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Austin Engineering Limited (AU:ANG)
ASX:ANG

Austin Engineering (ANG) AI Stock Analysis

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AU

Austin Engineering

(Sydney:ANG)

Rating:74Outperform
Price Target:
AU$0.50
▲(47.06%Upside)
The overall stock score of 74 reflects Austin Engineering Limited's strong financial performance, underscored by robust revenue growth and cash flow. Valuation metrics suggest the stock is attractively priced, while technical analysis presents a mixed picture with neutral momentum indicators. The absence of recent earnings call and corporate events data limits further insights.

Austin Engineering (ANG) vs. iShares MSCI Australia ETF (EWA)

Austin Engineering Business Overview & Revenue Model

Company DescriptionAustin 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 MoneyAustin 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 with strong revenue and profit growth, a stable leverage position, and excellent cash generation capabilities. The company shows a healthy income statement, solid balance sheet management, and effective cash flow conversion, positioning it well for future growth.
Income Statement
85
Very Positive
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
78
Positive
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
88
Very Positive
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.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue342.95M313.24M258.30M202.93M197.58M215.22M
Gross Profit146.94M190.50M42.82M39.99M30.93M30.41M
EBITDA41.29M47.74M20.30M32.45M12.72M23.14M
Net Income23.88M26.08M2.85M16.81M-540.00K5.18M
Balance Sheet
Total Assets322.35M293.00M260.87M214.14M177.35M180.44M
Cash, Cash Equivalents and Short-Term Investments20.19M40.19M20.17M20.78M9.82M19.24M
Total Debt48.91M46.02M55.44M36.26M28.37M21.87M
Total Liabilities181.48M162.66M146.67M106.82M86.59M81.90M
Stockholders Equity140.87M130.34M114.20M107.32M90.76M98.54M
Cash Flow
Free Cash Flow16.27M30.01M4.76M548.00K-14.27M19.65M
Operating Cash Flow24.24M35.50M15.78M4.74M-8.33M24.09M
Investing Cash Flow-15.15M-8.37M-20.93M8.72M-4.84M3.02M
Financing Cash Flow-11.06M-7.24M5.36M-2.66M4.06M-15.46M

Austin Engineering Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.34
Price Trends
50DMA
0.37
Negative
100DMA
0.40
Negative
200DMA
0.46
Negative
Market Momentum
MACD
-0.01
Negative
RSI
49.44
Neutral
STOCH
76.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ANG, the sentiment is Neutral. The current price of 0.34 is above the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.37, and below the 200-day MA of 0.46, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.44 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ANG.

Austin Engineering Peers Comparison

Overall Rating
UnderperformOutperform
Sector (71)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUANG
74
Outperform
$214.08M8.5819.99%3.48%17.63%55.81%
71
Outperform
¥253.62B13.008.49%3.09%6.31%12.77%
DE59Y
€173.36M12.0416.85%8.81%
AUKOV
74
Outperform
AU$131.00M13.8618.13%4.49%-3.71%-24.65%
AUSST
AU$455.51M25.284.28%1.42%
AUCLX
72
Outperform
AU$144.98M9.1112.68%5.55%6.34%8.63%
AUMPW
41
Neutral
AU$204.83M22.79
-22.59%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ANG
Austin Engineering
0.35
-0.25
-41.62%
DE:59Y
Acrow Formwork and Construction Services Limited
0.55
-0.06
-9.84%
AU:KOV
Korvest Ltd.
11.14
2.55
29.69%
AU:SST
Steamships Trading Co. Ltd.
14.69
0.47
3.31%
AU:CLX
CTI Logistics Limited
1.80
0.52
40.63%
AU:MPW
K-TIG Ltd
1.47
-3.24
-68.79%

Austin Engineering Corporate Events

Austin Engineering Appoints New Director to Strengthen Leadership
Jul 1, 2025

Austin Engineering Limited has announced the appointment of Ian Stone as a director effective July 1, 2025. This appointment is part of the company’s strategic efforts to strengthen its leadership team, although Ian Stone currently holds no securities or interests in the company. The announcement indicates a focus on enhancing governance and potentially expanding the company’s influence in the engineering sector.

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 CEO and Board Member
Jul 1, 2025

Austin Engineering has announced the appointment of Sybrandt Van Dyk as its new CEO and Managing Director, succeeding David Singleton who will remain on the board as a Non-Executive Director. Van Dyk, with extensive leadership experience, aims to enhance business integration and expand global market share in mining equipment. The company also appointed Ian Stone as a Non-Executive Director, bringing significant expertise in governance and risk management to the board.

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 Delivers First Locally Manufactured Cat 7495 Dipper Bucket in Chile
Jun 23, 2025

Austin Engineering’s South American unit has successfully manufactured and delivered its first Cat 7495 dipper bucket to a customer in Chile, marking a significant milestone for the company. This achievement follows Austin’s strategic acquisition of Mainetec in 2022, which has allowed the company to expand its bucket offerings internationally. The delivery of the dipper bucket is expected to enhance Austin’s position in the growing South American mining market, particularly in sectors like copper and lithium, positioning the company as a key partner in the region’s mining industry.

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 Expands Growth in Mining Buckets Sector
Jun 17, 2025

Austin Engineering, a prominent player in the mining equipment industry, is advancing its growth strategy by focusing on the mining buckets sector, which promises performance improvements similar to its truck bodies. With a strong recurring revenue stream and a notable return on equity, the company is well-positioned to strengthen its market presence and deliver high returns on investment to its customers.

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 Updates FY25 Financial Guidance Amid Strategic Shifts
Jun 10, 2025

Austin Engineering has updated its financial guidance for FY25, projecting an increase in revenue to approximately $370 million, an 18% rise from FY24, driven by strong performance in the Americas, particularly in the USA and Chile. However, the underlying EBIT forecast has been adjusted to around $41 million due to challenges in fulfilling a major contract in Chile, which has led to a strategic shift in production to its Batam facility. This move is expected to improve project margins over time. The company remains optimistic about its growth potential, supported by a robust order book exceeding $200 million and ongoing investments in global capacity expansion.

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 International Increases Stake in Austin Engineering
May 22, 2025

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
May 22, 2025

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
May 7, 2025

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
May 1, 2025

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
Apr 9, 2025

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.

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: Jul 04, 2025