ADACEL TECHNOLOGIES LIMITED (ADA)
Share Price Analysis and Chart

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ADA - ADACEL TECHNOLOGIES LIMITED

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: -623.75
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.47

23 Dec
2024

0.010

OPEN

$0.46

2.17%

HIGH

$0.47

125,080

LOW

$0.46

TARGET
$0.43 -8.5% downside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
ADA: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 2.1 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 21.2 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

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: 31/08 - ex-div 1.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-8.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx47.3 M
Book Value Per Share xxxxxxxxxxxxxxx10.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-3.5 M
Net Profit Margin xxxxxxxxxxxxxxx-14.22 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-55.67 %
Return on Invested Capital xxxxxxxxxxxxxxx-38.92 %
Return on Assets xxxxxxxxxxxxxxx-17.53 %
Return on Equity xxxxxxxxxxxxxxx-55.67 %
Return on Total Capital xxxxxxxxxxxxxxx-13.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-6.3 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 xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx6 M
Total Debt xxxxxxxxxxxxxxx16 M
Goodwill - Gross xxxxxxxxxxxxxxx3 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2 M
Price To Book Value xxxxxxxxxxxxxxx5.51

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx2.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.12 %
Cost of Goods Sold xxxxxxxxxxxxxxx47 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx1 M
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

0.0

No. Of Recommendations

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

Bell Potter

28/11/2024

3

Downgrade to Hold from Buy

$0.43

-8.51%

Bell Potter lowers its target price for Adacel Technologies to 43c from 70c and downgrades the rating to Hold from Buy following the approval of a special resolution to delist from the ASX, effective January 8, 2025.

While no changes are made to forecasts, the broker's valuation falls due to a shift in methodology, focusing solely on near-term earnings.

The analysts suggest fundamentals are no longer applicable and highlight abnormal selling pressure from shareholders unwilling to hold the stock post-delisting. This selling is expected to persist.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.12 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.93 cents.
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

Taylor Collison

28/08/2024

1

Upgrade to Speculative Buy

-

-

Despite Adacel Technologies' disappointing FY24 result, Taylor Collison retains the faith, positing the company offers an asymmetric opportunity for investors related to the resubmission decision by the Federal Aviation Authority for Training Simulator Software, which the broker believes will be reawarded to Adacel.

The broker considers the company to be heavily undervalued by the market and observes any new contract wins will scale sharply on the company's stable cost base.

Highlights from the FY24 result included the write down of -$1.9m of intangibles, which triggered a -$1.4m EBITDA loss versus the broker's forecast $1m profit. 

Cash flow in the June half also disappointed due to the increase in inventory arising from the initial award of the contract, but the broker expects the build to unwind through FY25.

The big negative was downgraded FY25 guidance to $4m to $5m from $6m to $8m at the December half result as customers opted not to take up extra work.

Rating is upgraded to Speculative Buy from Outperform/Accumulate.

FORECAST
Taylor Collison forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.40 cents.
Taylor Collison forecasts a full year FY26 dividend of 2.60 cents and EPS of 3.10 cents.
Access Extra Coverage Research History >

ADA STOCK CHART

FNArena News on ADA

1
Weekly Ratings, Targets, Forecast Changes – 29-11-24

Dec 02 2024 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-08-24

Aug 30 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 28, 2024

Aug 28 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 22-08-2024

Aug 22 2024 - Australia
5
Australian Broker Call *Extra* Edition – Jun 11, 2024

Jun 11 2024 - Daily Market Reports

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