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: 1.74
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

$7.89

16 Sep
2025

-0.130

OPEN

$7.90

-1.62%

HIGH

$7.98

1,012,684

LOW

$7.85

TARGET
$7.65 -3.0% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AIM . ANN . CUP . DGL . IMB . KPG . RDX . SRV .
FNARENA'S MARKET CONSENSUS FORECASTS
ASB: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 23.7 20.3 xxx
DPS (cps) xxx 0.0 1.3 xxx
EPS Growth xxx 100.0% - 14.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 38.4 xxx
Dividend Yield xxx N/A 0.2% xxx
Div Pay Ratio(%) xxx N/A 6.6% 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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx23.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,823.3 M
Book Value Per Share xxxxxxxxxxxxxxx311.9
Net Operating Cash Flow xxxxxxxxxxxxxxx406.3 M
Net Profit Margin xxxxxxxxxxxxxxx4.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.76 %
Return on Invested Capital xxxxxxxxxxxxxxx6.39 %
Return on Assets xxxxxxxxxxxxxxx3.56 %
Return on Equity xxxxxxxxxxxxxxx7.76 %
Return on Total Capital xxxxxxxxxxxxxxx5.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx211.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx260 M
Total Debt xxxxxxxxxxxxxxx267 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx584 M
Price To Book Value xxxxxxxxxxxxxxx2.01

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx195.6 M
Capex % of Sales xxxxxxxxxxxxxxx10.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,593 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx150 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx20 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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

02/09/2025

3

Hold

$8.00

1.39%

An "impressive" result, remarks Bell Potter on Austal's FY25 earnings, including 24% revenue growth, beating both the analyst and consensus forecasts. Net profit after tax rose 503%, well in excess of expectations, while cash flow was notably robust.

Order book stands at $13.1bn (including options), with cash on hand of $583.9m at June 30. Austal is flagged to win more work as the Commonwealth's Strategic Shipbuilder in WA, with increasing submarine capacity in the US.

Bell Potter upgrades its EPS forecasts by 18% for FY26 and 13% for FY27. Target rises to $8 from $6.75 previously.

No change to Hold rating.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 4.00 cents and EPS of 21.80 cents.
Bell Potter forecasts a full year FY27 dividend of 6.00 cents and EPS of 27.20 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

07/08/2025

3

Hold

$6.67

-15.46%

Petra Capital maintains its Hold rating on Austal, observing the current share price already reflects favourable industry conditions, and strong competitive positioning. There has also been takeover speculation, and upside potential from the pending T-ATS REA review.

Management has finalised a 15-year Strategic Shipbuilding Agreement (SSA) with the Australian Government, which confirms Austal as the prime contractor for the LC-H and LC-M landing craft programs.

These programs are expected to deliver approximately $3bn in contract value, with Austal’s share estimated at $2.2bn for LC-H and $0.8bn for LC-M, explains the broker.

A government call option is attached to the SSA (exercisable if there is a change of control at Austal), potentially complicating future M&A interest, highlights the analyst.

Separately, Petra notes Austal has lifted FY25 earnings (EBIT) guidance to at least $100m, up from $80m, due to a US Navy incentive payment.

Target $6.67.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 13.00 cents and EPS of 13.10 cents.
Access Extra Coverage Research History >

ASB STOCK CHART

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