How to buy Austal (ASB) shares
Learn how to easily invest in Austal shares.
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Austal is an aerospace & defense business based in Australia. Austal shares (ASB) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollar. Austal has a trailing 12-month revenue of around $1.6 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Austal
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Austal. Find the share by name or ticker symbol: ASB. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Austal reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Austal. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
Austal stock price (ASX:ASB)Use our graph to track the performance of ASB stocks over time.
Austal shares at a glance
|52-week range||$1.61 - $2.5602|
|50-day moving average||$1.9162|
|200-day moving average||$2.0575|
|Dividend yield||$0.08 (3.98%)|
|Earnings per share (TTM)||$0.224|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Austal stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Austal price performance over time
|1 week (2022-01-21)||-2.24%|
|1 month (2021-12-29)||-0.25%|
|3 months (2021-10-29)||4.52%|
|6 months (2021-07-29)||-9.03%|
|1 year (2021-01-29)||-23.54%|
|2 years (2020-01-29)||-48.15%|
|3 years (2019-01-29)||-4.15%|
|5 years (2017-01-27)||24.76%|
Is Austal under- or over-valued?
Valuing Austal stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Austal's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Austal's P/E ratio
Austal's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Austal shares trade at around 9x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Austal's PEG ratio
Austal's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.99. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Austal's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Austal's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $145.3 million (£0.0 million).
The EBITDA is a measure of a Austal's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$1.6 billion|
|Operating margin TTM||6.79%|
|Gross profit TTM||$222.6 million|
|Return on assets TTM||4.64%|
|Return on equity TTM||10.65%|
|Market capitalisation||$727.3 million|
TTM: trailing 12 months
Austal share dividends
Dividend payout ratio: 34.78% of net profits
Recently Austal has paid out, on average, around 34.78% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.98% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Austal shareholders could enjoy a 3.98% return on their shares, in the form of dividend payments. In Austal's case, that would currently equate to about A$0.08 per share.
While Austal's payout ratio might seem fairly standard, it's worth remembering that Austal may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 7 September 2021 (the "ex-dividend date").
Have Austal's shares ever split?
Austal's shares were split on 17 September 2001.
Austal share price volatility
Over the last 12 months, Austal's shares have ranged in value from as little as $1.61 up to $2.5602. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Austal's is 0.6522. This would suggest that Austal's shares are less volatile than average (for this exchange).
Austal Limited engages in the design, manufacture, and support of vessels for commercial and defense customers worldwide. It operates in four segments: USA Shipbuilding, USA Support, Australasia Shipbuilding, and Australasia Support. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval and other defense vessels; and patrol boats for government law enforcement and border protection agencies. It also develops and integrates advanced vessel control and information management systems, including MARINELINK, an integrated monitoring and control system; and motion control interceptors. In addition, the company provides life capability management and vessel support services, such as crew training and instruction, vessel servicing, repair and maintenance, integrated logistics support, vessel sustainment, and information management systems support to naval, government, and commercial operators; and refit services and manages annual dockings. Austal Limited was founded in 1988 and is headquartered in Henderson, Australia.
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