ENERO GROUP LIMITED (EGG)
Share Price Analysis and Chart

25/08/2026

1

Buy

$0.80

220.00%

Canaccord Genuity maintains its Buy recommendation for Enero Group with its target price reduced to $0.80 from $1.30 following an FY26 earnings result featuring EBITDA of $15.3m, which increased 9% year-on-year alongside an EBITDA margin expansion of 160 bps to 11.8%.

Group net revenue from continuing operations declined 7% year-on-year to $129.5m due to softer conditions in global technology markets and ongoing transformation at Hotwire, while adjusted net profit after tax rose 54% to $6.4m.

The standout contributors were Australian agencies BMF and Orchard, which both delivered record EBITDA results supported by new client wins and strong operational performance.

The broker's estimates indicate that while FY27 revenue headwinds and a predominantly fixed-cost base will result in lower near-term earnings forecasts, the company ended FY26 in a net cash position of $24.5m and trades below the value of its net cash.

The analyst highlights that management remains focused on cost discipline, operational excellence, and expanding artificial intelligence capabilities to support future growth.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 1.30 cents and EPS of 3.90 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 2.00 cents and EPS of 5.70 cents.