ACCENT GROUP LIMITED (AX1)
Share Price Analysis and Chart

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AX1 - ACCENT GROUP LIMITED

FNArena Sector : Apparel & Footwear
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.9
Index: ASX300 | ALL-ORDS

Accent Group is an Australian retailer and distributor of sports and lifestyle footware in Australia and New Zealand. Its stores include Athlete's Foot, Hype DC and Podium Sports. The company listed in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.02

18 Mar
2024

0.010

OPEN

$2.01

0.50%

HIGH

$2.03

1,488,690

LOW

$1.98

TARGET
$2.355 16.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BBN . CCX . CTT . MOZ . MYR . PMV . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
AX1: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 11.2 xxx
DPS (cps) xxx N/A 11.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.2 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx N/A 98.7% xxx

Dividend yield today if purchased 3 years ago: 7.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

8.62

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: 06/03 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx16.2
DPS All xxxxxxxxxxxxxxx17.5
Sales/Revenue xxxxxxxxxxxxxxx1,409.0 M
Book Value Per Share xxxxxxxxxxxxxxx79.9
Net Operating Cash Flow xxxxxxxxxxxxxxx256.6 M
Net Profit Margin xxxxxxxxxxxxxxx6.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx20.12 %
Return on Invested Capital xxxxxxxxxxxxxxx10.10 %
Return on Assets xxxxxxxxxxxxxxx7.48 %
Return on Equity xxxxxxxxxxxxxxx20.12 %
Return on Total Capital xxxxxxxxxxxxxxx13.21 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx142.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx142 M
Long Term Debt xxxxxxxxxxxxxxx416 M
Total Debt xxxxxxxxxxxxxxx558 M
Goodwill - Gross xxxxxxxxxxxxxxx323 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx2.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx34.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,079 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx196 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

26/02/2024

2

Accumulate

$2.40

18.81%

Ord Minnett assesses a resilient 1H sales performance by Accent Group against a challenging backdrop for the consumer. While the near-term is expected to be tough for the company, the long-term growth trajectory is intact.

Group sales fell by -1.8% on the previous corresponding period. However, the gross margin (positively) surprised the analyst, rising by 140bps due to discounting in the previous corresponding period and a mix shift to more lucrative private-label brands.

The Hold rating and $2.40 target are maintained. The broker's higher gross margin forecast for FY24 is more than offset by a higher cost-of-doing-business and a modestly lower sales forecast.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 6.00 cents and EPS of 7.50 cents.
Ord Minnett forecasts a full year FY25 dividend of 13.80 cents and EPS of 17.20 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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AX1 STOCK CHART