AUSTAL LIMITED (ASB)
Share Price Analysis and Chart

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ASB - AUSTAL LIMITED

Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 7.24
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

$2.32

17 Apr
2024

0.020

OPEN

$2.30

0.87%

HIGH

$2.35

318,614

LOW

$2.30

TARGET
$2.683 15.7% upside
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 FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 4.7 xxx
DPS (cps) xxx N/A 4.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 49.7 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx N/A 85.7% xxx

Dividend yield today if purchased 3 years ago: 2.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.02

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-3.8
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx1,585.0 M
Book Value Per Share xxxxxxxxxxxxxxx262.8
Net Operating Cash Flow xxxxxxxxxxxxxxx86.7 M
Net Profit Margin xxxxxxxxxxxxxxx-0.87 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-1.47 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.18 %
Return on Assets xxxxxxxxxxxxxxx-0.76 %
Return on Equity xxxxxxxxxxxxxxx-1.47 %
Return on Total Capital xxxxxxxxxxxxxxx-2.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-68.8 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 xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx235 M
Total Debt xxxxxxxxxxxxxxx240 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx179 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 201820192020202120222023
Capex xxxxxxxxxxxxxxx128.6 M
Capex % of Sales xxxxxxxxxxxxxxx8.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,486 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx126 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx15 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

26/02/2024

1

Buy

$3.10

33.62%

The first half result from Austal disappointed Citi because of a greater-than-expected impact from provisions. Yet the broker notes the order book is worth $12.7bn, over $10bn more than two years ago.

The issue now is funding, as the company will need to incur significant capital expenditure to build capacity to execute on this pipeline of work. Austal has signalled a preference for debt.

Citi retains a Buy rating, based on the market not appreciating the medium and longer term revenue upside that is underpinned by the amount of work. Target is raised by 13% to $3.10.

FORECAST
Citi forecasts a full year FY24 dividend of 7.00 cents and EPS of minus -3.80 cents.
Citi forecasts a full year FY25 dividend of 3.00 cents and EPS of 8.60 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

ASB STOCK CHART