SHAPE AUSTRALIA CORPORATION LIMITED (SHA)
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SHA

SHA - SHAPE AUSTRALIA CORPORATION LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.86
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.44

11 Sep
2025

-0.040

OPEN

$4.48

-0.89%

HIGH

$4.50

21,774

LOW

$4.39

TARGET
$5.40 21.6% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
SHA: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 25.5 27.9 xxx
DPS (cps) xxx 22.5 24.7 xxx
EPS Growth xxx 32.6% 9.3% xxx
DPS Growth xxx 32.4% 9.8% xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 88.2% 88.5% xxx

Dividend yield today if purchased 3 years ago: 13.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.97

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: 26/08 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx25.5
DPS All xxxxxxxxxxxxxxx22.5
Sales/Revenue xxxxxxxxxxxxxxx947.6 M
Book Value Per Share xxxxxxxxxxxxxxx44.6
Net Operating Cash Flow xxxxxxxxxxxxxxx53.2 M
Net Profit Margin xxxxxxxxxxxxxxx2.23 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx62.14 %
Return on Invested Capital xxxxxxxxxxxxxxx37.61 %
Return on Assets xxxxxxxxxxxxxxx8.03 %
Return on Equity xxxxxxxxxxxxxxx62.14 %
Return on Total Capital xxxxxxxxxxxxxxx38.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx35.5 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 xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx21 M
Total Debt xxxxxxxxxxxxxxx24 M
Goodwill - Gross xxxxxxxxxxxxxxx7 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx128 M
Price To Book Value xxxxxxxxxxxxxxx9.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx2.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.21 %
Cost of Goods Sold xxxxxxxxxxxxxxx866 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

21/08/2025

1

Buy

$5.40

21.62%

Shape Australia reported record FY25 results, with net profit after tax up 32%, which largely met Shaw and Partners' expectations.

Secured work reached $981.6m, with a backlog up 8% annually to $492m at the end of FY25. The pipeline grew to $4bn and the tender rate was 53%. Overheads declined -20bps to 6.9%, with labour costs up 8% versus revenue growth of 14%.

No guidance for FY26 was offered, but earnings (EBITDA) margin was flagged as expanding, which the analyst expects will exceed revenue growth. The AGM will offer more details on the pipeline to backlog.

No change to the target price at $5.40 and Buy, High Risk rating. Shaw and Partners sees near-term upside for major contract wins in Defence and Health.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 24.70 cents and EPS of 27.90 cents.
Shaw and Partners forecasts a full year FY27 dividend of 26.60 cents and EPS of 30.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Moelis

25/08/2025

1

Buy

$5.13

15.54%

Moelis highlights Shape Australia's FY25 result was all about margin improvement, with both EBITDA and net profit margin beating its forecasts. The improvement was due to increase in high-margin modular project wins and the non-office sectors.

Backlogs were also skewed towards higher margin work and the company also secured pre-construction fee engagements that have greater probability of being converted to projects.

FY26 EPS forecast upgraded by 9% and FY27 by 10%.

Buy. Target price $5.13 (was $4.67 on June 23).

FORECAST
Moelis forecasts a full year FY26 dividend of 24.10 cents and EPS of 27.60 cents.
Moelis forecasts a full year FY27 dividend of 25.00 cents and EPS of 29.10 cents.
Access Extra Coverage Research History >

SHA STOCK CHART

FNArena News on SHA

1
Australian Broker Call *Extra* Edition – Aug 26, 2025

Aug 26 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 25, 2025

Aug 25 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 21-08-2025

Aug 21 2025 - Australia
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-06-25

Jun 27 2025 - Weekly Reports
5
In Brief: Decidr, Shape, Audinate, Light & Wonder

Jun 27 2025 - Weekly Reports

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