Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in North America, Europe, Australia, Asia, South and Central America, the Middle East, and Africa. More Details
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Austal's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASB has not had significant price volatility in the past 3 months.
7 Day Return
AU Aerospace & Defense
1 Year Return
AU Aerospace & Defense
Return vs Industry: ASB underperformed the Australian Aerospace & Defense industry which returned -18.7% over the past year.
Return vs Market: ASB underperformed the Australian Market which returned -5.7% over the past year.
Price Volatility Vs. Market
How volatile is Austal's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StIntroducing Austal (ASX:ASB), A Stock That Climbed 92% In The Last Three Years
2 weeks ago | Simply Wall StCan Austal (ASX:ASB) Continue To Grow Its Returns On Capital?
3 weeks ago | Simply Wall StAustal Limited's (ASX:ASB) Low P/E No Reason For Excitement
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$3.22) is trading below our estimate of fair value (A$6.25)
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 (12.9x) compared to the AU Aerospace & Defense industry average (15.6x).
PE vs Market: ASB is good value based on its PE Ratio (12.9x) compared to the Australian market (21.5x).
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 (1.5x) compared to the AU Aerospace & Defense industry average (2.3x).
How is Austal forecast to perform in the next 1 to 3 years based on estimates from 4 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 (-3.7% per year).
Earnings vs Market: ASB's earnings are forecast to decline over the next 3 years (-3.7% 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 (-2.7% per year).
High Growth Revenue: ASB's revenue is forecast to decline over the next 3 years (-2.7% 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 (10%).
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 (4.3%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: ASB's earnings have grown significantly by 39.2% per year over the past 5 years.
Accelerating Growth: ASB's earnings growth over the past year (44.7%) exceeds its 5-year average (39.2% per year).
Earnings vs Industry: ASB earnings growth over the past year (44.7%) exceeded the Aerospace & Defense industry -1.6%.
Return on Equity
High ROE: ASB's Return on Equity (11.9%) is considered low.
How is Austal's financial position?
Financial Position Analysis
Short Term Liabilities: ASB's short term assets (A$697.3M) exceed its short term liabilities (A$349.7M).
Long Term Liabilities: ASB's short term assets (A$697.3M) exceed its long term liabilities (A$269.6M).
Debt to Equity History and Analysis
Debt Level: ASB's debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: ASB's debt to equity ratio has reduced from 27.9% to 22.1% over the past 5 years.
Debt Coverage: ASB's debt is well covered by operating cash flow (99.6%).
Interest Coverage: ASB's interest payments on its debt are well covered by EBIT (17.5x coverage).
What is Austal current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ASB's dividend (3.11%) is higher than the bottom 25% of dividend payers in the Australian market (2.14%).
High Dividend: ASB's dividend (3.11%) is low compared to the top 25% of dividend payers in the Australian market (5.48%).
Stability and Growth of Payments
Stable Dividend: ASB's dividend payments have been volatile in the past 10 years.
Growing Dividend: ASB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32%), ASB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASB's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Singleton (60 yo)
Mr. David Patrick Alexander Singleton, B.Sc. (Hons), is also known as John, has been the Chief Executive Officer and Managing Director of Austal Limited since April 4, 2016. He has spent much of his career ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.33M) is above average for companies of similar size in the Australian market ($USD941.91K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
|CEO, MD & Executive Director||4.5yrs||AU$1.89m||0.71% |
|Group Chief Financial Officer||7.75yrs||AU$1.25m||0.14% |
|Chief Operating Officer||3.67yrs||AU$1.06m||0.058% |
|President of USA Operations||7.92yrs||AU$2.17m||0.27% |
|General Counsel & Company Secretary||no data||no data||no data|
|President of Philippines||4.25yrs||no data||no data|
|Sales Manager||no data||AU$307.74k||no data|
|Manufacturing Manager||no data||AU$175.99k||no data|
|Operations Manager||no data||AU$190.91k||no data|
Experienced Management: ASB's management team is considered experienced (4.5 years average tenure).
|CEO, MD & Executive Director||4.5yrs||AU$1.89m||0.71% |
|Non-Executive Chairman||22.75yrs||AU$210.00k||no data|
|Independent Non-Executive Director||6.92yrs||AU$130.00k||0.0085% |
|Independent Non-Executive Director||2yrs||AU$120.00k||0% |
|Independent Non-Executive Director||0.083yr||no data||no data|
|Independent Non-Executive Deputy Chairman||1.08yrs||AU$139.58k||0.0028% |
Experienced Board: ASB's board of directors are considered experienced (4.5 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 company bio, employee growth, exchange listings and data sources
- Name: Austal Limited
- Ticker: ASB
- Exchange: ASX
- Founded: 1988
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: AU$1.161b
- Shares outstanding: 358.42m
- Website: https://www.austal.com
Number of Employees
- Austal Limited
- 100 Clarence Beach Road
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AUTL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 1998|
|ASB||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Dec 1998|
|LX6||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 1998|
|ASB||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Dec 1998|
|AUTL.Y||OTCPK (Pink Sheets LLC)||SPON ADR||US||USD||Feb 2005|
Austal Limited designs, manufactures, constructs, and supports defense and commercial vessels in North America, Europe, Australia, Asia, South and Central America, the Middle East, and Africa. The company ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/21 10:47|
|End of Day Share Price||2020/10/21 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.