Loading companies…

Stealth Group Holdings Ltd ASX:SGI

2 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 1 increased, 0 reduced. 5 managers in total.

Position history by manager Showing 3 of 5 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2 more managers have commented on SGIPro shows the full position history for all 5 managers.

Upgrade to Pro

20252026

16 Nov 2025 to today

Commentary Showing 2 of 8

DateManagerActionSummary

31 Aug 2026Perennial PartnersInitiatedPerennial Partners added a new position in Stealth Group Holdings during the month. No further detail on the specific investment rationale was provided beyond confirmation that the Fund initiated the holding.

Monthly Report, price recorded $1.40

The source document link is a Pro feature

8 Jul 2026Tamim Funds ManagementHeldTamim Funds Management continues to hold their investment because Stealth Group Holdings Ltd, a distributor and retailer of hardware, industrial, safety and related consumer products, has transformed following its November 2025 acquisition of Hardware and Building Traders into a network spanning roughly 1,200 store locations and 1,300 suppliers. The fund manager notes preliminary unaudited FY26 figures showed sales of at least $165 million, up 13.7%, EBITDA up 44.4% to $14.3 million, and net profit after tax up 87.1% to $5.8 million, with the EBITDA margin expanding to 8.7%. Tamim Funds Management highlights management's reaffirmed FY28 target of $500 million in sales at an 8-12% EBITDA margin, implying roughly $50 million of EBITDA within two years, and holds the internal view that this target implies upside of around 200% from current levels, while cautioning that the target sits ahead of external analyst consensus and that FY27 execution, particularly member purchasing growth and margin realisation within the guided range, will be the key test given the acquisition-led model's integration and cyclical end-market risks.

Article, price recorded $1.24

The source document link is a Pro feature

6 more comments on SGIPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 5 managers first commented on SGI.

View Pro

Articles

About Stealth Group Holdings Ltd

Industrials, Trading Companies and Distributors

Stealth Group (ASX:SGI), an industrial and hardware distributor, has delivered strong growth that fund managers are backing. In July 2026, Tamim Funds Management noted Stealth's preliminary FY26 numbers sent the shares sharply higher, with sales up 13.7% to $165 million, EBITDA up 44% to $14.3 million and profit up 87%, driven by its hardware and building division. Wilson Asset Management described Stealth as a founder-led business-to-business wholesaler and distributor focused on hardware, industrial, safety and consumer products, and Perennial added a new position. Stealth Group operates in the Industrials sector within the Trading Companies and Distributors industry, and Thesis Tracker has captured 7 comments from 4 fund managers, including Tamim, Wilson and Perennial. Founded in 2014 and headquartered in Perth, Stealth distributes industrial, safety, hardware and workplace products to trade, industrial and retail customers across Australia, and has grown through acquisitions such as Heatleys and Force Technology, aiming to build scale in industrial distribution.

Market cap: $180m
Price to earnings: 35.7x
Return on equity: 13.9%
Dividend yield: 1.1%
Price to book: 4.10x
Net margin: 4.0%
52-week range: $0.62 to $1.59

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Stealth Group Holdings Ltd (ASX:SGI)?

Fund managers including Wilson Asset Management have invested in Stealth Group Holdings Ltd (ASX:SGI).

What opportunities or catalysts do fund managers highlight for Stealth Group Holdings Ltd?

Managers highlight strong FY26 sales and earnings growth, founder-led management and growth through acquisitions in hardware and industrial distribution, according to Tamim, Wilson and Perennial.

What are the key risks to the Stealth Group Holdings Ltd investment thesis, according to fund managers?

The available commentary is positive and does not detail specific risks, though Stealth's growth relies on integrating acquisitions and on industrial and trade activity.

What does Stealth Group Holdings Ltd (ASX:SGI) do?

Stealth Group Holdings Ltd (est. 2014, Perth, Australia) is a multinational distributor of industrial, safety, and workplace products. The company operates through two primary segments: Business Solutions and Retail Solutions. The Business Solutions segment provides PPE, MRO, automotive, and general merchandise to commercial, trade, and DIY consumers. The Retail Solutions segment offers centralized supplier and member services supporting an extensive distribution network of Stealth-owned businesses and independent stores. Stealth Group focuses on delivering comprehensive supply chain solutions across diverse categories, including healthcare, hardware, cleaning, and construction.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…