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Last edited 3 years ago
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#4Q21 4C Update
stale
Added 3 years ago

SDV’s 4Q21 4C (quarterly report) was very good with cash receipts +80% to $14.7m and operating cash flow of $1.4m.  FY21 Cash Receipts were $41.9m which equates to 3.5x market cap of $148m.  It was +136% higher than FY20 of $17.8m. 3.5x cash receipts is low compared to the growth rate.

Operating cash flow for FY21 was $1.3m but there was a significant cash outflow in 1Q21 but it was positive for the remaining 3 quarters.  Cash is at $7.01m.   

The 1Q22 4C will be interesting to see if there is a repeat of the large cash out of the previous year or not.

SDV provides bespoke solutions to their solid-liquid separation requirements.

Perennial Value and Australia Super are substantial holders.

The company has been delivering so far, with significant growth (helped by the Highland acquistion) and if this continues into FY22 the future is bright for SDV.

#Chart breakout
stale
Added 3 years ago

SDV has broken out of its range and reached a new 12 month high of $0.99.  Price has gone up from $0.70 only two weeks ago.  Renewed interest in the company after their latest acquisition of Haldon water acquisition

#1H 21 Result
stale
Added 3 years ago

8 Feb 21: SDV released their 1H21 result.  Revenue was A$18.3m up an impressive +300% yoy.  EBITDA turned positive to $0.94m (from -$0.02m).  Turned a slight profit of $0.43m (from -$0.19m).  Free Cash Flow (FCF) was -$4.9m though which the company attributes to timing issues.  Cash was $7.1m.

At $0.755, the market cap is $107m, which at an annualised Revenue run rate of >$35m, is an EV/Rev of less than 3x.

All the sectors which SciDev target, Mining and Mineral Processing, Oil & Gas, Infrastructure & Construction, Water and Wastewater all have multi billion dollar total addressable markets.

If SDV continue to excute like this half then it will be one to keep an eye on.

(Disclosure - I hold)