Stealth Global Holdings Ltd
ASX:SGI
Stealth Global Holdings Ltd
Stealth Global Holdings Ltd. operates as a multinational distribution group. The company is headquartered in Perth, Western Australia. The company went IPO on 2018-10-02. The firm through an omnichannel approach is a one-stop-shop for essential everyday items and total supply chain activities. The company is underpinned by sales specialists, physical store network, fulfillment services, distribution centers, e-Commerce and marketing, content and advertising programs to business customers (B2B) and to retail consumers (B2C). it operates in Australia, United Kingdom, Asia, and Africa under five subsidiary brands Heatley’s Safety & Industrial, C&L Tool Centre, Australian Workplace Supplies, Industrial Supply Group and BSA Brands (UK) a joint venture with Bisley Workwear.
Stealth Global Holdings Ltd. operates as a multinational distribution group. The company is headquartered in Perth, Western Australia. The company went IPO on 2018-10-02. The firm through an omnichannel approach is a one-stop-shop for essential everyday items and total supply chain activities. The company is underpinned by sales specialists, physical store network, fulfillment services, distribution centers, e-Commerce and marketing, content and advertising programs to business customers (B2B) and to retail consumers (B2C). it operates in Australia, United Kingdom, Asia, and Africa under five subsidiary brands Heatley’s Safety & Industrial, C&L Tool Centre, Australian Workplace Supplies, Industrial Supply Group and BSA Brands (UK) a joint venture with Bisley Workwear.
Revenue Growth: Stealth Global Holdings delivered transformational top-line growth of 46% in FY '22, with all business segments expanding.
Organic & Acquisition Gains: Organic growth was 21%, and acquisitions contributed $19 million, with six new company stores and 27 independent retailers added.
Margins Improve: Gross profit margin increased from 29% to 30%, up sharply from 18.4% four years ago.
Profit Reinvestment: All net profit has been reinvested into acquisitions and integration, temporarily keeping bottom-line profit low.
Inventory Investment: Inventory levels rose by $1 million to ensure supply chain resilience and improve margins.
Balance Sheet & Debt: Net debt increased to $21.4 million, with gearing at 40%, within the company’s acceptable range.
Outlook: Management anticipates continued growth, plans to double store count over three years, and targets 8% EBITDA and 5% net profit margins.
Challenges: Some acquired locations underperformed but are expected to improve with ongoing integration.
