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Saunders International Limited (SND) AI Stock Analysis

5 Followers
AU:SND

Saunders International Limited

(ASX:SND)

Select Model
Rating:50Neutral
Price Target:AUD 0.76â–²(0.00% Upside)
Action:reiterated
Date:08/28/26

The score is held back primarily by the 2026 financial reset (margin collapse, net loss, and negative operating/free cash flow), despite strong revenue growth and a relatively conservative balance sheet. Technical indicators also signal pronounced downside momentum, while valuation support is limited by the negative P/E and only modest dividend yield.

Positive Factors
Strong revenue growthStrong revenue expansion indicates Saunders is winning and executing a substantial volume of engineering, construction, and maintenance work. If sustained, this scale can improve customer relationships, support utilisation of internal capabilities, and provide a platform for future earnings recovery.
Negative Factors
Severe margin deteriorationThe dramatic margin collapse shows that higher revenue did not translate into profitable growth and points to significant pressure in project mix, pricing, or cost execution. Unless margins recover, additional contract volume could increase operational exposure without rebuilding sustainable earnings.

Saunders International Limited (SND) vs. iShares MSCI Australia ETF (EWA)

-20%-10%0%10%20%30%40%50%AU:SND-1.30%EWA+16.89%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 106.22M
Dividend Yield
1.32%
Average Volume (3M)
58.83K
Price to Earnings (P/E)
-91.6
Beta (1Y)
0.01
Revenue Growth
42.47%
EPS Growth
-144.81%
Country
Australia
Employees
585
Sector
Industrials
Sector Strength
63
Industry
Engineering & Construction

Saunders International Limited Business Overview & Revenue Model

Company Description

Saunders International Limited, together with its subsidiaries, provides design, construction, fabrication, shutdown, maintenance, and industrial automation services to organizations of steel storage tanks and concrete bridges in Australia and the Pa...

How the Company Makes Money

Saunders International primarily makes money by winning and executing contracts to deliver engineering, construction, and maintenance services for customers that own or operate industrial and infrastructure assets. Revenue is principally generated fr...

Saunders International Limited Financial Statement Overview

Summary

Revenue grew strongly in 2026 (~+32% YoY), but profitability and cash conversion weakened sharply: gross margin fell to ~3% (from ~51% in 2025), EBIT turned negative, and the company moved to a net loss. The balance sheet remains relatively conservative (debt-to-equity ~0.27; equity growth over time), but negative ROE and negative operating/free cash flow in 2026 meaningfully reduce confidence in earnings quality and financial flexibility.

Income Statement

52Neutral

Balance Sheet

76Positive

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue305.63M305.63M214.52M216.08M200.89M129.96M
Gross Profit9.78M9.78M108.85M107.40M22.02M12.45M
EBITDA3.98M3.98M7.49M19.02M17.58M11.73M
Net Income-935.00K-935.00K2.08M9.36M9.49M6.55M
Balance Sheet
Total Assets178.11M178.11M102.79M113.20M93.01M93.72M
Cash, Cash Equivalents and Short-Term Investments29.80M29.80M22.08M19.81M12.83M36.75M
Total Debt17.27M17.27M10.42M11.94M4.49M7.00M
Total Liabilities114.66M114.66M50.47M61.90M53.74M61.70M
Stockholders Equity63.44M63.44M52.32M51.30M39.27M32.02M
Cash Flow
Free Cash Flow-6.75M-6.75M13.72M16.67M-15.23M16.64M
Operating Cash Flow-1.67M-1.67M15.92M19.32M-14.10M19.76M
Investing Cash Flow-3.21M-3.21M-6.29M-5.49M-3.56M-3.28M
Financing Cash Flow12.61M12.61M-7.37M-6.86M-6.26M-3.65M

Saunders International Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price0.76

Price Trends

50DMA0.77Negative
100DMA0.87Negative
200DMA0.88Negative

Market Momentum

MACD-0.00Negative
RSI51.62Neutral
STOCH22.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SND, the sentiment is Neutral. The current price of 0.76 is above the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.77, and below the 200-day MA of 0.88, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 51.62 is Neutral, neither overbought nor oversold. The STOCH value of 22.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SND.

Saunders International Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

AU:SND against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:MNDAU:MND80OutperformAUD 3.28B27.0122.77%3.09%29.43%50.05%
AU:NWHAU:NWH69NeutralAUD 2.99B19.8823.03%3.33%31.39%451.49%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
AU:ACFAU:ACF61NeutralAUD 384.28M18.1310.64%3.72%30.67%-24.67%
AU:CVLAU:CVL60NeutralAUD 862.65M16.669.25%3.56%11.40%22.22%
AU:FWDAU:FWD57NeutralAUD 186.88M86.941.60%9.05%-6.28%-84.39%
AU:SNDAU:SND50NeutralAUD 105.24M-91.57-1.51%1.32%42.47%-144.81%

* Industrials Sector Average

Performance Comparison

-25%0%25%50%AU:SNDAU:MNDAU:FWDAU:ACFAU:NWHAU:CVLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:SND and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:SNDSaunders International Limited0.76-0.01-1.30%
AU:MNDMonadelphous Group Limited34.999.2936.15%
AU:FWDFleetwood Limited2.10-0.36-14.60%
AU:ACFAcrow Formwork and Construction Services Limited0.92-0.11-11.11%
AU:NWHNRW Holdings Limited6.912.0241.28%
AU:CVLCivmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh1.690.3627.27%

Saunders International Limited Corporate Events

Saunders Director Receives Performance Rights as Options Lapse

Nov 6, 2026

Saunders International Limited disclosed a change in director Angelo De Angelis’s direct securities interests dated 3 November 2026, with no company industry or product information provided in the release.De Angelis was granted 415,392 performance ri...

495,219 Saunders International Performance Rights Lapse

Nov 6, 2026

Saunders International Limited reported that 495,219 SNDAB performance rights ceased on 6 November 2026 after the conditions attached to them were not satisfied or became incapable of being satisfied. The lapse removes those conditional rights from t...

Saunders Director Andrew Bellamy Increases Shareholding via On-Market Trade

Oct 30, 2026

Saunders International has reported a change in the shareholding of director Andrew Bellamy, who increased his direct holding of ordinary fully paid shares. Bellamy acquired 20,000 shares via an on-market trade on 30 October 2026 for $15,400, lifting...

Saunders International Wins Strong Shareholder Backing at AGM

Oct 27, 2026

Saunders International Limited shareholders endorsed all resolutions put to the annual general meeting, signalling solid support for the company’s governance and remuneration arrangements. The non-binding remuneration report was carried with a clear...

Saunders International posts record FY26 revenue and advances infrastructure growth strategy

Oct 26, 2026

Saunders International has reported a strong FY26 performance, delivering record revenue of $305.6 million, up 42.5 percent on the prior year, with adjusted EBITDA of $9.8 million and adjusted NPATA rising 19.1 percent to $3.9 million. Cash holdings...

Saunders secures multi-year water deals, opening $2bn project pipeline

Oct 25, 2026

Saunders International has strengthened its national water footprint with four new multi-year arrangements across New South Wales, Western Australia, Queensland and Victoria. The deals, which span panel appointments, prequalification and a framework...

Saunders International Issues New Unquoted Performance Rights Under Employee Scheme

Oct 23, 2026

Saunders International Limited has issued 1,489,259 unquoted performance rights under its employee incentive scheme, with the new securities carrying restrictions on transfer and not being quoted on the ASX until those restrictions lapse. The move re...

Saunders Corrects FY2026 Dividend Franking Details

Aug 28, 2026

Saunders International has clarified that its FY2026 final dividend will be 1.00 cent per share, fully franked, correcting an earlier disclosure that mistakenly listed the franked amount as 0.70 cents per share. The correction ensures investors have...

Saunders Annual Report Highlights Commitment to First Nations Acknowledgement

Aug 27, 2026

Saunders International’s 2026 annual report opens with a formal Acknowledgement of Country, recognising Traditional Owners and Custodians across Australia and paying respect to First Nations peoples. The company underscores the importance of acknowle...

Saunders International Declares Final Dividend for FY 2026

Aug 27, 2026

Saunders International Limited has declared an ordinary dividend of AUD 0.01 per fully paid share, relating to the 12-month period ended 30 June 2026. The stock will trade ex-dividend on 14 September 2026, with a record date of 15 September and payme...

Saunders International Files 2026 Governance Statement With ASX

Aug 27, 2026

Saunders International Limited has lodged its Appendix 4G and confirmed the publication of its corporate governance statement for the year ended 30 June 2026 on its investor centre website. The statement, approved by the board as at 27 August 2026, o...

Saunders International Highlights Role in High-Compliance Critical Infrastructure

Aug 27, 2026

Saunders International Limited operates as an integrated infrastructure services provider, specialising in engineering, construction and ongoing support for critical assets in high-compliance markets across Australia. By serving sectors that demand r...

Saunders International posts record revenue and pipeline as Aqua Metro integration and defence breakthrough reposition group

Aug 27, 2026

Saunders International reported record FY2026 revenue of $305.6 million, up 42.5% year on year, with adjusted EBITDA rising 5.0% to $9.8 million and cash of $29.8 million supporting a strong balance sheet. Despite a statutory loss driven by first-hal...

Saunders International lifts revenue, posts loss and expands with Aqua Metro acquisition

Aug 27, 2026

Saunders International reported a 43% surge in revenue to AUD305.63 million for the year to 30 June 2026 but swung to a small loss, with profit after tax attributable to members falling to AUD(0.94) million and basic earnings per share declining to n...

Saunders International Seeks ASX Quotation for New Employee Incentive Shares

Aug 21, 2026

Saunders International Limited has applied for quotation on the ASX of 176,873 new ordinary fully paid shares issued under an employee incentive scheme. The securities, carrying the SND code, were issued on 17 August 2026, with the application lodged...

Saunders International schedules FY2026 results webinar to brief investors

Aug 14, 2026

Saunders International will release its full‑year FY2026 financial results on Thursday, 27 August 2026 and will host an investor webinar the same day at 2.00pm AEST to discuss the performance. The session will be led by Managing Director and CEO Ange...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 28, 2026