Austal Limited

ASX:ASB Stock Report

Market Cap: AU$1.1b

Austal Valuation

Is ASB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ASB (A$3.03) is trading above our estimate of fair value (A$0.56)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASB?

Key metric: As ASB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASB. This is calculated by dividing ASB's market cap by their current earnings.
What is ASB's PE Ratio?
PE Ratio73.7x
EarningsAU$14.88m
Market CapAU$1.10b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.9x
DRO DroneShield
73x52.6%AU$545.1m
MND Monadelphous Group
21.1x8.2%AU$1.3b
GWA GWA Group
16.2x10.6%AU$625.9m
JLG Johns Lyng Group
21.4x11.5%AU$1.0b
ASB Austal
73.7x41.3%AU$1.1b

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

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASB 73.7xIndustry Avg. 38.6xNo. of Companies21PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASB is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the Global Aerospace & Defense industry average (38.6x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.7x
Fair PE Ratio39.2x

Price-To-Earnings vs Fair Ratio: ASB is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the estimated Fair Price-To-Earnings Ratio (39.2x).

Analyst Price Targets

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

The above table shows the analyst ASB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$3.03
AU$3.44
+13.5%
15.9%AU$4.14AU$2.50n/a5
Dec ’25AU$3.19
AU$3.44
+7.8%
15.9%AU$4.14AU$2.50n/a5
Nov ’25AU$3.16
AU$3.30
+4.6%
16.1%AU$4.14AU$2.50n/a5
Oct ’25AU$2.88
AU$3.26
+13.0%
17.9%AU$4.14AU$2.50n/a4
Sep ’25AU$2.34
AU$3.12
+33.2%
19.5%AU$4.14AU$2.55n/a4
Aug ’25AU$2.60
AU$2.86
+9.9%
7.0%AU$3.10AU$2.55n/a4
Jul ’25AU$2.49
AU$2.86
+14.8%
7.0%AU$3.10AU$2.55n/a4
Jun ’25AU$2.39
AU$2.75
+14.9%
14.0%AU$3.10AU$2.10n/a4
May ’25AU$2.37
AU$2.75
+15.8%
14.0%AU$3.10AU$2.10n/a4
Apr ’25AU$2.20
AU$2.56
+16.5%
16.5%AU$3.10AU$2.10n/a4
Mar ’25AU$2.04
AU$2.56
+25.6%
16.5%AU$3.10AU$2.10n/a4
Feb ’25AU$2.00
AU$2.46
+23.1%
11.9%AU$2.75AU$2.10n/a4
Jan ’25AU$2.03
AU$2.46
+21.3%
11.9%AU$2.75AU$2.10n/a4
Dec ’24AU$1.85
AU$2.43
+31.4%
14.1%AU$2.75AU$1.95AU$3.194
Nov ’24AU$1.68
AU$2.43
+44.3%
14.1%AU$2.75AU$1.95AU$3.164
Oct ’24AU$1.88
AU$2.28
+21.2%
18.6%AU$2.75AU$1.69AU$2.885
Sep ’24AU$1.87
AU$2.31
+23.8%
19.9%AU$2.90AU$1.69AU$2.345
Aug ’24AU$2.21
AU$2.46
+11.2%
17.3%AU$2.90AU$1.69AU$2.605
Jul ’24AU$2.37
AU$2.50
+5.6%
21.6%AU$3.10AU$1.69AU$2.495
Jun ’24AU$2.12
AU$2.18
+2.6%
15.2%AU$2.60AU$1.69AU$2.394
May ’24AU$1.66
AU$2.04
+22.6%
16.9%AU$2.60AU$1.69AU$2.374
Apr ’24AU$1.73
AU$2.04
+18.0%
16.9%AU$2.60AU$1.69AU$2.204
Mar ’24AU$1.85
AU$2.14
+16.1%
13.1%AU$2.60AU$1.85AU$2.044
Feb ’24AU$1.65
AU$2.26
+37.3%
14.0%AU$2.70AU$1.75AU$2.005
Jan ’24AU$2.08
AU$2.70
+30.0%
20.6%AU$3.70AU$2.12AU$2.035
Dec ’23AU$2.35
AU$2.70
+15.1%
20.6%AU$3.70AU$2.12AU$1.855

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 21:22
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Daniel LaingBell Potter
Sam TeegerCitigroup Inc