ACCENT GROUP LIMITED (AX1)
Share Price Analysis and Chart

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AX1

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

$1.355

16 Sep
2025

0.010

OPEN

$1.35

0.74%

HIGH

$1.36

1,884,019

LOW

$1.33

TARGET
$1.756 29.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BBN . CCX . CTT . MYR . PMV . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
AX1: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 10.1 10.5 xxx
DPS (cps) xxx 7.0 7.1 xxx
EPS Growth xxx - 4.6% 4.0% xxx
DPS Growth xxx - 46.2% 1.1% xxx
PE Ratio xxx N/A 12.9 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 69.2% 67.3% xxx

Dividend yield today if purchased 3 years ago: 5.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.15

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.1
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx1,470.9 M
Book Value Per Share xxxxxxxxxxxxxxx79.0
Net Operating Cash Flow xxxxxxxxxxxxxxx247.1 M
Net Profit Margin xxxxxxxxxxxxxxx3.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx12.90 %
Return on Invested Capital xxxxxxxxxxxxxxx6.82 %
Return on Assets xxxxxxxxxxxxxxx4.80 %
Return on Equity xxxxxxxxxxxxxxx12.90 %
Return on Total Capital xxxxxxxxxxxxxxx10.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx158.9 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 xxxxxxxxxxxxxxx131 M
Long Term Debt xxxxxxxxxxxxxxx404 M
Total Debt xxxxxxxxxxxxxxx536 M
Goodwill - Gross xxxxxxxxxxxxxxx341 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx40 M
Price To Book Value xxxxxxxxxxxxxxx1.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx43.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,165 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx203 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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

25/08/2025

1

Upgrade to Buy from Hold

$1.65

21.77%

Accent Group's FY25 EBIT was down -0.2% but came at the upper end of the $108-111m guidance, Morgans notes. Sales growth in 2H was down -1.7% y/y but had worsened in the final 3 weeks to -6% decline from -2.5% in the 23 weeks prior.

On the positive side, sales momentum improved in FY26 with a 0.8% y/y rise in the first seven weeks. However, the FY26 EBIT guidance of high to mid-single digit growth disappointed.

The broker cut FY26 EBIT forecast by -2% to match the guidance, estimating -3% lower revenue on lower store openings.

Target price trimmed to $1.65 from $1.85. Rating upgraded to Buy from Hold.

FORECAST
Morgans forecasts a full year FY26 dividend of 7.30 cents and EPS of 10.00 cents.
Morgans forecasts a full year FY27 dividend of 8.40 cents and EPS of 12.00 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Petra Capital

28/08/2025

1

Upgrade to Buy from Hold

$1.65

21.77%

Petra Capital notes Accent Group delivered an in-line FY25 result and FY26 is shaping up better with sales momentum turning positive, Sports Direct rollout visibility, and consensus expectations reset lower.

FY25 underlying EBIT was in line with the June trading update. FY26 EBIT is guided to high single-digit growth, which the broker translates to EBIT of $118m vs $110.2m in FY25.

Trading in first 7 weeks for FY26 was positive, driven by return to growth in lifestyle footwear, and wholesale trends signalling stronger demand ahead.

The broker lifted FY26 EBIT forecast to align with the guidance and increased EPS forecast by 11.9%.

Rating upgraded to Buy from Hold. Target rises to $1.65 from $1.45 (was $2.28 on Feb 26).

FORECAST
Petra Capital forecasts a full year FY26 dividend of 7.50 cents and EPS of 10.60 cents.
Petra Capital forecasts a full year FY27 dividend of 8.10 cents and EPS of 11.50 cents.
Access Extra Coverage Research History >

AX1 STOCK CHART

FNArena News on AX1

1
Rudi’s View: A Glass Half-Full Outlook

Sep 03 2025 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 29-08-25

Sep 01 2025 - Weekly Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 29-08-25

Aug 29 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 28, 2025

Aug 28 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 25-08-2025

Aug 25 2025 - Australia

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