Accent Group Ltd (AX1) AI Stock Analysis

• Market Cap: AU$799.31M
• Dividend Yield: 5.26%
• Average Volume (3M): 2.56M
• Price to Earnings (P/E): 13.1
• Beta (1Y): 1.12
• Revenue Growth: 1.58%
• EPS Growth: -4.71%
• Country: AU
• Employees: 8,700
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 0.02
• Shares Outstanding: 601,185,670
• 10 Day Avg. Volume: 2,172,461
• 30 Day Avg. Volume: 2,562,048
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: AU$1.68
• Price Target Upside: 26.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 59 Neutral
• Price Target: AU$1.50 ▲(12.78% Upside)

The overall stock score of 59 reflects a mixed outlook for Accent Group Ltd. The most significant factor is the stable financial performance, although there are concerns about high leverage and inconsistent revenue growth. Technical analysis indicates bearish momentum, which negatively impacts the score. Valuation is a positive aspect, with a moderate P/E ratio and attractive dividend yield. The absence of earnings call and corporate events data means these factors do not influence the score.

Accent Group Ltd Business Overview & Revenue Model

Company Description

Accent Group Limited engages in the retail, distribution, and franchise of lifestyle footwear, and apparel and accessories in Australia and New Zealand. The company's brands and banners include The Athlete's Foot, Platypus Shoes, Hype DC, Skechers, Merrell, CAT, Vans, Dr. Martens, Saucony, Timberland, Hoka One One, Superga, Kappa, Palladium, Supra, Subtype, The Trybe, Stylerunner, Glue Store and Autry. It also operates 760 stores and 36 websites across 26 various retail banners, as well as holds exclusive distribution rights for 18 international brands. The company was formerly known as RCG Corporation Limited and changed its name to Accent Group Limited in November 2017. Accent Group Limited was founded in 1981 and is based in Richmond, Australia.

How the Company Makes Money

Accent Group Ltd generates revenue through multiple streams, primarily by selling footwear and apparel through its extensive network of retail stores and online channels. The company benefits from its partnerships and distribution rights with numerous international brands, allowing it to offer a wide variety of products. Accent Group also operates a growing online presence, which has become a significant contributor to its earnings. Additionally, the company earns revenue through franchising, where it provides rights and support to independent retailers to operate under its brand names. This multi-channel approach, along with its robust brand portfolio, supports Accent Group's financial performance and growth.

Accent Group Ltd Financial Statement Overview

Summary

Accent Group Ltd demonstrates a stable financial position with some areas of concern. The income statement shows pressure on margins and inconsistent revenue growth. The balance sheet highlights high leverage, which could pose risks if not managed carefully. However, the cash flow statement reflects strong cash generation capabilities, which is a positive sign for the company's liquidity and operational efficiency.

Income Statement

Accent Group Ltd has shown a mixed performance in its income statement. The gross profit margin has been relatively stable, but there has been a decline in net profit margin over the years. Revenue growth has been inconsistent, with a notable decline in the most recent year. The EBIT and EBITDA margins have also seen a slight decline, indicating pressure on operating efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, which indicates significant leverage and potential financial risk. However, the return on equity has been relatively strong, suggesting effective use of equity to generate profits. The equity ratio is moderate, reflecting a balanced approach to financing assets.

Cash Flow

Cash flow analysis shows a strong free cash flow growth in recent years, although there was a decline in the most recent year. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to net income. The free cash flow to net income ratio is also strong, suggesting efficient cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.47B	1.48B	1.45B	1.41B	1.12B	981.68M
Gross Profit	558.80M	818.70M	819.23M	330.50M	233.40M	231.05M
EBITDA	289.85M	278.94M	281.41M	299.65M	207.12M	240.93M
Net Income	57.66M	57.66M	59.53M	88.65M	31.46M	76.92M
Balance Sheet
Total Assets	1.25B	1.25B	1.15B	1.15B	1.22B	1.11B
Cash, Cash Equivalents and Short-Term Investments	39.56M	39.56M	28.05M	29.72M	49.73M	34.08M
Total Debt	535.66M	535.66M	542.20M	558.28M	600.33M	484.95M
Total Liabilities	777.91M	777.91M	729.14M	713.32M	775.61M	683.20M
Stockholders Equity	475.09M	475.09M	418.81M	441.21M	440.23M	428.98M
Cash Flow
Free Cash Flow	215.50M	204.14M	214.23M	222.22M	94.45M	127.74M
Operating Cash Flow	247.12M	247.12M	246.05M	256.59M	140.35M	159.41M
Investing Cash Flow	-73.35M	-73.35M	-34.03M	-40.46M	-48.60M	-44.67M
Financing Cash Flow	-160.98M	-160.98M	-213.71M	-235.41M	-76.04M	-135.81M

Accent Group Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.33
• 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:AX1, the sentiment is Negative. The current price of 1.33 is below the 20-day moving average (MA) of 1.35, below the 50-day MA of 1.43, and below the 200-day MA of 1.76, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 41.17 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AX1.

Accent Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STP	79 Outperform	99.16M	7.83	―	12.71%	2.76%	1.93%
UNI	72 Outperform	664.40M	28.52	―	4.45%	15.51%	-32.98%
ADH	68 Neutral	452.46M	17.52	11.41%	4.10%	3.99%	-18.35%
AX1	59 Neutral	AU$799.31M	13.14	12.90%	5.26%	1.58%	-4.71%
CCX	47 Neutral	35.10M	-6.21	―	―	2.35%	95.03%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Accent Group Ltd Corporate Events

Accent Group to Announce Full-Year Financial Results on 22 August 2025

Accent Group Limited has announced that it will release its financial results for the full year ending 29 June 2025 on 22 August 2025. The announcement includes an investor briefing call scheduled for the same day, indicating the company’s commitment to transparency and stakeholder engagement. This release is likely to impact the company’s market positioning by providing insights into its financial health and operational strategies.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Announces Director’s Interest Change

Accent Group Limited has announced a change in the director’s interest notice involving Lawrence Myers. The company reported an increase in indirect interest holdings, with the acquisition of 1,060,000 ordinary shares through various entities associated with Mr. Myers, including Bodyelectric Pty Limited and S.R.S. (Holdings) Pty Ltd. This change reflects strategic positioning and potential confidence in the company’s future prospects.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Faces Challenging Market Conditions in FY25

Accent Group Limited has reported challenging trading conditions in the second half of the fiscal year 2025, with low growth in the lifestyle footwear market affecting both retail and wholesale sales. The company is experiencing pressure on gross margins due to a competitive promotional environment and a focus on managing inventory levels. Like-for-like sales have decreased by 1.0% over 23 weeks, and gross margins have fallen by 80 basis points compared to the previous year. Despite these challenges, the company expects its full-year EBIT to be between $108.0 million and $111.0 million.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Updates Director’s Interest Notice with Corrections

Accent Group Limited announced a change in the director’s interest notice, specifically regarding Daniel Agostinelli’s holdings. The notice corrects previous inaccuracies in the disclosure of Agostinelli’s direct and indirect interests in Accent securities. The corrections do not impact his overall relevant interest in the company. Additionally, 2Como Pty Ltd, as trustee for the 2Como Trust, disposed of a total of 800,712 fully paid ordinary shares across two tranches on 27 and 28 May 2025.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Announces Chairman Transition

Accent Group Limited announced the retirement of its long-serving Chairman, Mr. David Gordon, who will step down at the conclusion of the Annual General Meeting in November 2025. Mr. Gordon, who has been with the company for over 18 years, played a crucial role in its growth and the acquisition of Sports Direct rights in Australia and New Zealand. He will be succeeded by Mr. Lawrence Myers, ensuring a smooth transition in leadership.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Completes Strategic Partnership with Frasers Group

Accent Group Limited has completed a strategic transaction with Frasers Group to launch and operate the Sports Direct business in Australia and New Zealand. This partnership involves Accent issuing new shares to Frasers and using the proceeds to fund the rollout of Sports Direct stores, with plans for at least 50 stores over the next six years, potentially expanding to over 100 locations. This move is expected to enhance Accent’s market presence and operational capabilities in the ANZ region.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group’s Voting Power Shift with Frasers Group

Accent Group Limited has experienced a significant change in its voting power due to an increase in shares held by Frasers Group plc. This change, resulting from a share issue and on-market purchases, has increased Frasers’ voting power in Accent from 14.57% to 19.90%, potentially impacting the company’s governance and stakeholder dynamics.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Expands Capital with New Share Issuance

Accent Group Limited has issued 35,186,695 fully paid ordinary shares to Frasers Group plc at $1.718 per share, following a subscription agreement announced in April 2025. This strategic move is expected to strengthen Accent Group’s capital base, potentially enhancing its market position and operational capabilities.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.

Accent Group Ltd Announces Quotation of New Securities on ASX

Accent Group Ltd has announced the quotation of 35,186,695 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code AX1, effective from May 13, 2025. This move is part of previously announced transactions, potentially impacting the company’s market liquidity and investor interest, as it expands its financial activities on the ASX.

The most recent analyst rating on (AU:AX1) stock is a Buy with a A$2.20 price target. To see the full list of analyst forecasts on Accent Group Ltd stock, see the AU:AX1 Stock Forecast page.