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

$1.34

10 Sep
2025

-0.005

OPEN

$1.35

-0.37%

HIGH

$1.35

1,112,307

LOW

$1.33

TARGET
$1.786 33.3% 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 10.9 xxx
DPS (cps) xxx 7.0 7.5 xxx
EPS Growth xxx - 4.6% 7.3% xxx
DPS Growth xxx - 46.2% 6.9% xxx
PE Ratio xxx N/A 12.2 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 69.2% 68.9% xxx

Dividend yield today if purchased 3 years ago: 4.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.30

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

25/08/2025

1

Buy

$1.83

36.57%

On further inspection, Citi raises its target price to $1.83 from $1.67 with net profit after tax forecasts largely unchanged. The higher target reflects a roll forward of the discounted cash flow from FY35 and higher peer and market valuations.

Last Friday's sell-off is seen offering an attractive entry point to start a position in Accent Group, one of the larger small-cap retailers. Buy rated.

The sell-off is correlated to the category/brand exposure for the group and the analyst is seeing some positive green shoots.

****

Citi's first assessment is Accent Group's FY25 net profit of $57.7m has missed consensus by -4% but was broadly inline with the broker's own $58.9m forecast (though still below it)

The miss is attributed to disappointing sales, gross margins and higher net interest. CODB was better managed than expected.

A final dividend of 1.5cps was declared, -35% below consensus of 2.3cps on the broker's assessment.

Given a number of other retailers are reporting relatively much better trading updates, Citi suggests the market will be disappointed.

Also, one saving grace for Accent shareholders, the broker comments, is that Frasers can’t exceed 26% ownership for the next 3 years.

Target $1.67. Buy.

FORECAST
Citi forecasts a full year FY26 dividend of 6.20 cents and EPS of 10.40 cents.
Citi forecasts a full year FY27 dividend of 6.80 cents and EPS of 11.40 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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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

23.13%

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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