ASX:ASBAerospace & Defense
A Look At Austal (ASX:ASB) Valuation After Accounting Error And EBIT Guidance Cut
Austal (ASX:ASB) has cut its full year EBIT guidance after uncovering an accounting error in its US Navy contracts, where incentives were double counted, prompting fresh questions about controls and forecasting.
See our latest analysis for Austal.
The accounting overstatement has come on the heels of a sharp 33.10% 1 month share price decline and a 14.16% year to date share price fall, even though the 1 year total shareholder return of 61.67% and 3 year total shareholder return of more than...