Adrad Holdings Limited (AU:AHL)
ASX:AHL
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Adrad Holdings Limited
(Sydney:AHL)
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Rating:66Neutral
Price Target:
AU$1.00
▲(1.01% Upside)
Action:ReiteratedDate:02/20/26
The score is driven primarily by solid overall financial quality (improving gross margin and a strengthened balance sheet), tempered by weaker net/operating profitability and only moderate cash-flow conversion. Technicals are supportive but not strong due to mixed momentum (slightly negative MACD). Valuation adds support with a moderate P/E and a meaningful dividend yield.
Positive Factors
Improving Gross Margin
A materially higher gross margin (52.34%) indicates durable improvements in cost structure or pricing power. Sustained elevated gross margins provide lasting operating leverage, helping the company absorb SG&A and support reinvestment, dividends or buffer downturns.
Negative Factors
Weak Net Profit Margin
A low and falling net margin (3.69%) indicates that improved gross margins are not translating into bottom-line profitability. Persistent expense pressure or lower operating efficiency can constrain retained earnings and the firm's ability to build long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Gross Margin
A materially higher gross margin (52.34%) indicates durable improvements in cost structure or pricing power. Sustained elevated gross margins provide lasting operating leverage, helping the company absorb SG&A and support reinvestment, dividends or buffer downturns.
Read all positive factors
Adrad Holdings Limited (AHL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$89.45M
Dividend Yield3.41%
Average Volume (3M)81.43K
Price to Earnings (P/E)8.0
Beta (1Y)0.50
Revenue Growth7.16%
EPS Growth3.94%
CountryAU
Employees500
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.03
Shares Outstanding81,321,360
10 Day Avg. Volume19,602
30 Day Avg. Volume81,433
Financial Highlights & Ratios
PEG Ratio-1.68
Price to Book (P/B)0.41
Price to Sales (P/S)0.34
P/FCF Ratio5.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.38Price Target Upside38.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)AU$163.30M
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 i...
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, allowi...
Adrad Holdings Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 152.57M | 153.20M | 143.27M | 141.13M | 122.83M | 87.09M |
| Gross Profit | 29.11M | 80.19M | 27.84M | 26.01M | 25.23M | 19.48M |
| EBITDA | 16.24M | 15.63M | 16.50M | 18.31M | 18.34M | 15.49M |
| Net Income | 6.00M | 5.65M | 5.97M | 5.61M | 6.77M | 12.86M |
Balance Sheet | ||||||
| Total Assets | 191.50M | 189.22M | 190.56M | 189.59M | 169.41M | 107.65M |
| Cash, Cash Equivalents and Short-Term Investments | 18.63M | 18.97M | 15.84M | 13.93M | 3.48M | 4.84M |
| Total Debt | 79.78M | 41.35M | 47.98M | 48.89M | 75.26M | 19.77M |
| Total Liabilities | 64.07M | 62.97M | 69.79M | 72.70M | 97.38M | 43.36M |
| Stockholders Equity | 127.43M | 126.25M | 120.77M | 116.89M | 72.03M | 62.34M |
Cash Flow | ||||||
| Free Cash Flow | 5.80M | 9.78M | 9.27M | 2.74M | 3.88M | 8.52M |
| Operating Cash Flow | 10.19M | 13.95M | 14.70M | 6.76M | 8.06M | 11.69M |
| Investing Cash Flow | -3.41M | -4.07M | -5.24M | -3.86M | -20.61M | -3.18M |
| Financing Cash Flow | -7.24M | -7.50M | -7.55M | 7.56M | 11.18M | -7.40M |
Adrad Holdings Limited Technical Analysis
Positive
0.99
Price Trends
1.01
Positive
0.99
Positive
0.84
Positive
Market Momentum
0.03
Negative
64.58
Neutral
53.85
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 0.99 is below the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.01, and above the 200-day MA of 0.84, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.58 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$65.80M | 3.33 | 19.72% | 1.18% | 2.05% | 259.95% | |
68 Neutral | AU$65.81M | 8.31 | 9.67% | 1.92% | 3.55% | 4.14% | |
66 Neutral | AU$89.45M | 7.98 | 4.73% | 3.41% | 7.16% | 3.94% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | AU$16.35M | 3.85 | 13.83% | ― | -6.52% | -20.79% | |
47 Neutral | AU$14.85M | -4.31 | -36.07% | ― | 4.84% | -12.12% | |
40 Underperform | AU$76.82M | -20.20 | -14.26% | ― | ― | -40.28% |
* Industrials Sector Average
AU:AHL
Adrad Holdings Limited
1.10
0.53
92.98%
AU:BOL
Boom Logistics Ltd
1.68
0.26
18.48%
AU:SSH
SSH Group Ltd.
0.15
<0.01
3.45%
AU:AVA
Ava Risk Group Ltd.
0.05
-0.04
-46.32%
AU:LIS
Li-S Energy Ltd
0.12
<0.01
9.09%
AU:LBL
Laserbond Limited
0.56
0.19
50.82%
Adrad Holdings Limited Corporate Events
Adrad Ties CEO and Chair Bonuses to Market Value Growth in One-Off Incentive Plan
Feb 20, 2026
Adrad Holdings has revamped its executive pay structure, introducing a performance-based cash incentive for Managing Director and CEO Paul Proctor that is directly tied to the company’s market value growth. The scheme runs from September 202...
Adrad Director Gary Washington Increases Indirect Shareholding
Jan 6, 2026
Adrad Holdings Limited has disclosed a change in the equity interests of director Gary Washington, who holds his stake indirectly via the Gary Washington Family Trust and a superannuation account. The filing shows that Washington acquired an addit...
Adrad Director Gary Washington Increases Indirect Shareholding
Dec 22, 2025
Adrad Holdings Limited has disclosed a change in the indirect shareholding of director Gary Washington, who holds interests through the Gary Washington Family Trust and a superannuation account shared with Karen Washington. The filing shows that o...
Adrad Holdings Updates Director’s Shareholding
Dec 2, 2025
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 t...
Adrad Holdings Director Increases Shareholding
Nov 26, 2025
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,...
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.