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Accent Group Ltd (AU:AX1)
ASX:AX1
Australian Market
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Accent Group Ltd (AX1) AI Stock Analysis

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AU:AX1

Accent Group Ltd

(Sydney:AX1)

Rating:59Neutral
Price Target:
AU$1.50
▲(10.29% 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 (AX1) vs. iShares MSCI Australia ETF (EWA)

Accent Group Ltd Business Overview & Revenue Model

Company DescriptionAccent 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 MoneyAccent 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
65
Positive
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
60
Neutral
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
70
Positive
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.47B1.48B1.45B1.41B1.12B981.68M
Gross Profit558.80M818.70M819.23M330.50M233.40M231.05M
EBITDA289.85M278.94M281.41M299.65M207.12M240.93M
Net Income57.66M57.66M59.53M88.65M31.46M76.92M
Balance Sheet
Total Assets1.25B1.25B1.15B1.15B1.22B1.11B
Cash, Cash Equivalents and Short-Term Investments39.56M39.56M28.05M29.72M49.73M34.08M
Total Debt535.66M535.66M542.20M558.28M600.33M484.95M
Total Liabilities777.91M777.91M729.14M713.32M775.61M683.20M
Stockholders Equity475.09M475.09M418.81M441.21M440.23M428.98M
Cash Flow
Free Cash Flow215.50M204.14M214.23M222.22M94.45M127.74M
Operating Cash Flow247.12M247.12M246.05M256.59M140.35M159.41M
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 Price1.36
Price Trends
50DMA
1.46
Negative
100DMA
1.60
Negative
200DMA
1.83
Negative
Market Momentum
MACD
-0.04
Positive
RSI
41.22
Neutral
STOCH
6.24
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 1.36 is below the 20-day moving average (MA) of 1.46, below the 50-day MA of 1.46, and below the 200-day MA of 1.83, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 41.22 is Neutral, neither overbought nor oversold. The STOCH value of 6.24 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
AU$96.38M7.6124.28%13.20%2.76%1.93%
72
Outperform
AU$657.50M28.2315.62%4.49%15.51%-32.98%
61
Neutral
$17.99B12.87-3.58%2.97%1.27%-14.28%
59
Neutral
AU$805.32M13.2412.90%5.13%1.58%-4.71%
€246.06M15.5211.70%
47
Neutral
AU$40.95M-24.80%2.35%95.03%
$6.43M
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AX1
Accent Group Ltd
1.36
-0.81
-37.33%
DE:1FQ
Adairs Ltd.
1.40
0.38
37.25%
AU:UNI
Universal Store Holdings Ltd.
8.57
2.15
33.49%
AU:STP
Step One Clothing Limited
0.52
-1.08
-67.50%
AU:CCX
City Chic Collective Limited
0.10
-0.03
-23.08%
AU:MOZ
Mosaic Brands Limited
0.04
0.00
0.00%

Accent Group Ltd Corporate Events

Accent Group to Announce Full-Year Financial Results on 22 August 2025
Jul 24, 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
Jun 20, 2025

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
Jun 12, 2025

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
Jun 2, 2025

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
May 26, 2025

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
May 12, 2025

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
May 12, 2025

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
May 12, 2025

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
May 12, 2025

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.

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: Sep 04, 2025