ACCENT GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.93 AUD | +2.93% |
|
+4.04% | -0.52% |
| Apr. 23 | Dusk Group Appoints CFO | MT |
| Mar. 13 | Morgan Stanley Upgrades Accent Group to Overweight From Equalweight, Price Target is AU$2.45 | MT |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 746.7 | 755.9 | 1,511 | 677.1 | 925.4 | 1,056 | - | - |
| Enterprise Value (EV) 1 | 796.1 | 1,102 | 1,962 | 1,228 | 1,454 | 1,618 | 1,629 | 1,642 |
| P/E ratio | 14.6 x | 14.1 x | 19.6 x | 21.5 x | 10.4 x | 16.6 x | 13.1 x | 11.3 x |
| Yield | 5.94% | 6.61% | 4.03% | 5.2% | 10.4% | 6.07% | 6.93% | 7.73% |
| Capitalization / Revenue | 0.97 x | 0.94 x | 1.56 x | 0.6 x | 0.65 x | 0.74 x | 0.68 x | 0.63 x |
| EV / Revenue | 1.03 x | 1.37 x | 2.03 x | 1.09 x | 1.02 x | 1.13 x | 1.05 x | 0.98 x |
| EV / EBITDA | 7.31 x | 5.42 x | 8.11 x | 5.75 x | 4.88 x | 5.61 x | 5.04 x | 4.71 x |
| EV / FCF | 19.5 x | 7.72 x | 14.7 x | 12.1 x | 6.31 x | 6.72 x | 7.48 x | 6.93 x |
| FCF Yield | 5.13% | 13% | 6.79% | 8.27% | 15.8% | 14.9% | 13.4% | 14.4% |
| Price to Book | 1.86 x | 1.91 x | 3.76 x | 1.54 x | 2.1 x | 2.44 x | 2.4 x | 2.35 x |
| Nbr of stocks (in thousands) | 537,195 | 539,943 | 541,483 | 541,667 | 552,460 | 563,053 | - | - |
| Reference price 2 | 1.390 | 1.400 | 2.790 | 1.250 | 1.675 | 1.875 | 1.875 | 1.875 |
| Announcement Date | 8/22/19 | 8/26/20 | 8/18/21 | 8/18/22 | 8/24/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 772.5 | 807.1 | 967.8 | 1,130 | 1,421 | 1,432 | 1,556 | 1,669 |
| EBITDA 1 | 108.9 | 203.4 | 242 | 213.6 | 298.2 | 288.2 | 323.3 | 349 |
| EBIT 1 | 80.63 | 94.77 | 124.9 | 62.3 | 138.8 | 114.7 | 139.9 | 158.4 |
| Operating Margin | 10.44% | 11.74% | 12.91% | 5.51% | 9.77% | 8.01% | 8.99% | 9.5% |
| Earnings before Tax (EBT) 1 | - | 80.33 | 111 | 46.59 | 119.6 | 93.17 | 109.9 | 125.8 |
| Net income 1 | 53.87 | 55.68 | 76.92 | 31.46 | 88.65 | 63.15 | 81.56 | 94.19 |
| Net margin | 6.97% | 6.9% | 7.95% | 2.78% | 6.24% | 4.41% | 5.24% | 5.64% |
| EPS 2 | 0.0954 | 0.0993 | 0.1421 | 0.0581 | 0.1616 | 0.1132 | 0.1436 | 0.1662 |
| Free Cash Flow 1 | 40.85 | 142.8 | 133.2 | 101.5 | 230.4 | 240.6 | 217.8 | 236.9 |
| FCF margin | 5.29% | 17.7% | 13.76% | 8.99% | 16.22% | 16.8% | 13.99% | 14.19% |
| FCF Conversion (EBITDA) | 37.51% | 70.23% | 55.02% | 47.54% | 77.25% | 83.5% | 67.37% | 67.88% |
| FCF Conversion (Net income) | 75.83% | 256.52% | 173.12% | 322.71% | 259.85% | 381.07% | 267.01% | 251.49% |
| Dividend per Share 2 | 0.0825 | 0.0925 | 0.1125 | 0.0650 | 0.1750 | 0.1138 | 0.1299 | 0.1449 |
| Announcement Date | 8/22/19 | 8/26/20 | 8/18/21 | 8/18/22 | 8/24/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 444.2 | 362.9 | 466.9 | 500.9 | 525.2 | 604.6 | 758.1 | 662.6 | 742.2 | 728.7 |
| EBITDA | 107.4 | 96.03 | 138.4 | 103.6 | 99.5 | 114.1 | 170.2 | 128 | 157.5 | - |
| EBIT 1 | 55.55 | 39.22 | 81.8 | 43.07 | 30.3 | 32 | 91.17 | 47.63 | 72.36 | 52 |
| Operating Margin | 12.51% | 10.81% | 17.52% | 8.6% | 5.77% | 5.29% | 12.03% | 7.19% | 9.75% | 7.14% |
| Earnings before Tax (EBT) | 48.4 | - | 75.2 | 35.78 | 22.1 | 24.47 | - | 37.8 | - | - |
| Net income 1 | 33.56 | 22.12 | 52.8 | 24.12 | 14.8 | 16.7 | 58.33 | 30.33 | 42.24 | 28 |
| Net margin | 7.56% | 6.09% | 11.31% | 4.82% | 2.82% | 2.76% | 7.69% | 4.58% | 5.69% | 3.84% |
| EPS 2 | - | - | - | - | - | 0.0308 | 0.1050 | - | - | 0.0520 |
| Dividend per Share 2 | 0.0525 | - | - | 0.0325 | - | 0.0250 | 0.1200 | 0.0550 | 0.0850 | 0.0450 |
| Announcement Date | 2/19/20 | 8/26/20 | 2/23/21 | 8/18/21 | 2/22/22 | 8/18/22 | 2/23/23 | 8/24/23 | 2/22/24 | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 49.4 | 347 | 451 | 551 | 529 | 562 | 574 | 586 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.4539 x | 1.704 x | 1.863 x | 2.578 x | 1.772 x | 1.95 x | 1.775 x | 1.681 x |
| Free Cash Flow 1 | 40.8 | 143 | 133 | 102 | 230 | 241 | 218 | 237 |
| ROE (net income / shareholders' equity) | 13.5% | 14.2% | 19.3% | 7.24% | 20.1% | 14.5% | 18.4% | 20.6% |
| ROA (Net income/ Total Assets) | 8.45% | 7.37% | 8.05% | 2.7% | 7.48% | 8.85% | 10.9% | 11.4% |
| Assets 1 | 637.7 | 755.5 | 955.2 | 1,164 | 1,185 | 713.4 | 751.7 | 823.9 |
| Book Value Per Share 2 | 0.7500 | 0.7300 | 0.7400 | 0.8100 | 0.8000 | 0.7700 | 0.7800 | 0.8000 |
| Cash Flow per Share 2 | 0.1200 | 0.3000 | 0.2800 | 0.2600 | 0.4500 | 0.5100 | 0.5100 | 0.5600 |
| Capex 1 | 24.8 | 23.8 | 26.2 | 38.8 | 26.2 | 32 | 34.6 | 38 |
| Capex / Sales | 3.22% | 2.95% | 2.71% | 3.44% | 1.85% | 2.24% | 2.22% | 2.28% |
| Announcement Date | 8/22/19 | 8/26/20 | 8/18/21 | 8/18/22 | 8/24/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1.875
AUD
Average target price
2.277
AUD
Spread / Average Target
+21.42%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.52% | 688M | |
| +27.18% | 4.93B | |
| +40.42% | 3.27B | |
| +48.46% | 1.49B | |
| +20.21% | 1.3B | |
| +14.30% | 937M | |
| +9.15% | 553M | |
| +1.74% | 195M | |
| -20.27% | 110M | |
| +26.45% | 52.53M |
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- Financials Accent Group Limited
