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: 0.99
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.45

30 Jun
2025

0.320

OPEN

$4.19

7.75%

HIGH

$4.45

136,400

LOW

$4.15

TARGET
$5.40 21.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . EGN . EVS . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SND . SSM . SYL . VEE . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
SHA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.3 25.3 xxx
DPS (cps) xxx 17.0 22.1 xxx
EPS Growth xxx 53.0% 31.4% xxx
DPS Growth xxx 47.8% 30.0% xxx
PE Ratio xxx N/A 17.4 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 88.3% 87.4% xxx

Dividend yield today if purchased 3 years ago: 8.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.85

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: 26/08 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 20202021202220232024
EPS Basic xxxxxxxxxxxx19.3
DPS All xxxxxxxxxxxx17.0
Sales/Revenue xxxxxxxxxxxx831.7 M
Book Value Per Share xxxxxxxxxxxx37.7
Net Operating Cash Flow xxxxxxxxxxxx30.0 M
Net Profit Margin xxxxxxxxxxxx1.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20202021202220232024
Return on Capital Employed xxxxxxxxxxxx55.97 %
Return on Invested Capital xxxxxxxxxxxx29.18 %
Return on Assets xxxxxxxxxxxx6.27 %
Return on Equity xxxxxxxxxxxx55.97 %
Return on Total Capital xxxxxxxxxxxx36.16 %
Free Cash Flow ex dividends xxxxxxxxxxxx16.4 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 20202021202220232024
Short-Term Debt xxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxx23 M
Total Debt xxxxxxxxxxxx25 M
Goodwill - Gross xxxxxxxxxxxx7 M
Cash & Equivalents - Generic xxxxxxxxxxxx99 M
Price To Book Value xxxxxxxxxxxx5.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20202021202220232024
Capex xxxxxxxxxxxx1.9 M
Capex % of Sales xxxxxxxxxxxx0.23 %
Cost of Goods Sold xxxxxxxxxxxx802 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx9 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx1 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

24/06/2025

1

Buy, High Risk

$5.40

21.35%

Shaw and Partners highlights accelerating momentum at Shape Australia, with FY25 revenue now guided to $950-960m, earnings (EBITDA) to $32-33m, and profit to $20.5-21.5m.

The broker attributes growth to disciplined project selection, tight cost control, and rising exposure to non-office sectors. The backlog has reached a record circa $460m, supported by a $4bn pipeline and a 46% tender win rate.

Modular contracts are set to exceed $70m in FY25, double FY24, with regional expansion delivering more than $115m in revenue. The analyst notes management’s push into health, defence, and education supports both margin uplift and diversification.

Shaw maintains a Buy rating and lifts the price target to $5.40 from $5.00.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 22.10 cents and EPS of 25.30 cents.
Shaw and Partners forecasts a full year FY26 dividend of 23.60 cents and EPS of 27.10 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

Petra Capital

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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

24/02/2025

1

Buy

$3.56

-20.00%

Shape Australia's strong top-line growth was a highlight of the 1H25 result, Moelis notes, with revenue of $476.6m 5% higher than its forecast on continued execution of the diversification strategy.

The broker believes the increasingly diversified business model, underpinned by strong project wins and order backlogs, offers a promising growth outlook. The analyst upgraded FY25-26 EPS estimates by 9% and 3% respectively.

Target price rises to $3.56 from $3.24. Buy maintained.

FORECAST
Moelis forecasts a full year FY25 dividend of 19.50 cents and EPS of 22.40 cents.
Moelis forecasts a full year FY26 dividend of 18.90 cents and EPS of 22.30 cents.
Access Extra Coverage Research History >

SHA STOCK CHART

FNArena News on SHA

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-06-25

Jun 27 2025 - Weekly Reports
2
In Brief: Decidr, Shape, Audinate, Light & Wonder

Jun 27 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Jun 26, 2025

Jun 26 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 10, 2025

Mar 10 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Feb 24, 2025

Feb 24 2025 - Daily Market Reports

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