Accent Group Ltd (AU:AX1)
ASX:AX1
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Accent Group Ltd
(Sydney:AX1)
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Rating:65Neutral
Price Target:
AU$0.83
▼(-4.25% Downside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by attractive valuation (low P/E and high dividend yield) balanced against moderate financial performance (cash flow strength offset by margin pressure and high leverage) and weak technicals (below major moving averages with negative MACD and low RSI/Stoch).
Positive Factors
Strong cash generation
Sustained free cash flow growth and a healthy operating cash flow to net income ratio provide durable funding for dividends, debt servicing and reinvestment into store and e‑commerce channels. Even with a recent dip, strong cash generation improves resilience through retail cycles and supports strategic flexibility over months.
Negative Factors
High leverage on balance sheet
Significant debt increases interest and refinancing risk, limiting financial flexibility for expansion, inventory investment, or marketing. In a cyclical retail environment this leverage raises vulnerability to demand shocks and cost rises, constraining management's ability to respond over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained free cash flow growth and a healthy operating cash flow to net income ratio provide durable funding for dividends, debt servicing and reinvestment into store and e‑commerce channels. Even with a recent dip, strong cash generation improves resilience through retail cycles and supports strategic flexibility over months.
Read all positive factors
Accent Group Ltd (AX1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$453.74M
Dividend Yield7.33%
Average Volume (3M)1.81M
Price to Earnings (P/E)5.1
Beta (1Y)1.61
Revenue Growth1.58%
EPS Growth-4.71%
CountryAU
Employees8,700
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)0.05
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$1.13Price Target Upside30.34% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.07
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 through (1) retail sales and (2) wholesale/distribution. Retail revenue is generated by selling footwear (and related apparel/accessories where offered) directly to consumers through its network of branded physic...
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
Negative
0.87
Price Trends
0.89
Negative
0.94
Negative
1.14
Negative
Market Momentum
-0.05
Positive
37.44
Neutral
14.82
Positive
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 0.87 is above the 20-day moving average (MA) of 0.86, below the 50-day MA of 0.89, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 37.44 is Neutral, neither overbought nor oversold. The STOCH value of 14.82 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$39.85M | -1.83 | -8.79% | 20.30% | 2.76% | 1.93% | |
65 Neutral | AU$453.74M | 5.06 | 7.94% | 7.33% | 1.58% | -4.71% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$237.63M | 6.10 | 8.37% | 5.85% | 3.99% | -18.35% | |
58 Neutral | AU$596.12M | 5.43 | 22.34% | 4.70% | 15.51% | -32.98% | |
46 Neutral | AU$33.12M | -3.00 | -16.89% | ― | 2.35% | 95.03% |
* Consumer Cyclical Sector Average
AU:AX1
Accent Group Ltd
0.76
-0.93
-55.33%
AU:ADH
Adairs Ltd.
1.34
-0.65
-32.80%
AU:UNI
Universal Store Holdings Ltd.
7.77
0.72
10.15%
AU:STP
Step One Clothing Limited
0.22
-0.56
-72.19%
AU:CCX
City Chic Collective Limited
0.09
-0.03
-28.33%
Accent Group Ltd Corporate Events
Resource Stocks Drive March 2026 S&P/ASX Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of the SP/ASX indices, prompting a series of constituent changes across the SP/ASX 20, 50, 100, 200 and 300 benchmarks effective before trading on 23 March 2026. The reshuffle e...
Accent Group Outlines Interim FY2026 Results and Trading Update
Feb 25, 2026
Accent Group Ltd has released its half year FY2026 results presentation for the period ended 28 December 2025, outlining sales, profit and a summary of financial performance. The materials flag operational highlights, an operational update, and de...
Accent Group Elevates Finance Chief Matthew Durbin to Board
Feb 24, 2026
Accent Group Limited has appointed Matthew Durbin to its Board as an Executive Director, effective 25 February 2026, with his title changing from Group Chief Financial and Operations Officer to Finance Director. Durbin, a qualified FCPA accountant...
Accent Group lifts sales, reshapes portfolio and backs growth plans in H1 FY26
Feb 24, 2026
Accent Group reported half-year FY26 earnings before interest and tax of $56.5 million and net profit after tax of $28.1 million on total sales of $865.2 million, with owned sales up 5.7% and like-for-like retail growth of 0.9%. Management highlig...
Accent Group Declares Interim Dividend of AUD 0.0325 per Share
Feb 24, 2026
Accent Group Ltd has declared a fully paid ordinary dividend of AUD 0.0325 per share for the six-month period ended 28 December 2025, continuing its pattern of semi-annual shareholder returns. The dividend will trade ex on 3 March 2026, with a rec...
Accent Group Lifts Revenue but Half-Year Profit Slides Over 40%
Feb 24, 2026
Accent Group Limited reported a 5.3% increase in revenue from ordinary activities to $816.99 million for the half year ended 28 December 2025, but profit after tax fell 40.5% to $28.09 million, indicating margin or cost pressures despite top-line ...
Accent Group Sets Date for FY26 Half-Year Results and Investor Briefing
Feb 2, 2026
Accent Group Limited has advised the market that it will release its financial results for the half-year ended 28 December 2025 on Wednesday, 25 February 2026. The company has scheduled a FY26 half-year investor briefing call on the same day at 10...
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.