AUSTAL LIMITED (ASB)
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ASB

ASB - AUSTAL LIMITED

FNArena Sector : Commercial Services & Supplies
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: -3.93
Index: ASX200 | ASX300 | ALL-ORDS

Austal is an Australian ship building company and defence contractor. It specialises in the design, construction and support of defence and commercial vessels. It has been a listed company since 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.34

16 Sep
2026

0.170

OPEN

$4.18

4.08%

HIGH

$4.34

1,377,149

LOW

$4.18

TARGET
$5.333 22.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AIM . AL3 . ANN . CUP . DGL . IMB . KPG . RDX . SRV .
FNARENA'S MARKET CONSENSUS FORECASTS
ASB: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 12.7 19.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 23.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 14/09 - ex-div 3c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-12.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx2,029.0 M
Book Value Per Share xxxxxxxxxxxxxxx293.4
Net Operating Cash Flow xxxxxxxxxxxxxxx62.5 M
Net Profit Margin xxxxxxxxxxxxxxx-2.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-4.22 %
Return on Invested Capital xxxxxxxxxxxxxxx-3.47 %
Return on Assets xxxxxxxxxxxxxxx-1.77 %
Return on Equity xxxxxxxxxxxxxxx-4.22 %
Return on Total Capital xxxxxxxxxxxxxxx-9.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-290.2 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx11 M
Long Term Debt xxxxxxxxxxxxxxx284 M
Total Debt xxxxxxxxxxxxxxx295 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx312 M
Price To Book Value xxxxxxxxxxxxxxx1.38

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx353.5 M
Capex % of Sales xxxxxxxxxxxxxxx17.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,989 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx185 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx16 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

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

01/09/2026

3

Hold

$4.70

8.29%

Austal's FY26 earnings (EBIT) loss of -$125m was -8% worse than Bell Potter and consensus expected, driven by -$251.3m of onerous contract costs in the US business.

It's noted Hanwha was aware of the recent onerous contract issues before submitting its takeover proposal, increasing the broker's confidence the transaction will proceed.

Australasia earnings of $85m compared to the consensus estimate of $68m, driven by ramp-up in defence shipbuilding and support programs, as well as $15m in one-off benefits, the analysts explain.

Bell Potter expects Austal to return to profitability in FY27, though it highlights execution and labour risks as Australasian shipbuilding ramps up. Target falls to $4.70 from $5.00. Hold rating unchanged.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 18.80 cents.
Bell Potter forecasts a full year FY28 dividend of 0.00 cents and EPS of 24.20 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
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ASB STOCK CHART

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