AUSTAL LIMITED (ASB)
Share Price Analysis and Chart

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ASB - AUSTAL LIMITED

FNArena Sector : Commercial Services & Supplies
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.52
Index: ASX300 | ALL-ORDS

Austal is an Australian ship building company and defence contractor. It specialises in the design, construction and support of defence and commercial vessels. It has been a listed company since 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.715

23 Mar
2023

-0.020

OPEN

$1.72

-1.15%

HIGH

$1.73

571,241

LOW

$1.69

TARGET
$2.30 34.1% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ANN . LGD . SRV . KPG . AIM . CUP . QHL . DGL .
FNARENA'S MARKET CONSENSUS FORECASTS
ASB: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 22.0 13.6 xxx
DPS (cps) xxx 8.0 8.0 xxx
EPS Growth xxx - 2.4% - 38.5% xxx
DPS Growth xxx 0.0% - 0.6% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 36.3% 58.7% xxx

Dividend yield today if purchased 3 years ago: 3.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.69

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: 15/03 - ex-div 4c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx22.0
DPS All xxxxxxxxxxxxxxx8.0
Sales/Revenue xxxxxxxxxxxxxxx1,429.0 M
Book Value Per Share xxxxxxxxxxxxxxx256.2
Net Operating Cash Flow xxxxxxxxxxxxxxx37.5 M
Net Profit Margin xxxxxxxxxxxxxxx5.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx9.37 %
Return on Invested Capital xxxxxxxxxxxxxxx7.59 %
Return on Assets xxxxxxxxxxxxxxx5.05 %
Return on Equity xxxxxxxxxxxxxxx9.37 %
Return on Total Capital xxxxxxxxxxxxxxx10.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-155.5 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx230 M
Total Debt xxxxxxxxxxxxxxx234 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx240 M
Price To Book Value xxxxxxxxxxxxxxx0.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx164.9 M
Capex % of Sales xxxxxxxxxxxxxxx11.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,199 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx121 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14 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

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

27/02/2023

1

Outperform

$2.60

51.60%

Austal posted $40m in underlying profit, Macquarie notes, but this turns to a -$2m loss when accounting for T-ATS provisions (towing, salvage & rescue ship for US navy). FY guidance has been maintained inclusive of provisions.

Support revenue and margins nonetheless grew solidly in both the US and Australia, and Austal continues to invest in expansion. Work on Expeditionary Medical Ships is progressing with an expected award in March 2023.

The upcoming Australian Defence Strategic Review should provide plenty of opportunities, the broker notes, and Austal continues to look for other opportunities to diversify its revenue streams.

Target falls to $2.60 from $2.70, Outperform retained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 8.00 cents and EPS of 18.00 cents.
Macquarie forecasts a full year FY24 dividend of 8.00 cents and EPS of 17.30 cents.
Access Stockbroker Research History >

ASB STOCK CHART

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1
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Mar 06 2023 - Weekly Reports
2
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Feb 22 2023 - Rudi's View
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Oct 21 2022 - ESG Focus
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FNArena Corporate Results Monitor – 29-08-2022

Aug 29 2022 - Australia

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