Shape Australia Corporation Limited (AU:SHA)
ASX:SHA
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Shape Australia Corporation Limited
(Sydney:SHA)
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Rating:74Outperform
Price Target:
AU$7.50
▲(17.92% Upside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by solid financial performance (consistent growth, stable profitability, and strong cash generation) and attractive valuation (low P/E plus a healthy dividend). Technicals are supportive on trend but slightly tempered by mixed momentum signals.
Positive Factors
Consistent Revenue Growth
Sustained top-line growth indicates steady demand for Shape Australia's fit-out and construction services across sectors. Over 2-6 months this supports a stronger project pipeline, repeat client relationships and better utilization of fixed capacity, reducing per-project overhead and enabling scalable margin recovery.
Negative Factors
Historical High Leverage Risk
Previous periods of higher gearing mean the company remains exposed if market conditions deteriorate. In construction, cyclical revenue swings can amplify leverage strain, constraining capacity to fund working capital, increasing refinancing risk over several months and potentially forcing less favorable contract terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained top-line growth indicates steady demand for Shape Australia's fit-out and construction services across sectors. Over 2-6 months this supports a stronger project pipeline, repeat client relationships and better utilization of fixed capacity, reducing per-project overhead and enabling scalable margin recovery.
Read all positive factors
Shape Australia Corporation Limited (SHA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$541.85M
Dividend Yield3.68%
Average Volume (3M)331.52K
Price to Earnings (P/E)21.0
Beta (1Y)0.37
Revenue Growth14.40%
EPS Growth43.25%
CountryAU
Employees645
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.31
Shares Outstanding83,489,260
10 Day Avg. Volume92,708
30 Day Avg. Volume331,517
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)10.37
Price to Sales (P/S)0.40
P/FCF Ratio7.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.70Price Target Upside36.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.36
Revenue Forecast (FY)AU$1.19B
Shape Australia Corporation Limited Business Overview & Revenue Model
Company Description
Operating across Australia, SHAPE Australia Corporation Limited and its subsidiaries provide a range of services including new construction, interior fit-outs, and major refurbishments for commercial properties. The firm caters to a broad spectrum...
How the Company Makes Money
SHA primarily makes money by contracting to deliver building fit-out, refurbishment, and construction projects for clients, earning revenue from project delivery (typically priced as lump-sum contracts, negotiated contracts, or other construction ...
Shape Australia Corporation Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02B | 947.64M | 831.68M | 856.93M | 655.95M | 569.97M |
| Gross Profit | 926.09M | 947.64M | 75.54M | 24.59M | 52.33M | 26.47M |
| EBITDA | 32.09M | 28.03M | 28.22M | 21.86M | 15.47M | 21.88M |
| Net Income | 25.70M | 21.12M | 16.01M | 10.50M | 7.20M | 12.37M |
Balance Sheet | ||||||
| Total Assets | 345.57M | 275.07M | 251.14M | 259.32M | 217.14M | 185.22M |
| Cash, Cash Equivalents and Short-Term Investments | 136.44M | 128.34M | 98.58M | 90.55M | 82.03M | 114.98M |
| Total Debt | 62.29M | 24.12M | 25.39M | 31.45M | 31.40M | 5.43M |
| Total Liabilities | 303.84M | 238.37M | 219.86M | 233.38M | 196.85M | 161.59M |
| Stockholders Equity | 41.73M | 36.70M | 31.29M | 25.94M | 20.29M | 23.64M |
Cash Flow | ||||||
| Free Cash Flow | 50.17M | 51.22M | 28.49M | 21.46M | -25.31M | -785.00K |
| Operating Cash Flow | 53.57M | 53.17M | 30.00M | 23.56M | -20.59M | 446.00K |
| Investing Cash Flow | -23.46M | -11.50M | -30.31M | -2.31M | -13.58M | -1.28M |
| Financing Cash Flow | -8.28M | -21.79M | -20.36M | -12.72M | 1.06M | -17.17M |
Shape Australia Corporation Limited Technical Analysis
Negative
6.36
Price Trends
6.77
Negative
6.71
Negative
6.10
Positive
Market Momentum
-0.11
Positive
42.34
Neutral
20.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHA, the sentiment is Negative. The current price of 6.36 is below the 20-day moving average (MA) of 7.08, below the 50-day MA of 6.77, and above the 200-day MA of 6.10, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 20.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SHA.
Shape Australia Corporation Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$541.85M | 21.02 | 65.53% | 3.68% | 14.40% | 43.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | AU$25.23M | 11.46 | 21.63% | ― | -42.83% | -87.23% | |
56 Neutral | AU$44.39M | 8.56 | 17.89% | 0.49% | 3.21% | 82.98% | |
43 Neutral | AU$7.85M | -5.14 | -5.43% | ― | -25.24% | -46.91% |
* Industrials Sector Average
AU:SHA
Shape Australia Corporation Limited
6.49
3.03
87.63%
AU:BSA
BSA Limited
0.34
0.27
378.57%
AU:VBC
Verbrec Ltd
0.15
0.08
113.24%
AU:WSI
WestStar Industrial Ltd.
0.06
<0.01
1.67%
Shape Australia Corporation Limited Corporate Events
Shape Australia Expands with Acquisition of Australian Professional Shopfitters
May 27, 2026
Shape Australia Corporation Limited has announced the acquisition of Australian Professional Shopfitters, signalling an expansion of its capabilities in the shopfitting and commercial interiors market. The move is likely aimed at strengthening Sha...
Shape Australia Plans Placement of Up to 594,342 New Shares
May 27, 2026
Shape Australia Corporation Limited has notified the ASX of a proposed issue of up to 594,342 ordinary fully paid shares, to be undertaken via a placement or other form of equity issue. The company has applied for quotation of the new securities o...
Shape Australia Plans Placement of New Ordinary Shares
May 27, 2026
Shape Australia Corporation Limited has notified the ASX of a proposed issue of up to 396,228 ordinary fully paid shares, to be undertaken as a placement or other type of security issue. The new securities are scheduled for issue on 1 July 2026, s...
SHAPE boosts retail fitout capabilities with acquisition of Australian Professional Shopfitters
May 27, 2026
SHAPE Australia has agreed to acquire Australian Professional Shopfitters (APS), a vertically integrated retail shopfitting business with a 5,000 square metre manufacturing facility in Melbourne and more than 28 years of experience. APS specialise...
SHAPE Australia Showcases Operations at Morgans Emerging Leaders Conference
May 12, 2026
SHAPE Australia announced that it has provided a presentation for the Morgans Emerging Leaders Conference, highlighting its role as a listed participant in the event. The release underscores the company’s engagement with the investment commu...
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.