How does ASB's PE Ratio compare to its peers?

ASB is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the peer average (32.9x).

How does ASB's PE Ratio compare vs other companies in the Global Aerospace & Defense Industry?

ASB is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the Global Aerospace & Defense industry average (39x).

What is ASB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASB is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the estimated Fair Price-To-Earnings Ratio (39.3x).

What is the Fair Price of ASB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ASB (A$3.03) is trading above our estimate of [[fair value]] (A$0.56)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

ASB Stock Overview

Engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. More details

ASB fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	4/6
Past Performance	1/6
Financial Health	4/6
Dividends	0/6

Rewards

Earnings are forecast to grow 41.34% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

My Notes

Capture your thoughts, links and company narrative

Austal Limited Competitors

DroneShield

ASX:DRO

AU$545.1m

Monadelphous Group

ASX:MND

AU$1.3b

GWA Group

ASX:GWA

AU$625.9m

Johns Lyng Group

ASX:JLG

AU$1.0b

Price History & Performance

Summary of share price highs, lows and changes for Austal
Historical stock prices
Current Share Price	AU$3.03
52 Week High	AU$3.52
52 Week Low	AU$1.71
Beta	0.66
1 Month Change	-4.11%
3 Month Change	2.02%
1 Year Change	62.90%
3 Year Change	57.40%
5 Year Change	-22.31%
Change since IPO	152.50%

Recent updates

There's Been No Shortage Of Growth Recently For Austal's (ASX:ASB) Returns On Capital

Jul 01

Austal (ASX:ASB) Has Affirmed Its Dividend Of AU$0.04

Feb 28

These 4 Measures Indicate That Austal (ASX:ASB) Is Using Debt Reasonably Well

Sep 27

Austal's (ASX:ASB) Shareholders Will Receive A Smaller Dividend Than Last Year

Aug 26

Here's Why I Think Austal (ASX:ASB) Might Deserve Your Attention Today

Aug 24

We Like These Underlying Return On Capital Trends At Austal (ASX:ASB)

May 30

Is There An Opportunity With Austal Limited's (ASX:ASB) 49% Undervaluation?

Apr 30

How Does Austal Limited (ASX:ASB) Fare As A Dividend Stock?

Apr 18

Does Austal (ASX:ASB) Deserve A Spot On Your Watchlist?

Mar 25

Austal Limited (ASX:ASB) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Mar 12

Austal (ASX:ASB) Has A Rock Solid Balance Sheet

Mar 11

What You Need To Know About Austal Limited's (ASX:ASB) Investor Composition

Feb 27

Did You Participate In Any Of Austal's (ASX:ASB) Fantastic 145% Return ?

Feb 11

Is Austal Limited (ASX:ASB) Trading At A 35% Discount?

Jan 29

How Does Austal Limited (ASX:ASB) Stand Up To These Simple Dividend Safety Checks?

Jan 17

Does Austal (ASX:ASB) Have The Makings Of A Multi-Bagger?

Jan 04

Here's Why We Think Austal (ASX:ASB) Is Well Worth Watching

Dec 22

Is There More To The Story Than Austal's (ASX:ASB) Earnings Growth?

Dec 10

Shareholder Returns

	ASB	AU Aerospace & Defense	AU Market
7D	8.2%	2.3%	-2.0%
1Y	62.9%	62.3%	7.8%

Return vs Industry: ASB matched the Australian Aerospace & Defense industry which returned 62.3% over the past year.

Return vs Market: ASB exceeded the Australian Market which returned 7.8% over the past year.

Price Volatility

Is ASB's price volatile compared to industry and market?
ASB volatility
ASB Average Weekly Movement	5.6%
Aerospace & Defense Industry Average Movement	6.9%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: ASB has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: ASB's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	4,258	Paddy Gregg	www.austal.com

Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company offers passenger only ferries, vehicle passenger ferries, and offshore and windfarm vessels; and naval and other defense vessels, as well as patrol boats for government law enforcement and border protection agencies.

Austal Limited Fundamentals Summary

How do Austal's earnings and revenue compare to its market cap?
ASB fundamental statistics
Market cap	AU$1.10b
Earnings (TTM)	AU$14.88m
Revenue (TTM)	AU$1.47b

73.7x

P/E Ratio

0.7x

P/S Ratio

Is ASB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASB income statement (TTM)
Revenue	AU$1.47b
Cost of Revenue	AU$1.30b
Gross Profit	AU$172.51m
Other Expenses	AU$157.63m
Earnings	AU$14.88m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.041
Gross Margin	11.74%
Net Profit Margin	1.01%
Debt/Equity Ratio	16.9%

How did ASB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 15:53
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Austal Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	Barclay Pearce Capital Pty Limited
Daniel Laing	Bell Potter
Sam Teeger	Citigroup Inc

ASB Stock Overview

Rewards

Risk Analysis

Austal Limited Competitors

ASX:DRO

AU$545.1m

ASX:MND

AU$1.3b

ASX:GWA

AU$625.9m

ASX:JLG

AU$1.0b

Price History & Performance

Recent News & Updates

Austal Limited, Annual General Meeting, Nov 01, 2024

Hanwha Corporation (KOSE:A000880) cancelled the acquisition of Austal Limited (ASX:ASB).

Investor sentiment improves as stock rises 29%

Consensus revenue estimates decrease by 10%, EPS upgraded

Price target increased by 14% to AU$3.12

Full year 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

Austal Limited, Annual General Meeting, Nov 01, 2024

Hanwha Corporation (KOSE:A000880) cancelled the acquisition of Austal Limited (ASX:ASB).

Investor sentiment improves as stock rises 29%

Consensus revenue estimates decrease by 10%, EPS upgraded

Price target increased by 14% to AU$3.12

Full year 2024 earnings: EPS and revenues miss analyst expectations

Austal Limited to Report Fiscal Year 2024 Results on Aug 30, 2024

Hanwha Corporation (KOSE:A000880) made a proposal to acquire Austal Limited (ASX:ASB) for AUD 1 billion

Hanwha's Bid for Austal Rejected by Target's Board

Price target increased by 9.0% to AU$2.68

Austal Limited Announces Resignation of Michael McCormack as Non-Executive Director, Effective 31 March 2024

First half 2024 earnings released: EPS: AU$0.033 (vs AU$0.02 loss in 1H 2023)

Austal Limited to Report First Half, 2024 Results on Feb 23, 2024

Now 22% overvalued after recent price rise

What You Can Learn From Austal Limited's (ASX:ASB) P/S

Austal Limited, Annual General Meeting, Oct 26, 2023

Upcoming dividend of AU$0.03 per share at 3.1% yield

Austal (ASX:ASB) Has Announced That Its Dividend Will Be Reduced To A$0.03

Price target decreased by 7.3% to AU$2.28

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Austal Limited to Report Fiscal Year 2023 Results on Aug 31, 2023

A Look At The Fair Value Of Austal Limited (ASX:ASB)

Consensus EPS estimates fall from profit to AU$0.038 loss

Austal Limited Revises Earnings Guidance for the Fiscal Year 2023

Austal (ASX:ASB) Might Be Having Difficulty Using Its Capital Effectively

Investor sentiment improves as stock rises 16%

Price target increased by 16% to AU$2.35

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 20%

Upcoming dividend of AU$0.04 per share at 4.3% yield

Austal (ASX:ASB) Has Affirmed Its Dividend Of A$0.04

Consensus EPS estimates increase by 35%

Is Austal Limited (ASX:ASB) Worth AU$1.8 Based On Its Intrinsic Value?

Price target decreased by 11% to AU$2.26

Consensus forecasts updated

Austal Limited Announces Director Changes

Austal Limited Announces Board Changes

Austal Limited, Annual General Meeting, Nov 23, 2022

Austal Limited Announces ASIC Settlement Endorsement by Federal Court

Austal Limited Announces Future USNS Apalachicola Completes Acceptance Trials

Austal Limited Reaches Settlement with Australian Securities and Investments Commission

Upcoming dividend of AU$0.04 per share

Austal (ASX:ASB) Is Paying Out A Dividend Of A$0.04

Price target increased to AU$2.85

Austal Limited Announces Dividend for the Six Months Ended June 30, 2022, Payable on 13 October, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Austal Limited to Report Fiscal Year 2022 Results on Aug 26, 2022

Austal Limited Upgrades EBIT Guidance for the Fiscal Year 2022

Price target increased to AU$2.38

There's Been No Shortage Of Growth Recently For Austal's (ASX:ASB) Returns On Capital

Investor sentiment improved over the past week

Price target decreased to AU$2.24

Upcoming dividend of AU$0.04 per share

Austal (ASX:ASB) Has Affirmed Its Dividend Of AU$0.04

Price target decreased to AU$2.42

First half 2022 earnings: EPS and revenues exceed analyst expectations

Austal Limited Provides Earnings Guidance for the Financial Year 2022

Jianglong Shipbuilding Co., Ltd. (SZSE:300589) acquired remaining 40% stake in Aulong Shipbuilding Co., Ltd. from Austal Limited (ASX:ASB) for AUD 4.2 million.

These 4 Measures Indicate That Austal (ASX:ASB) Is Using Debt Reasonably Well