Accent Group Limited

ASX:AX1 Stock Report

Market Cap: AU$1.3b

Accent Group Valuation

Is AX1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 AX1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AX1 (A$2.26) is trading below our estimate of fair value (A$4.85)

Significantly Below Fair Value: AX1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AX1?

Key metric: As AX1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AX1. This is calculated by dividing AX1's market cap by their current earnings.
What is AX1's PE Ratio?
PE Ratio21.5x
EarningsAU$59.53m
Market CapAU$1.28b

Price to Earnings Ratio vs Peers

How does AX1's PE Ratio compare to its peers?

The above table shows the PE ratio for AX1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.2x
UNI Universal Store Holdings
17.8x9.0%AU$611.5m
PMV Premier Investments
19.9x4.4%AU$5.1b
STP Step One Clothing
18.4x12.4%AU$228.7m
CTT Cettire
48.6x32.0%AU$509.0m
AX1 Accent Group
21.5x13.7%AU$1.3b

Price-To-Earnings vs Peers: AX1 is good value based on its Price-To-Earnings Ratio (21.5x) compared to the peer average (26.2x).

Price to Earnings Ratio vs Industry

How does AX1's PE Ratio compare vs other companies in the AU Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
AX1 21.5xIndustry Avg. 17.8xNo. of Companies4PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AX1 is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the Australian Specialty Retail industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is AX1'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.

AX1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.5x
Fair PE Ratio19.6x

Price-To-Earnings vs Fair Ratio: AX1 is expensive based on its Price-To-Earnings Ratio (21.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).

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 AX1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.26
AU$2.50
+10.5%
6.0%AU$2.75AU$2.25n/a12
Dec ’25AU$2.47
AU$2.50
+1.1%
6.0%AU$2.75AU$2.25n/a12
Nov ’25AU$2.31
AU$2.48
+7.5%
5.5%AU$2.75AU$2.25n/a12
Oct ’25AU$2.33
AU$2.43
+4.2%
6.2%AU$2.75AU$2.20n/a12
Sep ’25AU$2.11
AU$2.40
+13.5%
4.7%AU$2.57AU$2.20n/a12
Aug ’25AU$2.20
AU$2.39
+8.7%
5.5%AU$2.60AU$2.10n/a12
Jul ’25AU$1.91
AU$2.28
+19.2%
8.1%AU$2.54AU$2.00n/a12
Jun ’25AU$1.88
AU$2.28
+21.1%
8.1%AU$2.54AU$2.00n/a12
May ’25AU$1.85
AU$2.28
+23.4%
8.1%AU$2.54AU$2.00n/a12
Apr ’25AU$2.03
AU$2.28
+12.5%
8.3%AU$2.54AU$2.00n/a11
Mar ’25AU$2.05
AU$2.23
+8.7%
9.6%AU$2.54AU$1.95n/a11
Feb ’25AU$2.07
AU$2.11
+1.7%
11.6%AU$2.43AU$1.75n/a11
Jan ’25AU$1.94
AU$2.08
+7.2%
11.7%AU$2.43AU$1.75n/a11
Dec ’24AU$1.85
AU$2.09
+13.2%
12.1%AU$2.43AU$1.75AU$2.4711
Nov ’24AU$1.91
AU$2.19
+15.0%
9.0%AU$2.50AU$1.75AU$2.3110
Oct ’24AU$1.96
AU$2.18
+11.5%
9.5%AU$2.50AU$1.75AU$2.339
Sep ’24AU$2.05
AU$2.18
+6.6%
9.5%AU$2.50AU$1.75AU$2.119
Aug ’24AU$1.77
AU$2.02
+14.0%
17.0%AU$2.50AU$1.50AU$2.208
Jul ’24AU$1.68
AU$2.15
+28.6%
12.2%AU$2.50AU$1.74AU$1.918
Jun ’24AU$1.73
AU$2.31
+33.8%
13.9%AU$2.80AU$1.74AU$1.889
May ’24AU$2.54
AU$2.47
-2.9%
12.1%AU$3.10AU$2.10AU$1.859
Apr ’24AU$2.37
AU$2.41
+1.5%
11.1%AU$3.10AU$2.10AU$2.0310
Mar ’24AU$2.22
AU$2.32
+4.7%
12.2%AU$2.90AU$1.71AU$2.0511
Feb ’24AU$2.27
AU$2.23
-1.8%
13.3%AU$2.75AU$1.71AU$2.0711
Jan ’24AU$1.68
AU$1.98
+18.1%
12.4%AU$2.40AU$1.60AU$1.9411
Dec ’23AU$1.75
AU$1.98
+13.4%
12.4%AU$2.40AU$1.60AU$1.8511

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 03:32
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

Accent Group Limited is covered by 18 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sam HaddadBell Potter
Chamithri RatnapalaBell Potter
Josephine LittleCGS International