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Steamships Trading Company Limited engages in the shipping, transport, property, and hospitality operation businesses in Papua New Guinea. The company operates through three segments: Property and Hospitality, Logistics, and Commercial and Investment. It offers scheduled liner services; depot services comprising equipment hire, warehousing, and bonded or unbonded yard storage; short and long-term vessel charters specialized in shallow water river shipping; and intermodal logistics solutions linked to land-based services, such as road transport, cargo handling, storage, customs clearance, lay down areas, and warehousing. The company also provides towage, moorage, salvage, and commercial diving services; and operates a fleet of prime movers, heavy and light trucks, forklifts, and reach stackers for the transport of bulk fuel, containerized cargoes, and break-bulk cargoes. Further, it manages hotels and apartments; operates food and beverage business; and develops and operates residential, commercial, retail, and industrial properties. Additionally, the company is involved in the commercial and insurance activities. It operates a fleet of 13 coastal vessels; and 10 tugs and 10 associated support vessels. The company was incorporated in 1918 and is headquartered in Port Moresby, Papua New Guinea. Steamships Trading Company Limited operates as a subsidiary of John Swire & Sons (PNG) Limited.
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Steamships Trading Company Ltd is a diversified Pacific conglomerate providing maritime shipping and stevedoring, logistics, property and hospitality services primarily in Papua New Guinea and neighbouring Pacific markets. Long-term growth may be supported by infrastructure and resource-sector activity in PNG, rising trade and tourism, and urban property demand, and the company appears positioned to benefit from diversified service lines.
The main investment risks are heavy geographic concentration in Papua New Guinea with attendant political and regulatory uncertainty, sensitivity to cyclical trade and shipping volumes and infrastructure constraints, and foreign-exchange and commodity-driven economic volatility that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 109.42M | 69.42M | 84.39M | 86.07M | 88.43M |
| Minority interest | - | -1.15M | -0.52M | -1.46M | -1.07M |
| Net income | 71.63M | 45.84M | 58.14M | 57.98M | 90.55M |
| Selling general administrative | - | 15.01M | 174.53M | 148.89M | 112.43M |
| Selling and marketing expenses | - | 292.24M | 302.22M | - | - |
| Gross profit | 251.57M | 571.50M | 401.95M | 517.93M | 430.43M |
| Reconciled depreciation | - | 113.47M | 104.53M | 95.28M | 93.77M |
| Ebit | 83.23M | 69.40M | 100.22M | 113.86M | 88.08M |
| Ebitda | 215.61M | 182.87M | 204.74M | 209.14M | 181.85M |
| Depreciation and amortization | 132.37M | 113.47M | 104.53M | 95.28M | 93.77M |
| Operating income | 83.23M | 69.40M | 78.75M | 113.86M | 88.08M |
| Other operating expenses | 769.31M | 660.55M | 578.12M | 523.56M | 480.81M |
| Interest expense | 6.82M | 19.72M | 15.83M | 1.18M | 4.02M |
| Tax provision | - | 22.43M | 25.72M | 26.63M | 1.69M |
| Interest income | - | - | 14.17M | 13.54M | 9.82M |
| Net interest income | - | -19.72M | -1.65M | -1.18M | -4.02M |
| Extraordinary items | - | - | - | 0.00M | 4.88M |
| Income tax expense | 34.56M | 22.43M | 25.72M | 26.63M | 1.69M |
| Total revenue | 852.54M | 729.95M | 656.87M | 631.26M | 563.93M |
| Total operating expenses | 168.34M | 502.10M | 445.14M | 410.23M | 347.31M |
| Cost of revenue | 600.97M | 158.45M | 132.98M | 113.33M | 133.50M |
| Total other income expense net | 26.19M | -211.90M | 5.63M | -27.78M | 0.35M |
| Discontinued operations | - | - | - | - | 4.88M |
| Net income from continuing ops | - | 46.99M | 58.67M | 59.44M | 86.74M |
| Net income applicable to common shares | - | 45.84M | 58.14M | 57.98M | 90.55M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1919.86M | 1759.09M | 668.45M | 1515.38M | 1516.99M |
| Intangible assets | - | - | - | 76.43M | 76.43M |
| Other current assets | 0.00M | 14.78M | 0.00M | 15.09M | 18.23M |
| Total liab | 785.45M | 674.17M | 248.30M | 471.31M | 496.06M |
| Total stockholder equity | 1113.86M | 1067.42M | 413.47M | 1027.01M | 1004.68M |
| Other current liab | 10.66M | 6.71M | 3.14M | 8.54M | 2.79M |
| Common stock | 24.22M | 24.20M | 9.51M | 24.20M | 24.20M |
| Capital stock | - | - | - | 24.20M | 24.20M |
| Retained earnings | 1089.63M | 1043.22M | 403.96M | 1002.81M | 980.48M |
| Other liab | - | - | - | 34.95M | 28.40M |
| Good will | - | 76.43M | - | 76.43M | 76.43M |
| Other assets | - | - | - | 2.02M | 183.88M |
| Cash | 37.71M | 15.70M | 11.31M | 53.44M | 63.79M |
| Cash and equivalents | - | - | - | 53.44M | 63.79M |
| Total current liabilities | 283.74M | 200.00M | 59.82M | 359.11M | 198.69M |
| Current deferred revenue | - | - | 0.00M | - | 48.24M |
| Net debt | 600.28M | 469.16M | 175.73M | 266.66M | 261.04M |
| Short term debt | 173.04M | 86.52M | 14.00M | 242.85M | 55.86M |
| Short long term debt | - | - | - | 240.18M | 53.78M |
| Short long term debt total | 637.99M | 484.86M | 187.04M | 320.09M | 324.83M |
| Other stockholder equity | - | 0.00M | 0.00M | -1002.81M | - |
| Property plant equipment | - | - | - | 558.55M | 933.98M |
| Total current assets | 301.61M | 229.38M | 101.41M | 244.61M | 283.33M |
| Long term investments | - | - | - | 45.46M | 39.37M |
| Net tangible assets | - | - | - | 950.58M | 928.25M |
| Short term investments | - | - | - | - | 388.42M |
| Net receivables | 211.00M | 151.83M | 74.59M | 147.62M | 178.29M |
| Long term debt | - | - | - | 20.00M | 209.50M |
| Inventory | 52.91M | 47.07M | 15.51M | 28.46M | 23.01M |
| Accounts payable | 100.04M | 106.77M | 42.69M | 107.72M | 91.80M |
| Accumulated other comprehensive income | - | - | - | 1002.81M | - |
| Non currrent assets other | 0.00M | 570.59M | 30.02M | 199.41M | 167.68M |
| Non current assets total | 1618.25M | 1529.71M | 567.04M | 1270.77M | 1233.66M |
| Capital lease obligations | - | - | - | 59.91M | 61.55M |
| Long term debt total | - | - | - | 77.25M | 268.97M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -122.22M | -248.81M | -153.42M | 8.25M |
| Change to liabilities | - | - | - | 0.00M | 32.28M |
| Total cashflows from investing activities | -224.63M | -122.22M | -248.81M | -153.42M | -149.06M |
| Net borrowings | - | 0.00M | 153.96M | -2.13M | -53.73M |
| Total cash from financing activities | 43.73M | -34.02M | 119.29M | -38.44M | -91.19M |
| Change to operating activities | - | - | - | - | -3.00M |
| Net income | 71.63M | 45.84M | 61.36M | 57.98M | 90.55M |
| Change in cash | 5.83M | -21.98M | -27.00M | -8.34M | -78.66M |
| Begin period cash flow | 31.88M | 25.91M | 52.91M | 61.25M | 139.92M |
| End period cash flow | 37.71M | 3.92M | 25.91M | 52.91M | 61.25M |
| Total cash from operating activities | 193.11M | 134.26M | 103.56M | 153.26M | 93.77M |
| Depreciation | 132.37M | 113.47M | 110.32M | 95.28M | 93.77M |
| Other cashflows from investing activities | - | 108.90M | -22.54M | -24.27M | -52.33M |
| Dividends paid | 23.18M | -31.01M | -33.11M | -36.30M | -37.46M |
| Change to inventory | - | -7.59M | -11.02M | - | -5.73M |
| Change to account receivables | - | 32.89M | -37.11M | - | -14.85M |
| Other cashflows from financing activities | -2.62M | -0.68M | -1.56M | 27.75M | -5.96M |
| Change to netincome | - | - | - | 30.25M | -22.74M |
| Capital expenditures | 215.31M | 231.12M | 222.77M | 129.15M | 104.99M |
| Change in working capital | - | 20.34M | -47.53M | 13.53M | 9.82M |
| Other non cash items | -10.89M | -45.38M | 151.09M | -153.26M | -184.32M |
| Free cash flow | -22.20M | -96.86M | -119.21M | 24.11M | -104.99M |
Sector: Industrials Industry: Integrated Freight & Logistics
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SST Steamships Trading Company Ltd |
- -% |
9.00 | 12.86 | 8.64 | 1.27 | 0.80 | 2.20 | 6.29 |
| DBI Dalrymple Bay Infrastructure Ltd |
-0.01 0.18% |
5.60 | 80.14 | 18.08 | 4.08 | 2.68 | 6.89 | 15.88 |
| FRW Freightways Group Ltd |
- -% |
9.91 | 22.02 | - | 1.21 | 4.00 | 3.49 | 19.52 |
| KSC K & S Corporation Ltd |
- -% |
3.10 | 18.24 | 5.73 | 0.58 | 1.12 | 0.71 | 6.49 |
| CLX Cti Logistics Ltd |
0.01 0.36% |
2.78 | 9.23 | 12.94 | 0.63 | 1.61 | 1.01 | 4.72 |
Steamships Trading Company Limited engages in the shipping, transport, property, and hospitality operation businesses in Papua New Guinea. The company operates through three segments: Property and Hospitality, Logistics, and Commercial and Investment. It offers scheduled liner services; depot services comprising equipment hire, warehousing, and bonded or unbonded yard storage; short and long-term vessel charters specialized in shallow water river shipping; and intermodal logistics solutions linked to land-based services, such as road transport, cargo handling, storage, customs clearance, lay down areas, and warehousing. The company also provides towage, moorage, salvage, and commercial diving services; and operates a fleet of prime movers, heavy and light trucks, forklifts, and reach stackers for the transport of bulk fuel, containerized cargoes, and break-bulk cargoes. Further, it manages hotels and apartments; operates food and beverage business; and develops and operates residential, commercial, retail, and industrial properties. Additionally, the company is involved in the commercial and insurance activities. It operates a fleet of 13 coastal vessels; and 10 tugs and 10 associated support vessels. The company was incorporated in 1918 and is headquartered in Port Moresby, Papua New Guinea. Steamships Trading Company Limited operates as a subsidiary of John Swire & Sons (PNG) Limited.
@345 Building, Stanley Esplanade, Port Moresby, Papua New Guinea, 121
675 313 7400
3542
| Name | Title | Year Born |
|---|---|---|
| Mr. Rupert Peter Napier Bray | MD & Director | NA |
| Mr. Michael Richard Scantlebury | Fin. Director, Company Sec. & Exec. Director | NA |
| Mr. Greg Kettleton | JVPS National Terminals & Operations Mang. | NA |
| Ms. Deborah Onga | Group Legal Counsel | NA |
| Mr. Michael Richard Scantlebury | Finance Director, Company Secretary & Executive Director | NA |
| Mr. Greg Kettleton | JVPS National Terminals & Operations Manager | NA |
| Mr. Michael Richard Scantlebury | Finance Director, Company Secretary & Executive Director | NA |
| Mr. Greg Kettleton | JVPS National Terminals & Operations Manager | NA |
| Mr. Michael Richard Scantlebury | Finance Director, Company Secretary & Executive Director | NA |
| Mr. Greg Kettleton | JVPS National Terminals & Operations Manager | NA |
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