company background image
ANG

Austin EngineeringASX:ANG Stock Report

Market Cap

AU$136.7m

7D

4.4%

1Y

38.2%

Updated

24 Oct, 2021

Data

Company Financials
ANG fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

ANG Overview

Austin Engineering Limited, together with its subsidiaries, manufactures, repairs, overhauls, and supplies mining attachment products, and other associated products and services for the industrial and resources-related business sectors.

Austin Engineering Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Austin Engineering
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.12
52 Week LowAU$0.24
Beta0.61
1 Month Change4.44%
3 Month Change34.29%
1 Year Change38.24%
3 Year Change9.30%
5 Year Change19.29%
Change since IPO-7.84%

Recent News & Updates

Feb 15
What Does Austin Engineering Limited's (ASX:ANG) Share Price Indicate?

What Does Austin Engineering Limited's (ASX:ANG) Share Price Indicate?

Austin Engineering Limited ( ASX:ANG ), might not be a large cap stock, but it saw a double-digit share price rise of...

Jan 31
How Much Is Austin Engineering Limited (ASX:ANG) CEO Getting Paid?

How Much Is Austin Engineering Limited (ASX:ANG) CEO Getting Paid?

Peter Forsyth has been the CEO of Austin Engineering Limited ( ASX:ANG ) since 2016, and this article will examine the...

Jan 16
Should You Use Austin Engineering's (ASX:ANG) Statutory Earnings To Analyse It?

Should You Use Austin Engineering's (ASX:ANG) Statutory Earnings To Analyse It?

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...

Dec 21
Austin Engineering (ASX:ANG) Share Prices Have Dropped 38% In The Last Three Years

Austin Engineering (ASX:ANG) Share Prices Have Dropped 38% In The Last Three Years

As an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain...

Dec 08
Do Its Financials Have Any Role To Play In Driving Austin Engineering Limited's (ASX:ANG) Stock Up Recently?

Do Its Financials Have Any Role To Play In Driving Austin Engineering Limited's (ASX:ANG) Stock Up Recently?

Austin Engineering's (ASX:ANG) stock is up by a considerable 17% over the past three months. We wonder if and what role...

Shareholder Returns

ANGAU MachineryAU Market
7D4.4%-1.3%0.6%
1Y38.2%47.5%21.3%

Return vs Industry: ANG underperformed the Australian Machinery industry which returned 47.5% over the past year.

Return vs Market: ANG exceeded the Australian Market which returned 21.3% over the past year.

Price Volatility

Is ANG's price volatile compared to industry and market?
ANG volatility
ANG Beta0.61
Industry Beta1.33
Market Beta1

Stable Share Price: ANG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ANG's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19821,104John Singletonhttps://www.austineng.com

Austin Engineering Limited, together with its subsidiaries, manufactures, repairs, overhauls, and supplies mining attachment products, and other associated products and services for the industrial and resources-related business sectors. It offers off-highway dump truck bodies, buckets, water tanks, tire handlers, and other ancillary equipment. The company also provides on and off-site repair and maintenance, condition monitoring, engineering, product improvements, heavy equipment lifting and transport, specialized fabrication, blasting and painting, line boring and machining, and CNC profile cutting and pressing services.

Austin Engineering Fundamentals Summary

How do Austin Engineering's earnings and revenue compare to its market cap?
ANG fundamental statistics
Market CapAU$136.68m
Earnings (TTM)AU$2.51m
Revenue (TTM)AU$203.09m

54.5x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ANG income statement (TTM)
RevenueAU$203.09m
Cost of RevenueAU$102.19m
Gross ProfitAU$100.90m
ExpensesAU$98.39m
EarningsAU$2.51m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0043
Gross Margin49.68%
Net Profit Margin1.24%
Debt/Equity Ratio20.2%

How did ANG perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

115%

Payout Ratio

Valuation

Is Austin Engineering undervalued compared to its fair value and its price relative to the market?

54.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ANG (A$0.24) is trading above our estimate of fair value (A$0.09)

Significantly Below Fair Value: ANG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ANG is poor value based on its PE Ratio (54.5x) compared to the Australian Machinery industry average (31.3x).

PE vs Market: ANG is poor value based on its PE Ratio (54.5x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ANG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ANG is good value based on its PB Ratio (1.5x) compared to the AU Machinery industry average (2.3x).


Future Growth

How is Austin Engineering forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

53.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Austin Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Austin Engineering performed over the past 5 years?

80.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANG has a large one-off loss of A$4.7M impacting its June 30 2021 financial results.

Growing Profit Margin: ANG's current net profit margins (1.2%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: ANG has become profitable over the past 5 years, growing earnings by 80.6% per year.

Accelerating Growth: ANG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ANG had negative earnings growth (-71.7%) over the past year, making it difficult to compare to the Machinery industry average (1.2%).


Return on Equity

High ROE: ANG's Return on Equity (2.8%) is considered low.


Financial Health

How is Austin Engineering's financial position?


Financial Position Analysis

Short Term Liabilities: ANG's short term assets (A$98.9M) exceed its short term liabilities (A$74.5M).

Long Term Liabilities: ANG's short term assets (A$98.9M) exceed its long term liabilities (A$12.1M).


Debt to Equity History and Analysis

Debt Level: ANG's debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: ANG's debt to equity ratio has reduced from 29.8% to 20.2% over the past 5 years.

Debt Coverage: ANG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: ANG's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Austin Engineering current dividend yield, its reliability and sustainability?

2.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ANG's dividend (2.13%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: ANG's dividend (2.13%) is low compared to the top 25% of dividend payers in the Australian market (5.3%).


Stability and Growth of Payments

Stable Dividend: ANG's dividend payments have been volatile in the past 10 years.

Growing Dividend: ANG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (115.4%), ANG's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.5yrs

Average management tenure


CEO

John Singleton (61 yo)

0.33

Tenure

AU$209,797

Compensation

Mr. David Patrick Alexander Singleton, also known as John, B.Sc. (Hons), had been an Interim Chief Executive Officer at Austin Engineering Limited since June 25, 2021 until July 14, 2021, has been its Chie...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD156.75K) is below average for companies of similar size in the Australian market ($USD302.87K).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: ANG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: ANG's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Austin Engineering Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Austin Engineering Limited
  • Ticker: ANG
  • Exchange: ASX
  • Founded: 1982
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: AU$136.684m
  • Shares outstanding: 581.64m
  • Website: https://www.austineng.com

Number of Employees


Location

  • Austin Engineering Limited
  • 100 Chisholm Crescent
  • Kewdale
  • Perth
  • Western Australia
  • 6105
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 07:02
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.