AUSTAL LIMITED (ASB)
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ASB

ASB - AUSTAL LIMITED

FNArena Sector : Commercial Services & Supplies
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.74
Index: ASX200 | ASX300 | ALL-ORDS

Austal is an Australian ship building company and defence contractor. It specialises in the design, construction and support of defence and commercial vessels. It has been a listed company since 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$7.74

30 Sep
2025

0.160

OPEN

$7.60

2.11%

HIGH

$7.87

1,925,304

LOW

$7.60

TARGET
$7.65 -1.2% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AIM . ANN . CUP . DGL . IMB . KPG . RDX . SRV .
FNARENA'S MARKET CONSENSUS FORECASTS
ASB: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 23.7 20.3 xxx
DPS (cps) xxx 0.0 1.3 xxx
EPS Growth xxx 100.0% - 14.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 40.3 xxx
Dividend Yield xxx N/A 0.2% xxx
Div Pay Ratio(%) xxx N/A 6.6% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/09 - ex-div 3c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx23.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,823.3 M
Book Value Per Share xxxxxxxxxxxxxxx311.9
Net Operating Cash Flow xxxxxxxxxxxxxxx406.3 M
Net Profit Margin xxxxxxxxxxxxxxx4.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.76 %
Return on Invested Capital xxxxxxxxxxxxxxx6.39 %
Return on Assets xxxxxxxxxxxxxxx3.56 %
Return on Equity xxxxxxxxxxxxxxx7.76 %
Return on Total Capital xxxxxxxxxxxxxxx5.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx211.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx260 M
Total Debt xxxxxxxxxxxxxxx267 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx584 M
Price To Book Value xxxxxxxxxxxxxxx2.01

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx195.6 M
Capex % of Sales xxxxxxxxxxxxxxx10.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,593 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx150 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx20 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

02/09/2025

3

Neutral

$7.95

2.71%

Austal delivered solid FY25 results, with Australasia earnings (EBIT) beating Macquarie's forecast by 110% and consensus by 207%, which offset a weaker US result, below the analyst's forecast by -12% and -16% lower than consensus.

The Commonwealth of Australia and Austal announced a landmark agreement which appoints the company as the strategic shipbuilder for Tier 2 surface combatants at Henderson, WA, and as the main contractor to deliver both the 18 Medium Landing Craft and Heavy Landing Craft.

Macquarie notes this adds around $4bn-$5bn to the order book when contracted, while the outlook for the US continues to improve.

The analyst tweaks EPS forecasts down by -4.5% for FY26 and up by 8.5% for FY27. Target price lifts 13% to $7.95. Neutral rating retained on valuation grounds.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 18.40 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 24.80 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

29/09/2025

3

Hold

$7.07

-8.66%

Harking back to late-August, Petra Capital notes Austal delivered a stronger-than-expected FY25 result, with an underlying EBIT margin of 5.8% versus 3.9% in FY24.

The uplift was driven by operating leverage from higher revenue and productivity gains, well ahead of the broker's 4.7% margin forecast.

The analyst expects revenues to rise over the next three years, supported by secured work in hand and tender conversions, with peak revenue in FY28 and peak EBIT margin in FY32 as multi-ship programs mature.

Petra Capital retains a Hold rating with a $7.07 target price, up from $6.67.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 13.50 cents and EPS of 17.00 cents.
Petra Capital forecasts a full year FY27 dividend of 21.00 cents and EPS of 29.30 cents.
Access Extra Coverage Research History >

ASB STOCK CHART

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