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Shipbuilder designing and building naval vessels and commercial ferries, with major operations building US Navy ships via Austal USA.
Shipbuilder designing and building naval vessels and commercial ferries, with major operations building US Navy ships via Austal USA.
Builds under long-term, mostly fixed-price government contracts and records revenue as work progresses, so margins depend on keeping to the original cost estimate. Austal USA in Alabama carries most of the business and has widened from warships and ferries to submarine hull modules and Coast Guard vessels.
In one line: A naval/commercial shipbuilder like a smaller Huntington Ingalls.
Moat: narrow (customer qualification, regulatory licence, installed base). Qualified shipyard status for US Navy contracts and specialised aluminium shipbuilding expertise are high barriers.
Headquarters: Perth, Australia · Founded: 1988 · Employees: 4,400
Size Austal (ASB.AX) is an Australia Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.23B, the 159th largest of 316 Australia companies the cockpit tracks. Shares closed at A$4.22 on 6 Nov 2026.
Performance Over six months the shares gained 0.2%, against -16.7% for the median peer and +4.1% for the Australia market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 11.3% over the last twelve months (peer median +10.0%); the operating margin is -7.2% (peer median 8.2%).
Valuation It trades at 18.1× forward earnings against a peer median of 18.1× (7th cheapest of 13).
Capital Return on invested capital runs 17.4 points below its cost of capital (9.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$2.03B | A$2.03B | A$1.82B | A$1.47B | A$1.59B |
| Revenue growth | — | +11% | +24% | -7% | — |
| Gross profit | A$39.9M | A$39.9M | A$230M | A$173M | A$99.1M |
| EBITDA | -A$76.3M | -A$75.1M | A$153M | A$43.4M | A$33.2M |
| Net income | -A$53.6M | -A$53.6M | A$89.7M | A$14.9M | -A$13.8M |
| Free cash flow | -A$290M | -A$290M | A$211M | -A$79.5M | -A$39.8M |
| Capital expenditure | A$354M | A$354M | A$196M | A$69.9M | A$129M |
| Total debt | n/a | A$295M | A$267M | A$281M | A$240M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Austal ASB.AX | $1.23B | 0% | +11% | -7% | 18.1× | n/a |
| Huntington Ingalls Industries HII | $11.4B | -8% | +13% | 5% | 14.4× | 5.3% |
| General Dynamics GD | $95.7B | +3% | +10% | 10% | 19.4× | -2.5% |
| Fincantieri FCT.MI | $4.98B | +3% | -1% | 0% | 21.5× | 1.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ASB.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.2% | -3.2% | 4th highest of 21 |
| 6-month return | +0.2% | -16.7% | 4th highest of 21 |
| Distance from 52-week high | -52.1% | -29.5% | lowest of 21 |
| Revenue growth (TTM) | +11.3% | +10.0% | 10th highest of 21 |
| Operating margin | -7.2% | 8.2% | 3rd lowest of 21 |
| Forward P/E | 18.1× | 18.1× | 7th cheapest of 13 |
| ROIC minus cost of capital | -17.4 pp | +0.5 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Austal ASB.AX | Australia | $1.23B | 0% | +11% | -7% | 18.1× | n/a | n/a |
| Asian Star Anchor Chain 601890.SS | China | $1.22B | -23% | +2% | 13% | 19.6× | 10.7% | +13.5% |
| Xinjiang Machinery Research Institute 300159.SZ | China | $1.21B | -28% | +28% | -40% | n/a | n/a | n/a |
| KTK 603680.SS | China | $1.28B | -24% | -16% | 17% | n/a | -6.0% | +2.3% |
| Greenbrier Companies GBX | United States | $1.29B | -18% | -24% | 4% | 13.0× | n/a | n/a |
| Chengdu Yunda Technology 300440.SZ | China | $1.17B | -1% | +9% | 6% | n/a | 42.0% | +8.7% |
| Chengdu Leejun Industrial 002651.SZ | China | $1.17B | -20% | +7% | -6% | n/a | 15.0% | -2.3% |
| OMH SCIENCE 300486.SZ | China | $1.17B | -30% | +35% | 2% | n/a | 47.7% | -0.3% |
| Alimak ALIG.ST | Sweden | $1.31B | +13% | -2% | 15% | 16.6× | 8.5% | +12.9% |
| Ingersoll-Rand (India) INGERRAND.NS | India | $1.33B | -13% | +8% | 23% | 41.2× | 34.1% | +17.6% |
| Yamabiko 6250.T | Japan | $1.11B | +8% | +10% | 13% | 9.9× | -2.2% | +5.7% |
| Taiyuan Heavy Industry 600169.SS | China | $1.10B | -8% | +10% | 6% | n/a | -3.8% | +3.7% |
| Vossloh Aktiengesellschaft VOS.DE | Germany | $1.08B | -31% | +21% | 5% | 21.7× | 12.9% | +9.1% |
| Lindsay LNN | United States | $1.08B | -3% | -6% | 11% | 20.4× | 6.0% | +2.3% |
| Willing New Energy 002667.SZ | China | $1.08B | -20% | +49% | -44% | n/a | n/a | n/a |
| Hengbo 301225.SZ | China | $1.41B | -11% | +69% | 7% | 85.7× | n/a | n/a |
| Comer Industries COM.MI | Italy | $1.43B | -18% | +31% | 10% | 13.5× | 3.1% | +17.7% |
| Weichai Heavy Machinery 000880.SZ | China | $1.44B | -33% | +58% | 2% | n/a | 6.8% | +13.1% |
| Newag NWG.WA | Poland | $1.04B | -16% | +45% | 21% | 11.9× | -4.3% | +12.6% |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% | +21.7% |
| TADANO 6395.T | Japan | $1.02B | -8% | +21% | 9% | 10.8× | n/a | n/a |