Accent Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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$2.03) is trading below our estimate of fair value (A$6.53)

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?

Other financial metrics that can be useful for relative valuation.

AX1 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA9.9x
PEG Ratio1.3x

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 Average36.5x
UNI Universal Store Holdings
15.5x9.6%AU$410.5m
CTT Cettire
79.8x29.9%AU$1.7b
STP Step One Clothing
31.6x10.4%AU$329.7m
PMV Premier Investments
19.1x3.4%AU$5.2b
AX1 Accent Group
15.8x11.9%AU$1.1b

Price-To-Earnings vs Peers: AX1 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (36.5x).


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
Industry Avg.n/a7.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.9%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: AX1 is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the Australian Specialty Retail industry average (15.3x).


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 Ratio15.8x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: AX1 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).


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$2.03
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$1.75n/a11
Nov ’24AU$1.91
AU$2.19
+15.0%
9.0%AU$2.50AU$1.75n/a10
Oct ’24AU$1.96
AU$2.18
+11.5%
9.5%AU$2.50AU$1.75n/a9
Sep ’24AU$2.05
AU$2.18
+6.6%
9.5%AU$2.50AU$1.75n/a9
Aug ’24AU$1.77
AU$2.02
+14.0%
17.0%AU$2.50AU$1.50n/a8
Jul ’24AU$1.68
AU$2.15
+28.6%
12.2%AU$2.50AU$1.74n/a8
Jun ’24AU$1.73
AU$2.31
+33.8%
13.9%AU$2.80AU$1.74n/a9
May ’24AU$2.54
AU$2.47
-2.9%
12.1%AU$3.10AU$2.10n/a9
Apr ’24AU$2.37
AU$2.41
+1.5%
11.1%AU$3.10AU$2.10n/a10
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
Nov ’23AU$1.55
AU$1.91
+23.4%
12.9%AU$2.40AU$1.60AU$1.9110
Oct ’23AU$1.28
AU$1.91
+49.0%
12.9%AU$2.40AU$1.60AU$1.9610
Sep ’23AU$1.40
AU$1.91
+36.2%
12.9%AU$2.40AU$1.60AU$2.0510
Aug ’23AU$1.31
AU$1.77
+35.2%
20.3%AU$2.50AU$1.34AU$1.779
Jul ’23AU$1.25
AU$1.87
+49.5%
23.9%AU$2.50AU$1.25AU$1.688
Jun ’23AU$1.34
AU$2.16
+62.0%
17.9%AU$2.50AU$1.45AU$1.738
May ’23AU$1.44
AU$2.25
+56.4%
12.5%AU$2.50AU$1.60AU$2.548
Apr ’23AU$1.65
AU$2.56
+55.5%
11.6%AU$3.10AU$2.11AU$2.378
Mar ’23AU$1.90
AU$2.56
+34.6%
11.6%AU$3.10AU$2.11AU$2.228

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


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