Accent Group Ltd (AU:AX1)
ASX:AX1
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Accent Group Ltd
(Sydney:AX1)
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Rating:61Neutral
Price Target:
AU$0.62
â–¼(-28.51% Downside)
Action:Reiterated
Date:05/05/26
The score is held back primarily by weak technicals (price below all major moving averages and negative momentum). Financial performance is mixed—stronger cash generation offsets margin pressure and elevated leverage. Valuation is a clear positive due to the low P/E and high dividend yield, partially counterbalancing the technical and leverage risks.
Positive Factors
Multi-channel distribution
Accent Group operates diversified sales channels—store network, e-commerce, wholesale and licensed brand arrangements—reducing reliance on any single channel. This structural mix supports more stable revenues, cross‑sell opportunities and strategic flexibility for inventory and margin management over months.
Negative Factors
High financial leverage
Significant leverage raises financial risk and increases sensitivity to sales volatility or higher interest rates. Elevated debt limits strategic flexibility, constrains capacity for opportunistic investment or large inventory builds, and could pressure margins if funding costs rise over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-channel distribution
Accent Group operates diversified sales channels—store network, e-commerce, wholesale and licensed brand arrangements—reducing reliance on any single channel. This structural mix supports more stable revenues, cross‑sell opportunities and strategic flexibility for inventory and margin management over months.
Read all positive factors
Accent Group Ltd (AX1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$354.58M
Dividend Yield7.33%
Average Volume (3M)1.81M
Price to Earnings (P/E)9.2
Beta (1Y)1.42
Revenue Growth2.05%
EPS Growth-43.61%
CountryAU
Employees8,700
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)0.07
Shares Outstanding601,185,670
10 Day Avg. Volume1,802,084
30 Day Avg. Volume1,811,510
Financial Highlights & Ratios
PEG Ratio-1.52
Price to Book (P/B)1.68
Price to Sales (P/S)0.54
P/FCF Ratio3.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.66Price Target Upside-24.33% Downside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$1.54B
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...
How the Company Makes Money
Accent Group primarily makes money by selling footwear (and related apparel/accessories where offered) through multiple channels. (1) Retail store sales: Revenue is generated via sales in its physical store network across Australia and New Zealand...
Accent Group Ltd Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
60
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.51B | 1.48B | 1.45B | 1.41B | 1.12B | 981.68M |
| Gross Profit | 289.18M | 818.70M | 819.23M | 330.50M | 233.40M | 231.05M |
| EBITDA | 287.56M | 278.94M | 264.62M | 285.95M | 207.12M | 240.93M |
| Net Income | 38.56M | 57.66M | 59.53M | 88.65M | 31.46M | 76.92M |
Balance Sheet | ||||||
| Total Assets | 1.42B | 1.25B | 1.15B | 1.15B | 1.22B | 1.11B |
| Cash, Cash Equivalents and Short-Term Investments | 104.64M | 39.56M | 28.05M | 29.72M | 49.73M | 34.08M |
| Total Debt | 937.90M | 535.66M | 542.20M | 558.28M | 600.33M | 484.95M |
| Total Liabilities | 924.76M | 777.91M | 729.14M | 713.32M | 775.61M | 683.20M |
| Stockholders Equity | 495.93M | 475.09M | 418.81M | 441.21M | 440.23M | 428.98M |
Cash Flow | ||||||
| Free Cash Flow | 202.12M | 204.14M | 214.23M | 222.22M | 94.45M | 127.74M |
| Operating Cash Flow | 227.62M | 247.12M | 246.05M | 256.59M | 140.35M | 159.41M |
| Investing Cash Flow | -81.28M | -73.35M | -34.03M | -40.46M | -48.60M | -44.67M |
| Financing Cash Flow | -83.77M | -160.98M | -213.71M | -235.41M | -76.04M | -135.81M |
Accent Group Ltd Technical Analysis
Positive
0.87
Price Trends
0.62
Negative
0.77
Negative
0.96
Negative
Market Momentum
-0.01
Negative
50.63
Neutral
37.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AX1, the sentiment is Positive. The current price of 0.87 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.62, and below the 200-day MA of 0.96, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.63 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AX1.
Accent Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$2.26B | 25.77 | 94.10% | 2.57% | 14.24% | 3.58% | |
65 Neutral | AU$2.56B | 13.04 | 15.13% | 7.20% | 4.75% | -13.42% | |
63 Neutral | AU$2.06B | 6.39 | 31.92% | 3.56% | -30.67% | -24.10% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$354.58M | 9.20 | 7.94% | 7.33% | 2.05% | -43.61% | |
58 Neutral | AU$491.01M | 14.33 | 22.34% | 4.70% | 14.44% | 61.48% | |
42 Neutral | AU$414.66M | -2.06 | -22.14% | 6.38% | 30.31% | -737.99% |
* Consumer Cyclical Sector Average
AU:AX1
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Accent Group Ltd Corporate Events
Accent Group director boosts indirect shareholding via trustee purchase
May 21, 2026
Accent Group has disclosed a change in the interests of director Matthew Durbin, who holds both direct performance rights and indirect shareholdings in the company through trustee structures. The notice details the acquisition by Musician Pty Ltd,...
Accent Group maps 2030 growth push to $1.9bn in sales and 950 stores
May 12, 2026
Accent Group Limited has unveiled a 2030 Strategic Growth Plan that targets at least $1.9 billion in sales, a 9% or higher EBIT margin and an expanded network of around 950 stores by 2030. Built around the pillars of Efficiency, Evolution and Expa...
Accent Group Sets May Investor and Analyst Strategy Day
Apr 14, 2026
Accent Group Limited has announced it will host an Investor and Analyst Strategy Day on 13 May 2026 at its Melbourne head office in Cremorne, Victoria. The event, which includes a morning strategy session and an optional field trip to Fountain Gat...
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.