ACCENT GROUP LIMITED (AX1)
Share Price Analysis and Chart

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AX1 - ACCENT GROUP LIMITED

FNArena Sector : Apparel & Footwear
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.85
Index: ASX300 | ALL-ORDS

Accent Group is an Australian retailer and distributor of sports and lifestyle footware in Australia and New Zealand. Its stores include Athlete's Foot, Hype DC and Podium Sports. The company listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.54

02 Dec
2024

0.070

OPEN

$2.48

2.83%

HIGH

$2.59

2,189,312

LOW

$2.48

TARGET
$2.574 1.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BBN . CCX . CTT . MOZ . MYR . PMV . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
AX1: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 10.6 13.9 xxx
DPS (cps) xxx 13.0 13.5 xxx
EPS Growth xxx - 34.3% 31.0% xxx
DPS Growth xxx - 25.7% 4.2% xxx
PE Ratio xxx N/A 18.3 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 122.5% 97.4% xxx

Dividend yield today if purchased 3 years ago: 5.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.10

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: 11/09 - ex-div 4.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx10.6
DPS All xxxxxxxxxxxxxxx13.0
Sales/Revenue xxxxxxxxxxxxxxx1,448.1 M
Book Value Per Share xxxxxxxxxxxxxxx74.4
Net Operating Cash Flow xxxxxxxxxxxxxxx246.1 M
Net Profit Margin xxxxxxxxxxxxxxx4.11 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.84 %
Return on Invested Capital xxxxxxxxxxxxxxx7.13 %
Return on Assets xxxxxxxxxxxxxxx5.17 %
Return on Equity xxxxxxxxxxxxxxx13.84 %
Return on Total Capital xxxxxxxxxxxxxxx12.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx142.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx149 M
Long Term Debt xxxxxxxxxxxxxxx394 M
Total Debt xxxxxxxxxxxxxxx542 M
Goodwill - Gross xxxxxxxxxxxxxxx324 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx28 M
Price To Book Value xxxxxxxxxxxxxxx2.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx31.8 M
Capex % of Sales xxxxxxxxxxxxxxx2.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,114 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx209 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx0 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

22/11/2024

1

Buy

$2.47

-2.76%

Accent Group's softer-than-expected AGM trading update prompts Citi to lower FY25-27 profit forecasts by -9%, reflecting reduced gross margins due to higher promotional activity.

The analysts do not expect further gross margin contraction in 2H25 and forecast flat gross margins compared to the previous corresponding period.

Citi maintains a Buy rating, arguing the market is undervaluing the company’s longer-term growth potential and its superior scale benefits with landlords and suppliers.

The target price is reduced to $2.47 from $2.57.

FORECAST
Citi forecasts a full year FY25 dividend of 13.50 cents and EPS of 12.50 cents.
Citi forecasts a full year FY26 dividend of 16.10 cents and EPS of 14.70 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Wilsons

16/09/2024

1

Overweight

$2.55

0.39%

Post a field trip, Wilsons is more positive on the strategy to buy out Athletes Foot franchisees as the agreements come up for renewal for Accent Group.

The analyst also points to the strong brand growth in Hoka and believes the company will continue to benefit from the Vertical product which has grown 48% over the last three years (compound rate).

Overweight rating with a $2.55 target price.

FORECAST
Wilsons forecasts a full year FY25 dividend of 12.00 cents and EPS of 14.90 cents.
Wilsons forecasts a full year FY26 dividend of 15.40 cents and EPS of 19.20 cents.

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

AX1 STOCK CHART

FNArena News on AX1

1
Australian Broker Call *Extra* Edition – Nov 26, 2024

Nov 26 2024 - Daily Market Reports
2
Rudi’s View: Australia’s Most Highly Recommended Stocks

Oct 23 2024 - Rudi's View
3
Next Week At A Glance – 7-11 Oct 2024

Oct 04 2024 - Weekly Reports
4
Rudi’s View: Banks, Miners & Quality Small Caps

Sep 26 2024 - Rudi's View
5
Universal Stores Dressed For Youthful Success

Sep 25 2024 - Small Caps

Latest Apparel & Footwear News

1
Universal Stores Dressed For Youthful Success

Sep 25 2024 - Small Caps
2
Premier Investments: More Details Required

Sep 10 2024 - Small Caps
3
Accent Group: Ac-Cent-Tchu-Ate The Positive

Sep 10 2024 - Small Caps
4
A Premier Result, With De-Mergers Next

Mar 27 2024 - Australia
5
Accent Group: Break-Out!

Feb 13 2024 - Technicals
6
In Brief: US Banks, Insolvencies, Retail 

Mar 27 2023 - Weekly Reports
7
Oz Retailers Not All In The Same Aisle In 2023

Jan 17 2023 - Australia
8
City Chic Out Of Vogue

Nov 29 2022 - Australia
9
Baby Bunting’s Margins Go Out With The Bathwater

Oct 13 2022 - Small Caps
10
Universal Store: How Strong Are The Young?

Aug 30 2022 - Small Caps