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Provides construction and asset-maintenance services, including civil, structural and remediation work, for mining and infrastructure clients.
Provides construction and asset-maintenance services, including civil, structural and remediation work, for mining and infrastructure clients.
Mixes repeat maintenance contracts at mines and industrial sites with construction projects won by tender, so the maintenance base cushions the lumpier project work. Most of its work is in Australia.
In one line: An Australian construction/asset-services contractor.
Moat: narrow (switching costs). Multi-year asset-maintenance contracts with resources and infrastructure clients.
Headquarters: Perth, Australia · Founded: 1978
Size SRG Global (SRG.AX) is an Australia Industrials company (Engineering & Construction) with a market value of $1.46B, the 145th largest of 316 Australia companies the cockpit tracks. Shares closed at A$3.32 on 6 Nov 2026.
Performance Over six months the shares gained 6.8%, against -15.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 26.6% over the last twelve months (peer median +5.6%); the operating margin is 6.6% (peer median 5.8%).
Valuation It trades at 22.1× forward earnings against a peer median of 11.5× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.0 points above its cost of capital (10.7% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$1.68B | A$1.68B | A$1.32B | A$1.07B | A$809M |
| Revenue growth | — | +27% | +24% | +32% | — |
| Gross profit | A$164M | A$164M | A$118M | A$97.6M | A$66.2M |
| EBITDA | A$164M | A$164M | A$119M | A$95.9M | A$73.1M |
| Net income | A$71.9M | A$71.9M | A$47.5M | A$34.4M | A$22.6M |
| Free cash flow | A$85.6M | A$85.6M | A$67.4M | A$68.2M | A$12.9M |
| Capital expenditure | A$43.4M | A$43.4M | A$28.4M | A$27.5M | A$31.6M |
| Total debt | n/a | A$171M | A$128M | A$87.7M | A$91.9M |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| SRG Global SRG.AX | $1.46B | +7% | +27% | 7% | 22.1× | 16.4% |
| Monadelphous MND.AX | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% |
| NRW NWH.AX | $1.95B | -17% | +31% | 6% | 13.6× | 8.5% |
| Downer EDI DOW.AX | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% |
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 | SRG.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.5% | -5.9% | 5th lowest of 21 |
| 6-month return | +6.8% | -15.2% | 6th highest of 21 |
| Distance from 52-week high | -20.6% | -32.5% | 4th highest of 21 |
| Revenue growth (TTM) | +26.6% | +5.6% | 4th highest of 21 |
| Operating margin | 6.6% | 5.8% | 10th highest of 21 |
| Forward P/E | 22.1× | 11.5× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 16.4% | -5.7% | 2nd most demanding of 14 |
| Growth delivered (Del g) | +24.1% | +3.2% | highest of 14 |
| Hurdle (Req g minus delivered) | -7.7 pp | -9.9 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +5.0 pp | -0.5 pp | 3rd highest of 21 |
| EV / EBITDA | 13.0× | 10.1× | 4th most expensive of 10 |
| Net debt / EBITDA | 0.2× | 0.7× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SRG Global SRG.AX | Australia | $1.46B | +7% | +27% | 7% | 22.1× | 16.4% | +24.1% |
| Hongrun Construction 002062.SZ | China | $1.45B | -11% | -12% | 7% | 31.6× | 5.6% | -12.6% |
| Shaanxi Construction Engineering 600248.SS | China | $1.45B | -25% | -25% | 0% | 2.7× | n/a | n/a |
| Jiangxi Ganyue Expressway 600269.SS | China | $1.44B | -7% | +3% | 28% | n/a | -11.6% | +4.4% |
| Zhejiang Construction Investment 002761.SZ | China | $1.42B | -14% | -12% | 0% | n/a | 13.0% | +0.4% |
| Ruentex Engineering & Construction 2597.TW | Taiwan | $1.50B | +5% | +20% | 14% | n/a | -5.0% | +16.8% |
| Beijing Gehua CATV Network 600037.SS | China | $1.40B | -16% | +24% | -5% | 39.4× | n/a | n/a |
| Dl E&c 375500.KS | South Korea | $1.53B | -48% | -17% | 4% | 5.2× | -8.3% | -5.3% |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 12.6× | -6.1% | +3.9% |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | n/a | n/a | n/a |
| Farglory Land Development 5522.TW | Taiwan | $1.34B | -18% | +164% | 26% | 7.7× | -13.6% | +3.0% |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 40.3× | n/a | n/a |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 10.4× | -5.7% | +5.4% |
| VA Tech Wabag WABAG.NS | India | $1.32B | +33% | +20% | 11% | 27.1× | 34.6% | +6.8% |
| Implenia IMPN.SW | Switzerland | $1.61B | +12% | -8% | 2% | 15.0× | 6.0% | -2.7% |
| Zhejiang Communications Technology 002061.SZ | China | $1.30B | -15% | -12% | 3% | 8.0× | -6.5% | +4.8% |
| Taiwan Cogeneration 8926.TW | Taiwan | $1.30B | +9% | +324% | 8% | n/a | n/a | n/a |
| Kumagai Gumi 1861.T | Japan | $1.30B | -20% | -4% | 6% | 9.0× | -9.2% | +1.6% |
| Lloyds Engineering Works LLOYDSENGG.NS | India | $1.29B | +36% | +83% | 11% | n/a | n/a | n/a |
| Shenzhen Urban Transport Technology 301091.SZ | China | $1.29B | -23% | +17% | 2% | 79.8× | n/a | n/a |
| Nippon Densetsu Kogyo 1950.T | Japan | $1.29B | -30% | +10% | 12% | 9.9× | -0.1% | +3.2% |