Sarine Technologies (U77)

Business description

Sarine is the leading provider of equipment and services for the diamond manufacturing industry. These help to automate planning and maximise yield. It has also developed products that allow it to enter the much larger and more profitable wholesale and retail segments of the industry.

Stock data

Market cap.S$333.8m
Last closeS$0.95
High / Low (52 weeks)S$2.0 / S$0.9
Stock market listingSP
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(1.6)(28.4)(47.4)
Relative *(1.7)(32.5)(54.5)

* % Relative to local index

Other companies in sector Show

Company news

10 Things to Know About Sarine Technologies Ltd's Latest Earnings

Tue, 14 Nov 2017 03:00:40 GMT

Sarine Technologies Ltd Stock Is Near A 52-Week Low Now: Is It Cheap?

Mon, 21 Aug 2017 10:17:44 GMT

What Does Sarine Technologies Ltd Do and How Does it Make Money?

Wed, 26 Jul 2017 09:12:24 GMT

Why Did Sarine Technologies Ltd's Share Price Plunge 17% Last Week?

Fri, 20 Oct 2017 00:22:30 GMT

Sarine Technologies Ltd's Latest Earnings: What Investors Need to Know

Mon, 07 Aug 2017 09:33:50 GMT

Investment summary

Sarine’s ytd (Jan to Sep) profitability was relatively subdued, with lower equipment sales due to excess midstream inventories in Q2 and Q3, as well as the illicit actions of competitors. Simultaneously, Sarine incurred considerable R&D costs related to the development of Clarity and Colour grading technology and Sarine Profile. This was further exacerbated by the strengthening of the Israeli shekel. However, downstream demand remains strong (according to the company), while new products and lower R&D expenses should support earnings going forward. Sarine trades on a P/E of 16.3x FY17e, a 35% discount to the peer group.

Last updated on 22/11/2017

Key management

Daniel Gilnert, Chairman
David Block, CEO
Bill Kessler, CFO

Company address

4, Ha-Kharash
HOD HASHARON
4524075
Israel
View website