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Adrad Holdings Limited
(Sydney:AHL)
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Rating:67Neutral
Price Target:
AU$1.50
▲(51.52% Upside)
Action:Reiterated
Date:06/11/26
The score is driven primarily by solid but not exceptional financial performance: improved gross margin and a stronger balance sheet offset by weaker operating margins and only moderate cash-flow conversion. Technicals are supportive with a clear uptrend, though momentum indicators look stretched. Valuation is broadly fair with a moderate P/E and a modest dividend yield.
Positive Factors
Improved Gross Margin
A sustained gross margin at 52.34% indicates durable pricing power or better cost control in production and materials. This higher gross margin provides a structural cushion to absorb SG&A or cyclical cost pressures and supports long-term profitability even if top-line growth is moderate.
Negative Factors
Declining Operating Margins
Falling EBIT/EBITDA margins point to weakening operating efficiency or rising operating costs that have not been fully offset by gross margin gains. If structural, this reduces operating leverage and the firm's ability to convert revenue growth into sustainable operating earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Gross Margin
A sustained gross margin at 52.34% indicates durable pricing power or better cost control in production and materials. This higher gross margin provides a structural cushion to absorb SG&A or cyclical cost pressures and supports long-term profitability even if top-line growth is moderate.
Read all positive factors
Adrad Holdings Limited (AHL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$112.22M
Dividend Yield3.41%
Average Volume (3M)81.43K
Price to Earnings (P/E)18.0
Beta (1Y)0.64
Revenue Growth3.62%
EPS Growth4.53%
CountryAU
Employees500
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.07
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$1.48Price Target Upside48.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)AU$173.00M
Adrad Holdings Limited Business Overview & Revenue Model
Company Description
Adrad Holdings Limited specializes in creating and producing thermal management systems for diverse industrial sectors throughout Australia and New Zealand. The company's offerings encompass heat exchangers designed for both mobile and stationary ...
How the Company Makes Money
null...
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
Neutral
0.99
Price Trends
1.35
Negative
1.24
Positive
1.08
Positive
Market Momentum
-0.02
Positive
46.31
Neutral
44.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AHL, the sentiment is Neutral. The current price of 0.99 is below the 20-day moving average (MA) of 1.40, below the 50-day MA of 1.35, and below the 200-day MA of 1.08, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.31 is Neutral, neither overbought nor oversold. The STOCH value of 44.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | AU$201.49M | 13.82 | 23.91% | 4.48% | 25.84% | 53.30% | |
69 Neutral | AU$601.51M | 24.89 | 29.27% | 2.25% | 1.59% | 2.81% | |
68 Neutral | AU$64.03M | 12.68 | 12.00% | 1.92% | 9.98% | 70.40% | |
67 Neutral | AU$112.22M | 18.02 | 4.73% | 3.41% | 3.62% | 4.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | AU$90.35M | 5.42 | 12.51% | 7.14% | 10.91% | -28.61% | |
44 Neutral | AU$89.31M | -7.01 | -50.97% | ― | -36.31% | -245.99% |
* Industrials Sector Average
AU:AHL
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Adrad Holdings Limited Corporate Events
Adrad Director Gary Washington Increases Indirect Shareholding via On-Market Purchase
Apr 8, 2026
Adrad Holdings director Gary Washington has increased his indirect holding in the company through an on-market purchase of 33,581 fully paid ordinary shares valued at $35,427.96. The additional shares were acquired via a superannuation account joi...
Adrad Issues 541,267 Unquoted Performance Rights Under Employee Incentive Plan
Apr 7, 2026
Adrad Holdings Limited has notified the market of the issue of 541,267 unquoted LTI Performance Rights under its employee incentive scheme, with the securities subject to transfer restrictions and not quoted on the ASX. The move underscores the co...
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.