More information is available subsequent to the FY2016 result being declared. I will add to that my own sleuthing on likely contributions from RobotWorx and MAR earlier this month. So what is my best guess for the outlook for SCT over FY2017 now?
|
Divisional Profit (NPAT) |
Explanation |
Superconductor Magnets |
$0m |
(Increased sales offset by costly new HQ) |
Meat Industry Robots |
$6.400m |
(20% NPAT margin on $32m sales, equiv 4 big installations) |
Appliance Production Lines |
$2.099m |
(Mirror of FY2013 segment result based on $16.3m turnover) |
Mining Services |
$2.981m |
(Adjusted from FY2014 segment result based on $17m turnover) |
RobotWorx USA |
$1.309m |
(From my post 593) |
MAR Australia |
$0.845m |
(From my post 595) |
Interest From Cash Balance |
$0.739m |
(based on 3.0% of $34.244m taxed at 28%) |
less Head Office Costs |
($3.515m) |
(Unallocated FY2015 costs) |
Total |
$10.858m |
(addition) |
(Note: I have used FY2015 heads office costs are these are not corrupted by the JBS takeover one off effects.)
With 74.680m shares on issue this gives a projected 'eps' of:
$10.858m / 74.680m shares = 14.5cps
At $2.60, SCT is on a projected PE ratio for FY2017 of:
$2.60 / $0.145 = 17.9