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Structural Monitoring Systems Plc, (SMN) Fair Value & Analysis

Technology · AU · Market cap A$59.1M

SM Structural Monitoring Systems Plc, SMN · AU
PriceA$0.3750
Fair ValueA$0.0600
Upside-84.0%
Quality46/100
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Mixed Growth
Thin margins · 7.5% net margin
Low debt · negative free cash flow
Ranks above peers (8/12)
Narrow moat 41/100
Evidence: High Range A$0.0400 – A$0.0600 Share as image

Fair value as of: Jul 12, 2026

From 17 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from A$0.1100 to A$0.0600 (−45.5%) since Jun 24, 2026. Share price −1.3% over the past month.

Below-average quality, and screening another 84% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0600). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$0.9971 A$0.3000 Fair Value A$0.0600 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$0.3000 – A$0.9971 · fair‑value band A$0.0400 – A$0.0600 · the A$0.3750 price screens above the A$0.0600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Structural Monitoring Systems Plc, (SMN) currently trades at A$0.3750, while our model-based Fair Value estimate is A$0.0600, implying the stock looks roughly 84.0% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Structural Monitoring Systems Plc, generated revenue of A$32.0M at a net margin of 7.5%. Revenue grew 30.8% year over year. It earns a return on equity of 11.1%. Net debt stands at A$5.4M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$0.0400 (bear case) to A$0.0600 (bull case); at A$0.3750, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -84%, SMN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (A$0.0200 to A$0.3400). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income A$0.0900 A$0.0800 A$0.0500 76
ROIC Compounder A$0.0600 A$0.0700 A$0.0700 72
Gordon GGM A$0.0700 A$0.1200 A$0.1500 70
All 17 models by family
DCF Models
Owner Earnings A$0.1500 A$0.2900 A$0.5400 31
Earnings-Based
Graham-Dodd A$0.0100 A$0.0600 A$0.0800 54
Lynch FV A$0.0300 A$0.0400 A$0.0500 50
PEG = 1.0 A$0.0300 A$0.0400 A$0.0500 46
EPV A$0.0600 A$0.0700 A$0.0700 59
Dividend Discount
Gordon GGM A$0.0700 A$0.1200 A$0.1500 70
DDM Multi-Stage A$0.0700 A$0.1100 A$0.1300 61
Multiples
P/E Multiple A$0.0200 A$0.0200 A$0.0300 63
P/S Multiple A$0.0200 A$0.0200 A$0.0300 58
P/B Multiple A$0.0200 A$0.0200 A$0.0300 55
EV/EBIT A$0.1500 A$0.2000 A$0.2500 53
EV/EBITDA A$0.2600 A$0.3400 A$0.4300 54
EV/Revenue A$0.1100 A$0.1500 A$0.1900 43
Asset-Based
NCAV (Graham) A$0.0800 A$0.1000 A$0.1500 50
Economic Profit
Residual Income A$0.0900 A$0.0800 A$0.0500 76
ROIC Compounder A$0.0600 A$0.0700 A$0.0700 72
Growth Earnings
Growth-Adj P/E A$0.0400 A$0.0500 A$0.0700 68

Widest divergence: DCF Models (A$0.2900) versus Multiples (A$0.0200). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$32.0M
Revenue growth (YoY) +30.8%
Net margin 7.5%
Return on equity 11.1%
Free cash flow −A$651K FY2025
P/E ratio 19.0
More key figures
Operating margin 3.4%
EPS (TTM) A$0.0200
EPS growth (YoY) +4,649%
Net debt A$5.4M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 19

Profitability 38
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 37
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Structural Monitoring Systems Plc, together with its subsidiaries, engages in the design, development, and manufacture of avionic products in the Americas, Europe, the United Kingdom, Asia, Middle East, Australasia, and Africa. It operates through the AEM Avionics, AEM Contract Manufacturing, AEM Comparative Vacuum Monitoring (CVM), and Other segments.

Full company description

Structural Monitoring Systems Plc, together with its subsidiaries, engages in the design, development, and manufacture of avionic products in the Americas, Europe, the United Kingdom, Asia, Middle East, Australasia, and Africa. It operates through the AEM Avionics, AEM Contract Manufacturing, AEM Comparative Vacuum Monitoring (CVM), and Other segments. The company offers aircraft communication systems, loudspeaker systems, mission radios, avionics consoles, and caution/warning panels. It also provides CVM smart sensor solutions technology and test equipment for crack detection. In addition, it offers contract electronics manufacturing services. Structural Monitoring Systems Plc was incorporated in 2003 and is based in Nedlands, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Structural Monitoring Systems Plc, reported revenue of A$28.2M in FY2025 versus A$15.3M in FY2021, a compound +16.5%/yr. Reported net income was A$184K in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$28.2M
Latest YoY
+1.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.1%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.3%
Revenue +16.5%/yr
FY21 A$15.3M
FY22 A$15.7M
FY23 A$22.4M
FY24 A$28.0M
FY25 A$28.2M
Net income
FY21 −A$2.0M
FY22 −A$3.8M
FY23 −A$3.1M
FY24 −A$1.0M
FY25 A$184K

SMN screens 84% overvalued. Compare with Keysight Technologies, Inc →

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Cite: Fair Value Calculator (2026). "Structural Monitoring Systems Plc, Fair Value". https://www.fairvalue-calculator.com/stock/SMN

Peer Group

Scientific & Technical Instruments · 161 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Below median
Fair Value upside −84% · Bottom 25%
Return on equity (TTM) 11% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 31% · Top 25%
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 19.0× · Cheaper than 75% of peers
P/B 1.77× · Cheaper than median
P/S (TTM) 1.31× · Cheaper than median
EV/EBITDA 8.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 32
PAST 44 · sector 25
HEALTH 98 · sector 98
DIVIDEND 0 · sector 24

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $315.90 $84.16 -73%
Garmin Ltd GRMN $241.76 $146.67 -39%
Teledyne Technologies Incorporated TDY $635.52 $367.58 -42%
Chroma ATE Inc 2360 1,905 TWD 286.15 TWD -85%
Hexagon AB HEXAB kr 80.10 kr 52.93 -34%
MKS Inc MKSI $324.69 $77.46 -76%
AVIC Chengdu Aircraft Company 302132 ¥52.91 ¥34.47 -35%
Fortive Corporation FTV $61.78 $33.84 -45%
Trimble Inc TRMB $52.72 $24.47 -54%
Cognex Corporation CGNX $64.07 $13.75 -79%

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Frequently asked questions

Is Structural Monitoring Systems Plc, (SMN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$0.0600 versus a price of A$0.3750, about −84% (overvalued).
What is the fair value of SMN?
Our model-based fair value for Structural Monitoring Systems Plc, is A$0.0600 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$0.3750.
What is the quality score of SMN?
Structural Monitoring Systems Plc, has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Structural Monitoring Systems Plc, (SMN)?
Structural Monitoring Systems Plc, reported trailing-twelve-month revenue of about A$32.0M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of SMN?
The net profit margin of Structural Monitoring Systems Plc, is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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