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

$6.96

30 Oct
2026

0.070

OPEN

$7.20

1.02%

HIGH

$7.20

357,652

LOW

$6.83

TARGET
$8.93 28.3% 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 50.3 xxx
DPS (cps) xxx 0.0 42.3 xxx
EPS Growth xxx 49.4% 31.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 13.7 xxx
Dividend Yield xxx N/A 6.1% xxx
Div Pay Ratio(%) xxx N/A 84.1% 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

29/10/2026

1

Buy

$8.80

26.44%

Shape Australia secured $504.6m in new contracts during 1Q27, lifting its order book to $762.7m, Ord Minnett highlights. Including the recently awarded $800m DigiCo ((DGT)) data centre contract, the order book now exceeds $1.5bn.

The broker points out the DigiCo project's secured grid capacity, water access, development approval and tenant agreement, significantly reducing execution risks compared with greenfield data centre developments.

Shape's modular construction business also continues to expand, with quarterly revenue rising to $20.6m from $14.5m y/y and a new Perth manufacturing facility securing its first WA government contract.

Target price is lifted to $8.80 from $8.75, reflecting the expanding order book. Buy rating retained.

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 45.50 cents and EPS of 53.30 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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

19/10/2026

1

Buy

$9.16

31.61%

Moelis maintains its Buy rating on Shape Australia with its target price raised to $9.16 from $8.75, following the company securing an approximately $800m contract from DigiCo Infrastructure REIT ((DGT)) for a 52MW expansion of its SYD1 data centre in Sydney, NSW, lifting work in hand to over $1.4bn and materially strengthening Shape's data centre credentials.

The contract win drives FY27, FY28, and FY29 EPS upgrades of 5%, 15%, and 10% respectively, with updated diluted EPS forecasts of 46.2c, 54.2c, and 54.0c, and DPS forecasts of 39.6c, 45.4c, and 45.3c across those years.

Moelis notes execution risk is mitigated by the contract being awarded following an ECI process and Shape's successful prior Stage 1 delivery of 20MW at the same site, with FY29 margins expected to expand as the contract matures and revenue mix shifts towards higher-margin Arden and APS verticals.

The shares trade at a FY28 PE of 12.7x with net cash of approximately $83m excluding lease liabilities and an 8.2% free cash flow yield, which Moelis views as undemanding given the growth profile now in place.

FORECAST
Moelis forecasts a full year FY27 dividend of 39.60 cents and EPS of 46.20 cents.
Moelis forecasts a full year FY28 dividend of 45.40 cents and EPS of 54.20 cents.
Access Extra Coverage Research History >

SHA STOCK CHART

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