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: 1.9
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

$2.18

25 Jul
2024

-0.010

OPEN

$2.15

-0.46%

HIGH

$2.21

1,317,883

LOW

$2.15

TARGET
$2.403 10.2% 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 FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 16.2 10.9 xxx
DPS (cps) xxx 17.5 10.9 xxx
EPS Growth xxx 100.0% - 32.8% xxx
DPS Growth xxx 100.0% - 37.8% xxx
PE Ratio xxx N/A 20.5 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 108.3% 100.1% xxx

Dividend yield today if purchased 3 years ago: 6.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.85

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: 06/03 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx16.2
DPS All xxxxxxxxxxxxxxx17.5
Sales/Revenue xxxxxxxxxxxxxxx1,409.0 M
Book Value Per Share xxxxxxxxxxxxxxx79.9
Net Operating Cash Flow xxxxxxxxxxxxxxx256.6 M
Net Profit Margin xxxxxxxxxxxxxxx6.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx20.12 %
Return on Invested Capital xxxxxxxxxxxxxxx10.10 %
Return on Assets xxxxxxxxxxxxxxx7.48 %
Return on Equity xxxxxxxxxxxxxxx20.12 %
Return on Total Capital xxxxxxxxxxxxxxx13.21 %
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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx142 M
Long Term Debt xxxxxxxxxxxxxxx416 M
Total Debt xxxxxxxxxxxxxxx558 M
Goodwill - Gross xxxxxxxxxxxxxxx323 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx2.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx34.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,079 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx196 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

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

19/07/2024

1

Overweight

$2.45

12.39%

Accent Group's trading update revealed a 5% beat against the consensus forecast for FY24 underlying earnings (EBIT), and Morgan Stanley now believes a margin recovery is possible. FY25 tax cuts may provide a further tailwind, suggest the analysts.

Management noted strong momentum across the board including Skechers, TAF, Hype, Stylerunner, Nude Lucy, and Hok.

Overweight. Target $2.45. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 11.70 cents and EPS of 11.70 cents.
Morgan Stanley forecasts a full year FY25 dividend of 9.80 cents and EPS of 14.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

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

Petra Capital

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

24/07/2024

2

Upgrade to Overweight from Neutral

$2.28

4.59%

Jarden raises its target for Accent Group to $2.28 from $2.05 and upgrades to Overweight from Neutral due to 2H like-for-like (LFL) sales growth of 4.1% compared to the 1H and closure of some Glue stores.

The broker believes closing unprofitable Glue stores will improve earnings (EBIT) by around $3m in FY25, with further upside derived from improving the remaining stores.

There are significant medium-term growth drivers, according to Jarden, as management buys back The Athlete's Foot franchisees, closes unprofitable stores, annualises cost-out, and continues to expand the network.

FORECAST
Jarden forecasts a full year FY24 dividend of 11.10 cents and EPS of 10.10 cents.
Jarden forecasts a full year FY25 dividend of 12.00 cents and EPS of 12.00 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxx xxxxxx

$xx.xx

xx.xx%

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AX1 STOCK CHART