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: 6.48
Index: 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

$3.57

20 Feb
2025

-0.020

OPEN

$3.55

-0.56%

HIGH

$3.62

1,041,747

LOW

$3.50

TARGET
$3.463 -3.0% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
AIM . ANN . CUP . DGL . KPG . QHL . RDX . SRV .
FNARENA'S MARKET CONSENSUS FORECASTS
ASB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 4.1 13.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 30.0 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx4.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,468.9 M
Book Value Per Share xxxxxxxxxxxxxxx278.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-13.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.01 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx1.52 %
Return on Invested Capital xxxxxxxxxxxxxxx1.23 %
Return on Assets xxxxxxxxxxxxxxx0.74 %
Return on Equity xxxxxxxxxxxxxxx1.52 %
Return on Total Capital xxxxxxxxxxxxxxx-1.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-90.3 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx45 M
Long Term Debt xxxxxxxxxxxxxxx236 M
Total Debt xxxxxxxxxxxxxxx281 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx174 M
Price To Book Value xxxxxxxxxxxxxxx0.90

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx69.9 M
Capex % of Sales xxxxxxxxxxxxxxx4.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,296 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx196 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx13 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

06/11/2024

1

Buy

$3.75

5.04%

Austal provided a trading update at its AGM with FY25 EBIT guidance of $80m, which meets Bell Potter's forecast but is below consensus, the analyst highlights.

An order book of $12.7bn is expected to support earnings, driven by a recovery in shipbuilding, growth in the support business, and development in the towing, salvage, and rescue ship program.

The broker notes that guidance represents 42% growth on the previous corresponding EBIT, with potential for further "upside" from the $450m submarine contract announced on September 16. Management is working on appropriate accounting treatment.

The target price increases by 19% to $3.75. Buy rating retained.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 13.90 cents.
Bell Potter forecasts a full year FY26 dividend of 4.00 cents and EPS of 19.50 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

18/02/2025

1

Buy

$4.07

14.01%

Austal secured a $265-275m contract to design and construct a high-speed ferry for Gotlandsbolaget, which operates state-subsidised domestic Ropax ferries in Sweden.

This is in addition to the contract for two more Evolved Cape-class Patrol Boats for the Australian Board Force announced in late December.

Petra Capital left EPS estimate for FY25 unchanged but lifted FY26 by 4% to account for the two deals, noting its EBIT assumption for the Gotlandsbolaget contract is 4.3%.

Target price lifts to $4.07 from $3.70. Buy maintained.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 3.00 cents and EPS of 11.60 cents.
Petra Capital forecasts a full year FY26 dividend of 7.00 cents and EPS of 14.20 cents.
Access Extra Coverage Research History >

ASB STOCK CHART

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