Obermatt

Service Stream

ASX:SSM · AU000000SSM2
Construction & EngineeringMedium

360

80
EV / EBIT34
Price / Owner Earnings24
Owner Earnings Yield48
Dividend Yield65
Price/Sales67
EV / Gross Profit87
Price/Book28
Return on Capital58
Cash Return on Capital74
Return on Equity42
EBIT Margin20
Gross Profitability98
Cash Conversion65
Accruals85
Owner Earnings Margin42
Sales growth51
Profit Growth28
Long-Term EPS Growth10
Owner Earnings Growth21
Reinvestment93
Price momentum65
Debt load76
Refinancing51
Debt Payback60
Liquidity59
Analyst ratings91
Opinion Changes50
Price Target Upside25
Market mood83
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Service Stream clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryConstruction & Engineering
SizeMedium
TypePublic Company
ExchangeASX
Founded1996
Employees1,992
ISINAU000000SSM2
Last UpdateApr 2, 2026
Themes
Power GridOptical InfrastructureSmart MetersNetwork BackboneSmart Water Networks (SWN)

Description

Service Stream Limited undertakes a wide range of activities through its subsidiaries, primarily focusing on providing operation, maintenance, design, and construction services across multiple sectors, including telecommunications, utilities, and tra…

Analysis

Middle-of-the-road

Service Stream Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is fair. You pay 24.1× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
98
2023202420252026

All-time high

98

Jun 2026

All-time low

59

Jan 2026

Average rank

86

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
67
75
81
78
Price/Earnings
42
43
61
64
Price/Book
28
25
59
64
Dividend Yield
65
77
67
59
Value (overall)
53
57
49
54

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →