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Austal
(OTC:ASB)
Austal (ASB) vs. S&P 500 (SPY)
Austal Business Overview & Revenue Model
Austal Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.58B | 1.47B | 1.59B | 1.43B | 1.57B | 2.09B | Gross Profit |
| 177.33M | 172.51M | 99.10M | 230.28M | 222.56M | 239.29M | EBIT |
| -20.06M | -23.20M | -26.60M | 109.27M | 107.73M | 115.52M | EBITDA |
| 37.64M | 127.64M | 56.76M | 153.96M | 153.44M | 161.26M | Net Income Common Stockholders |
| 27.96M | 14.88M | -13.77M | 79.56M | 81.06M | 88.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 78.42M | 173.51M | 179.20M | 240.11M | 346.90M | 396.67M | Total Assets |
| 838.99M | 2.09B | 1.93B | 1.69B | 1.45B | 1.43B | Total Debt |
| 0.00 | 281.06M | 240.46M | 234.12M | 204.60M | 175.26M | Net Debt |
| -78.42M | 107.55M | 61.26M | -5.99M | -142.30M | -221.41M | Total Liabilities |
| 479.26M | 1.09B | 885.12M | 675.97M | 615.78M | 631.87M | Stockholders Equity |
| 359.60M | 1.00B | 948.82M | 924.28M | 774.04M | 748.74M |
| Cash Flow | Free Cash Flow | ||||
| 114.57M | -82.96M | -41.91M | -127.42M | 30.18M | 146.11M | Operating Cash Flow |
| 191.67M | -13.05M | 86.71M | 37.50M | 107.33M | 164.47M | Investing Cash Flow |
| 11.95M | -12.70M | -102.78M | -127.51M | -85.05M | -18.18M | Financing Cash Flow |
| -8.49M | 19.52M | -38.06M | -38.33M | -46.31M | -27.24M |
Austal Technical Analysis
Austal Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $201.56B | 11.50 | 26.20% | 5.16% | -2.47% | 57.01% | |
69 Neutral | $43.92B | 576.13 | 0.68% | 4.78% | -6.59% | -66.98% | |
64 Neutral | $4.42B | 11.99 | 5.16% | 249.23% | 4.02% | -11.68% | |
62 Neutral | AU$2.12B | 65.37 | 2.82% | ― | 3.23% | 402.60% |
Austal Corporate Events
Austal Limited has received a notice from HAA No.1 Pty Ltd, related to the Australian Takeovers Panel Guidance Note 20 on equity derivatives. This announcement, approved by Austal’s CEO, highlights the company’s ongoing regulatory compliance and its strategic positioning in the global shipbuilding industry.
Austal Limited has successfully completed its Share Purchase Plan (SPP), raising over A$31 million, surpassing the target of A$20 million. The plan allowed eligible shareholders to purchase new shares at A$3.80 each, the same price as a prior institutional placement. Due to the high demand, applications over A$10,000 will be scaled back to meet the A$20 million cap. The new shares are set to begin trading on the ASX on April 9, 2025. This successful capital raising reflects strong shareholder support and positions Austal to continue its strategic initiatives in the shipbuilding industry.
Austal Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of March 19, 2025. This change in substantial holding could impact Austal Limited’s shareholder structure and influence within the market, potentially affecting its strategic decisions and stakeholder relations.
Austal Limited has announced a significant change in its shareholder structure with the emergence of a new substantial holder. This development involves various financial institutions and investment management firms gaining substantial voting power in the company. The announcement may impact Austal’s strategic decisions and influence its market positioning, given the involvement of prominent global financial entities.
Austal Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of March 17, 2025. This change in substantial holding may impact the company’s shareholder dynamics and influence the voting power within Austal Limited, potentially affecting future corporate decisions and strategies.
Citigroup Global Markets Australia Pty Limited has become a substantial shareholder in Austal Limited, holding a 6.5022% voting power as of March 17, 2025. This development indicates a significant investment by Citigroup, potentially impacting Austal’s market positioning and signaling confidence in the company’s future prospects.
Austal Limited announced a change in the director’s interest, with John Rothwell disposing of 13,160,000 ordinary shares valued at $50,008,000. This transaction, conducted as a block trade through special crossings, is part of Austro Pty Ltd’s non-underwritten sell-down. The shares are subject to a six-month disposal restriction from March 17, 2025, indicating a strategic financial maneuver that may impact the company’s market positioning and stakeholder interests.
Austal Limited has announced that Austro Pty. Ltd. has ceased to be a substantial holder in the company as of March 14, 2025. This change reflects a shift in the company’s shareholder structure, which could impact its voting dynamics and influence within the industry. The cessation of Austro Pty. Ltd.’s substantial holding may have implications for stakeholders, as it could affect future decision-making processes and strategic directions for Austal Limited.
Austal Limited has announced a significant change in its shareholder structure, with a substantial holder acquiring a notable voting power in the company. This development indicates a potential shift in the company’s governance and could impact its strategic direction, affecting stakeholders and possibly influencing market perceptions.
Austal Limited has announced a non-underwritten share purchase plan (SPP) aimed at raising up to A$20 million, following a successful A$200 million institutional placement. The SPP is open to eligible shareholders in Australia and New Zealand, allowing them to purchase new shares at A$3.80 each. This initiative is part of Austal’s strategy to strengthen its financial position and support future growth opportunities, potentially impacting its market positioning and stakeholder interests.
Hanwha, through its subsidiary HAA No.1 Pty Ltd, has acquired a 9.9% stake in Austal Limited, a company known for its shipbuilding and defense contracting services. This acquisition was made through purchase trades from various sellers. Additionally, Hanwha has an economic interest in Austal via a cash-settled total return swap and an equity collar transaction, both referencing 9.9% of Austal’s ordinary shares. These financial instruments do not grant Hanwha any rights to physical shares or other rights in Austal.
Austal Limited has issued 52,631,579 new fully paid ordinary shares at A$3.80 each to sophisticated and professional investors as part of an institutional placement. This move, announced on March 11, 2025, is accompanied by a non-underwritten share purchase plan, aiming to strengthen the company’s financial position and support its operations. The issuance was conducted without the need for disclosure under the Corporations Act, indicating compliance with relevant legal provisions. This strategic financial maneuver is expected to bolster Austal’s market positioning and operational capabilities in the competitive shipbuilding industry.
Austal Limited has announced the application for the quotation of 52,631,579 ordinary fully paid securities on the Australian Securities Exchange, with the issue date set for March 17, 2025. This move is part of previously announced transactions and could potentially impact the company’s financial structure and market positioning by increasing its capital base.
Austal Limited has successfully completed a $200 million institutional placement to expand its US shipbuilding capabilities, specifically for large steel vessels, which will enhance its ability to deliver on contracts with the US Navy and Coast Guard. The placement received strong support from existing and new investors, including its largest shareholder, Tattarang. Additionally, Austro Pty Ltd, associated with Austal’s former Chairman John Rothwell, sold a portion of its shares, while Austal plans to offer a Share Purchase Plan to eligible shareholders in Australia and New Zealand.
Austal Limited has announced a proposed issue of securities, involving a total of 57,894,736 ordinary fully paid shares. This includes 5,263,157 shares under a securities purchase plan and 52,631,579 shares through a placement. The initiative is part of Austal’s strategy to raise capital, potentially impacting its financial position and market operations.
Austal Limited has announced a proposed placement of new fully paid ordinary shares to raise approximately A$200 million, alongside a share purchase plan to raise an additional A$20 million. This capital raising initiative is aimed at strengthening the company’s financial position and supporting its strategic growth plans. Additionally, Austro Pty Ltd, associated with John Rothwell, plans a non-underwritten sell down of approximately A$50 million contingent on the placement’s full subscription. These financial maneuvers are likely to impact Austal’s market positioning and provide opportunities for eligible institutional investors and shareholders.
Austal Limited has announced a $200 million institutional placement to fund the expansion of its Mobile, Alabama shipyard, a critical site for the US Navy. This expansion, part of the FA2 infrastructure project, will enhance Austal’s capability to deliver large steel vessels, positioning the company for growth with a record order book of A$14.2 billion. The project, supported by both equity raising and new debt facilities, is expected to be operational by FY26 and completed by FY27, ensuring Austal’s strong market positioning and financial flexibility.
Austal Limited has requested a trading halt on its securities pending an announcement regarding an equity raising. This halt is expected to remain until either the announcement of the completion of the institutional component of the equity raising or the resumption of normal trading on March 13, 2025. This move indicates Austal’s strategic financial maneuvering to potentially bolster its capital, which could have significant implications for its operational capabilities and market positioning.
Austal Limited announced that Sarah Adam-Gedge has ceased to be a director as of February 28, 2025. The final director’s interest notice reveals that Adam-Gedge held 108,802 securities, consisting of 20,000 shares purchased on the market and 88,802 ordinary shares issued upon the conversion of all share rights upon her cessation of employment. This change in directorship may impact the company’s governance and strategic direction.
Austal Limited has released its half-year financial report for the period ending December 31, 2024. The report includes various financial statements such as the profit and loss, financial position, and cash flows. Austal’s financial performance during this period provides insights into its operational efficiency and financial health, which are crucial for stakeholders and investors to gauge the company’s market positioning and future prospects.
Austal Limited reported a significant financial performance for the half-year ended 31 December 2024, with a 15% increase in revenue to $825.7 million and a substantial 109% rise in net profit to $25.1 million. Despite strong financial results, no interim or final dividends were declared for the period, indicating an emphasis on reinvestment or other strategic priorities.
Austal Limited announced a conference call scheduled for February 21, 2025, to discuss its FY2025 H1 financial results. The call, led by CEO Paddy Gregg and CFO Christian Johnstone, will include a presentation of the company’s financial accounts for the six months ended December 31, 2024. Stakeholders will have an opportunity to engage in a Q&A session after the briefing. This announcement highlights Austal’s commitment to transparency and may impact stakeholders by providing insights into the company’s financial health and operational strategies.