINAU0000032914
Last UpdateApr 2, 2026
Themes
Industrial AutomationEnvironment, Health and Safety (EH&S)Environmental EngineeringEnvironmental ConsultingMining Equipment ProvidersMine Planning & Engineering ConsultantsMining TechnologyGIS (Geographic Information System)Civil EngineeringConstructionConsultingInfrastructure

Description

SRG Global Limited, provides engineering-led maintenance and industrial services, and engineering and construction services. Business Segments The company operates its segments into three primary categories: Asset Maintenance, Mining Services, and…

Analysis

Hope premium

SRG Global Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 39.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 15% a year, against analyst forecasts of 10%. The gap between price and consensus is worth watching: demanding expectations.

Growth is solid; the safety picture is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
73
2026

All-time high

73

Jun 2026

All-time low

72

Mar 2026

Average rank

72

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
15
Price/Earnings
12
Price/Book
7
Dividend Yield
49
Value (overall)
12

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →