Steamships Trading Company Ltd (SST) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Steamships Trading Company Ltd stock A$9.04, price A$9.32, that is 3.0% below the price, quality 49 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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IndustrialsAU · Based in Papua New Guinea · ISIN PG0008858709
STSome dataOct 30, 2026
Steamships Trading Company Ltd
SST · AU
Fairly valued,weak quality
The stock costs about what our calculation considers fair.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
60‑month range A$7.77 – A$15.73 · fair‑value band A$8.90 – A$10.94 · the A$9.32 price screens above the A$9.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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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.
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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.
Stock analysis
Steamships Trading Company Ltd (SST) currently trades at A$9.32, while our model-based Fair Value estimate is A$9.04, so the stock looks roughly fairly valued today (gap 3.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of A$13.01 per share, and 6 of the 15 models we run sit above the A$9.32 price.
Bear case: the Economic Profit group reads lowest at A$1.27, and 9 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: A$8.90 (bear) to A$10.94 (bull), the price of A$9.32 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Steamships Trading Company Ltd reported revenue of 853M PGK in FY2025 versus 564M PGK in FY2021, a compound +10.9%/yr. Reported net income was 71.6M PGK in FY2025, compounding −5.7%/yr from FY2021.
Key figures
Market cap A$289M (≈ $203M) Micro · P/E ratio 13.3 · P/S ratio 1.12 · EPS (TTM) A$0.7000 · Net margin 8.4% · Return on equity 6.0% · Return on assets (EBIT) 4.8% · Revenue (TTM) 753M PGK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −3%, SST screens cheaper than that median.
Fair Value models
BearA$8.90Fair Value A$9.04BullA$10.94
Price A$9.32 · Downside -3.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (A$0.5868 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.9% vs −2.1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer Groupⓘ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.Integrated Freight & Logistics · 209 stocks
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Cite: Fair Value Calculator (2026). "Steamships Trading Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SST.AU
Frequently asked questions
Is Steamships Trading Company Ltd (SST) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of A$9.04 versus a price of A$9.32, about 3% lower (fairly valued).
What is the fair value of SST?
Our model-based fair value for Steamships Trading Company Ltd is A$9.04 (as of Oct 30, 2026), built from audited fundamentals. The current price: A$9.32.
What is the quality score of SST?
Steamships Trading Company Ltd has a Quality Score of 49/100. 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 price target for Steamships Trading Company Ltd (SST)?
Our model-based price target is the fair value of A$9.04 (as of Oct 30, 2026) from 15 valuation models. Cautious scenario A$8.90, optimistic scenario A$10.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Steamships Trading Company Ltd stock forecast for 2026?
Our models put fair value at A$9.04, about 3% lower versus a price of A$9.32 (fairly valued). Cautious scenario A$8.90, optimistic scenario A$10.94. The calculation is refreshed regularly with new filings.
What is the revenue of Steamships Trading Company Ltd (SST)?
Steamships Trading Company Ltd reported trailing-twelve-month revenue of about 753M PGK (latest available figure, as of Oct 30, 2026).
What is the intrinsic value of Steamships Trading Company Ltd (SST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Steamships Trading Company Ltd it is A$9.04 per share (as of Oct 30, 2026), against a price of A$9.32. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Steamships Trading Company Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, SST trades above its calculated fair value: price A$9.32, fair value A$9.04, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SST?
No. The price is what the market pays today (A$9.32); the fair value is what the company's own numbers justify (A$9.04). For Steamships Trading Company Ltd the two are A$0.2800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Steamships Trading Company Ltd worth?
The market values Steamships Trading Company Ltd at about A$289M (market capitalisation, as of Oct 30, 2026). Per share that is A$9.32; our models calculate a fair value of A$9.04 per share.
What do the bullish and bearish scenarios say about SST?
Our models span a range for Steamships Trading Company Ltd: cautious scenario A$8.90, base A$9.04, optimistic A$10.94 per share (as of Oct 30, 2026, price A$9.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SST?
Steamships Trading Company Ltd trades at a price-to-earnings ratio of 13.3 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$9.04 is built from several models across several years. Other multiples: P/B 0.8, P/S 1.2, EV/EBITDA 5.7.
How solid is the balance sheet of Steamships Trading Company Ltd (SST)?
Balance-sheet figures for Steamships Trading Company Ltd (as of Oct 30, 2026): return on equity 6.0%, debt of 0.32 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is SST from its 52-week high?
Steamships Trading Company Ltd trades at A$9.32, about 20% below its 52-week high of A$11.62 and 4% above the low of A$8.95 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of A$9.04 is for.
Which stocks are comparable to Steamships Trading Company Ltd?
From the same area (Industrials) we also value United Parcel Service, Inc, FedEx Corporation, Deutsche Post AG, DSV A/S, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Steamships Trading Company Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price A$9.32, calculated fair value A$9.04 (−3%), Quality Score 49/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SST calculated?
We run Steamships Trading Company Ltd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$9.04, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Steamships Trading Company Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Steamships Trading Company Ltd (SST)?
The closing price on Oct 27, 2026 was A$9.32. Our model-based fair value is A$9.04, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Steamships Trading Company Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Steamships Trading Company Ltd (SST) come from?
Earnings per share at Steamships Trading Company Ltd grew −4.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.3 %, EBIT margin −6.2 %, tax rate −0.5 %, residual (interest, one-offs) +3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Steamships Trading Company Ltd
How large is the market capitalisation of Steamships Trading Company Ltd (SST)?
The market capitalisation of Steamships Trading Company Ltd is A$289M (≈ $203M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Steamships Trading Company Ltd (SST)?
The price-to-sales ratio of Steamships Trading Company Ltd is 1.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Steamships Trading Company Ltd (SST)?
Earnings per share at Steamships Trading Company Ltd are A$0.7000 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Steamships Trading Company Ltd (SST)?
The net margin of Steamships Trading Company Ltd is 8.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Steamships Trading Company Ltd (SST)?
The return on equity (ROE) of Steamships Trading Company Ltd is 6.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Steamships Trading Company Ltd (SST)?
On an EBIT basis the return on assets of Steamships Trading Company Ltd is 4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Steamships Trading Company Ltd (SST)?
Revenue at Steamships Trading Company Ltd is growing +14.3% versus a year earlier (3y avg +10.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Steamships Trading Company Ltd (SST)?
Earnings per share at Steamships Trading Company Ltd are growing −5.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Steamships Trading Company Ltd (SST) generate?
The free cash flow of Steamships Trading Company Ltd is −22.2M PGK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Steamships Trading Company Ltd (SST) carry?
The net debt of Steamships Trading Company Ltd is 600M PGK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 30, 2026