SHAPE AUSTRALIA CORPORATION LIMITED (SHA)
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SHA

SHA - SHAPE AUSTRALIA CORPORATION LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 0.82
Index: ALL-ORDS

SHAPE Australia provides commercial fitout, refurbishment and construction services, including new builds, modular construction, facade remediation and maintenance across a range of sectors.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.78

21 Oct
2026

-0.290

OPEN

$7.00

-4.10%

HIGH

$7.02

381,281

LOW

$6.62

TARGET
$8.755 29.1% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
SHA: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 38.1 49.3 xxx
DPS (cps) xxx 0.0 41.3 xxx
EPS Growth xxx 49.4% 29.2% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.3 xxx
Dividend Yield xxx N/A 6.3% xxx
Div Pay Ratio(%) xxx N/A 83.8% 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: 28/08 - ex-div 18.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx38.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,232.0 M
Book Value Per Share xxxxxxxxxxxxxxx53.3
Net Operating Cash Flow xxxxxxxxxxxxxxx52.0 M
Net Profit Margin xxxxxxxxxxxxxxx2.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx78.55 %
Return on Invested Capital xxxxxxxxxxxxxxx46.81 %
Return on Assets xxxxxxxxxxxxxxx9.74 %
Return on Equity xxxxxxxxxxxxxxx78.55 %
Return on Total Capital xxxxxxxxxxxxxxx55.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx25.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx33 M
Total Debt xxxxxxxxxxxxxxx38 M
Goodwill - Gross xxxxxxxxxxxxxxx20 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx136 M
Price To Book Value xxxxxxxxxxxxxxx13.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx4.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,118 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx74 M
Research & Development xxxxxxxxxxxxxxx-
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

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

16/10/2026

1

Buy

$8.75

29.06%

Shape Australia has been awarded the 52MW expansion of the DigiCo Infrastructure ((DGT)) SYD1 facility on a fixed price contract. The contract will be delivered over FY27 and FY28 to a total value of $800m.

Ord Minnett assesses this second contract for Shape at the same facility is confirmation of the company's capability in the data centre sector. The broker calculates an EBITDA margin of 5.3% for the contract.

Buy rating retained. Target rises to $8.75 from $8.50.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 42.50 cents and EPS of 50.50 cents.
Ord Minnett forecasts a full year FY28 dividend of 45.00 cents and EPS of 53.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

19/10/2026

1

Buy

$9.80

44.54%

Shaw and Partners retains its Buy rating on Shape Australia with its target price raised to $9.80 from $8.70, following the company securing a transformative approximately $800m contract from DigiCo Infrastructure REIT ((DGT)) to deliver a 52MW expansion of the SYD1 data centre campus in Sydney, lifting total site capacity to 88MW and work-in-hand to more than $1.4bn.

FY27, FY28, and FY29 EPS forecasts are lifted by 5.5%, 13.5%, and 11.6% respectively, with updated EPS of 47.1c, 52.8c, and 52.9c and DPS of 39.0c, 43.0c, and 43.0c across those years.

Shaw views key execution risks as well-mitigated given the contract was developed through an extensive ECI process, Shape holds prior delivery experience at the same site, and the adaptive reuse structure avoids greenfield development risks.

Shaw notes the contract validates the company's diversification into data centres—one of Australia's few structurally growing construction segments—and positions the company for further DigiCo stages and hyperscale or colocation work.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 39.00 cents and EPS of 47.10 cents.
Shaw and Partners forecasts a full year FY28 dividend of 43.00 cents and EPS of 52.80 cents.
Access Extra Coverage Research History >

SHA STOCK CHART

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