Austal Ltd (ASX: ASB) $4.43
Australian $1.9bn shipbuilder Austal surged after emerging from a trading halt on Tuesday following two major announcements:
Austal (ASB)
ASB $4.26
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 4.26
- Change
- ▼ -0.05 (-1.16)
- Bid / Ask
- 4.26 - 4.27
- Volume
- 423,339
- Turnover
- 1,765,971
- Open
- 4.18
- Day Range
- 4.09 - 4.29
- VWAP
- 4.17
- Prev Close
- 4.31
- Last Trade
- 06/11 11:39am
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Industrials
- Shares Issued
- 423,058,479
- NTA/Share
- 2.76
- Last Dividend
- —
- Dividend Ex Date
- —
- Dividend Pay Date
- —
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 2,028.96
- EBITDA
- -55.05
- Profit
- -53.60
- Earnings Per Share (EPS)
- -0.13
- Dividend Per Share (DPS)
- —
- Yield %
- 0.00
- Market Cap
- 1,806.46
- Price to Earnings Ratio (P/E)
- -33.54
Estimates (AUD)
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
No consensus estimates are available for this company.
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- High
Morningstar Quantitative Rating as of 29 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 5.14 Fair value 6.88 One-star price 9.21
Morningstar Quantitative Rating as of 29 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 6.88
- Price / Fair Value
- 0.66
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 29 OCT 2026. The slider runs from the five-star price (5.14) to the one-star price (9.21).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 4.51 |
| Price - 12 month high | 8.82 |
| Price - 12 month low | 3.33 |
| Pricing date | 29 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 2.57 |
| Market capitalization | 1,907.99 |
| 12 Month High price date | 13 JAN 2026 |
| 12 Month Low price date | 20 JUL 2026 |
| Volume - avg. trading volume for the last 3 months | 2.49 |
| Price - 1 Day % Change | -0.22% |
| Price - 13 week price percent change | 26.69% |
| Price - 26 week price percent change | 5.62% |
| Price - 5 Day % Change | 7.38% |
| Price - 52 week price percent change | -38.47% |
| Price - YTD price percent change | -32.59% |
| Price % Change Month To Date | 6.12% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | -0.127 |
| EPS excluding extraordinary items - trailing 12 month | -0.127 |
| EPS Normalized - most recent fiscal year | -0.125 |
| Revenue/share - most recent fiscal year | 4.809 |
| Revenue/share - trailing 12 month | 4.809 |
| Book value per share - most recent fiscal year | 2.923 |
| Book value per share - most recent half-year | 2.923 |
| Book value (tangible) per share - most recent fiscal year | 2.762 |
| Book value (tangible) per share - most recent half-year | 2.762 |
| Cash per share - most recent fiscal year | 0.739 |
| Cash per share - most recent half-year | 0.739 |
| Cash Flow per share - most recent fiscal year | 0.148 |
| Cash Flow per share - trailing 12 month | 0.148 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.000 |
| EBITD per share - trailing 12 month | -0.130 |
| EPS Basic excluding extraordinary items - most recent fiscal year | -0.127 |
| EPS Basic excluding extraordinary items - trailing 12 month | -0.127 |
| EPS including extraordinary items - most recent fiscal year | -0.127 |
| EPS including extraordinary items - trailing 12 month | -0.127 |
| Free Cash Flow per share - trailing 12 month | -0.690 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | — |
| P/E Normalized, most recent fiscal year | — |
| Price to sales - most recent fiscal year | 0.94 |
| Price to Tangible Book - most fiscal year | 1.63 |
| Price to Free Cash Flow per Share - most recent fiscal year | — |
| Price to Cash Flow per share - trailing 12 month | 30.44 |
| Price to Book - most recent fiscal year | 1.54 |
| P/E excluding extraordinary items high, trailing 12 months | 37.60 |
| P/E excluding extraordinary items low, trailing 12 months | 14.43 |
| Net Debt, LFI | -98.78 |
| Net Debt, LFY | -17.20 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | — |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.00% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | -291.03 |
| LT debt/equity - most recent fiscal year | 22.99% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 23.89% |
| LT debt/equity - most recent half-year | 19.89% |
| Total debt/total equity - most recent half-year | 20.51% |
| Free Cash Flow - trailing 12 month | -291.03 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 2,028.96 |
| Revenue - trailing 12 month | 2,028.96 |
| EBITD - most recent fiscal year | -55.05 |
| EBITD - trailing 12 month | -55.05 |
| Earnings before taxes - most recent fiscal year | -132.56 |
| Earnings before taxes - trailing 12 month | -132.56 |
| Net Income available to common - most recent fiscal year | -53.60 |
| Net Income available to common - trailing 12 months | -53.60 |
| Earnings before taxes Normalized - most recent fiscal year | -131.60 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | -0.13 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | -2.64% |
| Net Profit Margin % - trailing 12 month | -2.64% |
| Operating margin - 1st historical fiscal year | -7.27% |
| Operating margin - trailing 12 month | -7.27% |
| Pretax margin - trailing 12 month | -6.53% |
| Pretax margin - 1st historical fiscal year | -6.53% |
| Operating Margin - 5 year average | 0.28% |
| Pretax Margin - 5 year average | 1.82% |
| Free Operating Cash Flow/Revenue, 5 Year Average | -2.91% |
| Free Operating Cash Flow/Revenue, TTM | -14.34% |
| Net Profit Margin - 5 year average | 1.60% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | -1.78% |
| Return on average assets - trailing 12 month | -1.78% |
| Return on average equity - most recent fiscal year | -4.15% |
| Return on average equity - trailing 12 month | -4.15% |
| Return on average assets - 5 year average | 1.84% |
| Return on average equity - 5 year average | 3.69% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 5.23% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | 2.05% |
| Growth rate% - Revenue, 3 year | 8.58% |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | 6.31% |
| Capital Spending growth rate, 5 year | 35.59% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, 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 |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Austal (ASX: ASB) $4.51
ASB +17.45%: The shipbuilder jumped today after South Korea’s Hanwha returned with a non-binding A$1.05–1.20bn offer for Austal’s US operations, with Austal granting four weeks of due diligence. Importantly, this is an asset-level proposal rather than a takeover of ASB, leaving the Australian, Philippines and Vietnam operations within the listed group. The US business is strategically valuable, with major US Navy and Coast Guard contracts and submarine-module exposure, although it is currently weighed down by legacy contracts and is expected to record a ~A$175m operating loss in FY26.
Shawn’s Trade Idea: Austal Ltd (ASX: ASB) $3.87
Last week the Australian Government committed a further $4.6 billion to expand the Osborne Naval Shipyard under AUKUS, taking total funding to more than $8.5 billion and strengthening Austal's long-term domestic naval shipbuilding pipeline. We like the risk/reward this announcement delivers for ASB after its sharp ~60% correction.
Austal (ASB) $5.61
ASB –11%: fell despite delivering a material earnings beat, as irregularities in accounting adjustments and weak cash conversion weighed on the stock.
Austal Ltd (ASB) $5.94
Shipbuilder ASB shares fell 11.5% on Wednesday, as Asian defence stocks followed global peers lower amid rising optimism over a potential ceasefire in the Ukraine–Russia war. With President Trump pushing hard to end this war, it’s hard not to feel the “Defence Trade” is in the rear view mirror
Austal (ASB) $2.60
ASB -2.26%: the shipbuilder announced a good set of numbers for their FY22 result today, though it failed to ignite the stock. EBITDA was in line with pre-guided numbers at $120.7m, up 5.3% on the back of the recently awarded OPC contract that could be worth up to $3.3b in revenue. It’s positive to see the new steel shipbuilding facility being put to...
Emerging Companies Portfolio
The portfolio was off -0.27% in the week against a weak market that fell -1.14%%. Cash remains at around 4% with no changes to the portfolio. Austal (ASB) was the star of the show adding ~30% following a good contract win while Praemium (PPS) +21% and Dubber (DUB) +18.7% bounced strongly. Tyro (TYR) -18.59% and Select Harvest (SHV) -10.44% were the biggest drags.
Austal (ASB) $2.25
ASB +25%: the shipbuilder rallied to a 9-month high today after winning a lucrative US Coast Guard Contract. Austal will build an offshore patrol vessel at their upgraded Alabama facility in what could become a $US3.3b contract if they can secure the remaining 10 ships expected from the order. While the contract is for FY23, Austal said they will now exceed previous guidance to hit at least...
Austal (ASB) $1.90
Shares in the shipbuilder fell during the week after it was announced it had been overlooked for a key Philippines Navy contract despite having a MoU in place on the deal. There are a number of other contract negotiations ongoing which we’re hopeful will end more favourably as Austal looks to replenish its order book. Yesterday, though, Twiggy Forest’s investment vehicle Tattarang announced it had acquired an 8%...
Action
Updated
13/08/2026
10:30
ASB
Updated 13/08/2026 10:30
MM remains bullish ASB ~$4.40
Updated
11/08/2026
17:07
ASB
Updated 11/08/2026 17:07
MM remains bullish ASB, currently long in Shawn’s Trade Ideas
Updated
27/07/2026
17:18
ASB
Updated 27/07/2026 17:18
Trade Idea: Buy Austal (ASB) using a limit of $3.90, with stops at $3.40, around 13% risk.
Updated
23/02/2026
17:37
ASB
Updated 23/02/2026 17:37
MM is still neutral toward ASB ~$5.50
Updated
18/12/2025
09:43
ASB
Updated 18/12/2025 09:43
MM is neutral towards ASB
Updated
08/12/2022
17:25
ASB
Updated 08/12/2022 17:25
MM are selling ASB in the Emerging Companies Portfolio, taking a loss around $2.14
Updated
26/08/2022
17:24
ASB
Updated 26/08/2022 17:24
MM remains bullish and long ASB in the Emerging Companies Portfolio
Updated
01/07/2022
17:19
ASB
Updated 01/07/2022 17:19
MM is bullish ASB and long in the Emerging Companies Portfolio
Updated
30/03/2022
17:25
ASB
Updated 30/03/2022 17:25
MM remains bullish and long ASB
Updated
23/03/2022
19:03
ASB
Updated 23/03/2022 19:03
MM is neutral ASB, holding it in the Emerging Companies Portfolio
Business Summary
Austal Ltd is engaged in designing, constructing, and supporting revolutionary defense and commercial vessels. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies. Its reportable segments are USA Shipbuilding; USA Support; Australasia Shipbuilding and Australasia Support. Maximum revenue is generated from its USA Shipbuilding segment which manufactures high performance defence vessels for U.S. Navy and Coast Guard. Geographically, the company derives a majority of its revenue from the United States of America and the rest from Australia, Europe, Asia, and South America.
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