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

$1.925

22 Sep
2023

-0.015

OPEN

$1.91

-0.77%

HIGH

$1.94

1,065,063

LOW

$1.88

TARGET
$2.164 12.4% 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 16.2 14.1 xxx
DPS (cps) xxx 17.5 12.3 xxx
EPS Growth xxx 100.0% - 13.0% xxx
DPS Growth xxx 100.0% - 29.7% xxx
PE Ratio xxx N/A 13.7 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 108.3% 87.5% xxx

Dividend yield today if purchased 3 years ago: 11.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 9.09

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: 13/09 - ex-div 5.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

25/08/2023

1

Upgrade to Buy from Neutral

$2.12

10.13%

Accent Group's FY23 result revealed sufficient positives for Citi to upgrade its rating for the shares to Buy from Neutral. The broker mentions "demonstrated material progress" with management's vertical strategy.

Part of the positive thesis is based on higher margins, now believed to be sustainable. Citi believes sales trends are better. Historical comparables do not get more challenging from here.

Estimates have been upgraded by 8% and 18% respectively for FY24 and FY25. Target price climbs 18% to $2.12.

FORECAST
Citi forecasts a full year FY24 dividend of 13.20 cents and EPS of 14.20 cents.
Citi forecasts a full year FY25 dividend of 15.80 cents and EPS of 17.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

AX1 STOCK CHART

FNArena News on AX1

1
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
2
Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View
3
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
4
Rudi’s View: Outlook Negative, With Plenty Of Silver Linings

Sep 06 2023 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 01-09-23

Sep 04 2023 - Weekly Reports

Latest Apparel & Footwear News

1
In Brief: US Banks, Insolvencies, Retail 

Mar 27 2023 - Weekly Reports
2
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Jan 17 2023 - Australia
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5
Universal Store: How Strong Are The Young?

Aug 30 2022 - Small Caps
6
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Jun 22 2022 - Australia
7
Premier Investments Offers Something For Everyone

Mar 30 2022 - Australia
8
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Mar 22 2022 - Technicals
9
ESG Focus: Environmental Cost Of Fast Fashion

Feb 22 2022 - ESG Focus
10
Baby Bunting: A Retail Safe Haven?

Feb 15 2022 - Australia