Emerging Companies Portfolio – Amendments
We are making several changes to the Emerging Companies Portfolio.
Austin Engineering Ltd (ANG)
ANG $0.18
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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)
- 0.18
- Change
- ▲ 0.01 (2.86)
- Bid / Ask
- 0.17 - 0.18
- Volume
- 608,424
- Turnover
- 104,891
- Open
- 0.18
- Day Range
- 0.17 - 0.18
- VWAP
- 0.17
- Prev Close
- 0.18
- Last Trade
- 04/11 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Industrials
- Shares Issued
- 623,110,874
- NTA/Share
- 0.17
- Last Dividend
- 0.00
- Dividend Ex Date
- 16 MAR 2026
- Dividend Pay Date
- 10 APR 2026
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
- 330.78
- EBITDA
- 19.32
- Profit
- 6.09
- Earnings Per Share (EPS)
- 0.01
- Dividend Per Share (DPS)
- 0.01
- Yield %
- 1.82
- Market Cap
- 112.16
- Price to Earnings Ratio (P/E)
- 17.69
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 30 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 0.16 Fair value 0.25 One-star price 0.38
Morningstar Quantitative Rating as of 30 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
- 0.25
- Price / Fair Value
- 0.69
- Valuation
- Undervalued
- Uncertainty
- High
Morningstar Quantitative Rating as of 30 OCT 2026. The slider runs from the five-star price (0.16) to the one-star price (0.38).
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 | 0.17 |
| Price - 12 month high | 0.28 |
| Price - 12 month low | 0.13 |
| Pricing date | 30 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 1.42 |
| Market capitalization | 102.81 |
| 12 Month High price date | 9 FEB 2026 |
| 12 Month Low price date | 22 OCT 2026 |
| Volume - avg. trading volume for the last 3 months | 0.62 |
| Price - 1 Day % Change | -2.94% |
| Price - 13 week price percent change | 13.79% |
| Price - 26 week price percent change | -10.81% |
| Price - 5 Day % Change | 17.86% |
| Price - 52 week price percent change | -37.74% |
| Price - YTD price percent change | -31.25% |
| Price % Change Month To Date | 6.45% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.010 |
| EPS excluding extraordinary items - trailing 12 month | 0.010 |
| EPS Normalized - most recent fiscal year | 0.012 |
| Revenue/share - most recent fiscal year | 0.521 |
| Revenue/share - trailing 12 month | 0.521 |
| Book value per share - most recent fiscal year | 0.214 |
| Book value per share - most recent half-year | 0.214 |
| Book value (tangible) per share - most recent fiscal year | 0.175 |
| Book value (tangible) per share - most recent half-year | 0.175 |
| Cash per share - most recent fiscal year | 0.027 |
| Cash per share - most recent half-year | 0.027 |
| Cash Flow per share - most recent fiscal year | 0.042 |
| Cash Flow per share - trailing 12 month | 0.042 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.003 |
| EBITD per share - trailing 12 month | 0.030 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.010 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.010 |
| EPS including extraordinary items - most recent fiscal year | 0.010 |
| EPS including extraordinary items - trailing 12 month | 0.010 |
| Free Cash Flow per share - trailing 12 month | 0.031 |
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 | 16.67 |
| P/E Normalized, most recent fiscal year | 14.07 |
| Price to sales - most recent fiscal year | 0.33 |
| Price to Tangible Book - most fiscal year | 0.97 |
| Price to Free Cash Flow per Share - most recent fiscal year | 5.50 |
| Price to Cash Flow per share - trailing 12 month | 4.04 |
| Price to Book - most recent fiscal year | 0.79 |
| P/E excluding extraordinary items high, trailing 12 months | 17.65 |
| P/E excluding extraordinary items low, trailing 12 months | 4.55 |
| Net Debt, LFI | 35.64 |
| Net Debt, LFY | 20.93 |
| Dividend Yield - 5 Year Average | 1.81% |
| Dividend Yield - indicated annual dividend divided by closing price | 1.76% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 1.82% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 19.61 |
| LT debt/equity - most recent fiscal year | 7.80% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 28.44% |
| LT debt/equity - most recent half-year | 9.04% |
| Total debt/total equity - most recent half-year | 36.67% |
| Free Cash Flow - trailing 12 month | 19.61 |
| 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 | 330.78 |
| Revenue - trailing 12 month | 330.78 |
| EBITD - most recent fiscal year | 19.32 |
| EBITD - trailing 12 month | 19.32 |
| Earnings before taxes - most recent fiscal year | 8.12 |
| Earnings before taxes - trailing 12 month | 8.12 |
| Net Income available to common - most recent fiscal year | 6.09 |
| Net Income available to common - trailing 12 months | 6.09 |
| Earnings before taxes Normalized - most recent fiscal year | 9.63 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.01 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 1.95% |
| Net Profit Margin % - trailing 12 month | 1.95% |
| Operating margin - 1st historical fiscal year | 3.34% |
| Operating margin - trailing 12 month | 3.34% |
| Pretax margin - trailing 12 month | 2.46% |
| Pretax margin - 1st historical fiscal year | 2.46% |
| Operating Margin - 5 year average | 8.05% |
| Pretax Margin - 5 year average | 7.70% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 2.34% |
| Free Operating Cash Flow/Revenue, TTM | 5.93% |
| Net Profit Margin - 5 year average | 6.26% |
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 | 2.34% |
| Return on average assets - trailing 12 month | 2.34% |
| Return on average equity - most recent fiscal year | 4.63% |
| Return on average equity - trailing 12 month | 4.63% |
| Return on average assets - 5 year average | 6.95% |
| Return on average equity - 5 year average | 14.90% |
| 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 | 10.31% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | 58.74% |
| Revenue/share (5 yr growth) | 8.34% |
| Growth rate% - Revenue, 3 year | 8.59% |
| Growth rate% - EPS, 3 year | 28.73% |
| Book value per share growth rate, 5 year | 6.51% |
| Capital Spending growth rate, 5 year | 3.52% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 10.85% |
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
Austin Engineering Ltd (ANG) 55c
A tough day for ANG yesterday as they missed FY24 expectations across most metrics and poured cold water on the market’s expectations for FY25.
Emerging Companies Portfolio – Amendments
We are making several changes to the Emerging Companies Portfolio today, repositioning towards stocks we believe offer a better mix of quality and leverage to the themes we remain confident in
Austin Engineering (ANG) 51c
The most recent addition to the Emerging Companies Portfolio closed at long-term highs yesterday, trading up strongly in the past week following an update on demand coming out of their Chilean business
Emerging Companies Portfolio – Amendment
We are adding a new stock to the Emerging Companies Portfolio.
Austin Engineering (ANG) $0.415
ANG -1.19%: a choppy day for the mining equipment company, Austin came in near the top of recent guidance on the 1H. Revenue grew 26% to $143.6m, while EBIT jumped 82% to $16.8m on higher margins. We spoke to the company today, some key takeaways:
Austin Engineering (ANG) 40c
ANG +14.29%: the mining products company rallied to 9-month highs today after a strong trading update and improved 1H guidance. They now expect Revenue of $138-144m and Net Profit of $12-14m, an 8% and 18% upgrades at the midpoints respectively.
Austin Engineering Ltd (ANG) 27c
Mining attachment business ANG has struggled since a profit guidance downgrade in May which we believe was an overreaction, this week it reported growth revenue up +27% to $258mn in FY23, while normalised Group EBITDA increased by +10% year on year to $31mn.
Austin Engineering (ANG) $0.29
We are optimistic about the outlook for mining over the medium term and when the sector does well, the service providers benefit. ANG engineers & manufactures things to help mining companies operate more efficiently, and while this is not a stock we own (yet), it is on the Hitlist for our Emerging Companies Portfolio.
Austin Engineering (ANG) 35c
Austin Engineering designs and manufactures mining equipment, namely specialist hauling trays and bucket attachments for mining companies globally. Investment in the space has soared in recent months on the back of commodity price support.
Action
Updated
10/12/2024
10:32
ANG
Updated 10/12/2024 10:32
MM are selling ANG in the Emerging Companies Portfolio, taking a profit around 53c
Updated
28/08/2024
17:24
ANG
Updated 28/08/2024 17:24
MM has turned neutral ANG ~55c
Updated
26/07/2024
09:33
ANG
Updated 26/07/2024 09:33
MM are trimming ANG in the Emerging Companies Portfolio, targeting a 3% weighting, around 65c
Updated
08/05/2024
16:27
ANG
Updated 08/05/2024 16:27
MM remains bullish and long ANG in the Emerging Companies Portfolio
Updated
05/04/2024
12:15
ANG
Updated 05/04/2024 12:15
MM are buying ANG in the Emerging Companies Portfolio, targeting a 4% weighting around 48c
Updated
28/02/2024
10:22
ANG
Updated 28/02/2024 10:22
MM is bullish ANG
Updated
22/01/2024
17:02
ANG
Updated 22/01/2024 17:02
MM remains bullish ANG
Updated
31/08/2023
10:17
ANG
Updated 31/08/2023 10:17
MM is considering ANG under 30c
Updated
10/05/2023
09:04
ANG
Updated 10/05/2023 09:04
MM is bullish ANG
Updated
08/02/2023
09:33
ANG
Updated 08/02/2023 09:33
MM is bullish ANG and has added it to the Emerging Companies Portfolio Hit List
Business Summary
Austin Engineering Ltd is an Australian-based engineering company. It designs and manufactures customized off-highway truck bodies, buckets, water tanks, tyre handlers, and other ancillary products. It is a comprehensive service provider throughout the product's life cycle, offering both on-site and off-site repair and maintenance. Its geographical segments include Asia-Pacific (for mining equipment, other products and repair and maintenance services located in Australia andIndonesia), North America (for mining equipment and other products located in the USA) and South America (currently Chile for mining equipment, other products and repair and maintenance services located in South America). The majority of the revenue is derived from Asia-Pacific segment.
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