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Adrad Holdings Limited (AU:AHL)
ASX:AHL
Australian Market
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Adrad Holdings Limited (AHL) AI Stock Analysis

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AU:AHL

Adrad Holdings Limited

(Sydney:AHL)

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Outperform 72 (OpenAI - 4o)
Rating:72Outperform
Price Target:
AU$1.00
▲(20.48% Upside)
Adrad Holdings Limited's overall stock score is driven by strong valuation metrics, indicating potential undervaluation and an attractive dividend yield. The technical analysis supports a bullish trend, although caution is advised due to overbought signals. Financial performance is solid, with room for improvement in net profit margin and cash flow conversion.

Adrad Holdings Limited (AHL) vs. iShares MSCI Australia ETF (EWA)

Adrad Holdings Limited Business Overview & Revenue Model

Company DescriptionAdrad Holdings Limited engages in the design and manufacture of heat transfer solutions for industrial applications in Australia and New Zealand. It offers heat exchangers for mobile and stationery applications; and radiators and other heat exchange products for the automotive and industrial aftermarket. The company also imports and distributes automotive products for the aftermarket. It serves the automotive, transport, mining, construction, agriculture, and energy industries. The company was founded in 1985 and is based in Beverley, Australia.
How the Company Makes MoneyAHL generates revenue through multiple streams, primarily by selling automotive heat exchange products to wholesalers, retailers, and directly to end-users in the automotive industry. The company benefits from a strong aftermarket presence, allowing it to capture demand for replacement parts as vehicles age. Additionally, AHL's revenue is bolstered by partnerships with automotive manufacturers and distributors, which help in expanding its market reach. The company also invests in innovation and product development to enhance its offerings, thereby attracting more customers and increasing sales. Significant factors contributing to AHL's earnings include its established brand reputation, a diverse product range, and ongoing demand in the automotive aftermarket.

Adrad Holdings Limited Financial Statement Overview

Summary
Adrad Holdings Limited has demonstrated strong financial performance with notable revenue growth and robust margins. The balance sheet is healthy with low leverage, and cash flows are strong, supporting operations and potential growth. However, there is room for improving operational efficiency and shareholder returns.
Income Statement
65
Positive
Adrad Holdings Limited has demonstrated strong revenue growth over the past few years, with the 2024 revenue showing a modest increase from 2023. The gross profit margin for 2024 is approximately 53.8%, which indicates strong cost management and is a significant improvement from the prior year. The net profit margin is approximately 4.2%, reflecting stable profitability. EBIT and EBITDA margins are strong, indicating efficient operations. However, the slight decline in EBIT compared to 2023 suggests some operational challenges.
Balance Sheet
70
Positive
The company's balance sheet shows a healthy equity position with an equity ratio of approximately 63.4% in 2024, indicating a strong capital structure. The debt-to-equity ratio stands at 0.4, which is relatively conservative and suggests low financial leverage. Return on equity is about 4.9%, showing moderate profitability relative to equity. While the balance sheet is stable, the modest return on equity indicates potential areas for improving shareholder returns.
Cash Flow
60
Neutral
Adrad Holdings has shown significant improvement in its cash flow generation, with a free cash flow to net income ratio of approximately 1.55 in 2024, indicating efficient conversion of earnings to cash. The operating cash flow to net income ratio is about 2.46, reflecting strong cash generation from operations. Free cash flow has grown considerably from the previous year, which enhances financial flexibility.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue153.18M153.20M143.27M141.13M122.83M87.09M
Gross Profit54.92M80.19M27.84M26.01M25.23M19.48M
EBITDA17.08M15.63M16.50M18.31M18.34M15.49M
Net Income6.22M5.65M5.97M5.61M6.77M12.86M
Balance Sheet
Total Assets189.22M189.22M190.56M189.59M169.41M107.65M
Cash, Cash Equivalents and Short-Term Investments18.97M18.97M15.84M13.93M3.48M4.84M
Total Debt41.35M41.35M48.77M48.89M75.26M19.77M
Total Liabilities62.97M62.97M69.79M72.70M97.38M43.36M
Stockholders Equity126.25M126.25M120.77M116.89M72.03M62.34M
Cash Flow
Free Cash Flow9.78M9.78M9.27M2.74M3.88M8.52M
Operating Cash Flow13.95M13.95M14.70M6.76M8.06M11.69M
Investing Cash Flow-4.07M-4.07M-5.24M-3.86M-20.61M-3.18M
Financing Cash Flow-7.50M-7.50M-7.55M7.56M11.18M-7.40M

Adrad Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.83
Price Trends
50DMA
0.75
Positive
100DMA
0.70
Positive
200DMA
0.66
Positive
Market Momentum
MACD
0.02
Negative
RSI
66.81
Neutral
STOCH
81.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AHL, the sentiment is Positive. The current price of 0.83 is above the 20-day moving average (MA) of 0.77, above the 50-day MA of 0.75, and above the 200-day MA of 0.66, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 66.81 is Neutral, neither overbought nor oversold. The STOCH value of 81.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AHL.

Adrad Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
€56.20M2.5219.72%1.40%2.05%259.95%
AU$63.43M11.215.04%3.87%7.16%3.94%
AU$59.04M15.299.67%2.14%3.55%4.14%
$10.79B15.437.44%2.01%2.89%-14.66%
AU$14.73M20.006.19%-6.52%-20.79%
AU$21.81M-25.77%4.84%-12.12%
AU$102.43M-16.49%-40.28%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AHL
Adrad Holdings Limited
0.90
0.21
30.43%
AU:BOL
Boom Logistics Ltd
1.44
<0.01
0.49%
AU:SSH
SSH Group Ltd.
0.16
0.08
100.00%
AU:AVA
Ava Risk Group Ltd.
0.08
-0.06
-42.86%
AU:LIS
Li-S Energy Ltd
0.16
-0.04
-20.00%
AU:LBL
Laserbond Limited
0.54
-0.06
-10.00%

Adrad Holdings Limited Corporate Events

Adrad Holdings Secures Strong Shareholder Support at 2025 AGM
Oct 27, 2025

Adrad Holdings Limited announced the results of its 2025 Annual General Meeting, where all proposed resolutions were carried with significant majority votes. This outcome reflects strong shareholder support and may positively impact the company’s governance and strategic plans, reinforcing its position in the industry.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Limited Issues Informational Presentation with Caution on Forward-Looking Statements
Oct 27, 2025

Adrad Holdings Limited has released a presentation primarily for informational purposes, emphasizing that the content is not comprehensive and should not be relied upon as investment advice. The company underscores that the presentation includes forward-looking statements and cautions stakeholders about the potential for actual results to differ from these projections, highlighting the inherent uncertainties in future performance.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Reports Revenue Growth Amidst Leadership Changes
Oct 27, 2025

Adrad Holdings Limited reported a 9% increase in revenue for FY25, although profit growth was limited by macroeconomic factors such as inflation and higher expenses. Despite these challenges, the company maintained positive cash flow and declared a dividend. Recent leadership changes, including the appointment of Paul Proctor as CEO, aim to drive operational and financial performance, positioning the company for improved profit growth.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Limited Announces Quotation of New Securities
Oct 23, 2025

Adrad Holdings Limited has announced the quotation of 18,243 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 23, 2025. This move, part of an employee incentive scheme, is expected to enhance the company’s market presence and potentially improve liquidity for stakeholders, reflecting a strategic step in its operational and market positioning.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Limited Announces Cessation of Securities
Oct 15, 2025

Adrad Holdings Limited has announced the cessation of 403,268 securities due to the expiry of options or other convertible securities without exercise or conversion as of September 30, 2025. This development may impact the company’s capital structure and could have implications for its stakeholders, reflecting a routine adjustment in the management of its issued capital.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Schedules Crucial Annual General Meeting for 2025
Sep 26, 2025

Adrad Holdings Limited has announced its Annual General Meeting, which will take place on October 27, 2025, at their location in Beverley, South Australia. The meeting is crucial for shareholders as it will cover resolutions that require their assessment and decision-making. Shareholders are encouraged to participate either in person or by proxy, with detailed instructions provided for submitting votes in advance. This meeting is an important event for stakeholders to influence the company’s future direction.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Announces Director Departure
Sep 25, 2025

Adrad Holdings Limited has announced that Darryl Abotomey has ceased to be a director of the company as of September 22, 2025. This change in the board of directors may have implications for the company’s governance and strategic direction, although specific impacts on operations or stakeholders were not detailed in the release.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Announces Director Resignation
Sep 22, 2025

Adrad Holdings Limited announced the resignation of Mr. Darryl Abotomey from its Board of Directors. The company expressed gratitude for Mr. Abotomey’s contributions and wished him success in his future endeavors. This change in the board may influence the company’s strategic direction and could have implications for its stakeholders.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Announces Departure of Director Glenn Stuart Davis
Sep 15, 2025

Adrad Holdings Limited has announced that Glenn Stuart Davis has ceased to be a director as of September 9, 2025. This notice, required under listing rule 3.19A.3, indicates that Davis had no relevant interests in securities as a registered holder or otherwise, and there are no interests in contracts related to his directorship.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Announces Key Board Restructuring
Sep 9, 2025

Adrad Holdings Limited has announced significant changes in its board structure, with the resignation of Chairman Glenn Davis. Paul Proctor, who was appointed as Chief Executive Officer in July 2025, will now serve as Managing Director, and Donald McGurk will take over as Chairman. These changes are effective immediately and are expected to influence the company’s strategic direction and governance.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Reports FY25 Revenue Growth Amid Strategic Investments
Aug 18, 2025

Adrad Holdings Limited reported its full-year FY25 results, showcasing an 8.9% increase in sales revenue to $153.1 million, despite a challenging macroeconomic environment that impacted margins. The company emphasized strategic investments in manufacturing processes, distribution network expansion, and market presence growth, which have strengthened its operational foundations and positioned it for continued growth in FY26. The company also declared a final dividend of 2.08 cents per share, fully franked, reflecting its commitment to long-term value creation.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Limited Releases 2025 Corporate Governance Statement
Aug 18, 2025

Adrad Holdings Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting the company’s commitment to transparency and accountability in its management and oversight practices.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Reports Increased Sales Revenue and Dividends Despite Profit Dip
Aug 18, 2025

Adrad Holdings Limited reported a decrease in profit after tax to $5.65 million for the year ended June 30, 2025, compared to the previous year. Despite this, the company saw an 8.9% increase in sales revenue, reaching $153.1 million. The directors declared a fully franked final dividend of 2.08 cents per share, bringing the total FY25 dividend to 3.48 cents per share, an 18% increase over FY24. This dividend represents 50% of the net profit after tax for the year. The company’s financial performance indicates a strategic focus on rewarding shareholders despite a slight decline in profitability.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Adrad Holdings Appoints New CEO Amidst Growth Plans
Jul 28, 2025

Adrad Holdings Limited has announced the appointment of Paul Proctor as its new Chief Executive Officer, succeeding Kevin Boyle who has resigned. Proctor, with extensive leadership experience in the manufacturing sector, is expected to guide Adrad through its growth aspirations. The company anticipates its FY25 earnings to be comparable to FY24, indicating stable financial performance. The board expresses optimism about the company’s future under Proctor’s leadership.

The most recent analyst rating on (AU:AHL) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Adrad Holdings Limited stock, see the AU:AHL Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 28, 2025