AUSTAL LIMITED (ASB)
Share Price Analysis and Chart

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ASB - AUSTAL LIMITED

Year End: June
GICS Industry Group : Capital Goods
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

$1.85

24 Sep
2021

0.000

OPEN

$1.88

0.000

HIGH

$1.88

3,101,546

LOW

$1.84

TARGET
$2.60 40.5% 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 FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 22.6 19.1 xxx
DPS (cps) xxx 8.0 9.0 xxx
EPS Growth xxx - 9.7% - 15.3% xxx
DPS Growth xxx 0.0% 12.7% xxx
PE Ratio xxx N/A 9.7 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 35.5% 47.2% xxx

Dividend yield today if purchased 3 years ago: 4.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.32

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: 08/09 - 4c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx22.6
DPS All xxxxxxxxxxxxxxx8.0
Sales/Revenue xxxxxxxxxxxxxxx1,572.2 M
Book Value Per Share xxxxxxxxxxxxxxx215.2
Net Operating Cash Flow xxxxxxxxxxxxxxx107.3 M
Net Profit Margin xxxxxxxxxxxxxxx5.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx5.73 %
Return on Equity xxxxxxxxxxxxxxx10.65 %
Return on Total Capital xxxxxxxxxxxxxxx11.32 %
Capex xxxxxxxxxxxxxxx77.2 M
Capex % of Sales xxxxxxxxxxxxxxx4.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-0.2 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

25/08/2021

3

Downgrade to Neutral from Outperform

$2.25

21.62%

Austal's FY21 result was in line with expectations, with margin improvement in the US offset by margin deterioration in Australasia, mainly due to low margin emergent support work in second half FY21.

While management guided to $1.5bn, tracking lower on FY21, Credit Suisse views this as conservative, with near-term opportunities that the broker thinks could be crystallised in second half FY22: Notably, the Offshore Patrol Cutter (OPC) program that Austal is bidding for which is expected to be awarded in fourth quarter FY22.

The broker has cut FY22 earnings estimates -16%, on lower US revenue contribution and lower margin in Australasia due to reduced throughput and low margin emergent work.

Credit Suisse downgrades Austal to Neutral from outperform and the target price is lowered to $2.25 from $2.75.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 10.05 cents and EPS of 20.01 cents.
Credit Suisse forecasts a full year FY23 dividend of 11.45 cents and EPS of 22.81 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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ASB STOCK CHART