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Diversified Australian conglomerate, renamed from Seven Group Holdings, owning WesTrac (Caterpillar dealer), Coates equipment hire and Boral construction materials plus energy and media stakes.
Diversified Australian conglomerate, renamed from Seven Group Holdings, owning WesTrac (Caterpillar dealer), Coates equipment hire and Boral construction materials plus energy and media stakes.
WesTrac earns from selling and servicing Caterpillar machines in Western Australia, New South Wales and the ACT, with parts and service on the installed fleet steadier than new-machine sales; Coates rents equipment to contractors; Boral sells cement, concrete and aggregates to builders. The Stokes family controls the group through Australian Capital Equity.
In one line: An industrial holding company mixing equipment dealing, hire and materials.
Moat: narrow (scale, distribution, installed base). Exclusive Caterpillar dealership territory and Australia's largest equipment hire fleet are hard to replicate.
Headquarters: Sydney, Australia · Founded: 2010 · Employees: 15,000
Size SGH (SGH.AX) is an Australia Industrials company (Wholesale Distributors) with a market value of $11.9B, the 32nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$42.46 on 6 Nov 2026.
Performance Over six months the shares gained 6.6%, against -6.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 1.4% over the last twelve months (peer median +4.4%); the operating margin is 13.2% (peer median 8.9%).
Valuation It trades at 18.1× forward earnings against a peer median of 17.9× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (8.9% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$10.6B | A$10.6B | A$10.7B | A$10.6B | A$9.63B |
| Revenue growth | — | -1% | +1% | +10% | — |
| Gross profit | A$2.25B | A$2.25B | A$2.17B | A$1.99B | A$1.73B |
| EBITDA | A$1.93B | A$1.93B | A$1.86B | A$1.77B | A$1.51B |
| Net income | A$689M | A$689M | A$523M | A$464M | A$597M |
| Free cash flow | A$709M | A$709M | A$653M | A$136M | A$592M |
| Capital expenditure | A$788M | A$788M | A$768M | A$675M | A$604M |
| Total debt | n/a | A$5.06B | A$5.37B | A$5.98B | A$5.88B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SGH.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.6% | +3.3% | 2nd highest of 21 |
| 6-month return | +6.6% | -6.8% | 6th highest of 21 |
| Distance from 52-week high | -18.3% | -19.8% | 11th highest of 21 |
| Revenue growth (TTM) | -1.4% | +4.4% | 4th lowest of 21 |
| Operating margin | 13.2% | 8.9% | 7th highest of 21 |
| Forward P/E | 18.1× | 17.9× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 11.4% | 9.7% | 7th most demanding of 20 |
| Growth delivered (Del g) | +17.0% | +11.3% | 5th highest of 20 |
| Hurdle (Req g minus delivered) | -5.6 pp | -1.3 pp | 7th least demanding of 20 |
| ROIC minus cost of capital | +0.8 pp | +3.3 pp | 8th lowest of 21 |
| EV / EBITDA | 11.4× | 13.3× | 6th cheapest of 17 |
| Net debt / EBITDA | 2.5× | 2.1× | 6th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SGH SGH.AX | Australia | $11.9B | +7% | -1% | 13% | 18.1× | 11.4% | +17.0% |
| Rexel RXL.PA | France | $11.9B | -10% | +1% | 6% | 13.5× | 7.7% | +9.0% |
| Bollore BOL.PA | France | $11.8B | -28% | -83% | -7% | 36.9× | 37.0% | -29.4% |
| QXO QXO | United States | $12.0B | -38% | +408% | -1% | 29.2× | 52.0% | +178.0% |
| Bunzl BNZL.L | United Kingdom | $12.0B | +22% | +2% | 7% | 15.3× | 2.3% | +3.2% |
| Diploma DPLM.L | United Kingdom | $12.6B | +4% | +13% | 22% | 27.5× | 23.9% | +23.1% |
| Toromont Industries TIH.TO | Canada | $10.7B | -15% | +16% | 15% | 20.2× | 7.6% | +8.4% |
| Applied Industrial Technologies AIT | United States | $10.3B | -8% | +8% | 11% | 23.0× | 8.6% | +8.9% |
| Zhejiang China Commodities City 600415.SS | China | $10.0B | -7% | +22% | 22% | 14.4× | n/a | n/a |
| Brenntag BNR.DE | Germany | $10.0B | 0% | -5% | 5% | 14.5× | 1.9% | +5.2% |
| WESCO International WCC | United States | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% | +13.8% |
| Hotai Motor 2207.TW | Taiwan | $8.90B | +10% | +8% | 11% | 13.2× | 1.5% | +3.9% |
| Core & Main CNM | United States | $8.76B | -6% | -1% | 10% | 14.3× | 5.3% | +16.0% |
| Addtech ADDT-B.ST | Sweden | $8.66B | -2% | +4% | 13% | 30.7× | 19.3% | +14.9% |
| Finning International FTT.TO | Canada | $8.20B | -9% | 0% | 8% | 17.5× | 10.1% | +11.3% |
| Beijer Ref BEIJ-B.ST | Sweden | $8.09B | +27% | +4% | 10% | 28.0× | 14.0% | +21.4% |
| Rongsheng Petrochemical 002493.SZ | China | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% | +22.1% |
| Reece REH.AX | Australia | $7.83B | +44% | +4% | 6% | 35.5× | 24.2% | +8.4% |
| MonotaRO 3064.T | Japan | $7.04B | +22% | +19% | 14% | 29.6× | 9.7% | +16.2% |
| Aluminum Corporation of China 601600.SS | China | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% | +5.3% |
| Imcd IMCD.AS | Netherlands | $6.80B | +7% | +3% | 8% | 18.2× | 10.9% | +11.5% |