Business · Companies · 5 hrs ago
Stealth Group targets $500 million in sales by FY28
Stealth Group is an Australian distributor and retailer of hardware, industrial, safety and consumer products.
It competes with larger businesses such as Bunnings and Metcash, but operates from a smaller base.
Its sales have risen for 12 straight years, and over five years they grew at an annual compound rate of 18.8%.
In its latest reported full-year results, net profit rose 86.3% to $5.8 million, while revenue increased 6.7% to $146 million.
The acquisition of Hardware & Building Traders supports its growth plans, including central billing and a wider range of exclusive brands.
Stealth Group aims to reach $500 million in sales by FY28, with an EBITDA margin of 8% to 12%; the company says it is confident in delivering that strategy.
Stealth Group says it is aiming for $500 million in sales by FY28, with an EBITDA margin of 8% to 12%.
The Australian distributor and retailer reported revenue of $146 million, up 6.7%, and net profit of $5.8 million, up 86.3%.
Its growth plans rely in part on the acquisition of Hardware & Building Traders, completed during FY26.
The company recorded 12 consecutive years of positive sales results and five-year sales growth at a compound annual rate of 18.8%.
Broker Morgans initiated coverage with a buy recommendation and a $1.85 price target.
- Who
- Stealth Group Holdings Ltd, an Australian hardware, industrial, safety and consumer products distributor and retailer.
- What
- It is targeting $500 million in sales by FY28 and an EBITDA margin of 8% to 12%.
- When
- The target is for FY28; the year the target was announced is not stated.
- Where
- Australia.
- Why
- The company cites progress on Hardware & Building Traders’ central billing rollout, growth in its exclusive brand portfolio and sustained demand across its network.
This story does not have two clearly opposing sides.
Stealth Group reported net profit of $5.8 million, up 86.3%, and revenue of $146 million, up 6.7%.
Stealth Group completed its acquisition of Hardware & Building Traders.
Morgans initiated coverage of Stealth Group with a buy recommendation and a $1.85 price target.
Stealth Group is targeting $500 million in sales and an EBITDA margin of 8% to 12%.
- Sales target
- $500 million by FY28
- EBITDA margin target
- 8% to 12%
- Revenue
- $146 million, up 6.7%
- Net profit
- $5.8 million, up 86.3%
- HBT acquisition
- Completed during FY26
- Morgans price target
- $1.85 per share
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What people are saying
These targets are grounded in the progress already made on HBT's central billing rollout, our growing exclusive brand portfolio, and sustained demand across the network.
We are confident in our ability to deliver on this strategy and to continue creating long-term value for shareholders.
transformed SGI into a scalable, vertically integrated model with improved economics, which we believe the market is yet to price