ASB Stock Overview
Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.08|
|52 Week High||AU$2.66|
|52 Week Low||AU$1.61|
|1 Month Change||10.64%|
|3 Month Change||9.76%|
|1 Year Change||-16.47%|
|3 Year Change||-0.95%|
|5 Year Change||26.83%|
|Change since IPO||73.34%|
Recent News & Updates
These 4 Measures Indicate That Austal (ASX:ASB) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Austal's (ASX:ASB) Shareholders Will Receive A Smaller Dividend Than Last Year
Austal Limited's ( ASX:ASB ) dividend is being reduced to AU$0.04 on the 21st of October. The dividend yield of 4.1% is...
|ASB||AU Aerospace & Defense||AU Market|
Return vs Industry: ASB exceeded the Australian Aerospace & Defense industry which returned -35.4% over the past year.
Return vs Market: ASB underperformed the Australian Market which returned 7.7% over the past year.
|ASB Average Weekly Movement||3.6%|
|Aerospace & Defense Industry Average Movement||6.2%|
|Market Average Movement||8.5%|
|10% most volatile stocks in AU Market||15.3%|
|10% least volatile stocks in AU Market||3.6%|
Stable Share Price: ASB is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ASB's weekly volatility (4%) has been stable over the past year.
About the Company
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 designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval and other defense vessels; and patrol boats for government law enforcement and border protection agencies.
Austal Fundamentals Summary
|ASB fundamental statistics|
Is ASB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ASB income statement (TTM)|
|Cost of Revenue||AU$1.35b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.22|
|Net Profit Margin||5.16%|
How did ASB perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is Austal undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ASB (A$2.08) is trading below our estimate of fair value (A$5.33)
Significantly Below Fair Value: ASB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ASB is good value based on its PE Ratio (9.3x) compared to the Global Aerospace & Defense industry average (34.2x).
PE vs Market: ASB is good value based on its PE Ratio (9.3x) compared to the Australian market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: ASB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ASB is good value based on its PB Ratio (1x) compared to the AU Aerospace & Defense industry average (1.4x).
How is Austal forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASB's earnings are forecast to decline over the next 3 years (-0.6% per year).
Earnings vs Market: ASB's earnings are forecast to decline over the next 3 years (-0.6% per year).
High Growth Earnings: ASB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ASB's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: ASB's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ASB's Return on Equity is forecast to be low in 3 years time (5.8%).
How has Austal performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ASB has high quality earnings.
Growing Profit Margin: ASB's current net profit margins (5.2%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: ASB has become profitable over the past 5 years, growing earnings by 56.8% per year.
Accelerating Growth: ASB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASB had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Aerospace & Defense industry average (25.3%).
Return on Equity
High ROE: ASB's Return on Equity (10.5%) is considered low.
How is Austal's financial position?
Financial Position Analysis
Short Term Liabilities: ASB's short term assets (A$684.4M) exceed its short term liabilities (A$397.6M).
Long Term Liabilities: ASB's short term assets (A$684.4M) exceed its long term liabilities (A$277.8M).
Debt to Equity History and Analysis
Debt Level: ASB has more cash than its total debt.
Reducing Debt: ASB's debt to equity ratio has reduced from 35.4% to 19% over the past 5 years.
Debt Coverage: ASB's debt is well covered by operating cash flow (72.9%).
Interest Coverage: ASB's interest payments on its debt are well covered by EBIT (14.5x coverage).
What is Austal current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASB's dividend (3.85%) is higher than the bottom 25% of dividend payers in the Australian market (2.21%).
High Dividend: ASB's dividend (3.85%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).
Stability and Growth of Payments
Stable Dividend: ASB's dividend payments have been volatile in the past 10 years.
Growing Dividend: ASB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.5%), ASB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASB's dividends in 3 years are forecast to be well covered by earnings (48.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Patrick Gregg, also known as Paddy, has been Chief Executive Officer and Managing Director at Austal Limited since January 1, 2020. Mr. Gregg had been Chief Operating Officer at Austal Limited since Fe...
CEO Compensation Analysis
Compensation vs Market: Paddy's total compensation ($USD1.02M) is above average for companies of similar size in the Australian market ($USD733.70K).
Compensation vs Earnings: Paddy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: ASB's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Experienced Board: ASB's board of directors are considered experienced (4.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Austal Limited's employee growth, exchange listings and data sources
- Name: Austal Limited
- Ticker: ASB
- Exchange: ASX
- Founded: 1988
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Implied Market Cap: AU$730.391m
- Shares outstanding: 361.58m
- Website: https://www.austal.com
Number of Employees
- Austal Limited
- 100 Clarence Beach Road
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 07:02|
|End of Day Share Price||2022/01/20 00:00|
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.