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Austin Engineering
(Sydney:ANG)
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Rating:60Neutral
Price Target:
AU$0.15
â–¼(-8.13% Downside)
Action:Reiterated
Date:10/23/26
Overall score reflects pressured financial performance (FY2026 revenue decline and margin compression) partially offset by a healthier balance sheet and improved FY2026 cash flow. Technical signals remain bearish (below key moving averages and negative MACD), while valuation is relatively supportive (P/E 13.4 and 9.28% yield). Earnings call adds moderate credit due to FY2027 EBITDA guidance, order visibility, and operational fixes, but execution risk remains material.
Positive Factors
Order visibility and diversification
The sizeable order book and additional recent wins provide a meaningful base of future work, reducing reliance on spot demand. Expansion into new customers, regions and product categories could broaden revenue sources and support more durable growth if execution remains effective.
Negative Factors
Revenue contraction
The latest revenue decline shows that Austin remains exposed to weaker mining equipment volumes, replacement-cycle timing and contract-specific disruption. A smaller revenue base can reduce operating leverage and make recovery dependent on renewed customer orders across several regions.
Read all positive and negative factors
Positive Factors
Negative Factors
Order visibility and diversification
The sizeable order book and additional recent wins provide a meaningful base of future work, reducing reliance on spot demand. Expansion into new customers, regions and product categories could broaden revenue sources and support more durable growth if execution remains effective.
Read all positive factors
Austin Engineering (ANG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$93.47M
Dividend Yield8.04%
Average Volume (3M)647.97K
Price to Earnings (P/E)17.0
Beta (1Y)0.86
Revenue Growth-12.68%
EPS Growth-76.78%
CountryAU
Employees1,446
SectorGeneral
Sector StrengthN/A
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)<0.01
Shares Outstanding623,110,900
10 Day Avg. Volume1,429,643
30 Day Avg. Volume647,966
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.65
Price to Sales (P/S)0.27
P/FCF Ratio4.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.35Price Target Upside118.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$328.85M
Austin Engineering Business Overview & Revenue Model
Company Description
Austin Engineering Limited, established in 1982 and based in Kewdale, Australia, specializes in the production, upkeep, and provision of critical equipment and related services for the industrial and resource extraction industries. The company sup...
How the Company Makes Money
Austin Engineering primarily makes money by selling engineered mining equipment and providing aftermarket services to mining customers. Its main revenue stream comes from manufacturing and supplying haul truck bodies and related mining attachments...
Austin Engineering Earnings Call Summary
Earnings Call Date:Aug 24, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 24, 2027
Earnings Call Sentiment Neutral
The call reflects a balanced outcome: FY'26 delivered disappointing earnings with a steep decline in revenue, EBITDA and net profit driven largely by operational failures (notably a loss-making OEM contract in Chile) and softer tray volumes across regions. Offsetting these negatives were strong cash generation, major inventory and net debt reductions, clear operational fixes already implemented (productivity gains in North America, contract renegotiation in Chile), and visible product/customer diversification and order intake. Management presented an actionable recovery plan and provided FY'27 EBITDA guidance ($17M–$21M), but material execution risk remains as the business converts operational improvements into sustainable earnings.Positive Updates
Strong Operating Cash Flow and Free Cash Flow Recovery
Operating cash flow increased to $26.7M, up $24.1M from prior year; free cash flow after interest, tax and capex was $19.9M versus -$5.7M prior year, an improvement of $25.6M; EBITDA to free cash flow conversion improved to 99%.
Negative Updates
Significant Revenue Decline
Group revenue fell to $329M, down 12.7% year-on-year driven by softer tray volumes across North America and APAC and impacts from the legacy OEM contract in South America.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Operating Cash Flow and Free Cash Flow Recovery
Operating cash flow increased to $26.7M, up $24.1M from prior year; free cash flow after interest, tax and capex was $19.9M versus -$5.7M prior year, an improvement of $25.6M; EBITDA to free cash flow conversion improved to 99%.
Read all positive updates
Company Guidance
Management guided FY‑27 underlying EBITDA (continued operations, ex‑FX) of A$17–21m, driven by the March 2026 Chile OEM contract reset, North America productivity/outsourcing improvements and APAC bucket/spare‑parts growth. That guidance is supported by a year‑end order book of A$132.9m plus A$32m of orders since 1 July (A$164.9m total), improved operating cash flow of A$26.7m (up A$24.1m), free cash flow of A$19.9m, A$32.2m (37%) reduction in inventory to A$55.7m, and net debt reduced to A$5.8m from A$12.8m (net debt/equity 4.1%). For context FY‑26 revenue was A$329m (‑12.7%), EBITDA A$20.4m (‑52.5%) with a 6.2% EBITDA margin (vs 11.4% prior), EBIT A$10.8m, NPAT A$7.6m, capex A$6.8m and EBITDA‑to‑FCF conversion of 99%.Austin Engineering Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
72
Positive
Cash Flow
61
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 328.96M | 378.94M | 313.24M | 258.30M | 202.93M |
| Gross Profit | 29.20M | 250.46M | 190.50M | 42.82M | 39.99M |
| EBITDA | 20.50M | 41.66M | 47.74M | 20.30M | 32.45M |
| Net Income | 6.09M | 25.99M | 26.08M | 2.85M | 16.81M |
Balance Sheet | |||||
| Total Assets | 251.34M | 303.33M | 293.00M | 260.87M | 214.14M |
| Cash, Cash Equivalents and Short-Term Investments | 17.07M | 20.06M | 40.19M | 20.17M | 20.78M |
| Total Debt | 38.01M | 52.26M | 46.02M | 55.44M | 36.26M |
| Total Liabilities | 117.70M | 159.31M | 162.66M | 146.67M | 106.82M |
| Stockholders Equity | 133.64M | 144.02M | 130.34M | 114.20M | 107.32M |
Cash Flow | |||||
| Free Cash Flow | 19.91M | -6.94M | 30.01M | 4.76M | 548.00K |
| Operating Cash Flow | 26.68M | 2.59M | 35.50M | 15.78M | 4.74M |
| Investing Cash Flow | -6.40M | -12.62M | -8.37M | -20.93M | 8.72M |
| Financing Cash Flow | -22.61M | -10.96M | -7.24M | 5.36M | -2.66M |
Austin Engineering Technical Analysis
Negative
0.16
Price Trends
0.16
Negative
0.16
Negative
0.18
Negative
Market Momentum
>-0.01
Negative
49.32
Neutral
61.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ANG, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.16, and below the 200-day MA of 0.18, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.32 is Neutral, neither overbought nor oversold. The STOCH value of 61.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ANG.
Austin Engineering Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$799.30M | 20.12 | 24.65% | 2.91% | 12.00% | -5.39% | |
71 Outperform | AU$660.71M | 8.72 | 9.91% | 4.00% | 0.95% | 1.92% | |
71 Outperform | AU$2.85B | 22.52 | 22.77% | 3.82% | 29.43% | 50.05% | |
67 Neutral | AU$2.82B | 18.56 | 23.03% | 3.76% | 31.39% | 451.49% | |
66 Neutral | AU$826.92M | 15.89 | 9.25% | 3.74% | 11.40% | 22.22% | |
60 Neutral | AU$93.47M | 17.01 | 4.45% | 8.04% | -12.68% | -76.78% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:ANG
Austin Engineering
0.15
-0.12
-44.44%
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AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.62
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13.68%
Austin Engineering Corporate Events
Austin Engineering Completes On-Market Share Buy-Back Program
Oct 11, 2026
Austin Engineering Ltd operates in the engineering and manufacturing sector, focusing on the design and production of specialised equipment and solutions for industrial and mining applications. The company serves resource-focused markets where cap...
Austin Engineering to Release 6.6 Million Escrowed Shares from Mainetec Deal
Oct 6, 2026
Austin Engineering will see 6,620,698 shares released from escrow on 14 October 2026, tied to earn-out provisions from its 2022 acquisition of Mainetec. The company has indicated the release is not considered market sensitive, suggesting the move ...
Austin Engineering Sets In-Person 2026 AGM with Webcast Access
Oct 1, 2026
Austin Engineering has scheduled its 2026 Annual General Meeting for 12:00pm AWST on 30 October 2026 at the Vibe Hotel Subiaco in Perth, confirming the event will be conducted as an in-person gathering rather than via virtual platforms. The compan...
Austin Engineering Updates ASX Corporate Governance Disclosures
Aug 24, 2026
Austin Engineering Limited has lodged its updated corporate governance statement with the ASX for the year ended 30 June 2026, confirming that the document is current as at 24 August 2026 and accessible via the company’s website. The stateme...
Austin Engineering Issues FY26 Results Presentation With Extensive Investor Disclaimers
Aug 24, 2026
Austin Engineering Limited released its FY26 full-year financial results presentation, emphasising that the materials are general in nature and should be read alongside its continuous disclosure announcements. The company stresses that the figures...
Austin Engineering tightens cash discipline as FY26 profit falls, eyes FY27 recovery
Aug 24, 2026
Austin Engineering reported a weaker FY26 financial performance, with revenue falling 12.7% to $329 million and EBITDA more than halving to $19.3 million amid softer tray volumes and a loss-making legacy OEM contract in South America. NPAT dropped...
Austin Engineering Releases Comprehensive 2026 Annual Report Highlighting Mining Innovation
Aug 24, 2026
Austin Engineering Limited has released its 2026 Annual Report, presenting a comprehensive review of its operations, financial performance, sustainability initiatives, risk management, governance, and shareholder information. The report underscore...
Austin Engineering Profit Slumps as Revenue and Margins Weaken
Aug 24, 2026
Austin Engineering Limited reported a sharp deterioration in financial performance for the year ended 30 June 2026, with revenue from continuing operations down 12.7% to AUD 329 million and EBITDA falling 53.6% to AUD 19.3 million. Profit from con...
Austin Engineering Secures $43.9m HSBC Refinancing to 2029
Aug 24, 2026
Austin Engineering Limited has reinforced its financial position by successfully refinancing and extending its banking facilities with HSBC Bank Australia Limited, securing a revised $43.9 million package that includes multi-option and term loan f...
Austin Engineering sets date for FY26 results and investor webcast
Aug 3, 2026
Austin Engineering will release its full-year 2026 financial results for the year ended 30 June on 25 August 2026, followed by an investor and analyst briefing led by CEO Sy Van Dyk and CFO David Bonomini. The results presentation will be availabl...
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.