AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
Swick Mining Services Ltd (ASX:SWK), Australia's 38th largest capital goods company by market capitalisation, dropped 1.0c (or 2.6%) to close at 37.50c, ending a two-day streak of rises. Compared with the All Ordinaries Index, which rose 20.3 points (or 0.4%) on the day, this was a relative price change of -3.0%. The volume was 1.0 time the average trading of 393,152 shares.
Bearish Signals
Downtrend
- The stock dropped 2.6% on high volatility today.
Fundamental measures by comparison with the sector average [in brackets] indicate Overvaluation:
- Price/Sales of 0.6 [0.6]. We estimate the shares are trading at a current year Price/Sales of 0.5 and a forward year Price/Sales of 0.4.
- Dividend yield of 2.7% [5.8%].
Description | Value | Rank In Market |
Price Change % | -2.6 | In Bottom Quartile |
Dividend Yield % | 2.7% | In Bottom Quartile |
Bullish Signals
- The present value of $1,000 (PV$1000) invested one year ago is $1,192, including a capital gain of $154 and dividend reinvested of $38.
PV$1000 | 1-week | 1-month | 1-year |
SWK.ASX | 1,000 | 974 | 1,192 |
All Ordinaries Index | 1,026 | 1,037 | 1,260 |
Fundamental measures by comparison with the sector average [in brackets] indicate Undervaluation:
- Price/Earnings of 9 [18.6].
- Price to Book of 0.9 [2.5]. We estimate the shares are trading at a current year Price to Book of 0.8 and a forward year Price to Book of 0.8.
- Return on Assets 6.4% [3.8%].
Other Bullish Signals:
- Total Liabilities/EBITDA of 1.6 is comfortably below 5, this compares favourably with the Joseph Piotroski benchmark of 5.
- The P/E of 9 multiplied by the P/NTA of 0.9 is 7.9. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
- The company is cash rich with Cash to Market Capitalisation at 18.1%.
- Interest cover defined by EBIT/I is 9.9 times. This indicates it is less leveraged.
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.6. Compared with the rest of the market the stock is undervalued.
Description | Value | Rank In Market |
Relative Strength (6M) | 86 | In Top Quartile |
Price/MAP200 | 1.26 | In Top Quartile |
EPS Growth % | 100 | In Top Quartile |
P/E * P/NTA | 7.95 | In Top Quartile |
Price to Sales | 0.6 | In Top Quartile |
Price Earnings | 9 | In Top Quartile |
Note
Volume: there were 374,697 shares worth $145,456 traded.
Beta: the Beta of this stock is 1.1. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
- It is at a discount of 10.7% to the 12-month high of 42.0c on 14 Feb, 2013. It is also at a premium of 59.6% to the 12-month low of 23.50c on 08 Aug, 2012.
Fundamental measures by comparison with the sector average [in brackets] indicate Parity:
- Return on Equity 9.2% [9.1%].
- Return on Capital Employed 11.5% [10.8%].
Description | Value | Rank In Market |
MCap | US$89.8 million | In 2nd Quartile |
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