Austin Engineering (ANG) AI Stock Analysis

• Market Cap: $226.49M
• Dividend Yield: 3.84%
• Average Volume (3M): 1.42M
• Price to Earnings (P/E): 9.1
• Beta (1Y): 0.88
• Revenue Growth: 17.63%
• EPS Growth: 55.81%
• Country: AU
• Employees: 1,446
• Sector: Industrials
• Sector Strength: 90
• Industry: Agricultural - Machinery
• EPS (TTM): 0.02
• Shares Outstanding: 620,530,300
• 10 Day Avg. Volume: 893,950
• 30 Day Avg. Volume: 1,424,843
• PEG Ratio: -1.42
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.92
• 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: $0.72
• Price Target Upside: 100.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Outperform
• Price Target: AU$0.50 ▲(38.89%Upside)

The most significant factor contributing to the score is the company's strong financial performance, highlighted by robust revenue and profit growth, stable leverage, and strong cash generation capabilities. The valuation is favorable, with a low P/E ratio and a decent dividend yield. However, technical analysis signals a bearish trend, with the stock trading below major moving averages and indicators suggesting potential further downside, which tempers the overall score.

Austin Engineering Business Overview & Revenue Model

Company Description

Austin Engineering Limited, together with its subsidiaries, engages in the manufacture, repair, overhaul, and supply of mining attachment products, and other associated products and services for the industrial and resources-related business sectors. It offers loading and hauling solutions, including off-highway dump truck bodies, buckets, and water tanks for multi-commodity open-cut and underground operations, as well as tire handlers and other ancillary equipment. The company also provides on and off-site repair and maintenance, condition monitoring, engineering, product improvements, heavy equipment lifting and transport, specialized fabrication, blasting and painting, line boring and machining, and CNC profile cutting and pressing services. It serves miners, mining contractors, and original equipment manufacturers in the Asia Pacific, North America, and South America. Austin Engineering Limited was founded in 1982 and is headquartered in Kewdale, Australia.

How the Company Makes Money

Austin Engineering Limited (ANG) generates revenue primarily through the design, manufacture, and sale of customised mining equipment such as dump truck bodies, buckets, and ancillary products. The company serves a global client base in the mining industry, providing bespoke solutions that meet specific operational requirements of its customers. Key revenue streams include the sale of new equipment, aftermarket services, and product maintenance. Austin Engineering also benefits from strategic partnerships and collaborations with major mining companies, which contribute to stable and recurring income. The company's focus on innovation and quality ensures a competitive edge in the market, facilitating sustained financial performance.

Austin Engineering Financial Statement Overview

Summary

Austin Engineering Limited exhibits robust financial performance across all statements. The income statement reflects strong revenue and profit growth, the balance sheet indicates stable leverage and efficient equity use, while the cash flow statement underscores excellent cash generation capabilities. The company is well-positioned for future growth with solid financial health and operational efficiency.

Income Statement

Austin Engineering Limited shows a strong income statement with significant revenue growth of 21.26% from 2023 to 2024 and an improved net profit margin of 8.32%. Gross profit margin is healthy at 18.85%, showing efficient cost management. EBIT and EBITDA margins are at 12.40% and 15.24%, respectively, indicating robust operational profitability. The company has effectively turned its operations profitable compared to previous years.

Balance Sheet

The balance sheet is solid with a debt-to-equity ratio of 0.35, suggesting manageable leverage levels. Return on Equity (ROE) has improved to 20.01%, indicating efficient use of shareholders' equity. The equity ratio stands at 44.48%, reflecting a stable financial position with sufficient equity backing the assets. Overall, the company has maintained a healthy balance between debt and equity.

Cash Flow

Cash flow analysis reveals strong operational cash flow growth with a free cash flow increase of 530.46% from 2023 to 2024. The operating cash flow to net income ratio is 1.36, showing effective cash conversion from earnings. The free cash flow to net income ratio of 1.15 highlights positive cash generation relative to profit, supporting the company's financial flexibility.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
342.95M	313.24M	258.30M	202.93M	197.58M	215.22M
	Gross Profit
146.94M	190.50M	42.82M	39.99M	30.93M	30.41M
	EBIT
60.84M	38.85M	24.28M	25.45M	12.35M	12.26M
	EBITDA
41.29M	47.74M	20.30M	32.45M	12.72M	23.14M
	Net Income Common Stockholders
23.88M	26.08M	2.85M	16.81M	-540.00K	5.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.04M	40.19M	20.17M	20.78M	9.82M	19.24M
	Total Assets
169.29M	293.00M	260.87M	214.14M	177.35M	180.44M
	Total Debt
28.30M	46.02M	55.44M	36.26M	28.37M	21.87M
	Net Debt
15.26M	5.83M	35.28M	15.48M	18.55M	2.63M
	Total Liabilities
76.22M	162.66M	146.67M	106.82M	86.59M	81.90M
	Stockholders Equity
93.07M	130.34M	114.20M	107.32M	90.76M	98.54M
Cash Flow		Free Cash Flow
16.27M	30.01M	4.76M	548.00K	-14.27M	19.65M
	Operating Cash Flow
24.24M	35.50M	15.78M	4.74M	-8.33M	24.09M
	Investing Cash Flow
-15.15M	-8.37M	-20.93M	8.72M	-4.84M	3.02M
	Financing Cash Flow
-11.06M	-7.24M	5.36M	-2.66M	4.06M	-15.46M

Austin Engineering Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ANG, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.40, and below the 200-day MA of 0.48, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 45.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ANG.

Austin Engineering Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ANG	70 Outperform	$226.49M	9.08	19.99%	3.84%	17.63%	55.81%
Sector *	66 Neutral	$4.50B	12.29	5.40%	248.66%	4.13%	-12.33%
59Y		€178.59M	12.36	16.85%	6.37%	―	―
KOV	74 Outperform	AU$125.35M	13.26	18.13%	6.10%	-3.71%	-24.65%
SST		AU$455.51M	25.28	4.28%	1.78%	―	―
CLX	80 Outperform	AU$146.19M	9.19	12.68%	5.79%	6.34%	8.63%
MPW	41 Neutral	AU$153.27M	17.05		―	-22.59%	―

Austin Engineering Corporate Events

Thorney International Increases Stake in Austin Engineering

Thorney International Pty Ltd has increased its stake in Austin Engineering Limited, raising its voting power from 19.33% to 20.38%. This change in substantial holding reflects Thorney’s continued investment and confidence in Austin Engineering’s operations and market positioning, potentially impacting the company’s strategic decisions and stakeholder interests.

The most recent analyst rating on (AU:ANG) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.

Thorney Opportunities Increases Stake in Austin Engineering

Austin Engineering Limited, a company listed on the ASX, has experienced a change in the interests of its substantial holder, Thorney Opportunities Ltd. The substantial holder’s voting power increased from 19.33% to 20.38% due to a series of market transactions involving the purchase and sale of ordinary shares. This change in voting power could potentially impact Austin Engineering’s shareholder dynamics and influence future company decisions.

The most recent analyst rating on (AU:ANG) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.

Austin Engineering Appoints New Company Secretary

Austin Engineering Limited has announced the appointment of Sarah Wilson as the new Company Secretary, following the resignation of Katina Nadebaum. Ms. Wilson brings a decade of experience in corporate advisory and governance roles, and her appointment is expected to ensure seamless communication with the ASX regarding Listing Rule matters. The change in company secretary is not anticipated to have a market-sensitive impact, but it signifies a continuation of Austin’s commitment to maintaining strong corporate governance practices.

Austin Engineering Initiates CEO Transition with Strategic Leadership Changes

Austin Engineering has announced the commencement of a transition period for its new CEO and Managing Director, Sybrandt Van Dyk, who will officially take over on July 1, 2025, from the retiring David Singleton. During this transition, Van Dyk will step down from several committee roles, with Independent Non-Executive Director Chris Indermaur taking over as Chair of the Audit & Risk Committee. This leadership change is expected to influence Austin’s strategic direction and operational focus, potentially impacting its market positioning and stakeholder relations.

Austin Engineering Limited Issues New Securities on ASX

Austin Engineering Limited has announced the issuance of 385,178 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) as of April 9, 2025. This move is part of a dividend or distribution plan and is expected to impact the company’s market presence by potentially increasing liquidity and shareholder value.

Austin Engineering Updates Dividend Distribution Details

Austin Engineering Limited has announced an update regarding its dividend distribution, specifically advising on the Dividend Reinvestment Plan (DRP) price. This update pertains to a dividend related to the six-month period ending on December 31, 2024, with important dates including a record date of March 18, 2025, and an ex-date of March 17, 2025. The announcement reflects Austin Engineering’s ongoing commitment to shareholder returns and may impact investor perceptions and market positioning.

Austin Engineering Reports Change in Substantial Holding

Austin Engineering Limited has reported a change in the substantial holding of its voting securities. The Wilson Asset Management Group now holds a 10.23% voting power, up from 9.14%. This change in voting power may impact the company’s governance and decision-making processes, potentially influencing its strategic direction and stakeholder interests.

Austin Engineering to Showcase at Euroz Conference 2025

Austin Engineering Limited has announced its participation in the Euroz Conference in March 2025, highlighting its position as the top customized truck tray builder in the world. This participation underscores the company’s commitment to maintaining its leadership in the industry and could potentially enhance its visibility and influence among stakeholders and industry peers.