WinstonWınston
Back
Scott Technology Limited logo

Scott Technology Limited

SCT.NZ
36
Industrial - Machinery · Industrials
Price
NZ$2.63
-0.02 (-0.75%)
Market Cap
NZ$221.2M
Exchange
New Zealand Exchange
Winston Score
36
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Feb 28, 2026
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Mixed
Stability
Strong
Valuation
Good
Dividends
Mixed

Share count rising — dilution

+5.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 78.4M (2021) → 82.4M (2025)

Winston Score History

The full picture

Scott Technology Limited is a New Zealand-based company that builds automated machines and robotic systems for factories. Its main products include robotic processing lines used in meat and food processing, as well as automation equipment for appliance manufacturing and other industrial customers. The company is one of the few specialized providers of robotic meat-processing technology in the world, serving large food producers across New Zealand, Australia, Europe, and the Americas.

Scott Technology earns money by designing, building, and selling custom automation systems, and also generates ongoing revenue from maintenance contracts and spare parts. The company operates globally but is headquartered in Dunedin, New Zealand, and has a market cap of roughly NZ$200 million. Its competitive edge comes from deep technical expertise in a narrow, specialized field that requires significant engineering knowledge to enter. The key growth driver is rising demand for factory automation in food processing, though its negative gross margin in recent periods signals ongoing pressure on project costs and profitability.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+5.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-3.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

NZ$0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

NZ$17M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Scott Technology Limited is growing revenue at 5% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
5.2%
Thin — 5.2% gross margin
Profit after running costs
Operating Margin
5.2%
Thin — 5.2% operating margin
Return on the money invested
ROCE
8.6%
Below par — 8.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+9.6%
Steady sales growth (+9.6% YoY)
Profit growth
EPS YoY
+79.2%
Earnings growing fast (+79.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
76%
Modest — 76% of profit becomes cash
Spare cash per sale
FCF Margin
2.4%
Thin free cash flow (2.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.26
Conservative — low debt load (0.26)
Covers its interest
Interest Cover
4.29x
Adequate interest coverage (4.3x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
15.3x
Fair value — P/E 15.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+0.9
GROWING
Earnings roughly flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
3.61%
Moderate income — 3.61% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
-12.5%
Dividend cut (-12.5% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial