Ansell (ASX: ANN) $38.24
ANN +9.57%: Posted a strong FY26 result, beating expectations on both revenue and earnings while demonstrating that pricing actions have successfully offset tariff and geopolitical pressures.
20 minute delayed
Join Market Matters and get full access to all our Opinion + Action
Fairly valued
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 41.29 Fair value 45.54 One-star price 50.23
Morningstar Quantitative Rating as of 12 NOV 2026.
Morningstar Quantitative Rating as of 12 NOV 2026. The slider runs from the five-star price (41.29) to the one-star price (50.23).
| Ratios |
|---|
| Currency (Price/reporting): AUD/USD |
| Exchange Rate: 1.4738 |
| Price - closing or last bid | 46.31 |
| Price - 12 month high | 47.19 |
| Price - 12 month low | 25.05 |
| Pricing date | 12 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.65 |
| Market capitalization | 6,516.81 |
| 12 Month High price date | 12 NOV 2026 |
| 12 Month Low price date | 18 MAY 2026 |
| Volume - avg. trading volume for the last 3 months | 0.65 |
| Price - 1 Day % Change | -1.36% |
| Price - 13 week price percent change | 33.88% |
| Price - 26 week price percent change | 80.97% |
| Price - 5 Day % Change | 1.74% |
| Price - 52 week price percent change | 26.63% |
| Price - YTD price percent change | 32.28% |
| Price % Change Month To Date | 2.57% |
| EPS excluding extraordinary items - most recent fiscal year | 1.451 |
| EPS excluding extraordinary items - trailing 12 month | 1.451 |
| EPS Normalized - most recent fiscal year | 1.477 |
| Revenue/share - most recent fiscal year | 14.887 |
| Revenue/share - trailing 12 month | 14.887 |
| Book value per share - most recent fiscal year | 14.284 |
| Book value per share - most recent half-year | 14.284 |
| Book value (tangible) per share - most recent fiscal year | 2.636 |
| Book value (tangible) per share - most recent half-year | 2.636 |
| Cash per share - most recent fiscal year | 1.765 |
| Cash per share - most recent half-year | 1.765 |
| Cash Flow per share - most recent fiscal year | 2.380 |
| Cash Flow per share - trailing 12 month | 2.380 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.956 |
| EBITD per share - trailing 12 month | 2.784 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 1.460 |
| EPS Basic excluding extraordinary items - trailing 12 month | 1.460 |
| EPS including extraordinary items - most recent fiscal year | 1.460 |
| EPS including extraordinary items - trailing 12 month | 1.460 |
| Free Cash Flow per share - trailing 12 month | 2.039 |
| P/E excluding extraordinary items, most recent fiscal year | 21.62 |
| P/E Normalized, most recent fiscal year | 21.24 |
| Price to sales - most recent fiscal year | 2.11 |
| Price to Tangible Book - most fiscal year | 13.20 |
| Price to Free Cash Flow per Share - most recent fiscal year | 15.39 |
| Price to Cash Flow per share - trailing 12 month | 13.18 |
| Price to Book - most recent fiscal year | 2.23 |
| P/E excluding extraordinary items high, trailing 12 months | 34.90 |
| P/E excluding extraordinary items low, trailing 12 months | 17.36 |
| Net Debt, LFI | 583.00 |
| Net Debt, LFY | 510.60 |
| Dividend Yield - 5 Year Average | 2.55% |
| Dividend Yield - indicated annual dividend divided by closing price | 2.06% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 2.06% |
| Free Cash Flow - most recent fiscal year | 293.10 |
| LT debt/equity - most recent fiscal year | 33.84% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 37.42% |
| LT debt/equity - most recent half-year | 37.53% |
| Total debt/total equity - most recent half-year | 41.63% |
| Free Cash Flow - trailing 12 month | 293.10 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 2,140.20 |
| Revenue - trailing 12 month | 2,140.20 |
| EBITD - most recent fiscal year | 400.20 |
| EBITD - trailing 12 month | 400.20 |
| Earnings before taxes - most recent fiscal year | 279.60 |
| Earnings before taxes - trailing 12 month | 279.60 |
| Net Income available to common - most recent fiscal year | 208.60 |
| Net Income available to common - trailing 12 months | 208.60 |
| Earnings before taxes Normalized - most recent fiscal year | 298.90 |
| Net Income Available to Common, Normalized - most recent fiscal year | 212.30 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 1.48 |
| Net Profit Margin % - 1st historical fiscal year | 9.79% |
| Net Profit Margin % - trailing 12 month | 9.79% |
| Operating margin - 1st historical fiscal year | 14.98% |
| Operating margin - trailing 12 month | 14.98% |
| Pretax margin - trailing 12 month | 13.06% |
| Pretax margin - 1st historical fiscal year | 13.06% |
| Operating Margin - 5 year average | 11.36% |
| Pretax Margin - 5 year average | 9.82% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 8.20% |
| Free Operating Cash Flow/Revenue, TTM | 13.70% |
| Net Profit Margin - 5 year average | 7.40% |
| Return on average assets - most recent fiscal year | 6.33% |
| Return on average assets - trailing 12 month | 6.33% |
| Return on average equity - most recent fiscal year | 10.61% |
| Return on average equity - trailing 12 month | 10.61% |
| Return on average assets - 5 year average | 5.04% |
| Return on average equity - 5 year average | 8.44% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 1.09% |
| EPS growth rate, 5 year | -5.21% |
| Growth rate% - dividend, 3 year | 0.82% |
| Revenue/share (5 yr growth) | -0.90% |
| Growth rate% - Revenue, 3 year | 8.95% |
| Growth rate% - EPS, 3 year | 7.53% |
| Book value per share growth rate, 5 year | 3.24% |
| Capital Spending growth rate, 5 year | -9.94% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | -0.09% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financials (USD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
ANN +9.57%: Posted a strong FY26 result, beating expectations on both revenue and earnings while demonstrating that pricing actions have successfully offset tariff and geopolitical pressures.
Personal protective equipment (PPE) provider ANN has rallied strongly from its May low driven by a combination of improving sentiment, confidence in the company’s resilient earnings outlook and ongoing share buybacks. With around 45% of FY25 revenue generated in the US, the business remains well leveraged to its largest market. Pleasingly, the US division performed in line with expectations in 1H26, successfully passing through tariff-related cost increases, despite some softness in tariff-exposed end markets.
Personal protective equipment (PPE) provider ANN has rallied strongly from its May low driven by a combination of improving sentiment, confidence in the company's resilient earnings outlook and ongoing share buybacks, which have helped support the stock after a tough 12 months. With Earnings Per Share (EPS) set to lift by ~20% from FY25 to FY27 the recent downside re-rating feels unjustified, although the stock is now only trading ~10% below its long-term valuation.
Personal protective equipment (PPE) business ANN popped +4.5% through yesterday's session, its best gain in 7 weeks, helped by an upgrade from Jefferies, although the stock is still flat year-to-date as it struggled for direction.
Safety and protection company ANN is no stranger to bad results having delivered a few in its time. Its movements over the last 6 months haven’t been good and its “bounce” fairly muted but combined with its history and more than 40% revenue from the US, we see this as a risk. The stock made a new high in February after the personal protective equipment (PPE) provider delivered strong 1H revenue and upgraded its FY25 earnings guidance.
ANN +8.13% moved to a 3 year high as the personal protective equipment (PPE) provider delivered strong 1H revenue and upgraded its FY25 earnings guidance.
ANN’s shares jumped +8.9% on Tuesday after the medical glovemaker forecast EPS for the full year of $1.07-$1.27, ahead of consensus on in-line revenue but lower operating costs.
ANN delivered a relatively benign report earlier this week, a big win compared to the past few years! While de-stocking dynamics continue to remain an issue, it has been interesting to see ANN recover this week after delivering revenue, EBIT and EPS all below consensus
ANN was the best performer of the major healthcare names yesterday, and although the +2.8% rise wasn’t vaguely as dramatic as the crash by NAN, it was another example of an underperformer over recent years attracting some buying. The company downgraded mid-last year, compounding similar moves in 2022 and until they start delivering buying feels like “bottom picking” for the sake of it.
When you’re cold you’re cold and that’s definitely been the case for both Ansell (ANN) and the Healthcare Sector in 2023 e.g. the Healthcare Index is -5.2% year-to-date compared to the Tech Sector which is up over 30%!
MM is positive toward ANN
MM is bullish towards ANN around $32
MM is bullish towards ANN around $30
MM is neutral towards ANN
MM is neutral towards ANN around $31
MM is cautiously bullish ANN
MM is cautiously bullish towards ANN
MM is neutral to cautiously bullish towards ANN
MM is neutral to cautiously bullish towards ANN
MM is neutral to cautiously bullish ANN below $25
Ansell is a leading supplier of protective gloves and other wearable PPE for use in healthcare and industrial settings, each contributing about 50% of revenue. Industrial contributes slightly higher EBIT owing to higher margins. The company holds more than 500 patents, and most sales come from its key branded product ranges. Products are sold in about 100 countries, mostly via distributors. Approximately half of revenue is from North America, and about one-third is from Europe, the Middle East, and Asia. Latin America and Asia-Pacific each contribute about 10%.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
JOIN NOWSomething went wrong. Please try again in a moment.