Adrad Holdings Limited (AHL) AI Stock Analysis

• Market Cap: AU$75.63M
• Dividend Yield: 3.35%
• Average Volume (3M): 81.43K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 0.55
• Revenue Growth: 7.16%
• EPS Growth: 3.94%
• Country: AU
• Employees: 500
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.04
• Shares Outstanding: 81,321,360
• 10 Day Avg. Volume: 19,602
• 30 Day Avg. Volume: 81,433
• PEG Ratio: -1.68
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.34
• P/FCF Ratio: 5.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: AU$1.00 ▲(0.00% Upside)

Adrad Holdings Limited has a solid financial foundation with consistent revenue growth and a strong balance sheet. The stock's valuation is attractive, supported by a reasonable P/E ratio and a good dividend yield. However, technical indicators suggest the stock may be overbought, posing a risk of short-term price correction. The absence of recent earnings call insights or notable corporate events means these factors do not influence the current assessment.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market presence and demand for AHL's products, supporting long-term business expansion.

Balance Sheet Health

Improved debt-to-equity ratio enhances financial stability, providing AHL with more flexibility for future investments and growth.

Cash Generation

Increased free cash flow strengthens AHL's ability to fund operations, invest in growth opportunities, and manage debt effectively.

Negative Factors

Net Profit Margin Decline

A declining net profit margin may impact AHL's profitability, indicating potential challenges in cost management or pricing power.

Operational Profitability

Decreasing EBIT and EBITDA margins suggest challenges in maintaining operational efficiency, potentially affecting long-term profitability.

Cash Flow Conversion

Inefficient cash flow conversion could limit AHL's ability to reinvest in the business or reduce debt, impacting future growth.

Adrad Holdings Limited Business Overview & Revenue Model

Company Description

Adrad Holdings Limited (AHL) is an Australian company specializing in the design, manufacture, and distribution of a comprehensive range of automotive heat exchange products, including radiators, intercoolers, and condensers. Operating primarily in the automotive aftermarket sector, AHL serves both domestic and international markets, providing high-quality solutions for vehicle cooling systems. The company also engages in the supply of custom-engineered products for various industrial applications, further diversifying its portfolio.

How the Company Makes Money

AHL 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 demonstrates a solid financial position with consistent revenue growth and improved gross profit margins. The balance sheet reflects reduced leverage and a strong equity base, enhancing financial stability. However, the decline in net profit margin and operational profitability, along with the need for better cash flow conversion, are areas that require attention to ensure sustainable growth and profitability.

Income Statement

Adrad Holdings Limited has shown consistent revenue growth over the years, with a 3.89% increase in the latest year. The gross profit margin improved significantly to 52.34%, indicating better cost management. However, the net profit margin decreased slightly to 3.69%, suggesting increased expenses or lower operational efficiency. The EBIT and EBITDA margins also saw a decline, which could be a concern for operational profitability.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.33, reflecting a stronger balance sheet with reduced leverage. Return on equity is at 4.48%, indicating moderate profitability for shareholders. The equity ratio stands at 66.72%, showcasing a solid equity base relative to total assets, which enhances financial stability.

Cash Flow

Adrad Holdings Limited experienced an 18.53% growth in free cash flow, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.56, suggesting that cash flow from operations is sufficient to cover net income. However, the free cash flow to net income ratio of 0.70 indicates that a significant portion of net income is not translating into free cash flow, which could impact future investments or debt repayments.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	153.18M	153.20M	143.27M	141.13M	122.83M	87.09M
Gross Profit	54.92M	80.19M	27.84M	26.01M	25.23M	19.48M
EBITDA	17.08M	15.63M	16.50M	18.31M	18.34M	15.49M
Net Income	6.22M	5.65M	5.97M	5.61M	6.77M	12.86M
Balance Sheet
Total Assets	189.22M	189.22M	190.56M	189.59M	169.41M	107.65M
Cash, Cash Equivalents and Short-Term Investments	18.97M	18.97M	15.84M	13.93M	3.48M	4.84M
Total Debt	41.35M	41.35M	47.98M	48.89M	75.26M	19.77M
Total Liabilities	62.97M	62.97M	69.79M	72.70M	97.38M	43.36M
Stockholders Equity	126.25M	126.25M	120.77M	116.89M	72.03M	62.34M
Cash Flow
Free Cash Flow	9.78M	9.78M	9.27M	2.74M	3.88M	8.52M
Operating Cash Flow	13.95M	13.95M	14.70M	6.76M	8.06M	11.69M
Investing Cash Flow	-4.07M	-4.07M	-5.24M	-3.86M	-20.61M	-3.18M
Financing Cash Flow	-7.50M	-7.50M	-7.55M	7.56M	11.18M	-7.40M

Adrad Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 1 is above the 20-day moving average (MA) of 0.97, above the 50-day MA of 0.88, and above the 200-day MA of 0.71, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 59.19 is Neutral, neither overbought nor oversold. The STOCH value of 35.32 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOL	71 Outperform	€58.22M	2.59	19.72%	1.22%	2.05%	259.95%
LBL	68 Neutral	AU$63.18M	16.36	9.67%	1.94%	3.55%	4.14%
AHL	64 Neutral	AU$75.63M	13.36	5.04%	3.35%	7.16%	3.94%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SSH	57 Neutral	AU$15.19M	20.63	6.19%	―	-6.52%	-20.79%
AVA	48 Neutral	AU$20.94M	-3.24	-25.77%	―	4.84%	-12.12%
LIS	40 Underperform	AU$96.03M	-14.85	-16.49%	―	―	-40.28%

Adrad Holdings Limited Corporate Events

Adrad Holdings Updates Director’s Shareholding

Adrad Holdings Limited has announced a change in the director’s interest notice for Gary Washington. The update reveals that Mr. Washington, through indirect interests, acquired an additional 24,689 fully paid ordinary shares, bringing his total to 88,699 shares. This transaction, valued at $23,482.41, was executed through an on-market purchase. The change in shareholding reflects a strategic move that could influence the company’s governance and potentially impact shareholder confidence.

Adrad Holdings Director Increases Shareholding

Adrad Holdings Limited has announced a change in the director’s interest notice, specifically involving Gary Washington. The change reflects an acquisition of 64,010 fully paid ordinary shares by Mr. Washington through an on-market purchase, valued at $58,509.19. This adjustment in shareholding indicates a potential increase in Mr. Washington’s investment in the company, which could signal confidence in the company’s future performance.

Adrad Holdings Addresses Director’s Interest Notice Delay

Adrad Holdings Limited announced a change in the director’s interest notice for Mr. Paul Proctor, related to on-market transactions of the company’s ordinary shares. The delay in lodging the notice was due to an internal administrative oversight, and the company has committed to improving its internal processes to ensure timely future notifications, reflecting its adherence to ASX Listing Rules and its commitment to transparency.

Adrad Holdings Secures Strong Shareholder Support at 2025 AGM

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.

Adrad Holdings Limited Issues Informational Presentation with Caution on Forward-Looking Statements

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.

Adrad Holdings Reports Revenue Growth Amidst Leadership Changes

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.

Adrad Holdings Limited Announces Quotation of New Securities

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.

Adrad Holdings Limited Announces Cessation of Securities

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.

Adrad Holdings Schedules Crucial Annual General Meeting for 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.

Adrad Holdings Announces Director Departure

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.

Adrad Holdings Announces Director Resignation

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.

Adrad Holdings Announces Departure of Director Glenn Stuart Davis

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.

Adrad Holdings Announces Key Board Restructuring

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.