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Shape Australia Corporation Limited
(Sydney:SHA)
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Rating:71Outperform
Price Target:
AU$9.00
â–²(23.12% Upside)
Action:Upgraded
Date:10/03/26
The score is driven primarily by improving financial performance (strong revenue growth, rising profitability, and good recent cash conversion) and supportive technical trend signals (price above key moving averages with positive MACD). These positives are tempered by stretched momentum indicators (RSI/Stoch overbought risk) and a valuation that is only moderate (P/E ~21.4) despite a solid dividend yield (~3.94%).
Positive Factors
Revenue and profit growth
Meaningful revenue expansion accompanied by rising net income indicates that SHA is converting increased project activity into greater earnings power. The improvement in net margin from 2023 to 2026 also suggests better operating execution, supporting reinvestment and resilience over the next several quarters.
Negative Factors
Structurally thin margins
Thin and volatile margins leave relatively little room for project cost overruns, pricing pressure or execution slippage to be absorbed without affecting earnings. Even with recent improvement, profitability remains sensitive to project mix and cost control, limiting the predictability of returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit growth
Meaningful revenue expansion accompanied by rising net income indicates that SHA is converting increased project activity into greater earnings power. The improvement in net margin from 2023 to 2026 also suggests better operating execution, supporting reinvestment and resilience over the next several quarters.
Read all positive factors
Shape Australia Corporation Limited (SHA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$663.70M
Dividend Yield4.1%
Average Volume (3M)207.16K
Price to Earnings (P/E)20.6
Beta (1Y)0.39
Revenue Growth30.01%
EPS Growth49.41%
CountryAU
Employees890
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.38
Shares Outstanding84,980,670
10 Day Avg. Volume408,273
30 Day Avg. Volume207,156
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)13.21
Price to Sales (P/S)0.47
P/FCF Ratio12.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.52Price Target Upside16.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.44
Revenue Forecast (FY)AU$1.37B
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 interior fit-out and refurbishment projects for clients (e.g., landlords, tenants, developers and institutional customers). Revenue is generally earned under project-based contracts where the com...
Shape Australia Corporation Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.23B | 947.64M | 831.68M | 856.93M | 655.95M |
| Gross Profit | 114.06M | 947.64M | 75.54M | 24.59M | 52.33M |
| EBITDA | 46.45M | 28.03M | 28.22M | 21.86M | 15.47M |
| Net Income | 31.73M | 21.12M | 16.01M | 10.50M | 7.20M |
Balance Sheet | |||||
| Total Assets | 376.69M | 275.07M | 251.14M | 259.32M | 217.14M |
| Cash, Cash Equivalents and Short-Term Investments | 136.23M | 128.34M | 98.58M | 90.55M | 82.03M |
| Total Debt | 38.10M | 24.12M | 25.39M | 31.45M | 31.40M |
| Total Liabilities | 332.58M | 238.37M | 219.86M | 233.38M | 196.85M |
| Stockholders Equity | 44.10M | 36.70M | 31.29M | 25.94M | 20.29M |
Cash Flow | |||||
| Free Cash Flow | 47.52M | 51.22M | 28.49M | 21.46M | -25.31M |
| Operating Cash Flow | 51.95M | 53.17M | 30.00M | 23.56M | -20.59M |
| Investing Cash Flow | -22.58M | -11.50M | -30.31M | -2.31M | -13.58M |
| Financing Cash Flow | -15.19M | -21.79M | -20.36M | -12.72M | 1.06M |
Shape Australia Corporation Limited Technical Analysis
Positive
7.31
Price Trends
7.15
Positive
6.84
Positive
6.65
Positive
Market Momentum
0.22
Negative
53.60
Neutral
44.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHA, the sentiment is Positive. The current price of 7.31 is below the 20-day moving average (MA) of 7.47, above the 50-day MA of 7.15, and above the 200-day MA of 6.65, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 53.60 is Neutral, neither overbought nor oversold. The STOCH value of 44.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$1.47B | 33.48 | 53.12% | 3.25% | 2.95% | 12.85% | |
72 Outperform | AU$206.37M | 93.47 | 1.60% | 8.30% | -6.28% | -84.39% | |
71 Outperform | AU$663.70M | 20.55 | 73.94% | 4.10% | 30.01% | 49.41% | |
71 Outperform | AU$3.10B | 24.27 | 22.77% | 3.50% | 29.43% | 50.05% | |
66 Neutral | AU$877.96M | 16.97 | 9.25% | 3.53% | 11.40% | 22.22% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | AU$99.70M | -86.75 | -1.51% | 1.39% | 42.47% | -144.81% |
* Industrials Sector Average
AU:SHA
Shape Australia Corporation Limited
7.81
2.74
54.17%
AU:MND
Monadelphous Group Limited
30.82
8.52
38.18%
AU:FWD
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2.29
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-18.48%
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0.72
-0.08
-10.00%
AU:GNG
GR Engineering Services Ltd
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107.83%
AU:CVL
Civmec Singapore Limited Shs Chess Deposit Interests Repr 1 Sh
1.72
0.37
27.79%
Shape Australia Corporation Limited Corporate Events
Shape Australia Calls 2026 AGM to Review Reports and Board
Sep 25, 2026
Shape Australia Corporation Limited, an ASX-listed provider of construction and fit-out services to commercial clients, operates under a governance framework that includes regular board elections and detailed financial and sustainability reporting...
Shape Australia Director Greg Miles Increases Indirect Shareholding
Aug 26, 2026
Shape Australia Corporation Limited has reported a change in director Greg Miles’ indirect shareholding, reflecting an increase in his beneficial interest held via Jojebra Pty Ltd as trustee for the Greg Miles Super Fund. The disclosure high...
Shape Australia Director Converts Incentive Rights to Shares, Boosting Equity Stake
Aug 21, 2026
Shape Australia Corporation Limited has reported a change in director Peter Marix-Evans’ interests in company securities, reflecting movements in both fully paid ordinary shares and performance rights. The notice details adjustments to his d...
SHAPE Australia Issues New Shares on Conversion of Performance Rights
Aug 21, 2026
SHAPE Australia Corporation Limited has issued 1,095,180 fully paid ordinary shares following the conversion of vested performance rights, and has confirmed this capital issuance was conducted without a prospectus in reliance on relevant provision...
Shape Australia Issues New Shares on Conversion of Unquoted Securities
Aug 21, 2026
Shape Australia Corporation Limited, listed on the ASX under the ticker SHA, operates in the Australian corporate sector and issues ordinary fully paid shares as part of its capital management. The company utilizes unquoted options or convertible ...
Shape Australia Seeks ASX Quotation for Over 1 Million New Shares
Aug 21, 2026
Shape Australia Corporation Limited has applied to the ASX for quotation of 1,095,180 new ordinary fully paid shares under its ticker SHA. The new securities were issued on 21 August 2026 and will increase the volume of tradable equity in the mark...
SHAPE Australia Releases FY26 Results Presentation to Market
Aug 18, 2026
SHAPE Australia Corporation Limited, a listed national fitout and construction specialist based in Sydney, operates across all major Australian cities and regional centres. The company provides interior, new build, and modular construction service...
Shape Australia Announces AUD 0.18 Interim Dividend for SHA Shareholders
Aug 18, 2026
Shape Australia Corporation Limited has declared a fully franked dividend of AUD 0.18 per ordinary share for the six-month period ended 30 June 2026. The distribution will be paid on 14 September 2026, with an ex-dividend date of 28 August 2026 an...
SHAPE Australia Delivers Strong FY26 Profit Growth and Lifts Final Dividend
Aug 18, 2026
SHAPE Australia Corporation Limited reported a strong financial performance for the year ended 30 June 2026, with revenues from ordinary activities rising 29.6% to $1.24 billion. Profit after tax attributable to owners surged 50.2% to $31.7 millio...
SHAPE Australia Sets Date for FY26 Results and Investor Webinar
Jul 30, 2026
SHAPE Australia has scheduled the release of its FY26 financial results for 19 August 2026, covering the year ended 30 June 2026. The timing underscores the company’s regular disclosure cycle and provides investors with a forthcoming update ...
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.