AX1 Stock Overview
Accent Group Limited engages in the retail, distribution, and franchise of lifestyle footwear, and apparel and accessories in Australia and New Zealand.
Accent Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$1.33|
|52 Week High||AU$2.77|
|52 Week Low||AU$1.14|
|1 Month Change||-12.21%|
|3 Month Change||6.40%|
|1 Year Change||-40.63%|
|3 Year Change||-18.90%|
|5 Year Change||68.35%|
|Change since IPO||133.33%|
Recent News & Updates
Returns On Capital Signal Tricky Times Ahead For Accent Group (ASX:AX1)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Accent Group (ASX:AX1) Is Paying Out A Larger Dividend Than Last Year
The board of Accent Group Limited ( ASX:AX1 ) has announced that it will be paying its dividend of A$0.04 on the 15th...
|AX1||AU Specialty Retail||AU Market|
Return vs Industry: AX1 underperformed the Australian Specialty Retail industry which returned -24.7% over the past year.
Return vs Market: AX1 underperformed the Australian Market which returned -12.6% over the past year.
|AX1 Average Weekly Movement||7.4%|
|Specialty Retail Industry Average Movement||7.0%|
|Market Average Movement||9.6%|
|10% most volatile stocks in AU Market||16.8%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: AX1 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AX1's weekly volatility (7%) has been stable over the past year.
About the Company
Accent Group Limited engages in the retail, distribution, and franchise of lifestyle footwear, and apparel and accessories in Australia and New Zealand. The company’s brands and banners include The Athlete’s Foot, Platypus Shoes, Hype DC, Skechers, Merrell, CAT, Vans, Dr. Martens, Saucony, Timberland, Hoka One One, Superga, Kappa, Palladium, Supra, Subtype, The Trybe, Stylerunner, Glue Store and Autry. It also operates 760 stores and 36 websites across 26 various retail banners, as well as holds exclusive distribution rights for 18 international brands.
Accent Group Fundamentals Summary
|AX1 fundamental statistics|
Is AX1 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AX1 income statement (TTM)|
|Cost of Revenue||AU$504.99m|
Last Reported Earnings
Jun 26, 2022
Next Earnings Date
|Earnings per share (EPS)||0.058|
|Net Profit Margin||2.78%|
How did AX1 perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is AX1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
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.
|What is AX1's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AX1's PE Ratio compare to its peers?
|AX1 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
UNI Universal Store Holdings
CCX City Chic Collective
BST Best & Less Group Holdings
PMV Premier Investments
AX1 Accent Group
Price-To-Earnings vs Peers: AX1 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (13.3x).
Price to Earnings Ratio vs Industry
How does AX1's PE Ratio compare vs other companies in the AU Specialty Retail Industry?
Price-To-Earnings vs Industry: AX1 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the Australian Specialty Retail industry average (9.7x)
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.
|Current PE Ratio||22.9x|
|Fair PE Ratio||16.4x|
Price-To-Earnings vs Fair Ratio: AX1 is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.4x).
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$1.33) is trading below our estimate of fair value (A$6.48)
Significantly Below Fair Value: AX1 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Accent Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AX1's forecast earnings growth (18.8% per year) is above the savings rate (1.8%).
Earnings vs Market: AX1's earnings (18.8% per year) are forecast to grow faster than the Australian market (6.6% per year).
High Growth Earnings: AX1's earnings are forecast to grow, but not significantly.
Revenue vs Market: AX1's revenue (7% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: AX1's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AX1's Return on Equity is forecast to be low in 3 years time (17.9%).
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How has Accent Group performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AX1 has high quality earnings.
Growing Profit Margin: AX1's current net profit margins (2.8%) are lower than last year (7.8%).
Past Earnings Growth Analysis
Earnings Trend: AX1's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: AX1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AX1 had negative earnings growth (-59.1%) over the past year, making it difficult to compare to the Specialty Retail industry average (-0.5%).
Return on Equity
High ROE: AX1's Return on Equity (7.1%) is considered low.
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How is Accent Group's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AX1's short term assets (A$375.2M) exceed its short term liabilities (A$313.1M).
Long Term Liabilities: AX1's short term assets (A$375.2M) do not cover its long term liabilities (A$462.5M).
Debt to Equity History and Analysis
Debt Level: AX1's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: AX1's debt to equity ratio has increased from 28.2% to 38.4% over the past 5 years.
Debt Coverage: AX1's debt is well covered by operating cash flow (83%).
Interest Coverage: AX1's interest payments on its debt are well covered by EBIT (4.1x coverage).
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What is Accent Group current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Accent Group Dividend Yield vs Market|
|Company (Accent Group)||4.9%|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Specialty Retail)||6.3%|
|Analyst forecast in 3 Years (Accent Group)||8.2%|
Notable Dividend: AX1's dividend (4.89%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: AX1's dividend (4.89%) is low compared to the top 25% of dividend payers in the Australian market (7.19%).
Stability and Growth of Payments
Stable Dividend: AX1's dividend payments have been volatile in the past 10 years.
Growing Dividend: AX1's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (111.9%), AX1's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.3%), AX1's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Daniel John Agostinelli has been an Interim Divisional CEO for Accent Vertical & Apparel Brands at Accent Group Limited since April 2022. He has been Chief Executive Officer of Accent Group Limited (fo...
CEO Compensation Analysis
|Daniel Agostinelli's Compensation vs Accent Group Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 26 2022||AU$3m||AU$1m|
|Mar 26 2022||n/a||n/a|
|Dec 26 2021||n/a||n/a|
|Sep 26 2021||n/a||n/a|
|Jun 27 2021||AU$4m||AU$1m|
|Mar 27 2021||n/a||n/a|
|Dec 27 2020||n/a||n/a|
|Sep 27 2020||n/a||n/a|
|Jun 28 2020||n/a||n/a|
|Mar 28 2020||n/a||n/a|
|Dec 29 2019||n/a||n/a|
|Sep 29 2019||n/a||n/a|
|Jun 30 2019||AU$3m||AU$1m|
|Mar 31 2019||n/a||n/a|
|Dec 30 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jul 01 2018||AU$2m||AU$916k|
|Apr 01 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jul 02 2017||AU$1m||AU$565k|
|Apr 02 2017||n/a||n/a|
|Dec 25 2016||n/a||n/a|
|Sep 25 2016||n/a||n/a|
|Jun 26 2016||AU$809k||AU$558k|
Compensation vs Market: Daniel's total compensation ($USD1.72M) is above average for companies of similar size in the Australian market ($USD897.98K).
Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.
Experienced Management: AX1's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: AX1's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AX1 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|26 Aug 22||BuyAU$49,995||Joshua Peter Lowcock||Individual||30,300||AU$1.65|
|13 May 22||BuyAU$5,119,998||Brett Blundy||Individual||4,000,000||AU$1.28|
|11 May 22||BuyAU$214,828||Daniel Agostinelli||Individual||162,000||AU$1.33|
|10 May 22||BuyAU$740,428||Brett Blundy||Individual||586,245||AU$1.26|
|09 May 22||BuyAU$5,602,757||Brett Blundy||Individual||4,373,467||AU$1.28|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Accent Group Limited's employee growth, exchange listings and data sources
- Name: Accent Group Limited
- Ticker: AX1
- Exchange: ASX
- Founded: 1981
- Industry: Apparel Retail
- Sector: Retail
- Implied Market Cap: AU$685.461m
- Shares outstanding: 541.87m
- Website: https://www.accentgr.com.au
Number of Employees
- Accent Group Limited
- 2/64 Balmain Street
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AX1||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2004|
|AX1||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2004|
|RJD||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2004|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.