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Supply Network Limited
(Sydney:SNL)
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Rating:72Outperform
Price Target:
AU$39.00
â–²(9.83% Upside)
Action:Reiterated
Date:08/26/26
The score is driven primarily by solid financial performance (improving profitability, strong ROE, and materially lower leverage) and supportive technical trend/momentum. These positives are moderated by a relatively expensive valuation (P/E ~32) and some operational/cash-conversion watch items (gross margin volatility and uneven operating cash flow vs. net income).
Positive Factors
Sustained Revenue and Profit Growth
Consistent expansion, combined with a rising net margin from ~8.5% in 2021 to ~11.8% in 2026, indicates improving earnings quality. Continued profitability provides a durable base for reinvestment and resilience across the auto-parts cycle.
Negative Factors
Gross Margin Volatility
A sharp gross-margin decline suggests exposure to product mix, pricing or input-cost pressure. If this volatility persists, it could make earnings less predictable and limit the company’s ability to convert revenue growth into sustained operating-profit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue and Profit Growth
Consistent expansion, combined with a rising net margin from ~8.5% in 2021 to ~11.8% in 2026, indicates improving earnings quality. Continued profitability provides a durable base for reinvestment and resilience across the auto-parts cycle.
Read all positive factors
Supply Network Limited (SNL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.56B
Dividend Yield2.06%
Average Volume (3M)62.93K
Price to Earnings (P/E)32.6
Beta (1Y)0.94
Revenue Growth15.55%
EPS Growth17.30%
CountryAU
Employees96
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.09
Shares Outstanding43,867,844
10 Day Avg. Volume89,382
30 Day Avg. Volume62,933
Financial Highlights & Ratios
PEG Ratio1.70
Price to Book (P/B)8.69
Price to Sales (P/S)3.46
P/FCF Ratio41.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$41.00Price Target Upside15.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.25
Revenue Forecast (FY)AU$457.34M
Supply Network Limited Business Overview & Revenue Model
Company Description
Supply Network Limited specializes in providing replacement components for the commercial transport sector throughout Australia and New Zealand. The company distributes truck and bus parts under its Multispares brand, and also offers a comprehensi...
How the Company Makes Money
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Supply Network Limited Financial Statement Overview
Summary
Income Statement
77
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 403.06M | 349.46M | 302.60M | 252.25M | 198.43M |
| Gross Profit | 93.12M | 153.64M | 128.66M | 57.39M | 84.77M |
| EBITDA | 81.06M | 61.20M | 57.03M | 47.08M | 35.43M |
| Net Income | 47.63M | 40.02M | 33.02M | 27.41M | 20.02M |
Balance Sheet | |||||
| Total Assets | 255.79M | 240.75M | 200.52M | 169.22M | 138.53M |
| Cash, Cash Equivalents and Short-Term Investments | 17.86M | 21.36M | 5.83M | 7.76M | 6.93M |
| Total Debt | 43.01M | 49.65M | 51.39M | 51.88M | 46.24M |
| Total Liabilities | 95.25M | 102.56M | 97.29M | 91.43M | 79.21M |
| Stockholders Equity | 160.54M | 138.19M | 103.23M | 77.79M | 59.33M |
Cash Flow | |||||
| Free Cash Flow | 33.24M | 28.21M | 12.15M | 14.70M | 15.08M |
| Operating Cash Flow | 38.36M | 32.17M | 16.49M | 19.03M | 18.12M |
| Investing Cash Flow | -5.12M | -700.00K | -4.33M | -4.33M | -3.01M |
| Financing Cash Flow | -36.54M | -14.71M | -14.43M | -14.99M | -13.72M |
Supply Network Limited Technical Analysis
Positive
35.51
Price Trends
33.58
Positive
32.59
Positive
32.93
Positive
Market Momentum
0.61
Negative
55.85
Neutral
57.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SNL, the sentiment is Positive. The current price of 35.51 is above the 20-day moving average (MA) of 34.97, above the 50-day MA of 33.58, and above the 200-day MA of 32.93, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 55.85 is Neutral, neither overbought nor oversold. The STOCH value of 57.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SNL.
Supply Network Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$1.56B | 32.56 | 30.40% | 2.06% | 15.55% | 17.30% | |
72 Outperform | AU$1.58B | 17.03 | 12.52% | 6.19% | -3.83% | -5.92% | |
71 Outperform | AU$49.75M | 23.15 | 16.84% | ― | 22.73% | 15.22% | |
64 Neutral | AU$1.14B | 64.15 | 16.37% | 0.44% | 31.23% | 83.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | AU$265.11M | 39.86 | 2.93% | 0.85% | 2.46% | ― | |
43 Neutral | AU$29.35M | -2.33 | -18.29% | 5.36% | -17.25% | 74.53% |
* Consumer Cyclical Sector Average
AU:SNL
Supply Network Limited
35.49
1.01
2.92%
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Supply Network Limited Corporate Events
Supply Network sets October date for 2026 AGM and board, incentive votes
Aug 26, 2026
Supply Network Limited has called its 2026 Annual General Meeting for 2:00pm AEDT on 23 October 2026 at the Sofitel Sydney Wentworth in Sydney, inviting shareholders to review the company’s financial, directors’ and auditor’s rep...
Supply Network Director Boosts Indirect Shareholding Under Incentive Plan
Aug 25, 2026
Supply Network Limited has notified the ASX of a change in director G D H Stewart’s relevant interests in company securities, in line with listing rule 3.19A.2. The disclosure records an increase in Mr Stewart’s indirect holding throug...
Supply Network Seeks ASX Quotation for New Employee Incentive Shares
Aug 24, 2026
Supply Network Limited has applied for quotation on the ASX of 114,000 new ordinary fully paid shares issued under an employee incentive scheme. The additional securities, to be quoted from 24 August 2026, expand the company’s listed capital...
Supply Network Updates Corporate Governance Disclosures
Aug 24, 2026
Supply Network Limited has released its updated Corporate Governance Statement along with an Appendix 4G, in line with ASX Listing Rules governing disclosure and compliance. The documents outline the company’s governance framework and confir...
Supply Network Mourns Founder Harry Forsyth, Affirms Enduring Legacy
Aug 21, 2026
Supply Network Limited has its roots in Leyspares, a garage-based automotive parts business launched in Sydney by Harry and Elaine Forsyth almost 50 years ago. Over time, it evolved into a listed, professionally governed company, retaining a stron...
Supply Network Adjusts Capital After Lapse of Incentive Shares
Aug 6, 2026
Supply Network Limited has reported the lapse of 7,000 incentive shares, following the cessation of conditional rights that could not be satisfied. The notified cessation, lodged with the ASX as an Appendix 3H, reflects a small adjustment to the c...
Supply Network pushes ANZ expansion as Multispares rides aftermarket growth
Jul 24, 2026
Supply Network Limited reported that its Multispares division maintained broad-based revenue growth in FY2026 despite higher diesel and lubricant costs and supply disruptions following the closure of the Strait of Hormuz. The company accelerated a...
Supply Network flags strong FY2026 result and lifts final dividend
Jul 24, 2026
Supply Network Limited reported preliminary unaudited financial results for the year to 30 June 2026, with consolidated sales revenue of $403.1 million and an expected profit after tax of about $47.7 million. Audited results are scheduled for late...
Supply Network Declares AUD 0.44 Final Dividend for FY 2026
Jul 24, 2026
Supply Network Limited has declared a final dividend of AUD 0.44 per fully paid ordinary share, relating to the 12-month period ended 30 June 2026. The distribution will be paid on 2 October 2026, with an ex-dividend date of 17 September and a rec...
Citi Group Entities Exit Substantial Shareholding in Supply Network
Jul 9, 2026
Citigroup Global Markets Australia and related Citi entities have notified Supply Network Limited that they have ceased to be a substantial shareholder in the company as of 7 July 2026. The change reflects adjustments in relevant interests across ...
Supply Network reshapes board oversight as long-serving director retires
Jun 24, 2026
Supply Network Limited has announced the retirement of long-serving director Peter William Gill, effective 30 June 2026, marking the end of more than 31 years with the company in senior finance, company secretary and board roles. Gill, who transit...
Pinnacle exits substantial holding in Supply Network after late ASX filing
Jun 23, 2026
Pinnacle Investment Management Group Limited and its listed subsidiaries have ceased to be substantial shareholders in Supply Network Limited as of mid-June 2026, according to a notice filed with the ASX. The change reflects a reduction in Pinnacl...
Citigroup Group Ceases to Be Substantial Holder in Supply Network
Jun 5, 2026
Supply Network Limited has disclosed that Citigroup Global Markets Australia and related Citi entities have ceased to be substantial shareholders in the company as of 3 June 2026. The change reflects reductions in relevant interests across several...
Citigroup Group Ceases to Be Substantial Holder in Supply Network Limited
May 29, 2026
Citigroup Global Markets Australia and related Citi entities have notified Supply Network Limited that they have ceased to be a substantial shareholder as of 27 May 2026. The change reflects a series of securities transactions and adjustments in r...
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.